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5. INVESTMENT IN JOINT VENTURES (Tables)
9 Months Ended
Sep. 30, 2013
TotalFairValueMember  
Investment in joint ventures

The following table is a roll forward of our investment in joint ventures during the nine months ended September 30, 2013 (in thousands):

 

Balance as of December 31, 2012   $ 28,598  
Acquisition of a controlling interest in a joint venture (see Note 2)     (648 )
Purchase of a 40% interest in a new joint venture (see Note 2)     1,000  
Equity contributions in existing joint ventures     803  
Equity earnings in these joint ventures     4,481  
Distribution of earnings     (5,624 )
Balance as of September 30, 2013   $ 28,610  
Key financial data in joint ventures

The following table is a summary of key financial data for these joint ventures as of September 30, 2013 and for the nine months ended September 30, 2013 and 2012 (in thousands):

 

 

Balance Sheet Data:   September 30, 2013  
Current assets   $ 15,521  
Noncurrent assets     49,361  
Current liabilities     (6,995 )
Noncurrent liabilities     (6,487 )
Total net assets   $ 51,400  
Book value of Radnet joint venture interests   $ 23,222  
Cost in excess of book value of acquired joint venture interests     5,059  
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet     329  
Total value of Radnet joint venture interests   $ 28,610  
Total book value of other joint venture partner interests   $ 28,178  

  

Income Statement Data for the nine months ended September 30,     2013       2012  
Net revenue   $ 68,912     $ 60,954  
Net income   $ 9,819     $ 9,011