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4. INVESTMENT IN JOINT VENTURES (Tables)
3 Months Ended
Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Investment in joint ventures

The following table is a roll forward of our investment in joint ventures during the three months ended March 31, 2014 (in thousands):

 

Balance as of December 31, 2013   $ 28,949  
Equity contributions in existing joint ventures     789  
Equity earnings in these joint ventures     1,067  
Distribution of earnings     (1,866 )
Balance as of March 31, 2014   $ 28,939  

 

Key financial data in joint ventures

The following table is a summary of key financial data for these joint ventures as of March 31, 2014 (in thousands) and for the three months ended March 31, 2014 and 2013 (in thousands):

 

Balance Sheet Data:   March 31, 2014  
         
Current assets   $ 15,912  
Noncurrent assets     48,119  
Current liabilities     (5,127 )
Noncurrent liabilities     (6,302 )
Total net assets   $ 52,602  
         
Book value of Radnet joint venture interests   $ 23,792  
Cost in excess of book value of acquired joint venture interests     4,772  
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet     375  
Total value of Radnet joint venture interests   $ 28,939  
Total book value of other joint venture partner interests   $ 28,810  

 

Income Statement Data for the three months ended March 31,   2014     2013  
                 
Net revenue   $ 22,806     $ 22,281  
Net income   $ 2,149     $ 2,733