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5. INVESTMENT IN JOINT VENTURES (Tables) | 6 Months Ended
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Jun. 30, 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 six months ended June 30, 2014 (in thousands):
Balance as of December 31, 2013 |  | $ | 28,949 |
Equity contributions in existing joint ventures |  |  | 900 |
Equity earnings in these joint ventures |  |  | 2,713 |
Distribution of earnings |  |  | (5,041 | )
Balance as of June 30, 2014 |  | $ | 27,521 |
Key financial data in joint ventures | The following table is a summary of key financial data for these joint ventures as of June 30, 2014 (in thousands) and for the six months ended June 30, 2014 and 2013 (in thousands):
Balance Sheet Data: |  | June 30, 2014 |
Current assets |  | $ | 14,537 |
Noncurrent assets |  |  | 46,997 |
Current liabilities |  |  | (5,587 | )
Noncurrent liabilities |  |  | (5,809 | )
Total net assets |  | $ | 50,138 |
Book value of Radnet joint venture interests |  | $ | 22,800 |
Cost in excess of book value of acquired joint venture interests |  |  | 4,397 |
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet |  |  | 324 |
Total value of Radnet joint venture interests |  | $ | 27,521 |
Total book value of other joint venture partner interests |  | $ | 27,338 |
Income Statement Data for the six months ended June 30, |  | 2014 |  |  | 2013 |
Net revenue |  | $ | 48,835 |  |  | $ | 45,209 |
Net income |  | $ | 5,738 |  |  | $ | 5,952 |

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- Definition The entire disclosure for investments accounted for under the cost-method. The carrying amount of such investments may be adjusted, for example, distributions in excess of cost (return of capital) or for other-than-temporary impairments. The cost method and lower-of-cost or market, an adaptation of the cost method, is generally followed for most investments in noncontrolled corporations, in some corporate joint ventures, and to a lesser extent in unconsolidated subsidiaries in which the entity does not have the ability to exercise significant influence. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6872867&loc=d3e40691-111596 + Details
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