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5. INVESTMENT IN JOINT VENTURES (Tables)
6 Months Ended
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