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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2014
Accounting Policies [Abstract] |
Service Fee Revenue |
| Years Ended December 31, |
| 2014 |  | 2013 |  | 2012 |
Commercial insurance (1) | $ | 418,414 |  | $ | 415,408 |  | $ | 409,114 |
Medicare |  | 157,923 |  |  | 156,066 |  |  | 122,971 |
Medicaid |  | 24,248 |  |  | 24,017 |  |  | 20,101 |
Workers' compensation/personal injury |  | 30,230 |  |  | 34,821 |  |  | 26,604 |
Other |  | 39,321 |  |  | 34,995 |  |  | 39,192 |
Service fee revenue, net of contractual allowances and discounts |  | 670,136 |  |  | 665,307 |  |  | 617,982 |
Provision for bad debts |  | (29,807 | ) |  | (27,911 | ) |  | (25,904 | )
Net service fee revenue |  | 640,329 |  |  | 637,396 |  |  | 592,078 |
Revenue under capitation arrangements |  | 77,240 |  |  | 65,590 |  |  | 55,075 |
Total net revenue | $ | 717,569 |  | $ | 702,986 |  | $ | 647,153 |
__________ (1) 20% of our net service fees revenue for each of the years ended December 31, 2014, 2013 and 2012 were earned from a single payor.
Fair Value of long-term debt |
| As of December 31, 2014 |
| Level 1 |  | Level 2 |  | Level 3 |  | Total Fair Value |  | Total Face Value |
First Lien Term Loans | $ | – |  | $ | 394,753 |  | $ | – |  | $ | 394,753 |  | $ | 399,750 |
Second Lien Term Loans |  | – |  |  | 178,200 |  |  | – |  |  | 178,200 |  |  | 180,000 |
| As of December 31, 2013 |
| Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Total Face Value |
Senior Secured Term Loan | $ | – |  | $ | 380,508 |  | $ | – |  | $ | 380,508 |  | $ | 349,125 |
Senior Notes |  | – |  |  | 199,000 |  |  | – |  |  | 199,000 |  |  | 200,000 |
Earnings per share |
| Years Ended December 31, |
| 2014 |  | 2013 |  | 2012 |
Net income attributable to RadNet, Inc. common stockholders | $ | 1,376 |  | $ | 2,120 |  | $ | 59,834 |
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding during the period |  | 41,070,077 |  |  | 39,140,480 |  |  | 37,751,170 |
Basic net income per share attributable to RadNet, Inc. common stockholders | $ | 0.03 |  | $ | 0.05 |  | $ | 1.58 |
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding during the period |  | 41,070,077 |  |  | 39,140,480 |  |  | 37,751,170 |
Add nonvested restricted stock subject only to service vesting |  | 994,610 |  |  | 316,905 |  |  | 533,014 |
Add additional shares issuable upon exercise of stock options and warrants |  | 1,084,509 |  |  | 357,150 |  |  | 960,502 |
Weighted average number of common shares used in calculating diluted net income per share |  | 43,149,196 |  |  | 39,814,535 |  |  | 39,244,686 |
Diluted net income per share attributable to RadNet, Inc. common stockholders | $ | 0.03 |  | $ | 0.05 |  | $ | 1.52 |
Investment in joint ventures |
Balance as of December 31, 2013 | $ | 28,949 |
Purchase of a 49% interest in a new joint venture (see note below) |  | 2,168 |
Equity contributions in existing joint ventures |  | 1,394 |
Equity in earnings in these joint ventures |  | 6,970 |
Distribution of earnings |  | (7,358 | )
Balance as of December 31, 2014 | $ | 32,123 |
Key financial data on joint ventures |
| December 31, |
Balance Sheet Data: | 2014 |  | 2013 |
Current assets | $ | 23,636 |  | $ | 16,203 |
Noncurrent assets |  | 49,347 |  |  | 49,324 |
Current liabilities |  | (9,534 | ) |  | (6,158 | )
Noncurrent liabilities |  | (6,386 | ) |  | (6,793 | )
Total net assets | $ | 57,063 |  | $ | 52,576 |
Book value of RadNet joint venture interests | $ | 26,791 |  | $ | 23,705 |
Cost in excess of book value of acquired joint venture interests |  | 4,970 |  |  | 4,922 |
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet |  | 362 |  |  | 322 |
Total value of Radnet joint venture interests | $ | 32,123 |  | $ | 28,949 |
Total book value of other joint venture partner interests | $ | 30,272 |  | $ | 28,871 |
|  | 2014 |  |  | 2013 |  |  | 2012 |
Net revenue |  | $ | 101,189 |  |  | $ | 93,134 |  |  | $ | 85,036 |
Net income |  | $ | 14,854 |  |  | $ | 13,633 |  |  | $ | 14,031 |

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