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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
NET REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 203,759 $ 188,403 $ 404,601 $ 353,433
Provision for bad debts (12,326) (8,387) (22,630) (15,862)
Net service fee revenue 191,433 180,016 381,971 337,571
Revenue under capitation arrangements 27,132 24,273 52,982 47,985
Total net revenue 218,565 204,289 434,953 385,556
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 194,062 175,796 390,888 344,717
Depreciation and amortization 15,811 14,941 32,223 29,235
Loss on sale and disposal of equipment 441 74 441 36
Severance costs 173 94 340 130
Total operating expenses 210,487 190,905 423,892 374,118
INCOME FROM OPERATIONS 8,078 13,384 11,061 11,438
OTHER INCOME AND EXPENSES        
Interest expense 10,745 10,423 21,426 20,419
Meaningful use incentive 0 0 (2,808) (3,270)
Equity in earnings of joint ventures (3,274) (3,207) (5,553) (4,309)
Gain from return of common stock (5,032) 0 (5,032) 0
Other expenses 4 413 6 410
Total other expenses 2,443 7,629 8,039 13,250
INCOME (LOSS) BEFORE INCOME TAXES 5,635 5,755 3,022 (1,812)
(provision for) Benefit from income taxes (2,253) (2,192) (1,073) 899
NET INCOME (LOSS) 3,382 3,563 1,949 (913)
Net (LOSS) income attributable to noncontrolling interests (243) 168 47 246
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 3,625 $ 3,395 $ 1,902 $ (1,159)
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ .08 $ .08 $ .04 $ (0.03)
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.08 $ .08 $ .04 $ (0.03)
WEIGHTED AVERAGE SHARES OUTSTANDING - Basic 46,558,944 43,370,024 46,576,631 43,059,686
WEIGHTED AVERAGE SHARES OUTSTANDING - Diluted 46,882,383 44,685,599 46,960,226 43,059,686