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6. INVESTMENT IN JOINT VENTURES (Tables)
 9 Months Ended
Sep. 30, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Investment in joint ventures

The following table is a summary of our investment in joint ventures during the nine months ended September 30, 2016 (in thousands):

 

Balance as of December 31, 2015  $33,584 
Equity in earnings in these joint ventures   8,129 
Distribution of earnings   (2,929)
Equity contributions in existing joint ventures   3,084 
Balance as of September 30, 2016  $41,868 
Key financial data in joint ventures
Balance Sheet Data:  September 30, 2016   December 31, 2015 
Current assets  $33,452   $28,186 
Noncurrent assets   96,766    91,660 
Current liabilities   (9,786)   (15,258)
Noncurrent liabilities   (42,633)   (44,059)
Total net assets  $77,799   $60,529 
           
Book value of RadNet joint venture interests  $36,873   $28,397 
Cost in excess of book value of acquired joint venture interests   4,995    4,970 
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet        217 
Total value of Radnet joint venture interests  $41,868   $33,584 
           
Total book value of other joint venture partner interests  $40,926   $32,132 

 

Income statement data for the nine months ended September 30,  2016   2015 
Net revenue  $119,920   $85,305 
Net income  $18,001   $13,489