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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Service Fee Revenue

   Years Ended December 31, 
   2016   2015   2014 
             
Commercial insurance (1)  $539,793   $486,489   $437,525 
Medicare   187,941    168,545    159,562 
Medicaid   28,170    23,948    24,499 
Workers' compensation/personal injury   36,548    32,728    30,543 
Other (2)   29,135    35,046    18,007 
Service fee revenue, net of contractual allowances and discounts   821,587    746,756    670,136 
Provision for bad debts   (45,387)   (36,033)   (29,807)
Net service fee revenue   776,200    710,723    640,329 
Revenue under capitation arrangements   108,335    98,905    77,240 
Total net revenue  $884,535   $809,628   $717,569 

 

(1) 21% of our net service fees revenue for the year ended December 31, 2016 and 20% for the years ended December 31, 2015 and 2014 were earned from a single payor.

 

(2) Other consists of revenue from teleradiology services, consulting fees and software revenue.
Schedule of fair value of assets and liabilities

   As of December 31, 2016 
   Level 1   Level 2   Level 3   Total 
Current assets                    
Interest Rate Contracts  $–   $818   $–   $818 

  

   As of December 31, 2016 
   Level 1   Level 2   Level 3   Total Fair Value   Total Face Value 
First Lien Term Loans  $–   $483,129   $–   $483,129   $478,938 
Second Lien Term Loans  $–   $167,580   $–   $167,580   $168,000 

  

   As of December 31, 2015 
   Level 1   Level 2   Level 3   Total   Total Face Value 
First Lien Term Loans  $–   $444,258   $–   $444,258   $451,023 
Second Lien Term Loans   –    173,700    –    173,700    180,000 

 
Earnings per share
   Years Ended December 31, 
   2016   2015   2014 
             
Net income attributable to RadNet, Inc. common stockholders  $7,230   $7,709   $1,376 
                
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS               
Weighted average number of common shares outstanding during the period   46,244,188    43,805,794    41,070,077 
Basic net income per share attributable to RadNet, Inc. common stockholders  $0.16   $0.18   $0.03 
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS               
Weighted average number of common shares outstanding during the period   46,244,188    43,805,794    41,070,077 
Add nonvested restricted stock subject only to service vesting   220,416    865,326    994,610 
Add additional shares issuable upon exercise of stock options and warrants   190,428    500,252    1,084,509 
Weighted average number of common shares used in calculating diluted net income per share   46,655,032    45,171,372    43,149,196 
Diluted net income per share attributable to RadNet, Inc. common stockholders  $0.15   $0.17   $0.03 
Investment in joint ventures
Balance as of December 31, 2014  $32,123 
Equity contributions in existing joint ventures   265 
Equity in earnings in these joint ventures   8,927 
Distribution of earnings   (7,731)
Balance as of December 31, 2015  $33,584 
Equity contributions in existing joint ventures   3,084 
Equity in earnings in these joint ventures   9,767 
Distribution of earnings   (2,926)
Balance as of December 31, 2016  $43,509 
Key financial data on joint ventures

   December 31, 
Balance Sheet Data:   2016    2015 
Current assets  $40,093   $28,186 
Noncurrent assets   100,146    91,660 
Current liabilities   (14,077)   (15,258)
Noncurrent liabilities   (44,405)   (44,059)
Total net assets  $81,757   $60,529 
           
Book value of RadNet joint venture interests  $38,538   $28,397 
Cost in excess of book value of acquired joint venture interests   4,970    4,970 
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet   –    217 
Total value of Radnet joint venture interests  $43,509   $33,584 
           
Total book value of other joint venture partner interests  $43,219   $32,132 

 

   2016   2015   2014 
             
Net revenue  $160,134   $125,544   $101,189 
Net income  $21,933   $19,485   $14,854