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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
NET REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 219,416 $ 214,056 $ 423,584 $ 426,806
Provision for bad debts 0 (11,854) 0 (23,500)
Net service fee revenue 219,416 202,202 423,584 403,306
Revenue under capitation arrangements 24,979 27,812 52,203 55,721
Total net revenue 244,395 230,014 475,787 459,027
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 210,055 198,611 425,689 404,065
Depreciation and amortization 18,086 16,612 35,942 33,266
Loss (gain) on sale and disposal of equipment 105 453 (1,831) 408
Severance costs 279 177 1,005 380
Total operating expenses 228,525 215,853 460,805 438,119
INCOME FROM OPERATIONS 15,870 14,161 14,982 20,908
OTHER INCOME AND EXPENSES        
Interest expense 10,641 10,303 20,680 20,543
Equity in earnings of joint ventures (3,748) (2,994) (6,725) (4,922)
Gain on sale of imaging centers 0 (2,301) 0 (2,301)
Other expenses (income) 5 7 6 (240)
Total other expenses 6,898 5,015 13,961 13,080
INCOME BEFORE INCOME TAXES 8,972 9,146 1,021 7,828
Provision for income taxes (2,505) (3,523) (8) (3,065)
NET LOSS 6,467 5,623 1,013 4,763
Net income attributable to noncontrolling interests 1,061 313 2,945 663
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 5,406 $ 5,310 $ (1,932) $ 4,100
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.11 $ 0.11 $ (0.04) $ 0.09
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.11 $ 0.11 $ (0.04) $ 0.09
WEIGHTED AVERAGE SHARES OUTSTANDING Basic (in shares) 47,969,003 46,756,276 47,896,216 46,662,420
WEIGHTED AVERAGE SHARES OUTSTANDING Diluted (in shares) 48,526,033 47,195,898 47,896,216 47,068,563