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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUE    
Total service revenue $ 431,707 $ 390,564
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization 387,589 351,865
Depreciation and amortization 32,368 31,315
Loss (gain) on sale and disposal of equipment and other 186 579
Severance costs 225 134
Total operating expenses 420,368 383,893
INCOME FROM OPERATIONS 11,339 6,671
OTHER INCOME AND EXPENSES    
Interest expense 16,267 15,722
Equity in earnings of joint ventures (4,324) (1,428)
Non-cash change in fair value of interest rate hedge (1,216) 4,093
Other (income) expense (2,934) 1,432
Total other expense 7,793 19,819
INCOME (LOSS) BEFORE INCOME TAXES 3,546 (13,148)
Benefit from (provision for) income taxes 1,864 (1,135)
NET INCOME (LOSS) 5,410 (14,283)
Net income attributable to noncontrolling interests 8,189 6,722
NET LOSS ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ (2,779) $ (21,005)
BASIC NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS, Basic (in dollars per share) $ (0.04) $ (0.36)
BASIC NET LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS, Diluted (in dollars per share) $ (0.04) $ (0.36)
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 69,307,078 57,701,439
Diluted (in shares) 69,307,078 57,701,439
Service fee revenue    
REVENUE    
Total service revenue $ 397,189 $ 352,420
Revenue under capitation arrangements    
REVENUE    
Total service revenue $ 34,518 $ 38,144