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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE        
Total revenue $ 289,097 $ 244,395 $ 560,647 $ 475,787
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 246,558 210,055 489,615 425,689
Depreciation and amortization 20,083 18,086 39,703 35,942
Loss (gain) on sale and disposal of equipment 101 105 1,073 (1,831)
Severance costs 371 279 1,002 1,005
Total operating expenses 267,113 228,525 531,393 460,805
INCOME FROM OPERATIONS 21,984 15,870 29,254 14,982
OTHER INCOME AND EXPENSES        
Interest expense 12,399 10,641 24,694 20,680
Equity in earnings of joint ventures (2,244) (3,748) (4,117) (6,725)
Other (income) expenses 1,269 5 1,269 6
Total other expenses 11,424 6,898 21,846 13,961
INCOME BEFORE INCOME TAXES 10,560 8,972 7,408 1,021
Provision for income taxes (2,969) (2,505) (1,740) (8)
NET INCOME 7,591 6,467 5,668 1,013
Net income attributable to noncontrolling interests 2,692 1,061 4,503 2,945
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 4,899 $ 5,406 $ 1,165 $ (1,932)
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.10 $ 0.11 $ 0.02 $ (0.04)
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.10 $ 0.11 $ 0.02 $ (0.04)
WEIGHTED AVERAGE SHARES OUTSTANDING Basic (in shares) 49,702,869 47,969,003 49,490,234 47,896,216
WEIGHTED AVERAGE SHARES OUTSTANDING Diluted (in shares) 50,144,540 48,526,033 49,988,036 47,896,216
Service fee revenue        
REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 258,171 $ 219,416 $ 500,844 $ 423,584
Revenue under capitation arrangements        
REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 30,926 $ 24,979 $ 59,803 $ 52,203