XML 88 R19.htm IDEA: XBRL DOCUMENT v3.20.1
QUARTERLY RESULTS OF OPERATIONS (unaudited)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS OF OPERATIONS (unaudited) QUARTERLY RESULTS OF OPERATIONS (unaudited)
 
The following table sets forth a summary of our unaudited quarterly operating results for each of the last eight quarters in the years ended December 31, 2019 and 2018. This quarterly data has been derived from our unaudited consolidated interim financial statements which, in our opinion, have been prepared on substantially the same basis as the audited financial statements contained elsewhere in this report and include all normal recurring adjustments necessary for a fair presentation of the financial information for the periods presented. These unaudited quarterly results should be read in conjunction with our financial statements and notes thereto, included elsewhere in this report. The operating results in any quarter are not necessarily indicative of the results that may be expected for any future period (in thousands except per share data).
 
 
2019 Quarter Ended
 
2018 Quarter Ended
 
Mar 31
 
June 30
 
Sept 30
 
Dec 31
 
Mar 31
 
June 30
 
Sept 30
 
Dec 31
Statement of Operations Data:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Net  revenue
$
271,549

 
$
289,097

 
$
292,692

 
$
300,840

 
$
231,392

 
$
244,395

 
$
242,148

 
$
257,211

Total operating expenses
264,279

 
267,113

 
275,842

 
277,571

 
232,280

 
228,525

 
225,700

 
257,755

Total other expenses
12,295

 
13,668

 
11,897

 
10,194

 
10,040

 
10,646

 
10,670

 
(27,620
)
Equity in earnings of joint ventures
(1,873
)
 
(2,244
)
 
(1,955
)
 
(2,278
)
 
(2,977
)
 
(3,748
)
 
(2,822
)
 
(1,830
)
Benefit from (provision for) income taxes
1,230

 
(2,969
)
 
(1,816
)
 
(2,673
)
 
2,497

 
(2,505
)
 
(2,827
)
 
2,441

Net (loss) income
(1,922
)
 
7,591

 
5,092

 
12,680

 
(5,454
)
 
6,467

 
5,773

 
31,347

Net income (loss) attributable to noncontrolling interests
1,811

 
2,692

 
1,897

 
2,283

 
1,884

 
1,061

 
734

 
2,211

Net (loss) income attributable to Radnet, Inc. common stockholders
$
(3,733
)
 
$
4,899

 
$
3,195

 
$
10,397

 
$
(7,338
)
 
$
5,406

 
$
5,039

 
$
29,136

Basic net (loss) income attributable to Radnet, Inc. common stockholders (loss) earnings per share:
$
(0.08
)
 
$
0.10

 
$
0.06

 
$
0.21

 
$
(0.15
)
 
$
0.11

 
$
0.10

 
$
0.60

Diluted net (loss) income attributable to Radnet, Inc. common stockholders (loss) earnings per share:
$
(0.08
)
 
$
0.10

 
$
0.06

 
$
0.21

 
$
(0.15
)
 
$
0.11

 
$
0.10

 
$
0.59

Weighted average shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
49,554

 
49,703

 
49,807

 
49,905

 
47,823

 
47,969

 
48,011

 
48,633

   Diluted
49,554

 
50,145

 
50,360

 
50,634

 
47,823

 
48,526

 
48,615

 
49,259