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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE        
Total revenue $ 190,566 $ 289,097 $ 472,130 $ 560,647
Provider relief funding 25,475 0 25,475 0
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 194,217 246,558 461,635 489,615
Depreciation and amortization 21,355 20,083 43,289 39,703
(Gain) loss on sale and disposal of equipment and other (569) 101 202 1,073
Severance costs 859 371 1,076 1,002
Total operating expenses 215,862 267,113 506,202 531,393
INCOME (LOSS) FROM OPERATIONS 179 21,984 (8,597) 29,254
OTHER INCOME AND EXPENSES        
Interest expense 10,831 12,399 22,382 24,694
Equity in earnings of joint ventures (945) (2,244) (2,900) (4,117)
Non-cash change in fair value of interest rate hedge 3,843 0 3,843 0
Other (income) expenses (115) 1,269 (108) 1,269
Total other expenses 13,614 11,424 23,217 21,846
(LOSS) INCOME BEFORE INCOME TAXES (13,435) 10,560 (31,814) 7,408
Benefit from (provision for) income taxes 4,475 (2,969) 8,856 (1,740)
NET (LOSS) INCOME (8,960) 7,591 (22,958) 5,668
Net income attributable to noncontrolling interests 1,634 2,692 3,994 4,503
NET (LOSS) INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ (10,594) $ 4,899 $ (26,952) $ 1,165
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.21) $ 0.10 $ (0.53) $ 0.02
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.21) $ 0.10 $ (0.53) $ 0.02
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 50,672,219 49,702,869 50,483,274 49,490,234
Diluted (in shares) 50,672,219 50,144,540 50,483,274 49,988,036
Service fee revenue        
REVENUE        
Total revenue $ 155,698 $ 258,171 $ 404,031 $ 500,844
Revenue under capitation arrangements        
REVENUE        
Total revenue $ 34,868 $ 30,926 $ 68,099 $ 59,803