CREDIT FACILITIES AND NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Revolving Credit Facility, Notes Payable, and Capital Lease Obligations

As of December 31, 2020 and December 31, 2019 our debt obligations consisted of the following (in thousands):

	December 31, 2020		December 31, 2019
First Lien Term Loans collateralized by RadNet's tangible and intangible assets	$	611,028	$	649,824
Discount on First Lien Term Loans	(9,699)		(13,579)
SunTrust Term Loan Agreement collateralized by NJIN's tangible and intangible assets	51,375		55,875
Equipment notes payable at interest rates ranging from 4.4% to 5.6%, due through 2020, collateralized by medical equipment	—		275
Total debt obligations	652,704		692,395
Less current portion	(39,791)		(39,691)
Long-term portion debt obligations	$	612,913	$	652,704

Schedule of Annual Principal Maturities of Notes Payable

The following is a listing of annual principal maturities of notes payable exclusive of all related discounts and repayments on our revolving credit facilities for years ending December 31 (in thousands):

2021	$	43,670
2022	44,795
2023	573,938
Total notes payable obligations	$	662,403

Schedule of Term Loans and Financing Activity

Included in our consolidated balance sheets at December 31, 2020 are $601.3 million of First Lien Term Loans and $51.4 million of SunTrust Term Loan debt for a combined total of $652.7 million (net of unamortized discounts of $9.7 million) in thousands:

	Face Value		Discount		Total Carrying Value
First Lien Term Loans	$	611,028	$	(9,699)	$	601,329
SunTrust Term Loan Agreement	51,375		—		51,375
Total Term Loans	$	662,403	$	(9,699)	$	652,704

Schedule of Leverage Ratio

Our First Lien Term Loans bear interest at either an Adjusted Eurodollar Rate or a Base Rate (each as defined in the First Lien Credit Agreement) plus an applicable margin according to the following schedule:

First Lien Leverage Ratio	Eurodollar Rate Spread	Base Rate Spread
> 5.50x	4.50%	3.50%
> 4.00x but ≤ 5.50x	3.75%	2.75%
>3.50x but ≤ 4.00x	3.50%	2.50%
≤ 3.50x	3.25%	2.25%

Pricing Level	Leverage Ratio	Applicable Margin for Eurodollar Loans	Applicable Margin for Base Rate Loans	Applicable Margin for Letter of Credit Fees	Applicable Percentage for Commitment Fee
I	Greater than or equal to 3.00:1.00	2.75% per annum	1.75% per annum	2.75% per annum	0.45% per annum
II	Less than 3.00:1.00 but greater than or equal to 2.50:1.00	2.25% per annum	1.25% per annum	2.25% per annum	0.40% per annum
III	Less than 2.50:1.00 but greater than or equal to 2.00:1.00	2.00% per annum	1.00% per annum	2.00% per annum	0.35% per annum
IV	Less than 2.00:1.00 but greater than or equal to 1.50:1.00	1.75% per annum	0.75% per annum	1.75% per annum	0.30% per annum
V	Less than 1.50:1.00	1.50% per annum	0.50% per annum	1.50% per annum	0.30% per annum