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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUE      
Service fee revenue $ 1,071,840 $ 1,154,179 $ 975,146
Provider relief funding 26,264 0 0
OPERATING EXPENSES      
Cost of operations, excluding depreciation and amortization 965,902 999,692 867,547
Depreciation and amortization 86,795 80,607 72,899
Loss (gain) on sale and disposal of equipment and other 1,200 2,383 (2,054)
Loss on impairment 4,170 0 3,937
Severance costs 4,353 1,619 1,931
Total operating expenses 1,062,420 1,084,301 944,260
INCOME FROM OPERATIONS 35,684 69,878 30,886
OTHER INCOME AND EXPENSES      
Interest expense 45,882 48,044 43,456
Equity in earnings of joint ventures (7,945) (8,350) (11,377)
Non-cash change in fair value of interest rate hedge 2,528 0 0
Gain on re-measurement of pre-existing interest 0 (768) (39,539)
Gain on extinguishment of debt (4,047) 0 0
Other expenses (income) 120 1,283 (181)
Total other expenses (income) 36,538 40,209 (7,641)
(LOSS) INCOME BEFORE INCOME TAXES (854) 29,669 38,527
Provision for income taxes (895) (6,229) (394)
NET (LOSS) INCOME (1,749) 23,440 38,133
Net income attributable to noncontrolling interests 13,091 8,684 5,890
NET (LOSS) INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ (14,840) $ 14,756 $ 32,243
BASIC NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.29) $ 0.30 $ 0.67
DILUTED NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.29) $ 0.29 $ 0.66
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 50,891,791 49,674,858 48,114,275
Diluted (in shares) 50,891,791 50,244,006 48,678,999
Service fee revenue      
REVENUE      
Service fee revenue $ 931,722 $ 1,028,236 $ 868,741
Revenue under capitation arrangements      
REVENUE      
Service fee revenue $ 140,118 $ 125,943 $ 106,405