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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUE    
Total service revenue $ 341,767 $ 315,319
Provider relief funding 0 6,248
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization 315,039 282,280
Depreciation and amortization 27,118 22,656
Loss (gain) on sale and disposal of equipment and other 1,128 (1,307)
Severance costs 201 285
Total operating expenses 343,486 303,914
(LOSS) INCOME FROM OPERATIONS (1,719) 17,653
OTHER INCOME AND EXPENSES    
Interest expense 11,593 12,826
Equity in earnings of joint ventures (2,517) (2,285)
Non-cash change in fair value of interest rate hedge (20,819) (11,245)
Other expenses 165 206
Total other income (11,578) (498)
INCOME BEFORE INCOME TAXES 9,859 18,151
Provision for income taxes (1,496) (4,376)
NET INCOME 8,363 13,775
Net income attributable to noncontrolling interests 5,350 4,317
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 3,013 $ 9,458
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.05 $ 0.18
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.05 $ 0.18
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 55,303,007 51,951,506
Diluted (in shares) 56,362,193 52,828,941
Service fee revenue    
REVENUE    
Total service revenue $ 303,276 $ 279,577
Revenue under capitation arrangements    
REVENUE    
Total service revenue $ 38,491 $ 35,742