XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUE    
Total service revenue $ 390,564 $ 341,767
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization 351,865 315,039
Depreciation and amortization 31,315 27,118
Loss on sale and disposal of equipment and other 579 1,128
Severance costs 134 201
Total operating expenses 383,893 343,486
INCOME (LOSS) FROM OPERATIONS 6,671 (1,719)
OTHER INCOME AND EXPENSES    
Interest expense 15,722 11,593
Equity in earnings of joint ventures (1,428) (2,517)
Non-cash change in fair value of interest rate hedge 4,093 (20,819)
Other expenses 1,432 165
Total other expense (income) 19,819 (11,578)
(LOSS) INCOME BEFORE INCOME TAXES (13,148) 9,859
Provision for income taxes (1,135) (1,496)
NET (LOSS) INCOME (14,283) 8,363
Net income attributable to noncontrolling interests 6,722 5,350
NET (LOSS) INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ (21,005) $ 3,013
BASIC NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.36) $ 0.05
DILUTED NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.36) $ 0.05
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 57,701,439 55,303,007
Diluted (in shares) 57,701,439 56,362,193
Service fee revenue    
REVENUE    
Total service revenue $ 352,420 $ 303,276
Revenue under capitation arrangements    
REVENUE    
Total service revenue $ 38,144 $ 38,491