NOTE 5 - EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Text Block]

 NOTE 5 – EARNINGS PER SHARE

Earnings per share is based upon the weighted average number of shares of common stock and common stock equivalents outstanding, net of common stock held in treasury,  as follows (in thousands except share and per share data):

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2011		2010			2011		2010
Net income (loss) attributable to Radnet, Inc.'s common stockholders	$	3,521	$	(11,756	)	$	2,645	$	(15,867	)
BASIC INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC.'S COMMON STOCKHOLDERS
Weighted average number of common shares outstanding during the year		37,357,840		36,916,905			37,308,038		36,641,953
Basic income (loss) per share attributable to RadNet, Inc.'s common stockholders	$	0.09	$	(0.32	)	$	0.07	$	(0.43	)
DILUTED LOSS PER SHARE ATTRIBUTABLE TO RADNET, INC.'S COMMON STOCKHOLDERS
Weighted average number of common shares outstanding during the year		37,357,840		36,916,905			37,308,038		36,641,953
Add additional shares issuable upon exercise of stock options and warrants		2,462,323		-			2,068,920		-
Weighted average number of common shares used in calculating diluted income (loss) per share		39,820,163		36,916,905			39,376,958		36,641,953
Diluted income (loss) per share attributable to RadnNet, Inc.'s common stockholders	$	0.09	$	(0.32	)	$	0.07	$	(0.43	)

For the three and six months ended June 30, 2010, we excluded all options and warrants in the calculation of diluted loss per share because their effect is antidilutive.