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5. INVESTMENT IN JOINT VENTURES (Tables)
9 Months Ended
Sep. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Investment in joint ventures

The following table is a roll forward of our investment in joint ventures during the nine months ended September 30, 2014 (in thousands):

 

Balance as of December 31, 2013   $ 28,949  
Equity contributions in existing joint ventures     1,161  
Equity earnings in these joint ventures     4,722  
Distribution of earnings     (7,358 )
Balance as of September 30, 2014   $ 27,474  

 

Key financial data in joint ventures

The following table is a summary of key financial data for these joint ventures as of and for the nine months ended September 30, 2014 and 2013 (in thousands):

 

Balance Sheet Data:   September 30, 2014  
Current assets   $ 14,181  
Noncurrent assets     48,306  
Current liabilities     (5,623 )
Noncurrent liabilities     (6,944 )
Total net assets   $ 49,920  
Book value of Radnet joint venture interests   $ 23,232  
Cost in excess of book value of acquired joint venture interests     3,857  
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet     385  
Total value of Radnet joint venture interests   $ 27,474  
Total book value of other joint venture partner interests   $ 26,688  

 

Income Statement Data for the nine months ended September 30,   2014     2013  
Net revenue   $ 73,859     $ 68,912  
Net income   $ 9,801     $ 9,819