XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
NET REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 171,098 $ 165,373 $ 498,536 $ 496,424
Provision for bad debts (7,532) (7,033) (21,945) (20,810)
Net service fee revenue 163,566 158,340 476,591 475,614
Revenue under capitation arrangements 20,493 16,848 55,426 49,034
Total net revenue 184,059 175,188 532,017 524,648
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 153,000 151,770 445,838 450,030
Depreciation and amortization 14,423 14,762 45,193 44,050
Loss on sale and disposal of equipment 1,289 (5) 1,581 357
Severance costs 112 72 976 312
Total operating expenses 168,824 166,599 493,588 494,749
INCOME FROM OPERATIONS 15,235 8,589 38,429 29,899
OTHER INCOME AND EXPENSES        
Interest expense 10,395 11,052 32,503 34,542
Meaningful use incentive 0 0 (1,762) 0
Equity in earnings of joint ventures (2,009) (1,617) (4,722) (4,481)
Gain on sale of imaging centers 0 0 0 (2,108)
Loss on early extinguishment of Senior Notes 0 0 15,927 0
Other expenses 6 4 4 152
Total other expenses 8,392 9,439 41,950 28,105
INCOME (LOSS) BEFORE INCOME TAXES 6,843 (850) (3,521) 1,794
(Provision for) benefit from income taxes (2,334) 483 911 (766)
NET INCOME (LOSS) 4,509 (367) (2,610) 1,028
Net income attributable to noncontrolling interests 58 100 219 151
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 4,451 $ (467) $ (2,829) $ 877
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.11 $ (0.01) $ (0.07) $ 0.02
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.10 $ (0.01) $ (0.07) $ 0.02
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic 41,644,606 39,235,863 40,734,083 39,105,522
Diluted 44,033,580 39,235,863 40,734,083 39,886,140