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2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Service Fee Revenue

Years Ended December 31, 
  2014  2013  2012 
Commercial insurance (1) $418,414  $415,408  $409,114 
Medicare  157,923   156,066   122,971 
Medicaid  24,248   24,017   20,101 
Workers' compensation/personal injury  30,230   34,821   26,604 
Other  39,321   34,995   39,192 
Service fee revenue, net of contractual allowances and discounts  670,136   665,307   617,982 
Provision for bad debts  (29,807)  (27,911)  (25,904)
Net service fee revenue  640,329   637,396   592,078 
Revenue under capitation arrangements  77,240   65,590   55,075 
Total net revenue $717,569  $702,986  $647,153 

__________

(1) 20% of our net service fees revenue for each of the years ended December 31, 2014, 2013 and 2012 were earned from a single payor.
Fair Value of long-term debt

  As of December 31, 2014 
  Level 1  Level 2  Level 3  Total Fair Value  Total Face Value 
First Lien Term Loans $–  $394,753  $–  $394,753  $399,750 
Second Lien Term Loans  –  178,200  –   178,200  180,000 

 

  As of December 31, 2013 
  Level 1  Level 2  Level 3  Total  Total Face Value 
Senior Secured Term Loan $–  $380,508  $–  $380,508  $349,125 
Senior Notes  –   199,000   –   199,000   200,000 

 
Earnings per share

  Years Ended December 31, 
  2014  2013  2012 
          
Net income attributable to RadNet, Inc. common stockholders $1,376  $2,120  $59,834 
             
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS            
Weighted average number of common shares outstanding during the period  41,070,077   39,140,480   37,751,170 
Basic net income per share attributable to RadNet, Inc. common stockholders $0.03  $0.05  $1.58 
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS            
Weighted average number of common shares outstanding during the period  41,070,077   39,140,480   37,751,170 
Add nonvested restricted stock subject only to service vesting  994,610   316,905   533,014 
Add additional shares issuable upon exercise of stock options and warrants  1,084,509   357,150   960,502 
Weighted average number of common shares used in calculating diluted net income per share  43,149,196   39,814,535   39,244,686 
Diluted net income per share attributable to RadNet, Inc. common stockholders $0.03  $0.05  $1.52 

 
Investment in joint ventures

Balance as of December 31, 2013 $28,949 
Purchase of a 49% interest in a new joint venture (see note below)  2,168 
Equity contributions in existing joint ventures  1,394 
Equity in earnings in these joint ventures  6,970 
Distribution of earnings  (7,358)
Balance as of December 31, 2014 $32,123 

 
Key financial data on joint ventures

December 31, 
Balance Sheet Data: 2014  2013 
Current assets $23,636  $16,203 
Noncurrent assets  49,347   49,324 
Current liabilities  (9,534)  (6,158)
Noncurrent liabilities  (6,386)  (6,793)
Total net assets $57,063  $52,576 
Book value of RadNet joint venture interests $26,791  $23,705 
Cost in excess of book value of acquired joint venture interests  4,970   4,922 
Elimination of intercompany profit remaining on Radnet's consolidated balance sheet  362   322 
Total value of Radnet joint venture interests $32,123  $28,949 
         
Total book value of other joint venture partner interests $30,272  $28,871 

 

 

   2014   2013   2012 
Net revenue  $101,189   $93,134   $85,036 
Net income  $14,854   $13,633   $14,031