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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
NET REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 188,403 $ 168,675 $ 353,433 $ 327,438
Provision for bad debts (8,387) (7,520) (15,862) (14,413)
Net service fee revenue 180,016 161,155 337,571 313,025
Revenue under capitation arrangements 24,273 17,927 47,985 34,933
Total net revenue 204,289 179,082 385,556 347,958
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 175,796 147,808 344,717 292,838
Depreciation and amortization 14,941 15,199 29,235 30,770
Loss on sale and disposal of equipment 74 46 36 292
Severance costs 94 383 130 864
Total operating expenses 190,905 163,436 374,118 324,764
INCOME FROM OPERATIONS 13,384 15,646 11,438 23,194
OTHER INCOME AND EXPENSES        
Interest expense 10,423 10,336 20,419 22,108
Meaningful use incentive 0 0 (3,270) (1,762)
Equity in earnings of joint ventures (3,207) (1,646) (4,309) (2,713)
Loss on early extinguishment of Senior Notes 0 471 0 15,927
Other expenses (income) 413 (4) 410 (2)
Total other expenses 7,629 9,157 13,250 33,558
INCOME (LOSS) BEFORE INCOME TAXES 5,755 6,489 (1,812) (10,364)
(Provision for) Benefit from income taxes (2,192) (1,233) 899 3,245
NET INCOME (LOSS) 3,563 5,256 (913) (7,119)
Net income attributable to noncontrolling interests 168 112 246 161
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 3,395 $ 5,144 $ (1,159) $ (7,280)
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ .08 $ .13 $ (.03) $ (.18)
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ .08 $ .12 $ (.03) $ (.18)
WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 43,370,024 40,817,333 43,059,686 40,413,863
WEIGHTED AVERAGE SHARES OUTSTANDING: Diluted 44,685,599 43,262,995 43,059,686 40,413,863