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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
NET REVENUE      
Service fee revenue, net of contractual allowances and discounts $ 821,587 $ 746,756 $ 670,136
Provision for bad debts (45,387) (36,033) (29,807)
Net service fee revenue 776,200 710,723 640,329
Revenue under capitation arrangements 108,335 98,905 77,240
Total net revenue 884,535 809,628 717,569
OPERATING EXPENSES      
Cost of operations, excluding depreciation and amortization 775,801 708,289 602,652
Depreciation and amortization 66,610 60,611 59,258
Loss on sale and disposal of equipment 767 866 1,113
Severance costs 2,877 745 1,241
Total operating expenses 846,055 770,511 664,264
INCOME FROM OPERATIONS 38,480 39,117 53,305
OTHER INCOME AND EXPENSES      
Interest expense 43,455 41,684 42,727
Meaningful use incentive (2,808) (3,270) (2,034)
Equity in earnings of joint ventures (9,767) (8,927) (6,970)
Gain on sale of imaging centers 0 (5,434) 0
Gain on return of common stock (5,032) 0 0
Loss on early extinguishment of senior notes 0 0 15,927
Other expenses 196 419 3
Total other expenses 26,044 24,472 49,653
INCOME BEFORE INCOME TAXES 12,436 14,645 3,652
Provision for income taxes (4,432) (6,007) (1,967)
NET INCOME 8,004 8,638 1,685
Net income attributable to noncontrolling interests 774 929 309
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 7,230 $ 7,709 $ 1,376
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ .16 $ 0.18 $ .03
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ .15 $ .17 $ .03
Weighted average shares outstanding - Basic 46,244,188 43,805,794 41,070,077
Weighted average shares outstanding - Diluted 46,655,032 45,171,372 43,149,196