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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
NET REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 217,552 $ 211,313 $ 641,136 $ 638,119
Provision for bad debts 0 (11,687) 0 (35,187)
Net service fee revenue 217,552 199,626 641,136 602,932
Revenue under capitation arrangements 24,596 27,981 76,799 83,702
Total net revenue 242,148 227,607 717,935 686,634
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 208,511 198,109 634,200 602,174
Depreciation and amortization 17,480 17,053 53,422 50,319
(Gain) loss on sale and disposal of equipment (373) 420 (2,204) 828
Severance costs 82 1,186 1,087 1,566
Total operating expenses 225,700 216,768 686,505 654,887
INCOME FROM OPERATIONS 16,448 10,839 31,430 31,747
OTHER INCOME AND EXPENSES        
Interest expense 10,663 10,169 31,343 30,712
Equity in earnings of joint ventures (2,822) (3,450) (9,547) (8,372)
Gain on sale of imaging centers 0 (845) 0 (3,146)
Other expenses (income) 7 4 13 (236)
Total other expenses 7,848 5,878 21,809 18,958
INCOME BEFORE INCOME TAXES 8,600 4,961 9,621 12,789
Provision for income taxes (2,827) (1,112) (2,835) (4,177)
NET INCOME 5,773 3,849 6,786 8,612
Net income attributable to noncontrolling interests 734 623 3,679 1,286
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 5,039 $ 3,226 $ 3,107 $ 7,326
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.10 $ 0.07 $ 0.06 $ 0.16
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.10 $ 0.07 $ 0.06 $ 0.16
WEIGHTED AVERAGE SHARES OUTSTANDING Basic (in shares) 48,010,726 46,953,705 47,937,215 46,760,583
WEIGHTED AVERAGE SHARES OUTSTANDING Diluted (in shares) 48,615,392 47,577,750 48,481,305 47,239,360