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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUE        
Total revenue $ 292,692 $ 242,148 $ 853,338 $ 717,935
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 254,383 208,511 743,997 634,200
Depreciation and amortization 20,490 17,480 60,193 53,422
Loss (gain) on sale and disposal of equipment and other 917 (373) 1,990 (2,204)
Severance costs 52 82 1,054 1,087
Total operating expenses 275,842 225,700 807,234 686,505
INCOME FROM OPERATIONS 16,850 16,448 46,104 31,430
OTHER INCOME AND EXPENSES        
Interest expense 11,895 10,663 36,589 31,343
Equity in earnings of joint ventures (1,955) (2,822) (6,072) (9,547)
Other expenses 2 7 1,271 13
Total other expenses 9,942 7,848 31,788 21,809
INCOME BEFORE INCOME TAXES 6,908 8,600 14,316 9,621
Provision for income taxes (1,816) (2,827) (3,556) (2,835)
NET INCOME 5,092 5,773 10,760 6,786
Net income attributable to noncontrolling interests 1,897 734 6,400 3,679
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 3,195 $ 5,039 $ 4,360 $ 3,107
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.06 $ 0.10 $ 0.09 $ 0.06
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.06 $ 0.10 $ 0.09 $ 0.06
WEIGHTED AVERAGE SHARES OUTSTANDING Basic (in shares) 49,807,460 48,010,726 49,597,138 47,937,215
WEIGHTED AVERAGE SHARES OUTSTANDING Diluted (in shares) 50,360,360 48,615,392 50,113,306 48,481,305
Service fee revenue        
REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 261,908 $ 217,552 $ 762,751 $ 641,136
Revenue under capitation arrangements        
REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 30,784 $ 24,596 $ 90,587 $ 76,799