XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUE    
Total service revenue $ 315,319 $ 281,564
Provider relief funding 6,248 0
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization 282,280 267,417
Depreciation and amortization 22,656 21,934
(Gain) loss on sale and disposal of equipment and other (1,307) 771
Severance costs 285 218
Total operating expenses 303,914 290,340
INCOME (LOSS) FROM OPERATIONS 17,653 (8,776)
OTHER INCOME AND EXPENSES    
Interest expense 12,826 11,552
Equity in earnings of joint ventures (2,285) (1,955)
Non-cash change in fair value of interest rate hedge (11,245) 0
Other expenses 206 6
Total other (income) expenses (498) 9,603
INCOME (LOSS) BEFORE INCOME TAXES 18,151 (18,379)
(Provision for) benefit from income taxes (4,376) 4,381
NET INCOME (LOSS) 13,775 (13,998)
Net income attributable to noncontrolling interests 4,317 2,360
NET INCOME (LOSS) ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 9,458 $ (16,358)
BASIC NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.18 $ (0.33)
DILUTED NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.18 $ (0.33)
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares) 51,951,506 50,294,329
Diluted (in shares) 52,828,941 50,294,329
Service fee revenue    
REVENUE    
Total service revenue $ 279,577 $ 248,333
Revenue under capitation arrangements    
REVENUE    
Total service revenue $ 35,742 $ 33,231