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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
NET REVENUE      
Net service fee revenue   $ 810,623 $ 776,200
Total net revenue $ 975,146 922,186 884,535
OPERATING EXPENSES      
Cost of operations, excluding depreciation and amortization 867,547 802,377 775,801
Depreciation and amortization 72,899 66,796 66,610
(Gain) loss on sale and disposal of equipment (2,054) 1,142 767
Loss on impairment 3,937 0 0
Severance costs 1,931 1,821 2,877
Total operating expenses 944,260 872,136 846,055
INCOME FROM OPERATIONS 30,886 50,050 38,480
OTHER INCOME AND EXPENSES      
Interest expense 43,456 40,623 43,455
Meaningful use incentive 0 (250) (2,808)
Equity in earnings of joint ventures (11,377) (13,554) (9,767)
Gain on re-measurement of pre-existing interest (39,539) 0 0
Gain on sale of imaging centers and medical practice 0 (3,146) 0
Gain on return of common stock 0 0 (5,032)
Other (income) expenses (181) (8) 196
Total other (income) expenses (7,641) 23,665 26,044
INCOME BEFORE INCOME TAXES 38,527 26,385 12,436
Provision for income taxes (394) (24,310) (4,432)
NET INCOME 38,133 2,075 8,004
Net income attributable to noncontrolling interests 5,890 2,022 774
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 32,243 $ 53 $ 7,230
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.67 $ 0.00 $ 0.16
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.66 $ 0.00 $ 0.15
Weighted average shares outstanding, basic (in shares) 48,114,275 46,880,775 46,244,188
Weighted average shares outstanding, diluted (in shares) 48,678,999 47,401,921 46,655,032
Health Care, Patient Service      
NET REVENUE      
Service fee revenue, net of contractual allowances and discounts $ 868,741 $ 857,178 $ 821,587
Provision for bad debts   (46,555) (45,387)
Capitation Arrangements      
NET REVENUE      
Service fee revenue, net of contractual allowances and discounts $ 106,405 $ 111,563 $ 108,335