XML 61 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUE    
Total revenue $ 281,564 $ 271,549
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization 267,417 243,057
Depreciation and amortization 21,934 19,620
Loss on sale and disposal of equipment and other 771 971
Severance costs 218 631
Total operating expenses 290,340 264,279
(LOSS) INCOME FROM OPERATIONS (8,776) 7,270
OTHER INCOME AND EXPENSES    
Interest expense 11,552 12,295
Equity in earnings of joint ventures (1,955) (1,873)
Other expenses 6 0
Total other expenses 9,603 10,422
LOSS BEFORE INCOME TAXES (18,379) (3,152)
Benefit from income taxes 4,381 1,230
NET LOSS (13,998) (1,922)
Net income attributable to noncontrolling interests 2,360 1,811
NET LOSS ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ (16,358) $ (3,733)
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.33) $ (0.08)
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ (0.33) $ (0.08)
WEIGHTED AVERAGE SHARES OUTSTANDING Basic and Diluted (in shares) 50,294,329 49,553,694
Service fee revenue    
REVENUE    
Service fee revenue, net of contractual allowances and discounts $ 248,333 $ 242,672
Revenue under capitation arrangements    
REVENUE    
Service fee revenue, net of contractual allowances and discounts $ 33,231 $ 28,877