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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
REVENUE      
Service fee revenue $ 1,616,630 $ 1,430,061 $ 1,315,077
Provider relief funding 0 0 9,110
OPERATING EXPENSES      
Cost of operations, excluding depreciation and amortization 1,395,239 1,264,346 1,123,274
Gain on contribution of imaging centers into joint venture (16,808) 0 0
Lease abandonment charges 5,146 0 19,675
Depreciation and amortization 128,391 115,877 96,694
Loss on sale and disposal of equipment and other 2,187 2,529 1,246
Severance costs 3,778 946 744
Total operating expenses 1,517,933 1,383,698 1,241,633
INCOME FROM OPERATIONS 98,697 46,363 82,554
OTHER INCOME AND EXPENSES      
Interest expense 64,483 50,841 48,830
Equity in earnings of joint ventures (6,427) (10,390) (10,967)
Non-cash change in fair value of interest rate swaps 8,185 (39,621) (21,670)
Loss on extinguishment of debt and related expenses 0 731 6,044
Other (income) expenses (6,354) 1,833 1,438
Total other expenses 59,887 3,394 23,675
INCOME BEFORE INCOME TAXES 38,810 42,969 58,879
Provision for income taxes (8,473) (9,361) (14,560)
NET INCOME 30,337 33,608 44,319
Net income attributable to noncontrolling interests 27,293 22,958 19,592
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 3,044 $ 10,650 $ 24,727
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.05 $ 0.19 $ 0.47
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) $ 0.05 $ 0.17 $ 0.46
WEIGHTED AVERAGE SHARES OUTSTANDING      
Basic (in shares) 63,580,059 56,293,336 52,496,679
Diluted (in shares) 64,658,299 57,320,870 53,421,033
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration] Other (income) expenses   Other (income) expenses
Service fee revenue      
REVENUE      
Service fee revenue $ 1,463,197 $ 1,278,016 $ 1,166,743
Revenue under capitation arrangements      
REVENUE      
Service fee revenue $ 153,433 $ 152,045 $ 148,334