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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
NET REVENUE        
Service fee revenue, net of contractual allowances and discounts $ 214,056 $ 203,759 $ 426,806 $ 404,601
Provision for bad debts (11,854) (12,326) (23,500) (22,630)
Net service fee revenue 202,202 191,433 403,306 381,971
Revenue under capitation arrangements 27,812 27,132 55,721 52,982
Total net revenue 230,014 218,565 459,027 434,953
OPERATING EXPENSES        
Cost of operations, excluding depreciation and amortization 198,611 194,062 404,065 390,888
Depreciation and amortization 16,612 15,811 33,266 32,223
Loss on sale and disposal of equipment 453 441 408 441
Severance costs 177 173 380 340
Total operating expenses 215,853 210,487 438,119 423,892
INCOME FROM OPERATIONS 14,161 8,078 20,908 11,061
OTHER INCOME AND EXPENSES        
Interest expense 10,303 10,745 20,543 21,426
Meaningful use incentive 0 0 (250) (2,808)
Equity in earnings of joint ventures (2,994) (3,274) (4,922) (5,553)
Gain on sale of imaging centers (2,301) 0 (2,301) 0
Gain on return of common stock 0 (5,032) 0 (5,032)
Other expenses 7 4 10 6
Total other expenses 5,015 2,443 13,080 8,039
INCOME BEFORE INCOME TAXES 9,146 5,635 7,828 3,022
Provision for income taxes (3,523) (2,256) (3,065) (750)
NET INCOME 5,623 3,379 4,763 2,272
Net income (loss) attributable to noncontrolling interests 313 (243) 663 47
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 5,310 $ 3,622 $ 4,100 $ 2,225
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.11 $ 0.08 $ 0.09 $ 0.05
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS $ 0.11 $ 0.08 $ 0.09 $ 0.05
WEIGHTED AVERAGE SHARES OUTSTANDING - Basic 46,756,276 46,558,944 46,662,420 46,576,631
WEIGHTED AVERAGE SHARES OUTSTANDING - Diluted 47,195,898 46,882,383 47,068,563 46,960,226