EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2017

NOTE 15—EARNINGS PER SHARE

Earnings per share are based on the amount of income allocated to the shareholders and the weighted‑average number of shares outstanding during the period for each class of common stock. The Company’s outstanding options are not included in the calculation of diluted weighted-average shares outstanding for the periods presented as the effect is antidilutive.

Earnings related to periods prior to the reorganization and 144A Offering are attributable to the Predecessor. The following table presents the Company’s calculation of basic and diluted earnings per share for the three months ended March 31, 2017 and 2016 (dollars in thousands, except share and per share amounts):


	Three Months Ended March 31,
	2017		2016
Net loss		(12,280)		(25,793)
Less: Net loss attributable to Predecessor		—		25,337
Less: Net loss attributable to noncontrolling interests		8,108		456
Net loss attributable to Select Energy Services, Inc.	$	(4,172)	$	—
Allocation of net loss attributable to:
Class A-1 stockholders	$	(3,363)
Class A stockholders		(809)
Class B stockholders		—
	$	(4,172)
Weighted average shares outstanding:
Class A-1-Basic & Diluted		16,100,000
Class A-Basic & Diluted		3,870,194
Class B-Basic & Diluted		38,462,541
Net loss per share attributable to common stockholders:
Class A-1-Basic & Diluted	$	(0.21)
Class A-Basic & Diluted	$	(0.21)
Class B-Basic & Diluted	$	—