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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2017
EARNINGS PER SHARE  
Summary of calculation of basic and diluted earnings per share

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

 

$

 —