XML 27 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue      
Water solutions and related services $ 546,043 $ 241,455 $ 427,496
Accommodations and rentals 53,888 27,151 52,948
Wellsite completion and construction services 50,974 33,793 55,133
Oilfield chemical product sales 41,586    
Total revenue 692,491 302,399 535,577
Costs of revenue      
Water solutions and related services 411,215 200,399 332,411
Accommodations and rentals 41,885 22,019 37,957
Wellsite completion and construction services 42,942 29,089 48,356
Oilfield chemical product sales 37,024    
Depreciation and amortization 101,645 95,020 104,608
Total costs of revenue 634,711 346,527 523,332
Gross profit (loss) 57,780 (44,128) 12,245
Operating expenses      
Selling, general and administrative 82,403 34,643 56,548
Depreciation and amortization 1,804 2,087 3,104
Impairment of goodwill and other intangible assets   138,666 21,366
Impairment of property and equipment   60,026  
Lease abandonment costs 3,572 19,423  
Total operating expenses 87,779 254,845 81,018
Loss from operations (29,999) (298,973) (68,773)
Other income (expense)      
Interest expense, net (6,629) (16,128) (13,689)
Foreign currency gains, net 281    
Other income, net 369 629 893
Loss before tax expense (35,978) (314,472) (81,569)
Tax benefit (expense) 851 524 (324)
Net loss from continuing operations (35,127) (313,948) (81,893)
Net income from discontinued operations, net of tax     21
Net loss (35,127) (313,948) (81,872)
Less: net loss attributable to noncontrolling interests 18,311 6,424 981
Net loss attributable to Select Energy Services, Inc. (16,816) (1,043)  
Predecessor      
Other income (expense)      
Net loss   (306,481) (80,891)
Less: net loss attributable to noncontrolling interests   306,481 $ 80,891
Class A Common Stock      
Other income (expense)      
Net loss attributable to Select Energy Services, Inc. $ (12,560) $ (199)  
EARNINGS PER SHARE      
Weighted average shares outstanding: 24,612,853 3,802,972  
Net loss per share attributable to common stockholders: $ (0.51) $ (0.05)  
Class A-1 Common Stock      
Other income (expense)      
Net loss attributable to Select Energy Services, Inc. $ (3,691) $ (844)  
EARNINGS PER SHARE      
Weighted average shares outstanding: 7,233,973 16,100,000  
Net loss per share attributable to common stockholders: $ (0.51) $ (0.05)  
Class A-2 Common Stock      
Other income (expense)      
Net loss attributable to Select Energy Services, Inc. $ (565)    
EARNINGS PER SHARE      
Weighted average shares outstanding: 1,106,605    
Net loss per share attributable to common stockholders: $ (0.51)    
Class B Common Stock      
EARNINGS PER SHARE      
Weighted average shares outstanding: 38,768,156 38,462,541