EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2019

EARNINGS PER SHARE

Summary of calculation of basic and diluted earnings per share

The following tables present the Company’s calculation of basic and diluted earnings per share for the Current and Prior Quarter and the Current and Prior Period (dollars in thousands, except share and per share amounts):

	Three months ended September 30, 2019								Three months ended September 30, 2018
	Select Energy								Select Energy
	Services, Inc.		Class A		Class A-2		Class B		Services, Inc.		Class A		Class A-2		Class B
Numerator:
Net income	$	7,172							$	31,267
Net income attributable to noncontrolling interests		(1,793)								(8,316)
Net income attributable to Select Energy Services, Inc. — basic		5,379	$	5,379	$	—	$	—		22,951	$	22,951	$	—	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock		7		7		—		—		4		4		—		—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options		1		1		—		—		15		15		—		—
Net income attributable to Select Energy Services, Inc. — diluted	$	5,387	$	5,387	$	—	$	—	$	22,970	$	22,970	$	—	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				79,468,991		—		24,513,654				78,896,373		—		27,239,419
Dilutive effect of restricted stock				339,911		—		—				55,858		—		—
Dilutive effect of stock options				28,575		—		—				188,179		—		—
Dilutive effect of ESPP				104		—		—				92		—		—
Weighted-average shares of common stock outstanding — diluted				79,837,581		—		24,513,654				79,140,502		—		27,239,419
Earnings per share:
Basic			$	0.07	$	—	$	—			$	0.29	$	—	$	—
Diluted			$	0.07	$	—	$	—			$	0.29	$	—	$	—

	Nine months ended September 30, 2019								Nine months ended September 30, 2018
	Select Energy								Select Energy
	Services, Inc.		Class A		Class A-2		Class B		Services, Inc.		Class A		Class A-2		Class B
Numerator:
Net income	$	16,640							$	72,421
Net income attributable to noncontrolling interests		(3,926)								(22,409)
Net income attributable to Select Energy Services, Inc. — basic		12,714	$	12,714	$	—	$	—		50,012	$	48,523	$	1,489	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock		15		15		—		—		8		10		(2)		—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options		3		3		—		—		22		27		(5)		—
Net income attributable to Select Energy Services, Inc. — diluted	$	12,732	$	12,732	$	—	$	—	$	50,042	$	48,560	$	1,482	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				78,848,939		—		25,516,904				69,929,330		2,145,311		33,994,800
Dilutive effect of restricted stock				358,503		—		—				95,822		—		—
Dilutive effect of stock options				60,174		—		—				285,606		—		—
Dilutive effect of ESPP				299		—		—				94		—		—
Weighted-average shares of common stock outstanding — diluted				79,267,915		—		25,516,904				70,310,852		2,145,311		33,994,800
Earnings per share:
Basic			$	0.16	$	—	$	—			$	0.69	$	0.69	$	—
Diluted			$	0.16	$	—	$	—			$	0.69	$	0.69	$	—