NONCONTROLLING INTERESTS

6 Months Ended

Jun. 30, 2020

NONCONTROLLING INTERESTS

NONCONTROLLING INTERESTS

NOTE 15—NONCONTROLLING INTERESTS

The Company’s noncontrolling interests fall into two categories as follows:

● Noncontrolling interests attributable to joint ventures formed for water-related services.

● Noncontrolling interests attributable to holders of Class B Common Stock.

	As of		As of
	June 30, 2020		December 31, 2019
	(in thousands)
Noncontrolling interests attributable to joint ventures formed for water-related services	$	1,960	$	2,674
Noncontrolling interests attributable to holders of Class B Common Stock		119,205		172,961
Total noncontrolling interests	$	121,165	$	175,635

For all periods presented, there were no changes to Select’s ownership interest in joint ventures formed for water-related services, with the exception of a divestiture of a 50% owned joint venture that eliminated $0.1 million of noncontrolling interest. Additionally, during the Current Quarter and Prior Quarter, there were changes in Select’s ownership interest in SES Holdings LLC. The effects of the changes in Select’s ownership interest in SES Holdings LLC is as follows:

	For the six months ended June 30,
	2020		2019
	(in thousands)
Net (loss) income attributable to Select Energy Services, Inc.	$	(290,160)	$	7,335
Transfers (to) from noncontrolling interests:
Increase in additional paid-in capital as a result of restricted stock issuance, net of forfeitures		1,911		3,540
Increase in additional paid-in capital as a result of issuance of common stock due to vesting of restricted stock units		1		4
Decrease in additional paid-in capital as a result of the repurchase of SES Holdings LLC Units		(1,405)		(25)
Increase in additional paid-in capital as a result of the Employee Stock Purchase Plan shares issued		4		2
Change to equity from net (loss) income attributable to Select Energy Services, Inc. and transfers from noncontrolling interests	$	(289,649)	$	10,856