(LOSS) EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

(LOSS) EARNINGS PER SHARE

(LOSS) EARNINGS PER SHARE

NOTE 16—(LOSS) EARNINGS PER SHARE

(Loss) earnings per share are based on the amount of (loss) income allocated to the stockholders and the weighted-average number of shares outstanding during the period for each class of common stock. Outstanding options to purchase 3,542,939, 2,972,967, 3,542,939 and 2,976,537 shares of Class A Common Stock are not included in the calculation of diluted weighted-average shares outstanding for the Current Quarter, Prior Quarter, Current Period and Prior Period, respectively, as the effect is antidilutive.

The following tables present the Company’s calculation of basic and diluted (loss) 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 June 30, 2020						Three months ended June 30, 2019
	Select Energy						Select Energy
	Services, Inc.		Class A		Class B		Services, Inc.		Class A		Class B
Numerator:
Net (loss) income	$	(53,044)					$	8,068
Net loss (income) attributable to noncontrolling interests		8,746						(1,868)
Net (loss) income attributable to Select Energy Services, Inc. — basic		(44,298)	$	(44,298)	$	—		6,200	$	6,200	$	—
Add: Reallocation of net loss (income) attributable to noncontrolling interests for the dilutive effect of restricted stock		—		—		—		9		9		—
Add: Reallocation of net loss (income) attributable to noncontrolling interests for the dilutive effect of stock options		—		—		—		3		3		—
Net (loss) income attributable to Select Energy Services, Inc. — diluted	$	(44,298)	$	(44,298)	$	—	$	6,212	$	6,212	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				84,937,043		16,221,101				78,544,502		26,026,843
Dilutive effect of restricted stock				—		—				471,542		—
Dilutive effect of stock options				—		—				150,889		—
Dilutive effect of ESPP				—		—				102		—
Weighted-average shares of common stock outstanding — diluted				84,937,043		16,221,101				79,167,035		26,026,843
(Loss) earnings per share:
Basic			$	(0.52)	$	—			$	0.08	$	—
Diluted			$	(0.52)	$	—			$	0.08	$	—

	Six months ended June 30, 2020						Six months ended June 30, 2019
	Select Energy						Select Energy
	Services, Inc.		Class A		Class B		Services, Inc.		Class A		Class B
Numerator:
Net (loss) income	$	(344,264)					$	9,468
Net loss (income) attributable to noncontrolling interests		54,104						(2,133)
Net (loss) income attributable to Select Energy Services, Inc. — basic		(290,160)	$	(290,160)	$	—		7,335	$	7,335	$	—
Add: Reallocation of net loss (income) attributable to noncontrolling interests for the dilutive effect of restricted stock		—		—		—		8		8		—
Add: Reallocation of net loss (income) attributable to noncontrolling interests for the dilutive effect of stock options		—		—		—		2		2		—
Net (loss) income attributable to Select Energy Services, Inc. — diluted	$	(290,160)	$	(290,160)	$	—	$	7,345	$	7,345	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				85,520,935		16,221,101				78,533,761		26,026,843
Dilutive effect of restricted stock				—		—				351,780		—
Dilutive effect of stock options				—		—				78,353		—
Dilutive effect of ESPP				—		—				195		—
Weighted-average shares of common stock outstanding — diluted				85,520,935		16,221,101				78,964,089		26,026,843
(Loss) earnings per share:
Basic			$	(3.39)	$	—			$	0.09	$	—
Diluted			$	(3.39)	$	—			$	0.09	$	—