Net Income per Share (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Earnings Per Share, Basic and Diluted

The following table reflects the allocation of net (loss) income to common stockholders and net (loss) income per share computations for the periods indicated based on a weighted average number of common stock outstanding:


	Three Months Ended						Six Months Ended
(In thousands)	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Basic Net (Loss) Income Per Share
Numerator:
Net (loss) income attributable to Liberty Oilfield Services Inc. stockholders	$	(45,771)	$	22,032	$	(44,051)	$	40,153
Denominator:
Basic weighted average common shares outstanding	83,292		68,404		82,472		67,918
Basic net (loss) income per share attributable to Liberty Oilfield Services Inc. stockholders	$	(0.55)	$	0.32	$	(0.53)	$	0.59
Diluted Net (Loss) Income Per Share
Numerator:
Net (loss) income attributable to Liberty Oilfield Services Inc. stockholders	$	(45,771)	$	22,032	$	(44,051)	$	40,153
Effect of exchange of the shares of Class B Common Stock for shares of Class A Common Stock	—		13,992		—		25,825
Diluted net (loss) income attributable to Liberty Oilfield Services Inc. stockholders	$	(45,771)	$	36,024	$	(44,051)	$	65,978
Denominator:
Basic weighted average shares outstanding	83,292		68,404		82,472		67,918
Effect of dilutive securities:
Restricted stock	—		556		—		578
Restricted stock units	—		1,808		—		1,717
Class B Common Stock	—		43,570		—		44,064
Diluted weighted average shares outstanding	83,292		114,338		82,472		114,277
Diluted net (loss) income per share attributable to Liberty Oilfield Services Inc. stockholders	$	(0.55)	$	0.32	$	(0.53)	$	0.58