Subsequent Events

3 Months Ended

Mar. 31, 2019

Subsequent Events

Subsequent Events [Text Block]

15.   Subsequent Events

In April 2019, certain CW Unit Holders redeemed 0.4 million CW Units pursuant to the Redemption Right, together with a corresponding number of shares of the Class B common stock of the Company, par value $0.01 per share. The Company acquired the redeemed CW Units and a corresponding number of shares of Class B Common Stock (which shares of Class B common stock were then canceled) and issued 0.4 million shares of Class A common stock to the CW Unit Holders. Pursuant to the TRA, these CW Units redeemed will create additional liability and follow the same accounting procedures described in Note 2.

In April 2019, Cactus LLC distributed $5.8 million to Cactus Inc. to fund a portion of its expected 2019 TRA liability payments and made pro-rata distributions to its other members totaling $3.6 million.