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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Total revenues $ 108,893 $ 66,548 $ 193,310 $ 220,687
Costs and expenses        
Selling, general and administrative expenses 11,384 8,693 21,011 22,355
Severance expenses 0 857 0 1,864
Total costs and expenses 91,579 57,673 164,361 171,627
Income from operations 17,314 8,875 28,949 49,060
Interest income (expense), net (181) 223 (333) 633
Other income (expense), net (1,004) 1,310 (1,410) 1,310
Income before income taxes 16,129 10,408 27,206 51,003
Income tax expense (benefit) 1,355 1,313 (2,704) 8,810
Net income 14,774 9,095 29,910 42,193
Less: net income attributable to non-controlling interest 4,381 3,067 7,958 17,182
Net income attributable to Cactus Inc. $ 10,393 $ 6,028 $ 21,952 $ 25,011
Class A Common Stock        
Earnings per share and weighted average shares outstanding        
Earnings per Class A share - basic (in dollars per share) $ 0.19 $ 0.13 $ 0.42 $ 0.53
Earnings per Class A share - diluted (in dollars per share) $ 0.18 $ 0.11 $ 0.37 $ 0.51
Weighted average Class A shares outstanding - basic (in shares) 55,048 47,436 52,124 47,353
Weighted average Class A shares outstanding - diluted (in shares) 75,997 75,367 75,955 75,347
Product revenue        
Revenues        
Total revenues $ 70,345 $ 40,893 $ 122,301 $ 127,924
Costs and expenses        
Cost of revenue 48,100 25,962 84,621 82,097
Rental revenue        
Revenues        
Total revenues 14,644 11,535 27,133 47,698
Costs and expenses        
Cost of revenue 14,403 10,675 26,574 30,014
Field service and other revenue        
Revenues        
Total revenues 23,904 14,120 43,876 45,065
Costs and expenses        
Cost of revenue $ 17,692 $ 11,486 $ 32,155 $ 35,297