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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Total revenues $ 115,363 $ 59,789 $ 308,673 $ 280,476
Costs and expenses        
Selling, general and administrative expenses 12,149 8,384 33,160 30,739
Severance expenses 0 0 0 1,864
Total costs and expenses 94,597 47,233 258,958 218,860
Income from operations 20,766 12,556 49,715 61,616
Interest income (expense), net (299) 218 (632) 851
Other expense, net 0 (1,865) (1,410) (555)
Income before income taxes 20,467 10,909 47,673 61,912
Income tax expense 3,290 23 586 8,833
Net income 17,177 10,886 47,087 53,079
Less: net income attributable to non-controlling interest 4,560 4,653 12,518 21,835
Net income attributable to Cactus Inc. $ 12,617 $ 6,233 $ 34,569 $ 31,244
Class A Common Stock        
Earnings per share and weighted average shares outstanding        
Earnings per Class A share - basic (in dollars per share) $ 0.22 $ 0.13 $ 0.64 $ 0.66
Earnings per Class A share - diluted (in dollars per share) $ 0.21 $ 0.13 $ 0.58 $ 0.64
Weighted average Class A shares outstanding - basic (in shares) 58,248 47,510 54,188 47,406
Weighted average Class A shares outstanding - diluted (in shares) 76,082 75,622 76,045 75,427
Product revenue        
Revenues        
Total revenues $ 74,835 $ 35,857 $ 197,136 $ 163,781
Costs and expenses        
Cost of revenue 49,708 19,879 134,329 101,976
Rental revenue        
Revenues        
Total revenues 15,271 9,881 42,404 57,579
Costs and expenses        
Cost of revenue 13,250 9,647 39,824 39,661
Field service and other revenue        
Revenues        
Total revenues 25,257 14,051 69,133 59,116
Costs and expenses        
Cost of revenue $ 19,490 $ 9,323 $ 51,645 $ 44,620