Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of basic and diluted earnings per share

The following table summarizes the basic and diluted earnings per share calculations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Numerator:
Net income attributable to Cactus Inc.—basic	$	27,144	$	10,393	$	47,760	$	21,952
Net income attributable to non-controlling interest (1)	6,759		3,332		11,779		6,091
Net income attributable to Cactus Inc.—diluted (1)	$	33,903	$	13,725	$	59,539	$	28,043
Denominator:
Weighted average Class A shares outstanding—basic	60,523		55,048		59,909		52,124
Effect of dilutive shares	15,799		20,949		16,353		23,831
Weighted average Class A shares outstanding—diluted	76,322		75,997		76,262		75,955
Earnings per Class A share—basic	$	0.45	$	0.19	$	0.80	$	0.42
Earnings per Class A share—diluted (1)	$	0.44	$	0.18	$	0.78	$	0.37

(1)The numerator is adjusted in the calculation of diluted earnings per share under the if-converted method to include net income attributable to the non-controlling interest calculated as its pre-tax income adjusted for a corporate effective tax rate of 25.0% for the three and six months ended June 30, 2022 and 28.0% for the three and six months ended June 30, 2021.