Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Summary of Basic and Diluted Earnings Per Share

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

	Year Ended December 31,
	2022		2021		2020
Numerator:
Net income attributable to Cactus Inc.—basic	$	110,174	$	49,593	$	34,446
Net income attributable to non-controlling interest(1)	27,235		13,744		19,934
Net income attributable to Cactus Inc.—diluted(1)	$	137,409	$	63,337	$	54,380
Denominator:
Weighted average Class A shares outstanding—basic	60,323		55,398		47,457
Effect of dilutive shares	16,014		20,709		28,038
Weighted average Class A shares outstanding—diluted	76,337		76,107		75,495
Earnings per Class A share—basic	$	1.83	$	0.90	$	0.73
Earnings per Class A share—diluted(1)	$	1.80	$	0.83	$	0.72

(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%, 27.0% and 24.0% for the years ended December 31, 2022, 2021 and 2020, respectively.