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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2019
EARNINGS PER SHARE |
Summary of calculation of basic and diluted earnings per share | The following tables present the Company’s calculation of basic and diluted earnings per share for the Current and Prior Quarter and the Current and Prior Period (dollars in thousands, except share and per share amounts):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, 2019 | ​ | Three months ended June 30, 2018
​ | ​ | Select Energy Services, Inc. | ​ | Class A | ​ | Class A-2 | ​ | Class B | ​ | Select Energy Services, Inc. | ​ | Class A | ​ | Class A-2 | ​ | Class B
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 8,068 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 25,023 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to noncontrolling interests | ​ | ​ | (1,868) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (8,060) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to Select Energy Services, Inc. — basic | ​ | ​ | 6,200 | ​ | $ | 6,200 | ​ | $ | — | ​ | $ | — | ​ | ​ | 16,963 | ​ | $ | 16,963 | ​ | $ | — | ​ | $ | —
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock | ​ | ​ | 9 | ​ | ​ | 9 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6 | ​ | ​ | 6 | ​ | ​ | — | ​ | ​ | —
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options | ​ | ​ | 3 | ​ | ​ | 3 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 22 | ​ | ​ | 22 | ​ | ​ | — | ​ | ​ | —
Net income attributable to Select Energy Services, Inc. — diluted | ​ | $ | 6,212 | ​ | $ | 6,212 | ​ | $ | — | ​ | $ | — | ​ | $ | 16,991 | ​ | $ | 16,991 | ​ | $ | — | ​ | $ | —
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average shares of common stock outstanding — basic | ​ | ​ | ​ | ​ | ​ | 78,544,502 | ​ | ​ | — | ​ | ​ | 26,026,843 | ​ | ​ | ​ | ​ | ​ | 71,412,158 | ​ | ​ | — | ​ | ​ | 34,677,182
Dilutive effect of restricted stock | ​ | ​ | ​ | ​ | ​ | 471,542 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 71,969 | ​ | ​ | — | ​ | ​ | —
Dilutive effect of stock options | ​ | ​ | ​ | ​ | ​ | 150,889 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 261,582 | ​ | ​ | — | ​ | ​ | —
Dilutive effect of ESPP | ​ | ​ | ​ | ​ | ​ | 102 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 99 | ​ | ​ | — | ​ | ​ | —
Weighted-average shares of common stock outstanding — diluted | ​ | ​ | ​ | ​ | ​ | 79,167,035 | ​ | ​ | — | ​ | ​ | 26,026,843 | ​ | ​ | ​ | ​ | ​ | 71,745,808 | ​ | ​ | — | ​ | ​ | 34,677,182
Earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | ​ | ​ | $ | 0.08 | ​ | $ | — | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 0.24 | ​ | $ | — | ​ | $ | —
Diluted | ​ | ​ | ​ | ​ | $ | 0.08 | ​ | $ | — | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 0.24 | ​ | $ | — | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, 2019 | ​ | Six months ended June 30, 2018
​ | ​ | Select Energy Services, Inc. | ​ | Class A | ​ | Class A-2 | ​ | Class B | ​ | Select Energy Services, Inc. | ​ | Class A | ​ | Class A-2 | ​ | Class B
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 9,468 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 41,155 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to noncontrolling interests | ​ | ​ | (2,133) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (14,093) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to Select Energy Services, Inc. — basic | ​ | ​ | 7,335 | ​ | $ | 7,335 | ​ | $ | — | ​ | $ | — | ​ | ​ | 27,062 | ​ | $ | 25,784 | ​ | $ | 1,278 | ​ | $ | —
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock | ​ | ​ | 8 | ​ | ​ | 8 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 17 | ​ | ​ | 18 | ​ | ​ | (1) | ​ | ​ | —
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options | ​ | ​ | 2 | ​ | ​ | 2 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 49 | ​ | ​ | 53 | ​ | ​ | (4) | ​ | ​ | —
Net income attributable to Select Energy Services, Inc. — diluted | ​ | $ | 7,345 | ​ | $ | 7,345 | ​ | $ | — | ​ | $ | — | ​ | $ | 27,128 | ​ | $ | 25,855 | ​ | $ | 1,273 | ​ | $ | —
Denominator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted-average shares of common stock outstanding — basic | ​ | ​ | ​ | ​ | ​ | 78,533,761 | ​ | ​ | — | ​ | ​ | 26,026,843 | ​ | ​ | ​ | ​ | ​ | 65,270,048 | ​ | ​ | 3,235,746 | ​ | ​ | 37,488,964
Dilutive effect of restricted stock | ​ | ​ | ​ | ​ | ​ | 351,780 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 118,719 | ​ | ​ | — | ​ | ​ | —
Dilutive effect of stock options | ​ | ​ | ​ | ​ | ​ | 78,353 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 343,127 | ​ | ​ | — | ​ | ​ | —
Dilutive effect of ESPP | ​ | ​ | ​ | ​ | ​ | 195 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | ​ | ​ | 83 | ​ | ​ | — | ​ | ​ | —
Weighted-average shares of common stock outstanding — diluted | ​ | ​ | ​ | ​ | ​ | 78,964,089 | ​ | ​ | — | ​ | ​ | 26,026,843 | ​ | ​ | ​ | ​ | ​ | 65,731,977 | ​ | ​ | 3,235,746 | ​ | ​ | 37,488,964
Earnings per share: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic | ​ | ​ | ​ | ​ | $ | 0.09 | ​ | $ | — | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 0.40 | ​ | $ | 0.40 | ​ | $ | —
Diluted | ​ | ​ | ​ | ​ | $ | 0.09 | ​ | $ | — | ​ | $ | — | ​ | ​ | ​ | ​ | $ | 0.39 | ​ | $ | 0.39 | ​ | $ | —

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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