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NONCONTROLLING INTERESTS

12 Months Ended

Dec. 31, 2020

NONCONTROLLING INTERESTS

NONCONTROLLING INTERESTS

NOTE 16—NONCONTROLLING INTERESTS

The Company’s noncontrolling interests fall into two categories as follows:

● Noncontrolling interests attributable to joint ventures formed for water-related services.

● Noncontrolling interests attributable to holders of Class B Common Stock.

​

​	​	​	​	​	​
​	As of December 31
​	2020			2019
​	(in thousands)
Noncontrolling interests attributable to joint ventures formed for water-related services	$	2,002		$	2,674
Noncontrolling interests attributable to holders of Class B Common Stock	​	110,819			172,961
Total noncontrolling interests	$	112,821		$	175,635

​

During the years ended December 31, 2020 and 2019, the Company had divestitures of joint ventures that eliminated $0.2 million and $0.4 million of noncontrolling interest in 2020 and 2019, respectively. For all periods presented, there were no other changes to Select’s ownership interest in joint ventures formed for water-related services. However, during the years ended December 31, 2020, 2019 and 2018, there were changes in Select’s ownership interest in SES Holdings LLC. The effects of the changes in Select’s ownership interest in SES Holdings LLC are as follows:

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​	​	​	​	​	​	​	​	​	​	​
​	​	​	For the year ended December 31,
​		​	2020			2019			2018
​	​	​	(in thousands)
Net (loss) income attributable to Select Energy Services, Inc.	​	​	$	(338,684)		$	2,784		$	36,512
Transfers from (to) noncontrolling interests:	​	​	​	​			​			​
Increase in additional paid-in capital as a result of stock option exercises	​	​		—			54			374
Increase in additional paid-in capital as a result of restricted stock issuance, net of forfeitures	​	​		1,874			3,614			1,942
Increase in additional paid-in capital as a result of issuance of common stock due to vesting of restricted stock units	​	​	​	1	​	​	4	​	​	104
Decrease in additional paid-in capital as a result of the repurchase of SES Holdings LLC Units	​	​		(1,416)			(3,362)			(576)
Increase in additional paid-in capital as a result of exchanges of SES Holdings LLC Units (an equivalent number of shares of Class B Common Stock) for shares of Class A Common Stock	​	​	​	—	​	​	107,062	​	​	146,865
Increase in additional paid-in capital as a result of the Employee Stock Purchase Plan shares issued	​	​	​	7	​	​	42	​	​	15
Change to equity from net (loss) income attributable to Select Energy Services, Inc. and transfers from noncontrolling interests	​	​	$	(338,218)		$	110,198		$	185,236

​

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- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

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- References

No definition available.

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