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(LOSS) EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2020

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 years ended December 31, 2020, 2019 and 2018 (dollars in thousands, except share and per share amounts):


	Year ended December 31, 2020
	Select Energy
	Services, Inc.		Class A		Class B
Numerator:
Net loss	$	(401,732)
Net loss attributable to noncontrolling interests		63,048
Net loss income attributable to Select Energy Services, Inc. — basic	$	(338,684)	$	(338,684)	$	—
Net loss income attributable to Select Energy Services, Inc. — diluted	$	(338,684)	$	(338,684)	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				85,158,764		16,221,101
Weighted-average shares of common stock outstanding — diluted				85,158,764		16,221,101
Loss per share:
Basic			$	(3.98)	$	—
Diluted			$	(3.98)	$	—


	Year ended December 31, 2019
	Select Energy Services, Inc.		Class A		Class B
Numerator:
Net income	$	4,136
Net income attributable to noncontrolling interests		(1,352)
Net income attributable to Select Energy Services, Inc. — basic	$	2,784	$	2,784	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock		7		7		—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance share units		2		2
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options		1		1		—
Net loss attributable to Select Energy Services, Inc. — diluted	$	2,794	$	2,794	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				80,176,323		23,806,646
Dilutive effect of restricted stock				373,366		—
Dilutive effect of performance share units				80,979
Dilutive effect of stock options				40,215		—
Dilutive effect of ESPP				446		—
Weighted-average shares of common stock outstanding — diluted				80,671,329		23,806,646
Earnings per share:
Basic			$	0.03	$	—
Diluted			$	0.03	$	—


	Year ended December 31, 2018
	Select Energy Services, Inc.		Class A		Class A-2		Class B
Numerator:
Net loss	$	54,299
Net loss attributable to noncontrolling interests		(17,787)
Net loss attributable to Select Energy Services, Inc. — basic	$	36,512	$	35,720	$	792	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock		13		13		—		—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options		30		30		—		—
Net loss attributable to Select Energy Services, Inc. — diluted	$	36,555	$	35,763	$	792	$	—
Denominator:
Weighted-average shares of common stock outstanding — basic				72,403,318		1,604,575		31,986,438
Dilutive effect of restricted stock				71,718		—		—
Dilutive effect of stock options				166,999		—		—
Dilutive effect of ESPP				112		—		—
Weighted-average shares of common stock outstanding — diluted				72,642,147		1,604,575		31,986,438
Loss per share:
Basic			$	0.49	$	0.49	$	—
Diluted			$	0.49	$	0.49	$	—