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INCOME PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

INCOME 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 years ended December 31, 2024, 2023 and 2022 (dollars in thousands, except share and per share amounts):

​	​	​	​	​	​	​	​	​	​
​	​	Year ended December 31, 2024
​	​	​		​	​	​	​	​	​
​		Select Water Solutions, Inc.			Class A			Class B
Numerator:	​	​	​	​	​	​	​	​	​
Net income	​	$	35,450	​	​	​	​	​	​
Net income attributable to noncontrolling interests	​	​	(4,806)	​	​	​	​	​	​
Net income attributable to Select Water Solutions, Inc. — basic	​	$	30,644	​	$	30,644	​	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock	​	​	62	​	​	62	​	​	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance units	​	​	67	​	​	67	​	​	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options	​	​	6	​	​	6	​	​	—
Net income attributable to Select Water Solutions, Inc. — diluted	​	$	30,779	​	$	30,779	​	$	—
Denominator:	​	​	​	​	​	​	​	​	​
Weighted-average shares of common stock outstanding — basic	​	​	​	​	​	99,986,771	​	​	16,221,101
Dilutive effect of restricted stock	​	​	​	​	​	1,020,415	​	​	—
Dilutive effect of performance share units	​	​	​	​	​	1,093,901	​	​	—
Dilutive effect of stock options	​	​	​	​	​	93,236	​	​	—
Weighted-average shares of common stock outstanding — diluted	​	​	​	​	​	102,194,323	​	​	16,221,101
Income per share:	​	​	​	​	​	​	​	​	​
Basic	​	​	​	​	$	0.31	​	$	—
Diluted	​	​	​	​	$	0.30	​	$	—

​

​	​	​	​	​	​	​	​	​	​
​	​	Year ended December 31, 2023
​	​	Select Water Solutions, Inc.		​	Class A		​	Class B
Numerator:	​	​	​	​	​	​	​	​	​
Net income	​	$	79,219	​	​	​	​	​	​
Net income attributable to noncontrolling interests	​	​	(4,816)	​	​	​	​	​	​
Net income attributable to Select Water Solutions, Inc. — basic	​	$	74,403	​	$	74,403	​	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock	​	​	94	​	​	94	​	​	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance units	​	​	43	​	​	43	​	​	—
Net income attributable to Select Water Solutions, Inc. — diluted	​	$	74,540	​	$	74,540	​	$	—
Denominator:	​	​	​	​	​	​	​	​	​
Weighted-average shares of common stock outstanding — basic	​	​	​	​	​	101,393,822	​	​	16,221,101
Dilutive effect of restricted stock	​	​	​	​	​	1,355,499	​	​	—
Dilutive effect of performance share units	​	​	​	​	​	615,865	​	​	—
Weighted-average shares of common stock outstanding — diluted	​	​	​	​	​	103,365,186	​	​	16,221,101
Income per share:	​	​	​	​	​	​	​	​	​
Basic	​	​	​	​	$	0.73	​	$	—
Diluted	​	​	​	​	$	0.72	​	$	—

​

​	​	​	​	​	​	​	​	​	​
​	​	Year ended December 31, 2022
​	​	Select Water Solutions, Inc.		​	Class A		​	Class B
Numerator:	​	​	​	​	​	​	​	​	​
Net income	​	$	54,854	​	​	​	​	​	​
Net income attributable to noncontrolling interests	​	​	(6,576)	​	​	​	​	​	​
Net income attributable to Select Water Solutions, Inc. — basic	​	$	48,278	​	$	48,278	​	$	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock	​	​	31	​	​	31	​	​	—
Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance share units	​	​	26	​	​	26	​	​	—
Net income attributable to Select Water Solutions, Inc. — diluted	​	$	48,335	​	$	48,335	​	$	—
Denominator:	​	​	​	​	​	​	​	​	​
Weighted-average shares of common stock outstanding — basic	​	​	​	​	​	95,214,033	​	​	16,221,101
Dilutive effect of restricted stock	​	​	​	​	​	416,671	​	​	—
Dilutive effect of performance share units	​	​	​	​	​	357,626	​	​	—
Dilutive effect of ESPP	​	​	​	​	​	349	​	​	—
Weighted-average shares of common stock outstanding — diluted	​	​	​	​	​	95,988,679	​	​	16,221,101
Income per share:	​	​	​	​	​	​	​	​	​
Basic	​	​	​	​	$	0.51	​	$	—
Diluted	​	​	​	​	$	0.50	​	$	—

​

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- References

No definition available.

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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://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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