| 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 (dollars in thousands, except share and per share amounts): | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2025 | | Three months ended March 31, 2024 | | | | | | | | | | | | | | | | | | | | Select Water Solutions, Inc. | | Class A | | Class B | | Select Water Solutions, Inc. | | Class A | | Class B | Numerator: | | | | | | | | | | | | | | | | | | | Net income | | $ | 9,560 | | | | | | | | $ | 3,875 | | | | | | | Net income attributable to noncontrolling interests | | | (1,321) | | | | | | | | | (250) | | | | | | | Net income attributable to Select Water Solutions, Inc. — basic | | $ | 8,239 | | $ | 8,239 | | $ | — | | $ | 3,625 | | $ | 3,625 | | $ | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of restricted stock | | | 18 | | | 18 | | | — | | | 8 | | | 8 | | | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of performance units | | | 18 | | | 18 | | | — | | | 7 | | | 7 | | | — | Add: Reallocation of net income attributable to noncontrolling interests for the dilutive effect of stock options | | | 1 | | | 1 | | | — | | | — | | | — | | | — | Net income attributable to Select Water Solutions, Inc. — diluted | | $ | 8,276 | | $ | 8,276 | | $ | — | | $ | 3,640 | | $ | 3,640 | | $ | — | Denominator: | | | | | | | | | | | | | | | | | | | Weighted-average shares of common stock outstanding — basic | | | | | | 100,790,931 | | | 16,221,101 | | | | | | 99,224,604 | | | 16,221,101 | Dilutive effect of restricted stock | | | | | | 1,226,432 | | | — | | | | | | 1,168,335 | | | — | Dilutive effect of performance share units | | | | | | 1,217,166 | | | — | | | | | | 980,125 | | | — | Dilutive effect of stock options | | | | | | 79,395 | | | — | | | | | | — | | | — | Weighted-average shares of common stock outstanding — diluted | | | | | | 103,313,924 | | | 16,221,101 | | | | | | 101,373,064 | | | 16,221,101 | Income per share: | | | | | | | | | | | | | | | | | | | Basic | | | | | $ | 0.08 | | $ | — | | | | | $ | 0.04 | | $ | — | Diluted | | | | | $ | 0.08 | | $ | — | | | | | $ | 0.04 | | $ | — |
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