Civeo (CVEO) 10-Q 31 Oct 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 24, 2016
Document Information [Line Items]
Entity Registrant Name	Civeo Corp
Entity Central Index Key	1,590,584
Trading Symbol	cveo
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		108,098,786
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Service and other	$ 97,792	$ 101,258	$ 290,307	$ 398,241
Product	6,446	5,286	16,002	22,437
Total revenues	104,238	106,544	306,309	420,678
Costs and expenses:
Service and other costs	61,534	63,732	181,510	240,581
Product costs	6,430	6,019	16,983	21,505
Selling, general and administrative expenses	13,644	16,691	42,056	51,796
Depreciation and amortization expense	33,721	36,172	100,444	121,159
Total	37,729	110,715	46,129	122,926
Other operating expense (income)	138	(3,945)	356	(5,188)
Total costs and expenses	153,196	229,384	387,478	552,779
Operating loss	(48,958)	(122,840)	(81,169)	(132,101)
Interest expense to third-parties, net of capitalized interest	(6,072)	(6,022)	(16,941)	(17,879)
Loss on extinguishment of debt		(1,474)	(302)	(1,474)
Interest income	26	160	140	1,969
Other income	1,338	261	1,058	1,825
Loss before income taxes	(53,666)	(129,915)	(97,214)	(147,660)
Income tax benefit	11,697	22,745	17,217	27,451
Net loss	(41,969)	(107,170)	(79,997)	(120,209)
Less: Net income attributable to noncontrolling interest	162	515	442	953
Net loss attributable to Civeo Corporation.	$ (42,131)	$ (107,685)	$ (80,439)	$ (121,162)
Per Share Data (see Note 6)
Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ (0.39)	$ (1.01)	$ (0.75)	$ (1.14)
Diluted net loss per share attributable to Civeo Corporation common shareholders. (in dollars per share)	$ (0.39)	$ (1.01)	$ (0.75)	$ (1.14)
Weighted average number of common shares outstanding:
Basic (in shares)	107,118	106,661	106,989	106,583
Diluted. (in shares)	107,118	106,661	106,989	106,583

Unaudited Consolidated Stateme3

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net loss	$ (41,969)	$ (107,170)	$ (79,997)	$ (120,209)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of taxes of zero, zero, zero and $1.9 million, respectively	9,599	(79,262)	26,511	(171,985)
Total other comprehensive income (loss)	9,599	(79,262)	26,511	(171,985)
Comprehensive loss	(32,370)	(186,432)	(53,486)	(292,194)
Comprehensive income attributable to noncontrolling interest	(123)	(117)	(443)	(429)
Comprehensive loss attributable to Civeo Corporation.	$ (32,493)	$ (186,549)	$ (53,929)	$ (292,623)

Unaudited Consolidated Stateme4

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Foreign Currency Translation, Tax	$ 0	$ 0	$ 0	$ 1,900,000

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
CANADA | Common Shares, No Par Value [Member]
Shareholders’ Equity:
Common shares held in treasury at cost, 68,281 and zero shares, respectively	$ (65)
Cash and cash equivalents	2,530	7,837
Accounts receivable, net	68,478	61,467
Inventories	3,564	5,631
Prepaid expenses	9,487	11,712
Other current assets	6,334	3,312
Total current assets	90,393	89,959
Total property, plant and equipment, net	844,801	931,914
Other intangible assets, net	31,503	35,309
Other noncurrent assets	11,354	9,347
Total assets	978,051	1,066,529
Accounts payable	27,755	24,609
Accrued liabilities	16,161	14,834
Income taxes	56	1,104
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	15,819	17,461
Deferred revenue	10,265	7,747
Other current liabilities	212	493
Total current liabilities	70,268	66,248
Long-term debt, less current maturities	358,045	379,416
Deferred income taxes	2,582	25,391
Other noncurrent liabilities	32,402	31,704
Total liabilities	463,297	502,759
Common shares (no par value; 550,000,000 shares authorized, 108,167,067 shares and 107,470,861 shares issued, respectively, and 108,098,786 shares and 107,470,861 shares outstanding, respectively)
Additional paid-in capital	1,310,465	1,305,930
Accumulated deficit	(456,815)	(376,376)
Accumulated other comprehensive loss	(339,799)	(366,309)
Total Civeo Corporation shareholders’ equity	513,786	563,245
Noncontrolling interest	968	525
Total shareholders’ equity	514,754	563,770
Total liabilities and shareholders’ equity	$ 978,051	$ 1,066,529

Consolidated Balance Sheets (C6

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Common Shares, No Par Value [Member]
Treasury shares (in shares)	68,281	0
Common, par value (in dollars per share)	$ 0	$ 0
Common, authorized (in shares)	550,000,000	550,000,000
Common, issued (in shares)	108,167,067	107,470,861
Common, outstanding (in shares)	108,098,786	107,470,861

Unaudited Consolidated Stateme7

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2014	$ 1,067	$ 1,300,042	$ (244,617)		$ (198,491)	$ 2,108	$ 860,109
Net loss			(121,162)			953	(120,209)
Foreign currency translation adjustment, net of taxes of zero, zero, zero and $1.9 million, respectively					(171,461)	(524)	(171,985)
Dividends paid						(2,133)	(2,133)
Redomicile Transaction	(1,075)	929		$ 146
Share-based compensation	$ 8	3,957		(146)			3,819
Balance at Sep. 30, 2015		1,304,928	(365,779)		(369,952)	404	569,601
Balance at Dec. 31, 2015		1,305,930	(376,376)		(366,309)	525	563,770
Net loss			(80,439)			442	(79,997)
Foreign currency translation adjustment, net of taxes of zero, zero, zero and $1.9 million, respectively					26,510	1	26,511
Share-based compensation		4,535		(65)			4,470
Balance at Sep. 30, 2016		$ 1,310,465	$ (456,815)	$ (65)	$ (339,799)	$ 968	$ 514,754

Unaudited Consolidated Stateme8

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net loss	$ (79,997)	$ (120,209)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	100,444	121,159
Total	46,129	122,926
Inventory Write-down	850	1,015
Loss on extinguishment of debt	302	1,474
Deferred income tax benefit	(25,239)	(34,200)
Non-cash compensation charge	4,535	3,467
(Gain) loss on disposal of assets	259	(800)
Provision (benefit) for loss on receivables, net of recoveries	(74)	1,081
Other, net	2,546	1,032
Changes in operating assets and liabilities:
Accounts receivable	(2,920)	79,763
Inventories	1,484	5,556
Accounts payable and accrued liabilities	2,701	(5,094)
Taxes payable	4,832	1,652
Other current assets and liabilities, net	(7,062)	(3,889)
Net cash flows provided by operating activities	48,790	174,933
Cash flows from investing activities:
Capital expenditures, including capitalized interest	(15,246)	(43,701)
Proceeds from disposition of property, plant and equipment	4,465	2,255
Other, net	(761)
Net cash flows used in investing activities	(11,542)	(41,446)
Cash flows from financing activities:
Proceeds from issuance of common shares		500
Term loan borrowings		325,000
Term loan repayments	(37,107)	(725,000)
Revolving credit borrowings	230,323	244,480
Revolving credit repayments	(236,939)	(187,772)
Debt issuance costs	(2,037)	(4,555)
Net cash flows used in financing activities	(45,760)	(347,347)
Effect of exchange rate changes on cash	3,205	(36,819)
Net change in cash and cash equivalents	(5,307)	(250,679)
Cash and cash equivalents, beginning of period	7,837	263,314
Cash and cash equivalents, end of period	$ 2,530	$ 12,635

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of the Business We are one of the largest integrated providers of workforce accommodations, logistics and facility management services to the natural resource industry. Our scalable modular facilities provide long-term and temporary accommodations where traditional accommodations and related infrastructure is insufficient, inaccessible or not cost effective. Once facilities are deployed in the field, we also provide catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and redeployment logistics. Our accommodations support our customers’ employees and contractors in the Canadian oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications as well as disaster relief efforts, primarily in Canada, Australia and the United States. We operate in three principal reportable business segments – Canadian, Australian and U.S. On May 30, 2014, Oil States International, Inc. (Oil States) spun-off its Accommodations Segment (Accommodations) into a standalone, publicly traded Delaware corporation (Civeo US). In accordance with the Separation and Distribution Agreement, the two companies were separated by Oil States distributing to its stockholders all 106,538,044 shares of common stock of Civeo US it held after the market closed on May 30, 2014 (the Spin-Off). On July 17, 2015, we changed our place of incorporation, pursuant to which Civeo Corporation, a British Columbia, Canada limited company formerly named Civeo Canadian Holdings ULC (Civeo Canada), became the publicly traded parent company of the Civeo group of companies (the Redomicile Transaction). The Redomicile Transaction was effected pursuant to an Agreement and Plan of Merger, dated as of April 6, 2015, between Civeo US, Civeo US Merger Co, a Delaware corporation and wholly owned subsidiary of Civeo Canada (US Merger Co), and Civeo Canada. At the effective time of the merger, (i) US Merger Co was merged with Civeo US, with Civeo US surviving the merger as a wholly owned subsidiary of Civeo Canada, and (ii) each issued share of Civeo US common stock, other than those shares of Civeo US common stock held by Civeo US in treasury, was effectively transferred to Civeo Canada and converted into one common share, no par value, of Civeo Canada. An aggregate of approximately 107.5 million Civeo Canada common shares were issued at the effective time as merger consideration. The Civeo Canada common shares are listed on the NYSE under the symbol “CVEO,” the same symbol under which the Civeo US common stock traded prior to the effective time. Basis of Presentation Unless otherwise stated or the context otherwise indicates, all references in these consolidated financial statements to “Civeo,” “the Company,” “us,” “our” or “we” for the time periods prior to July 17, 2015 refer to Civeo US and its consolidated subsidiaries. For time periods after July 17, 2015, these terms refer to Civeo Canada and its consolidated subsidiaries. The accompanying unaudited consolidated financial statements of Civeo have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) has been condensed or omitted pursuant to these rules and regulations. The unaudited financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which the Company considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of the Company at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year. Certain reclassifications have been made to the December 31, 2015 consolidated balance sheet to conform to current year presentation. The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts may differ from those included in the accompanying consolidated financial statements. The financial statements included in this report should be read in conjunction with our audited financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2015.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	2. RECENT ACCOUNTING PRONOUNCEMENTS From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption. In June 2016, the FASB issued Accounting Standards Update (ASU) 2016-13, “Financial Instruments – Credit Losses” (ASU 2016-13). This new standard changes how companies will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016-13 is effective for financial statements issued for reporting periods beginning after December 15, 2019 and interim periods within the reporting periods. We are currently evaluating the impact of this new standard on our consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting” (ASU 2016-09). This new standard requires companies to recognize the income tax effects of awards in the income statement when the awards vest or are settled. ASU 2016-09 is effective for financial statements issued for reporting periods beginning after December 15, 2016 and interim periods within the reporting periods. We are currently evaluating the impact of this new standard on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which replaces the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize a lease liability and a right-of-use asset for all leases with terms longer than 12 months. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 and interim periods within the reporting periods. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of this new standard on our consolidated financial statements. In April 2015, the FASB issued ASU 2015-03 “Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs” (ASU 2015-03). ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that such costs be presented as a deduction from the corresponding debt liability. Effective with our quarterly report on Form 10-Q for the quarter ended March 31, 2016, we have adopted the provisions of ASU 2015-03. At December 31, 2015, as a result of our adoption of ASU 2015-03, we reclassified $4.7 million of debt issuance costs to reduce our recognized debt liabilities from other current assets ($1.3 million) and other non-current assets ($3.4 million) on the accompanying unaudited consolidated balance sheet. A portion of our debt issuance costs relate to revolving lines of credit and will accordingly continue to be included in “Other current assets” or “Other non-current assets”. In May 2014, the FASB issued ASU 2014-09 establishing Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers” (ASC 606). ASC 606 establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for those goods or services and requires significantly enhanced revenue disclosures. The standard is effective for annual reporting periods beginning after December 15, 2017. Accordingly, we plan to adopt this standard in the first quarter of 2018. ASC 606 allows either full retrospective or modified retrospective transition, and early adoption is not permitted. We continue to evaluate both the impact of this new standard on our consolidated financial statements and the transition method we will utilize for adoption.

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	3. FAIR VALUE MEASUREMENTS Our financial instruments consist of cash and cash equivalents, receivables, payables and debt instruments. We believe that the carrying values of these instruments on the accompanying consolidated balance sheets approximate their fair values. As of September 30, 2016 and December 31, 2015, we believe the carrying value of our floating-rate debt outstanding under our term loans and revolving credit facilities approximates their fair values because their terms include short-term interest rates and exclude penalties for prepayment. We estimated the fair value of our floating-rate term loan and revolving credit facilities using significant other observable inputs, representative of a Level 2 fair value measurement, including terms and credit spreads for these loans. During the first and third quarters of 2016 and the first, second and third quarters of 2015, we wrote down certain long-lived assets to their fair values. Our estimates of fair value required us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances that might directly impact each of the asset groups’ operations in the future and are therefore uncertain. These assumptions with respect to future circumstances included future oil, coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions. During the third quarter of 2016, our estimates of fair value of certain undeveloped land positions in British Columbia were based on appraisals from third parties. During the third quarter of 2015, we also wrote down our goodwill to its implied fair value (IFV). Our estimate of IFV required us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the reporting units’ operations in the future, and are therefore uncertain.

Note 4 - Details of Selected Ba

Note 4 - Details of Selected Balance Sheet Accounts	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	4. DETAILS OF SELECTED BALANCE SHEET ACCOUNTS Additional information regarding selected balance sheet accounts at September 30, 2016 and December 31, 2015 is presented below (in thousands): September 30, 2016 December 31, 201 5 Accounts receivable, net: Trade $ 47,600 $ 44,650 Unbilled revenue 20,575 16,649 Other 1,059 1,289 Total accounts receivable 69,234 62,588 Allowance for doubtful accounts (756 ) (1,121 ) Total accounts receivable, net $ 68,478 $ 61,467 September 30, 2016 December 31, 201 5 Inventories: Finished goods and purchased products $ 1,911 $ 1,854 Work in process 56 1,260 Raw materials 1,597 2,517 Total inventories $ 3,564 $ 5,631 During the third quarter of 2016, we recorded a $0.9 million write-down of inventory at our modular construction and manufacturing plant in Canada, which is included in Cost of sales in our accompanying unaudited consolidated statements of operations. Estimated Useful Life (in years) September 30, 2016 December 31, 201 5 Property, plant and equipment, net: Land $ 43,085 $ 47,825 Accommodations assets 3 - 15 1,592,789 1,482,842 Buildings and leasehold improvements 3 - 20 28,434 29,099 Machinery and equipment 4 - 15 9,672 9,183 Office furniture and equipment 3 - 7 30,953 29,172 Vehicles 3 - 5 15,379 15,412 Construction in progress 34,376 52,558 Total property, plant and equipment 1,754,688 1,666,091 Accumulated depreciation (909,887 ) (734,177 ) Total property, plant and equipment, net $ 844,801 $ 931,914 September 30, 2016 December 31, 201 5 Accrued liabilities: Accrued compensation $ 9,663 $ 11,726 Accrued taxes, other than income taxes 4,631 963 Accrued interest 18 12 Other 1,849 2,133 Total accrued liabilities $ 16,161 $ 14,834

Note 5 - Impairment Charges

Note 5 - Impairment Charges	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Asset Impairment Charges [Text Block]	5. IMPAIRMENT CHARGES 2016 Impairment Charges The following summarizes pre-tax impairment charges recorded during the nine month period ended September 30, 2016, which are included in Impairment expense in our accompanying unaudited consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended March 31, 2016 Long-lived assets $ -- $ -- $ 8,400 $ 8,400 Quarter ended September 30, 2016 Long-lived assets 37,729 -- -- 37,729 Total $ 37,729 $ -- $ 8,400 $ 46,129 Quarter ended September 30, 2016. As a result of the analysis described above, we recorded an impairment expense of $37.7 million associated with our mobile camp assets in Canada and undeveloped land positions in the British Columbia LNG market. Quarter ended March 31, 2016. 2015 Impairment Charges The following summarizes pre-tax impairment charges recorded during the nine month period ended September 30, 2015 which are included in Impairment expense in our accompanying unaudited consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended March 31, 2015 Long-lived assets $ -- $ -- $ 2,738 $ 2,738 Quarter ended June 30, 2015 Long-lived assets -- 9,473 -- 9,473 Quarter ended September 30, 2015 Goodwill 43,194 -- -- 43,194 Long-lived assets 23,041 23,980 18,040 65,061 Intangible assets -- -- 2,460 2,460 Total $ 66,235 $ 33,453 $ 23,238 $ 122,926 Quarter ended September 30, 2015 . Due to the sustained reduction of our share price throughout 2015, our market capitalization implied an enterprise value which was significantly less than the sum of the estimated fair values of our reporting units. As a result of our market capitalization at September 30, 2015, coupled with (1) the continued depression of worldwide oil prices, including the substantial declines experienced in the third quarter of 2015, and (2) continued weakness in the Canadian dollar in the third quarter of 2015, we determined that an indicator of a goodwill impairment was present as of September 30, 2015. Accordingly, as a result of then-current macroeconomic conditions, we performed an interim goodwill impairment test as of September 30, 2015, and we reduced the value of our goodwill in our Canadian reporting unit to zero. This resulted in an impairment charge in the third quarter of 2015 which totaled $43.2 million. Furthermore, due to the goodwill impairment in our Canadian segment, we determined all asset groups within this segment had experienced a triggering event indicating that the carrying values might not be recoverable. Accordingly, we compared the carrying value of each asset group to estimates of the undiscounted cash flows for such asset group. Based on the assessment, carrying values of certain asset groups were determined to be unrecoverable, and we proceeded to compare the fair value of those asset groups to their respective carrying values. Accordingly, we recorded an impairment loss of $11.1 million related to long-lived assets in our Canadian segment. These fixed assets were written down to their fair value of $12.6 million. Additionally, also due to the sustained reduction of our share price throughout 2015, we reviewed the long-lived assets in our U.S. and Australia reportable segments to determine if an indicator of impairment had occurred that would indicate that the carrying values of the asset groups in these segments might not be recoverable. We determined that certain asset groups within the U.S. and Australia segments had experienced an indicator of impairment, and thus compared the carrying value of the respective asset group to estimates of the undiscounted future cash flows for such asset group. Based on the assessment, the carrying values of three of our asset groups were determined to not be recoverable, and we proceeded to compare the fair value of the asset groups to their carrying value. Accordingly, we recorded an impairment loss of $20.5 million related to our U.S. segment. Of the $20.5 million impairment, $18.0 million reduced the value of our fixed assets and $2.5 million reduced the value of our amortizable intangible assets. These fixed assets were written down to their fair value of $9.5 million. In addition, we recorded an impairment loss of $24.0 million related to our Australian segment that reduced the value of our fixed assets. These fixed assets were written down to their fair value of $10.3 million. Finally, during the third quarter of 2015, we identified assets in our Canadian segment that should have been impaired in the fourth quarter of 2014. We determined that the error was not material to our financial statements for the year ended December 31, 2014 and therefore corrected the error in the third quarter of 2015. This resulted in an additional impairment expense of $11.9 million. Quarter ended June 30, 2015 . During the second quarter of 2015, we recorded an impairment expense of $9.5 million, resulting from the impairment of fixed assets in a village located in Western Australia, due to the continued downturn in gold mining activity and lack of contract renewals. These fixed assets were written down to their fair value of $0.1 million. We assessed the carrying value of the asset group to determine if it continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying value was determined to not be recoverable. Quarter ended March 31, 2015.

Note 6 - Earnings Per Share

Note 6 - Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	6. EARNINGS PER SHARE The calculation of earnings per share attributable to the Company is presented below for the periods indicated (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 2016 201 5 2016 201 5 Basic Loss per Share Net loss attributable to Civeo $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - basic $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Weighted average common shares outstanding - basic 107,118 106,661 106,989 106,583 Basic loss per share $ (0.39 ) $ (1.01 ) $ (0.75 ) $ (1.14 ) Diluted Loss per Share Net loss attributable to Civeo’s common shareholders - basic $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - diluted $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Weighted average common shares outstanding - basic 107,118 106,661 106,989 106,583 Effect of dilutive securities -- -- -- -- Weighted average common shares outstanding - diluted 107,118 106,661 106,989 106,583 Diluted loss per share $ (0.39 ) $ (1.01 ) $ (0.75 ) $ (1.14 )

Note 7 - Debt

Note 7 - Debt	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Debt Disclosure [Text Block]	7. DEBT As of September 30, 2016 and December 31, 2015, long-term debt consisted of the following (in thousands): September 30, 2016 December 31, 2015 U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016 $ 24,375 $ 49,375 Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter beginning December 31, 2015; weighted average interest rate of 3.9% for the nine month period ended September 30, 2016 304,713 300,165 U.S. revolving credit facility, which matures on May 28, 2019, with available commitments up to $50.0 million; weighted average interest rate of 5.6% for the nine month period ended September 30, 2016 4,600 -- Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; weighted average interest rate of 4.1% for the nine month period ended September 30, 2016 30,496 52,020 Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; weighted average interest rate of 4.8% for the nine month period ended September 30, 2016 3,431 -- Australian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; weighted average interest rate of 5.3% for the nine month period ended September 30, 2016 10,731 -- 378,346 401,560 Less: Unamortized debt issuance costs 4,482 4,683 Total debt 373,864 396,877 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 15,819 17,461 Long-term debt, less current maturities $ 358,045 $ 379,416 Interest expense on the accompanying unaudited consolidated statements of operations is net of capitalized interest of zero and $0.5 million for the three month periods ended September 30, 2016 and 2015, respectively. Interest expense on the accompanying unaudited consolidated statements of income is net of capitalized interest of zero and $1.2 million for the nine months ended September 30, 2016 and 2015, respectively. Amended Credit Facility As of December 31, 2015, our revolving credit facility consisted of (i) a $375.0 million, 5-year revolving credit facility allocated as follows: (A) a $50.0 million senior secured revolving credit facility in favor of Civeo, as borrower, (B) a $100.0 million senior secured revolving credit facility in favor of certain of our Canadian subsidiaries, as borrowers, (C) a $125.0 million senior secured revolving credit facility in favor of certain of our Canadian subsidiaries, as borrowers, and (D) a $100.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower, and (ii) a $375.0 million, 5-year term loan facility in favor of Civeo (collectively, the Amended Credit Facility). On February 18, 2016, the second amendment to the Amended Credit Facility became effective, which provided for the following: ● Civeo Management LLC, an indirect wholly owned subsidiary of the Company, became a co-borrower under the US$50.0 million U.S. revolving credit facility under the Amended Credit Facility; ● The partial prepayment of the U.S. term loan under the Amended Credit Facility in the aggregate principal amount of US$25.0 million and the reduction by US$25.0 million of the aggregate revolving loan commitments under the Canadian revolving credit facility under the Amended Credit Facility to a maximum principal amount of US$100.0 million; ● (i) Increased the interest rate margin by 0.25% when the leverage ratio is less than 1.50x (by removing the lowest level in the leverage-based interest rate margin grid), (ii) established two additional levels to the total leverage-based grid such that the interest rates for the loans range from LIBOR +2.25% to LIBOR +5.00% and (iii) increased the undrawn commitment fee from a range of 0.45% to 0.90% to a range of 0.51% to 1.13% based on total leverage; ● Adjusted the maximum leverage ratio financial covenant, as follows: Period Ended Maximum Leverage Ratio December 31, 2015 4.00 : 1.00 March 31, 2016 4.25 : 1.00 June 30, 2016 5.25 : 1.00 September 30, 2016 5.50 : 1.00 December 31, 2016 5.50 : 1.00 March 31, 2017 5.25 : 1.00 June 30, 2017 5.25 : 1.00 September 30, 2017 5.00 : 1.00 December 31, 2017 5.00 : 1.00 March 31, 2018 4.75 : 1.00 June 30, 2018 3.75 : 1.00 September 30, 2018 & thereafter 3.50 : 1.00 ● Included a provision for a mandatory prepayment of the revolving credit facilities under the Amended Credit Facility in the event the Company and its subsidiaries hold an aggregate amount of cash exceeding US$40.0 million for a period of more than three consecutive business days, such mandatory prepayment to be made within two business days in an amount equal to the lesser of (a) an amount sufficient to reduce the aggregate amount of cash and permitted investments on hand at the Company and its subsidiaries to less than US$40.0 million or (b) an amount sufficient to repay all of the outstanding commitments under the revolving credit facilities under the Amended Credit Facility; and ● Other technical changes and amendments to the Amended Credit Facility. As a result of the second amendment, we recognized a loss during the first quarter of 2016 of approximately $0.3 million related to unamortized debt issuance costs, which is included in “Loss on extinguishment of debt” on the accompanying unaudited consolidated statements of operations. U.S. dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to LIBOR plus a margin of 2.25% to 5.00%, or a base rate plus 1.25% to 4.00%, in each case based on a ratio of our total leverage to EBITDA (as defined in the Amended Credit Facility). Canadian dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to CDOR plus a margin of 2.25% to 5.00%, or a base rate plus a margin of 1.25% to 4.00%, in each case based on a ratio of our consolidated total leverage to EBITDA (as defined in the Amended Credit Facility). Australian dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to BBSY plus a margin of 2.25% to 5.00%, based on a ratio of our consolidated total leverage to EBITDA (as defined in the Amended Credit Facility). The Amended Credit Facility contains customary affirmative and negative covenants that, among other things, limit or restrict (i) subsidiary indebtedness, liens and fundamental changes, (ii) asset sales, (iii) margin stock, (iv) specified acquisitions, (v) restrictive agreements, (vi) transactions with affiliates and (vii) investments and other restricted payments, including dividends and other distributions. Specifically, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA (as defined in the Amended Credit Facility) to consolidated interest expense, of at least 3.0 to 1.0 and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of no greater than 5.50 to 1.0 (as of September 30, 2016). As noted above, the permitted maximum leverage ratio changes over time. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Facility. EBITDA and consolidated interest, as defined, exclude goodwill and asset impairments, debt discount amortization and other non-cash charges. We were in compliance with these covenants as of September 30, 2016. We have 15 lenders in our Amended Credit Facility with commitments ranging from $1.2 million to $135.7 million.

Note 8 - Income Taxes

Note 8 - Income Taxes	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. IN COME TAXES The Company’s operations are conducted through its various subsidiaries in a number of countries throughout the world. The Company has provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned. For the three and nine months ended September 30, 2016, and portions of the three and nine months ended September 30, 2015, Civeo Canada is the public parent registered under the laws of British Columbia, Canada. Prior to the Company’s migration to Canada on July 17, 2015, Civeo US, a Delaware corporation, was the public parent registered in the U.S. We operate primarily in three jurisdictions, Canada , Australia and the U.S., where statutory tax rates range from 27% to 35%. Our effective tax rate will vary period to period based on changes in earnings mix between these different jurisdictions. We compute our quarterly taxes under the effective tax rate method by applying an anticipated annual effective rate to our year-to-date income, except for significant unusual or extraordinary transactions. As Australia and the U.S. are now loss jurisdictions for tax accounting purposes, Australia and the U.S. have been removed from the annual effective tax rate computation for purposes of computing the interim tax provision. Income taxes for significant and unusual or extraordinary transactions are computed and recorded in the period that the specific transaction occurs. Our income tax benefit for the nine months ended September 30, 2016 totaled $17.2 million, or 17.7% of pretax loss, compared to a benefit of $27.5 million, or 18.6% of pretax loss, for the nine months ended September 30, 2015. As noted above, our effective tax rate in 2016 was lower than the Canadian statutory rate of 27% primarily due to the exclusion of Australia and U.S. for purposes of computing the interim tax provision. For the nine months ended September 30, 2015, our income tax rate of 18.6% was lower than the Canadian statutory rate in part due to the exclusion of the U.S. for purposes of computing the interim tax provision. In addition, the rate was impacted by the following items: (i) an income tax expense of approximately $10 million related to unrecognized tax benefits; (ii) an income tax expense of approximately $12 million resulting from the impairment of goodwill not deductible for tax purposes; and (iii) an income tax expense of approximately $2.7 million related to an increase in statutory tax rates in Alberta, Canada included in our 2015 tax benefit. Finally, during the third quarter of 2015, management determined that, based on evidence available as of September 30, 2015, it was not more likely than not that the U.S. net operating loss would be realized. This evidence was largely comprised of the reversal of the U.S. jurisdiction from a net deferred tax liability as of December 31, 2014 to a net deferred tax asset as of September 30, 2015. Deferred tax assets generated in 2015 were realized to the extent of the net deferred tax liabilities as of December 31, 2014, resulting in a tax benefit of approximately $20 million. A valuation allowance was recorded discretely in the third quarter on the remaining deferred tax assets generated in 2015, with the result of no further tax benefit from the U.S. pretax losses. Our income tax benefit for the three months ended September 30, 2016 totaled $11.7 million, or 21.8% of pretax loss, compared to a benefit of $22.7 million, or 17.5% of pretax loss, for the three months ended September 30, 2015. Our three month effective rates for 2016 and 2015 were lower than the Canadian statutory rates of 27% primarily due to the reasons identified above for the nine month periods.

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. COMMITMENTS AND CONTINGENCIES We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on us, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by insurance, will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.

Note 10 - Accumulated Other Com

Note 10 - Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	10. ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss decreased $26.5 million from $366.3 million at December 31, 2015 to $339.8 million at September 30, 2016, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the first nine months of 2016 were primarily driven by the Australian dollar and Canadian dollar increasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately C$0.2 billion and A$0.5 billion, respectively, at September 30, 2016.

Note 11 - Share Based Compensat

Note 11 - Share Based Compensation	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	11. S HARE BASED COMPENSATION Our employees and non-employee directors participate in the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation (the Civeo Plan). The Civeo Plan authorizes the Board of Directors to grant options, awards of restricted shares, performance awards, dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors. No more than 14.0 million Civeo common shares may be awarded under the Civeo Plan. Upon effectiveness of the Redomicile Transaction, Civeo Canada assumed the Civeo US employee equity plans and related award agreements, including all options and awards issued or granted under such plans, as well as certain Civeo US benefit plans and agreements. Outstanding Awards Options. 0.1 million, which is expected to be recognized over a weighted average period of 1.1 years. Restricted S hare / Deferred Share Awards. Compensation expense associated with restricted share awards and deferred share awards recognized in the three month periods ended September 30, 2016 and 2015 totaled $1.0 million and $1.1 million, respectively. Compensation expense associated with restricted share awards and deferred share awards recognized in the nine month periods ended September 30, 2016 and 2015 totaled $3.0 million and $3.2 million, respectively. The total fair value of restricted share awards and deferred share awards that vested during each of the three months ended September 30, 2016 and 2015 was de minimis. The total fair value of restricted share awards and deferred share awards that vested during the nine months ended September 30, 2016 and 2015 was $0.6 million and $0.9 million, respectively. At September 30, 2016, unrecognized compensation cost related to restricted share awards and deferred share awards was $5.4 million, which is expected to be recognized over a weighted average period of 1.8 years. Phantom Share Awards . During both the three month periods ended September 30, 2016 and 2015, we recognized a de minims amount of compensation expense associated with phantom shares. During the nine month periods ended September 30, 2016 and 2015, we recognized compensation expense associated with phantom shares totaling $1.8 million and $0.8 million, respectively. At September 30, 2016, unrecognized compensation cost related to phantom shares was $6.0 million, as remeasured at September 30, 2016, which is expected to be recognized over a weighted average period of 2.3 years. Performance Awards . During the three month periods ended September 30, 2016 and 2015, we recognized compensation expense associated with performance awards totaling $ 0.5 million and zero, respectively. During the nine month periods ended September 30, 2016 and 2015, we recognized compensation expense associated with performance awards totaling $1.4 million and zero, respectively. At September 30, 2016, unrecognized compensation cost related to performance shares was $4.9 million, which is expected to be recognized over a weighted average period of 2.6 years.

Note 12 - Segment and Related I

Note 12 - Segment and Related Information	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	12. SEGMENT AND RELATED INFORMATION In accordance with current accounting standards regarding disclosures about segments of an enterprise and related information, we have identified the following reportable segments: Canada, Australia and U.S., which represent our strategic focus on workforce accommodations. Financial information by business segment for each of the three and nine months ended September 30, 2016 and 2015 is summarized in the following table (in thousands): Total Revenues Less: Intersegment Revenues Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Capital expenditures Total assets Three months ended September 30 , 201 6 Canada $ 73,539 $ -- $ 73,539 $ 20,702 $ (44,742 ) $ 1,085 $ 576,945 Australia 27,679 -- 27,679 11,736 (1,918 ) 2,132 409,982 United States 3,020 -- 3,020 1,274 (3,271 ) -- 31,926 Corporate and eliminations -- -- -- 9 973 2,136 (40,802 ) Total $ 104,238 $ -- $ 104,238 $ 33,721 $ (48,958 ) $ 5,353 $ 978,051 Three months ended September 30 , 201 5 Canada $ 71,500 $ -- $ 71,500 $ 20,573 $ (70,909 ) $ 13,390 $ 616,675 Australia 29,177 -- 29,177 12,166 (25,995 ) 3,135 416,033 United States 5,867 -- 5,867 3,296 (24,916 ) 918 84,111 Corporate and eliminations -- -- -- 137 (1,020 ) 2,156 982 Total $ 106,544 $ -- $ 106,544 $ 36,172 $ (122,840 ) $ 19,599 $ 1,117,801 Nine months ended September 30 , 201 6 Canada $ 216,168 $ -- $ 216,168 $ 62,494 $ (53,758 ) $ 2,578 $ 576,945 Australia 80,694 -- 80,694 34,348 (4,454 ) 3,833 409,982 United States 9,447 -- 9,447 4,462 (20,662 ) -- 31,926 Corporate and eliminations -- -- -- (860 ) (2,295 ) 8,835 (40,802 ) Total $ 306,309 $ -- $ 306,309 $ 100,444 $ (81,169 ) $ 15,246 $ 978,051 Nine months ended September 30 , 201 5 Canada $ 278,472 $ -- $ 278,472 $ 70,548 $ (62,609 ) $ 28,956 $ 616,675 Australia 109,304 -- 109,304 39,878 (24,150 ) 8,270 416,033 United States 35,298 (2,396 ) 32,902 10,370 (33,611 ) 2,164 84,111 Corporate and eliminations (2,396 ) 2,396 -- 363 (11,731 ) 4,311 982 Total $ 420,678 $ -- $ 420,678 $ 121,159 $ (132,101 ) $ 43,701 $ 1,117,801

Note 4 - Details of Selected 21

Note 4 - Details of Selected Balance Sheet Accounts (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2016 December 31, 201 5 Accounts receivable, net: Trade $ 47,600 $ 44,650 Unbilled revenue 20,575 16,649 Other 1,059 1,289 Total accounts receivable 69,234 62,588 Allowance for doubtful accounts (756 ) (1,121 ) Total accounts receivable, net $ 68,478 $ 61,467
Schedule of Inventory, Current [Table Text Block]	September 30, 2016 December 31, 201 5 Inventories: Finished goods and purchased products $ 1,911 $ 1,854 Work in process 56 1,260 Raw materials 1,597 2,517 Total inventories $ 3,564 $ 5,631
Property, Plant and Equipment [Table Text Block]	Estimated Useful Life (in years) September 30, 2016 December 31, 201 5 Property, plant and equipment, net: Land $ 43,085 $ 47,825 Accommodations assets 3 - 15 1,592,789 1,482,842 Buildings and leasehold improvements 3 - 20 28,434 29,099 Machinery and equipment 4 - 15 9,672 9,183 Office furniture and equipment 3 - 7 30,953 29,172 Vehicles 3 - 5 15,379 15,412 Construction in progress 34,376 52,558 Total property, plant and equipment 1,754,688 1,666,091 Accumulated depreciation (909,887 ) (734,177 ) Total property, plant and equipment, net $ 844,801 $ 931,914
Schedule of Accrued Liabilities [Table Text Block]	September 30, 2016 December 31, 201 5 Accrued liabilities: Accrued compensation $ 9,663 $ 11,726 Accrued taxes, other than income taxes 4,631 963 Accrued interest 18 12 Other 1,849 2,133 Total accrued liabilities $ 16,161 $ 14,834

Note 5 - Impairment Charges (Ta

Note 5 - Impairment Charges (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Asset Impairment Charges [Table Text Block]	Canada Australia U.S. Total Quarter ended March 31, 2016 Long-lived assets $ -- $ -- $ 8,400 $ 8,400 Quarter ended September 30, 2016 Long-lived assets 37,729 -- -- 37,729 Total $ 37,729 $ -- $ 8,400 $ 46,129 Canada Australia U.S. Total Quarter ended March 31, 2015 Long-lived assets $ -- $ -- $ 2,738 $ 2,738 Quarter ended June 30, 2015 Long-lived assets -- 9,473 -- 9,473 Quarter ended September 30, 2015 Goodwill 43,194 -- -- 43,194 Long-lived assets 23,041 23,980 18,040 65,061 Intangible assets -- -- 2,460 2,460 Total $ 66,235 $ 33,453 $ 23,238 $ 122,926

Note 6 - Earnings Per Share (Ta

Note 6 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 2016 201 5 2016 201 5 Basic Loss per Share Net loss attributable to Civeo $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - basic $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Weighted average common shares outstanding - basic 107,118 106,661 106,989 106,583 Basic loss per share $ (0.39 ) $ (1.01 ) $ (0.75 ) $ (1.14 ) Diluted Loss per Share Net loss attributable to Civeo’s common shareholders - basic $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - diluted $ (42,131 ) $ (107,685 ) $ (80,439 ) $ (121,162 ) Weighted average common shares outstanding - basic 107,118 106,661 106,989 106,583 Effect of dilutive securities -- -- -- -- Weighted average common shares outstanding - diluted 107,118 106,661 106,989 106,583 Diluted loss per share $ (0.39 ) $ (1.01 ) $ (0.75 ) $ (1.14 )

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2016 December 31, 2015 U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016 $ 24,375 $ 49,375 Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter beginning December 31, 2015; weighted average interest rate of 3.9% for the nine month period ended September 30, 2016 304,713 300,165 U.S. revolving credit facility, which matures on May 28, 2019, with available commitments up to $50.0 million; weighted average interest rate of 5.6% for the nine month period ended September 30, 2016 4,600 -- Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; weighted average interest rate of 4.1% for the nine month period ended September 30, 2016 30,496 52,020 Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; weighted average interest rate of 4.8% for the nine month period ended September 30, 2016 3,431 -- Australian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; weighted average interest rate of 5.3% for the nine month period ended September 30, 2016 10,731 -- 378,346 401,560 Less: Unamortized debt issuance costs 4,482 4,683 Total debt 373,864 396,877 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 15,819 17,461 Long-term debt, less current maturities $ 358,045 $ 379,416
Schedule Of Changes In Maximum Leverage Ratio [Table Text Block]	Period Ended Maximum Leverage Ratio December 31, 2015 4.00 : 1.00 March 31, 2016 4.25 : 1.00 June 30, 2016 5.25 : 1.00 September 30, 2016 5.50 : 1.00 December 31, 2016 5.50 : 1.00 March 31, 2017 5.25 : 1.00 June 30, 2017 5.25 : 1.00 September 30, 2017 5.00 : 1.00 December 31, 2017 5.00 : 1.00 March 31, 2018 4.75 : 1.00 June 30, 2018 3.75 : 1.00 September 30, 2018 & thereafter 3.50 : 1.00

Note 12 - Segment and Related25

Note 12 - Segment and Related Information (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Total Revenues Less: Intersegment Revenues Revenues from unaffiliated customers Depreciation and amortization Operating income (loss) Capital expenditures Total assets Three months ended September 30 , 201 6 Canada $ 73,539 $ -- $ 73,539 $ 20,702 $ (44,742 ) $ 1,085 $ 576,945 Australia 27,679 -- 27,679 11,736 (1,918 ) 2,132 409,982 United States 3,020 -- 3,020 1,274 (3,271 ) -- 31,926 Corporate and eliminations -- -- -- 9 973 2,136 (40,802 ) Total $ 104,238 $ -- $ 104,238 $ 33,721 $ (48,958 ) $ 5,353 $ 978,051 Three months ended September 30 , 201 5 Canada $ 71,500 $ -- $ 71,500 $ 20,573 $ (70,909 ) $ 13,390 $ 616,675 Australia 29,177 -- 29,177 12,166 (25,995 ) 3,135 416,033 United States 5,867 -- 5,867 3,296 (24,916 ) 918 84,111 Corporate and eliminations -- -- -- 137 (1,020 ) 2,156 982 Total $ 106,544 $ -- $ 106,544 $ 36,172 $ (122,840 ) $ 19,599 $ 1,117,801 Nine months ended September 30 , 201 6 Canada $ 216,168 $ -- $ 216,168 $ 62,494 $ (53,758 ) $ 2,578 $ 576,945 Australia 80,694 -- 80,694 34,348 (4,454 ) 3,833 409,982 United States 9,447 -- 9,447 4,462 (20,662 ) -- 31,926 Corporate and eliminations -- -- -- (860 ) (2,295 ) 8,835 (40,802 ) Total $ 306,309 $ -- $ 306,309 $ 100,444 $ (81,169 ) $ 15,246 $ 978,051 Nine months ended September 30 , 201 5 Canada $ 278,472 $ -- $ 278,472 $ 70,548 $ (62,609 ) $ 28,956 $ 616,675 Australia 109,304 -- 109,304 39,878 (24,150 ) 8,270 416,033 United States 35,298 (2,396 ) 32,902 10,370 (33,611 ) 2,164 84,111 Corporate and eliminations (2,396 ) 2,396 -- 363 (11,731 ) 4,311 982 Total $ 420,678 $ -- $ 420,678 $ 121,159 $ (132,101 ) $ 43,701 $ 1,117,801

Note 1 - Description of Busin26

Note 1 - Description of Business and Basis of Presentation (Details Textual)	Jul. 17, 2015shares	May 30, 2014shares	Sep. 30, 2016
Spinoff [Member]
Stock Issued During Period, Shares, New Issues		106,538,044
Civeo Canada [Member]
Common Stock Conversion Ratio	1
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued	107,500,000
Number of Reportable Segments			3
Number of Companies Separated in Spin-off		2

Note 2 - Recent Accounting Pr27

Note 2 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Other Current Assets [Member]
Unamortized Debt Issuance Expense		$ (1,300)
Other Noncurrent Assets [Member]
Unamortized Debt Issuance Expense		(3,400)
Unamortized Debt Issuance Expense	$ 4,482	$ 4,683

Note 4 - Details of Selected 28

Note 4 - Details of Selected Balance Sheet Accounts (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015
Cost of Sales [Member] | Canadian Segment [Member]
Inventory Write-down	$ 900
Inventory Write-down		$ 850	$ 1,015

Note 4 - Details of Selected 29

Note 4 - Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	$ 47,600	$ 44,650
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	20,575	16,649
Other Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	1,059	1,289
Accounts Receivable, Gross, Current	69,234	62,588
Allowance for doubtful accounts	(756)	(1,121)
Total accounts receivable, net	$ 68,478	$ 61,467

Note 4 - Details of Selected 30

Note 4 - Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Inventories:
Finished goods and purchased products	$ 1,911	$ 1,854
Work in process	56	1,260
Raw materials	1,597	2,517
Total inventories	$ 3,564	$ 5,631

Note 4 - Details of Selected 31

Note 4 - Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Land [Member]
Property, Plant, and Equipment, Gross	$ 43,085	$ 47,825
Accommodations Assets [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Accommodations Assets [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life	15 years
Accommodations Assets [Member]
Property, Plant, and Equipment, Gross	$ 1,592,789	1,482,842
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life	20 years
Building and Building Improvements [Member]
Property, Plant, and Equipment, Gross	$ 28,434	29,099
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life	4 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life	15 years
Machinery and Equipment [Member]
Property, Plant, and Equipment, Gross	$ 9,672	9,183
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life	7 years
Furniture and Fixtures [Member]
Property, Plant, and Equipment, Gross	$ 30,953	29,172
Vehicles [Member] | Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Vehicles [Member] | Maximum [Member]
Property, Plant, and Equipment, Useful Life	5 years
Vehicles [Member]
Property, Plant, and Equipment, Gross	$ 15,379	15,412
Construction in Progress [Member]
Property, Plant, and Equipment, Gross	34,376	52,558
Property, Plant, and Equipment, Gross	1,754,688	1,666,091
Accumulated depreciation	(909,887)	(734,177)
Total property, plant and equipment, net	$ 844,801	$ 931,914

Note 4 - Details of Selected 32

Note 4 - Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Accrued liabilities:
Accrued compensation	$ 9,663	$ 11,726
Accrued taxes, other than income taxes	4,631	963
Accrued interest	18	12
Other	1,849	2,133
Total accrued liabilities	$ 16,161	$ 14,834

Note 5 - Impairment Charges (De

Note 5 - Impairment Charges (Details Textual) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
Canadian Segment [Member] | Mobile Camp Assets [Member]
Property, Plant, and Equipment, Fair Value Disclosure	$ 26,600,000						$ 26,600,000
Canadian Segment [Member] | Undeveloped Land Positions [Member]
Property, Plant, and Equipment, Fair Value Disclosure	5,600,000						5,600,000
Canadian Segment [Member] | Impaired Long-lived Asset with Impairment Not Due to an Error Correction [Member]
Property, Plant, and Equipment, Fair Value Disclosure				$ 12,600,000				$ 12,600,000
Impairment of Long-Lived Assets Held-for-use				11,100,000
Canadian Segment [Member] | Asset Impairment Fourth Quarter of 2014 [Member]
Impairment of Long-Lived Assets Held-for-use				11,900,000
Canadian Segment [Member]
Asset Impairment Charges	37,700,000						37,729,000	66,235,000
Impairment of Long-Lived Assets Held-for-use	37,729,000			23,041,000
Goodwill				0				0
Goodwill, Impairment Loss				43,194,000
Impairment of Intangible Assets, Finite-lived
US Segment [Member]
Property, Plant, and Equipment, Fair Value Disclosure			3,800,000	9,500,000				9,500,000
Asset Impairment Charges				20,500,000
Impairment of Long-Lived Assets Held-for-use			8,400,000	18,000,000
Impairment of Intangible Assets, Finite-lived				2,500,000
Australian Segment [Member]
Property, Plant, and Equipment, Fair Value Disclosure		$ 100,000		10,300,000				10,300,000
Asset Impairment Charges								33,453,000
Impairment of Long-Lived Assets Held-for-use		$ 9,500,000		23,980,000	9,473,000
Goodwill, Impairment Loss
Impairment of Intangible Assets, Finite-lived
Johnstown Facility [Member]
Disposal Group, Including Discontinued Operation, Assets, Current						8,700,000
Impairment of Long-Lived Assets to be Disposed of						2,700,000
Inventory Write-down						1,100,000
Asset Impairment Charges	37,729,000			110,715,000			46,129,000	122,926,000
Impairment of Long-Lived Assets Held-for-use	$ 37,729,000		$ 8,400,000	65,061,000	$ 9,473,000	$ 2,738,000
Goodwill, Impairment Loss				43,194,000
Impairment of Intangible Assets, Finite-lived				$ 2,460,000
Inventory Write-down							$ 850,000	$ 1,015,000

Note 5 - Impairment Charges - S

Note 5 - Impairment Charges - Summary of Pre-tax Impairment Charges Included in Impairment Expense (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
Canadian Segment [Member]
Long-lived assets	$ 37,729,000			$ 23,041,000
Total	37,700,000						$ 37,729,000	$ 66,235,000
Goodwill				43,194,000
Intangible assets
Australian Segment [Member]
Long-lived assets		$ 9,500,000		23,980,000	9,473,000
Total								33,453,000
Goodwill
Intangible assets
US Segment and Other [Member]
Long-lived assets			8,400,000	18,040,000		2,738,000
Total							8,400,000	23,238,000
Goodwill
Intangible assets				2,460,000
Long-lived assets	37,729,000		$ 8,400,000	65,061,000	$ 9,473,000	$ 2,738,000
Total	$ 37,729,000			110,715,000			$ 46,129,000	$ 122,926,000
Goodwill				43,194,000
Intangible assets				$ 2,460,000

Note 6 - Earnings Per Share - C

Note 6 - Earnings Per Share - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Basic Loss per Share
Net loss attributable to Civeo	$ (42,131)	$ (107,685)	$ (80,439)	$ (121,162)
Less: undistributed net income to participating securities
Net loss attributable to Civeo’s common shareholders - basic	$ (42,131)	$ (107,685)	$ (80,439)	$ (121,162)
Weighted average common shares outstanding - basic (in shares)	107,118	106,661	106,989	106,583
Basic loss per share (in dollars per share)	$ (0.39)	$ (1.01)	$ (0.75)	$ (1.14)
Diluted Loss per Share
Net loss attributable to Civeo’s common shareholders - basic	$ (42,131)	$ (107,685)	$ (80,439)	$ (121,162)
Less: undistributed net income to participating securities
Net loss attributable to Civeo’s common shareholders - diluted	$ (42,131)	$ (107,685)	$ (80,439)	$ (121,162)
Weighted average common shares outstanding - basic (in shares)	107,118	106,661	106,989	106,583
Effect of dilutive securities (in shares)
Weighted average common shares outstanding - diluted (in shares)	107,118	106,661	106,989	106,583
Diluted loss per share (in dollars per share)	$ (0.39)	$ (1.01)	$ (0.75)	$ (1.14)

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual)	Feb. 18, 2016USD ($)	Feb. 17, 2016	Sep. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 375,000,000
Debt Instrument, Term								5 years
U.S. Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 50,000,000
Canadian Credit Facility [Member] | Second Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000
Line of Credit Facility, Increase (Decrease), Net	(25,000,000)
Canadian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity								100,000,000
Canadian Credit Facility 2 [Member]
Line of Credit Facility, Maximum Borrowing Capacity								125,000,000
Australian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 100,000,000
US Revolving Credit Facility [Member] | Second Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	50,000,000
US Term Loan [Member] | Second Amended Credit Facility [Member]
Repayment of Principal Provided	$ 25,000,000
US Term Loan [Member]
Debt Instrument, Term								5 years
Debt Instrument, Face Amount								$ 375,000,000
Line of Credit [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.00%
Line of Credit [Member] | Maximum [Member] | Base Rate [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.00%
Line of Credit [Member] | Maximum [Member] | Base Rate [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.00%
Line of Credit [Member] | Maximum [Member] | Canadian Dealer Offered Rate (CDOR) [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.00%
Line of Credit [Member] | Maximum [Member] | Bank Bill Swap Bid Rate (BBSY) [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.00%
Line of Credit [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] | Minimum [Member] | Base Rate [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] | Minimum [Member] | Base Rate [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] | Minimum [Member] | Canadian Dealer Offered Rate (CDOR) [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] | Minimum [Member] | Bank Bill Swap Bid Rate (BBSY) [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Second Amended Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Second Amended Credit Facility [Member] | Maximum [Member]
Leverage Ratio	1.5
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.13%	0.90%
Second Amended Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Second Amended Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%	0.45%
Second Amended Credit Facility [Member]
Debt Instrument, Interest Rate, Increase (Decrease)	0.25%
Maximum Holding Cash Amount for Three Business Days	$ 40,000,000
Gain (Loss) on Extinguishment of Debt				$ 300,000
Maximum [Member]
Lender Commitments, Within Credit Agreement			$ 135,700,000			$ 135,700,000
Minimum [Member]
Lender Commitments, Within Credit Agreement			1,200,000			1,200,000
Interest Costs Capitalized			0		$ 500,000	$ 0	$ 1,200,000
Leverage Ratio						5.5
Gain (Loss) on Extinguishment of Debt					$ (1,474,000)	$ (302,000)	$ (1,474,000)
Interest Coverage Ratio	3
Number of Lenders			15			15

Note 7 - Debt - Long-term Debt

Note 7 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
USA Term Loan [Member]
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016	$ 24,375	$ 49,375
Canadian Term Loan [Member]
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016	304,713	300,165
US Revolving Credit Facility [Member]
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016	4,600
Canadian Credit Facility 1 [Member]
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016	30,496	52,020
Canadian Credit Facility 2 [Member]
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016	3,431
Australian Credit Facility [Member]
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.7% for the nine month period ended September 30, 2016	10,731
Total Debt	378,346	401,560
Less: Unamortized debt issuance costs	4,482	4,683
Total debt	373,864	396,877
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	15,819	17,461
Long-term debt, less current maturities	$ 358,045	$ 379,416

Note 7 - Debt - Long-term Deb38

Note 7 - Debt - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Canadian Term Loan [Member]
Term loan, matures	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	3.90%
Term loan, interest rate	1.25%	1.25%
US Revolving Credit Facility [Member]
Term loan, matures	May 28, 2019
Available commitments	$ 50
Line of credit facility, interest rate	5.60%
Canadian Credit Facility 1 [Member]
Term loan, matures	May 28, 2019	May 28, 2019
Available commitments	$ 100	$ 100
Line of credit facility, interest rate	4.10%
Canadian Credit Facility 2 [Member]
Term loan, matures	May 28, 2019
Available commitments	$ 100
Line of credit facility, interest rate	4.80%
Australian Credit Facility [Member]
Term loan, matures	May 28, 2019
Term loan, interest rate	5.30%
Available commitments	$ 100

Note 7 - Debt - Changes to Maxi

Note 7 - Debt - Changes to Maximum Leverage Ratio (Details)	Feb. 18, 2016	Sep. 30, 2016
As of December 31, 2015 [Member]
Maximum Leverage Ratio	4
March 31, 2016 [Member]
Maximum Leverage Ratio	4.25
June 30, 2016 [Member]
Maximum Leverage Ratio	5.25
September 30, 2016 [Member]
Maximum Leverage Ratio	5.5
December 31, 2016 [Member]
Maximum Leverage Ratio	5.5
March 31, 2017 [Member]
Maximum Leverage Ratio	5.25
June 30, 2017 [Member]
Maximum Leverage Ratio	5.25
September 30, 2017 [Member]
Maximum Leverage Ratio	5
December 31, 2017 [Member]
Maximum Leverage Ratio	5
March 31, 2018 [Member]
Maximum Leverage Ratio	4.75
June 30, 2018 [Member]
Maximum Leverage Ratio	3.75
September 30, 2018 & Thereafter [Member]
Maximum Leverage Ratio	3.5
Maximum Leverage Ratio		5.5

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Minimum [Member]
Statutory Tax Rate, Foreign and Domestic	27.00%		27.00%
Maximum [Member]
Statutory Tax Rate, Foreign and Domestic	35.00%		35.00%
Income Tax Expense (Benefit)	$ (11,697)	$ (22,745)	$ (17,217)	$ (27,451)
Effective Income Tax Rate Reconciliation, Percent	21.80%	17.50%	17.70%	18.60%
Effective Income Tax Rate Reconciliation, Tax Contingency, Amount				$ 10,000
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Amount				12,000
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount				$ 2,700
Income Tax Expense (Benefit), Realization of Net Operating Loss		$ (20,000)

Note 10 - Accumulated Other C41

Note 10 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands, CAD in Billions, AUD in Billions	Sep. 30, 2016CAD	Sep. 30, 2016AUD	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax			$ 26,500
Accumulated Other Comprehensive Income (Loss), Net of Tax			$ (339,799)	$ (366,309)
Translation Adjustment Functional to Reporting Currency, Net of Tax	CAD 0.2	AUD 0.5

Note 11 - Share Based Compens42

Note 11 - Share Based Compensation (Details Textual)	May 12, 2016$ / sharesshares	Feb. 23, 2016shares	Sep. 30, 2016USD ($)shares	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)shares	Sep. 30, 2015USD ($)
Civeo Plan [Member] | Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares		231,934
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Civeo Plan [Member] | Restricted Stock [Member] | Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	401,070
Civeo Plan [Member] | Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares		2,917,130
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Civeo Plan [Member] | Performance Shares [Member] | Minimum [Member]
Target Performance Share Award, Percentage		0.00%
Civeo Plan [Member] | Performance Shares [Member] | Maximum [Member]
Target Performance Share Award, Percentage		200.00%
Civeo Plan [Member] | Performance Shares [Member]
Allocated Share-based Compensation Expense			$ 500,000	$ 0	$ 1,400,000	$ 0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			4,900,000		$ 4,900,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					2 years 219 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares		2,400,606
Peer Group, Number of Companies		12
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	$ 3.18
Canadian Long-Term Incentive Plan [Member] | Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares		3,099,194
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Restricted Stock and Deferred Stock Awards [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 292 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					$ 600,000	900,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options			5,400,000		5,400,000
Restricted Stock [Member]
Allocated Share-based Compensation Expense			1,000,000	1,100,000	3,000,000	3,200,000
Phantom Share Units (PSUs) [Member]
Allocated Share-based Compensation Expense					1,800,000	800,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 6,000,000		$ 6,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					2 years 109 days
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares			14,000,000		14,000,000
Allocated Share-based Compensation Expense			$ 0	$ 100,000	$ 100,000	$ 200,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 100,000		$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 36 days

Note 12 - Segment and Related43

Note 12 - Segment and Related Information - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Canadian Segment [Member] | Operating Segments [Member]
Total Revenues	$ 73,539	$ 71,500	$ 216,168	$ 278,472
Canadian Segment [Member] | Intersegment Eliminations [Member]
Total Revenues
Canadian Segment [Member]
Total Revenues	73,539	71,500	216,168	278,472
Depreciation and amortization	20,702	20,573	62,494	70,548
Operating income (loss)	(44,742)	(70,909)	(53,758)	(62,609)
Capital expenditures	1,085	13,390	2,578	28,956
Total assets	576,945	616,675	576,945	616,675
Depreciation and amortization	(20,702)	(20,573)	(62,494)	(70,548)
Australian Segment [Member] | Operating Segments [Member]
Total Revenues	27,679	29,177	80,694	109,304
Australian Segment [Member] | Intersegment Eliminations [Member]
Total Revenues
Australian Segment [Member]
Total Revenues	27,679	29,177	80,694	109,304
Depreciation and amortization	11,736	12,166	34,348	39,878
Operating income (loss)	(1,918)	(25,995)	(4,454)	(24,150)
Capital expenditures	2,132	3,135	3,833	8,270
Total assets	409,982	416,033	409,982	416,033
Depreciation and amortization	(11,736)	(12,166)	(34,348)	(39,878)
US Segment [Member] | Operating Segments [Member]
Total Revenues	3,020	5,867	9,447	35,298
US Segment [Member] | Intersegment Eliminations [Member]
Total Revenues				(2,396)
US Segment [Member]
Total Revenues	3,020	5,867	9,447	32,902
Depreciation and amortization	1,274	3,296	4,462	10,370
Operating income (loss)	(3,271)	(24,916)	(20,662)	(33,611)
Capital expenditures		918		2,164
Total assets	31,926	84,111	31,926	84,111
Depreciation and amortization	(1,274)	(3,296)	(4,462)	(10,370)
Corporate and Other [Member] | Operating Segments [Member]
Total Revenues				(2,396)
Corporate and Other [Member] | Intersegment Eliminations [Member]
Total Revenues				2,396
Corporate and Other [Member]
Total Revenues
Depreciation and amortization	(9)	137	860	363
Operating income (loss)	973	(1,020)	(2,295)	(11,731)
Capital expenditures	2,136	2,156	8,835	4,311
Total assets	(40,802)	982	(40,802)	982
Depreciation and amortization	9	(137)	(860)	(363)
Operating Segments [Member]
Total Revenues	104,238	106,544
Intersegment Eliminations [Member]
Total Revenues
Total Revenues	104,238	106,544	306,309	420,678
Depreciation and amortization	33,721	36,172	100,444	121,159
Operating income (loss)	(48,958)	(122,840)	(81,169)	(132,101)
Capital expenditures	5,353	19,599	15,246	43,701
Total assets	978,051	1,117,801	978,051	1,117,801	$ 1,066,529
Depreciation and amortization	$ (33,721)	$ (36,172)	$ (100,444)	$ (121,159)