Civeo (CVEO) 10-Q 26 Oct 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 23, 2017
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)		132,259,000
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues:
Service and other	$ 95,564	$ 97,792	$ 274,438	$ 290,307
Product	1,925	6,446	6,490	16,002
Total revenues	97,489	104,238	280,928	306,309
Costs and expenses:
Service and other costs	62,668	61,534	179,044	181,510
Product costs	2,859	6,430	7,639	16,983
Selling, general and administrative expenses	15,871	13,644	44,141	42,056
Depreciation and amortization expense	32,700	33,721	97,083	100,444
Impairment expense	4,360	37,729	4,360	46,129
Other operating expense	375	138	1,104	356
Total costs and expenses	118,833	153,196	333,371	387,478
Operating loss	(21,344)	(48,958)	(52,443)	(81,169)
Interest expense to third-parties	(5,441)	(6,072)	(15,697)	(16,941)
Loss on extinguishment of debt			(842)	(302)
Interest income	49	26	69	140
Other income	517	1,338	1,247	1,058
Loss before income taxes	(26,219)	(53,666)	(67,666)	(97,214)
Income tax benefit	4,011	11,697	9,875	17,217
Net loss	(22,208)	(41,969)	(57,791)	(79,997)
Less: Net income attributable to noncontrolling interest	123	162	343	442
Net loss attributable to Civeo Corporation.	$ (22,331)	$ (42,131)	$ (58,134)	$ (80,439)
Per Share Data (see Note 6)
Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ (0.17)	$ (0.39)	$ (0.46)	$ (0.75)
Diluted net loss per share attributable to Civeo Corporation common shareholders. (in dollars per share)	$ (0.17)	$ (0.39)	$ (0.46)	$ (0.75)
Weighted average number of common shares outstanding:
Basic (in shares)	130,889	107,118	127,512	106,989
Diluted. (in shares)	130,889	107,118	127,512	106,989

Unaudited Consolidated Stateme3

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net loss	$ (22,208)	$ (41,969)	$ (57,791)	$ (79,997)
Other comprehensive income:
Foreign currency translation adjustment, net of taxes of zero	14,343	9,599	38,691	26,511
Total other comprehensive income	14,343	9,599	38,691	26,511
Comprehensive loss	(7,865)	(32,370)	(19,100)	(53,486)
Comprehensive income attributable to noncontrolling interest	(126)	(123)	(667)	(443)
Comprehensive loss attributable to Civeo Corporation.	$ (7,991)	$ (32,493)	$ (19,767)	$ (53,929)

Unaudited Consolidated Stateme4

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Foreign currency translation adjustment, taxes	$ 0	$ 0	$ 0	$ 0

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 54,002	$ 1,785
Accounts receivable, net	63,113	56,302
Inventories	4,857	3,112
Prepaid expenses	10,281	15,431
Other current assets	5,948	5,938
Total current assets	138,201	82,568
Property, plant and equipment, net	756,138	789,710
Other intangible assets, net	24,700	28,039
Other noncurrent assets	10,711	10,129
Total assets	929,750	910,446
Current liabilities:
Accounts payable	23,893	20,675
Accrued liabilities	19,429	14,822
Income taxes	407	111
Current portion of long-term debt	16,671	15,471
Deferred revenue	4,016	6,792
Other current liabilities	1,625	2,572
Total current liabilities	66,041	60,443
Long-term debt, less current maturities	307,522	337,800
Deferred income taxes		9,194
Other noncurrent liabilities	30,358	27,019
Total liabilities	403,921	434,456
Commitments and contingencies (Note 9)
Shareholders’ Equity:
Common shares (no par value; 550,000,000 shares authorized, 132,424,451 shares and 108,171,329 shares issued, respectively, and 132,259,000 shares and 108,103,048 shares outstanding, respectively)	0	0
Additional paid-in capital	1,382,160	1,311,226
Accumulated deficit	(531,534)	(472,764)
Common shares held in treasury at cost, 165,451 and 68,281 shares, respectively	(358)	(65)
Accumulated other comprehensive loss	(324,563)	(362,930)
Total Civeo Corporation shareholders’ equity	525,705	475,467
Noncontrolling interest	124	523
Total shareholders’ equity	525,829	475,990
Total liabilities and shareholders’ equity	$ 929,750	$ 910,446

Consolidated Balance Sheets (C6

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands	Sep. 30, 2017	Dec. 31, 2016
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	550,000,000	550,000,000
Common stock, shares issued (in shares)	132,424,451	108,171,329
Common stock, shares outstanding (in shares)	132,259,000	108,103,048
Treasury shares (in shares)	165,451	68,281

Unaudited Consolidated Stateme7

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2015	$ 1,305,930	$ (376,376)		$ (366,309)	$ 525	$ 563,770
Net income (loss)		(80,439)			442	(79,997)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax				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
Balance at Dec. 31, 2016	1,311,226	(472,764)	(65)	(362,930)	523	475,990
Net income (loss)		(58,134)			343	(57,791)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax				38,367	324	38,691
Share-based compensation	5,481		(293)			5,188
Dividends paid					(1,066)	(1,066)
Isssuance of common shares	64,817					64,817
Balance at Sep. 30, 2017	1,382,160	(531,534)	$ (358)	$ (324,563)	$ 124	525,829
Cumulative effect of implementation of ASU 2016-09.	$ 636	$ (636)

Unaudited Consolidated Stateme8

Unaudited Consolidated Statements of Changes in Shareholders' Equity (Shares) - 9 months ended Sep. 30, 2017 - shares	Common Stock [Member]	Total
Balance (in shares) at Dec. 31, 2016	108,103,000	108,171,329
Issuance of common shares (in shares)	23,000,000
Share-based compensation. (in shares)	1,156,000
Balance (in shares) at Sep. 30, 2017	132,259,000	132,424,451

Unaudited Consolidated Stateme9

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net loss	$ (57,791)	$ (79,997)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	97,083	100,444
Impairment charges	4,360	46,129
Inventory write-down		850
Loss on extinguishment of debt	842	302
Deferred income tax benefit	(11,026)	(25,239)
Non-cash compensation charge	5,481	4,535
(Gain) loss on disposal of assets	(1,193)	259
Provision (benefit) for loss on receivables, net of recoveries	8	(74)
Other, net	3,307	2,546
Changes in operating assets and liabilities:
Accounts receivable	(2,845)	(2,920)
Inventories	(1,507)	1,484
Accounts payable and accrued liabilities	5,910	2,766
Taxes payable	9,928	4,832
Other current assets and liabilities, net	(7,032)	(7,062)
Net cash flows provided by operating activities	45,525	48,855
Cash flows from investing activities:
Capital expenditures	(8,020)	(15,246)
Proceeds from disposition of property, plant and equipment	1,625	4,465
Other, net	548	(761)
Net cash flows used in investing activities	(5,847)	(11,542)
Cash flows from financing activities:
Proceeds from issuance of common shares, net	64,817
Term loan repayments	(12,214)	(37,107)
Revolving credit borrowings	44,525	230,323
Revolving credit repayments	(84,462)	(236,939)
Debt issuance costs	(1,795)	(2,037)
Other, net	(293)	(65)
Net cash flows provided by (used in) financing activities	10,578	(45,825)
Effect of exchange rate changes on cash	1,961	3,205
Net change in cash and cash equivalents	52,217	(5,307)
Cash and cash equivalents, beginning of period	1,785	7,837
Cash and cash equivalents, end of period	$ 54,002	$ 2,530

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. DESC R IPTION OF BUSINESS AND BASIS OF PRESENTATION Description of the Business We are one 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 three On February 7, 2017, 23,000,000 $3.00 $64.8 are using the remaining proceeds for general corporate purposes. On February 17, 2017, third added one 7 Basis of Presentation Unless otherwise stated or the context otherwise indicates : (i) all references in these consolidated financial statements to “Civeo,” “us,” “our” or “we” refer to Civeo Corporation and its consolidated subsidiaries; and (ii) all references in this report to “dollars” or “$” are to U.S. dollars. The accompanying unaudited consolidated financial statements of Civeo have been prepared pursuant to the rules and regulations of the S ecurities and Exchange Commission (the 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 those rules and regulations. The unaudited financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which Civeo considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of Civeo at the date of the interim balance sheet. Results for the interim periods are not December 31, 2016 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 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 December 31, 201 6.

Note 2 - Recent Accounting Pron

Note 2 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	2. RECENT ACCOUNTING PRONOUNCEMENT S 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 or other guidance updates, which are not not In June 2016, 2016 13, 2016 13 not 2016 13 December 15, 2019 In March 2016, 2016 09, “Improvements to Employee Share-Based Payment Accounting” (ASU 2016 09 2016 09 December 15, 2016 10 March 31, 2017, January 1, 2017. no $0.6 September 30, 2017. December 31, 2016, 68,000 $0.1 2016 09, $0.1 nine September 30, 2016. In February 2016 , the FASB issued ASU 2016 02, 842 840 2016 02 12 The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 In May 2014, 2014 09 606, 606 ASC 606 December 15, 2017. first 2018. 606 We are continuing to evaluate the impact of this new standard on our consolidated financial statements upon adoption. Our evaluation includes performing a detailed review of key contracts representative of our different businesses and comparing historical accounting policies and practices to the new standard. Through the third 2017, not

Note 3 - Fair Value Measurement

Note 3 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
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, 2017 December 31, 2016, 2 During the third 2017 first third 2016, 3 third 2017 2016, third

Note 4 - Details of Selected Ba

Note 4 - Details of Selected Balance Sheet Accounts	9 Months Ended
	Sep. 30, 2017
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, 2017 December 31, 2016 September 30, 2017 December 31, 201 6 Accounts receivable, net: Trade $ 40,790 $ 39,442 Unbilled revenue 21,659 16,063 Other 1,309 1,435 Total accounts receivable 63,758 56,940 Allowance for doubtful accounts (645 ) (638 ) Total accounts receivable, net $ 63,113 $ 56,302 September 30, 2017 December 31, 201 6 Inventories: Finished goods and purchased products $ 2,371 $ 1,700 Work in process 882 3 Raw materials 1,604 1,409 Total inventories $ 4,857 $ 3,112 During the third 2016, $0.9 Service and other costs in our accompanying unaudited consolidated statements of operations. Estimated Useful Life (in years) September 30, 2017 December 31, 201 6 Property, plant and equipment, net: Land $ 42,563 $ 41,122 Accommodations assets 3 - 15 1,665,496 1,554,986 Buildings and leasehold improvements 5 - 20 31,015 28,104 Machinery and equipment 4 - 15 10,242 9,667 Office furniture and equipment 3 - 7 54,770 29,948 Vehicles 3 - 5 15,319 14,725 Construction in progress 3,163 23,016 Total property, plant and equipment 1,822,568 1,701,568 Accumulated depreciation (1,066,430 ) (911,858 ) Total property, plant and equipment, net $ 756,138 $ 789,710 September 30, 2017 December 31, 201 6 Accrued liabilities: Accrued compensation $ 16,270 $ 13,189 Accrued taxes, other than income taxes 1,568 917 Accrued interest 15 194 Other 1,576 522 Total accrued liabilities $ 19,429 $ 14,822

Note 5 - Impairment Charges

Note 5 - Impairment Charges	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Asset Impairment Charges [Text Block]	5. IMPAIRMENT CHARGES 2017 The following summarizes pre-tax impairment charges recorded during the nine September 30, 2017, Canada Australia U.S. Total Quarter ended September 30, 2017 Long-lived assets $ 4,360 $ -- $ -- $ 4,360 Total $ 4,360 $ -- $ -- $ 4,360 Quarter ended September 30, 201 7 . third 2017, not zero $3.2 We also recorded an impairment expense of $1.2 2016 The following summarizes pre-tax impairment charges recorded during the nine month period ended September 30, 2016, 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. During the third 2016, may third 2016, not $26.6 $5.6 As a result of the analysis described above, we recorded an impairment expense of $ 37.7 Quarter ended March 31, 2016. During the first 2016, $8.4 $3.8 not

Note 6 - Earnings Per Share

Note 6 - Earnings Per Share	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	6. EARNINGS PER SHARE The calculation of earnings per share attributable to Civeo is presented below for the periods indicated (in thousands, except per share amounts): Three Months Ended Nine Months Ended September 30, September 30, 201 7 201 6 201 7 201 6 Basic Loss per Share Net loss attributable to Civeo $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - basic $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Weighted average common shares outstanding - basic 130,889 107,118 127,512 106,989 Basic loss per share $ (0.17 ) $ (0.39 ) $ (0.46 ) $ (0.75 ) Diluted Loss per Share Net loss attributable to Civeo’s common shareholders - basic $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - diluted $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Weighted average common shares outstanding - basic 130,889 107,118 127,512 106,989 Effect of dilutive securities (1 ) -- -- -- -- Weighted average common shares outstanding - diluted 130,889 107,118 127,512 106,989 Diluted loss per share $ (0.17 ) $ (0.39 ) $ (0.46 ) $ (0.75 ) ( 1 ) When an entity has a net loss from continuing operations, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized the basic shares outstanding amount to calculate both basic and diluted loss per share for the three nine September 30, 2017 2016. three September 30, 2017 2016, 2.2 1.6 nine September 30, 2017 2016, 2.1 1.5

Note 7 - Debt

Note 7 - Debt	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	7. DEBT As of September 30, 2017 December 31, 2016, September 30, 2017 December 31, 2016 U.S . term loan, which matures on May 28, 2019; weighted average interest rate of 4.3% for the nine-month period ended September 30, 2017 $ 24,375 $ 24,375 Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter; weighted average interest rate of 4.3% for the nine-month period ended September 30, 2017 303,405 293,763 U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 6.3% for the nine-month period ended September 30, 2017 -- -- Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.1% for the nine-month period ended September 30, 2017 -- 23,089 Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.1% for the nine-month period ended September 30, 2017 -- 9,533 Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the nine-month period ended September 30, 2017 -- 6,507 327,780 357,267 Less: Unamortized debt issuance costs 3,587 3,996 Total debt 324,193 353,271 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 16,671 15,471 Long-term debt, less current maturities $ 307,522 $ 337,800 We did not three nine September 30, 2017 2016. Amended Credit Agreement As of December 31, 2016, (i) a $350.0 May 28, 2019, $50.0 $100.0 $100.0 $100.0 one $350.0 May 28, 2019 On February 17, 2017, third third ● p rovided for the reduction by $75 $275 1 $40.0 2 $90.0 3 $60.0 4 $85.0 one ● e stablished one 2.25% 5.50%, 0.51% 1.13% 0.51% 1.24% ● a djusted the maximum leverage ratio financial covenant for the relevant periods, as follows: Period Ended Maximum Leverage Ratio September 30, 2017 5.85 : 1.00 December 31, 2017 5.85 : 1.00 March 31, 2018 5.85 : 1.00 June 30, 2018 5.85 : 1.00 September 30, 2018 5.85 : 1.00 December 31, 2018 5.50 : 1.00 March 31, 2019 & thereafter 5.25 : 1.00 ; and ● provided for o ther technical changes and amendments to the Amended Credit Agreement. U.S. dollar amounts outstanding under the facilities provided by the Amended Credit Agreement bear interest at a variable rate equal to LIBOR plus a margin of 2.25% 5.50%, 1.25% 4.50%, 2.25% 5.50%, 1.25% 4.50%, 2.25% 5.50%, The Amended Credit Agreement contains customary affirmative and negative covenants that, among other things, limit or restrict: (i) subsidiary indebtedness, liens and fundamental changes; (ii) asset sales; (iii) acquisitions of margin stock; (iv) specified acquisitions; (v) certain restrictive agreements; (vi) transactions with affiliates; and (vii) investments and other restricted payments, including dividends and other distributions. In addition, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA to consolidated interest expense, of at least 3.0 1.0 no 5.85 1.0 September 30, 2017). We were in compliance with all of these covenants as of September 30, 2017. Borrowings under the Amended Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our subsidiaries. The obligations under the Amended Credit Agreement are guaranteed by our significant subsidiaries. There are 15 $1.1 $122.2

Note 8 - Income Taxes

Note 8 - Income Taxes	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8. IN COME TAXES Our operations are conducted through various subsidiaries in a number of countries throughout the world. We have provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned. We operate primarily in three , Australia and the U.S., where statutory tax rates range from 27% 35%. 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 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 any 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 September 30, 2017 $9.9 14.6% $17.2 17.7% nine September 30, 2016. three September 30, 2017 $4 .0 15.3% $11.7 21.8% three September 30, 2016. nine September 30, 2017 2016 12% 1 0%, .

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
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 o ur 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 may not not

Note 10 - Accumulated Other Com

Note 10 - Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	10. ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss decreased $38.4 $362.9 December 31, 2016 $324.5 September 30, 2017, first nine 2017 C$0.2 A$0.5 September 30, 2017.

Note 11 - Share Based Compensat

Note 11 - Share Based Compensation	9 Months Ended
	Sep. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	11. S HARE BASED COMPENSATION O ur employees and non-employee directors participate in the Amended and Restated 2014 No 14.0 may Outstanding Awards Options. Compensation expense associated with options recognized in both the three September 30, 2017 2016 $0.1 nine September 30, 2017 2016 $0.1 September 30, 2017, $0.1 0.4 Restricted Share / Deferred Share Awards. On February 21, 2017, 1,322,934 three February 21, 2018. March 21, 2017, 47,529 one March 21, 2018. May 11, 2017, 243,190 May 11, 2018. C ompensation expense associated with restricted share awards and deferred share awards recognized in the three September 30, 2017 2016 $0.9 $1.0 nine September 30, 2017 2016 $3.2 $3.0 three September 30, 2017 2016 nine September 30, 2017 2016 $2.4 $0.6 At September 30, 2017, $5.5 1.9 Phantom Share Awards . February 21, 2017, 351,022 three February 21, 2018. 163,617 three February 21, 2018. During the three September 30, 2017 2016, $2.4 nine September 30, 2017 2016, $6.6 $1.8 September 30, 2017, $9.0 September 30, 2017, 1.5 Performance Awards . February 21, 2017, 762,497 three February 21, 2020. 0% 200% 14 During the three September 30, 2017 2016, 0.8 $0.5 nine September 30, 2017 2016, $2.3 $1.4 September 30, 2017, $5.9 1.9

Note 12 - Segment and Related I

Note 12 - Segment and Related Information	9 Months Ended
	Sep. 30, 2017
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 September 30, 2017 2016 Total Revenues Depreciation and amortization Operating income (loss) Capital expenditures Total assets Three months ended September 30 , 201 7 Canada $ 63,832 $ 18,402 $ (11,691 ) $ 679 $ 579,593 Australia 27,541 11,561 (3,667 ) 756 391,520 United States 6,116 1,165 (3,941 ) 422 31,161 Corporate and eliminations -- 1,572 (2,045 ) 126 (72,524 ) Total $ 97,489 $ 32,700 $ (21,344 ) $ 1,983 $ 929,750 Three months ended September 30 , 201 6 Canada $ 73,539 $ 20,702 $ (44,742 ) $ 1,085 $ 576,945 Australia 27,679 11,736 (1,918 ) 2,132 409,982 United States 3,020 1,274 (3,271 ) -- 31,926 Corporate and eliminations -- 9 973 2,136 (40,802 ) Total $ 104,238 $ 33,721 $ (48,958 ) $ 5,353 $ 978,051 Nine months ended September 30 , 201 7 Canada $ 182,006 $ 54,374 $ (26,283 ) $ 2,195 $ 579,593 Australia 83,164 34,614 (8,284 ) 2,211 391,520 United States 15,758 3,549 (10,347 ) 1,058 31,161 Corporate and eliminations -- 4,546 (7,529 ) 2,556 (72,524 ) Total $ 280,928 $ 97,083 $ (52,443 ) $ 8,020 $ 929,750 Nine months ended September 30 , 201 6 Canada $ 216,168 $ 62,494 $ (53,758 ) $ 2,578 $ 576,945 Australia 80,694 34,348 (4,454 ) 3,833 409,982 United States 9,447 4,462 (20,662 ) -- 31,926 Corporate and eliminations -- (860 ) (2,295 ) 8,835 (40,802 ) Total $ 306,309 $ 100,444 $ (81,169 ) $ 15,246 $ 978,051

Note 4 - Details of Selected 22

Note 4 - Details of Selected Balance Sheet Accounts (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2017 December 31, 201 6 Accounts receivable, net: Trade $ 40,790 $ 39,442 Unbilled revenue 21,659 16,063 Other 1,309 1,435 Total accounts receivable 63,758 56,940 Allowance for doubtful accounts (645 ) (638 ) Total accounts receivable, net $ 63,113 $ 56,302
Schedule of Inventory, Current [Table Text Block]	September 30, 2017 December 31, 201 6 Inventories: Finished goods and purchased products $ 2,371 $ 1,700 Work in process 882 3 Raw materials 1,604 1,409 Total inventories $ 4,857 $ 3,112
Property, Plant and Equipment [Table Text Block]	Estimated Useful Life (in years) September 30, 2017 December 31, 201 6 Property, plant and equipment, net: Land $ 42,563 $ 41,122 Accommodations assets 3 - 15 1,665,496 1,554,986 Buildings and leasehold improvements 5 - 20 31,015 28,104 Machinery and equipment 4 - 15 10,242 9,667 Office furniture and equipment 3 - 7 54,770 29,948 Vehicles 3 - 5 15,319 14,725 Construction in progress 3,163 23,016 Total property, plant and equipment 1,822,568 1,701,568 Accumulated depreciation (1,066,430 ) (911,858 ) Total property, plant and equipment, net $ 756,138 $ 789,710
Schedule of Accrued Liabilities [Table Text Block]	September 30, 2017 December 31, 201 6 Accrued liabilities: Accrued compensation $ 16,270 $ 13,189 Accrued taxes, other than income taxes 1,568 917 Accrued interest 15 194 Other 1,576 522 Total accrued liabilities $ 19,429 $ 14,822

Note 5 - Impairment Charges (Ta

Note 5 - Impairment Charges (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Asset Impairment Charges [Table Text Block]	Canada Australia U.S. Total Quarter ended September 30, 2017 Long-lived assets $ 4,360 $ -- $ -- $ 4,360 Total $ 4,360 $ -- $ -- $ 4,360 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

Note 6 - Earnings Per Share (Ta

Note 6 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Nine Months Ended September 30, September 30, 201 7 201 6 201 7 201 6 Basic Loss per Share Net loss attributable to Civeo $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - basic $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Weighted average common shares outstanding - basic 130,889 107,118 127,512 106,989 Basic loss per share $ (0.17 ) $ (0.39 ) $ (0.46 ) $ (0.75 ) Diluted Loss per Share Net loss attributable to Civeo’s common shareholders - basic $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Less: undistributed net income to participating securities -- -- -- -- Net loss attributable to Civeo’s common shareholders - diluted $ (22,331 ) $ (42,131 ) $ (58,134 ) $ (80,439 ) Weighted average common shares outstanding - basic 130,889 107,118 127,512 106,989 Effect of dilutive securities (1 ) -- -- -- -- Weighted average common shares outstanding - diluted 130,889 107,118 127,512 106,989 Diluted loss per share $ (0.17 ) $ (0.39 ) $ (0.46 ) $ (0.75 )

Note 7 - Debt (Tables)

Note 7 - Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2017 December 31, 2016 U.S . term loan, which matures on May 28, 2019; weighted average interest rate of 4.3% for the nine-month period ended September 30, 2017 $ 24,375 $ 24,375 Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter; weighted average interest rate of 4.3% for the nine-month period ended September 30, 2017 303,405 293,763 U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 6.3% for the nine-month period ended September 30, 2017 -- -- Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.1% for the nine-month period ended September 30, 2017 -- 23,089 Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.1% for the nine-month period ended September 30, 2017 -- 9,533 Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.0% for the nine-month period ended September 30, 2017 -- 6,507 327,780 357,267 Less: Unamortized debt issuance costs 3,587 3,996 Total debt 324,193 353,271 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 16,671 15,471 Long-term debt, less current maturities $ 307,522 $ 337,800
Schedule Of Changes In Maximum Leverage Ratio [Table Text Block]	Period Ended Maximum Leverage Ratio September 30, 2017 5.85 : 1.00 December 31, 2017 5.85 : 1.00 March 31, 2018 5.85 : 1.00 June 30, 2018 5.85 : 1.00 September 30, 2018 5.85 : 1.00 December 31, 2018 5.50 : 1.00 March 31, 2019 & thereafter 5.25 : 1.00

Note 12 - Segment and Related26

Note 12 - Segment and Related Information (Tables)	9 Months Ended
	Sep. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Total Revenues Depreciation and amortization Operating income (loss) Capital expenditures Total assets Three months ended September 30 , 201 7 Canada $ 63,832 $ 18,402 $ (11,691 ) $ 679 $ 579,593 Australia 27,541 11,561 (3,667 ) 756 391,520 United States 6,116 1,165 (3,941 ) 422 31,161 Corporate and eliminations -- 1,572 (2,045 ) 126 (72,524 ) Total $ 97,489 $ 32,700 $ (21,344 ) $ 1,983 $ 929,750 Three months ended September 30 , 201 6 Canada $ 73,539 $ 20,702 $ (44,742 ) $ 1,085 $ 576,945 Australia 27,679 11,736 (1,918 ) 2,132 409,982 United States 3,020 1,274 (3,271 ) -- 31,926 Corporate and eliminations -- 9 973 2,136 (40,802 ) Total $ 104,238 $ 33,721 $ (48,958 ) $ 5,353 $ 978,051 Nine months ended September 30 , 201 7 Canada $ 182,006 $ 54,374 $ (26,283 ) $ 2,195 $ 579,593 Australia 83,164 34,614 (8,284 ) 2,211 391,520 United States 15,758 3,549 (10,347 ) 1,058 31,161 Corporate and eliminations -- 4,546 (7,529 ) 2,556 (72,524 ) Total $ 280,928 $ 97,083 $ (52,443 ) $ 8,020 $ 929,750 Nine months ended September 30 , 201 6 Canada $ 216,168 $ 62,494 $ (53,758 ) $ 2,578 $ 576,945 Australia 80,694 34,348 (4,454 ) 3,833 409,982 United States 9,447 4,462 (20,662 ) -- 31,926 Corporate and eliminations -- (860 ) (2,295 ) 8,835 (40,802 ) Total $ 306,309 $ 100,444 $ (81,169 ) $ 15,246 $ 978,051

Note 1 - Description of Busin27

Note 1 - Description of Business and Basis of Presentation (Details Textual) $ / shares in Units, $ in Thousands	Feb. 07, 2017USD ($)$ / sharesshares	Sep. 30, 2017USD ($)
Number of Reportable Segments		3
Stock Issued During Period, Value, New Issues		$ 64,817
Public Offering [Member]
Stock Issued During Period, Shares, New Issues | shares	23,000,000
Share Price | $ / shares	$ 3
Stock Issued During Period, Value, New Issues	$ 64,800

Note 2 - Recent Accounting Pr28

Note 2 - Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Cumulative Effect of New Accounting Principle in Period of Adoption
Shares Paid for Tax Withholding for Share Based Compensation		68,000
Adjustments Related to Tax Withholding for Share-based Compensation		$ 100
Reclassification of Tax Withholdings from Operating Activities to Financing Activities [Member] | Six Months Ended June 30, 2016 [Member]
Prior Period Reclassification Adjustment	100
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ (636)

Note 4 - Details of Selected 29

Note 4 - Details of Selected Balance Sheet Accounts (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Inventory Write-down			$ 850
Cost of Sales [Member] | Canadian Segment [Member]
Inventory Write-down	$ 900

Note 4 - Details of Selected 30

Note 4 - Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Accounts receivable, net:
Accounts receivable	$ 63,758	$ 56,940
Allowance for doubtful accounts	(645)	(638)
Total accounts receivable, net	63,113	56,302
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts receivable	40,790	39,442
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts receivable	21,659	16,063
Other Receivable [Member]
Accounts receivable, net:
Accounts receivable	$ 1,309	$ 1,435

Note 4 - Details of Selected 31

Note 4 - Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Inventories:
Finished goods and purchased products	$ 2,371	$ 1,700
Work in process	882	3
Raw materials	1,604	1,409
Total inventories	$ 4,857	$ 3,112

Note 4 - Details of Selected 32

Note 4 - Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Property, plant and equipment, gross	$ 1,822,568	$ 1,701,568
Accumulated depreciation	(1,066,430)	(911,858)
Total property, plant and equipment, net	756,138	789,710
Land [Member]
Property, plant and equipment, gross	42,563	41,122
Accommodations Assets [Member]
Property, plant and equipment, gross	$ 1,665,496	1,554,986
Accommodations Assets [Member] | Minimum [Member]
Property, plant and equipment, useful life (Year)	3 years
Accommodations Assets [Member] | Maximum [Member]
Property, plant and equipment, useful life (Year)	15 years
Building and Building Improvements [Member]
Property, plant and equipment, gross	$ 31,015	28,104
Building and Building Improvements [Member] | Minimum [Member]
Property, plant and equipment, useful life (Year)	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, plant and equipment, useful life (Year)	20 years
Machinery and Equipment [Member]
Property, plant and equipment, gross	$ 10,242	9,667
Machinery and Equipment [Member] | Minimum [Member]
Property, plant and equipment, useful life (Year)	4 years
Machinery and Equipment [Member] | Maximum [Member]
Property, plant and equipment, useful life (Year)	15 years
Furniture and Fixtures [Member]
Property, plant and equipment, gross	$ 54,770	29,948
Furniture and Fixtures [Member] | Minimum [Member]
Property, plant and equipment, useful life (Year)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, plant and equipment, useful life (Year)	7 years
Vehicles [Member]
Property, plant and equipment, gross	$ 15,319	14,725
Vehicles [Member] | Minimum [Member]
Property, plant and equipment, useful life (Year)	3 years
Vehicles [Member] | Maximum [Member]
Property, plant and equipment, useful life (Year)	5 years
Construction in Progress [Member]
Property, plant and equipment, gross	$ 3,163	$ 23,016

Note 4 - Details of Selected 33

Note 4 - Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Accrued liabilities:
Accrued compensation	$ 16,270	$ 13,189
Accrued taxes, other than income taxes	1,568	917
Accrued interest	15	194
Other	1,576	522
Total accrued liabilities	$ 19,429	$ 14,822

Note 5 - Impairment Charges (De

Note 5 - Impairment Charges (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2016
Impairment of Long-Lived Assets Held-for-use	$ 4,360	$ 37,729	$ 8,400
Property, Plant and Equipment, Net	756,138			$ 789,710
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	4,360	37,729
US Segment and Other [Member]
Impairment of Long-Lived Assets Held-for-use			8,400
Open Camp Assets [Member] | Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	3,200
Property, Plant and Equipment, Net	0
Undeveloped Land Positions [Member] | Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	$ 1,200
Property, Plant and Equipment, Net		5,600
Mobile Camp Assets [Member] | Canadian Segment [Member]
Property, Plant and Equipment, Net		$ 26,600
Impaired Fixed Assets [Member] | US Segment and Other [Member]
Property, Plant and Equipment, Net			$ 3,800

Note 5 - Impairment Charges - S

Note 5 - Impairment Charges - Summary of Pre-tax Impairment Charges Included in Impairment Expense (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2017	Sep. 30, 2016
Long-lived assets	$ 4,360	$ 37,729	$ 8,400
Total	4,360	37,729		$ 4,360	$ 46,129
Impairment of Long-Lived Assets Held-for-use	4,360	37,729	8,400
Canadian Segment [Member]
Long-lived assets	4,360	37,729
Total				4,360	37,729
Impairment of Long-Lived Assets Held-for-use	4,360	37,729
Australian Segment [Member]
Long-lived assets
Total
Impairment of Long-Lived Assets Held-for-use
US Segment and Other [Member]
Long-lived assets			8,400
Total					$ 8,400
Impairment of Long-Lived Assets Held-for-use			$ 8,400

Note 6 - Earnings Per Share (De

Note 6 - Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.2	1.6	2.1	1.5

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, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net loss attributable to Civeo		$ (22,331)	$ (42,131)	$ (58,134)	$ (80,439)
Less: undistributed net income to participating securities
Net loss attributable to Civeo’s common shareholders - basic		$ (22,331)	$ (42,131)	$ (58,134)	$ (80,439)
Weighted average common shares outstanding - basic (in shares)		130,889	107,118	127,512	106,989
Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)		$ (0.17)	$ (0.39)	$ (0.46)	$ (0.75)
Net loss attributable to Civeo’s common shareholders - basic		$ (22,331)	$ (42,131)	$ (58,134)	$ (80,439)
Less: undistributed net income to participating securities
Net loss attributable to Civeo’s common shareholders - diluted		$ (22,331)	$ (42,131)	$ (58,134)	$ (80,439)
Effect of dilutive securities (1) (in shares)	[1]
Weighted average common shares outstanding - diluted (in shares)		130,889	107,118	127,512	106,989
Diluted net loss per share attributable to Civeo Corporation common shareholders. (in dollars per share)		$ (0.17)	$ (0.39)	$ (0.46)	$ (0.75)
[1]	When an entity has a net loss from continuing operations, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized the basic shares outstanding amount to calculate both basic and diluted loss per share for the three and nine months ended September 30, 2017 and 2016. In the three months ended September 30, 2017 and 2016, we excluded from the calculation 2.2 million and 1.6 million share based awards, respectively, since the effect would have been anti-dilutive. In the nine months ended September 30, 2017 and 2016, we excluded from the calculation 2.1 million and 1.5 million share based awards, respectively, since the effect would have been anti-dilutive.

Note 7 - Debt (Details Textual)

Note 7 - Debt (Details Textual) $ in Thousands	Feb. 17, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Interest Costs Capitalized Adjustment		$ 0	$ 0	$ 0	$ 0
Interest Coverage Ratio				3
Leverage Ratio				5.85
Number of Lenders		15		15
Minimum [Member]
Lender Commitments, Within Credit Agreement		$ 1,100		$ 1,100
Maximum [Member]
Lender Commitments, Within Credit Agreement		$ 122,200		$ 122,200
Third Amended Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%
Third Amended Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.24%
Third Amended Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Third Amended Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	5.50%
Second Amendment [Member] | Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%
Second Amendment [Member] | Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.13%
US Term Loan [Member]
Debt Instrument, Face Amount						$ 350,000
Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] | Base Rate [Member] | Minimum [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] | Base Rate [Member] | Minimum [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] | Base Rate [Member] | Maximum [Member] | United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] | Base Rate [Member] | Maximum [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] | Canadian Dealer Offered Rate (CDOR) [Member] | Minimum [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] | Canadian Dealer Offered Rate (CDOR) [Member] | Maximum [Member] | Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] | Bank Bill Swap Bid Rate (BBSY) [Member] | Minimum [Member] | Australia, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] | Bank Bill Swap Bid Rate (BBSY) [Member] | Maximum [Member] | Australia, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						350,000
Revolving Credit Facility [Member] | Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 275,000
Line of Credit Facility, Increase (Decrease), Net	(75,000)
U.S. Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						50,000
U.S. Facility [Member] | Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	40,000
Canadian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						100,000
Canadian Credit Facility [Member] | Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	90,000
Canadian Credit Facility 2 [Member]
Line of Credit Facility, Maximum Borrowing Capacity						100,000
Canadian Credit Facility 2 [Member] | Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	60,000
Australian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 100,000
Australian Credit Facility [Member] | Third Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 85,000

Note 7 - Debt - Long-term Debt

Note 7 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Term loan	$ 327,780	$ 357,267
Less: Unamortized debt issuance costs	3,587	3,996
Total debt	324,193	353,271
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	16,671	15,471
Long-term debt, less current maturities	307,522	337,800
US Term Loan [Member]
Term loan	24,375	24,375
Canadian Term Loan [Member]
Term loan	303,405	293,763
US Revolving Credit Facility [Member]
Term loan
Canadian Credit Facility 1 [Member]
Term loan		23,089
Canadian Credit Facility 2 [Member]
Term loan		9,533
Australian Credit Facility [Member]
Term loan		$ 6,507

Note 7 - Debt - Long-term Deb40

Note 7 - Debt - Long-term Debt (Details) (Parentheticals)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
US Term Loan [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	4.30%	4.30%
Canadian Term Loan [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	4.30%	4.30%
Term loan, interest rate	1.25%	1.25%
US Revolving Credit Facility [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	6.30%	6.30%
Canadian Credit Facility 1 [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	5.10%	5.10%
Canadian Credit Facility 2 [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	5.10%	5.10%
Australian Credit Facility [Member]
Term loan, maturity	May 28, 2019	May 28, 2019
Term loan, weighted-average interest rate	5.00%	5.00%

Note 7 - Debt - Changes to Maxi

Note 7 - Debt - Changes to Maximum Leverage Ratio (Details)	3 Months Ended						9 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017
Maximum Leverage Ratio							5.85
Scenario, Forecast [Member]
Maximum Leverage Ratio	5.25	5.5	5.85	5.85	5.85	5.85

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Expense (Benefit)	$ (4,011)	$ (11,697)	$ (9,875)	$ (17,217)
Effective Income Tax Rate Reconciliation, Percent	15.30%	21.80%	14.60%	17.70%
Effective Income Tax Rate Reconciliation, Interim Tax Provison, Percent			(12.00%)	0.00%
Minimum [Member]
Statutory Tax Rate, Foreign and Domestic	27.00%		27.00%
Maximum [Member]
Statutory Tax Rate, Foreign and Domestic	35.00%		35.00%

Note 10 - Accumulated Other C43

Note 10 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands, CAD in Billions, AUD in Billions	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017CAD	Sep. 30, 2017AUD	Dec. 31, 2016USD ($)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	$ 14,343	$ 9,599	$ 38,691	$ 26,511
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (324,563)		$ (324,563)				$ (362,930)
Translation Adjustment Functional to Reporting Currency, Net of Tax					CAD 0.2	AUD 0.5

Note 11 - Share Based Compens44

Note 11 - Share Based Compensation (Details Textual) $ in Millions	May 11, 2017shares	Mar. 21, 2017shares	Feb. 21, 2017shares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)
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				$ 0.1	$ 0.1	$ 0.1	$ 0.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				0.1		$ 0.1
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						146 days
Restricted Stock and Deferred Stock Awards [Member]
Allocated Share-based Compensation Expense				0.9	1	$ 3.2	3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						1 year 328 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value						$ 2.4	0.6
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options				5.5		5.5
Phantom Share Units (PSUs) [Member]
Allocated Share-based Compensation Expense				2.4	2.4	6.6	1.8
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				9		$ 9
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						1 year 182 days
Performance Shares [Member]
Allocated Share-based Compensation Expense				0.8	$ 0.5	$ 2.3	$ 1.4
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				$ 5.9		$ 5.9
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition						1 year 328 days
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			1,322,934
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	243,190	47,529
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	243,190	47,529
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			351,022
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Civeo Plan [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares			762,497
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Peer Group, Number of Companies			14
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%
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			163,617
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years

Note 12 - Segment and Related45

Note 12 - Segment and Related Information - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Total revenues	$ 97,489	$ 104,238	$ 280,928	$ 306,309
Depreciation and amortization	32,700	33,721	97,083	100,444
Operating income (loss)	(21,344)	(48,958)	(52,443)	(81,169)
Capital expenditures	1,983	5,353	8,020	15,246
Total assets	929,750	978,051	929,750	978,051	$ 910,446
Operating Segments [Member]
Total revenues	97,489	104,238	280,928	306,309
Intersegment Eliminations [Member]
Depreciation and amortization	32,700	33,721	97,083	100,444
Canadian Segment [Member]
Operating income (loss)	(11,691)	(44,742)	(26,283)	(53,758)
Capital expenditures	679	1,085	2,195	2,578
Total assets	579,593	576,945	579,593	576,945
Canadian Segment [Member] | Operating Segments [Member]
Total revenues	63,832	73,539	182,006	216,168
Canadian Segment [Member] | Intersegment Eliminations [Member]
Depreciation and amortization	18,402	20,702	54,374	62,494
Australian Segment [Member]
Operating income (loss)	(3,667)	(1,918)	(8,284)	(4,454)
Capital expenditures	756	2,132	2,211	3,833
Total assets	391,520	409,982	391,520	409,982
Australian Segment [Member] | Operating Segments [Member]
Total revenues	27,541	27,679	83,164	80,694
Australian Segment [Member] | Intersegment Eliminations [Member]
Depreciation and amortization	11,561	11,736	34,614	34,348
US Segment [Member]
Operating income (loss)	(3,941)	(3,271)	(10,347)	(20,662)
Capital expenditures	422		1,058
Total assets	31,161	31,926	31,161	31,926
US Segment [Member] | Operating Segments [Member]
Total revenues	6,116	3,020	15,758	9,447
US Segment [Member] | Intersegment Eliminations [Member]
Depreciation and amortization	1,165	1,274	3,549	4,462
Corporate and Other [Member]
Operating income (loss)	(2,045)	973	(7,529)	(2,295)
Capital expenditures	126	2,136	2,556	8,835
Total assets	(72,524)	(40,802)	(72,524)	(40,802)
Corporate and Other [Member] | Operating Segments [Member]
Total revenues
Corporate and Other [Member] | Intersegment Eliminations [Member]
Depreciation and amortization	$ 1,572	$ 9	$ 4,546	$ (860)