Civeo (CVEO) 10-Q 26 Apr 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 22, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Civeo Corp
Entity Central Index Key	0001590584
Trading Symbol	cveo
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		169,301,917
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Total Revenues	$ 108,550	$ 101,504
Costs and expenses:
Selling, general and administrative expenses	16,096	16,514
Depreciation and amortization expense	30,782	30,764
Impairment expense	0	28,661
Other operating expense (income)	(65)	379
Costs and Expenses	126,443	154,019
Operating loss	(17,893)	(52,515)
Interest expense	(6,635)	(5,822)
Interest income	27	58
Other income	2,978	2,259
Loss before income taxes	(21,523)	(56,020)
Income tax benefit	4,484	685
Net loss	(17,039)	(55,335)
Less: Net income attributable to noncontrolling interest	0	122
Net loss attributable to Civeo Corporation	(17,039)	(55,457)
Less: Dividends attributable to Class A preferred shares	459	0
Net loss attributable to Civeo common shareholders	$ (17,498)	$ (55,457)
Per Share Data (see Note 9)
Basic net loss per share attributable to Civeo Corporation common shareholders (USD per share)	$ (0.11)	$ (0.42)
Diluted net loss per share attributable to Civeo Corporation common shareholders (USD per share)	$ (0.11)	$ (0.42)
Weighted average number of common shares outstanding:
Basic (in shares)	165,330	131,631
Diluted (in shares)	165,330	131,631
Service and other
Revenues:
Total Revenues	$ 100,079	$ 93,083
Costs and expenses:
Service and other costs	72,644	68,806
Mobile facility rental revenues
Revenues:
Total Revenues	6,490	3,321
Costs and expenses:
Service and other costs	5,150	4,522
Product
Revenues:
Total Revenues	1,981	5,100
Costs and expenses:
Service and other costs	$ 1,836	$ 4,373

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net loss	$ (17,039)	$ (55,335)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of taxes of zero	5,379	(7,821)
Total other comprehensive income (loss)	5,379	(7,821)
Comprehensive loss	(11,660)	(63,156)
Less: Comprehensive income attributable to noncontrolling interest	0	122
Comprehensive loss attributable to Civeo Corporation	$ (11,660)	$ (63,278)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Loss (Parentheticals) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, taxes	$ 0	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 7,992	$ 12,372
Accounts receivable, net	73,513	70,223
Inventories	4,276	4,313
Prepaid expenses	5,565	7,036
Other current assets	3,702	3,556
Assets held for sale	8,058	10,297
Total current assets	103,106	107,797
Property, plant and equipment, net	650,919	658,905
Goodwill	119,158	114,207
Other intangible assets, net	111,542	119,409
Operating lease right-of-use assets	22,225	0
Other noncurrent assets	1,048	1,359
Total assets	1,007,998	1,001,677
Current liabilities:
Accounts payable	30,053	28,334
Accrued liabilities	13,371	15,956
Income taxes	572	310
Current portion of long-term debt	34,068	33,329
Deferred revenue	3,598	3,035
Other current liabilities	9,407	5,719
Total current liabilities	91,069	86,683
Long-term debt, less current maturities	346,841	342,908
Deferred income taxes	13,838	18,442
Operating lease liabilities	18,529	0
Other noncurrent liabilities	16,404	18,220
Total liabilities	486,681	466,253
Commitments and contingencies (Note 12)
Shareholders’ Equity:
Preferred shares (Class A Series 1, no par value; 50,000,000 shares authorized, 9,042 shares issued and outstanding, respectively; aggregate liquidation preference of $92,236,909 as of March 31, 2019)	56,739	56,280
Common shares (no par value; 550,000,000 shares authorized, 171,401,230 shares and 166,392,479 shares issued, respectively, and 169,301,917 shares and 165,932,334 shares outstanding, respectively)	0	0
Additional paid-in capital	1,564,667	1,562,133
Accumulated deficit	(728,748)	(710,551)
Common shares held in treasury at cost, 2,099,313 and 460,145 shares, respectively	(5,471)	(1,189)
Accumulated other comprehensive loss	(365,870)	(371,249)
Total Civeo Corporation shareholders’ equity	521,317	535,424
Noncontrolling interest	0	0
Total shareholders’ equity	521,317	535,424
Total liabilities and shareholders’ equity	$ 1,007,998	$ 1,001,677

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred shares, par value (in dollars per share)	$ 0
Preferred shares, authorized (in shares)	50,000,000
Preferred shares, issued (in shares)	9,042
Preferred shares, outstanding (in shares)	0
Preferred shares, liquidation preference	$ 92,236,909
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)	171,401,230	169,301,917
Common stock, shares outstanding (in shares)	166,392,479	165,932,334
Treasury shares (in shares)	2,099,313	460,145

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU	$ 394				$ 394
Beginning Balance at Dec. 31, 2017	476,367	$ 0	$ 0	$ 1,383,934	(579,113)	$ (358)	$ (328,213)	$ 117
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(55,335)				(55,457)			122
Currency translation adjustment	(7,821)						(7,821)	0
Dividends paid	(119)							(119)
Issuance of shares for acquisition	4,500			4,500
Share-based compensation	1,606			2,200		(594)
Ending Balance at Mar. 31, 2018	419,592	0	0	1,390,634	(634,176)	(952)	(336,034)	120
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU	(699)				(699)
Beginning Balance at Dec. 31, 2018	535,424	$ 56,280	0	1,562,133	(710,551)	(1,189)	(371,249)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(17,039)				(17,039)			0
Currency translation adjustment	5,379						5,379	0
Dividends attributable to Class A preferred shares				0	(459)
Dividends attributable to Class A preferred shares (in shares)		459,000
Share-based compensation	(1,748)			2,534		(4,282)
Ending Balance at Mar. 31, 2019	$ 521,317	$ 56,739	$ 0	$ 1,564,667	$ (728,748)	$ (5,471)	$ (365,870)	$ 0
Balance (in shares) at Dec. 31, 2018		9,042,000	165,932,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		0	3,370,000
Balance (in shares) at Mar. 31, 2019		9,042,000	169,302,000

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net loss	$ (17,039)	$ (55,335)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	30,782	30,764
Impairment expense	0	28,661
Deferred income tax provision (benefit)	(4,745)	2
Non-cash compensation charge	2,534	2,200
Gains on disposals of assets	(1,452)	(2,147)
Provision for loss on receivables, net of recoveries	(32)	(35)
Other, net	(410)	2,047
Changes in operating assets and liabilities:
Accounts receivable	(2,377)	4,837
Inventories	87	2,190
Accounts payable and accrued liabilities	(1,417)	(10,352)
Taxes payable	262	(1,358)
Other current assets and liabilities, net	148	1,364
Net cash flows provided by operating activities	6,341	2,838
Cash flows from investing activities:
Capital expenditures	(9,679)	(2,696)
Payments related to acquisitions, net of cash acquired	0	(23,771)
Proceeds from disposition of property, plant and equipment	4,457	2,718
Other, net	1,518	110
Net cash flows used in investing activities	(3,704)	(23,639)
Cash flows from financing activities:
Revolving credit borrowings	80,324	47,166
Revolving credit repayments	(74,928)	(11,525)
Term loan repayments	(8,608)	(4,079)
Taxes paid on vested shares	(4,282)	(594)
Net cash flows provided by (used in) financing activities	(7,494)	30,968
Effect of exchange rate changes on cash	477	(837)
Net change in cash and cash equivalents	(4,380)	9,330
Cash and cash equivalents, beginning of period	12,372	32,647
Cash and cash equivalents, end of period	7,992	41,977
Non-cash financing activities:
Preferred dividends paid-in-kind	459	0
Common Shares
Non-cash investing activities:
Value of common shares issued as consideration for acquisitions	$ 0	$ 4,500

Description of Business and Bas

Description of Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of the Business We are a hospitality company servicing the natural resources industry in Canada, Australia and the U.S. We provide a full suite of hospitality services for our guests, including lodging, food service, housekeeping and maintenance at accommodation facilities that we or our customers own. We also, in many cases, provide services that support the day-to-day operations of accommodation facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and group logistics. We also offer development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management and site construction, along with providing hospitality services once the facility is constructed. We operate in some of the world’s most active oil, coal and iron ore producing regions, and our customers include major and independent oil companies, mining companies and oilfield and mining service companies. We operate in three principal reportable business segments – Canada, Australia and U.S. 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 Securities 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 necessarily indicative of results for the full year. Certain reclassifications have been made to the consolidated statements of operations for the three months ended March 31, 2018 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, 2018 .

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	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 or other guidance updates, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption. In January 2017, the FASB issued Accounting Standards Update (ASU) 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." The standard simplifies the accounting for goodwill impairment by requiring a goodwill impairment to be measured using a single step impairment model, whereby the impairment equals the difference between the carrying amount and the fair value of the specified reporting units in their entirety. This eliminates the second step of the current impairment model that requires companies to first estimate the fair value of all assets in a reporting unit and measure impairments based on those fair values and a residual measurement approach. It also specifies that any loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective prospectively for public business entities for annual reporting periods beginning after December 15, 2019, and early adoption is permitted. We will adopt this new standard no later than January 1, 2020. The impact of the new standard will be dependent on the specific facts and circumstances of future individual goodwill impairments, if any. In June 2016, the FASB issued 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 anticipate adopting ASU 2016-13 as of January 1, 2020. 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. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 and interim periods within the reporting periods. Effective with this quarterly report on Form 10-Q for the quarter ended March 31, 2019, we have adopted this standard effective January 1, 2019 using the optional transition method, which allows us upon adoption to recognize a cumulative-effect adjustment to the opening balance of accumulated deficit for the application of the standard to our existing leases. Upon adoption of this standard, we recognized a cumulative effect adjustment of $0.7 million (net of $0.2 million of taxes) to increase accumulated deficit in the accompanying unaudited consolidated balance sheet as of March 31, 2019 . ASU 2016-02 requires lessees to recognize a lease liability and a right-of-use asset for certain leases. We elected the package of practical expedients, which among other things, allowed us to carry forward the historical lease identification and classification. In addition, we have elected the short-term lease recognition exemption for all leases that qualify. Accordingly, we did not recognize right-of-use assets or lease liabilities for leases with terms shorter than 12 months. Our evaluation process included reviewing all forms of leases, performing a completeness assessment over the lease population and analyzing the available practical expedients in order to determine the best implementation strategy. We determined that certain of our accommodation contracts with customers contain both a lease and non-lease or service component and in those instances concluded the service component was the predominant component. As a result, we elected the practical expedient under ASU 2018-11, which allows us to combine the lease and non-lease components of revenues for presentation purposes in accordance with Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers” (ASC 606). We also have identified certain arrangements with customers whereby we are a lessor for the rental of mobile camp assets primarily in our U.S segment. For arrangements where we are the lessor, the adoption of the new lease standard did not have a material impact on our financial statements as all of our leases are operating leases, which will result in straight-line recognition of rental revenue. Adoption of the new standard resulted in $21.3 million of operating lease right-of-use assets and $22.4 million of operating lease liabilities as of January 1, 2019. Please see Note 14 – Leases for further information.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenues [Abstract]
Revenue	REVENUE The following table disaggregates our revenue by our three reportable segments: Canada, Australia and U.S., and major categories for the periods indicated (in thousands): Three Months Ended 2019 2018 Canada Accommodation revenues $ 57,652 $ 50,647 Mobile facility rental revenues 781 7,794 Food service and other services revenues 8,337 3,739 Manufacturing revenues — 1,210 Total Canada revenues 66,770 63,390 Australia Accommodation revenues $ 28,421 $ 27,698 Food service and other services revenues — 177 Total Australia revenues 28,421 27,875 United States Accommodation revenues $ 4,924 $ 3,166 Mobile facility rental revenues 6,597 3,577 Manufacturing revenues 1,795 3,464 Food service and other services revenues 43 32 Total United States revenues 13,359 10,239 Total revenues $ 108,550 $ 101,504 As of March 31, 2019 , for contracts that are greater than one year, the table below discloses the estimated revenues related to performance obligations that are unsatisfied (or partially unsatisfied) and when we expect to recognize the revenue (in thousands): For the years ending December 31, 2019 2020 2021 Thereafter Total Revenue expected to be recognized as of March 31, 2019 $ 74,823 $ 55,613 $ 7,764 $ 135 $ 138,335

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	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 March 31, 2019 and December 31, 2018 , we believe the carrying value of our floating-rate debt outstanding under our term loans and revolving credit facilities approximates fair value because the 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 quarter of 2018 , we wrote down certain long-lived assets to fair value. 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 relevant 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. Please see Note 6 – Impairment Charges for further information. During the first and second quarter of 2018 , we acquired certain assets and businesses and recorded them at fair value. Determining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgment, including the amount and timing of expected future cash flows, long-term growth rates and discount rates. The cash flows employed in the valuation are based on our best estimates of future sales, earnings and cash flows after considering factors such as general market conditions, expected future customer orders, contracts with suppliers, labor costs, changes in working capital, long term business plans and recent operating performance. Please see Note 7 – Acquisitions for further information.

Details of Selected Balance She

Details of Selected Balance Sheet Accounts	3 Months Ended
	Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Details of Selected Balance Sheet Accounts	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS Additional information regarding selected balance sheet accounts at March 31, 2019 and December 31, 2018 is presented below (in thousands): March 31, 2019 December 31, 2018 Accounts receivable, net: Trade $ 48,089 $ 48,875 Unbilled revenue 25,538 21,169 Other 135 555 Total accounts receivable 73,762 70,599 Allowance for doubtful accounts (249 ) (376 ) Total accounts receivable, net $ 73,513 $ 70,223 March 31, 2019 December 31, 2018 Inventories: Finished goods and purchased products $ 2,350 $ 2,461 Work in process 916 945 Raw materials 1,010 907 Total inventories $ 4,276 $ 4,313 Estimated Useful Life (in years) March 31, 2019 December 31, 2018 Property, plant and equipment, net: Land $ 46,846 $ 46,805 Accommodations assets 3 — 15 1,675,611 1,650,758 Buildings and leasehold improvements 7 — 20 25,496 25,168 Machinery and equipment 4 — 15 10,948 10,693 Office furniture and equipment 3 — 7 55,081 54,459 Vehicles 3 — 5 14,480 14,589 Construction in progress 14,415 7,119 Total property, plant and equipment 1,842,877 1,809,591 Accumulated depreciation (1,191,958 ) (1,150,686 ) Total property, plant and equipment, net $ 650,919 $ 658,905 March 31, 2019 December 31, 2018 Accrued liabilities: Accrued compensation $ 10,040 $ 13,545 Accrued taxes, other than income taxes 3,098 2,177 Accrued interest 16 5 Other 217 229 Total accrued liabilities $ 13,371 $ 15,956

Impairment Charges

Impairment Charges	3 Months Ended
	Mar. 31, 2019
Asset Impairment Charges [Abstract]
Impairment Charges	IMPAIRMENT CHARGES Quarter ended March 31, 2018 . During the first quarter of 2018, we identified an indicator that certain long-lived assets used in the Canadian oil sands may be impaired due to market developments, including expected customer commitments, occurring in the first quarter of 2018. For purposes of our impairment assessment, we separated two lodges that were previously treated as a single asset group due to the lodges no longer being used together to generate joint cash flows. 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 fully recoverable, and we proceeded to compare the estimated fair value of the asset group to its respective carrying value. Accordingly, the value of a Canadian lodge was written down to its estimated fair value of zero . As a result of the analysis described above, we recorded an impairment expense of $28.7 million .

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Acquisitions	ACQUISITIONS Noralta Description of Transaction . On April 2, 2018, we acquired the equity of Noralta Lodge Ltd. (Noralta), located in Alberta, Canada. The total consideration, which is subject to adjustment in accordance with the terms of the definitive agreement, included (i) C $207.7 million (or approximately US $161.2 million ) in cash, subject to customary post-closing adjustments for working capital, indebtedness and transactions expenses, (ii) 32.8 million of our common shares, and (iii) 9,679 Class A Series 1 Preferred Shares (the Preferred Shares) with an initial liquidation preference of $96.8 million and initially convertible into 29.3 million of our common shares. As a result of the Noralta acquisition, we expanded our existing accommodations business in the Canadian oil sands market. We funded the cash consideration with cash on hand and borrowings under the Amended Credit Agreement (as defined in Note 10 - Debt). During the first quarter of 2019, $2.1 million in cash was released to us from escrow to cover certain agreed upon indemnification claims. The Noralta acquisition was accounted for in accordance with the acquisition method of accounting for business combinations and, accordingly, the results of operations of Noralta were reported in our financial statements as part of our Canadian reportable business segment beginning on April 2, 2018, the date of acquisition. Purchase Price Allocation. The application of purchase accounting under ASC 805 requires that the total purchase price be allocated to the fair value of assets acquired and liabilities assumed based on their fair values at April 2, 2018, with amounts exceeding the fair values being recorded as goodwill. The allocation process requires an analysis of acquired fixed assets, contracts, and contingencies to identify and record the fair value of all assets acquired and liabilities assumed. During the three months ended March 31, 2019 , we recorded insignificant measurement period adjustments related to amortizable intangible assets, goodwill and deferred taxes. Our allocation of the purchase price, which we finalized in the first quarter of 2019, to specific assets and liabilities is based, in part, upon outside appraisals using customary valuation procedures and techniques. The following table summarizes the fair values of the assets acquired and liabilities assumed at April 2, 2018 (in thousands): Cash and cash equivalents $ 24 Accounts receivable (1) 21,456 Inventories 839 Other current assets 4,266 Property, plant and equipment 129,424 Goodwill 123,569 Intangible assets 110,736 Total assets acquired 390,314 Accounts payable and accrued liabilities 15,023 Income taxes payable 1,038 Other current liabilities 2,027 Deferred income taxes 51,543 Other noncurrent liabilities 5,133 Total liabilities assumed 74,764 Net assets acquired $ 315,550 (1) The aggregate fair value of the acquired accounts receivable approximated the aggregate gross contractual amount. Transaction Costs. During the three months ended March 31, 2018 , we recognized $1.0 million of costs in connection with the Noralta acquisition that are included in SG&A expenses. Acadian Acres On February 28, 2018, we acquired the assets of Lakeland, L.L.C. (Lakeland), located near Lake Charles, Louisiana, for total consideration of $28.0 million , composed of $23.5 million in cash and $4.5 million of our common shares. The asset purchase agreement also includes potential future earn-out payments through December 2020 of up to 1.2 million Civeo common shares, based upon satisfaction of certain future revenue targets. The acquisition included a 400 room lodge, 40 acres of land and related assets. We funded the cash consideration with cash on hand. Lakeland’s operations are reported as a new lodge location, Acadian Acres, in our U.S. reportable business segment. This acquisition was accounted for as an asset acquisition based on the principles described in ASC 805, which provides a screen to determine when a set of transferred assets is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similarly identifiable assets, the set of transferred assets is not a business. Accordingly, we allocated the excess consideration over the fair value of the assets acquired to the acquired assets, pro rata, on the basis of relative fair values to increase the related assets acquired.

Assets Held for Sale

Assets Held for Sale	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	ASSETS HELD FOR SALE During the fourth quarter of 2017, we made the decision to dispose of our modular construction and manufacturing plant near Edmonton, Alberta, Canada due to changing geographic and market needs. Accordingly, the facility met the criteria of held for sale. Its estimated fair value less the cost to sell exceeded its carrying value. Additionally, we have discontinued depreciation of the facility. The facility is part of our Canadian reportable business segment. Certain undeveloped land positions in the British Columbia LNG market in our Canadian segment previously met the criteria of held for sale. During the first quarter of 2019, we received $4.0 million in proceeds from the sale of four different land positions. The remaining assets are recorded at the estimated fair value less costs to sell of approximately $1.6 million . In addition, as a result of the Noralta acquisition, Noralta’s corporate offices located on two adjacent property titles in Nisku, Alberta, Canada were closed. During the fourth quarter of 2018, we sold one property. The remaining property is recorded at the estimated fair value less costs to sell of approximately $1.8 million and was the same value used in the purchase price allocation. The following table summarizes the carrying amount as of March 31, 2019 and December 31, 2018 of the major classes of assets from the modular construction and manufacturing plant, undeveloped land positions and Noralta’s corporate offices we classified as held for sale (in thousands): March 31, 2019 December 31, 2018 Assets held for sale: Property, plant and equipment, net $ 8,058 $ 10,297 Total assets held for sale $ 8,058 $ 10,297

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	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 March 31, 2019 2018 Basic Loss per Share Net loss attributable to Civeo common shareholders $ (17,498 ) $ (55,457 ) Less: undistributed net income to participating securities — — Net loss attributable to Civeo common shareholders - basic $ (17,498 ) $ (55,457 ) Weighted average common shares outstanding - basic 165,330 131,631 Basic loss per share $ (0.11 ) $ (0.42 ) Diluted Loss per Share Net loss attributable to Civeo common shareholders - basic $ (17,498 ) $ (55,457 ) Less: undistributed net income to participating securities — — Net loss attributable to Civeo common shareholders - diluted $ (17,498 ) $ (55,457 ) Weighted average common shares outstanding - basic 165,330 131,631 Effect of dilutive securities (1) — — Weighted average common shares outstanding - diluted 165,330 131,631 Diluted loss per share $ (0.11 ) $ (0.42 ) (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 months ended March 31, 2019 and 2018 . In the three months ended March 31, 2019 and 2018 , we excluded from the calculation 3.6 million and 2.8 million share based awards, respectively, since the effect would have been anti-dilutive. In the three months ended March 31, 2019 , we excluded from the calculation the impact of converting the Preferred Shares into 28.0 million common shares, since the effect would have been anti-dilutive.

Debt

Debt	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Debt	DEBT As of March 31, 2019 and December 31, 2018 , long-term debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 Canadian term loan, which matures on November 30, 2020; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 5.7% for the three-month period ended March 31, 2019 $ 244,477 $ 247,910 U.S. revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 7.0% for the three-month period ended March 31, 2019 — — Canadian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 6.4% for the three-month period ended March 31, 2019 136,191 114,348 Australian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 5.5% for the three-month period ended March 31, 2019 2,838 16,918 383,506 379,176 Less: Unamortized debt issuance costs 2,597 2,939 Total debt 380,909 376,237 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 34,068 33,329 Long-term debt, less current maturities $ 346,841 $ 342,908 We did not have any capitalized interest to net against interest expense for the three months ended March 31, 2019 or 2018 . Amended Credit Agreement As of March 31, 2019 , our Credit Agreement, as then amended to date (the Amended Credit Agreement), provided for: (i) a $239.5 million revolving credit facility scheduled to mature on November 30, 2020, allocated as follows: (A) a $20.0 million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers; (B) a $159.5 million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers; and (C) a $60.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower; and (ii) a $325.0 million term loan facility scheduled to mature on November 30, 2020 in favor of Civeo. The maximum leverage ratio financial covenant is set forth in the tables below. • If a qualified offering of indebtedness with gross proceeds in excess of $150 million has been consummated, a Maximum Leverage Ratio not to exceed the ratios set forth in the following table: Period Ended Maximum Leverage Ratio March 31, 2019 4.75 : 1:00 June 30, 2019 4.50 : 1:00 September 30, 2019 & thereafter 4.00 : 1:00 • and, if such qualified offering has not been consummated, a maximum leverage ratio not to exceed the ratios set forth in the following table: Period Ended Maximum Leverage Ratio March 31, 2019 4.75 : 1:00 June 30, 2019 4.50 : 1:00 September 30, 2019 4.00 : 1:00 December 31, 2019 & thereafter 3.50 : 1:00 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% to 4.00% , or a base rate plus 1.25% to 3.00% , in each case based on a ratio of our total debt to consolidated EBITDA (as defined in the Amended Credit Agreement). Canadian dollar amounts outstanding bear interest at a variable rate equal to a B/A Discount Rate based on the Canadian Dollar Offered Rate plus a margin of 2.25% to 4.00% , or a Canadian Prime rate plus a margin of 1.25% to 3.00% , in each case based on a ratio of our total debt to consolidated EBITDA. Australian dollar amounts outstanding under the Amended Credit Agreement bear interest at a variable rate equal to the Bank Bill Swap Bid Rate plus a margin of 2.25% to 4.00% , based on a ratio of our total debt to consolidated EBITDA. The Amended Credit Agreement contains customary affirmative and negative covenants that, among other things, limit or restrict: (i) 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 to 1.0 and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of no greater than 4.75 to 1.0 (as of March 31, 2019 ). As noted above, the permitted maximum leverage ratio changes over time. Following a qualified offering of indebtedness with gross proceeds in excess of $150 million , we will be required to maintain a maximum senior secured ratio less than 2.50 to 1.0. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Agreement. EBITDA and consolidated interest, as defined, exclude goodwill and asset impairments, debt discount amortization, amortization of intangibles and other non-cash charges. We were in compliance with our covenants as of March 31, 2019 . 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. As of March 31, 2019 , we have nine lenders that were parties to the Amended Credit Agreement, with total commitments (including both revolving commitments and term commitments) ranging from $24.9 million to $110.6 million .

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME 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 jurisdictions, Canada, Australia and the U.S., where statutory tax rates range from 21% to 30% . Our effective tax rate will vary from 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. Income taxes for any significant and unusual or extraordinary transactions are computed and recorded in the period in which the specific transaction occurs. As of March 31, 2019 , Australia was considered a loss jurisdictions for tax accounting purposes and has been removed from the annual effective tax rate computation for purposes of computing the interim tax provision. Our income tax benefit for the three months ended March 31, 2019 totaled $4.5 million , or 20.8% of pretax loss, compared to a benefit of $0.7 million , or 1.2% of pretax loss, for the three months ended March 31, 2018 . The difference between the effective rate in 2019 and 2018 is due to the change in jurisdictions which are considered loss jurisdictions for tax accounting purposes. For the three months ended March 31, 2018 , Canada, Australia and the U.S. were considered loss jurisdictions, while for the three months ended March 31, 2019 , only Australia was considered a loss jurisdiction. Additionally, the effective tax rate in 2018 was impacted by discrete items totaling $1.0 million .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss decreased $5.4 million from $371.2 million at December 31, 2018 to $365.9 million at March 31, 2019 , as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the first three months of 2019 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 $0.3 billion and A $0.4 billion , respectively, at March 31, 2019 .

Leases Leases

Leases Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	LEASES We have operating leases covering certain land locations and various office facilities and equipment in our three reportable business segments. Our leases have remaining lease terms of one year to nine years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 90 days. The components of lease expense were $1.8 million and $1.3 million under operating leases during the three month periods ended March 31, 2019 and 2018 , respectively. Included in the measurement of lease liabilities, we paid $1.7 million in cash related to operating leases during the three month periods ended March 31, 2019 . Right-of-use assets obtained in exchange for new lease obligations related to operating leases during the three months ended March 31, 2019 were $1.7 million . Supplemental balance sheet information related to leases were as follows (in thousands): March 31, 2019 Operating leases Operating lease right-of-use assets $ 22,225 Other current liabilities $ 4,890 Operating lease liabilities 18,529 Total operating lease liabilities $ 23,419 Weighted average remaining lease term Operating leases 6.1 years Weighted average discount rate Operating leases 5.9 % Maturities of operating lease liabilities at March 31, 2019 , were as follows (in thousands): For the years ending December 31, 2019 $ 4,643 2020 5,558 2021 4,202 2022 3,129 2023 2,461 Thereafter 7,546 Total lease payments 27,539 Less imputed interest 4,120 Total $ 23,419

Share Based Compensation

Share Based Compensation	3 Months Ended
	Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Based Compensation	SHARE BASED COMPENSATION Certain key 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 our Board of Directors and the Compensation Committee of our Board of Directors to approve grants of options, awards of restricted shares, performance awards and dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors. No more than 18.7 million Civeo common shares may be awarded under the Civeo Plan. Outstanding Awards Options. Compensation expense associated with options recognized in the three months ended March 31, 2019 and 2018 totaled zero and less than $0.1 million , respectively. There was no unrecognized compensation cost related to options. Restricted Share / Deferred Share Awards. On February 25, 2019, we granted 1,334,189 restricted share awards and deferred share awards under the Civeo Plan, which vest in three equal annual installments beginning on February 25, 2020. Compensation expense associated with restricted share awards and deferred share awards recognized in the three months ended March 31, 2019 and 2018 totaled $1.4 million and $1.2 million , respectively. The total fair value of restricted share awards and deferred share awards that vested during the three months ended March 31, 2019 and 2018 was $3.5 million and $2.4 million , respectively. At March 31, 2019 , unrecognized compensation cost related to restricted share awards and deferred share awards was $9.3 million , which is expected to be recognized over a weighted average period of 2.1 years . Phantom Share Awards. On February 25, 2019, we granted 1,144,407 phantom share awards under the Civeo Plan, which vest in three equal annual installments beginning on February 25, 2020. We also granted 301,683 phantom share awards under the Canadian Long-Term Incentive Plan, which vest in three equal annual installments beginning on February 25, 2020. During the three months ended March 31, 2019 and 2018 , we recognized compensation expense associated with phantom shares totaling $3.1 million and $3.4 million , respectively. At March 31, 2019 , unrecognized compensation cost related to phantom shares was $3.3 million , as remeasured at March 31, 2019 , which is expected to be recognized over a weighted average period of 2.7 years . Performance Awards. On February 25, 2019, we granted 1,194,210 performance awards under the Civeo Plan, which cliff vest in three years on February 25, 2022. These awards will be earned in amounts between 0% and 200% of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group that includes 17 other companies. During the three months ended March 31, 2019 and 2018 , we recognized compensation expense associated with performance awards totaling $1.1 million and $1.0 million , respectively. The total fair value of performance share awards that vested during the three months ended March 31, 2019 was $10.1 million . At March 31, 2019 , unrecognized compensation cost related to performance shares was $8.3 million , which is expected to be recognized over a weighted average period of 2.3 years .

Segment and Related Information

Segment and Related Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment and Related Information	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 hospitality services. Financial information by business segment for each of the three months ended March 31, 2019 and 2018 is summarized in the following table (in thousands): Total Revenues Depreciation and amortization Operating income (loss) Capital expenditures Total assets Three months ended March 31, 2019 Canada $ 66,770 $ 16,228 $ (11,595 ) $ 7,064 $ 825,100 Australia 28,421 9,757 (385 ) 935 284,574 United States 13,359 3,066 (961 ) 1,520 59,193 Corporate and eliminations — 1,731 (4,952 ) 160 (160,869 ) Total $ 108,550 $ 30,782 $ (17,893 ) $ 9,679 $ 1,007,998 Three months ended March 31, 2018 Canada $ 63,390 $ 16,511 $ (40,303 ) $ 1,072 $ 502,998 Australia 27,875 11,117 (3,166 ) 595 338,239 United States 10,239 1,606 (3,264 ) 869 57,954 Corporate and eliminations — 1,530 (5,782 ) 160 (92,220 ) Total $ 101,504 $ 30,764 $ (52,515 ) $ 2,696 $ 806,971

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Reclassification	Certain reclassifications have been made to the consolidated statements of operations for the three months ended March 31, 2018 to conform to current year presentation.
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 or other guidance updates, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption. In January 2017, the FASB issued Accounting Standards Update (ASU) 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." The standard simplifies the accounting for goodwill impairment by requiring a goodwill impairment to be measured using a single step impairment model, whereby the impairment equals the difference between the carrying amount and the fair value of the specified reporting units in their entirety. This eliminates the second step of the current impairment model that requires companies to first estimate the fair value of all assets in a reporting unit and measure impairments based on those fair values and a residual measurement approach. It also specifies that any loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective prospectively for public business entities for annual reporting periods beginning after December 15, 2019, and early adoption is permitted. We will adopt this new standard no later than January 1, 2020. The impact of the new standard will be dependent on the specific facts and circumstances of future individual goodwill impairments, if any. In June 2016, the FASB issued 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 anticipate adopting ASU 2016-13 as of January 1, 2020. 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. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 and interim periods within the reporting periods. Effective with this quarterly report on Form 10-Q for the quarter ended March 31, 2019, we have adopted this standard effective January 1, 2019 using the optional transition method, which allows us upon adoption to recognize a cumulative-effect adjustment to the opening balance of accumulated deficit for the application of the standard to our existing leases. Upon adoption of this standard, we recognized a cumulative effect adjustment of $0.7 million (net of $0.2 million of taxes) to increase accumulated deficit in the accompanying unaudited consolidated balance sheet as of March 31, 2019 . ASU 2016-02 requires lessees to recognize a lease liability and a right-of-use asset for certain leases. We elected the package of practical expedients, which among other things, allowed us to carry forward the historical lease identification and classification. In addition, we have elected the short-term lease recognition exemption for all leases that qualify. Accordingly, we did not recognize right-of-use assets or lease liabilities for leases with terms shorter than 12 months. Our evaluation process included reviewing all forms of leases, performing a completeness assessment over the lease population and analyzing the available practical expedients in order to determine the best implementation strategy. We determined that certain of our accommodation contracts with customers contain both a lease and non-lease or service component and in those instances concluded the service component was the predominant component. As a result, we elected the practical expedient under ASU 2018-11, which allows us to combine the lease and non-lease components of revenues for presentation purposes in accordance with Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers” (ASC 606). We also have identified certain arrangements with customers whereby we are a lessor for the rental of mobile camp assets primarily in our U.S segment. For arrangements where we are the lessor, the adoption of the new lease standard did not have a material impact on our financial statements as all of our leases are operating leases, which will result in straight-line recognition of rental revenue. Adoption of the new standard resulted in $21.3 million of operating lease right-of-use assets and $22.4 million of operating lease liabilities as of January 1, 2019. Please see Note 14 – Leases for further information.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
Revenues [Abstract]
Disaggregation of Revenue	The following table disaggregates our revenue by our three reportable segments: Canada, Australia and U.S., and major categories for the periods indicated (in thousands): Three Months Ended 2019 2018 Canada Accommodation revenues $ 57,652 $ 50,647 Mobile facility rental revenues 781 7,794 Food service and other services revenues 8,337 3,739 Manufacturing revenues — 1,210 Total Canada revenues 66,770 63,390 Australia Accommodation revenues $ 28,421 $ 27,698 Food service and other services revenues — 177 Total Australia revenues 28,421 27,875 United States Accommodation revenues $ 4,924 $ 3,166 Mobile facility rental revenues 6,597 3,577 Manufacturing revenues 1,795 3,464 Food service and other services revenues 43 32 Total United States revenues 13,359 10,239 Total revenues $ 108,550 $ 101,504
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	As of March 31, 2019 , for contracts that are greater than one year, the table below discloses the estimated revenues related to performance obligations that are unsatisfied (or partially unsatisfied) and when we expect to recognize the revenue (in thousands): For the years ending December 31, 2019 2020 2021 Thereafter Total Revenue expected to be recognized as of March 31, 2019 $ 74,823 $ 55,613 $ 7,764 $ 135 $ 138,335

Details of Selected Balance S_2

Details of Selected Balance Sheet Accounts (Tables)	3 Months Ended
	Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable	Additional information regarding selected balance sheet accounts at March 31, 2019 and December 31, 2018 is presented below (in thousands): March 31, 2019 December 31, 2018 Accounts receivable, net: Trade $ 48,089 $ 48,875 Unbilled revenue 25,538 21,169 Other 135 555 Total accounts receivable 73,762 70,599 Allowance for doubtful accounts (249 ) (376 ) Total accounts receivable, net $ 73,513 $ 70,223
Schedule of Inventories	March 31, 2019 December 31, 2018 Inventories: Finished goods and purchased products $ 2,350 $ 2,461 Work in process 916 945 Raw materials 1,010 907 Total inventories $ 4,276 $ 4,313
Property, Plant and Equipment	Estimated Useful Life (in years) March 31, 2019 December 31, 2018 Property, plant and equipment, net: Land $ 46,846 $ 46,805 Accommodations assets 3 — 15 1,675,611 1,650,758 Buildings and leasehold improvements 7 — 20 25,496 25,168 Machinery and equipment 4 — 15 10,948 10,693 Office furniture and equipment 3 — 7 55,081 54,459 Vehicles 3 — 5 14,480 14,589 Construction in progress 14,415 7,119 Total property, plant and equipment 1,842,877 1,809,591 Accumulated depreciation (1,191,958 ) (1,150,686 ) Total property, plant and equipment, net $ 650,919 $ 658,905
Schedule of Accrued Liabilities	March 31, 2019 December 31, 2018 Accrued liabilities: Accrued compensation $ 10,040 $ 13,545 Accrued taxes, other than income taxes 3,098 2,177 Accrued interest 16 5 Other 217 229 Total accrued liabilities $ 13,371 $ 15,956

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the fair values of the assets acquired and liabilities assumed at April 2, 2018 (in thousands): Cash and cash equivalents $ 24 Accounts receivable (1) 21,456 Inventories 839 Other current assets 4,266 Property, plant and equipment 129,424 Goodwill 123,569 Intangible assets 110,736 Total assets acquired 390,314 Accounts payable and accrued liabilities 15,023 Income taxes payable 1,038 Other current liabilities 2,027 Deferred income taxes 51,543 Other noncurrent liabilities 5,133 Total liabilities assumed 74,764 Net assets acquired $ 315,550 (1) The aggregate fair value of the acquired accounts receivable approximated the aggregate gross contractual amount.

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the carrying amount as of March 31, 2019 and December 31, 2018 of the major classes of assets from the modular construction and manufacturing plant, undeveloped land positions and Noralta’s corporate offices we classified as held for sale (in thousands): March 31, 2019 December 31, 2018 Assets held for sale: Property, plant and equipment, net $ 8,058 $ 10,297 Total assets held for sale $ 8,058 $ 10,297

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	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 March 31, 2019 2018 Basic Loss per Share Net loss attributable to Civeo common shareholders $ (17,498 ) $ (55,457 ) Less: undistributed net income to participating securities — — Net loss attributable to Civeo common shareholders - basic $ (17,498 ) $ (55,457 ) Weighted average common shares outstanding - basic 165,330 131,631 Basic loss per share $ (0.11 ) $ (0.42 ) Diluted Loss per Share Net loss attributable to Civeo common shareholders - basic $ (17,498 ) $ (55,457 ) Less: undistributed net income to participating securities — — Net loss attributable to Civeo common shareholders - diluted $ (17,498 ) $ (55,457 ) Weighted average common shares outstanding - basic 165,330 131,631 Effect of dilutive securities (1) — — Weighted average common shares outstanding - diluted 165,330 131,631 Diluted loss per share $ (0.11 ) $ (0.42 ) (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 months ended March 31, 2019 and 2018 . In the three months ended March 31, 2019 and 2018 , we excluded from the calculation 3.6 million and 2.8 million share based awards, respectively, since the effect would have been anti-dilutive. In the three months ended March 31, 2019 , we excluded from the calculation the impact of converting the Preferred Shares into 28.0 million common shares, since the effect would have been anti-dilutive.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	As of March 31, 2019 and December 31, 2018 , long-term debt consisted of the following (in thousands): March 31, 2019 December 31, 2018 Canadian term loan, which matures on November 30, 2020; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 5.7% for the three-month period ended March 31, 2019 $ 244,477 $ 247,910 U.S. revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 7.0% for the three-month period ended March 31, 2019 — — Canadian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 6.4% for the three-month period ended March 31, 2019 136,191 114,348 Australian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 5.5% for the three-month period ended March 31, 2019 2,838 16,918 383,506 379,176 Less: Unamortized debt issuance costs 2,597 2,939 Total debt 380,909 376,237 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 34,068 33,329 Long-term debt, less current maturities $ 346,841 $ 342,908
Schedule Of Changes In Maximum Leverage Ratio	If a qualified offering of indebtedness with gross proceeds in excess of $150 million has been consummated, a Maximum Leverage Ratio not to exceed the ratios set forth in the following table: Period Ended Maximum Leverage Ratio March 31, 2019 4.75 : 1:00 June 30, 2019 4.50 : 1:00 September 30, 2019 & thereafter 4.00 : 1:00 and, if such qualified offering has not been consummated, a maximum leverage ratio not to exceed the ratios set forth in the following table: Period Ended Maximum Leverage Ratio March 31, 2019 4.75 : 1:00 June 30, 2019 4.50 : 1:00 September 30, 2019 4.00 : 1:00 December 31, 2019 & thereafter 3.50 : 1:00

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Supplemental balance sheet information	Supplemental balance sheet information related to leases were as follows (in thousands): March 31, 2019 Operating leases Operating lease right-of-use assets $ 22,225 Other current liabilities $ 4,890 Operating lease liabilities 18,529 Total operating lease liabilities $ 23,419 Weighted average remaining lease term Operating leases 6.1 years Weighted average discount rate Operating leases 5.9 %
Operating lease maturity schedule	Maturities of operating lease liabilities at March 31, 2019 , were as follows (in thousands): For the years ending December 31, 2019 $ 4,643 2020 5,558 2021 4,202 2022 3,129 2023 2,461 Thereafter 7,546 Total lease payments 27,539 Less imputed interest 4,120 Total $ 23,419

Segment and Related Informati_2

Segment and Related Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Financial information by business segment for each of the three months ended March 31, 2019 and 2018 is summarized in the following table (in thousands): Total Revenues Depreciation and amortization Operating income (loss) Capital expenditures Total assets Three months ended March 31, 2019 Canada $ 66,770 $ 16,228 $ (11,595 ) $ 7,064 $ 825,100 Australia 28,421 9,757 (385 ) 935 284,574 United States 13,359 3,066 (961 ) 1,520 59,193 Corporate and eliminations — 1,731 (4,952 ) 160 (160,869 ) Total $ 108,550 $ 30,782 $ (17,893 ) $ 9,679 $ 1,007,998 Three months ended March 31, 2018 Canada $ 63,390 $ 16,511 $ (40,303 ) $ 1,072 $ 502,998 Australia 27,875 11,117 (3,166 ) 595 338,239 United States 10,239 1,606 (3,264 ) 869 57,954 Corporate and eliminations — 1,530 (5,782 ) 160 (92,220 ) Total $ 101,504 $ 30,764 $ (52,515 ) $ 2,696 $ 806,971

Description of Business and B_2

Description of Business and Basis of Presentation - Narrative (Details)	3 Months Ended
	Mar. 31, 2019segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for new accounting standard			$ 699	$ (394)
Operating lease right-of-use assets	$ 22,225	$ 21,300	0
Total operating lease liabilities	$ 23,419	22,400
Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for new accounting standard			$ 699	$ (394)
Accumulated Deficit | Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for new accounting standard		700
Taxes on cumulative effect adjustment		$ 200

Revenue - Narrative (Details)

Revenue - Narrative (Details)	3 Months Ended
	Mar. 31, 2019segment
Revenues [Abstract]
Number of reportable segments	3

Revenue - Disaggregation of rev

Revenue - Disaggregation of revenue by major categories (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Total Revenues	$ 108,550	$ 101,504
Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total Revenues	6,490	3,321
Canadian
Disaggregation of Revenue [Line Items]
Total Revenues	66,770	63,390
Canadian | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total Revenues	57,652	50,647
Canadian | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total Revenues	781	7,794
Canadian | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total Revenues	8,337	3,739
Canadian | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total Revenues	0	1,210
Australian
Disaggregation of Revenue [Line Items]
Total Revenues	28,421	27,875
Australian | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total Revenues	28,421	27,698
Australian | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total Revenues	0	177
United States
Disaggregation of Revenue [Line Items]
Total Revenues	13,359	10,239
United States | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total Revenues	4,924	3,166
United States | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total Revenues	6,597	3,577
United States | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total Revenues	43	32
United States | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total Revenues	$ 1,795	$ 3,464

Revenue - Revenue related to pe

Revenue - Revenue related to performance obligations (Details) $ in Thousands	Mar. 31, 2019USD ($)
Revenues [Abstract]
Revenue expected to be recognized	$ 138,335
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2019-04-01
Revenues [Abstract]
Revenue expected to be recognized	$ 74,823
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	9 months
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2020-01-01
Revenues [Abstract]
Revenue expected to be recognized	$ 55,613
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2021-01-01
Revenues [Abstract]
Revenue expected to be recognized	$ 7,764
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2022-01-01
Revenues [Abstract]
Revenue expected to be recognized	$ 135
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period

Details of Selected Balance S_3

Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 73,762	$ 70,599
Allowance for doubtful accounts	(249)	(376)
Total accounts receivable, net	73,513	70,223
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	48,089	48,875
Unbilled revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	25,538	21,169
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 135	$ 555

Details of Selected Balance S_4

Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Inventories:
Finished goods and purchased products	$ 2,350	$ 2,461
Work in process	916	945
Raw materials	1,010	907
Total inventories	$ 4,276	$ 4,313

Details of Selected Balance S_5

Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,842,877	$ 1,809,591
Accumulated depreciation	(1,191,958)	(1,150,686)
Total property, plant and equipment, net	650,919	658,905
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	46,846	46,805
Accommodations assets
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,675,611	1,650,758
Accommodations assets | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Accommodations assets | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	15 years
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 25,496	25,168
Buildings and leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	7 years
Buildings and leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	20 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 10,948	10,693
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	4 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	15 years
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 55,081	54,459
Office furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Office furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 14,480	14,589
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	5 years
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 14,415	$ 7,119

Details of Selected Balance S_6

Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accrued liabilities:
Accrued compensation	$ 10,040	$ 13,545
Accrued taxes, other than income taxes	3,098	2,177
Accrued interest	16	5
Other	217	229
Total accrued liabilities	$ 13,371	$ 15,956

Impairment Charges (Details)

Impairment Charges (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Estimated fair value of Canadian lodge		$ 650,919,000	$ 658,905,000
Canadian | Two Lodges in Southern Alberta
Property, Plant and Equipment [Line Items]
Estimated fair value of Canadian lodge	$ 0
Impairment expense of long-lived assets held-for-use	$ 28,700,000

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) $ in Millions, $ in Millions	Apr. 02, 2018USD ($)shares	Apr. 02, 2018CAD ($)shares	Feb. 28, 2018USD ($)aRoomshares	Mar. 31, 2019USD ($)
Business Acquisition [Line Items]
Acquisition related transaction costs				$ 1
Noralta
Business Acquisition [Line Items]
Cash consideration	$ 161.2	$ 207.7
Shares issued (in shares) | shares	32,791,000	32,791,000
Escrow deposit disbursements				$ 2.1
Noralta | Preferred shares | Class A Series 1 Preferred Stock
Business Acquisition [Line Items]
Shares issued (in shares) | shares	9,679	9,679
Liquidation preference amount, Preferred shares	$ 96.8
Lakeland
Business Acquisition [Line Items]
Cash consideration			$ 23.5
Shares issued (in shares) | shares			1,200,000
Business acquisitions, consideration transferred, total			$ 28
Common share consideration			$ 4.5
Number of rooms | Room			400
Area of land | a			40

Acquisitions - Purchase conside

Acquisitions - Purchase consideration and estimated fair value (Details) - Noralta - USD ($) $ in Millions	Apr. 02, 2018	Mar. 31, 2019
Business Acquisition [Line Items]
Common shares issued	32,791,000
Escrow deposit disbursements		$ 2.1

Acquisitions - Estimated fair v

Acquisitions - Estimated fair values of assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Apr. 02, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 119,158	$ 114,207
Noralta
Acquired Finite-Lived Intangible Assets [Line Items]
Cash and cash equivalents			$ 24
Accounts receivable			21,456
Inventories			839
Other current assets			4,266
Property, plant and equipment			129,424
Goodwill			123,569
Intangible assets			110,736
Total assets acquired			390,314
Accounts payable and accrued liabilities			15,023
Income taxes payable			1,038
Other current liabilities			2,027
Deferred income taxes			51,543
Other noncurrent liabilities			5,133
Total liabilities assumed			74,764
Net assets acquired			$ 315,550

Assets Held for Sale - Narrativ

Assets Held for Sale - Narrative (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)Property	Dec. 31, 2018USD ($)Property	Apr. 02, 2018Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale, estimated fair value less costs of sale	$ 8,058	$ 10,297
Undeveloped Land Positions in the British Columbia Segment | Canadian
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale, estimated fair value less costs of sale	1,600
Proceeds from Sale of Productive Assets	$ 4,000
Number of Land Positions | Property	4
Noralta | Noralta | Canadian
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties | Property			2
Number of real estate properties sold | Property		1
Estimated fair value of remaining property	$ 1,800

Assets Held for Sale - Carrying

Assets Held for Sale - Carrying Amount of Assets Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Property, plant and equipment, net	$ 8,058	$ 10,297
Total assets held for sale	$ 8,058	$ 10,297

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Employee stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3.6	2.8
Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	28

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net loss attributable to Civeo common shareholders	$ (17,498)	$ (55,457)
Less: undistributed net income to participating securities	0	0
Net loss attributable to Civeo common shareholders - basic	$ (17,498)	$ (55,457)
Weighted average common shares outstanding - basic (in shares)	165,330	131,631
Basic loss per share (USD per share)	$ (0.11)	$ (0.42)
Net loss attributable to Civeo common shareholders - basic	$ (17,498)	$ (55,457)
Net loss attributable to Civeo common shareholders - diluted	$ (17,498)	$ (55,457)
Effect of dilutive securities (in shares)	0	0
Weighted average common shares outstanding - diluted (in shares)	165,330	131,631
Diluted loss per share (USD per share)	$ (0.11)	$ (0.42)

Debt - Long-term Debt (Details)

Debt - Long-term Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt, gross	$ 383,506	$ 379,176
Less: Unamortized debt issuance costs	2,597	2,939
Total debt	380,909	376,237
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	34,068	33,329
Long-term debt, less current maturities	346,841	342,908
Canadian term loan, 2.50% of aggregate principal repayable per quarter; weighted average interest rate of 5.3% for the period
Debt Instrument [Line Items]
Canadian term loan	$ 244,477	247,910
Stated interest rate	3.125%
Weighted average interest rate of term loan	5.70%
U.S. revolving credit facility, weighted average interest rate of 7.0% for the period
Debt Instrument [Line Items]
Revolving credit facility	$ 0	0
Interest rate on line of credit facility	7.00%
Canadian revolving credit facility, weighted average interest rate of 6.0% for the period
Debt Instrument [Line Items]
Revolving credit facility	$ 136,191	114,348
Interest rate on line of credit facility	6.40%
Australian revolving credit facility, weighted average interest rate of 5.4% for the period
Debt Instrument [Line Items]
Revolving credit facility	$ 2,838	$ 16,918
Interest rate on line of credit facility	5.50%

Debt - Amended credit agreement

Debt - Amended credit agreement (Details)	Dec. 31, 2018USD ($)	Mar. 31, 2019USD ($)Lender
Line of Credit Facility [Line Items]
Interest coverage ratio		3
Maximum leverage ratio		4.75
Maximum senior secured ratio		2.50
Line of credit | London Interbank Offered Rate (LIBOR) | Minimum | United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Line of credit | London Interbank Offered Rate (LIBOR) | Maximum | United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Line of credit | Base rate | Minimum | United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Line of credit | Base rate | Minimum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Line of credit | Base rate | Maximum | United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.00%
Line of credit | Base rate | Maximum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.00%
Line of credit | Canadian Dealer Offered Rate (CDOR) | Minimum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Line of credit | Canadian Dealer Offered Rate (CDOR) | Maximum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Line of credit | Bank Bill Swap Bid Rate (BBSY) | Minimum | Australia, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Line of credit | Bank Bill Swap Bid Rate (BBSY) | Maximum | Australia, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Amended credit facility
Line of Credit Facility [Line Items]
Maximum leverage ratio		4.75
Number of lenders | Lender		9
Amended credit facility | Minimum
Line of Credit Facility [Line Items]
Lender commitments, within credit agreement		$ 24,900,000
Amended credit facility | Maximum
Line of Credit Facility [Line Items]
Lender commitments, within credit agreement		110,600,000
Amended credit facility | US term loan
Line of Credit Facility [Line Items]
Term loan, face amount	$ 325,000,000
Revolving credit facility | Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	239,500,000
Revolving credit facility, U.S. subsidiaries | Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	20,000,000
Outstanding letters of credit		400,000
Revolving credit facility, Canadian subsidiaries | Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	159,500,000
Outstanding letters of credit		2,500,000
Revolving credit facility, Australian subsidiaries | Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 60,000,000
Outstanding letters of credit		$ 500,000

Debt - Changes to Maximum Lever

Debt - Changes to Maximum Leverage Ratio (Details) $ in Millions	Dec. 31, 2018USD ($)	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019USD ($)
Debt Instrument [Line Items]
Maximum leverage ratio					4.75
Amended And Restated Syndicated Facility Agreement | Maximum Leverage Ratio | Revolving credit facility, Australian subsidiaries
Debt Instrument [Line Items]
Gross proceeds from qualified offering of indebtedness	$ 150				$ 150
Amended credit facility
Debt Instrument [Line Items]
Maximum leverage ratio					4.75
Amended credit facility | Offering of Indebtedness
Debt Instrument [Line Items]
Maximum leverage ratio					4.75
Amended credit facility | Scenario, Forecast
Debt Instrument [Line Items]
Maximum leverage ratio		3.50	4	4.50
Amended credit facility | Scenario, Forecast | Offering of Indebtedness
Debt Instrument [Line Items]
Maximum leverage ratio			4	4.50

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Income Taxes [Line Items]
Income tax expense (benefit), Total	$ 4,484	$ 685
Income tax benefit, percent of pretax loss	20.80%	1.20%
Income Tax Expense (Benefit), Other Discrete Tax Benefits	$ 1,000
Minimum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	21.00%
Maximum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	30.00%

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss - Narrative (Details) $ in Thousands, $ in Billions, $ in Billions	3 Months Ended
	Mar. 31, 2019USD ($)	Mar. 31, 2019AUD ($)	Mar. 31, 2019CAD ($)	Dec. 31, 2018USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Increase in other comprehensive loss, foreign currency exchange rate fluctuations during the period	$ (5,400)
Accumulated other comprehensive loss	$ (365,870)			$ (371,249)
International functional currency net assets		$ 0.4	$ 0.3

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)
Lessee, Lease, Description [Line Items]
Number of reportable segments | segment	3
Options to extend operating leases	10 years
Options to terminate leases	90 days
Operating lease expense	$ 1.8	$ 1.3
Cash payments for leases	1.7
Right-of-use asset obtained in exchange for new lease obligation	$ 1.7
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	9 years

Leases - Operating Leases Suppl

Leases - Operating Leases Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating leases
Operating lease right-of-use assets	$ 22,225	$ 21,300	$ 0
Liabilities [Abstract]
Other current liabilities	4,890
Operating lease liabilities	18,529		$ 0
Total operating lease liabilities	$ 23,419	$ 22,400
Weighted average remaining lease term, operating leases	6 years 30 days
Weighted average discount rate, operating leases	5.90%

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
Leases [Abstract]
2019	$ 4,643
2020	5,558
2021	4,202
2022	3,129
2023	2,461
Thereafter	7,546
Total lease payments	27,539
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	4,120
Operating Lease, Liability	$ 23,419	$ 22,400

Share Based Compensation - Narr

Share Based Compensation - Narrative (Details)	Feb. 25, 2019Companyshares	Mar. 31, 2019USD ($)shares	Mar. 31, 2018USD ($)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation arrangement, number of shares authorized (in shares) | shares		18,700,000
Employee stock option
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)		$ 0	$ 100,000
Restricted stock and deferred stock awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)		1,400,000	1,200,000
Fair value of restricted share awards and deferred compensation that vested during the period		3,500,000	2,400,000
Unrecognized compensation cost related to share awards		$ 9,300,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.		2 years 30 days
Restricted stock and deferred stock awards | Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Restricted share awards, grants during period (in shares) | shares	1,334,189
Vesting period of share awards	3 years
Phantom share units (PSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)		$ 3,100,000	3,400,000
Unrecognized compensation cost related to share awards		$ 3,300,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.		2 years 250 days
Phantom share units (PSUs) | Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Vesting period of share awards	3 years
Phantom share units vested during the period (in shares) | shares	1,144,407
Phantom share units (PSUs) | Canadian Long-Term Incentive Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Vesting period of share awards	3 years
Phantom share units vested during the period (in shares) | shares	301,683
Performance shares
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)		$ 1,100,000	$ 1,000,000
Fair value of restricted share awards and deferred compensation that vested during the period		10,100,000
Unrecognized compensation cost related to share awards		$ 8,300,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.		2 years 100 days
Performance shares | Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Restricted share awards, grants during period (in shares) | shares	1,194,210
Vesting period of share awards	3 years
Peer group, number of companies | Company	17
Performance shares | Civeo Plan | Minimum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance share award, percentage	0.00%
Performance shares | Civeo Plan | Maximum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance share award, percentage	200.00%

Segment and Related Informati_3

Segment and Related Information - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Total Revenues	$ 108,550	$ 101,504
Depreciation and amortization	30,782	30,764
Operating income (loss)	(17,893)	(52,515)
Capital expenditures	9,679	2,696
Total assets	1,007,998	806,971	$ 1,001,677
Canadian
Total Revenues	66,770	63,390
Australian
Total Revenues	28,421	27,875
U.S.
Total Revenues	13,359	10,239
Operating Segments | Canadian
Total Revenues	66,770	63,390
Depreciation and amortization	16,228	16,511
Operating income (loss)	(11,595)	(40,303)
Capital expenditures	7,064	1,072
Total assets	825,100	502,998
Operating Segments | Australian
Total Revenues	28,421	27,875
Depreciation and amortization	9,757	11,117
Operating income (loss)	(385)	(3,166)
Capital expenditures	935	595
Total assets	284,574	338,239
Operating Segments | U.S.
Total Revenues	13,359	10,239
Depreciation and amortization	3,066	1,606
Operating income (loss)	(961)	(3,264)
Capital expenditures	1,520	869
Total assets	59,193	57,954
Corporate and eliminations
Total Revenues	0	0
Depreciation and amortization	1,731	1,530
Operating income (loss)	(4,952)	(5,782)
Capital expenditures	160	160
Total assets	$ (160,869)	$ (92,220)