Civeo (CVEO) 10-Q 29 Jul 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-36246
Entity Registrant Name	Civeo Corp
Entity Central Index Key	0001590584
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Incorporation, State or Country Code	A1
Entity Tax Identification Number	98-1253716
Entity Address, Address Line One	Three Allen Center
Entity Address, Address Line Two	333 Clay Street
Entity Address, Address Line Three	Suite 4980
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77002
City Area Code	713
Local Phone Number	510-2400
Title of 12(b) Security	Common Shares, no par value
Trading Symbol	CVEO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		170,578,068

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 114,702	$ 122,153	$ 253,494	$ 230,703
Costs and expenses:
Selling, general and administrative expenses	11,490	12,530	25,427	28,626
Depreciation and amortization expense	22,205	30,996	47,707	61,778
Impairment expense	0	5,546	144,120	5,546
Other operating expense (income)	(285)	(103)	704	(168)
Total costs and expenses	116,543	134,209	404,404	260,652
Operating loss	(1,841)	(12,056)	(150,910)	(29,949)
Interest expense	(3,854)	(6,720)	(9,449)	(13,355)
Interest income	4	22	20	49
Other income	12,642	1,055	12,667	4,033
Income (loss) before income taxes	6,951	(17,699)	(147,672)	(39,222)
Income tax (expense) benefit	(122)	2,850	8,689	7,334
Net income (loss)	6,829	(14,849)	(138,983)	(31,888)
Less: Net income attributable to noncontrolling interest	222	0	480	0
Net income (loss) attributable to Civeo Corporation	6,607	(14,849)	(139,463)	(31,888)
Less: Dividends attributable to Class A preferred shares	471	461	939	920
Net income (loss) attributable to Civeo common shareholders	$ 6,136	$ (15,310)	$ (140,402)	$ (32,808)
Per Share Data (see Note 8)
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ (0.09)	$ (0.83)	$ (0.20)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ (0.09)	$ (0.83)	$ (0.20)
Weighted average number of common shares outstanding:
Basic (in shares)	169,812	167,532	169,165	166,437
Diluted (in shares)	169,990	167,532	169,165	166,437
Service and other
Revenues:
Total revenues	$ 110,006	$ 112,719	$ 239,405	$ 212,798
Costs and expenses:
Service and other costs	78,860	77,659	174,904	150,303
Rental
Revenues:
Total revenues	3,865	7,625	10,044	14,115
Costs and expenses:
Service and other costs	3,615	6,357	8,428	11,507
Product
Revenues:
Total revenues	831	1,809	4,045	3,790
Costs and expenses:
Service and other costs	$ 658	$ 1,224	$ 3,114	$ 3,060

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,829	$ (14,849)	$ (138,983)	$ (31,888)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustment, net of zero taxes	29,385	1,084	(19,156)	6,463
Total other comprehensive income (loss), net of taxes	29,385	1,084	(19,156)	6,463
Comprehensive income (loss)	36,214	(13,765)	(158,139)	(25,425)
Less: Comprehensive income attributable to noncontrolling interest	303	0	466	0
Comprehensive income (loss) attributable to Civeo Corporation	$ 35,911	$ (13,765)	$ (158,605)	$ (25,425)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation charges, taxes	$ 0	$ 0	$ 0	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 7,311	$ 3,331
Accounts receivable, net	85,553	99,493
Inventories	7,683	5,877
Prepaid expenses	7,482	7,247
Other current assets	9,910	7,904
Assets held for sale	0	7,589
Total current assets	117,939	131,441
Property, plant and equipment, net	486,815	590,309
Goodwill	7,778	110,173
Other intangible assets, net	100,423	111,837
Operating lease right-of-use assets	21,065	24,876
Other noncurrent assets	563	1,276
Total assets	734,583	969,912
Current liabilities:
Accounts payable	35,168	36,971
Accrued liabilities	16,910	21,755
Income taxes	571	328
Current portion of long-term debt	33,510	35,080
Deferred revenue	7,853	7,165
Other current liabilities	5,484	8,741
Total current liabilities	99,496	110,040
Long-term debt, less current maturities	264,522	321,792
Deferred income taxes	0	9,452
Operating lease liabilities	18,541	21,231
Other noncurrent liabilities	17,781	16,592
Total liabilities	400,340	479,107
Commitments and contingencies (Note 11)
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 $94,566 and $93,627 as of June 30, 2020 and December 31, 2019)	59,068	58,129
Common shares (no par value; 550,000,000 shares authorized, 173,742,579 shares and 171,656,039 shares issued, respectively, and 170,578,068 shares and 169,556,403 shares outstanding, respectively)	0	0
Additional paid-in capital	1,575,788	1,572,249
Accumulated deficit	(911,992)	(771,590)
Common shares held in treasury at cost, 3,164,511 and 2,099,636 shares, respectively	(6,930)	(5,472)
Accumulated other comprehensive loss	(382,315)	(363,173)
Total Civeo Corporation shareholders’ equity	333,619	490,143
Noncontrolling interest	624	662
Total shareholders’ equity	334,243	490,805
Total liabilities and shareholders’ equity	$ 734,583	$ 969,912

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred shares, par value (in dollars per share)	$ 0	$ 0
Preferred shares, authorized (in shares)	50,000,000	50,000,000
Preferred shares, issued (in shares)	9,042	9,042
Preferred shares, outstanding (in shares)	9,042	9,042
Preferred shares, liquidation preference	$ 94,566	$ 93,627
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)	173,742,579	171,656,039
Common stock, shares outstanding (in shares)	170,578,068	169,556,403
Treasury shares (in shares)	3,164,511	2,099,636

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Accumulated DeficitCumulative Effect, Period of Adoption, Adjustment	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU 2014-09	$ 535,424	$ 56,280		$ 1,562,133	$ (710,551)	$ (699)	$ (1,189)	$ (371,249)
Beginning balance at Dec. 31, 2018	535,424	56,280		1,562,133	(710,551)	(699)	(1,189)	(371,249)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(31,888)				(31,888)
Currency translation adjustment	6,463							6,463
Cumulative effect of implementation of ASU 2014-09	535,424	56,280		1,562,133	(710,551)	$ (699)	(5,472)	(371,249)
Dividends attributable to Class A preferred (shares)		920
Dividends attributable to Class A preferred shares					(920)
Share-based compensation	746			5,029			(4,283)
Ending balance at Jun. 30, 2019	$ 510,046	57,200		1,567,162	(744,058)		(5,472)	(364,786)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting standards update	us-gaap:AccountingStandardsUpdate201409Member
Cumulative effect of implementation of ASU 2014-09	$ 521,317	56,739		1,564,667	(728,748)		(5,471)	(365,870)
Beginning balance at Mar. 31, 2019	521,317	56,739		1,564,667	(728,748)		(5,471)	(365,870)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,849)				(14,849)
Currency translation adjustment	1,084							1,084
Cumulative effect of implementation of ASU 2014-09	510,046	57,200		1,567,162	(744,058)		(5,472)	(364,786)
Dividends attributable to Class A preferred (shares)		461
Dividends attributable to Class A preferred shares					(461)
Share-based compensation	2,494			2,495			(1)
Ending balance at Jun. 30, 2019	510,046	57,200		1,567,162	(744,058)		(5,472)	(364,786)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU 2014-09	510,046	57,200		1,567,162	(744,058)		(5,472)	(364,786)
Cumulative effect of implementation of ASU 2014-09	490,805	58,129		1,572,249	(771,590)		(5,472)	(363,173)	$ 662
Beginning balance at Dec. 31, 2019	490,805	58,129		1,572,249	(771,590)		(5,472)	(363,173)	662
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(138,983)				(139,463)				480
Currency translation adjustment	(19,156)							(19,142)	(14)
Cumulative effect of implementation of ASU 2014-09	334,243	59,068		1,575,788	(771,590)		(6,930)	(363,173)	624
Dividends paid	(504)								(504)
Dividends attributable to Class A preferred (shares)		939
Dividends attributable to Class A preferred shares					(939)
Share-based compensation	2,081			3,539			(1,458)
Ending balance at Jun. 30, 2020	334,243	$ 59,068		1,575,788	(911,992)		(6,930)	(382,315)	624
Beginning balance (in shares) at Dec. 31, 2019		9,042	169,556
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		0	1,022
Ending balance (in shares) at Jun. 30, 2020		9,042	170,578
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU 2014-09	296,945	$ 58,597		1,574,457	(918,128)		(6,914)	(411,619)	552
Beginning balance at Mar. 31, 2020	296,945	58,597		1,574,457	(918,128)		(6,914)	(411,619)	552
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	6,829				6,607				222
Currency translation adjustment	29,385							29,304	81
Cumulative effect of implementation of ASU 2014-09	334,243	59,068		1,575,788	(911,992)		(6,930)	(382,315)	624
Dividends paid	(231)								(231)
Dividends attributable to Class A preferred (shares)		471
Dividends attributable to Class A preferred shares					(471)
Share-based compensation	1,315			1,331			(16)
Ending balance at Jun. 30, 2020	334,243	$ 59,068		1,575,788	(911,992)		(6,930)	(382,315)	624
Ending balance (in shares) at Jun. 30, 2020		9,042	170,578
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU 2014-09	$ 334,243	$ 59,068		$ 1,575,788	$ (911,992)		$ (6,930)	$ (382,315)	$ 624

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ (138,983)	$ (31,888)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	47,707	61,778
Impairment charges	144,120	5,546
Deferred income tax benefit	(8,941)	(7,855)
Non-cash compensation charge	3,539	5,029
Gains on disposals of assets	(1,819)	(1,371)
Provision (benefit) for loss on receivables, net of recoveries	25	(56)
Other, net	(3,240)	1,444
Changes in operating assets and liabilities:
Accounts receivable	10,231	(18,616)
Inventories	(1,895)	(3)
Accounts payable and accrued liabilities	(4,583)	135
Taxes payable	251	244
Other current and noncurrent assets and liabilities, net	(1,094)	(4,427)
Net cash flows provided by operating activities	45,318	9,960
Cash flows from investing activities:
Capital expenditures	(3,847)	(21,208)
Proceeds from disposition of property, plant and equipment	1,897	4,448
Other, net	4,619	1,762
Net cash flows provided by (used in) investing activities	2,669	(14,998)
Cash flows from financing activities:
Revolving credit borrowings	122,320	135,862
Revolving credit repayments	(147,950)	(108,108)
Term loan repayments	(16,551)	(17,398)
Taxes paid on vested shares	(1,458)	(4,283)
Net cash flows provided by (used in) financing activities	(43,639)	6,073
Effect of exchange rate changes on cash	(368)	52
Net change in cash and cash equivalents	3,980	1,087
Cash and cash equivalents, beginning of period	3,331	12,372
Cash and cash equivalents, end of period	7,311	13,459
Non-cash financing activities:
Preferred dividends paid-in-kind	$ 939	$ 920

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2020
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. In many cases, we 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 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 primarily operate in some of the world’s most active oil, metallurgical (met) coal and iron ore producing regions, and our customers include major and independent oil and gas companies, mining companies, engineering companies and oilfield and mining service companies. We operate in three principal reportable business segments – Canada, Australia and the 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. 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, 2019.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle [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 June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses” (ASU 2016-13). This new standard changes how companies 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 adopted ASU 2016-13 as of January 1, 2020. The adoption of this new standard did not have a material impact on our consolidated financial statements.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The following table disaggregates our revenue by our three reportable segments: Canada, Australia and the U.S., and major categories for the periods indicated (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Canada Accommodation revenues $ 40,204 $ 66,183 $ 106,270 $ 123,835 Mobile facility rental revenues 6,072 1,819 8,580 2,600 Food service and other services revenues 6,710 9,086 17,484 17,423 Manufacturing revenues — 1,014 — 1,014 Total Canada revenues 52,986 78,102 132,334 144,872 Australia Accommodation revenues $ 34,933 $ 30,996 $ 67,518 $ 59,417 Food service and other services revenues 22,138 — 38,666 — Total Australia revenues 57,071 30,996 106,184 59,417 U.S. Accommodation revenues $ 242 $ 4,775 $ 1,498 $ 9,699 Mobile facility rental revenues 3,870 7,626 10,057 14,223 Manufacturing revenues 524 607 3,387 2,402 Food service and other services revenues 9 47 34 90 Total U.S. revenues 4,645 13,055 14,976 26,414 Total revenues $ 114,702 $ 122,153 $ 253,494 $ 230,703 Our payment terms vary by the type and location of our customer and the products or services offered. The term between invoicing and when our performance obligations are satisfied is not significant. Payment terms are generally within 30 days. We do not have significant financing components or significant payment terms. As of June 30, 2020, 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, 2020 2021 2022 Thereafter Total Revenue expected to be recognized as of June 30, 2020 $ 65,883 $ 60,430 $ 29,470 $ 11,762 $ 167,545

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019, 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 our first quarter of 2020 and the second and fourth quarter of 2019, we wrote down certain long-lived assets to fair value. We also recorded goodwill impairment charges related to one of our reporting units during the first quarter of 2020 and one of our reporting units during the fourth quarter of 2019. 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. We estimated the fair value when conducting the goodwill impairment and long-lived asset impairment tests primarily using an income approach. The discount rates used to value our reporting units for the interim goodwill impairment test, as well as the Canadian and U.S. segments long-lived asset impairment analysis ranged between 10.5% and 14.0%. These assumptions with respect to future circumstances included future cash flows, oil, met coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions. During the fourth quarter of 2019, our estimate of fair value of corporate office space in Canada and during the second quarter of 2019, our estimate of fair value of land in Australia, were based on appraisals from third parties. See Note 6 – Impairment Charges for further information. During the third quarter of 2019, we acquired Action Industrial Catering (Action) and recorded the assets acquired and liabilities assumed at fair value. Determining the fair value of these assets and liabilities required 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. See Note 7 – Acquisitions for further information.

DETAILS OF SELECTED BALANCE SHE

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019 is presented below (in thousands): June 30, 2020 December 31, 2019 Accounts receivable, net: Trade $ 62,603 $ 76,370 Unbilled revenue 18,761 23,041 Other (1) 4,432 335 Total accounts receivable 85,796 99,746 Allowance for credit losses (243) (253) Total accounts receivable, net $ 85,553 $ 99,493 (1) As of June 30, 2020, Other accounts receivable includes a $4.4 million receivable related to the Canada Emergency Wage Subsidy (CEWS), a subsidy implemented by the Canadian government in response to the COVID-19 pandemic. Other income in the second quarter of 2020 includes $6.2 million of income related to the CEWS. June 30, 2020 December 31, 2019 Inventories: Finished goods and purchased products $ 4,487 $ 3,982 Work in process 2,019 813 Raw materials 1,177 1,082 Total inventories $ 7,683 $ 5,877 Estimated June 30, 2020 December 31, 2019 Property, plant and equipment, net: Land $ 45,816 $ 43,147 Accommodations assets 3 — 15 1,617,979 1,696,425 Buildings and leasehold improvements 7 — 20 32,884 26,108 Machinery and equipment 4 — 15 11,905 12,060 Office furniture and equipment 3 — 7 57,489 58,005 Vehicles 3 — 5 14,448 14,604 Construction in progress 4,841 4,286 Total property, plant and equipment 1,785,362 1,854,635 Accumulated depreciation (1,298,547) (1,264,326) Total property, plant and equipment, net $ 486,815 $ 590,309 During the second quarter of 2020 we reclassified $6.6 million of assets held for sale back into property, plant and equipment due to no longer meeting the accounting requirements. June 30, 2020 December 31, 2019 Accrued liabilities: Accrued compensation $ 12,838 $ 17,169 Accrued taxes, other than income taxes 2,876 3,152 Other 1,196 1,434 Total accrued liabilities $ 16,910 $ 21,755

IMPAIRMENT CHARGES

IMPAIRMENT CHARGES	6 Months Ended
	Jun. 30, 2020
Asset Impairment Charges [Abstract]
IMPAIRMENT CHARGES	IMPAIRMENT CHARGES Quarter ended March 31, 2020 . During the first quarter of 2020, we recorded impairment expense related to goodwill and long-lived assets. The spread of the COVID-19 coronavirus (COVID-19) and the response thereto during the first quarter of 2020 negatively impacted the global economy. The resulting unprecedented decline in oil demand, coupled with disagreements between Saudi Arabia and Russia about production limits, resulted in a collapse of global oil prices in March 2020, thereby creating unprecedented downward pressure on stock prices in the energy industry, particularly small-cap companies with operations in the U.S. and Canada, such as Civeo. As a result, we experienced a sustained reduction of our share price during the first quarter of 2020. Our market capitalization implied an enterprise value which was significantly less than the sum of the estimated fair values of our reporting units, and we determined that an indicator of a goodwill impairment was present as of March 31, 2020. Accordingly, we performed an interim goodwill impairment test as of March 31, 2020, and the carrying amount of our Canadian reporting unit exceeded the reporting unit's fair value. Based on the results of the impairment test, we reduced the value of our goodwill in our Canadian reporting unit to zero and recognized impairment expense in the first quarter of 2020 of $93.6 million. Furthermore, as a result of the decline in global oil prices and forecasts for a potentially protracted period of lower prices, as well as the goodwill impairment in our Canadian segment, we determined all asset groups within this segment had experienced a trigger that indicated that the carrying values might not be recoverable. Accordingly, we assessed the carrying value of each asset group to determine if it continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying values of certain asset groups were determined to not be fully recoverable, and we proceeded to compare the estimated fair value of these asset groups to their respective carrying values. As a result, certain asset groups were written down to their estimated fair values of $43.5 million and we recorded impairment expense of $38.1 million related to long-lived assets in our Canadian segment. Also, as a result of the decline in global oil prices and forecasts for a potentially protracted period of lower prices, we reviewed all asset groups in our U.S. segment to determine if an indicator of impairment had occurred that would indicate that the carrying values of the asset groups in the segment might not be recoverable. We determined that certain asset groups within the segment had experienced an indicator of impairment, and thus we assessed the carrying values of our long-lived assets in the U.S. to determine if they continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying values of certain of our U.S. asset groups were determined to not be recoverable, and we proceeded to compare the estimated fair values of the asset groups to their respective carrying values. Accordingly, these assets were written down to their estimated fair values of $12.5 million. We recorded impairment expense of $12.4 million during the first quarter of 2020 related to our U.S. segment. Quarter ended June 30, 2019 . During the second quarter of 2019, we identified indicators that certain long-lived assets in Australia may be impaired due to market developments, including the non-renewal of certain land development approval agreements. We assessed the carrying values of the related assets to determine if they continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying values were determined to not be fully recoverable, and we proceeded to compare the estimated fair value of the assets to their respective carrying values. Accordingly, the assets were written down to their estimated fair values of $0.5 million. As a result of the analysis described above, we recorded an impairment expense of $4.5 million. Additionally, during the second quarter of 2019, we identified a liability related to an asset retirement obligation (ARO) at one of our villages in Australia that should have been recorded in 2011. We determined that the error was not material to our previously issued financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018, and therefore, corrected the error in the second quarter of 2019. Specifically, we recorded the following amounts in our second quarter 2019 unaudited consolidated statement of operations related to prior periods: (1) additional accretion expense related to the ARO of $0.9 million, (2) additional depreciation and amortization expense of $0.5 million related to amortization of the related asset retirement cost and (3) additional impairment expense related to the impairment of the asset retirement cost of $1.0 million offset by recognition of an ARO liability totaling $2.3 million as of June 30, 2019.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS Action On July 1, 2019, we acquired Action, a provider of catering and managed services to the mining industry in Western Australia. We funded the purchase price of $16.9 million in cash through a combination of cash on hand and borrowings under our revolving credit facility. Action's operations are reported as part of our Australia reporting business segment beginning on July 1, 2019, the date of acquisition. This acquisition was accounted for in accordance with the acquisition method of accounting for business combinations, which required us to record the assets acquired and the liabilities assumed at their fair values at July 1, 2019. Our estimates of the fair value for such assets and liabilities required significant assumptions and judgment. Based on the final purchase price allocation, intangible assets acquired totaled $8.4 million and consisted primarily of customer contracts and a trade name. In addition, we recognized goodwill of $7.9 million. Noralta On April 2, 2018, we acquired Noralta Lodge Ltd. (Noralta). During the second quarter of 2020, $5.0 million in cash was released to us from escrow to cover certain agreed upon indemnification claims. As a result of this settlement, we recorded $4.7 million in Other income in the accompanying unaudited consolidated statements of operations for the three and six months ended June 30, 2020.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE We calculate basic and diluted earnings per share by applying the two-class method because we have participating securities in the form of Class A preferred shares. Participating securities are allocated a proportional share of net income determined by dividing total weighted average participating securities by the sum of total weighted average common shares and participating securities. We also apply the treasury stock method with respect to certain share-based awards in the calculation of diluted earnings per share, if dilutive. The calculation of earnings per share attributable to Civeo common shareholders is presented below for the periods indicated (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net income (loss) attributable to Civeo common shareholders $ 6,136 $ (15,310) $ (140,402) $ (32,808) Less: income allocated to participating securities (886) — — — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 5,250 $ (15,310) $ (140,402) $ (32,808) Add: undistributed income attributable to participating securities 886 — — — Less: undistributed income reallocated to participating securities (885) — — — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 5,251 $ (15,310) $ (140,402) $ (32,808) Denominator: Weighted average shares outstanding - basic 169,812 167,532 169,165 166,437 Dilutive shares - share-based awards 178 — — — Weighted average shares outstanding - diluted 169,990 167,532 169,165 166,437 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ (0.09) $ (0.83) $ (0.20) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ (0.09) $ (0.83) $ (0.20) (1) Computations may reflect rounding adjustments.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
DEBT	DEBT As of June 30, 2020 and December 31, 2019, long-term debt consisted of the following (in thousands): June 30, 2020 December 31, 2019 Canadian term loan, which matures on November 30, 2021; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 4.4% f or the six-month period ended June 30, 2020 (1) $ 197,532 $ 224,963 U.S. revolving credit facility, which matures on November 30, 2021), weighted average interest rate of 7.0% for the six-month period ended June 30, 2020 (1) — — Canadian revolving credit facility, which matures on November 30, 2021, weighted average interest rate of 4.5% for the six-month period ended June 30, 2020 (1) 101,998 134,117 Australian revolving credit facility, which matures on November 30, 2021, weighted average interest rate of 4.2% for the six-month period ended June 30, 2020 (1) — — 299,530 359,080 Less: Unamortized debt issuance costs 1,498 2,208 Total debt 298,032 356,872 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 33,510 35,080 Long-term debt, less current maturities $ 264,522 $ 321,792 (1) As of June 30, 2020, one lender had an outstanding Canadian term loan of $5.9 million and an outstanding Canadian revolver loan of $8.7 million that matures on November 30, 2020. Another lender had an outstanding Canadian revolver loan of $12.5 million that matures on November 30, 2020. Maturities in 2020 are not classified as current as of June 30, 2020 and December 31, 2019, since we are able, and have the intent, to repay the outstanding 2020 maturities by borrowing amounts equal to such maturities under our existing revolving credit facility, which matures on November 30, 2021. We did not have any capitalized interest to net against interest expense for the three and six months ended June 30, 2020 or 2019. Credit Agreement As of June 30, 2020, our Credit Agreement (as then amended to date, the Credit Agreement), provided for: (i) a $263.5 million revolving credit facility scheduled to mature on November 30, 2021 for certain lenders, 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 $183.5 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 $285.4 million term loan facility scheduled to mature on November 30, 2021 for certain lenders in favor of Civeo. We are required to maintain, if a qualified offering of indebtedness with gross proceeds in excess of $150 million has been consummated, a maximum leverage ratio of 4.00 to 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 June 30, 2020 & September 30, 2020 3.75 : 1.00 December 31, 2020 and thereafter 3.50 : 1.00 U.S. dollar amounts outstanding under the facilities provided by the Credit Agreement bear interest at a variable rate equal to the London Inter-Bank Offered Rate (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 Credit Agreement). Canadian dollar amounts outstanding bear interest at a variable rate equal to a B/A Discount Rate (as defined in the Credit Agreement) based on the Canadian Dollar Offered Rate (CDOR) 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 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 future transitions from LIBOR and CDOR as interest rate benchmarks is addressed in the Credit Agreement and at such time the transition from LIBOR or CDOR takes place, we will endeavor with the administrative agent to establish an alternate rate of interest to LIBOR or CDOR that gives due consideration to (1) the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time for the replacement of LIBOR and (2) any evolving or then existing convention for similar Canadian Dollar denominated syndicated credit facilities for the replacement of CDOR. The 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 3.75 to 1.0 (as of June 30, 2020). 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 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 June 30, 2020.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020, Canada and the U.S. were considered loss jurisdictions for tax accounting purposes and were removed from the annual effective tax rate computation for purposes of computing the interim tax provision. As of June 30, 2019, Australia and the U.S. were considered loss jurisdictions for tax accounting purposes and were removed from the annual effective tax rate computation for purposes of computing the interim tax provision. Our income tax expense for the three months ended June 30, 2020 totaled $0.1 million, or 1.8% of pretax loss, compared to a benefit of $2.9 million, or 16.1% of pretax loss, for the three months ended June 30, 2019. For the three months ended June 30, 2020, we recorded a tax expense of $0.1 million related to foreign withholding taxes. Under ASC 740-270, "Accounting for Income Taxes," the quarterly tax provision is based on our current estimate of the annual effective tax rate less the prior quarter's year-to-date provision. Our income tax benefit for the six months ended June 30, 2020 totaled $8.7 million, or 5.9% of pretax loss, compared to a benefit of $7.3 million, or 18.7% of pretax loss, for the six months ended June 30, 2019. For the six months ended June 30, 2020, we recorded a deferred tax benefit of $9.6 million offset by a valuation allowance of $0.7 million against the Canadian net deferred tax assets. Our effective tax rate for the six months ended June 30, 2020 was impacted by considering Canada and the U.S. loss jurisdictions. Although Australia is not considered a loss jurisdiction for the six months ended June 30, 2020, our effective tax rate is impacted by utilization of deferred tax assets and a release of the corresponding valuation allowance in

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss increased $19.1 million from $363.2 million at December 31, 2019 to $382.3 million at June 30, 2020, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the first six months of 2020 were primarily driven by the Australian dollar and Canadian dollar decreasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately C$0.1 billion and A$0.3 billion, respectively, at June 30, 2020.

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Changes in the carrying amount of goodwill from December 31, 2019 to June 30, 2020 are as follows (in thousands): Canada Australia U.S. Total Goodwill, net of $19.9 million accumulated impairment loss as of December 31, 2019 $ 102,238 $ 7,935 $ — $ 110,173 Foreign currency translation (8,632) (157) — (8,789) Goodwill impairment (1) (93,606) — — (93,606) Goodwill, net of $113.5 million accumulated impairment loss as of June 30, 2020 $ — $ 7,778 $ — $ 7,778 (1) See Note 6 – Impairment Charges for further information.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [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, phantom share awards and dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors. No more than 28.7 million Civeo common shares may be issued under the Civeo Plan. Outstanding Awards Restricted Share Awards / Restricted Share Units / Deferred Share Awards. Compensation expense associated with restricted share awards, restricted share units and deferred share awards recognized in the three months ended June 30, 2020 and 2019 totaled $0.8 million and $1.4 million, respectively. Compensation expense associated with restricted share awards, restricted share units and deferred share awards recognized in the six months ended June 30, 2020 and 2019 totaled $2.0 million and $2.8 million, respectively. The total fair value of restricted share awards, restricted share units and deferred share awards that vested during the three months ended June 30, 2020 and 2019 was $0.2 million and $0.4 million, respectively. The total fair value of restricted share awards, restricted share units and deferred share awards that vested during the six months ended June 30, 2020 and 2019 was $2.6 million and $3.9 million, respectively. At June 30, 2020, unrecognized compensation cost related to restricted share awards, restricted share units and deferred share awards was $2.8 million, which is expected to be recognized over a weighted average period of 1.2 years. Phantom Share Awards. On February 25, 2020, we granted 3,741,094 phantom share awards under the Civeo Plan, which vest in three three During the three months ended June 30, 2020 and 2019, we recognized compensation expense associated with phantom shares totaling $0.4 million and $0.3 million, respectively. During the six months ended June 30, 2020 and 2019, we recognized compensation expense associated with phantom shares totaling $0.7 million and $3.4 million, respectively. At June 30, 2020, unrecognized compensation cost related to phantom shares was $3.0 million, as remeasured at June 30, 2020, which is expected to be recognized over a weighted average period of 2.5 years. Performance Awards. During the three months ended June 30, 2020 and 2019, we recognized compensation expense associated with performance awards totaling $0.6 million and $1.1 million, respectively. During the six months ended June 30, 2020 and 2019, we recognized compensation expense associated with performance awards totaling $1.5 million and $2.2 million, respectively. The total fair value of performance share awards that vested during the three months ended June 30, 2020 and 2019 was zero. The total fair value of performance share awards that vested during the six months ended June 30, 2020 and 2019 was $1.9 million and $10.1 million, respectively.

SEGMENT AND RELATED INFORMATION

SEGMENT AND RELATED INFORMATION	6 Months Ended
	Jun. 30, 2020
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 and workforce accommodations. Financial information by business segment for each of the three and six months ended June 30, 2020 and 2019 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended June 30, 2020 Canada $ 52,986 $ 12,177 $ (6,719) $ 231 $ 662,926 Australia 57,071 9,733 8,191 748 261,188 U.S. 4,645 195 (2,623) 12 30,503 Corporate and eliminations — 100 (690) 205 (220,034) Total $ 114,702 $ 22,205 $ (1,841) $ 1,196 $ 734,583 Three months ended June 30, 2019 Canada $ 78,102 $ 16,127 $ (5,761) $ 9,379 $ 842,551 Australia 30,996 10,068 (5,579) 898 276,525 U.S. 13,055 3,036 (1,356) 774 57,570 Corporate and eliminations — 1,765 640 478 (156,241) Total $ 122,153 $ 30,996 $ (12,056) $ 11,529 $ 1,020,405 Six months ended June 30, 2020 Canada $ 132,334 $ 26,546 $ (143,350) $ 841 $ 662,926 Australia 106,184 19,028 14,355 1,211 261,188 United States 14,976 1,778 (16,757) 1,384 30,503 Corporate and eliminations — 355 (5,158) 411 (220,034) Total $ 253,494 $ 47,707 $ (150,910) $ 3,847 $ 734,583 Six months ended June 30, 2019 Canada $ 144,872 $ 32,355 $ (17,356) $ 16,443 $ 842,551 Australia 59,417 19,825 (5,964) 1,833 276,525 United States 26,414 6,102 (2,317) 2,294 57,570 Corporate and eliminations — 3,496 (4,312) 638 (156,241) Total $ 230,703 $ 61,778 $ (29,949) $ 21,208 $ 1,020,405

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Standards Update and Change in Accounting Principle [Abstract]
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 June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses” (ASU 2016-13). This new standard changes how companies 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 adopted ASU 2016-13 as of January 1, 2020. The adoption of this new standard did not have a material impact on our consolidated financial statements.

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates our revenue by our three reportable segments: Canada, Australia and the U.S., and major categories for the periods indicated (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Canada Accommodation revenues $ 40,204 $ 66,183 $ 106,270 $ 123,835 Mobile facility rental revenues 6,072 1,819 8,580 2,600 Food service and other services revenues 6,710 9,086 17,484 17,423 Manufacturing revenues — 1,014 — 1,014 Total Canada revenues 52,986 78,102 132,334 144,872 Australia Accommodation revenues $ 34,933 $ 30,996 $ 67,518 $ 59,417 Food service and other services revenues 22,138 — 38,666 — Total Australia revenues 57,071 30,996 106,184 59,417 U.S. Accommodation revenues $ 242 $ 4,775 $ 1,498 $ 9,699 Mobile facility rental revenues 3,870 7,626 10,057 14,223 Manufacturing revenues 524 607 3,387 2,402 Food service and other services revenues 9 47 34 90 Total U.S. revenues 4,645 13,055 14,976 26,414 Total revenues $ 114,702 $ 122,153 $ 253,494 $ 230,703
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	As of June 30, 2020, 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, 2020 2021 2022 Thereafter Total Revenue expected to be recognized as of June 30, 2020 $ 65,883 $ 60,430 $ 29,470 $ 11,762 $ 167,545

DETAILS OF SELECTED BALANCE S_2

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS (Tables)	6 Months Ended
	Jun. 30, 2020
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable	Additional information regarding selected balance sheet accounts at June 30, 2020 and December 31, 2019 is presented below (in thousands): June 30, 2020 December 31, 2019 Accounts receivable, net: Trade $ 62,603 $ 76,370 Unbilled revenue 18,761 23,041 Other (1) 4,432 335 Total accounts receivable 85,796 99,746 Allowance for credit losses (243) (253) Total accounts receivable, net $ 85,553 $ 99,493 (1) As of June 30, 2020, Other accounts receivable includes a $4.4 million receivable related to the Canada Emergency Wage Subsidy (CEWS), a subsidy implemented by the Canadian government in response to the COVID-19 pandemic. Other income in the second quarter of 2020 includes $6.2 million of income related to the CEWS.
Schedule of Inventories	June 30, 2020 December 31, 2019 Inventories: Finished goods and purchased products $ 4,487 $ 3,982 Work in process 2,019 813 Raw materials 1,177 1,082 Total inventories $ 7,683 $ 5,877
Property, Plant and Equipment	Estimated June 30, 2020 December 31, 2019 Property, plant and equipment, net: Land $ 45,816 $ 43,147 Accommodations assets 3 — 15 1,617,979 1,696,425 Buildings and leasehold improvements 7 — 20 32,884 26,108 Machinery and equipment 4 — 15 11,905 12,060 Office furniture and equipment 3 — 7 57,489 58,005 Vehicles 3 — 5 14,448 14,604 Construction in progress 4,841 4,286 Total property, plant and equipment 1,785,362 1,854,635 Accumulated depreciation (1,298,547) (1,264,326) Total property, plant and equipment, net $ 486,815 $ 590,309
Schedule of Accrued Liabilities	June 30, 2020 December 31, 2019 Accrued liabilities: Accrued compensation $ 12,838 $ 17,169 Accrued taxes, other than income taxes 2,876 3,152 Other 1,196 1,434 Total accrued liabilities $ 16,910 $ 21,755

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of earnings per share attributable to Civeo common shareholders is presented below for the periods indicated (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net income (loss) attributable to Civeo common shareholders $ 6,136 $ (15,310) $ (140,402) $ (32,808) Less: income allocated to participating securities (886) — — — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 5,250 $ (15,310) $ (140,402) $ (32,808) Add: undistributed income attributable to participating securities 886 — — — Less: undistributed income reallocated to participating securities (885) — — — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 5,251 $ (15,310) $ (140,402) $ (32,808) Denominator: Weighted average shares outstanding - basic 169,812 167,532 169,165 166,437 Dilutive shares - share-based awards 178 — — — Weighted average shares outstanding - diluted 169,990 167,532 169,165 166,437 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ (0.09) $ (0.83) $ (0.20) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ (0.09) $ (0.83) $ (0.20)

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	As of June 30, 2020 and December 31, 2019, long-term debt consisted of the following (in thousands): June 30, 2020 December 31, 2019 Canadian term loan, which matures on November 30, 2021; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 4.4% f or the six-month period ended June 30, 2020 (1) $ 197,532 $ 224,963 U.S. revolving credit facility, which matures on November 30, 2021), weighted average interest rate of 7.0% for the six-month period ended June 30, 2020 (1) — — Canadian revolving credit facility, which matures on November 30, 2021, weighted average interest rate of 4.5% for the six-month period ended June 30, 2020 (1) 101,998 134,117 Australian revolving credit facility, which matures on November 30, 2021, weighted average interest rate of 4.2% for the six-month period ended June 30, 2020 (1) — — 299,530 359,080 Less: Unamortized debt issuance costs 1,498 2,208 Total debt 298,032 356,872 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 33,510 35,080 Long-term debt, less current maturities $ 264,522 $ 321,792 (1) As of June 30, 2020, one lender had an outstanding Canadian term loan of $5.9 million and an outstanding Canadian revolver loan of $8.7 million that matures on November 30, 2020. Another lender had an outstanding Canadian revolver loan of $12.5 million that matures on November 30, 2020.
Schedule Of Changes In Maximum Leverage Ratio	We are required to maintain, if a qualified offering of indebtedness with gross proceeds in excess of $150 million has been consummated, a maximum leverage ratio of 4.00 to 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 June 30, 2020 & September 30, 2020 3.75 : 1.00 December 31, 2020 and thereafter 3.50 : 1.00

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill from December 31, 2019 to June 30, 2020 are as follows (in thousands): Canada Australia U.S. Total Goodwill, net of $19.9 million accumulated impairment loss as of December 31, 2019 $ 102,238 $ 7,935 $ — $ 110,173 Foreign currency translation (8,632) (157) — (8,789) Goodwill impairment (1) (93,606) — — (93,606) Goodwill, net of $113.5 million accumulated impairment loss as of June 30, 2020 $ — $ 7,778 $ — $ 7,778 (1) See Note 6 – Impairment Charges for further information.

SEGMENT AND RELATED INFORMATI_2

SEGMENT AND RELATED INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Financial information by business segment for each of the three and six months ended June 30, 2020 and 2019 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended June 30, 2020 Canada $ 52,986 $ 12,177 $ (6,719) $ 231 $ 662,926 Australia 57,071 9,733 8,191 748 261,188 U.S. 4,645 195 (2,623) 12 30,503 Corporate and eliminations — 100 (690) 205 (220,034) Total $ 114,702 $ 22,205 $ (1,841) $ 1,196 $ 734,583 Three months ended June 30, 2019 Canada $ 78,102 $ 16,127 $ (5,761) $ 9,379 $ 842,551 Australia 30,996 10,068 (5,579) 898 276,525 U.S. 13,055 3,036 (1,356) 774 57,570 Corporate and eliminations — 1,765 640 478 (156,241) Total $ 122,153 $ 30,996 $ (12,056) $ 11,529 $ 1,020,405 Six months ended June 30, 2020 Canada $ 132,334 $ 26,546 $ (143,350) $ 841 $ 662,926 Australia 106,184 19,028 14,355 1,211 261,188 United States 14,976 1,778 (16,757) 1,384 30,503 Corporate and eliminations — 355 (5,158) 411 (220,034) Total $ 253,494 $ 47,707 $ (150,910) $ 3,847 $ 734,583 Six months ended June 30, 2019 Canada $ 144,872 $ 32,355 $ (17,356) $ 16,443 $ 842,551 Australia 59,417 19,825 (5,964) 1,833 276,525 United States 26,414 6,102 (2,317) 2,294 57,570 Corporate and eliminations — 3,496 (4,312) 638 (156,241) Total $ 230,703 $ 61,778 $ (29,949) $ 21,208 $ 1,020,405

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Narrative (Details)	6 Months Ended
	Jun. 30, 2020segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

REVENUE - Narrative (Details)

REVENUE - Narrative (Details)	6 Months Ended
	Jun. 30, 2020segment
Revenue from Contract with Customer [Abstract]
Number of reportable segments	3

REVENUE - Disaggregation of rev

REVENUE - Disaggregation of revenue by major categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 114,702	$ 122,153	$ 253,494	$ 230,703
Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	3,865	7,625	10,044	14,115
Canada
Disaggregation of Revenue [Line Items]
Total revenues	52,986	78,102	132,334	144,872
Canada | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	40,204	66,183	106,270	123,835
Canada | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	6,072	1,819	8,580	2,600
Canada | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	1,014	0	1,014
Canada | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	6,710	9,086	17,484	17,423
Australia
Disaggregation of Revenue [Line Items]
Total revenues	57,071	30,996	106,184	59,417
Australia | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	34,933	30,996	67,518	59,417
Australia | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	22,138	0	38,666	0
U.S.
Disaggregation of Revenue [Line Items]
Total revenues	4,645	13,055	14,976	26,414
U.S. | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	242	4,775	1,498	9,699
U.S. | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	3,870	7,626	10,057	14,223
U.S. | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total revenues	524	607	3,387	2,402
U.S. | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 9	$ 47	$ 34	$ 90

REVENUE - Revenue related to pe

REVENUE - Revenue related to performance obligations (Details) $ in Thousands	Jun. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 167,545
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	6 months
Revenue expected to be recognized	$ 65,883
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	1 year
Revenue expected to be recognized	$ 60,430
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	1 year
Revenue expected to be recognized	$ 29,470
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period
Revenue expected to be recognized	$ 11,762

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Measurement Input, Discount Rate	6 Months Ended
	Jun. 30, 2020
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment discount rate	10.50%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment discount rate	14.00%

DETAILS OF SELECTED BALANCE S_3

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 85,796		$ 85,796		$ 99,746
Allowance for credit losses	(243)		(243)		(253)
Total accounts receivable, net	85,553		85,553		99,493
Other income	12,642	$ 1,055	12,667	$ 4,033
Canada Emergency Wage Subsidy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other income	6,200
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	62,603		62,603		76,370
Unbilled revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	18,761		18,761		23,041
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	4,432		4,432		$ 335
Other | Canada Emergency Wage Subsidy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 4,400		$ 4,400

DETAILS OF SELECTED BALANCE S_4

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventories:
Finished goods and purchased products	$ 4,487	$ 3,982
Work in process	2,019	813
Raw materials	1,177	1,082
Total inventories	$ 7,683	$ 5,877

DETAILS OF SELECTED BALANCE S_5

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,785,362	$ 1,785,362	$ 1,854,635
Accumulated depreciation	(1,298,547)	(1,298,547)	(1,264,326)
Total property, plant and equipment, net	486,815	486,815	590,309
Reclassification to property, plant, and equipment	6,600
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	45,816	45,816	43,147
Accommodations assets
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	1,617,979	$ 1,617,979	1,696,425
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	32,884	$ 32,884	26,108
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	11,905	$ 11,905	12,060
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	57,489	$ 57,489	58,005
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	14,448	$ 14,448	14,604
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	$ 4,841	$ 4,841	$ 4,286

DETAILS OF SELECTED BALANCE S_6

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accrued liabilities:
Accrued compensation	$ 12,838	$ 17,169
Accrued taxes, other than income taxes	2,876	3,152
Other	1,196	1,434
Total accrued liabilities	$ 16,910	$ 21,755

IMPAIRMENT CHARGES (Details)

IMPAIRMENT CHARGES (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Estimated fair value of Canadian lodge	$ 486,815,000			$ 486,815,000	$ 590,309,000
Goodwill, impairment loss				93,606,000
Canada
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss		$ 0
Canadian
Property, Plant and Equipment [Line Items]
Estimated fair value of Canadian lodge	43,500,000			43,500,000
Canadian | Canada
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets	93,600,000
Canada
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets	38,100,000
Goodwill, impairment loss				93,606,000
Canada | Canadian Lodge In Southern Alberta [Member]
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets			$ 4,500,000
Estimated fair value of Canadian lodge			500,000
United States
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets	12,400,000
Estimated fair value of Canadian lodge	$ 12,500,000			12,500,000
Goodwill, impairment loss				0
Australia
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss				$ 0
Australia | Australia Village [Member] | Revision of Prior Period, Adjustment [Member] | Previously Unrecorded Liability For Asset Retirement Obligation [Member]
Property, Plant and Equipment [Line Items]
Accretion expense			900,000
Depreciation and amortization			500,000
Impairment expense			1,000,000
Liabilities incurred			$ 2,300,000

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($) $ in Thousands	Jul. 01, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 7,778		$ 7,778		$ 110,173
Other income		12,642	$ 1,055	12,667	$ 4,033
Action
Business Acquisition [Line Items]
Intangible assets acquired	$ 8,400
Goodwill	7,900
Noralta
Business Acquisition [Line Items]
Cash released from escrow to cover certain agreed upon indemnification claims		5,000		$ 5,000
Other income		$ 4,700
Australia | Action
Business Acquisition [Line Items]
Cash paid to acquire business	$ 16,900

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net income (loss) attributable to Civeo common shareholders	$ 6,136	$ (15,310)	$ (140,402)	$ (32,808)
Less: income allocated to participating securities	(886)	0	0	0
Basic net income (loss) attributable to Civeo Corporation common shareholders	5,250	(15,310)	(140,402)	(32,808)
Add: undistributed income attributable to participating securities	886	0	0	0
Less: undistributed income reallocated to participating securities	(885)	0	0	0
Diluted net income (loss) attributable to Civeo Corporation common shareholders	$ 5,251	$ (15,310)	$ (140,402)	$ (32,808)
Denominator:
Weighted average shares outstanding - basic (in shares)	169,812	167,532	169,165	166,437
Dilutive shares - share-based awards (in shares)	178	0	0	0
Weighted average shares outstanding - diluted (in shares)	169,990	167,532	169,165	166,437
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ (0.09)	$ (0.83)	$ (0.20)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ (0.09)	$ (0.83)	$ (0.20)

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3.7	6.6	5	7.5
Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	28.7	28.1	28.7	28.1

DEBT - Long-term Debt (Details)

DEBT - Long-term Debt (Details) $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended
	Dec. 31, 2021	Jun. 30, 2020USD ($)	Sep. 30, 2020	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Long-term debt, gross		$ 299,530		$ 359,080
Less: Unamortized debt issuance costs		1,498		2,208
Total debt		298,032		356,872
Less: Current portion of long-term debt, including unamortized debt issuance costs, net		33,510		35,080
Long-term debt, less current maturities		$ 264,522		321,792
Maximum leverage ratio		3.75
Canadian term loan, which matures on November 30, 2021; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 4.4% for the six-month period ended June 30, 2020 (1)
Debt Instrument [Line Items]
Canadian term loan		$ 197,532		224,963
Stated interest rate		3.125%
Weighted average interest rate of term loan		4.40%
U.S. revolving credit facility, which matures on November 30, 2021), weighted average interest rate of 7.0% for the six-month period ended June 30, 2020 (1)
Debt Instrument [Line Items]
Revolving credit facility		$ 0		0
Interest rate on line of credit facility		7.00%
Canadian revolving credit facility, which matures on November 30, 2021, weighted average interest rate of 4.5% for the six-month period ended June 30, 2020 (1)
Debt Instrument [Line Items]
Revolving credit facility		$ 101,998		134,117
Interest rate on line of credit facility		4.50%
Australian revolving credit facility, which matures on November 30, 2021, weighted average interest rate of 4.2% for the six-month period ended June 30, 2020 (1)
Debt Instrument [Line Items]
Revolving credit facility		$ 0		$ 0
Interest rate on line of credit facility		4.20%
Credit facility
Debt Instrument [Line Items]
Maximum leverage ratio		3.75
Credit facility | Scenario, Forecast
Debt Instrument [Line Items]
Maximum leverage ratio	3.50		3.75
Credit facility | First non-extending lender | Revolving credit facility, Canadian subsidiaries
Debt Instrument [Line Items]
Revolving credit facility		$ 8,700
Credit facility | First non-extending lender | Canadian term loans
Debt Instrument [Line Items]
Canadian term loan		5,900
Credit facility | Second non-extending lender | Revolving credit facility, Canadian subsidiaries
Debt Instrument [Line Items]
Revolving credit facility		$ 12,500

DEBT - Credit agreement (Detail

DEBT - Credit agreement (Details)	Dec. 31, 2018	Dec. 31, 2021	Jun. 30, 2020USD ($)Lender	Jun. 30, 2020USD ($)Lender	Sep. 30, 2020
Line of Credit Facility [Line Items]
Maximum leverage ratio				3.75
Interest coverage ratio				3
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%
Credit facility
Line of Credit Facility [Line Items]
Maximum leverage ratio				3.75
Number of lenders | Lender			10	10
Credit facility | Minimum
Line of Credit Facility [Line Items]
Lender commitments, within credit agreement			$ 24,900,000	$ 24,900,000
Credit facility | Maximum
Line of Credit Facility [Line Items]
Lender commitments, within credit agreement			85,400,000	85,400,000
Credit facility | US term loan
Line of Credit Facility [Line Items]
Term loan, face amount			285,400,000	285,400,000
Revolving credit facility | Credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity			263,500,000	263,500,000
Revolving credit facility, U.S. subsidiaries | Credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity			20,000,000	20,000,000
Outstanding letters of credit			300,000	300,000
Revolving credit facility, Canadian subsidiaries | Credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity			183,500,000	183,500,000
Outstanding letters of credit			1,800,000	1,800,000
Revolving credit facility, Australian subsidiaries | Credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity			60,000,000	60,000,000
Outstanding letters of credit			$ 500,000	500,000
Maximum Leverage Ratio
Line of Credit Facility [Line Items]
Maximum leverage ratio			4
Maximum Leverage Ratio | Revolving credit facility, Australian subsidiaries | Amended And restated syndicated facility agreement
Line of Credit Facility [Line Items]
Gross proceeds from qualified offering of indebtedness			$ 150,000,000	$ 150,000,000
Scenario, Forecast | Credit facility
Line of Credit Facility [Line Items]
Maximum leverage ratio		3.50			3.75

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule of Income Taxes [Line Items]
Income tax (expense) benefit	$ (122)	$ 2,850	$ 8,689	$ 7,334
Income tax benefit, percent of pretax loss	1.80%	16.10%	5.90%	18.70%
Tax expense related to foreign withholding taxes	$ 100
Deferred income tax benefit			$ 8,941	$ 7,855
Canadian
Schedule of Income Taxes [Line Items]
Deferred income tax benefit			(9,600)
Valuation allowance			$ 700
Minimum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	21.00%		21.00%
Maximum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	30.00%		30.00%

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) $ in Thousands, $ in Billions, $ in Billions	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020CAD ($)	Jun. 30, 2020AUD ($)	Dec. 31, 2019USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Increase in other comprehensive loss, foreign currency exchange rate fluctuations during the period	$ 19,100
Accumulated other comprehensive loss	$ (382,315)			$ (363,173)
International functional currency net assets		$ 0.1	$ 0.3

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Goodwill [Roll Forward]
Goodwill, net of $19.9 million accumulated impairment loss as of December 31, 2019	$ 110,173
Foreign currency translation	(8,789)
Goodwill impairment	(93,606)
Goodwill, net of $113.5 million accumulated impairment loss as of June 30, 2020	7,778
Goodwill, accumulated impairment loss	113,500	$ 19,900
Canada
Goodwill [Roll Forward]
Goodwill, net of $19.9 million accumulated impairment loss as of December 31, 2019	102,238
Foreign currency translation	(8,632)
Goodwill impairment	(93,606)
Goodwill, net of $113.5 million accumulated impairment loss as of June 30, 2020	0
Australia
Goodwill [Roll Forward]
Goodwill, net of $19.9 million accumulated impairment loss as of December 31, 2019	7,935
Foreign currency translation	(157)
Goodwill impairment	0
Goodwill, net of $113.5 million accumulated impairment loss as of June 30, 2020	7,778
U.S.
Goodwill [Roll Forward]
Goodwill, net of $19.9 million accumulated impairment loss as of December 31, 2019	0
Foreign currency translation	0
Goodwill impairment	0
Goodwill, net of $113.5 million accumulated impairment loss as of June 30, 2020	$ 0

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details) - USD ($)	Feb. 25, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation arrangement, number of shares authorized		28,700,000		28,700,000
Allocated share-based compensation expense				$ 700,000
Restricted stock and deferred stock awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense		$ 800,000	$ 1,400,000	2,000,000	$ 2,800,000
Fair value of restricted share awards and deferred compensation that vested during the period		200,000	400,000	2,600,000	3,900,000
Unrecognized compensation cost related to share awards		2,800,000		$ 2,800,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.				1 year 2 months 12 days
Phantom share units (PSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense		400,000	300,000		3,400,000
Unrecognized compensation cost related to share awards		3,000,000		$ 3,000,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.				2 years 6 months
Phantom share units (PSUs) | Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Phantom share units vested during the period (in shares)	3,741,094
Vesting period of share awards	3 years
Phantom share units (PSUs) | Canadian Long-Term Incentive Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Phantom share units vested during the period (in shares)	1,221,725
Vesting period of share awards	3 years
Performance shares
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense		600,000	$ 1,100,000	$ 1,500,000	2,200,000
Fair value of restricted share awards and deferred compensation that vested during the period		0		1,900,000	$ 10,100,000
Unrecognized compensation cost related to share awards		$ 2,800,000		$ 2,800,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.				1 year 4 months 24 days

SEGMENT AND RELATED INFORMATI_3

SEGMENT AND RELATED INFORMATION - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total revenues	$ 114,702	$ 122,153	$ 253,494	$ 230,703
Depreciation and amortization	22,205	30,996	47,707	61,778
Operating income (loss)	(1,841)	(12,056)	(150,910)	(29,949)
Capital expenditures	1,196	11,529	3,847	21,208
Total assets	734,583	1,020,405	734,583	1,020,405	$ 969,912
Canada
Segment Reporting Information [Line Items]
Total revenues	52,986	78,102	132,334	144,872
Australia
Segment Reporting Information [Line Items]
Total revenues	57,071	30,996	106,184	59,417
U.S.
Segment Reporting Information [Line Items]
Total revenues	4,645	13,055	14,976	26,414
Operating segments | Canada
Segment Reporting Information [Line Items]
Total revenues	52,986	78,102	132,334	144,872
Depreciation and amortization	12,177	16,127	26,546	32,355
Operating income (loss)	(6,719)	(5,761)	(143,350)	(17,356)
Capital expenditures	231	9,379	841	16,443
Total assets	662,926	842,551	662,926	842,551
Operating segments | Australia
Segment Reporting Information [Line Items]
Total revenues	57,071	30,996	106,184	59,417
Depreciation and amortization	9,733	10,068	19,028	19,825
Operating income (loss)	8,191	(5,579)	14,355	(5,964)
Capital expenditures	748	898	1,211	1,833
Total assets	261,188	276,525	261,188	276,525
Operating segments | U.S.
Segment Reporting Information [Line Items]
Total revenues	4,645	13,055	14,976	26,414
Depreciation and amortization	195	3,036	1,778	6,102
Operating income (loss)	(2,623)	(1,356)	(16,757)	(2,317)
Capital expenditures	12	774	1,384	2,294
Total assets	30,503	57,570	30,503	57,570
Corporate and eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Depreciation and amortization	100	1,765	355	3,496
Operating income (loss)	(690)	640	(5,158)	(4,312)
Capital expenditures	205	478	411	638
Total assets	$ (220,034)	$ (156,241)	$ (220,034)	$ (156,241)