Civeo (CVEO) 10-Q 28 Oct 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Oct. 23, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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	Q3
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		170,582,021

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Total revenues	$ 142,857	$ 148,163	$ 396,351	$ 378,866
Costs and expenses:
Selling, general and administrative expenses	13,462	14,334	38,889	42,960
Depreciation and amortization expense	24,820	31,196	72,527	92,974
Impairment expense	0	0	144,120	5,546
Other operating expense	51	277	755	109
Total costs and expenses	135,767	145,287	540,171	405,939
Operating income (loss)	7,090	2,876	(143,820)	(27,073)
Interest expense	(3,646)	(7,315)	(13,095)	(20,670)
Loss on extinguishment of debt	(383)	0	(383)	0
Interest income	0	17	20	66
Other income	4,542	2,849	17,209	6,882
Income (loss) before income taxes	7,603	(1,573)	(140,069)	(40,795)
Income tax (expense) benefit	(180)	6,629	8,509	13,963
Net income (loss)	7,423	5,056	(131,560)	(26,832)
Less: Net income attributable to noncontrolling interest	434	60	914	60
Net income (loss) attributable to Civeo Corporation	6,989	4,996	(132,474)	(26,892)
Less: Dividends attributable to Class A preferred shares	472	464	1,411	1,384
Net income (loss) attributable to Civeo common shareholders	$ 6,517	$ 4,532	$ (133,885)	$ (28,276)
Per Share Data (see Note 8)
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ 0.02	$ (0.79)	$ (0.17)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ 0.02	$ (0.79)	$ (0.17)
Weighted average number of common shares outstanding:
Basic (in shares)	169,924	167,640	169,420	166,842
Diluted (in shares)	170,544	168,282	169,420	166,842
Service and other
Revenues:
Total revenues	$ 136,523	$ 140,349	$ 375,928	$ 353,147
Costs and expenses:
Service and other costs	92,147	93,642	267,051	243,945
Rental
Revenues:
Total revenues	3,217	6,942	13,261	21,057
Costs and expenses:
Service and other costs	3,131	5,072	11,559	16,579
Product
Revenues:
Total revenues	3,117	872	7,162	4,662
Costs and expenses:
Service and other costs	$ 2,156	$ 766	$ 5,270	$ 3,826

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 7,423	$ 5,056	$ (131,560)	$ (26,832)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustment, net of zero taxes	11,131	(12,096)	(8,025)	(5,633)
Total other comprehensive income (loss), net of taxes	11,131	(12,096)	(8,025)	(5,633)
Comprehensive income (loss)	18,554	(7,040)	(139,585)	(32,465)
Less: Comprehensive income attributable to noncontrolling interest	462	60	928	60
Comprehensive income (loss) attributable to Civeo Corporation	$ 18,092	$ (7,100)	$ (140,513)	$ (32,525)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 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	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 6,938	$ 3,331
Accounts receivable, net	92,754	99,493
Inventories	5,775	5,877
Prepaid expenses	9,369	7,247
Other current assets	7,737	7,904
Assets held for sale	0	7,589
Total current assets	122,573	131,441
Property, plant and equipment, net	481,394	590,309
Goodwill	8,086	110,173
Other intangible assets, net	98,907	111,837
Operating lease right-of-use assets	20,426	24,876
Other noncurrent assets	1,550	1,276
Total assets	732,936	969,912
Current liabilities:
Accounts payable	37,116	36,971
Accrued liabilities	22,229	21,755
Income taxes	379	328
Current portion of long-term debt	32,978	35,080
Deferred revenue	7,801	7,165
Other current liabilities	6,353	8,741
Total current liabilities	106,856	110,040
Long-term debt, less current maturities	236,876	321,792
Deferred income taxes	0	9,452
Operating lease liabilities	18,035	21,231
Other noncurrent liabilities	17,557	16,592
Total liabilities	379,324	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 $95,039 and $93,627 as of September 30, 2020 and December 31, 2019)	59,540	58,129
Common shares (no par value; 550,000,000 shares authorized, 173,746,532 shares and 171,656,039 shares issued, respectively, and 170,582,021 shares and 169,556,403 shares outstanding, respectively)	0	0
Additional paid-in capital	1,577,053	1,572,249
Accumulated deficit	(905,475)	(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	(371,212)	(363,173)
Total Civeo Corporation shareholders’ equity	352,976	490,143
Noncontrolling interest	636	662
Total shareholders’ equity	353,612	490,805
Total liabilities and shareholders’ equity	$ 732,936	$ 969,912

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 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	$ 95,039	$ 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)	173,746,532	171,656,039
Common stock, shares outstanding (in shares)	170,582,021	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	Cumulative Effect, Period of Adoption, Adjustment	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
Beginning balance at Dec. 31, 2018	$ 535,424	$ (699)	$ 56,280		$ 1,562,133	$ (710,551)	$ (699)	$ (1,189)	$ (371,249)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(26,832)					(26,892)				$ 60
Currency translation adjustment	(5,633)								(5,633)
Dividends paid	(60)									(60)
Dividends attributable to Class A preferred (shares)			1,384
Dividends attributable to Class A preferred shares						(1,384)
Share-based compensation	3,318				7,601			(4,283)
Ending balance at Sep. 30, 2019	505,518		57,664		1,569,734	(739,526)		(5,472)	(376,882)
Beginning 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]
Net income (loss)	5,056					4,996				60
Currency translation adjustment	(12,096)								(12,096)
Dividends paid	(60)									(60)
Dividends attributable to Class A preferred (shares)			464
Dividends attributable to Class A preferred shares						(464)
Share-based compensation	2,572				2,572
Ending balance at Sep. 30, 2019	505,518		57,664		1,569,734	(739,526)		(5,472)	(376,882)
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)	(131,560)					(132,474)				914
Currency translation adjustment	(8,025)								(8,039)	14
Dividends paid	(954)									(954)
Dividends attributable to Class A preferred (shares)			1,411
Dividends attributable to Class A preferred shares						(1,411)
Share-based compensation	3,346				4,804			(1,458)
Ending balance at Sep. 30, 2020	353,612		$ 59,540		1,577,053	(905,475)		(6,930)	(371,212)	636
Beginning balance (in shares) at Dec. 31, 2019			9,042	169,556
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)			0	1,026
Ending balance (in shares) at Sep. 30, 2020			9,042	170,582
Beginning balance at Jun. 30, 2020	334,243		$ 59,068		1,575,788	(911,992)		(6,930)	(382,315)	624
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	7,423					6,989				434
Currency translation adjustment	11,131								11,103	28
Dividends paid	(450)									(450)
Dividends attributable to Class A preferred (shares)			472
Dividends attributable to Class A preferred shares						(472)
Share-based compensation	1,265				1,265
Ending balance at Sep. 30, 2020	$ 353,612		$ 59,540		$ 1,577,053	$ (905,475)		$ (6,930)	$ (371,212)	$ 636
Ending balance (in shares) at Sep. 30, 2020			9,042	170,582

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net loss	$ (131,560)	$ (26,832)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	72,527	92,974
Impairment charges	144,120	5,546
Loss on extinguishment of debt	383	0
Deferred income tax benefit	(8,941)	(14,732)
Non-cash compensation charge	4,804	7,601
Gains on disposals of assets	(2,581)	(4,095)
Provision (benefit) for loss on receivables, net of recoveries	45	(39)
Other, net	(2,730)	2,530
Changes in operating assets and liabilities:
Accounts receivable	5,355	(30,227)
Inventories	194	(1,175)
Accounts payable and accrued liabilities	1,247	4,958
Taxes payable	51	345
Other current and noncurrent assets and liabilities, net	(2,239)	(3,328)
Net cash flows provided by operating activities	80,675	33,526
Cash flows from investing activities:
Capital expenditures	(6,244)	(25,517)
Payments related to acquisitions, net of cash acquired	0	(16,439)
Proceeds from disposition of property, plant and equipment	3,336	5,482
Other, net	4,619	1,762
Net cash flows provided by (used in) investing activities	1,711	(34,712)
Cash flows from financing activities:
Revolving credit borrowings	324,611	340,494
Revolving credit repayments	(369,122)	(310,946)
Term loan repayments	(31,092)	(26,085)
Debt issuance costs	(2,583)	(1,950)
Taxes paid on vested shares	(1,458)	(4,283)
Net cash flows used in financing activities	(79,644)	(2,770)
Effect of exchange rate changes on cash	865	(344)
Net change in cash and cash equivalents	3,607	(4,300)
Cash and cash equivalents, beginning of period	3,331	12,372
Cash and cash equivalents, end of period	6,938	8,072
Non-cash financing activities:
Preferred dividends paid-in-kind	$ 1,411	$ 1,384

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 Nine Months Ended 2020 2019 2020 2019 Canada Accommodation revenues $ 49,798 $ 79,939 $ 156,068 $ 203,774 Mobile facility rental revenues 13,135 3,048 21,715 5,648 Food service and other services revenues 8,852 8,084 26,336 25,507 Manufacturing revenues — — — 1,014 Total Canada revenues 71,785 91,071 204,119 235,943 Australia Accommodation revenues $ 39,470 $ 33,056 $ 106,988 $ 92,473 Food service and other services revenues 25,215 14,687 63,881 14,687 Total Australia revenues 64,685 47,743 170,869 107,160 U.S. Accommodation revenues $ 394 $ 1,655 $ 1,892 $ 11,354 Mobile facility rental revenues 3,218 6,952 13,275 21,175 Manufacturing revenues 2,772 714 6,159 3,116 Food service and other services revenues 3 28 37 118 Total U.S. revenues 6,387 9,349 21,363 35,763 Total revenues $ 142,857 $ 148,163 $ 396,351 $ 378,866 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 September 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 September 30, 2020 $ 33,002 $ 61,031 $ 29,120 $ 11,820 $ 134,973

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 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 September 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 the first quarter of 2020 and the second and fourth quarters 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	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019 is presented below (in thousands): September 30, 2020 December 31, 2019 Accounts receivable, net: Trade $ 68,848 $ 76,370 Unbilled revenue 21,819 23,041 Other (1) 2,357 335 Total accounts receivable 93,024 99,746 Allowance for credit losses (270) (253) Total accounts receivable, net $ 92,754 $ 99,493 (1) As of September 30, 2020, Other accounts receivable includes a $2.4 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 related to the CEWS during the three and nine months ended September 30, 2020 was $3.6 million and $9.7 million, respectively. September 30, 2020 December 31, 2019 Inventories: Finished goods and purchased products $ 4,538 $ 3,982 Work in process 18 813 Raw materials 1,219 1,082 Total inventories $ 5,775 $ 5,877 Estimated September 30, 2020 December 31, 2019 Property, plant and equipment, net: Land $ 47,049 $ 43,147 Accommodations assets 3 — 15 1,651,178 1,696,425 Buildings and leasehold improvements 7 — 20 33,714 26,108 Machinery and equipment 4 — 15 12,110 12,060 Office furniture and equipment 3 — 7 59,432 58,005 Vehicles 3 — 5 14,711 14,604 Construction in progress 5,551 4,286 Total property, plant and equipment 1,823,745 1,854,635 Accumulated depreciation (1,342,351) (1,264,326) Total property, plant and equipment, net $ 481,394 $ 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 of held for sale assets. September 30, 2020 December 31, 2019 Accrued liabilities: Accrued compensation $ 17,350 $ 17,169 Accrued taxes, other than income taxes 3,113 3,152 Other 1,766 1,434 Total accrued liabilities $ 22,229 $ 21,755

IMPAIRMENT CHARGES

IMPAIRMENT CHARGES	9 Months Ended
	Sep. 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 certain 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 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 the second quarter 2019 unaudited consolidated statement of operations related to prior periods: (i) additional accretion expense related to the ARO of $0.9 million, (ii) additional depreciation and amortization expense of $0.5 million related to amortization of the related asset retirement cost and (iii) 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2020.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net income (loss) attributable to Civeo common shareholders $ 6,517 $ 4,532 $ (133,885) $ (28,276) Less: income allocated to participating securities (944) (653) — — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 5,573 $ 3,879 $ (133,885) $ (28,276) Add: undistributed income attributable to participating securities 944 653 — — Less: undistributed income reallocated to participating securities (942) (651) — — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 5,575 $ 3,881 $ (133,885) $ (28,276) Denominator: Weighted average shares outstanding - basic 169,924 167,640 169,420 166,842 Dilutive shares - share-based awards 620 642 — — Weighted average shares outstanding - diluted 170,544 168,282 169,420 166,842 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ 0.02 $ (0.79) $ (0.17) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ 0.02 $ (0.79) $ (0.17) (1) Computations may reflect rounding adjustments.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
DEBT	DEBT As of September 30, 2020 and December 31, 2019, long-term debt consisted of the following (in thousands): September 30, 2020 December 31, 2019 Canadian term loan, which matures on May 30, 2023; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 4.0% for the nine month period ended September 30, 2020 $ 187,371 $ 224,963 U.S. revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 5.6% for the nine month period ended September 30, 2020 — — Canadian revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 4.2% for the nine month period ended September 30, 2020 55,478 134,117 Australian revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 3.6% for the nine month period ended September 30, 2020 29,697 — 272,546 359,080 Less: Unamortized debt issuance costs 2,692 2,208 Total debt 269,854 356,872 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 32,978 35,080 Long-term debt, less current maturities $ 236,876 $ 321,792 We did not have any capitalized interest to net against interest expense for the three and nine months ended September 30, 2020 or 2019. Amended Credit Agreement As of December 31, 2019, our Credit Agreement, as then amended, 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. On September 3, 2020, the third amendment to the Credit Agreement (as so amended, the Amended Credit Agreement) became effective, which, among other things: • Extended the maturity date by 18 months of the commitments and loans of each lender remaining a lender following the effectiveness of the Amended Credit Agreement to May 30, 2023. Certain lenders are not extending the maturity date of their commitments and loans; the loans of the non-extending lenders were paid in full primarily with borrowings under the facility, and their commitments terminated on the date the Amended Credit Agreement became effective. • Increased the margin applicable to loans and the commitment fee payable on the commitments of the lenders. Prior to entering into the Amended Credit Agreement, (i) the margin applicable to Eurocurrency loans, BBSY rate loans and B/A loans ranged from 2.25% to 4.00%, (ii) the margin applicable to ABR loans, Canadian Prime rate loans and U.S. Base rate loans ranged from 1.25% to 3.00% and (iii) the commitment fee ranged from 0.51% to 0.90%, in each case increasing as the total leverage ratio of the parent borrower and its subsidiaries increased from less than 2.00 to 1.00 to greater than 4.00 to 1.00. Following entry into the Amended Credit Agreement, these ranges have increased to (i) 3.50% to 4.50%, (ii) 2.50% to 3.50% and (iii) 0.875% to 1.125%, respectively, in each case as the total leverage ratio increases from less than 2.50 to 1.00 to greater than 3.50 to 1.00. • Decreased (i) the U.S. revolving commitments from $20.0 million to $10.0 million, (ii) the maximum permitted amount of U.S. L/C exposure from $15.0 million to $10.0 million to match the reduction in the U.S. revolving commitments, (iii) the Canadian revolving commitments from $183.5 million to $122.3 million and (iv) the Australian revolving commitments from $60.0 million to $35.0 million. 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 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 Amended Credit Agreement bear interest at a variable rate equal to the London Inter-Bank Offered Rate (LIBOR) plus a margin of 3.50% to 4.50%, or a base rate plus 2.50% to 3.50%, 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 (as defined in the Amended Credit Agreement) based on the Canadian Dollar Offered Rate (CDOR) plus a margin of 3.50% to 4.50%, or a Canadian Prime rate plus a margin of 2.50% to 3.50%, 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 3.50% to 4.50%, 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 Amended 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 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 3.75 to 1.0 (as of September 30, 2020). As noted above, the permitted maximum leverage ratio decreases to 3.5 to 1.0 beginning December 31, 2020. 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 September 30, 2020.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 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 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 September 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 September 30, 2019, the U.S. was considered a loss jurisdiction for tax accounting purposes and was removed from the 2019 annual effective tax rate computation for purposes of computing the interim tax provision. Our income tax expense for the three months ended September 30, 2020 totaled $0.2 million, or 2.4% of pretax loss, compared to a benefit of $6.6 million, or 421.4% of pretax income, for the three months ended September 30, 2019. For the three months ended September 30, 2020, we recorded a tax expense of $0.1 million related to foreign withholding and U.S. state income taxes. Additionally, the effective tax rate for the three months ended September 30, 2019 was impacted by a tax benefit of $3.0 million related to a reduction in the Alberta, Canada income tax rate, as well as a $2.1 million tax benefit related to the change in the valuation allowance in Australia resulting from the acquisition of Action. 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 nine months ended September 30, 2020 totaled $8.5 million, or 6.1% of pretax loss, compared to a benefit of $14.0 million, or 34.2% of pretax loss, for the nine months ended September 30, 2019. Our effective tax rate for the nine months ended September 30, 2020 was impacted by considering Canada and the U.S. loss jurisdictions. Additionally, although Australia was not considered a loss jurisdiction for the nine months ended September 30, 2020, our effective tax rate was impacted by utilization of deferred tax assets and a release of the corresponding valuation allowance in Australia, resulting in no income tax expense for that jurisdiction. For the nine months ended September 30, 2020, we recorded a deferred tax benefit of $9.0 million, offset by a valuation allowance of $0.1 million, against the Canadian net deferred tax assets. Our effective tax rate for the nine months ended September 30, 2019 was impacted by a reduction in the Alberta, Canada income tax rate, as well as a change in the valuation allowance in Australia resulting from the acquisition of Action.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 $8.0 million from $363.2 million at December 31, 2019 to $371.2 million at September 30, 2020, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the nine months of 2020 were primarily driven by the Australian dollar increasing in value compared to the U.S. dollar, partially offset by the 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$0.2 billion and A$0.3 billion, respectively, at September 30, 2020.

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Changes in the carrying amount of goodwill from December 31, 2019 to September 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) 151 — (8,481) Goodwill impairment (1) (93,606) — — (93,606) Goodwill, net of $113.5 million accumulated impairment loss as of September 30, 2020 $ — $ 8,086 $ — $ 8,086 (1) See Note 6 – Impairment Charges for further information.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 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 are authorized to 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 September 30, 2020 and 2019 totaled $0.7 million and $1.5 million, respectively. Compensation expense associated with restricted share awards, restricted share units and deferred share awards recognized in the nine months ended September 30, 2020 and 2019 totaled $2.7 million and $4.3 million, respectively. The total fair value of restricted share awards, restricted share units and deferred share awards that vested during the three months ended September 30, 2020 and 2019 was less than $0.1 million. The total fair value of restricted share awards, restricted share units and deferred share awards that vested during the nine months ended September 30, 2020 and 2019 was $2.6 million and $4.0 million, respectively. At September 30, 2020, unrecognized compensation cost related to restricted share awards, restricted share units and deferred share awards was $2.0 million, which is expected to be recognized over a weighted average period of 1.0 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 September 30, 2020 and 2019, we recognized compensation expense associated with phantom shares totaling $0.5 million and $0.1 million, respectively. During the nine months ended September 30, 2020 and 2019, we recognized compensation expense associated with phantom shares totaling $1.2 million and $3.5 million, respectively. At September 30, 2020, unrecognized compensation cost related to phantom shares was $2.9 million, as remeasured at September 30, 2020, which is expected to be recognized over a weighted average period of 2.3 years. Performance Awards. During the three months ended September 30, 2020 and 2019, we recognized compensation expense associated with performance awards totaling $0.6 million and $1.1 million, respectively. During the nine months ended September 30, 2020 and 2019, we recognized compensation expense associated with performance awards totaling $2.1 million and $3.3 million, respectively. The total fair value of performance share awards that vested during the three months ended September 30, 2020 and 2019 was zero. The total fair value of performance share awards that vested during the nine months ended September 30, 2020 and 2019 was $1.9 million and $10.1 million, respectively.

SEGMENT AND RELATED INFORMATION

SEGMENT AND RELATED INFORMATION	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 and 2019 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended September 30, 2020 Canada $ 71,785 $ 13,266 $ 1,007 $ 362 $ 691,634 Australia 64,685 10,739 9,890 1,825 266,591 U.S. 6,387 747 (3,197) 84 27,017 Corporate and eliminations — 68 (610) 126 (252,306) Total $ 142,857 $ 24,820 $ 7,090 $ 2,397 $ 732,936 Three months ended September 30, 2019 Canada $ 91,071 $ 18,219 $ 2,919 $ 2,851 $ 843,818 Australia 47,743 9,576 4,662 675 279,386 U.S. 9,349 1,611 (2,167) 576 51,376 Corporate and eliminations — 1,790 (2,538) 207 (163,757) Total $ 148,163 $ 31,196 $ 2,876 $ 4,309 $ 1,010,823 Nine months ended September 30, 2020 Canada $ 204,119 $ 39,812 $ (142,343) $ 1,203 $ 691,634 Australia 170,869 29,767 24,245 3,036 266,591 United States 21,363 2,525 (19,954) 1,468 27,017 Corporate and eliminations — 423 (5,768) 537 (252,306) Total $ 396,351 $ 72,527 $ (143,820) $ 6,244 $ 732,936 Nine months ended September 30, 2019 Canada $ 235,943 $ 50,574 $ (14,437) $ 19,294 $ 843,818 Australia 107,160 29,401 (1,302) 2,508 279,386 United States 35,763 7,713 (4,484) 2,870 51,376 Corporate and eliminations — 5,286 (6,850) 845 (163,757) Total $ 378,866 $ 92,974 $ (27,073) $ 25,517 $ 1,010,823

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 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)	9 Months Ended
	Sep. 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 Nine Months Ended 2020 2019 2020 2019 Canada Accommodation revenues $ 49,798 $ 79,939 $ 156,068 $ 203,774 Mobile facility rental revenues 13,135 3,048 21,715 5,648 Food service and other services revenues 8,852 8,084 26,336 25,507 Manufacturing revenues — — — 1,014 Total Canada revenues 71,785 91,071 204,119 235,943 Australia Accommodation revenues $ 39,470 $ 33,056 $ 106,988 $ 92,473 Food service and other services revenues 25,215 14,687 63,881 14,687 Total Australia revenues 64,685 47,743 170,869 107,160 U.S. Accommodation revenues $ 394 $ 1,655 $ 1,892 $ 11,354 Mobile facility rental revenues 3,218 6,952 13,275 21,175 Manufacturing revenues 2,772 714 6,159 3,116 Food service and other services revenues 3 28 37 118 Total U.S. revenues 6,387 9,349 21,363 35,763 Total revenues $ 142,857 $ 148,163 $ 396,351 $ 378,866
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	As of September 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 September 30, 2020 $ 33,002 $ 61,031 $ 29,120 $ 11,820 $ 134,973

DETAILS OF SELECTED BALANCE S_2

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS (Tables)	9 Months Ended
	Sep. 30, 2020
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable	Additional information regarding selected balance sheet accounts at September 30, 2020 and December 31, 2019 is presented below (in thousands): September 30, 2020 December 31, 2019 Accounts receivable, net: Trade $ 68,848 $ 76,370 Unbilled revenue 21,819 23,041 Other (1) 2,357 335 Total accounts receivable 93,024 99,746 Allowance for credit losses (270) (253) Total accounts receivable, net $ 92,754 $ 99,493 (1) As of September 30, 2020, Other accounts receivable includes a $2.4 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 related to the CEWS during the three and nine months ended September 30, 2020 was $3.6 million and $9.7 million, respectively.
Schedule of Inventories	September 30, 2020 December 31, 2019 Inventories: Finished goods and purchased products $ 4,538 $ 3,982 Work in process 18 813 Raw materials 1,219 1,082 Total inventories $ 5,775 $ 5,877
Property, Plant and Equipment	Estimated September 30, 2020 December 31, 2019 Property, plant and equipment, net: Land $ 47,049 $ 43,147 Accommodations assets 3 — 15 1,651,178 1,696,425 Buildings and leasehold improvements 7 — 20 33,714 26,108 Machinery and equipment 4 — 15 12,110 12,060 Office furniture and equipment 3 — 7 59,432 58,005 Vehicles 3 — 5 14,711 14,604 Construction in progress 5,551 4,286 Total property, plant and equipment 1,823,745 1,854,635 Accumulated depreciation (1,342,351) (1,264,326) Total property, plant and equipment, net $ 481,394 $ 590,309
Schedule of Accrued Liabilities	September 30, 2020 December 31, 2019 Accrued liabilities: Accrued compensation $ 17,350 $ 17,169 Accrued taxes, other than income taxes 3,113 3,152 Other 1,766 1,434 Total accrued liabilities $ 22,229 $ 21,755

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net income (loss) attributable to Civeo common shareholders $ 6,517 $ 4,532 $ (133,885) $ (28,276) Less: income allocated to participating securities (944) (653) — — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 5,573 $ 3,879 $ (133,885) $ (28,276) Add: undistributed income attributable to participating securities 944 653 — — Less: undistributed income reallocated to participating securities (942) (651) — — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 5,575 $ 3,881 $ (133,885) $ (28,276) Denominator: Weighted average shares outstanding - basic 169,924 167,640 169,420 166,842 Dilutive shares - share-based awards 620 642 — — Weighted average shares outstanding - diluted 170,544 168,282 169,420 166,842 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ 0.02 $ (0.79) $ (0.17) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.03 $ 0.02 $ (0.79) $ (0.17)

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	As of September 30, 2020 and December 31, 2019, long-term debt consisted of the following (in thousands): September 30, 2020 December 31, 2019 Canadian term loan, which matures on May 30, 2023; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 4.0% for the nine month period ended September 30, 2020 $ 187,371 $ 224,963 U.S. revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 5.6% for the nine month period ended September 30, 2020 — — Canadian revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 4.2% for the nine month period ended September 30, 2020 55,478 134,117 Australian revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 3.6% for the nine month period ended September 30, 2020 29,697 — 272,546 359,080 Less: Unamortized debt issuance costs 2,692 2,208 Total debt 269,854 356,872 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 32,978 35,080 Long-term debt, less current maturities $ 236,876 $ 321,792
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 September 30, 2020 3.75 : 1.00 December 31, 2020 and thereafter 3.50 : 1.00

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Changes in the carrying amount of goodwill from December 31, 2019 to September 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) 151 — (8,481) Goodwill impairment (1) (93,606) — — (93,606) Goodwill, net of $113.5 million accumulated impairment loss as of September 30, 2020 $ — $ 8,086 $ — $ 8,086 (1) See Note 6 – Impairment Charges for further information.

SEGMENT AND RELATED INFORMATI_2

SEGMENT AND RELATED INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Financial information by business segment for each of the three and nine months ended September 30, 2020 and 2019 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended September 30, 2020 Canada $ 71,785 $ 13,266 $ 1,007 $ 362 $ 691,634 Australia 64,685 10,739 9,890 1,825 266,591 U.S. 6,387 747 (3,197) 84 27,017 Corporate and eliminations — 68 (610) 126 (252,306) Total $ 142,857 $ 24,820 $ 7,090 $ 2,397 $ 732,936 Three months ended September 30, 2019 Canada $ 91,071 $ 18,219 $ 2,919 $ 2,851 $ 843,818 Australia 47,743 9,576 4,662 675 279,386 U.S. 9,349 1,611 (2,167) 576 51,376 Corporate and eliminations — 1,790 (2,538) 207 (163,757) Total $ 148,163 $ 31,196 $ 2,876 $ 4,309 $ 1,010,823 Nine months ended September 30, 2020 Canada $ 204,119 $ 39,812 $ (142,343) $ 1,203 $ 691,634 Australia 170,869 29,767 24,245 3,036 266,591 United States 21,363 2,525 (19,954) 1,468 27,017 Corporate and eliminations — 423 (5,768) 537 (252,306) Total $ 396,351 $ 72,527 $ (143,820) $ 6,244 $ 732,936 Nine months ended September 30, 2019 Canada $ 235,943 $ 50,574 $ (14,437) $ 19,294 $ 843,818 Australia 107,160 29,401 (1,302) 2,508 279,386 United States 35,763 7,713 (4,484) 2,870 51,376 Corporate and eliminations — 5,286 (6,850) 845 (163,757) Total $ 378,866 $ 92,974 $ (27,073) $ 25,517 $ 1,010,823

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Narrative (Details)	9 Months Ended
	Sep. 30, 2020segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

REVENUE - Narrative (Details)

REVENUE - Narrative (Details)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 142,857	$ 148,163	$ 396,351	$ 378,866
Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	3,217	6,942	13,261	21,057
Canada
Disaggregation of Revenue [Line Items]
Total revenues	71,785	91,071	204,119	235,943
Canada | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	49,798	79,939	156,068	203,774
Canada | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	13,135	3,048	21,715	5,648
Canada | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	8,852	8,084	26,336	25,507
Canada | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	1,014
Australia
Disaggregation of Revenue [Line Items]
Total revenues	64,685	47,743	170,869	107,160
Australia | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	39,470	33,056	106,988	92,473
Australia | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	25,215	14,687	63,881	14,687
U.S.
Disaggregation of Revenue [Line Items]
Total revenues	6,387	9,349	21,363	35,763
U.S. | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	394	1,655	1,892	11,354
U.S. | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	3,218	6,952	13,275	21,175
U.S. | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	3	28	37	118
U.S. | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,772	$ 714	$ 6,159	$ 3,116

REVENUE - Revenue related to pe

REVENUE - Revenue related to performance obligations (Details) $ in Thousands	Sep. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 134,973
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	3 months
Revenue expected to be recognized	$ 33,002
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	$ 61,031
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	$ 29,120
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	$ 11,820

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Measurement Input, Discount Rate	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 93,024		$ 93,024		$ 99,746
Allowance for credit losses	(270)		(270)		(253)
Total accounts receivable, net	92,754		92,754		99,493
Other income	4,542	$ 2,849	17,209	$ 6,882
Canada Emergency Wage Subsidy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other income	3,600		9,700
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	68,848		68,848		76,370
Unbilled revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	21,819		21,819		23,041
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	2,357		2,357		$ 335
Other | Canada Emergency Wage Subsidy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 2,400		$ 2,400

DETAILS OF SELECTED BALANCE S_4

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventories:
Finished goods and purchased products	$ 4,538	$ 3,982
Work in process	18	813
Raw materials	1,219	1,082
Total inventories	$ 5,775	$ 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	9 Months Ended	12 Months Ended
	Jun. 30, 2020	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 1,823,745	$ 1,854,635
Accumulated depreciation		(1,342,351)	(1,264,326)
Total property, plant and equipment, net		481,394	590,309
Reclassification to property, plant, and equipment	$ 6,600
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		47,049	43,147
Accommodations assets
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 1,651,178	$ 1,696,425
Accommodations assets | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		3 years	3 years
Accommodations assets | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		15 years	15 years
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 33,714	$ 26,108
Buildings and leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		7 years	7 years
Buildings and leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		20 years	20 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 12,110	$ 12,060
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		4 years	4 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		15 years	15 years
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 59,432	$ 58,005
Office furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		3 years	3 years
Office furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		7 years	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 14,711	$ 14,604
Vehicles | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		3 years	3 years
Vehicles | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)		5 years	5 years
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 5,551	$ 4,286

DETAILS OF SELECTED BALANCE S_6

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accrued liabilities:
Accrued compensation	$ 17,350	$ 17,169
Accrued taxes, other than income taxes	3,113	3,152
Other	1,766	1,434
Total accrued liabilities	$ 22,229	$ 21,755

IMPAIRMENT CHARGES (Details)

IMPAIRMENT CHARGES (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2020	Jun. 30, 2019	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss			$ 93,606,000
Estimated fair value of Canadian lodge			481,394,000	$ 590,309,000
Canada
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss	$ 0
Canada
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss			93,606,000
Impairment expense of long-lived assets	38,100,000
Estimated fair value of Canadian lodge	43,500,000
Canada | Canadian Lodge In Southern Alberta
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets		$ 4,500,000
Estimated fair value of Canadian lodge		500,000
Canada | Canada
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets	93,600,000
United States
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss			0
Impairment expense of long-lived assets	12,400,000
Estimated fair value of Canadian lodge	$ 12,500,000
Australia
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss			$ 0
Australia | Australia Village | Revision of Prior Period, Adjustment | Previously Unrecorded Liability For Asset Retirement Obligation
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	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Jun. 30, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 8,086		$ 8,086			$ 110,173
Other income		4,542	$ 2,849	17,209	$ 6,882
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
Other income				4,700
Australia
Business Acquisition [Line Items]
Goodwill		$ 8,086		$ 8,086
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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss) attributable to Civeo common shareholders	$ 6,517	$ 4,532	$ (133,885)	$ (28,276)
Less: income allocated to participating securities	(944)	(653)	0	0
Basic net income (loss) attributable to Civeo Corporation common shareholders	5,573	3,879	(133,885)	(28,276)
Add: undistributed income attributable to participating securities	944	653	0	0
Less: undistributed income reallocated to participating securities	(942)	(651)	0	0
Diluted net income (loss) attributable to Civeo Corporation common shareholders	$ 5,575	$ 3,881	$ (133,885)	$ (28,276)
Denominator:
Weighted average shares outstanding - basic (in shares)	169,924	167,640	169,420	166,842
Dilutive shares - share-based awards (in shares)	620	642	0	0
Weighted average shares outstanding - diluted (in shares)	170,544	168,282	169,420	166,842
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ 0.02	$ (0.79)	$ (0.17)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.03	$ 0.02	$ (0.79)	$ (0.17)

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 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)	2.4	4.5	4.9	6.9
Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	28.8	28.2	28.8	28.2

DEBT - Long-term Debt (Details)

DEBT - Long-term Debt (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Long-term debt, gross	$ 272,546	$ 359,080
Less: Unamortized debt issuance costs	2,692	2,208
Total debt	269,854	356,872
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	32,978	35,080
Long-term debt, less current maturities	236,876	321,792
Canadian term loan, which matures on May 30, 2023; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 4.0% for the nine month period ended September 30, 2020
Debt Instrument [Line Items]
Canadian term loan	$ 187,371	224,963
Stated interest rate	3.125%
Weighted average interest rate of term loan	4.00%
U.S. revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 5.6% for the nine month period ended September 30, 2020
Debt Instrument [Line Items]
Revolving credit facility	$ 0	0
Interest rate on line of credit facility	5.60%
Canadian revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 4.2% for the nine month period ended September 30, 2020
Debt Instrument [Line Items]
Revolving credit facility	$ 55,478	134,117
Interest rate on line of credit facility	4.20%
Australian revolving credit facility, which matures on May 30, 2023, weighted average interest rate of 3.6% for the nine month period ended September 30, 2020
Debt Instrument [Line Items]
Revolving credit facility	$ 29,697	$ 0
Interest rate on line of credit facility	3.60%

DEBT - Amended Credit Agreement

DEBT - Amended Credit Agreement (Details)	Sep. 03, 2020USD ($)	Sep. 02, 2020USD ($)	Dec. 31, 2018	Sep. 30, 2020USD ($)Lender	Sep. 30, 2020USD ($)Lender	Dec. 31, 2020
Line of Credit Facility [Line Items]
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			3.50%
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			4.50%
Line of credit | Base rate | Minimum | United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			2.50%
Line of credit | Base rate | Minimum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			2.50%
Line of credit | Base rate | Maximum | United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			3.50%
Line of credit | Base rate | Maximum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			3.50%
Line of credit | Canadian Dealer Offered Rate (CDOR) | Minimum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			3.50%
Line of credit | Canadian Dealer Offered Rate (CDOR) | Maximum | Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate			4.50%
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			3.50%
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			4.50%
Credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity		$ 15,000,000
Leverage ratio					3.75
Number of lenders | Lender				8	8
Credit facility | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage		0.51%
Leverage ratio		4
Lender commitments, within credit agreement				$ 22,400,000	$ 22,400,000
Credit facility | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage		0.90%
Leverage ratio		2
Lender commitments, within credit agreement				71,100,000	71,100,000
Credit facility | Eurodollar Applicable Margin Rate, Bank Bill Swap Bid Rate (BBSY), and US Base Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		2.25%
Credit facility | Eurodollar Applicable Margin Rate, Bank Bill Swap Bid Rate (BBSY), and US Base Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		4.00%
Credit facility | Alternative Base Rate (ABR), Canadian Prime Rate, and US Base Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		1.25%
Credit facility | Alternative Base Rate (ABR), Canadian Prime Rate, and US Base Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate		3.00%
Credit facility | US term loan
Line of Credit Facility [Line Items]
Term loan, face amount				285,400,000	285,400,000
Third Amendment to the Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 10,000,000
Third Amendment to the Credit Agreement | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.875%
Leverage ratio	3.50
Third Amendment to the Credit Agreement | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	1.125%
Leverage ratio	2.50
Third Amendment to the Credit Agreement | Eurodollar Applicable Margin Rate, Bank Bill Swap Bid Rate (BBSY), and US Base Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.50%
Third Amendment to the Credit Agreement | Eurodollar Applicable Margin Rate, Bank Bill Swap Bid Rate (BBSY), and US Base Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.50%
Third Amendment to the Credit Agreement | Alternative Base Rate (ABR), Canadian Prime Rate, and US Base Rate | Minimum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Third Amendment to the Credit Agreement | Alternative Base Rate (ABR), Canadian Prime Rate, and US Base Rate | Maximum
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.50%
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 | Third Amendment to the Credit Agreement
Line of Credit Facility [Line Items]
Extended term	18 months
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	20,000,000
Outstanding letters of credit				300,000	300,000
Revolving credit facility, U.S. subsidiaries | Third Amendment to the Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 10,000,000
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	183,500,000
Outstanding letters of credit				2,600,000	2,600,000
Revolving credit facility, Canadian subsidiaries | Third Amendment to the Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	122,300,000
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	60,000,000
Outstanding letters of credit				$ 500,000	500,000
Revolving credit facility, Australian subsidiaries | Third Amendment to the Credit Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 35,000,000
Maximum Leverage Ratio
Line of Credit Facility [Line Items]
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
Scenario, Forecast | Credit facility
Line of Credit Facility [Line Items]
Leverage ratio						3.50

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Schedule of Income Taxes [Line Items]
Income tax (expense) benefit	$ (180)	$ 6,629	$ 8,509	$ 13,963
Income tax benefit, percent of pretax loss	2.40%	421.40%	6.10%	34.20%
Tax expense related to foreign withholding taxes	$ 100
Tax benefit that impacted effective tax rate		$ 3,000
Deferred income tax benefit			$ 8,941	$ 14,732
Action
Schedule of Income Taxes [Line Items]
Valuation allowance		$ 2,100
Canada
Schedule of Income Taxes [Line Items]
Valuation allowance			100
Deferred income tax benefit			$ 9,000
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	9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2020CAD ($)	Sep. 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	$ 8,000
Accumulated other comprehensive loss	$ (371,212)			$ (363,173)
International functional currency net assets		$ 0.2	$ 0.3

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 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	(8,481)
Goodwill impairment	(93,606)
Goodwill, net of $113.5 million accumulated impairment loss as of September 30, 2020	8,086
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 September 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	151
Goodwill impairment	0
Goodwill, net of $113.5 million accumulated impairment loss as of September 30, 2020	8,086
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 September 30, 2020	$ 0

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details) - USD ($)	Feb. 25, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 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				$ 1,200,000
Restricted stock and deferred stock awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense		$ 700,000	$ 1,500,000	2,700,000	$ 4,300,000
Fair value of restricted share awards and deferred compensation that vested during the period		100,000	100,000	2,600,000	4,000,000
Unrecognized compensation cost related to share awards		2,000,000		$ 2,000,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.				1 year
Phantom share units (PSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense		500,000	100,000		3,500,000
Unrecognized compensation cost related to share awards		2,900,000		$ 2,900,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.				2 years 3 months 18 days
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	$ 2,100,000	3,300,000
Fair value of restricted share awards and deferred compensation that vested during the period		0	$ 0	1,900,000	$ 10,100,000
Unrecognized compensation cost related to share awards		$ 2,200,000		$ 2,200,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.				1 year 2 months 12 days

SEGMENT AND RELATED INFORMATI_3

SEGMENT AND RELATED INFORMATION - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total revenues	$ 142,857	$ 148,163	$ 396,351	$ 378,866
Depreciation and amortization	24,820	31,196	72,527	92,974
Operating income (loss)	7,090	2,876	(143,820)	(27,073)
Capital expenditures	2,397	4,309	6,244	25,517
Total assets	732,936	1,010,823	732,936	1,010,823	$ 969,912
Canada
Segment Reporting Information [Line Items]
Total revenues	71,785	91,071	204,119	235,943
Australia
Segment Reporting Information [Line Items]
Total revenues	64,685	47,743	170,869	107,160
U.S.
Segment Reporting Information [Line Items]
Total revenues	6,387	9,349	21,363	35,763
Operating segments | Canada
Segment Reporting Information [Line Items]
Total revenues	71,785	91,071	204,119	235,943
Depreciation and amortization	13,266	18,219	39,812	50,574
Operating income (loss)	1,007	2,919	(142,343)	(14,437)
Capital expenditures	362	2,851	1,203	19,294
Total assets	691,634	843,818	691,634	843,818
Operating segments | Australia
Segment Reporting Information [Line Items]
Total revenues	64,685	47,743	170,869	107,160
Depreciation and amortization	10,739	9,576	29,767	29,401
Operating income (loss)	9,890	4,662	24,245	(1,302)
Capital expenditures	1,825	675	3,036	2,508
Total assets	266,591	279,386	266,591	279,386
Operating segments | U.S.
Segment Reporting Information [Line Items]
Total revenues	6,387	9,349	21,363	35,763
Depreciation and amortization	747	1,611	2,525	7,713
Operating income (loss)	(3,197)	(2,167)	(19,954)	(4,484)
Capital expenditures	84	576	1,468	2,870
Total assets	27,017	51,376	27,017	51,376
Corporate and eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Depreciation and amortization	68	1,790	423	5,286
Operating income (loss)	(610)	(2,538)	(5,768)	(6,850)
Capital expenditures	126	207	537	845
Total assets	$ (252,306)	$ (163,757)	$ (252,306)	$ (163,757)

Uncategorized Items - cveo-2020

Label	Element	Value
Accounting Standards Update [Extensible List]	us-gaap_AccountingStandardsUpdateExtensibleList	us-gaap:AccountingStandardsUpdate201409Member