Civeo (CVEO) 10-Q 28 Oct 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Oct. 25, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-36246
Entity Registrant Name	Civeo Corp
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		14,250,180
Entity Central Index Key	0001590584
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenues:
Total revenues		$ 155,063	$ 142,857	$ 434,669	$ 396,351
Costs and expenses:
Selling, general and administrative expenses		17,320	13,462	46,204	38,889
Depreciation and amortization expense		20,282	24,820	62,928	72,527
Impairment expense		0	0	7,935	144,120
Other operating expense		21	51	122	755
Total costs and expenses		149,053	135,767	436,431	540,171
Operating income (loss)		6,010	7,090	(1,762)	(143,820)
Interest expense		(3,166)	(3,646)	(9,929)	(13,095)
Loss on extinguishment of debt		(416)	(383)	(416)	(383)
Interest income		0	0	2	20
Other (expense) income		364	4,542	6,066	17,209
Income (loss) before income taxes		2,792	7,603	(6,039)	(140,069)
Income tax (expense) benefit		(1,770)	(180)	(2,354)	8,509
Net income (loss)		1,022	7,423	(8,393)	(131,560)
Less: Net income attributable to noncontrolling interest		478	434	534	914
Net income (loss) attributable to Civeo Corporation		544	6,989	(8,927)	(132,474)
Less: Dividends attributable to Class A preferred shares		482	472	1,440	1,411
Net income (loss) attributable to Civeo common shareholders		$ 62	$ 6,517	$ (10,367)	$ (133,885)
Per Share Data (see Note 8)
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	[1]	$ 0	$ 0.39	$ (0.73)	$ (9.48)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	[1]	$ 0	$ 0.39	$ (0.73)	$ (9.48)
Weighted average number of common shares outstanding:
Basic (in shares)		14,277	14,160	14,255	14,118
Diluted (in shares)		14,361	14,212	14,255	14,118
Service and other
Revenues:
Total revenues		$ 150,081	$ 136,523	$ 419,861	$ 375,928
Costs and expenses:
Service and other costs		107,287	92,147	307,198	267,051
Rental
Revenues:
Total revenues		4,581	3,217	12,185	13,261
Costs and expenses:
Service and other costs		3,892	3,131	10,523	11,559
Product
Revenues:
Total revenues		401	3,117	2,623	7,162
Costs and expenses:
Service and other costs		$ 251	$ 2,156	$ 1,521	$ 5,270
[1]	Reflects our 1-for-12 reverse share split that became effective November 19, 2020. See Note 1 - Description of Business and Basis of Presentation to the notes to the unaudited consolidated financial statements included in Item 1 of this quarterly report for further discussion.

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Operations (Parentheticals)	Nov. 19, 2020
Income Statement [Abstract]
Reverse stock split, conversion ratio	0.0833

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 1,022	$ 7,423	$ (8,393)	$ (131,560)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustment, net of zero taxes	(12,217)	11,131	(15,417)	(8,025)
Total other comprehensive income (loss), net of taxes	(12,217)	11,131	(15,417)	(8,025)
Comprehensive income (loss)	(11,195)	18,554	(23,810)	(139,585)
Less: Comprehensive (loss) income attributable to noncontrolling interest	450	462	488	928
Comprehensive (loss) income attributable to Civeo Corporation	$ (11,645)	$ 18,092	$ (24,298)	$ (140,513)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
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, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents		$ 4,948	$ 6,155
Accounts receivable, net		108,058	89,782
Inventories		6,089	6,181
Prepaid expenses		10,823	7,020
Other current assets		12,575	6,165
Assets held for sale		15,530	3,910
Total current assets		158,023	119,213
Property, plant and equipment, net		399,962	486,930
Goodwill		8,125	8,729
Other intangible assets, net		94,680	99,749
Operating lease right-of-use assets		19,265	22,606
Other noncurrent assets		3,987	3,626
Total assets		684,042	740,853
Current liabilities:
Accounts payable		45,193	42,056
Accrued liabilities		31,084	27,349
Income taxes		261	203
Current portion of long-term debt		30,473	34,585
Deferred revenue		24,219	6,812
Other current liabilities		5,718	5,760
Total current liabilities		136,948	116,765
Long-term debt, less current maturities		162,689	214,000
Operating lease liabilities		16,382	19,834
Other noncurrent liabilities		15,238	14,897
Total liabilities		331,257	365,496
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 $96,953,917 and $95,514,031 as of September 30, 2021 and December 31, 2020)		61,456	60,016
Common shares (no par value; 46,000,000 shares authorized, 14,636,872 shares and 14,478,878 shares issued, respectively, and 14,316,274 shares and 14,215,169 shares outstanding, respectively)	[1]	0	0
Additional paid-in capital		1,581,248	1,578,315
Accumulated deficit		(918,539)	(907,727)
Common shares held in treasury at cost, 320,598 and 263,709 shares, respectively		(8,050)	(6,930)
Accumulated other comprehensive loss		(364,360)	(348,989)
Total Civeo Corporation shareholders’ equity		351,755	374,685
Noncontrolling interest		1,030	672
Total shareholders’ equity		352,785	375,357
Total liabilities and shareholders’ equity		$ 684,042	$ 740,853
[1]	Reflects our 1-for-12 reverse share split that became effective November 19, 2020. See Note 1 - Description of Business and Basis of Presentation to the notes to the unaudited consolidated financial statements included in Item 1 of this quarterly report for further discussion.

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) $ in Thousands	Sep. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares
Statement of Financial Position [Abstract]
Preferred shares, par value (in dollars per share) | $ / shares	$ 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 | $	$ 96,953,917	$ 95,514,031
Common stock, par value (in dollars per share) | $ / shares	$ 0	$ 0
Common stock, shares authorized (in shares)	46,000,000	46,000,000
Common stock, shares issued (in shares)	14,628,404	14,478,878
Common stock, shares outstanding (in shares)	14,307,806	14,215,169
Treasury shares (in shares)	320,598	263,709

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares		Additional Paid-in Capital	Accumulated Deficit	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
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				(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 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				(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
Beginning balance at Dec. 31, 2020	375,357	60,016			1,578,315	(907,727)	(6,930)	(348,989)	672
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(8,393)					(8,927)			534
Currency translation adjustment	(15,417)							(15,371)	(46)
Dividends paid	(130)								(130)
Dividends attributable to Class A preferred shares		1,440				(1,440)
Common shares repurchased	(445)	0	$ (20)			(445)
Share-based compensation	1,813				2,933		(1,120)
Ending balance at Sep. 30, 2021	352,785	$ 61,456			1,581,248	(918,539)	(8,050)	(364,360)	1,030
Beginning balance (in shares) at Dec. 31, 2020		9,042	14,215,000	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)		0	113,000	[1]
Ending balance (in shares) at Sep. 30, 2021		9,042	14,308,000	[1]
Beginning balance at Jun. 30, 2021	363,405	$ 60,974			1,580,213	(918,156)	(8,050)	(352,171)	595
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	1,022					544			478
Currency translation adjustment	(12,217)							(12,189)	(28)
Dividends paid	(15)								(15)
Dividends attributable to Class A preferred shares		482				(482)
Common shares repurchased	(445)					(445)
Share-based compensation	1,035				1,035
Ending balance at Sep. 30, 2021	$ 352,785	$ 61,456			$ 1,581,248	$ (918,539)	$ (8,050)	$ (364,360)	$ 1,030
Ending balance (in shares) at Sep. 30, 2021		9,042	14,308,000	[1]
[1]	Reflects our 1-for-12 reverse share split that became effective November 19, 2020. See Note 1 - Description of Business and Basis of Presentation to the notes to the unaudited consolidated financial statements included in Item 1 of this quarterly report for further discussion.

Unaudited Consolidated Statem_6

Unaudited Consolidated Statements of Changes in Shareholders' Equity (Parentheticals)	Nov. 19, 2020
Statement of Stockholders' Equity [Abstract]
Reverse stock split, conversion ratio	0.0833

Unaudited Consolidated Statem_7

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net loss	$ (8,393)	$ (131,560)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	62,928	72,527
Impairment charges	7,935	144,120
Loss on extinguishment of debt	416	383
Deferred income tax expense (benefit)	2,105	(8,941)
Non-cash compensation charge	2,933	4,804
Gains on disposals of assets	(2,305)	(2,581)
Provision for credit losses, net of recoveries	155	45
Other, net	2,436	(2,730)
Changes in operating assets and liabilities:
Accounts receivable	(21,516)	5,355
Inventories	(193)	194
Accounts payable and accrued liabilities	9,836	1,247
Taxes payable	61	51
Other current and noncurrent assets and liabilities, net	6,843	(2,239)
Net cash flows provided by operating activities	63,241	80,675
Cash flows from investing activities:
Capital expenditures	(9,645)	(6,244)
Proceeds from disposition of property, plant and equipment	7,545	3,336
Other, net	0	4,619
Net cash flows provided by (used in) investing activities	(2,100)	1,711
Cash flows from financing activities:
Revolving credit borrowings	367,622	324,611
Revolving credit repayments	(305,148)	(369,122)
Term loan repayments	(117,595)	(31,092)
Debt issuance costs	(4,407)	(2,583)
Payments for Repurchase of Common Stock	(445)	0
Taxes paid on vested shares	(1,120)	(1,458)
Net cash flows used in financing activities	(61,093)	(79,644)
Effect of exchange rate changes on cash	(1,255)	865
Net change in cash and cash equivalents	(1,207)	3,607
Cash and cash equivalents, beginning of period	6,155	3,331
Cash and cash equivalents, end of period	4,948	6,938
Non-cash financing activities:
Preferred dividends paid-in-kind	$ 1,440	$ 1,411

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2021
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 provide hospitality services to the natural resources industry in Canada, Australia and the U.S. We provide a full suite of hospitality services for our guests, including lodging, catering and 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, liquefied natural gas (LNG) and iron ore producing regions, and our customers include major and independent oil 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. Reverse Share Split On November 19, 2020, we effected a reverse share split where each twelve issued and outstanding common shares were converted into one common share. Our common shares began trading on a reverse share split adjusted basis on November 19, 2020. A total of 14,215,169 common shares were issued and outstanding immediately after the reverse share split. No fractional shares were outstanding following the reverse share split. In lieu of any fractional share, the aggregate number of common shares that a holder was entitled to was, if the fraction was less than half a common share, rounded down to the next closest whole number of common shares, and if the fraction was at least half of a common share, rounded up to one whole common share. The reverse share split did not affect the number of authorized or issued and outstanding shares of our preferred shares. As a result of the reverse share split, the conversion price for the Company’s outstanding Class A Series 1 preferred shares (Series A preferred shares) was automatically increased to $39.60 for each Series A preferred share (previously it was $3.30 per Series A preferred share). All authorized, issued and outstanding shares and per share amounts contained in the accompanying consolidated financial statements have been adjusted to reflect this reverse share split for all prior periods presented. Basis of Presentation Unless otherwise stated or the context otherwise indicates: (i) all references in these consolidated financial statements to “Civeo,” “us,” “our” or “we” refer to Civeo Corporation and its consolidated subsidiaries; and (ii) all references in this report to “dollars” or “$” 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.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2021
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 December 2019, the FASB issued Accounting Standards Update (ASU) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in ASU 2019-12 remove certain exceptions to the general principles in Accounting Standards Codification (ASC) Topic 740. The amendments also clarify and amend existing guidance to improve consistent application. The amendments are effective for financial statements issued for reporting periods beginning after December 15, 2020 and interim periods within the reporting periods. The transition method (retrospective, modified retrospective or prospective basis) related to the amendments depends on the applicable guidance, and all amendments for which there is no transition guidance specified are to be applied on a prospective basis. We adopted ASU 2019-12 on January 1, 2021 and have applied the prospective basis. The adoption of this new standard did not have an impact on our consolidated financial statements.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2021
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 2021 2020 2021 2020 Canada Accommodation revenues $ 60,511 $ 49,798 $ 176,800 $ 156,068 Mobile facility rental revenues 19,075 13,135 38,240 21,715 Food service and other services revenues 4,471 8,852 14,183 26,336 Total Canada revenues 84,057 71,785 229,223 204,119 Australia Accommodation revenues $ 38,104 $ 39,470 $ 109,559 $ 106,988 Food service and other services revenues 27,014 25,215 79,215 63,881 Total Australia revenues 65,118 64,685 188,774 170,869 U.S. Accommodation revenues $ 1,812 $ 394 $ 4,189 $ 1,892 Mobile facility rental revenues 3,941 3,218 10,769 13,275 Manufacturing revenues 124 2,772 1,686 6,159 Food service and other services revenues 11 3 28 37 Total U.S. revenues 5,888 6,387 16,672 21,363 Total revenues $ 155,063 $ 142,857 $ 434,669 $ 396,351 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 and do not extend beyond 60 days, unless otherwise agreed to. We do not have significant financing components or significant payment terms. As of September 30, 2021, 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. The table only includes revenue expected to be recognized from contracts where the quantity of service is certain (in thousands): For the years ending December 31, 2021 2022 2023 Thereafter Total Revenue expected to be recognized as of September 30, 2021 $ 38,929 $ 97,897 $ 25,598 $ 7,188 $ 169,612

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2021
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, 2021 and December 31, 2020, 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, we recorded goodwill impairment charges related to one of our reporting units. Our estimates of fair value required us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances that might directly impact each of the relevant asset groups’ operations in the future and are therefore uncertain. These assumptions with respect to future circumstances included future 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. We estimated the fair value when conducting the goodwill impairment test primarily using an income approach. The discount rates used to value our reporting units for the goodwill impairment test ranged between 10.5% and 14.0%. During the second quarter of 2021 and the first quarter of 2020, we wrote down certain long-lived assets to fair value. During the first quarter of 2020, we estimated the fair value when conducting the long-lived asset impairment tests primarily using an income approach. We used a variety of unobservable inputs and underlying assumptions consistent with those discussed above for purposes of our goodwill impairment test. The discount rates used to value our Canadian and U.S. segments long-lived asset impairment analysis ranged between 11.0% and 14.0%. During the second quarter of 2021, our estimate of the fair value of undeveloped land positions in Australia that were impaired was based on appraisals from third parties. See Note 6 – Impairment Charges for further information.

DETAILS OF SELECTED BALANCE SHE

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS	9 Months Ended
	Sep. 30, 2021
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, 2021 and December 31, 2020 is presented below (in thousands): September 30, 2021 December 31, 2020 Accounts receivable, net: Trade $ 72,616 $ 66,071 Unbilled revenue 34,669 22,565 Other 1,156 1,421 Total accounts receivable 108,441 90,057 Allowance for credit losses (383) (275) Total accounts receivable, net $ 108,058 $ 89,782 As of September 30, 2021 and December 31, 2020, Other accounts receivable included zero and $1.1 million, respectively, related to the Canada Emergency Wage Subsidy (CEWS), a subsidy implemented by the Canadian government in response to the COVID-19 pandemic. For the three months ended September 30, 2021 and 2020, Other income related to the CEWS was zero and $3.6 million, respectively. For the nine months ended September 30, 2021 and 2020, Other income related to the CEWS was $3.5 million and $9.7 million, respectively. September 30, 2021 December 31, 2020 Inventories: Finished goods and purchased products $ 4,882 $ 5,047 Work in process 38 45 Raw materials 1,169 1,089 Total inventories $ 6,089 $ 6,181 Estimated September 30, 2021 December 31, 2020 Property, plant and equipment, net: Land $ 30,328 $ 47,751 Accommodations assets 3 — 15 1,658,053 1,737,620 Buildings and leasehold improvements 7 — 20 24,024 28,831 Machinery and equipment 4 — 15 13,492 12,784 Office furniture and equipment 3 — 7 62,201 61,850 Vehicles 3 — 5 14,199 15,363 Construction in progress 4,542 5,523 Total property, plant and equipment 1,806,839 1,909,722 Accumulated depreciation (1,406,877) (1,422,792) Total property, plant and equipment, net $ 399,962 $ 486,930 September 30, 2021 December 31, 2020 Accrued liabilities: Accrued compensation $ 25,919 $ 22,475 Accrued taxes, other than income taxes 2,959 3,099 Other 2,206 1,775 Total accrued liabilities $ 31,084 $ 27,349

IMPAIRMENT CHARGES

IMPAIRMENT CHARGES	9 Months Ended
	Sep. 30, 2021
Asset Impairment Charges [Abstract]
IMPAIRMENT CHARGES	IMPAIRMENT CHARGES Quarter ended June 30, 2021 . During the second quarter of 2021, we recorded impairment expense of $7.9 million related to various undeveloped land positions and related permitting costs in Australia. At June 30, 2021, we identified an impairment trigger related to certain of these properties due to the cancellation of a significant thermal coal project in Australia and our negative expectations related to other possible Australian thermal coal projects becoming viable in the near term. Accordingly, the assets were written down to their estimated fair value of $2.4 million. As of June 30, 2021, we concluded certain of the undeveloped land positions met the criteria to be classified as held for sale. 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.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE During the third quarter of 2021, we committed to a plan to dispose of certain assets in our U.S. business segment, due to the risks associated with changing geographic and market needs. Accordingly, the assets met the criteria of held for sale and we have discontinued depreciation of the assets. Their estimated fair values less the costs to sell exceeded their carrying values as of September 30, 2021. In addition, as of September 30, 2021, assets held for sale included various non-operational land holdings in Australia. These assets were recorded at the estimated fair value less costs to sell of approximately $2.1 million. As of December 31, 2020, assets held for sale included $3.9 million related to our modular construction and manufacturing plant near Edmonton, Alberta, Canada. During the first quarter 2021, the manufacturing facility was sold. The following table summarizes the carrying amount as of September 30, 2021 and December 31, 2020 of the assets classified as held for sale (in thousands): September 30, 2021 December 31, 2020 Assets held for sale: Property, plant and equipment, net $ 15,530 $ 3,910 Total assets held for sale $ 15,530 $ 3,910

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE As previously disclosed in Note 1 - Description of Business and Basis of Presentation, a 1-for-12 reverse share split became effective on November 19, 2020 for all authorized, issued and outstanding shares of Civeo common shares. Accordingly, all share and per share amounts have been adjusted to reflect this reverse stock split for all prior periods presented. 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, 2021 2020 2021 2020 Numerator: Net income (loss) attributable to Civeo common shareholders $ 62 $ 6,517 $ (10,367) $ (133,885) Less: income allocated to participating securities (9) (944) — — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 53 $ 5,573 $ (10,367) $ (133,885) Add: undistributed income attributable to participating securities 9 944 — — Less: undistributed income reallocated to participating securities (9) (942) — — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 53 $ 5,575 $ (10,367) $ (133,885) Denominator: Weighted average shares outstanding - basic 14,277 14,160 14,255 14,118 Dilutive shares - share-based awards 84 52 — — Weighted average shares outstanding - diluted 14,361 14,212 14,255 14,118 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.00 $ 0.39 $ (0.73) $ (9.48) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.00 $ 0.39 $ (0.73) $ (9.48) (1) Computations may reflect rounding adjustments.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
DEBT	DEBT As of September 30, 2021 and December 31, 2020, long-term debt consisted of the following (in thousands): September 30, 2021 December 31, 2020 Canadian term loan; weighted average interest rate of 4.2% for the nine month period ended September 30, 2021 $ 70,642 $ 187,530 U.S. revolving credit facility; weighted average interest rate of 5.8% for the nine month period ended September 30, 2021 — — Canadian revolving credit facility; weighted average interest rate of 4.5% for the nine month period ended September 30, 2021 113,809 45,789 Australian revolving credit facility; weighted average interest rate of 3.6% for the nine month period ended September 30, 2021 10,786 17,767 195,237 251,086 Less: Unamortized debt issuance costs 2,075 2,501 Total debt 193,162 248,585 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 30,473 34,585 Long-term debt, less current maturities $ 162,689 $ 214,000 Amended and Restated Credit Agreement As of December 31, 2020, our Amended and Restated Credit Agreement provided for: (i) a $167.3 million revolving credit facility scheduled to mature on May 30, 2023, allocated as follows: (A) a $10.0 million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers; (B) a $122.3 million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers; (C) a $35.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower; and (D) a $194.8 million term loan facility scheduled to mature on May 30, 2023 for certain lenders in favor of Civeo. New Syndicated Facility Agreement On September 8, 2021, we entered into a new Syndicated Facility Agreement (Credit Agreement), which, among other things, as compared to the Amended and Restated Credit Agreement outstanding prior to the effectiveness of the Credit Agreement: • provided for the increase by $32.7 million of the aggregate revolving loan commitments under the Credit Agreement, to a maximum principal amount of $200.0 million, allocated as follows: (A) a $10.0 million senior secured revolving credit facility in favor of one of our U.S. subsidiaries, as borrower; (B) a $155.0 million senior secured revolving credit facility in favor of Civeo, as borrower; and (C) a $35.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower, scheduled to mature on September 8, 2025; • provided for a C$100.0 million term loan facility scheduled to be fully repaid on December 31, 2023 in favor of Civeo; • adjusted the maximum leverage ratio to a maximum total net leverage ratio, and adjusted the level of the ratio to (i) 3.50 to 1.00 for the fiscal quarter ending September 30, 2021, 3.25 to 1.00 for the fiscal quarters ending December 31, 2021 and March 31, 2022 and 3.00 to 1.00 for each fiscal quarter ending thereafter and (ii) following a qualified offering of indebtedness, 3.50 to 1.00 for each fiscal quarter; • decreased amortization payments on the term loan facility from C$11.2 million per quarter to C$10.0 million per quarter beginning September 30, 2021; and • provided for other technical changes and amendments. As a result of entering into the Credit Agreement, we recognized a debt extinguishment loss during the third quarter of 2021 of approximately $0.4 million related to certain unamortized debt issuance costs from the Amended and Restated Credit Agreement, which is included in Loss on extinguishment of debt on the unaudited consolidated statements of operations. The remaining $3.0 million of unamortized debt issuance costs from the Amended and Restated Credit Agreement was not recognized as a loss as we concluded a significant portion of the Credit Agreement was a modification of the Amended and Restated Credit Agreement under ASC 740, "Debt." 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 3.00% to 4.00%, or a base rate plus 2.00% 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 Bankers’ Acceptance Discount Rate (as defined in the Credit Agreement) based on the Canadian Dollar Offered Rate (CDOR) plus a margin of 3.00% to 4.00%, or a Canadian Prime rate plus a margin of 2.00% 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 3.00% to 4.00%, based on a ratio of our total net debt to consolidated EBITDA. The future transitions from LIBOR and CDOR as interest rate benchmarks are addressed in the Credit Agreement and at such time the transition from (i) LIBOR takes place, an alternate benchmark will be established based on the first alternative of the following, plus a benchmark replacement adjustment, Term SOFR, Daily Simple SOFR and an alternative benchmark selected by the administrative agent and the applicable borrowers giving due consideration to any selection or recommendation by a government body or any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities at such time or (ii) CDOR takes place, we will endeavor with the administrative agent to establish an alternate rate of interest to CDOR that gives due consideration to 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 a minimum interest coverage ratio, defined as the ratio of consolidated EBITDA to consolidated interest expense, of at least 3.00 to 1.00 and our maximum net leverage ratio, defined as the ratio of total net debt to consolidated EBITDA, of no greater than the levels set forth above. Following a qualified offering of indebtedness, we will be required to maintain a maximum leverage ratio of no greater than 3.50 to 1.00 and a maximum senior secured ratio less than 2.00 to 1.00. 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 September 30, 2021. Borrowings under the Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our significant subsidiaries subject to customary exceptions. The obligations under the Credit Agreement are guaranteed by our significant subsidiaries. As of September 30, 2021, we had seven lenders that were parties to the Credit Agreement, with total commitments (including both revolving commitments and term commitments) ranging from $22.50 million to $52.0 million. As of September 30, 2021, we had outstanding letters of credit of $0.9 million under the U.S. facility, zero under the Australian facility and $1.2 million under the Canadian facility. We also had outstanding bank guarantees of A$0.8 million under the Australian facility.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2021
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, 2021 and 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. Our income tax expense for the three months ended September 30, 2021 totaled $1.8 million, or 63.4% of pretax income, compared to tax expense of $0.2 million, or 2.4% of pretax income, for the three months ended September 30, 2020. Our effective tax rate for both the three months ended September 30, 2021 and 2020 was impacted by considering Canada and the U.S. loss jurisdictions that were removed from the annual effective tax rate computation for purposes of computing the interim tax provision. 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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2021
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, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss increased $15.4 million from $349.0 million at December 31, 2020 to $364.4 million at September 30, 2021, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the first nine months of 2021 were primarily driven by the Australian dollar decreasing in value compared to the U.S. dollar, partially offset by the Canadian dollar increasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately C$176 million and A$267 million, respectively, at September 30, 2021.

SHARE REPURCHASE PROGRAM

SHARE REPURCHASE PROGRAM	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
SHARE REPURCHASE PROGRAM	SHARE REPURCHASE PROGRAM In August 2021, our Board of Directors (Board) authorized a common share repurchase program to repurchase up to 5.0% of our total common shares which are issued and outstanding, or approximately 715,000 common shares, over a twelve We intend to fund repurchases through cash on hand and cash generated from operations. Pursuant to our common share repurchase program, during the three months ended September 30, 2021, we repurchased an aggregate of 20,105 of our common shares outstanding at a weighted average price of $22.08 per share, for a total of approximately $0.4 million. The common shares repurchased under the program are cancelled in the periods they are acquired and the payment is accounted for as an increase to accumulated deficit in our Unaudited Consolidated Statements of Changes in Shareholders’ Equity in the period the payment is made.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2021
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 and the Compensation Committee of our Board 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 2.4 million Civeo common shares are authorized to be issued under the Civeo Plan. Outstanding Awards Restricted Share Awards / Restricted Share Units / Deferred Share Awards. On May 19, 2021, we granted 45,762 restricted share awards to our non-employee directors, which vest in their entirety on May 19, 2022. Compensation expense associated with restricted share awards, restricted share units and deferred share awards recognized in the three months ended September 30, 2021 and 2020 totaled $0.4 million and $0.7 million, respectively. Compensation expense associated with restricted share awards, restricted share units and deferred share awards recognized in the nine months ended September 30, 2021 and 2020 totaled $1.2 million and $2.7 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, 2021 and 2020 was zero and less than $0.1 million, respectively. The total fair value of restricted share awards, restricted share units and deferred share awards that vested during the nine months ended September 30, 2021 and 2020 was $1.5 million and $2.6 million, respectively. At September 30, 2021, unrecognized compensation cost related to restricted share awards, restricted share units and deferred share awards was $1.0 million, which is expected to be recognized over a weighted average period of 0.6 years. Phantom Share Awards. On February 22, 2021, we granted 270,079 phantom share awards under the Civeo Plan, which vest in three three During the three months ended September 30, 2021 and 2020, we recognized compensation expense associated with phantom shares totaling $2.1 million and $0.4 million, respectively. During the nine months ended September 30, 2021 and 2020, we recognized compensation expense associated with phantom shares totaling $5.0 million and $1.1 million, respectively. At September 30, 2021, unrecognized compensation cost related to phantom shares was $10.3 million, as remeasured at September 30, 2021, which is expected to be recognized over a weighted average period of 2.0 years. Performance Awards. On February 22, 2021, we granted 129,754 performance awards under the Civeo Plan, which cliff vest in three years on February 22, 2024. These awards will be earned in amounts between 0% and 200% of the participant’s target performance share award, based on (1) the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group that includes 17 other companies and (2) the payout percentage associated with Civeo's cumulative free cash flow over the performance period relative to a preset target. The portion of the performance awards tied to cumulative free cash flow includes a performance-based vesting requirement. The fair value of these awards is based on the closing market price of our common shares on the date of grant. We evaluate the probability of achieving the performance criteria throughout the performance period and will adjust share-based compensation expense based on the number of shares expected to vest based on our estimate of the most probable performance outcome. The ultimate payout of the cumulative free cash flow component of the award can vary from 0% to 60% based on actual results.

SEGMENT AND RELATED INFORMATION

SEGMENT AND RELATED INFORMATION	9 Months Ended
	Sep. 30, 2021
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 the 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, 2021 and 2020 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended September 30, 2021 Canada $ 84,057 $ 11,511 $ 6,131 $ 1,344 $ 754,223 Australia 65,118 8,033 4,422 1,647 231,427 U.S. 5,888 567 (2,124) 336 26,699 Corporate and eliminations — 171 (2,419) 62 (328,307) Total $ 155,063 $ 20,282 $ 6,010 $ 3,389 $ 684,042 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 Nine months ended September 30, 2021 Canada $ 229,223 $ 35,750 $ 5,924 $ 3,667 $ 754,223 Australia 188,774 25,004 5,073 4,348 231,427 United States 16,672 1,675 (5,831) 1,187 26,699 Corporate and eliminations — 499 (6,928) 443 (328,307) Total $ 434,669 $ 62,928 $ (1,762) $ 9,645 $ 684,042 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

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2021
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 December 2019, the FASB issued Accounting Standards Update (ASU) 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The amendments in ASU 2019-12 remove certain exceptions to the general principles in Accounting Standards Codification (ASC) Topic 740. The amendments also clarify and amend existing guidance to improve consistent application. The amendments are effective for financial statements issued for reporting periods beginning after December 15, 2020 and interim periods within the reporting periods. The transition method (retrospective, modified retrospective or prospective basis) related to the amendments depends on the applicable guidance, and all amendments for which there is no transition guidance specified are to be applied on a prospective basis. We adopted ASU 2019-12 on January 1, 2021 and have applied the prospective basis. The adoption of this new standard did not have an impact on our consolidated financial statements.

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2021
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 2021 2020 2021 2020 Canada Accommodation revenues $ 60,511 $ 49,798 $ 176,800 $ 156,068 Mobile facility rental revenues 19,075 13,135 38,240 21,715 Food service and other services revenues 4,471 8,852 14,183 26,336 Total Canada revenues 84,057 71,785 229,223 204,119 Australia Accommodation revenues $ 38,104 $ 39,470 $ 109,559 $ 106,988 Food service and other services revenues 27,014 25,215 79,215 63,881 Total Australia revenues 65,118 64,685 188,774 170,869 U.S. Accommodation revenues $ 1,812 $ 394 $ 4,189 $ 1,892 Mobile facility rental revenues 3,941 3,218 10,769 13,275 Manufacturing revenues 124 2,772 1,686 6,159 Food service and other services revenues 11 3 28 37 Total U.S. revenues 5,888 6,387 16,672 21,363 Total revenues $ 155,063 $ 142,857 $ 434,669 $ 396,351
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	As of September 30, 2021, 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. The table only includes revenue expected to be recognized from contracts where the quantity of service is certain (in thousands): For the years ending December 31, 2021 2022 2023 Thereafter Total Revenue expected to be recognized as of September 30, 2021 $ 38,929 $ 97,897 $ 25,598 $ 7,188 $ 169,612

DETAILS OF SELECTED BALANCE S_2

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS (Tables)	9 Months Ended
	Sep. 30, 2021
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable	Additional information regarding selected balance sheet accounts at September 30, 2021 and December 31, 2020 is presented below (in thousands): September 30, 2021 December 31, 2020 Accounts receivable, net: Trade $ 72,616 $ 66,071 Unbilled revenue 34,669 22,565 Other 1,156 1,421 Total accounts receivable 108,441 90,057 Allowance for credit losses (383) (275) Total accounts receivable, net $ 108,058 $ 89,782
Schedule of Inventories	September 30, 2021 December 31, 2020 Inventories: Finished goods and purchased products $ 4,882 $ 5,047 Work in process 38 45 Raw materials 1,169 1,089 Total inventories $ 6,089 $ 6,181
Property, Plant and Equipment	Estimated September 30, 2021 December 31, 2020 Property, plant and equipment, net: Land $ 30,328 $ 47,751 Accommodations assets 3 — 15 1,658,053 1,737,620 Buildings and leasehold improvements 7 — 20 24,024 28,831 Machinery and equipment 4 — 15 13,492 12,784 Office furniture and equipment 3 — 7 62,201 61,850 Vehicles 3 — 5 14,199 15,363 Construction in progress 4,542 5,523 Total property, plant and equipment 1,806,839 1,909,722 Accumulated depreciation (1,406,877) (1,422,792) Total property, plant and equipment, net $ 399,962 $ 486,930
Schedule of Accrued Liabilities	September 30, 2021 December 31, 2020 Accrued liabilities: Accrued compensation $ 25,919 $ 22,475 Accrued taxes, other than income taxes 2,959 3,099 Other 2,206 1,775 Total accrued liabilities $ 31,084 $ 27,349

ASSETS HELD FOR SALE (Tables)

ASSETS HELD FOR SALE (Tables)	9 Months Ended
	Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the carrying amount as of September 30, 2021 and December 31, 2020 of the assets classified as held for sale (in thousands): September 30, 2021 December 31, 2020 Assets held for sale: Property, plant and equipment, net $ 15,530 $ 3,910 Total assets held for sale $ 15,530 $ 3,910

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021 2020 2021 2020 Numerator: Net income (loss) attributable to Civeo common shareholders $ 62 $ 6,517 $ (10,367) $ (133,885) Less: income allocated to participating securities (9) (944) — — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 53 $ 5,573 $ (10,367) $ (133,885) Add: undistributed income attributable to participating securities 9 944 — — Less: undistributed income reallocated to participating securities (9) (942) — — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 53 $ 5,575 $ (10,367) $ (133,885) Denominator: Weighted average shares outstanding - basic 14,277 14,160 14,255 14,118 Dilutive shares - share-based awards 84 52 — — Weighted average shares outstanding - diluted 14,361 14,212 14,255 14,118 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.00 $ 0.39 $ (0.73) $ (9.48) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.00 $ 0.39 $ (0.73) $ (9.48)

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	As of September 30, 2021 and December 31, 2020, long-term debt consisted of the following (in thousands): September 30, 2021 December 31, 2020 Canadian term loan; weighted average interest rate of 4.2% for the nine month period ended September 30, 2021 $ 70,642 $ 187,530 U.S. revolving credit facility; weighted average interest rate of 5.8% for the nine month period ended September 30, 2021 — — Canadian revolving credit facility; weighted average interest rate of 4.5% for the nine month period ended September 30, 2021 113,809 45,789 Australian revolving credit facility; weighted average interest rate of 3.6% for the nine month period ended September 30, 2021 10,786 17,767 195,237 251,086 Less: Unamortized debt issuance costs 2,075 2,501 Total debt 193,162 248,585 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 30,473 34,585 Long-term debt, less current maturities $ 162,689 $ 214,000

SEGMENT AND RELATED INFORMATI_2

SEGMENT AND RELATED INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021 and 2020 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended September 30, 2021 Canada $ 84,057 $ 11,511 $ 6,131 $ 1,344 $ 754,223 Australia 65,118 8,033 4,422 1,647 231,427 U.S. 5,888 567 (2,124) 336 26,699 Corporate and eliminations — 171 (2,419) 62 (328,307) Total $ 155,063 $ 20,282 $ 6,010 $ 3,389 $ 684,042 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 Nine months ended September 30, 2021 Canada $ 229,223 $ 35,750 $ 5,924 $ 3,667 $ 754,223 Australia 188,774 25,004 5,073 4,348 231,427 United States 16,672 1,675 (5,831) 1,187 26,699 Corporate and eliminations — 499 (6,928) 443 (328,307) Total $ 434,669 $ 62,928 $ (1,762) $ 9,645 $ 684,042 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

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Narrative (Details)	Nov. 19, 2020$ / shares	Sep. 30, 2021segmentshares	Dec. 31, 2020shares	Nov. 20, 2020$ / sharesshares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments | segment		3
Reverse stock split, conversion ratio	0.0833
Common stock, shares issued (in shares)		14,628,404	14,478,878	14,215,169
Common stock, shares outstanding (in shares)		14,307,806	14,215,169	14,215,169
Share price (in dollars per share) | $ / shares	$ 3.30			$ 39.60

REVENUE - Narrative (Details)

REVENUE - Narrative (Details)	9 Months Ended
	Sep. 30, 2021segment
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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 155,063	$ 142,857	$ 434,669	$ 396,351
Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	4,581	3,217	12,185	13,261
Canada
Disaggregation of Revenue [Line Items]
Total revenues	84,057	71,785	229,223	204,119
Canada | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	60,511	49,798	176,800	156,068
Canada | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	19,075	13,135	38,240	21,715
Canada | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	4,471	8,852	14,183	26,336
Australia
Disaggregation of Revenue [Line Items]
Total revenues	65,118	64,685	188,774	170,869
Australia | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	38,104	39,470	109,559	106,988
Australia | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	27,014	25,215	79,215	63,881
U.S.
Disaggregation of Revenue [Line Items]
Total revenues	5,888	6,387	16,672	21,363
U.S. | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	1,812	394	4,189	1,892
U.S. | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	3,941	3,218	10,769	13,275
U.S. | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	11	3	28	37
U.S. | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 124	$ 2,772	$ 1,686	$ 6,159

REVENUE - Revenue related to pe

REVENUE - Revenue related to performance obligations (Details) $ in Thousands	Sep. 30, 2021USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2021	$ 169,612
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2021-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2021	$ 38,929
Revenue expected to be recognized, period	3 months
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 as of September 30, 2021	$ 97,897
Revenue expected to be recognized, period	1 year
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 as of September 30, 2021	$ 25,598
Revenue expected to be recognized, period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of September 30, 2021	$ 7,188
Revenue expected to be recognized, period

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - Measurement Input, Discount Rate	9 Months Ended
	Sep. 30, 2021
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment discount rate	10.50%
Long-lived asset impairment, measurement input	11.00%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment discount rate	14.00%
Long-lived asset impairment, measurement input	14.00%

DETAILS OF SELECTED BALANCE S_3

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accounts Receivable (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 108,441,000		$ 108,441,000		$ 90,057,000
Allowance for credit losses	(383,000)		(383,000)		(275,000)
Total accounts receivable, net	108,058,000		108,058,000		89,782,000
Other (expense) income	364,000	$ 4,542,000	6,066,000	$ 17,209,000
Canada Emergency Wage Subsidy | Other Nonoperating Income (Expense)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Other (expense) income	0	$ 3,600,000	3,500,000	$ 9,700,000
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	72,616,000		72,616,000		66,071,000
Unbilled revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	34,669,000		34,669,000		22,565,000
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	1,156,000		1,156,000		1,421,000
Other | Canada Emergency Wage Subsidy
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 0		$ 0		$ 1,100,000

DETAILS OF SELECTED BALANCE S_4

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Inventories:
Finished goods and purchased products	$ 4,882	$ 5,047
Work in process	38	45
Raw materials	1,169	1,089
Total inventories	$ 6,089	$ 6,181

DETAILS OF SELECTED BALANCE S_5

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,806,839	$ 1,909,722
Accumulated depreciation	(1,406,877)	(1,422,792)
Total property, plant and equipment, net	399,962	486,930
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	30,328	47,751
Accommodations assets
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,658,053	1,737,620
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	$ 24,024	28,831
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	$ 13,492	12,784
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	$ 62,201	61,850
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	$ 14,199	15,363
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	$ 4,542	$ 5,523

DETAILS OF SELECTED BALANCE S_6

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accrued liabilities:
Accrued compensation	$ 25,919	$ 22,475
Accrued taxes, other than income taxes	2,959	3,099
Other	2,206	1,775
Total accrued liabilities	$ 31,084	$ 27,349

IMPAIRMENT CHARGES (Details)

IMPAIRMENT CHARGES (Details) - USD ($)	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2020	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net			$ 399,962,000	$ 486,930,000
Canada
Property, Plant and Equipment [Line Items]
Goodwill, impairment loss		$ 0
Australia
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets	$ 7,900,000
Property, plant and equipment, net			$ 2,400,000
Canada
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets		38,100,000
Property, plant and equipment, net		43,500,000
Canada | Canada
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets		93,600,000
U.S.
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets		12,400,000
Property, plant and equipment, net		$ 12,500,000

ASSETS HELD FOR SALE - Narrativ

ASSETS HELD FOR SALE - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale, estimated fair value less costs of sale	$ 15,530	$ 3,910
Australia | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale, estimated fair value less costs of sale	$ 2,100
Canada | Discontinued Operations, Held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale, estimated fair value less costs of sale		$ 3,900

ASSETS HELD FOR SALE - Carrying

ASSETS HELD FOR SALE - Carrying Amount of Assets Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Property, plant and equipment, net	$ 15,530	$ 3,910
Total assets held for sale	$ 15,530	$ 3,910

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net income (loss) attributable to Civeo common shareholders	$ 62	$ 6,517	$ (10,367)	$ (133,885)
Less: income allocated to participating securities	(9)	(944)	0	0
Basic net income (loss) attributable to Civeo Corporation common shareholders	53	5,573	(10,367)	(133,885)
Add: undistributed income attributable to participating securities	9	944	0	0
Less: undistributed income reallocated to participating securities	(9)	(942)	0	0
Diluted net income (loss) attributable to Civeo Corporation common shareholders	$ 53	$ 5,575	$ (10,367)	$ (133,885)
Denominator:
Weighted average shares outstanding - basic (in shares)	14,277	14,160	14,255	14,118
Dilutive shares - share-based awards (in shares)	84	52	0	0
Weighted average shares outstanding - diluted (in shares)	14,361	14,212	14,255	14,118
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0	$ 0.39	$ (0.73)	$ (9.48)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0	$ 0.39	$ (0.73)	$ (9.48)

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) shares in Millions	Nov. 19, 2020	Sep. 30, 2021shares	Sep. 30, 2020shares	Sep. 30, 2021shares	Sep. 30, 2020shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Reverse stock split, conversion ratio	0.0833
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)		0.1	0.2	0.2	0.4
Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)		2.4	2.4	2.4	2.4

DEBT - Long-term Debt (Details)

DEBT - Long-term Debt (Details) $ in Thousands, $ in Millions	Sep. 30, 2021CAD ($)	Sep. 29, 2021CAD ($)	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Long-term debt, gross			$ 195,237	$ 251,086
Less: Unamortized debt issuance costs			2,075	2,501
Total debt			193,162	248,585
Less: Current portion of long-term debt, including unamortized debt issuance costs, net			30,473	34,585
Long-term debt, less current maturities			162,689	214,000
Canadian term loan; weighted average interest rate of 4.2% for the nine month period ended September 30, 2021
Debt Instrument [Line Items]
Canadian term loan			$ 70,642	187,530
Principal periodic payment	$ 10	$ 11.2
Weighted average interest rate of term loan			4.20%
U.S. revolving credit facility; weighted average interest rate of 5.8% for the nine month period ended September 30, 2021
Debt Instrument [Line Items]
Revolving credit facility			$ 0	0
Interest rate on line of credit facility			5.80%
Canadian revolving credit facility; weighted average interest rate of 4.5% for the nine month period ended September 30, 2021
Debt Instrument [Line Items]
Revolving credit facility			$ 113,809	45,789
Interest rate on line of credit facility			4.50%
Australian revolving credit facility; weighted average interest rate of 3.6% for the nine month period ended September 30, 2021
Debt Instrument [Line Items]
Revolving credit facility			$ 10,786	$ 17,767
Interest rate on line of credit facility			3.60%

DEBT - Amended Credit Agreement

DEBT - Amended Credit Agreement (Details) $ in Millions, $ in Millions

Sep. 30, 2021CAD ($)

Sep. 29, 2021CAD ($)

Sep. 08, 2021USD ($)

Sep. 30, 2021USD ($)lender

Sep. 30, 2020USD ($)

Mar. 31, 2022

Dec. 31, 2022

Sep. 30, 2021USD ($)lender

Sep. 30, 2020USD ($)

Sep. 30, 2021AUD ($)lender

Sep. 08, 2021CAD ($)

Dec. 31, 2020USD ($)

Line of Credit Facility [Line Items]

Loss on extinguishment of debt

$ 416,000

$ 383,000

$ 416,000

$ 383,000

Less: Unamortized debt issuance costs

2,075,000

$ 2,075,000

$ 2,501,000

Interest coverage ratio

3

Leverage ratio

3.50

Long-term debt

$ 193,162,000

$ 193,162,000

248,585,000

Scenario, Forecast

Line of Credit Facility [Line Items]

Leverage ratio

3.25

3

Credit facility

Line of Credit Facility [Line Items]

Number of lenders | lender

7

7

7

Credit facility | Minimum

Line of Credit Facility [Line Items]

Lender commitments, within credit agreement

$ 22,500,000

$ 22,500,000

Credit facility | Maximum

Line of Credit Facility [Line Items]

Lender commitments, within credit agreement

52,000,000

$ 52,000,000

Credit facility | US term loan

Line of Credit Facility [Line Items]

Term loan, face amount

194,800,000

Third Amendment to the Credit Agreement | Minimum

Line of Credit Facility [Line Items]

Leverage ratio

2

Third Amendment to the Credit Agreement | Maximum

Line of Credit Facility [Line Items]

Leverage ratio

3.50

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

3.00%

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

4.00%

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

2.00%

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

3.00%

Syndicated Facility Agreement

Line of Credit Facility [Line Items]

Less: Unamortized debt issuance costs

$ 3,000,000

Syndicated Facility Agreement | US term loan

Line of Credit Facility [Line Items]

Term loan, face amount

$ 100

Canadian Term Loan

Line of Credit Facility [Line Items]

Principal periodic payment

$ 10

$ 11.2

Revolving credit facility | Credit facility

Line of Credit Facility [Line Items]

Revolving credit facility, maximum borrowing capacity

167,300,000

Revolving credit facility | Syndicated Facility Agreement

Line of Credit Facility [Line Items]

Revolving credit facility, maximum borrowing capacity

200,000,000

Revolving credit facility increase

32,700,000

Revolving credit facility, U.S. subsidiaries | Credit facility

Line of Credit Facility [Line Items]

Outstanding letters of credit

900,000

$ 900,000

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, U.S. subsidiaries | Syndicated Facility 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]

Outstanding letters of credit

1,200,000

1,200,000

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, Canadian subsidiaries | Syndicated Facility Agreement

Line of Credit Facility [Line Items]

Revolving credit facility, maximum borrowing capacity

155,000,000

Revolving credit facility, Australian subsidiaries | Credit facility

Line of Credit Facility [Line Items]

Outstanding letters of credit

$ 0

$ 0

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

Revolving credit facility, Australian subsidiaries | Syndicated Facility Agreement

Line of Credit Facility [Line Items]

Revolving credit facility, maximum borrowing capacity

$ 35,000,000

Bank Guarantee Facility

Line of Credit Facility [Line Items]

Long-term debt

$ 0.8

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)jurisdiction	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)jurisdiction	Sep. 30, 2020USD ($)
Schedule of Income Taxes [Line Items]
Number of tax jurisdictions | jurisdiction	3		3
Income tax expense (benefit)	$ 1,770	$ 180	$ 2,354	$ (8,509)
Income tax benefit, percent of pretax loss	63.40%	2.40%	(39.00%)	6.10%
Deferred income tax benefit			$ (2,105)	$ 8,941
Canada
Schedule of Income Taxes [Line Items]
Deferred income tax benefit				9,000
Valuation allowance				$ 100
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 Millions, $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2021CAD ($)	Sep. 30, 2021AUD ($)	Dec. 31, 2020USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Increase in other comprehensive loss, foreign currency exchange rate fluctuations during the period	$ (15,400)
Accumulated other comprehensive loss	$ (364,360)			$ (348,989)
International functional currency net assets		$ 176	$ 267

SHARE REPURCHASE PROGRAM (Detai

SHARE REPURCHASE PROGRAM (Details) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Aug. 31, 2021	Sep. 30, 2021	Sep. 30, 2021	Aug. 30, 2021
Equity [Abstract]
Stock repurchase program, authorized amount, percentage				5.00%
Stock repurchase program, authorized amount (in shares)				$ 715,000
Stock repurchase program, purchase period	12 months
Common shares repurchased (in shares)		20,105
Common shares purchased weighted average price (in dollars per share)		$ 22.08
Common shares repurchased value		$ 445,000	$ 445,000

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details)	May 19, 2021shares	Feb. 22, 2021companyshares	Sep. 30, 2021USD ($)shares	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)shares	Sep. 30, 2020USD ($)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation arrangement, number of shares authorized (in shares) | shares			2,400,000		2,400,000
Restricted stock and deferred stock awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense			$ 400,000	$ 700,000	$ 1,200,000	$ 2,700,000
Fair value of restricted share awards and deferred compensation that vested during the period			0	100,000	1,500,000	2,600,000
Unrecognized compensation cost related to share awards			1,000,000		$ 1,000,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period					7 months 6 days
Phantom share units (PSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense			2,100,000	400,000	$ 5,000,000	1,100,000
Unrecognized compensation cost related to share awards			$ 10,300,000		10,300,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period			2 years
Phantom share units (PSUs) | Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards units vested during the period (in shares) | shares		270,079
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]
Share awards units vested during the period (in shares) | shares		81,774
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	600,000	1,700,000	2,100,000
Fair value of restricted share awards and deferred compensation that vested during the period			0	$ 0	1,900,000	$ 1,900,000
Unrecognized compensation cost related to share awards			$ 3,300,000		$ 3,300,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period					2 years 1 month 6 days
Number of companies | company		17
Performance shares | Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards units vested during the period (in shares) | shares		129,754
Vesting period of share awards		3 years
Performance shares | Civeo Plan | Minimum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance, share award percentage		0.00%
Target performance, cash payout percentage		0.00%
Performance shares | Civeo Plan | Maximum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance, share award percentage		200.00%
Target performance, cash payout percentage		60.00%
Restricted Stock
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards units vested during the period (in shares) | shares	45,762

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 155,063	$ 142,857	$ 434,669	$ 396,351
Depreciation and amortization	20,282	24,820	62,928	72,527
Operating income (loss)	6,010	7,090	(1,762)	(143,820)
Capital expenditures	3,389	2,397	9,645	6,244
Total assets	684,042	732,936	684,042	732,936	$ 740,853
Canada
Segment Reporting Information [Line Items]
Total revenues	84,057	71,785	229,223	204,119
Australia
Segment Reporting Information [Line Items]
Total revenues	65,118	64,685	188,774	170,869
U.S.
Segment Reporting Information [Line Items]
Total revenues	5,888	6,387	16,672	21,363
Operating segments | Canada
Segment Reporting Information [Line Items]
Total revenues	84,057	71,785	229,223	204,119
Depreciation and amortization	11,511	13,266	35,750	39,812
Operating income (loss)	6,131	1,007	5,924	(142,343)
Capital expenditures	1,344	362	3,667	1,203
Total assets	754,223	691,634	754,223	691,634
Operating segments | Australia
Segment Reporting Information [Line Items]
Total revenues	65,118	64,685	188,774	170,869
Depreciation and amortization	8,033	10,739	25,004	29,767
Operating income (loss)	4,422	9,890	5,073	24,245
Capital expenditures	1,647	1,825	4,348	3,036
Total assets	231,427	266,591	231,427	266,591
Operating segments | U.S.
Segment Reporting Information [Line Items]
Total revenues	5,888	6,387	16,672	21,363
Depreciation and amortization	567	747	1,675	2,525
Operating income (loss)	(2,124)	(3,197)	(5,831)	(19,954)
Capital expenditures	336	84	1,187	1,468
Total assets	26,699	27,017	26,699	27,017
Corporate and eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Depreciation and amortization	171	68	499	423
Operating income (loss)	(2,419)	(610)	(6,928)	(5,768)
Capital expenditures	62	126	443	537
Total assets	$ (328,307)	$ (252,306)	$ (328,307)	$ (252,306)