Civeo (CVEO) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 25, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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		14,188,012
Entity Central Index Key	0001590584
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Total revenues	$ 184,954	$ 154,176	$ 350,632	$ 279,606
Costs and expenses:
Selling, general and administrative expenses	17,682	14,703	32,895	28,884
Depreciation and amortization expense	23,083	21,377	43,210	42,646
Impairment expense	0	7,935	0	7,935
Other operating (income) expense	(106)	30	152	101
Total costs and expenses	170,712	152,047	332,153	287,378
Operating income (loss)	14,242	2,129	18,479	(7,772)
Interest expense	(2,608)	(3,401)	(5,076)	(6,763)
Interest income	2	2	2	2
Other income	415	788	2,111	5,702
Income (loss) before income taxes	12,051	(482)	15,516	(8,831)
Income tax (expense) benefit	(1,821)	492	(3,378)	(584)
Net income (loss)	10,230	10	12,138	(9,415)
Less: Net income (loss) attributable to noncontrolling interest	662	(3)	1,160	56
Net income (loss) attributable to Civeo Corporation	9,568	13	10,978	(9,471)
Less: Dividends attributable to Class A preferred shares	490	480	977	958
Net income (loss) attributable to Civeo common shareholders	$ 9,078	$ (467)	$ 10,001	$ (10,429)
Per Share Data (see Note 7)
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.55	$ (0.03)	$ 0.60	$ (0.73)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.54	$ (0.03)	$ 0.60	$ (0.73)
Weighted average number of common shares outstanding:
Basic (in shares)	14,148	14,278	14,122	14,244
Diluted (in shares)	14,275	14,278	14,271	14,244
Service and other
Revenues:
Total revenues	$ 177,254	$ 147,784	$ 336,824	$ 269,780
Costs and expenses:
Service and other costs	124,318	103,449	245,168	199,911
Rental
Revenues:
Total revenues	7,035	4,540	12,295	7,604
Costs and expenses:
Service and other costs	5,414	3,661	9,806	6,631
Product
Revenues:
Total revenues	665	1,852	1,513	2,222
Costs and expenses:
Service and other costs	$ 321	$ 892	$ 922	$ 1,270

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 10,230	$ 10	$ 12,138	$ (9,415)
Other comprehensive loss, net of taxes:
Foreign currency translation adjustment, net of zero taxes	(20,024)	(1,573)	(12,012)	(3,200)
Total other comprehensive loss, net of taxes	(20,024)	(1,573)	(12,012)	(3,200)
Comprehensive income (loss)	(9,794)	(1,563)	126	(12,615)
Less: Comprehensive income (loss) attributable to noncontrolling interest	568	(11)	1,106	38
Comprehensive loss attributable to Civeo Corporation	$ (10,362)	$ (1,552)	$ (980)	$ (12,653)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation charges, taxes	$ 0	$ 0	$ 0	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 4,782	$ 6,282
Accounts receivable, net	134,845	114,859
Inventories	7,382	6,468
Prepaid expenses	5,003	6,876
Other current assets	6,282	10,946
Assets held for sale	11,430	11,762
Total current assets	169,724	157,193
Property, plant and equipment, net	349,094	389,996
Goodwill	7,798	8,204
Other intangible assets, net	88,936	93,642
Operating lease right-of-use assets	16,295	18,327
Other noncurrent assets	5,550	5,372
Total assets	637,397	672,734
Current liabilities:
Accounts payable	45,360	49,321
Accrued liabilities	28,289	33,564
Income taxes	74	171
Current portion of long-term debt	29,880	30,576
Deferred revenue	7,256	18,479
Other current liabilities	8,494	4,807
Total current liabilities	119,353	136,918
Long-term debt, less current maturities	123,018	142,602
Deferred income taxes	3,999	896
Operating lease liabilities	13,438	15,429
Other noncurrent liabilities	14,069	13,778
Total liabilities	273,877	309,623
Commitments and contingencies (Note 10)
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 $98,415,509 and $97,438,687 as of June 30, 2022 and December 31, 2021)	62,918	61,941
Common shares (no par value; 46,000,000 shares authorized, 14,554,687 shares and 14,431,819 shares issued, respectively, and 14,188,012 shares and 14,111,221 shares outstanding, respectively)	0	0
Additional paid-in capital	1,584,416	1,582,442
Accumulated deficit	(903,492)	(912,951)
Common shares held in treasury at cost, 366,675 and 320,598 shares, respectively	(9,063)	(8,050)
Accumulated other comprehensive loss	(373,841)	(361,883)
Total Civeo Corporation shareholders’ equity	360,938	361,499
Noncontrolling interest	2,582	1,612
Total shareholders’ equity	363,520	363,111
Total liabilities and shareholders’ equity	$ 637,397	$ 672,734

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
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	$ 98,415,509	$ 97,438,687
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	46,000,000	46,000,000
Common stock, shares issued (in shares)	14,554,687	14,431,819
Common stock, shares outstanding (in shares)	14,188,012	14,111,221
Treasury shares (in shares)	366,675	320,598

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
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)	(9,415)				(9,471)			56
Currency translation adjustment	(3,200)						(3,182)	(18)
Dividends paid	(115)							(115)
Dividends attributable to Class A preferred shares		958			(958)
Share-based compensation	778			1,898		(1,120)
Ending balance at Jun. 30, 2021	363,405	60,974		1,580,213	(918,156)	(8,050)	(352,171)	595
Beginning balance at Mar. 31, 2021	364,139	60,494		1,579,342	(917,689)	(8,050)	(350,606)	648
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	10				13			(3)
Currency translation adjustment	(1,573)						(1,565)	(8)
Dividends paid	(42)							(42)
Dividends attributable to Class A preferred shares		480			(480)
Share-based compensation	871			871
Ending balance at Jun. 30, 2021	363,405	60,974		1,580,213	(918,156)	(8,050)	(352,171)	595
Beginning balance at Dec. 31, 2021	363,111	61,941		1,582,442	(912,951)	(8,050)	(361,883)	1,612
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	12,138				10,978			1,160
Currency translation adjustment	(12,012)						(11,958)	(54)
Dividends paid	(136)							(136)
Dividends attributable to Class A preferred shares		977			(977)
Common shares repurchased	(542)				(542)
Share-based compensation	961			1,974		(1,013)
Ending balance at Jun. 30, 2022	$ 363,520	$ 62,918		1,584,416	(903,492)	(9,063)	(373,841)	2,582
Beginning balance (in shares) at Dec. 31, 2021	9,042	9,042
Beginning balance (in shares) at Dec. 31, 2021	14,111,221		14,111,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)		0	100,000
Common shares repurchased (in shares)	(22,911)	0	(23,000)
Ending balance (in shares) at Jun. 30, 2022	9,042	9,042
Ending balance (in shares) at Jun. 30, 2022	14,188,012		14,188,000
Beginning balance at Mar. 31, 2022	$ 372,971	$ 62,428		1,583,474	(912,037)	(9,063)	(353,911)	2,080
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	10,230				9,568			662
Currency translation adjustment	(20,024)						(19,930)	(94)
Dividends paid	(66)							(66)
Dividends attributable to Class A preferred shares		490			(490)
Common shares repurchased	(533)				(533)
Share-based compensation	942			942
Ending balance at Jun. 30, 2022	$ 363,520	$ 62,918		$ 1,584,416	$ (903,492)	$ (9,063)	$ (373,841)	$ 2,582
Ending balance (in shares) at Jun. 30, 2022	9,042	9,042
Ending balance (in shares) at Jun. 30, 2022	14,188,012		14,188,000

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 12,138	$ (9,415)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	43,210	42,646
Impairment charges	0	7,935
Deferred income tax expense	3,256	416
Non-cash compensation charge	1,974	1,898
Gains on disposals of assets	(1,895)	(1,941)
Provision (benefit) for credit losses, net of recoveries	(24)	147
Other, net	1,544	1,483
Changes in operating assets and liabilities:
Accounts receivable	(23,119)	(24,617)
Inventories	(1,180)	(830)
Accounts payable and accrued liabilities	(6,713)	(563)
Taxes payable	(99)	21
Other current and noncurrent assets and liabilities, net	(5,461)	12,170
Net cash flows provided by operating activities	23,631	29,350
Cash flows from investing activities:
Capital expenditures	(8,647)	(6,530)
Proceeds from disposition of property, plant and equipment	3,302	7,012
Other, net	190	0
Net cash flows provided by (used in) investing activities	(5,155)	482
Cash flows from financing activities:
Revolving credit borrowings	155,712	117,976
Revolving credit repayments	(158,288)	(130,080)
Term loan repayments	(15,763)	(17,874)
Repurchases of common shares	(542)	0
Taxes paid on vested shares	(1,013)	(1,120)
Net cash flows used in financing activities	(19,894)	(31,098)
Effect of exchange rate changes on cash	(82)	(475)
Net change in cash and cash equivalents	(1,500)	(1,741)
Cash and cash equivalents, beginning of period	6,282	6,155
Cash and cash equivalents, end of period	4,782	4,414
Non-cash financing activities:
Preferred dividends paid-in-kind	$ 977	$ 958

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2022
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. Our full suite of hospitality services for our guests includes 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, 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. 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, 2021.

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The following table disaggregates our revenue by our three reportable segments: Canada, Australia and the U.S., and major categories for the periods indicated (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Canada Accommodation revenues $ 79,431 $ 69,759 $ 146,625 $ 116,289 Mobile facility rental revenues 24,058 8,666 48,076 19,165 Food service and other services revenues 5,534 4,856 10,274 9,712 Total Canada revenues 109,023 83,281 204,975 145,166 Australia Accommodation revenues $ 39,052 $ 37,780 $ 76,651 $ 71,455 Food service and other services revenues 28,768 26,239 54,698 52,201 Total Australia revenues 67,820 64,019 131,349 123,656 U.S. Accommodation revenues $ 791 $ 1,605 $ 1,254 $ 2,377 Mobile facility rental revenues 7,051 3,761 12,317 6,828 Manufacturing revenues 254 1,499 699 1,562 Food service and other services revenues 15 11 38 17 Total U.S. revenues 8,111 6,876 14,308 10,784 Total revenues $ 184,954 $ 154,176 $ 350,632 $ 279,606 Our payment terms vary by the type and location of our customer and the products or services offered. The time between invoicing and when our performance obligations are satisfied is not significant. Payment terms are generally within 30 days and in most cases do not extend beyond 60 days. We do not have significant financing components or significant payment terms. As of June 30, 2022, 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, 2022 2023 2024 Thereafter Total Revenue expected to be recognized as of June 30, 2022 $ 75,076 $ 47,206 $ 12,605 $ 9,964 $ 144,851

IMPAIRMENT CHARGES

IMPAIRMENT CHARGES	6 Months Ended
	Jun. 30, 2022
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.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Our financial instruments consist of cash and cash equivalents, receivables, payables and debt instruments. We believe that the carrying values of these instruments on the accompanying consolidated balance sheets approximate their fair values. As of June 30, 2022 and December 31, 2021, 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. In addition, the estimated fair value of our assets held for sale is based upon Level 2 fair value measurements, which include appraisals and previous negotiations with third parties. During the second quarter of 2021, we wrote down certain long-lived assets to fair value. Our estimate of the fair value of undeveloped land positions in Australia that were impaired was based on appraisals from third parties. See Note 3 – Impairment Charges for further information.

DETAILS OF SELECTED BALANCE SHE

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS	6 Months Ended
	Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]
DETAILS OF SELECTED BALANCE SHEET ACCOUNTS	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS Additional information regarding selected balance sheet accounts at June 30, 2022 and December 31, 2021 is presented below (in thousands): June 30, 2022 December 31, 2021 Accounts receivable, net: Trade $ 80,295 $ 75,740 Unbilled revenue 53,455 38,508 Other 1,415 972 Total accounts receivable 135,165 115,220 Allowance for credit losses (320) (361) Total accounts receivable, net $ 134,845 $ 114,859 June 30, 2022 December 31, 2021 Inventories: Finished goods and purchased products $ 5,611 $ 5,346 Work in process 365 25 Raw materials 1,406 1,097 Total inventories $ 7,382 $ 6,468 Estimated June 30, 2022 December 31, 2021 Property, plant and equipment, net: Land $ 28,664 $ 30,556 Accommodations assets 3 — 15 1,592,357 1,657,577 Buildings and leasehold improvements 7 — 20 23,307 24,335 Machinery and equipment 4 — 15 14,804 14,983 Office furniture and equipment 3 — 7 63,407 63,228 Vehicles 3 — 5 14,605 14,578 Construction in progress 5,671 2,063 Total property, plant and equipment 1,742,815 1,807,320 Accumulated depreciation (1,393,721) (1,417,324) Total property, plant and equipment, net $ 349,094 $ 389,996 June 30, 2022 December 31, 2021 Accrued liabilities: Accrued compensation $ 23,345 $ 28,877 Accrued taxes, other than income taxes 2,998 2,944 Other 1,946 1,743 Total accrued liabilities $ 28,289 $ 33,564

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE As of June 30, 2022, assets held for sale included certain assets in our U.S. business segment, an undeveloped land holding and a village in our Australia business segment and an unused corporate office space acquired in the Noralta acquisition in our Canada business segment. As of December 31, 2021, assets held for sale included certain assets in our U.S. business segment and undeveloped land holdings in our Australia business segment. These assets were recorded at the estimated fair value less costs to sell, which exceeded their carry values. The following table summarizes the carrying amount as of June 30, 2022 and December 31, 2021 of the assets classified as held for sale (in thousands): June 30, 2022 December 31, 2021 Assets held for sale: Property, plant and equipment, net $ 11,430 $ 11,762 Total assets held for sale $ 11,430 $ 11,762

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2022
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. In calculating diluted earnings per share, we utilize the most dilutive result of the two class method and if-converted methods. We also apply the treasury stock method with respect to certain share-based awards in the calculation of diluted earnings per share, if dilutive. The calculation of earnings per share attributable to Civeo common shareholders is presented below for the periods indicated (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net income (loss) attributable to Civeo common shareholders $ 9,078 $ (467) $ 10,001 $ (10,429) Less: income allocated to participating securities (1,356) — (1,497) — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 7,722 $ (467) $ 8,504 $ (10,429) Add: undistributed income attributable to participating securities 1,356 — 1,497 — Less: undistributed income reallocated to participating securities (1,346) — (1,483) — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 7,732 $ (467) $ 8,518 $ (10,429) Denominator: Weighted average shares outstanding - basic 14,148 14,278 14,122 14,244 Dilutive shares - share-based awards 127 — 149 — Weighted average shares outstanding - diluted 14,275 14,278 14,271 14,244 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.55 $ (0.03) $ 0.60 $ (0.73) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.54 $ (0.03) $ 0.60 $ (0.73) (1) Computations may reflect rounding adjustments.

DEBT

DEBT	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
DEBT	DEBT As of June 30, 2022 and December 31, 2021, long-term debt consisted of the following (in thousands): June 30, 2022 December 31, 2021 Canadian term loan; weighted average interest rate of 4.1% for the six month period ended June 30, 2022 $ 46,560 $ 63,104 U.S. revolving credit facility; weighted average interest rate of 5.7% for the six month period ended June 30, 2022 — — Canadian revolving credit facility; weighted average interest rate of 4.4% for the six month period ended June 30, 2022 93,586 111,300 Australian revolving credit facility; weighted average interest rate of 3.3% for the six month period ended June 30, 2022 14,492 726 154,638 175,130 Less: Unamortized debt issuance costs 1,740 1,952 Total debt 152,898 173,178 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 29,880 30,576 Long-term debt, less current maturities $ 123,018 $ 142,602 Credit Agreement As of June 30, 2022, our Credit Agreement (as then amended to date, the Credit Agreement) provided for: (i) a $200.0 million revolving credit facility scheduled to mature on September 8, 2025, 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; and (ii) a C$100.0 million term loan facility scheduled to be fully repaid on December 31, 2023 in favor of Civeo. 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 net 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 Secured Overnight Financing Rate (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 3.00 to 1.00. 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 June 30, 2022. Borrowings under the Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our subsidiaries subject to customary exceptions. The obligations under the Credit Agreement are guaranteed by our significant subsidiaries. As of June 30, 2022, we had seven lenders that were parties to the Credit Agreement, with total commitments (including both revolving commitments and term commitments) ranging from $22.5 million to $52.0 million. As of June 30, 2022, we had outstanding letters of credit of $0.3 million under the U.S. facility, zero under the Australian facility and $1.1 million under the Canadian facility. We also had outstanding bank guarantees of A$0.8 million under the Australian facility.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2022
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 15% to 30%. Our effective tax rate will vary from period to period based on changes in earnings mix between these different jurisdictions. We compute our quarterly taxes under the effective tax rate method by applying an anticipated annual effective rate to our year-to-date income, except for significant unusual or extraordinary transactions. Income taxes for any significant and unusual or extraordinary transactions are computed and recorded in the period in which the specific transaction occurs. As of June 30, 2022 and 2021, 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 June 30, 2022 totaled $1.8 million, or 15.1% of pretax income, compared to income tax benefit of $0.5 million, or 102.1% of pretax loss, for the three months ended June 30, 2021. Our effective tax rate for both the three months ended June 30, 2022 and 2021 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. Additionally, under Accounting Standards Codification 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	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on us, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by insurance, will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss increased $12.0 million from $361.9 million at December 31, 2021 to $373.8 million at June 30, 2022, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the first six months of 2022 were primarily driven by the Australian dollar and Canadian dollar decreasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately C$238 million and A$225 million, respectively, at June 30, 2022.

SHARE REPURCHASE PROGRAM

SHARE REPURCHASE PROGRAM	6 Months Ended
	Jun. 30, 2022
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 month period. The common share repurchase program commenced in September 2021 and will terminate no later than twelve months from date of commencement. The repurchase authorization allows repurchases from time to time in open market transactions, including pursuant to trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. We intend to fund repurchases through cash on hand and cash generated from operations. Pursuant to our common share repurchase program, during the six months ended June 30, 2022, we repurchased an aggregate of 22,911 of our common shares outstanding at a weighted average price of $23.65 per share, for a total of approximately $0.5 million. We have repurchased an aggregate of 240,090 of our common shares outstanding at a weighted average price of $21.59 per share for a total cost of $5.2 million since inception of the common share repurchase program. 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	6 Months Ended
	Jun. 30, 2022
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 18, 2022, we granted 39,032 restricted share awards to our non-employee directors, which vest in their entirety on May 17, 2023. Compensation expense associated with restricted share awards, restricted share units and deferred share awards recognized in the three months ended June 30, 2022 and 2021 totaled $0.3 million and $0.3 million, respectively. Compensation expense associated with restricted share awards, restricted share units and deferred share awards recognized in the six months ended June 30, 2022 and 2021 totaled $0.7 million and $0.8 million, respectively. The total fair value of restricted share awards, restricted share units and deferred share awards that vested during the three months ended June 30, 2022 and 2021 was $1.5 million and zero, respectively. The total fair value of restricted share awards, restricted share units and deferred share awards that vested during the six months ended June 30, 2022 and 2021 was $2.1 million and $1.5 million, respectively. At June 30, 2022, unrecognized compensation cost related to restricted share awards, restricted share units and deferred share awards was $0.9 million, which is expected to be recognized over a weighted average period of 0.9 years. Phantom Share Awards. On February 25, 2022, we granted 255,034 phantom share awards under the Civeo Plan, which vest in three three During the three months ended June 30, 2022 and 2021, we recognized compensation expense associated with phantom shares totaling $2.5 million and $1.4 million, respectively. During the six months ended June 30, 2022 and 2021, we recognized compensation expense associated with phantom shares totaling $4.9 million and $2.9 million, respectively. At June 30, 2022, unrecognized compensation cost related to phantom shares was $14.5 million, as remeasured at June 30, 2022, which is expected to be recognized over a weighted average period of 2.0 years. Performance Awards. On February 25, 2022, we granted 122,555 performance awards under the Civeo Plan, which cliff vest in three years on February 25, 2025 subject to attainment of applicable performance criteria. These awards will be earned in amounts between 0% and 200% of the participant’s target performance share award, based equally on (i) the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group that includes 17 other companies

SEGMENT AND RELATED INFORMATION

SEGMENT AND RELATED INFORMATION	6 Months Ended
	Jun. 30, 2022
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 six months ended June 30, 2022 and 2021 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended June 30, 2022 Canada $ 109,023 $ 14,998 $ 11,197 $ 1,847 $ 753,303 Australia 67,820 7,728 5,452 2,832 204,086 U.S. 8,111 395 (1,295) 376 26,165 Corporate and eliminations — (38) (1,112) — (346,157) Total $ 184,954 $ 23,083 $ 14,242 $ 5,055 $ 637,397 Three months ended June 30, 2021 Canada $ 83,281 $ 12,152 $ 7,452 $ 1,143 $ 763,763 Australia 64,019 8,512 (2,656) 1,147 242,730 U.S. 6,876 542 (1,109) 482 27,793 Corporate and eliminations — 171 (1,558) 386 (316,599) Total $ 154,176 $ 21,377 $ 2,129 $ 3,158 $ 717,687 Six months ended June 30, 2022 Canada $ 204,975 $ 26,595 $ 15,235 $ 3,853 $ 753,303 Australia 131,349 15,685 11,587 4,048 204,086 U.S. 14,308 777 (2,904) 724 26,165 Corporate and eliminations — 153 (5,439) 22 (346,157) Total $ 350,632 $ 43,210 $ 18,479 $ 8,647 $ 637,397 Six months ended June 30, 2021 Canada $ 145,166 $ 24,239 $ (207) $ 2,323 $ 763,763 Australia 123,656 16,971 651 2,701 242,730 U.S. 10,784 1,108 (3,707) 851 27,793 Corporate and eliminations — 328 (4,509) 655 (316,599) Total $ 279,606 $ 42,646 $ (7,772) $ 6,530 $ 717,687

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates our revenue by our three reportable segments: Canada, Australia and the U.S., and major categories for the periods indicated (in thousands): Three Months Ended Six Months Ended 2022 2021 2022 2021 Canada Accommodation revenues $ 79,431 $ 69,759 $ 146,625 $ 116,289 Mobile facility rental revenues 24,058 8,666 48,076 19,165 Food service and other services revenues 5,534 4,856 10,274 9,712 Total Canada revenues 109,023 83,281 204,975 145,166 Australia Accommodation revenues $ 39,052 $ 37,780 $ 76,651 $ 71,455 Food service and other services revenues 28,768 26,239 54,698 52,201 Total Australia revenues 67,820 64,019 131,349 123,656 U.S. Accommodation revenues $ 791 $ 1,605 $ 1,254 $ 2,377 Mobile facility rental revenues 7,051 3,761 12,317 6,828 Manufacturing revenues 254 1,499 699 1,562 Food service and other services revenues 15 11 38 17 Total U.S. revenues 8,111 6,876 14,308 10,784 Total revenues $ 184,954 $ 154,176 $ 350,632 $ 279,606
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	As of June 30, 2022, 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, 2022 2023 2024 Thereafter Total Revenue expected to be recognized as of June 30, 2022 $ 75,076 $ 47,206 $ 12,605 $ 9,964 $ 144,851

DETAILS OF SELECTED BALANCE S_2

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS (Tables)	6 Months Ended
	Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts Receivable	Additional information regarding selected balance sheet accounts at June 30, 2022 and December 31, 2021 is presented below (in thousands): June 30, 2022 December 31, 2021 Accounts receivable, net: Trade $ 80,295 $ 75,740 Unbilled revenue 53,455 38,508 Other 1,415 972 Total accounts receivable 135,165 115,220 Allowance for credit losses (320) (361) Total accounts receivable, net $ 134,845 $ 114,859
Schedule of Inventories	June 30, 2022 December 31, 2021 Inventories: Finished goods and purchased products $ 5,611 $ 5,346 Work in process 365 25 Raw materials 1,406 1,097 Total inventories $ 7,382 $ 6,468
Property, Plant and Equipment	Estimated June 30, 2022 December 31, 2021 Property, plant and equipment, net: Land $ 28,664 $ 30,556 Accommodations assets 3 — 15 1,592,357 1,657,577 Buildings and leasehold improvements 7 — 20 23,307 24,335 Machinery and equipment 4 — 15 14,804 14,983 Office furniture and equipment 3 — 7 63,407 63,228 Vehicles 3 — 5 14,605 14,578 Construction in progress 5,671 2,063 Total property, plant and equipment 1,742,815 1,807,320 Accumulated depreciation (1,393,721) (1,417,324) Total property, plant and equipment, net $ 349,094 $ 389,996
Schedule of Accrued Liabilities	June 30, 2022 December 31, 2021 Accrued liabilities: Accrued compensation $ 23,345 $ 28,877 Accrued taxes, other than income taxes 2,998 2,944 Other 1,946 1,743 Total accrued liabilities $ 28,289 $ 33,564

ASSETS HELD FOR SALE (Tables)

ASSETS HELD FOR SALE (Tables)	6 Months Ended
	Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the carrying amount as of June 30, 2022 and December 31, 2021 of the assets classified as held for sale (in thousands): June 30, 2022 December 31, 2021 Assets held for sale: Property, plant and equipment, net $ 11,430 $ 11,762 Total assets held for sale $ 11,430 $ 11,762

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The calculation of earnings per share attributable to Civeo common shareholders is presented below for the periods indicated (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net income (loss) attributable to Civeo common shareholders $ 9,078 $ (467) $ 10,001 $ (10,429) Less: income allocated to participating securities (1,356) — (1,497) — Basic net income (loss) attributable to Civeo Corporation common shareholders $ 7,722 $ (467) $ 8,504 $ (10,429) Add: undistributed income attributable to participating securities 1,356 — 1,497 — Less: undistributed income reallocated to participating securities (1,346) — (1,483) — Diluted net income (loss) attributable to Civeo Corporation common shareholders $ 7,732 $ (467) $ 8,518 $ (10,429) Denominator: Weighted average shares outstanding - basic 14,148 14,278 14,122 14,244 Dilutive shares - share-based awards 127 — 149 — Weighted average shares outstanding - diluted 14,275 14,278 14,271 14,244 Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.55 $ (0.03) $ 0.60 $ (0.73) Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) $ 0.54 $ (0.03) $ 0.60 $ (0.73)

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	As of June 30, 2022 and December 31, 2021, long-term debt consisted of the following (in thousands): June 30, 2022 December 31, 2021 Canadian term loan; weighted average interest rate of 4.1% for the six month period ended June 30, 2022 $ 46,560 $ 63,104 U.S. revolving credit facility; weighted average interest rate of 5.7% for the six month period ended June 30, 2022 — — Canadian revolving credit facility; weighted average interest rate of 4.4% for the six month period ended June 30, 2022 93,586 111,300 Australian revolving credit facility; weighted average interest rate of 3.3% for the six month period ended June 30, 2022 14,492 726 154,638 175,130 Less: Unamortized debt issuance costs 1,740 1,952 Total debt 152,898 173,178 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 29,880 30,576 Long-term debt, less current maturities $ 123,018 $ 142,602

SEGMENT AND RELATED INFORMATI_2

SEGMENT AND RELATED INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Financial information by business segment for each of the three and six months ended June 30, 2022 and 2021 is summarized in the following table (in thousands): Total Depreciation Operating Capital Total assets Three months ended June 30, 2022 Canada $ 109,023 $ 14,998 $ 11,197 $ 1,847 $ 753,303 Australia 67,820 7,728 5,452 2,832 204,086 U.S. 8,111 395 (1,295) 376 26,165 Corporate and eliminations — (38) (1,112) — (346,157) Total $ 184,954 $ 23,083 $ 14,242 $ 5,055 $ 637,397 Three months ended June 30, 2021 Canada $ 83,281 $ 12,152 $ 7,452 $ 1,143 $ 763,763 Australia 64,019 8,512 (2,656) 1,147 242,730 U.S. 6,876 542 (1,109) 482 27,793 Corporate and eliminations — 171 (1,558) 386 (316,599) Total $ 154,176 $ 21,377 $ 2,129 $ 3,158 $ 717,687 Six months ended June 30, 2022 Canada $ 204,975 $ 26,595 $ 15,235 $ 3,853 $ 753,303 Australia 131,349 15,685 11,587 4,048 204,086 U.S. 14,308 777 (2,904) 724 26,165 Corporate and eliminations — 153 (5,439) 22 (346,157) Total $ 350,632 $ 43,210 $ 18,479 $ 8,647 $ 637,397 Six months ended June 30, 2021 Canada $ 145,166 $ 24,239 $ (207) $ 2,323 $ 763,763 Australia 123,656 16,971 651 2,701 242,730 U.S. 10,784 1,108 (3,707) 851 27,793 Corporate and eliminations — 328 (4,509) 655 (316,599) Total $ 279,606 $ 42,646 $ (7,772) $ 6,530 $ 717,687

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

REVENUE - Narrative (Details)

REVENUE - Narrative (Details)	6 Months Ended
	Jun. 30, 2022 segment
Revenue from Contract with Customer [Abstract]
Number of reportable segments	3

REVENUE - Disaggregation of rev

REVENUE - Disaggregation of revenue by major categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenues	$ 184,954	$ 154,176	$ 350,632	$ 279,606
Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	7,035	4,540	12,295	7,604
Canada
Disaggregation of Revenue [Line Items]
Total revenues	109,023	83,281	204,975	145,166
Canada | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	79,431	69,759	146,625	116,289
Canada | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	24,058	8,666	48,076	19,165
Canada | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	5,534	4,856	10,274	9,712
Australia
Disaggregation of Revenue [Line Items]
Total revenues	67,820	64,019	131,349	123,656
Australia | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	39,052	37,780	76,651	71,455
Australia | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	28,768	26,239	54,698	52,201
U.S.
Disaggregation of Revenue [Line Items]
Total revenues	8,111	6,876	14,308	10,784
U.S. | Accommodation revenues
Disaggregation of Revenue [Line Items]
Total revenues	791	1,605	1,254	2,377
U.S. | Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total revenues	7,051	3,761	12,317	6,828
U.S. | Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total revenues	254	1,499	699	1,562
U.S. | Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total revenues	$ 15	$ 11	$ 38	$ 17

REVENUE - Revenue related to pe

REVENUE - Revenue related to performance obligations (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of June 30, 2022	$ 144,851
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2022-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of June 30, 2022	$ 75,076
Revenue expected to be recognized, period	6 months
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 June 30, 2022	$ 47,206
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 June 30, 2022	$ 12,605
Revenue expected to be recognized, period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of June 30, 2022	$ 9,964
Revenue expected to be recognized, period

IMPAIRMENT CHARGES (Details)

IMPAIRMENT CHARGES (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net		$ 349,094	$ 389,996
Australia
Property, Plant and Equipment [Line Items]
Impairment expense of long-lived assets	$ 7,900
Property, plant and equipment, net	$ 2,400

DETAILS OF SELECTED BALANCE S_3

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 135,165	$ 115,220
Allowance for credit losses	(320)	(361)
Total accounts receivable, net	134,845	114,859
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	80,295	75,740
Unbilled revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	53,455	38,508
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total accounts receivable	$ 1,415	$ 972

DETAILS OF SELECTED BALANCE S_4

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Inventories:
Finished goods and purchased products	$ 5,611	$ 5,346
Work in process	365	25
Raw materials	1,406	1,097
Total inventories	$ 7,382	$ 6,468

DETAILS OF SELECTED BALANCE S_5

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,742,815	$ 1,807,320
Accumulated depreciation	(1,393,721)	(1,417,324)
Total property, plant and equipment, net	349,094	389,996
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	28,664	30,556
Accommodations assets
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,592,357	1,657,577
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	$ 23,307	24,335
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	$ 14,804	14,983
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	$ 63,407	63,228
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	$ 14,605	14,578
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	$ 5,671	$ 2,063

DETAILS OF SELECTED BALANCE S_6

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accrued liabilities:
Accrued compensation	$ 23,345	$ 28,877
Accrued taxes, other than income taxes	2,998	2,944
Other	1,946	1,743
Total accrued liabilities	$ 28,289	$ 33,564

ASSETS HELD FOR SALE - Carrying

ASSETS HELD FOR SALE - Carrying Amount of Assets Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Property, plant and equipment, net	$ 11,430	$ 11,762
Total assets held for sale	$ 11,430	$ 11,762

EARNINGS PER SHARE - Calculatio

EARNINGS PER SHARE - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income (loss) attributable to Civeo common shareholders	$ 9,078	$ (467)	$ 10,001	$ (10,429)
Less: income allocated to participating securities	(1,356)	0	(1,497)	0
Basic net income (loss) attributable to Civeo Corporation common shareholders	7,722	(467)	8,504	(10,429)
Add: undistributed income attributable to participating securities	1,356	0	1,497	0
Less: undistributed income reallocated to participating securities	(1,346)	0	(1,483)	0
Diluted net income (loss) attributable to Civeo Corporation common shareholders	$ 7,732	$ (467)	$ 8,518	$ (10,429)
Denominator:
Weighted average shares outstanding - basic (in shares)	14,148	14,278	14,122	14,244
Dilutive shares - share-based awards (in shares)	127	0	149	0
Weighted average shares outstanding - diluted (in shares)	14,275	14,278	14,271	14,244
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.55	$ (0.03)	$ 0.60	$ (0.73)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ 0.54	$ (0.03)	$ 0.60	$ (0.73)

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
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	0.1	0.1	0.2
Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	2.5	2.5	2.4	2.4

DEBT - Long-term Debt (Details)

DEBT - Long-term Debt (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt, gross	$ 154,638	$ 175,130
Less: Unamortized debt issuance costs	1,740	1,952
Total debt	152,898	173,178
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	29,880	30,576
Long-term debt, less current maturities	123,018	142,602
Canadian term loan; weighted average interest rate of 4.1% for the six month period ended June 30, 2022
Debt Instrument [Line Items]
Canadian term loan	$ 46,560	63,104
Weighted average interest rate of term loan	4.10%
U.S. revolving credit facility; weighted average interest rate of 5.7% for the six month period ended June 30, 2022
Debt Instrument [Line Items]
Revolving credit facility	$ 0	0
Interest rate on line of credit facility	5.70%
Canadian revolving credit facility; weighted average interest rate of 4.4% for the six month period ended June 30, 2022
Debt Instrument [Line Items]
Revolving credit facility	$ 93,586	111,300
Interest rate on line of credit facility	4.40%
Australian revolving credit facility; weighted average interest rate of 3.3% for the six month period ended June 30, 2022
Debt Instrument [Line Items]
Revolving credit facility	$ 14,492	$ 726
Interest rate on line of credit facility	3.30%

DEBT - Credit Agreement (Detail

DEBT - Credit Agreement (Details) $ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) lender	Jun. 30, 2022 CAD ($) lender	Jun. 30, 2022 AUD ($) lender	Dec. 31, 2021 USD ($)
Line of Credit Facility [Line Items]
Interest coverage ratio	3
Long-term debt	$ 152,898,000			$ 173,178,000
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
Credit facility | Maximum
Line of Credit Facility [Line Items]
Lender commitments, within credit agreement	$ 52,000,000
Third Amendment to the Credit Agreement
Line of Credit Facility [Line Items]
Leverage ratio	3
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%
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%
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%
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%
Syndicated Facility Agreement | US term loan
Line of Credit Facility [Line Items]
Term loan, face amount		$ 100
Revolving credit facility | Syndicated Facility Agreement
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity	$ 200,000,000
Revolving credit facility, U.S. subsidiaries | Credit facility
Line of Credit Facility [Line Items]
Outstanding letters of credit	300,000
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	1,100,000
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
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		6 Months Ended
	Jun. 30, 2022 USD ($) jurisdiction	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) jurisdiction	Jun. 30, 2021 USD ($)
Schedule of Income Taxes [Line Items]
Number of tax jurisdictions | jurisdiction	3		3
Income tax expense (benefit) | $	$ (1,821)	$ 492	$ (3,378)	$ (584)
Income tax benefit, percent of pretax loss	15.10%	102.10%	21.80%	(6.60%)
Minimum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	15%		15%
Maximum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	30%		30%

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) $ in Thousands, $ in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2022 CAD ($)	Jun. 30, 2022 AUD ($)	Dec. 31, 2021 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Increase in other comprehensive loss, foreign currency exchange rate fluctuations during the period	$ (12,000)
Accumulated other comprehensive loss	$ (373,841)			$ (361,883)
International functional currency net assets		$ 238	$ 225

SHARE REPURCHASE PROGRAM (Detai

SHARE REPURCHASE PROGRAM (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended	10 Months Ended
	Aug. 31, 2021	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2022
Equity [Abstract]
Stock repurchase program, authorized amount, percentage	5%
Stock repurchase program, authorized amount (in shares)	715,000
Stock repurchase program, purchase period	12 months
Common shares repurchased (in shares)			22,911	240,090
Common shares purchased weighted average price (in dollars per share)			$ 23.65	$ 21.59
Common shares repurchased value		$ 533	$ 542	$ 5,200

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details)			3 Months Ended		6 Months Ended
	May 18, 2022 shares	Feb. 25, 2022 company shares	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) shares	Jun. 30, 2021 USD ($)
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]
Share awards granted (in shares) | shares	39,032
Allocated share-based compensation expense			$ 300,000	$ 300,000	$ 700,000	$ 800,000
Fair value of restricted share awards and deferred compensation that vested during the period			1,500,000	0	2,100,000	1,500,000
Unrecognized compensation cost related to share awards			900,000		$ 900,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period					10 months 24 days
Phantom share units (PSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense			2,500,000	1,400,000	$ 4,900,000	2,900,000
Unrecognized compensation cost related to share awards			14,500,000		$ 14,500,000
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 granted (in shares) | shares		255,034
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 granted (in shares) | shares		77,574
Vesting period of share awards		3 years
Performance shares
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense			700,000	600,000	$ 1,300,000	1,100,000
Fair value of restricted share awards and deferred compensation that vested during the period			0	$ 0	2,400,000	$ 1,900,000
Unrecognized compensation cost related to share awards			$ 5,200,000		$ 5,200,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period					2 years 2 months 12 days
Number of companies | company		17
Performance shares | Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share awards granted (in shares) | shares		122,555
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%
Performance shares | Civeo Plan | Maximum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance, share award percentage		200%

SEGMENT AND RELATED INFORMATI_3

SEGMENT AND RELATED INFORMATION - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 184,954	$ 154,176	$ 350,632	$ 279,606
Depreciation and amortization	23,083	21,377	43,210	42,646
Operating income (loss)	14,242	2,129	18,479	(7,772)
Capital expenditures	5,055	3,158	8,647	6,530
Total assets	637,397	717,687	637,397	717,687	$ 672,734
Canada
Segment Reporting Information [Line Items]
Total revenues	109,023	83,281	204,975	145,166
Australia
Segment Reporting Information [Line Items]
Total revenues	67,820	64,019	131,349	123,656
U.S.
Segment Reporting Information [Line Items]
Total revenues	8,111	6,876	14,308	10,784
Operating segments | Canada
Segment Reporting Information [Line Items]
Total revenues	109,023	83,281	204,975	145,166
Depreciation and amortization	14,998	12,152	26,595	24,239
Operating income (loss)	11,197	7,452	15,235	(207)
Capital expenditures	1,847	1,143	3,853	2,323
Total assets	753,303	763,763	753,303	763,763
Operating segments | Australia
Segment Reporting Information [Line Items]
Total revenues	67,820	64,019	131,349	123,656
Depreciation and amortization	7,728	8,512	15,685	16,971
Operating income (loss)	5,452	(2,656)	11,587	651
Capital expenditures	2,832	1,147	4,048	2,701
Total assets	204,086	242,730	204,086	242,730
Operating segments | U.S.
Segment Reporting Information [Line Items]
Total revenues	8,111	6,876	14,308	10,784
Depreciation and amortization	395	542	777	1,108
Operating income (loss)	(1,295)	(1,109)	(2,904)	(3,707)
Capital expenditures	376	482	724	851
Total assets	26,165	27,793	26,165	27,793
Corporate and eliminations
Segment Reporting Information [Line Items]
Total revenues	0	0	0	0
Depreciation and amortization	(38)	171	153	328
Operating income (loss)	(1,112)	(1,558)	(5,439)	(4,509)
Capital expenditures	0	386	22	655
Total assets	$ (346,157)	$ (316,599)	$ (346,157)	$ (316,599)