Civeo (CVEO) 10-K 1 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 24, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 332,630,445
Entity Common Stock, Shares Outstanding		15,217,501
Documents Incorporated by Reference	Portions of the registrant's Definitive Proxy Statement for the 2023 Annual General Meeting of Shareholders, which the registrant intends to file with the Securities and Exchange Commission not later than 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K, are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001590584
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Firm ID	42
Auditor Location	Houston, Texas

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Total revenues		$ 697,052	$ 594,463	$ 529,729
Costs and expenses:
Selling, general and administrative expenses		69,962	60,600	53,656
Depreciation and amortization expense		87,214	83,101	96,547
Impairment expense		5,721	7,935	144,120
Other operating expense		74	313	506
Total costs and expenses		680,034	588,411	676,917
Operating income (loss)		17,018	6,052	(147,188)
Interest expense		(11,474)	(12,964)	(16,687)
Loss on extinguishment of debt		0	(416)	(383)
Interest income		39	2	20
Other income		5,149	13,199	20,823
Income (loss) before income taxes		10,732	5,873	(143,415)
Income tax (expense) benefit		(4,402)	(3,376)	10,635
Net income (loss)		6,330	2,497	(132,780)
Less: Net income attributable to noncontrolling interest		2,333	1,147	1,470
Net income (loss) attributable to Civeo Corporation		3,997	1,350	(134,250)
Less: Dividends attributable to Class A preferred shares		1,771	1,925	1,887
Net income (loss) attributable to Civeo common shareholders		$ 2,226	$ (575)	$ (136,137)
Per Share Data (see Note 6) (1)
Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	[1]	$ (0.21)	$ (0.04)	$ (9.64)
Diluted net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	[1]	$ (0.21)	$ (0.04)	$ (9.64)
Weighted average number of common shares outstanding:
Basic (in shares)		14,002	14,232	14,129
Diluted (in shares)		14,002	14,232	14,129
Service and other
Revenues:
Total revenues		$ 676,001	$ 575,186	$ 505,401
Costs and expenses:
Service, other and product costs		500,513	420,579	361,505
Rental
Revenues:
Total revenues		18,316	16,033	16,817
Costs and expenses:
Service, other and product costs		14,975	13,960	14,971
Product
Revenues:
Total revenues		2,735	3,244	7,511
Costs and expenses:
Service, other and product costs		$ 1,575	$ 1,923	$ 5,612
[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 consolidated financial statements in Item 8 of this annual report for further discussion.

Consolidated Statements of Op_2

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

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,330	$ 2,497	$ (132,780)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustment, net of zero taxes	(23,486)	(12,936)	14,266
Total other comprehensive income (loss), net of taxes	(23,486)	(12,936)	14,266
Comprehensive loss	(17,156)	(10,439)	(118,514)
Less: Comprehensive income attributable to noncontrolling interest	2,151	1,105	1,552
Comprehensive loss attributable to Civeo Corporation	$ (19,307)	$ (11,544)	$ (120,066)

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Loss (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, tax	$ 0	$ 0	$ 0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 7,954	$ 6,282
Accounts receivable, net	119,755	114,859
Inventories	6,907	6,468
Prepaid expenses	7,199	6,876
Other current assets	3,081	10,946
Assets held for sale	8,653	11,762
Total current assets	153,549	157,193
Property, plant and equipment, net	301,890	389,996
Goodwill	7,672	8,204
Other intangible assets, net	81,747	93,642
Operating lease right-of-use assets	15,722	18,327
Other noncurrent assets	5,604	5,372
Total assets	566,184	672,734
Current liabilities:
Accounts payable	51,087	49,321
Accrued liabilities	39,211	33,564
Income taxes	178	171
Current portion of long-term debt	28,448	30,576
Deferred revenue	991	18,479
Other current liabilities	8,342	4,807
Total current liabilities	128,257	136,918
Long-term debt, less current maturities	102,505	142,602
Deferred income taxes	4,778	896
Operating lease liabilities	12,771	15,429
Other noncurrent liabilities	14,172	13,778
Total liabilities	262,483	309,623
Commitments and contingencies (Note 15)
Shareholders’ Equity:
Preferred shares (Class A Series 1, no par value; 50,000,000 shares authorized, zero shares and 9,042 shares issued and outstanding, respectively; aggregate liquidation preference of $0 and $97,438,687 as of December 31, 2022 and 2021)	0	61,941
Common shares (no par value; 46,000,000 shares authorized, 15,584,176 shares and 14,431,819 shares issued, respectively, and 15,217,501 shares and 14,111,221 shares outstanding, respectively)	0	0
Additional paid-in capital	1,624,512	1,582,442
Accumulated deficit	(930,123)	(912,951)
Common shares held in treasury at cost, 366,675 and 320,598 shares, respectively	(9,063)	(8,050)
Accumulated other comprehensive loss	(385,187)	(361,883)
Total Civeo Corporation shareholders’ equity	300,139	361,499
Noncontrolling interest	3,562	1,612
Total shareholders’ equity	303,701	363,111
Total liabilities and shareholders’ equity	$ 566,184	$ 672,734

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) $ in Thousands	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share) | $ / shares	$ 0	$ 0
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares outstanding (in shares)	0	9,042
Preferred stock, shares issued (in shares)	0	9,042
Preferred stock, liquidation preference, value | $	$ 0	$ 97,438,687
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)	15,584,176	14,431,819
Common stock, shares outstanding (in shares)	15,217,501	14,111,221
Treasury shares (in shares)	366,675	320,598

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands		Total	Preferred Class A	Preferred Shares	Preferred Shares Preferred Class A	Preferred Shares Conversion Of Convertible Preferred Stock	Common Shares		Additional Paid-in Capital	Additional Paid-in Capital Conversion Of Convertible Preferred Stock	Accumulated Deficit	Accumulated Deficit Preferred Class A	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning balance at Dec. 31, 2019		$ 490,805		$ 58,129			$ 0		$ 1,572,249		$ (771,590)		$ (5,472)	$ (363,173)	$ 662
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(132,780)									(134,250)				1,470
Currency translation adjustment		14,266												14,184	82
Dividends paid		(1,542)													(1,542)
Preferred dividends paid-in-kind		1,887	$ 0		$ (1,887)							$ 1,887
Share-based compensation		4,608							6,066				(1,458)
Ending balance at Dec. 31, 2020		375,357		$ 60,016			$ 0		1,578,315		(907,727)		(6,930)	(348,989)	672
Beginning balance (in shares) at Dec. 31, 2019				9,042			14,130,000	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)				0			85,000	[1]
Ending balance (in shares) at Dec. 31, 2020				9,042			14,215,000	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		2,497									1,350				1,147
Currency translation adjustment		(12,936)												(12,894)	(42)
Dividends paid		(165)													(165)
Preferred dividends paid-in-kind		1,925	0		(1,925)							1,925
Common shares repurchases		(4,649)							0		(4,649)		0
Share-based compensation		3,007							4,127				(1,120)
Ending balance at Dec. 31, 2021		$ 363,111		$ 61,941			$ 0		1,582,442		(912,951)		(8,050)	(361,883)	1,612
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)				0			113,000	[1]
Common shares repurchased (in shares)				0			217,000
Ending balance (in shares) at Dec. 31, 2021		14,431,819		9,042			14,111,000	[1]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		$ 6,330									3,997				2,333
Currency translation adjustment		(23,486)												(23,304)	(182)
Dividends paid		(266)									(65)				(201)
Preferred dividends paid-in-kind		1,706	$ 0		$ (1,706)							$ 1,706
Preferred shares repurchased		(30,553)		$ (25,364)							(5,189)
Preferred shares converted to common shares						$ (38,283)
Preferred shares converted to common shares		0								$ 38,283
Common shares repurchases		(14,209)									(14,209)
Share-based compensation		2,774							3,787				(1,013)
Ending balance at Dec. 31, 2022		$ 303,701		$ 0			$ 0		$ 1,624,512		$ (930,123)		$ (9,063)	$ (385,187)	$ 3,562
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)				0			100,000	[1]
Common shares repurchased (in shares)				3,617			498,000	[1]
Preferred shares converted to common (in shares)		(5,425)
Common shares converted from preferred shares (in shares)	[1]	1,505,000
Ending balance (in shares) at Dec. 31, 2022		15,584,176		0			15,218,000	[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 consolidated financial statements in Item 8 of this annual report for further discussion.

Consolidated Statements of Ch_2

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

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 6,330	$ 2,497	$ (132,780)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	87,214	83,101	96,547
Impairment charges	5,721	7,935	144,120
Loss on extinguishment of debt	0	416	383
Deferred income tax expense (benefit)	4,177	3,070	(11,122)
Non-cash compensation charge	3,787	4,127	6,066
Gain on disposals of assets	(4,917)	(6,188)	(2,905)
Provision for credit losses, net of recoveries	162	141	44
Other, net	3,223	2,200	(2,873)
Changes in operating assets and liabilities:
Accounts receivable	(14,447)	(28,131)	13,679
Inventories	(1,845)	(526)	171
Accounts payable and accrued liabilities	12,323	15,435	6,890
Taxes payable	5	(28)	(134)
Other current assets and liabilities, net	(9,960)	4,485	(725)
Net cash flows provided by operating activities	91,773	88,534	117,361
Cash flows from investing activities:
Capital expenditures	(25,421)	(15,571)	(10,083)
Proceeds from disposition of property, plant and equipment	16,286	14,306	3,690
Other, net	190	559	4,619
Net cash flows used in investing activities	(8,945)	(706)	(1,774)
Cash flows from financing activities:
Revolving credit borrowings	289,705	397,952	377,604
Revolving credit repayments	(293,079)	(348,795)	(447,914)
Term loan repayments	(30,442)	(125,483)	(39,855)
Debt issuance costs	0	(4,412)	(2,583)
Repurchases of common shares	(14,209)	(4,649)	0
Repurchases of preferred shares	(30,553)	0	0
Other, net	(1,078)	(1,120)	(1,458)
Net cash flows used in financing activities	(79,656)	(86,507)	(114,206)
Effect of exchange rate changes on cash	(1,500)	(1,194)	1,443
Net change in cash and cash equivalents	1,672	127	2,824
Cash and cash equivalents, beginning of period	6,282	6,155	3,331
Cash and cash equivalents, end of period	7,954	6,282	6,155
Non-cash investing activities:
Capital expenditure additions accrued at end of period	511	575	933
Non-cash financing activities:
Preferred dividends paid-in-kind	$ 1,706	$ 1,925	$ 1,887

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Dec. 31, 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 United States (U.S.) We provide a full suite of 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 these 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. 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. 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Allowance for Credit Losses We are exposed to credit losses primarily through the sale of our products and services. We maintain allowances for credit losses for estimated losses resulting from the inability of our customers to make required payments. If a trade receivable is deemed to be uncollectible, such receivable is charged-off against the allowance for credit losses account. Our expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade receivables. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected is based on an aging of the accounts receivable balances and the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. If we have no previous experience with the customer, we typically obtain reports from various credit organizations to ensure that the customer has a history of paying its creditors. We may also request financial information, including combined financial statements or other documents, to ensure that the customer has the means of making payment. If these factors do not indicate collection is reasonably assured, we generally would require a prepayment or other arrangement to support revenue recognition and recording of a trade receivable. If the financial condition of our customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Inventories Inventories consist of work in process, raw materials and supplies and materials for the construction and operation of remote accommodation facilities. Inventories also include food, raw materials, labor, subcontractor charges, manufacturing overhead and catering and other supplies needed for operation of our facilities. Inventories are carried at the lower of cost or net realizable value. The cost of inventories is determined on an average cost or specific-identification method. Property, Plant, and Equipment Property, plant, and equipment are stated at cost or at estimated fair market value at acquisition date if acquired in a business combination, and depreciation is computed, for assets owned or recorded under capital lease, using the straight-line method, after allowing for salvage value where applicable, over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset. We record the fair value of a liability, which reflects the estimated present value of the amount of asset removal and site reclamation costs related to the retirement of our assets, for an asset retirement obligation (ARO) when it is incurred (typically when the asset is installed). When the liability is initially recorded, we capitalize the associated asset retirement cost by increasing the carrying amount of the related property, plant and equipment. See Asset Retirement Obligations below for further discussion. Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing equipment, are capitalized and depreciated. Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the consolidated statements of operations. Business Combinations We evaluate acquisitions of assets and other similar transactions to assess whether or not the transaction should be accounted for as a business combination by assessing whether or not we have acquired inputs and processes that have the ability to create outputs. If determined to be a business combination, we account for a business acquisition under the acquisition method of accounting. The accounting rules governing business combinations require the acquiring entity in a business combination to recognize the fair value of all assets acquired and liabilities assumed and establish the acquisition date as the fair value measurement point. Accordingly, we recognize assets acquired and liabilities assumed in a business combination based on the fair value estimates as of the date of acquisition. Goodwill is measured as the excess of the fair value of the consideration paid over the fair value of the identified net assets, including intangible assets, acquired. The fair value measurement of the identified net assets requires the significant use of estimates and is based on information that was available to management at the time the purchase price allocation was prepared. We utilize recognized valuation techniques, including the cost approach, the market approach and the income approach, to value the net assets acquired. The impact of changes to the estimated fair values of assets acquired and liabilities assumed is recorded in the reporting period in which the adjustment is identified. Final valuations of assets and liabilities are obtained and recorded within one year from the date of the acquisition. Impairment of Long-Lived Assets The recoverability of the carrying values of long-lived assets, including amortizable intangible assets, is assessed in step one whenever, in management’s judgment, events or changes in circumstances indicate that the carrying value of such asset groups may not be recoverable based on estimated future cash flows. If this assessment indicates that the carrying values will not be recoverable, as determined based on undiscounted cash flows over the remaining useful lives, an impairment loss is recognized. The impairment loss equals the excess of the carrying value over the fair value of the asset group. In performing this analysis, the second step is to review asset groups at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For each asset group, we compare its carrying value to estimates of undiscounted future cash flows. We use a variety of underlying assumptions to estimate these future cash flows, including assumptions relating to future economic market conditions, rates, occupancy levels, costs and expenses and capital expenditures. The estimates are consistent with those used for purposes of our goodwill impairment test, as further discussed in Goodwill and Other Intangible Assets, below. Based on the assessment, if the carrying values of certain of our asset groups are determined to not be recoverable, we proceed to the third step. In this step, we compare the fair value of the respective asset group to its carrying value. The fair value of the asset groups are based on prices of similar assets, if available, or discounted future cash flows. Our estimate of the fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the asset groups’ operations in the future. See Note 4 – Impairment Charges for a discussion of impairment charges we recognized in 2022, 2021 and 2020 related to our long-lived assets. Goodwill and Other Intangible Assets Goodwill. Goodwill represents the excess of the purchase price paid for acquired businesses over the allocated fair value of the related net assets after impairments, if applicable. All of our goodwill as of December 31, 2022 was included in our Australia reporting unit. We evaluate goodwill for impairment, at the reporting unit level, annually and when an event occurs or circumstances change to suggest that the carrying amount may not be recoverable. A reporting unit is the operating segment, or a business one level below that operating segment (the “component” level) if discrete financial information is prepared and regularly reviewed by management at the component level. Each segment of our business represents a separate reporting unit. In connection with the preparation of our financial statements for the three months ended March 31, 2020, we performed a quantitative goodwill impairment test as of March 31, 2020, which resulted in a reduction of the value of our goodwill in our Canadian reporting unit to zero. See Note 4 – Impairment Charges for further discussion of goodwill impairments recorded in the year ended December 31, 2020. We conduct our annual impairment test as of November 30 of each year. We compare each reporting unit’s carrying amount, including goodwill, to the fair value of the reporting unit. If the carrying amount of the reporting unit exceeds its fair value, goodwill is impaired. We are given the option to test for impairment of our goodwill by first performing a qualitative assessment to determine whether it is more likely than not (that is, likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is determined that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing the currently prescribed quantitative impairment test is unnecessary. In developing a qualitative assessment to meet the “more-likely-than-not” threshold, each reporting unit with goodwill is assessed separately and different relevant events and circumstances are evaluated for each unit. We have the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. When performing our annual assessment on November 30, 2022, 2021 and 2020, we performed a qualitative assessment related to goodwill at our Australia reporting unit. Qualitative factors that we considered as part of our assessment included industry and market conditions, macroeconomic conditions and the financial performance of our Australian business. We also noted that, based on the interim quantitative testing performed as of March 31, 2020, the estimated fair value of the Australia reporting unit exceeded its carrying value by more than 125%. After assessing these events and circumstances, we determined that, as of November 30, 2022, it was more likely than not that the fair value of the Australia reporting unit was greater than its carrying value. In performing the quantitative goodwill impairment test, we compare each reporting unit’s carrying amount, including goodwill, to the fair value of the reporting unit. Because none of our reporting units has a publicly quoted market price, we must determine the value that willing buyers and sellers would place on the reporting unit through a routine sale process (a Level 3 fair value measurement). In our analysis, we target a fair value that represents the value that would be placed on the reporting unit by market participants, and value the reporting unit based on historical and projected results throughout a cycle, not the value of the reporting unit based on trough or peak earnings. The fair value of the reporting unit is estimated using a combination of (i) an analysis of trading multiples of comparable companies (Market Approach) and (ii) discounted projected cash flows (Income Approach). The relative weighting of each approach reflects current industry and market conditions. Market Approach - This valuation approach utilizes publicly traded comparable companies’ enterprise values, as compared to their recent and forecasted earnings before interest, taxes and depreciation (EBITDA) information. We use EBITDA because it is a widely used key indicator of the cash generating capacity of companies in our industry. Income Approach - This valuation approach derives a present value of the reporting unit’s projected future annual cash flows over the next five years with a terminal value assumption. We use a variety of underlying assumptions to estimate these future cash flows, including assumptions relating to future economic market conditions, rates, occupancy levels, costs and expenses and capital expenditures. These assumptions can vary by each reporting unit depending on market conditions. In addition, a terminal value is estimated, using a Gordon Growth methodology with a long-term growth rate of 2%. We discount our projected cash flows using a long-term weighted average cost of capital based on our estimate of investment returns that would be required by a market participant. The fair value of our reporting units is affected by future oil, coal and natural gas prices, anticipated spending by our customers, and the cost of capital. Our estimate of fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the reporting units’ operations in the future. We selected these valuation approaches because we believe the combination of these approaches and our best judgment regarding underlying assumptions and estimates provides us with the best estimate of fair value for each of our reporting units. We believe these valuation approaches are proven valuation techniques and methodologies for our industry and widely accepted by investors. The fair value of each reporting unit would change if our assumptions under these valuation approaches, or relative weighting of the valuation approaches, were materially modified. Other Intangible Assets. We amortize the cost of other intangible assets using the straight-line method over their estimated useful lives unless such lives are deemed indefinite. For intangible assets that we amortize, we review the useful life of the intangible asset and evaluate each reporting period whether events and circumstances warrant a revision to the remaining useful life. See Note 9 – Goodwill and Other Intangible Assets for further information. Foreign Currency and Other Comprehensive Income Gains and losses resulting from consolidated balance sheet translation of foreign operations where a foreign currency is the functional currency are included as a separate component of accumulated other comprehensive income within shareholders’ equity representing substantially all of the balances within accumulated other comprehensive income. Remeasurements of intercompany loans denominated in a different currency than the functional currency of the entity that are of a long-term investment nature are recognized as other comprehensive income within shareholders’ equity. Gains and losses resulting from consolidated balance sheet remeasurements of assets and liabilities denominated in a different currency than the functional currency, other than intercompany loans that are of a long-term investment nature, are included in the consolidated statements of operations as incurred. For the years ended December 31, 2022, 2021, and 2020, we recognized approximately $0.1 million, $0.3 million and $0.5 million in foreign currency losses, respectively. Foreign Currency Exchange Rate Risk A significant portion of revenues, earnings and net investments in foreign affiliates are exposed to changes in foreign currency exchange rates. We seek to manage our foreign exchange risk in part through operational means, including managing expected local currency revenues in relation to local currency costs and local currency assets in relation to local currency liabilities. We have not entered into any foreign currency forward contracts. Revenue and Cost Recognition For the majority of our operations and contracts, we generally recognize accommodation, mobile facility rental, food service and other services revenues over time as our customers simultaneously receive and consume benefits as we serve our customers because of continuous transfer of control to the customer. Revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We transfer control and recognize a sale based on a periodic (usually daily) room rate each night a customer stays in our rooms or when the services are rendered. In some contracts, rates may vary over the contract term. In these cases, revenue may be deferred and recognized on a straight-line basis over the contract term. Because of control transferring over time, the majority of our revenue is recognized based on the extent of progress towards completion of the performance obligation. At contract inception, we assess the goods and services promised in our contracts with customers and identify a performance obligation for each promise to transfer our customers a good or service (or bundle of goods or services) that is distinct. Our customers typically contract for hospitality services under take-or-pay contracts with terms that most often range from several months to three years. Our contract terms generally provide for a rental rate for a reserved room and an occupied room rate that compensates us for services provided. We typically contract our facilities to our customers on a fee per day basis where the goods and services promised include lodging and meals. To identify the performance obligations, we consider all of the goods and services promised in the context of the contract and the pattern of transfer to our customers. A limited portion of our revenue is recognized at a point in time when control transfers to the customer related to small modular construction and manufacturing contracts. We recognize our manufacturing and construction contract revenue over time as we provide services to satisfy our performance obligations. We generally use the cost based percentage-of-completion measure of progress as it best depicts how control transfers to our clients. The cost based approach measures progress towards completion based on the ratio of contract cost incurred to date compared to total estimated contract cost. Use of the cost based measure of progress requires us to prepare estimates of total expected revenue and cost to complete our projects. Revenues exclude taxes assessed based on revenues such as sales or value added taxes. Cost of services includes labor, food, utility costs, cleaning supplies, and other costs of operating our accommodations facilities. Cost of goods sold includes all direct material and labor costs and those costs related to contract performance, such as indirect labor, supplies, tools and repairs. Selling, general and administrative costs are charged to expense as incurred. Income Taxes Our operations are subject to Canadian federal and provincial income taxes, as well as foreign income taxes. We determine the provision for income taxes using the asset and liability approach. Under this approach, deferred income taxes represent the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. In assessing the need for a valuation allowance, we look to the future reversal of existing taxable temporary differences, taxable income in carryback years, the feasibility of tax planning strategies and estimated future taxable income. The valuation allowance can be affected by changes to tax laws, changes to statutory tax rates and changes to future taxable income estimates and historical losses. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. See Note 14 – Income Taxes for further information. Receivables and Concentration of Credit Risk Based on the nature of our customer base, we do not believe that we have any significant concentrations of credit risk other than our concentration in the Canadian oil sands and Australian mining industries. We evaluate the credit-worthiness of our significant, new and existing customers’ financial condition and, generally, we do not require collateral from our customers. For the year ended December 31, 2022, each of Suncor Energy, Imperial Oil and Fortescue Metals Group Ltd accounted for more than 10% of our revenues. For the year ended December 31, 2021, each of Suncor Energy, Imperial Oil and Fortescue Metals Group Ltd accounted for more than 10% of our revenues. For the year ended December 31, 2020, each of Fortescue Metals Group Ltd and Imperial Oil accounted for more than 10% of our revenues. Asset Retirement Obligations We have AROs that we are required to perform under law or contract once an asset is permanently taken out of service. We initially record the liability at fair value, which reflects the estimated present value of the amount of asset removal and site reclamation costs related to the retirement of our assets, for an ARO when it is incurred (typically when the asset is installed). When the liability is initially recorded, we capitalize the associated asset retirement cost by increasing the carrying amount of the related property, plant and equipment. Over time, the liability increases for the change in its present value, while the capitalized cost depreciates over the useful life of the related asset. Accretion expense is recognized over the estimated productive life of the related assets. If the fair value of the estimated ARO changes, an adjustment is recorded to both the ARO and the capitalized asset retirement cost. Revisions in estimated liabilities can result from changes in estimated inflation rates, changes in service and equipment costs and changes in the estimated timing of settling the ARO. We utilize current retirement costs to estimate the expected cash outflows for retirement obligations. We estimate the ultimate productive life of the properties and a risk-adjusted discount rate in order to determine the current present value of the obligation. We relieve ARO liabilities when the related obligations are settled. Most of these obligations are not expected to be paid until many years in the future and will be funded from general company resources at the time of removal. See Note 12 – Asset Retirement Obligations for further discussion. Share-Based Compensation We sponsor an equity participation plan in which certain of our employees participate. We measure the cost of employee services received in exchange for an award of equity instruments (typically restricted share awards and deferred share awards) based on the grant-date fair value of the award. The fair value is calculated based on our share price on the grant-date. The resulting cost is recognized over the period during which an employee is required to provide service in exchange for the awards, usually the vesting period. We also grant performance share awards. For awards granted in 2022, awards are 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 (TSR) rank among a peer group of other companies and (2) the payout percentage associated with Civeo's cumulative operating cash flow over the performance period relative to a preset target. Awards granted in 2021 are 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 TSR rank among a peer group of 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 fair value of the TSR portion of each performance share is estimated using option-pricing models at the grant date. The fair value of the operating cash flow and free cash flow portion of each performance share is based on the closing market price of our common shares on the date of grant and adjusted throughout the performance period based on our estimate of the most probable outcome. The resulting costs for each portion of the award is recognized over the period during which an employee is required to provide service in exchange for the awards, usually the vesting period. Additionally, we grant phantom shares. All of the awards vest in equal annual installments and are accounted for as a liability based on the fair value of our share price. Participants granted units of phantom shares are entitled to a lump sum cash payment equal to the fair market value of a common share on the vesting date. Guarantees Substantially all of our Canadian and U.S. subsidiaries are guarantors under our Credit Agreement. See Note 11 – Debt for further discussion. During the ordinary course of business, we also provide standby letters of credit or other guarantee instruments to certain parties as required for certain transactions initiated by us or our subsidiaries. As of December 31, 2022, the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately $2.0 million. We have not recorded any liability in connection with these guarantee arrangements. We do not believe, based on historical experience and information currently available, that it is likely that any amounts will be required to be paid under these guarantee arrangements. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles 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. Examples of a few such estimates include revenue and income recognized on the cost-based input method, estimates of the amount and timing of costs to be incurred for AROs, any valuation allowance recorded on net deferred tax assets, warranty claims, long-lived asset and goodwill impairments and allowance for credit losses. Actual results could materially differ from those estimates. Accounting for Contingencies We have contingent liabilities and future claims for which we have made estimates of the amount of the eventual cost to liquidate these liabilities or claims. We make an assessment of our exposure and record a provision in our accounts to cover an expected loss when we believe a loss is probable and the amount of the loss can be reasonably estimated. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified. Other claims or liabilities have been estimated based on their fair value or our experience in these matters and, when appropriate, the advice of outside counsel or other outside experts. Upon the ultimate resolution of these uncertainties, our future reported financial results will be impacted by the difference between our estimates and the actual amounts paid to settle a liability. Examples of areas where we have made important estimates of future liabilities include litigation, insurance claims, warranty claims, contract claims and obligations. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board, 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.

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 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 years ended December 31, 2022, 2021 and 2020 (in thousands): 2022 2021 2020 Canada Accommodation revenues $ 279,455 $ 239,526 $ 202,534 Mobile facility rental revenues 96,400 62,856 33,192 Food service and other services revenues 20,142 18,996 33,923 Total Canada revenues 395,997 321,378 269,649 Australia Accommodation revenues $ 152,714 $ 145,335 $ 144,070 Food service and other services revenues 125,538 105,739 90,472 Total Australia revenues 278,252 251,074 234,542 U.S. Accommodation revenues $ 3,058 $ 5,437 $ 2,451 Mobile facility rental revenues 18,367 14,486 16,837 Manufacturing revenues 1,288 2,038 6,200 Food service and other services revenues 90 50 50 Total U.S. revenues 22,803 22,011 25,538 Total revenues $ 697,052 $ 594,463 $ 529,729 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 in most cases do not extend beyond 60 days. We do not have significant financing components or significant payment terms. As of December 31, 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, 2023 2024 2025 Thereafter Total Revenue expected to be recognized as of December 31, 2022 $ 122,033 $ 82,582 $ 55,386 $ 263,568 $ 523,569

IMPAIRMENT CHARGES

IMPAIRMENT CHARGES	12 Months Ended
	Dec. 31, 2022
Asset Impairment Charges [Abstract]
IMPAIRMENT CHARGES	IMPAIRMENT CHARGES 2022 Impairment Charges The following summarizes pre-tax impairment charges recorded during 2022, which are included in Impairment expense in our consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended December 31, 2022 Long-lived assets $ — $ 3,808 $ 1,913 $ 5,721 Total $ — $ 3,808 $ 1,913 $ 5,721 Quarter ended December 31, 2022 . During the fourth quarter of 2022, we recorded impairment expense of $3.8 million, related to fixed assets in a village located in Western Australia. At December 31, 2022, we identified an impairment trigger due to an expiring contract that was not renewed. Accordingly, the assets were written down to their estimated fair value of $1.8 million. In addition, we recorded impairment expense of $1.9 million, related to fixed assets in a lodge located in our U.S. market. The lodge is recorded at the estimated fair value (less costs to sell) and was reduced to $7.7 million. 2021 Impairment Charges The following summarizes pre-tax impairment charges recorded during 2021, which are included in Impairment expense in our consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended June 30, 2021 Long-lived assets $ — $ 7,935 $ — $ 7,935 Total $ — $ 7,935 $ — $ 7,935 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. 2020 Impairment Charges The following summarizes pre-tax impairment charges recorded during 2020, which are included in Impairment expense in our consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended March 31, 2020 Goodwill $ 93,606 $ — $ — $ 93,606 Long-lived assets 38,075 — 12,439 50,514 Total $ 131,681 $ — $ 12,439 $ 144,120 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 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 these long-lived assets. 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 and we recorded impairment expense of $12.4 million during the first quarter of 2020 related to these long-lived assets.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 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 December 31, 2022 and 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 first quarter of 2020, we recorded a goodwill impairment charge 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 first quarter of 2020 goodwill impairment test primarily using an income approach. The discount rates used to value our reporting units for the first quarter of 2020 for the goodwill impairment test ranged between 10.5% and 14.0%. During the fourth quarter of 2022, 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%. Additionally, during the first quarter of 2020 and the fourth quarter of 2022, our estimate of fair value of a property in the U.S. was based on appraisals from third parties, which referenced available market information, such as listing agreements, offers, and pending and closed sales. During the second quarter of 2021 and the fourth quarter of 2022, our estimate of fair value in Australia for assets that were impaired, was based on appraisals from third parties. See Note 2 – Summary of Significant Accounting Policies – Impairment of Long-Lived Assets and Note 2 – Summary of Significant Accounting Policies – Goodwill and Other Intangible Assets for further discussion of the significant judgments and assumptions used in calculating their fair value.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE We use the two-class method to calculate basic and diluted earnings per share because we had participating securities in the form of Series A preferred shares. The two-class method requires a proportional share of net income to be allocated between common shares and participating securities. The proportional share to be allocated to participating securities is determined by dividing total weighted average participating securities by the sum of total weighted average common shares and participating securities. Basic earnings per share is computed under the two-class method by dividing the net income (loss) attributable to common shareholders by the weighted average number of common shares outstanding during the period. Net income attributable to common shareholders represents our net income reduced by an allocation of current period earnings to participating securities as described above. No such adjustment is made during periods with a net loss, as the adjustment would be anti-dilutive. Diluted earnings per share is computed under the two-class method by dividing diluted net income (loss) attributable to common shareholders by the weighted average number of common shares outstanding, plus, for periods with net income attributable to common stockholders, the potential dilutive effects of share-based awards. In addition, we calculate the potential dilutive effect of any outstanding dilutive security under both the two-class method and the “if-converted” method, and we report the more dilutive of the methods as our diluted earnings per share. We also apply the treasury stock method with respect to certain share-based awards in the calculation of diluted earnings per share, if dilutive. On October 30, 2022, we repurchased 3,617 Series A preferred shares from the holders for approximately $30.6 million. The repurchase premium of $5.2 million is treated as a reduction to the numerator of net income (loss) attributable to Civeo common shareholders utilized in the calculation of earnings per share for the year ended December 31, 2022. The calculation of earnings per share attributable to Civeo common shareholders is presented below for the periods indicated (in thousands, except per share amounts): 2022 2021 2020 Numerator: Net income (loss) attributable to Civeo common shareholders $ 2,226 $ (575) $ (136,137) Less: premium paid for repurchase of preferred shares (5,189) — — Less: income allocated to participating securities — — — Basic net loss attributable to Civeo Corporation common shareholders $ (2,963) $ (575) $ (136,137) Add: undistributed income attributable to participating securities — — — Less: undistributed income reallocated to participating securities — — — Diluted net loss attributable to Civeo Corporation common shareholders $ (2,963) $ (575) $ (136,137) Denominator: Weighted average shares outstanding - basic 14,002 14,232 14,129 Dilutive shares - share based awards — — — Weighted average shares outstanding - diluted 14,002 14,232 14,129 Basic net loss per share attributable to Civeo Corporation common shareholders (1) $ (0.21) $ (0.04) $ (9.64) Diluted net loss per share attributable to Civeo Corporation common shareholders (1) $ (0.21) $ (0.04) $ (9.64) (1) Computations may reflect rounding adjustments. The following common share equivalents have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented (in millions of shares): 2022 2021 2020 Share-based awards 0.2 0.2 0.4 Preferred shares 2,240 2,461 2,412

DETAILS OF SELECTED BALANCE SHE

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS	12 Months Ended
	Dec. 31, 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 December 31, 2022 and 2021 is presented below (in thousands): December 31, 2022 December 31, 2021 Accounts receivable, net: Trade $ 65,563 $ 75,740 Unbilled revenue 52,547 38,508 Other 1,944 972 Total accounts receivable 120,054 115,220 Allowance for credit losses (299) (361) Total accounts receivable, net $ 119,755 $ 114,859 December 31, 2022 December 31, 2021 Inventories: Finished goods and purchased products $ 5,538 $ 5,346 Work in process — 25 Raw materials 1,369 1,097 Total inventories $ 6,907 $ 6,468 Estimated December 31, 2022 December 31, 2021 Property, plant and equipment, net: Land $ 25,528 $ 30,556 Accommodations assets 3-15 1,464,476 1,657,577 Buildings and leasehold improvements 7-20 15,516 24,335 Machinery and equipment 4-7 11,775 14,983 Office furniture and equipment 3-7 62,725 63,228 Vehicles 3-5 8,411 14,578 Construction in progress 1,771 2,063 Total property, plant and equipment 1,590,202 1,807,320 Accumulated depreciation (1,288,312) (1,417,324) Total property, plant and equipment, net $ 301,890 $ 389,996 December 31, 2022 December 31, 2021 Accrued liabilities: Accrued compensation $ 34,358 $ 28,877 Accrued taxes, other than income taxes 2,873 2,944 Other 1,980 1,743 Total accrued liabilities $ 39,211 $ 33,564 December 31, 2022 December 31, 2021 Deferred revenue: Contract liabilities $ 991 $ 18,479 Deferred revenue consists of contract liabilities resulting from upfront payments related to the mobilization of mobile assets to service pipeline projects in our Canadian business segment. The decrease in deferred revenue from December 31, 2021 to December 31, 2022 was primarily due to the recognition of deferred revenue over the contracted terms of these pipeline projects in Canada.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE As of December 31, 2022, assets held for sale included certain assets in our U.S. and Canadian business segments. These assets were recorded at the estimated fair value less costs to sell, which exceeded or equaled their carry values. 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 carrying values. The following table summarizes the carrying amount as of December 31, 2022 and 2021 of the assets classified as held for sale (in thousands): December 31, 2022 December 31, 2021 Assets held for sale: Property, plant and equipment, net $ 8,653 $ 11,762 Total assets held for sale $ 8,653 $ 11,762

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS Changes in the carrying amount of goodwill from December 31, 2020 to December 31, 2022 are as follows (in thousands): Canada Australia U.S. Total Goodwill as of December 31, 2020 $ — $ 8,729 $ — $ 8,729 Foreign currency translation — (525) — (525) Goodwill as of December 31, 2021 $ — $ 8,204 $ — $ 8,204 Foreign currency translation — (532) — (532) Goodwill as of December 31, 2022 $ — $ 7,672 $ — $ 7,672 The following table presents the total amount of other intangible assets and the related accumulated amortization for major intangible asset classes as of December 31, 2022 and 2021 (in thousands): December 31, December 31, 2022 2021 Gross Accumulated Gross Accumulated Amortizable Intangible Assets Customer relationships $ 40,656 $ (40,656) $ 42,752 $ (42,604) Trade name 3,324 (3,324) 3,554 (3,554) Contracts / agreements 149,356 (67,637) 159,051 (65,587) Total amortizable intangible assets $ 193,336 $ (111,617) $ 205,357 $ (111,745) Indefinite-Lived Intangible Assets Not Subject to Amortization Licenses 28 — 30 — Total indefinite-lived intangible assets 28 — 30 — Total intangible assets $ 193,364 $ (111,617) $ 205,387 $ (111,745) The weighted average remaining amortization period for all intangible assets, other than indefinite-lived intangibles, was 15.0 years as of December 31, 2022 and 16.0 years as of December 31, 2021. Amortization expense was $5.9 million, $6.0 million and $14.1 million in the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, the estimated remaining amortization of our amortizable intangible assets was as follows (in thousands): Year Ending 2023 $ 5,494 2024 5,494 2025 5,494 2026 5,494 2027 5,494 Thereafter 54,249 Total $ 81,719

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	LEASESWe have operating leases covering certain land locations and various office facilities and equipment in our three reportable business segments. Our leases have remaining lease terms of one year to eight years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 90 days. In addition, we do not recognize right-of-use assets or lease liabilities for leases with terms shorter than twelve months. The components of lease expense were $5.0 million, $5.9 million and $6.8 million under operating leases for the years ended December 31, 2022, 2021 and 2020, respectively. Included in the measurement of lease liabilities, we paid $5.3 million in cash related to operating leases during the year ended December 31, 2022. Right-of-use assets obtained in exchange for new lease obligations related to operating leases during the year ended December 31, 2022 were $2.3 million. Supplemental balance sheet information related to leases were as follows (in thousands): December 31, 2022 December 31, 2021 Operating leases Operating lease right-of-use assets $ 15,722 $ 18,327 Other current liabilities $ 3,792 $ 4,244 Operating lease liabilities 12,771 15,429 Total operating lease liabilities $ 16,563 $ 19,673 Weighted average remaining lease term Operating leases 4.8 years 5.1 years Weighted average discount rate Operating leases 5.4 % 5.1 % Maturities of operating lease liabilities at December 31, 2022, were as follows (in thousands): Year Ending 2023 $ 4,771 2024 4,358 2025 3,381 2026 2,734 2027 2,551 Thereafter 1,751 Total lease payments 19,546 Less imputed interest 2,983 Total $ 16,563

DEBT

DEBT	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
DEBT	DEBT As of December 31, 2022 and 2021, long-term debt consisted of the following (in thousands): December 31, 2022 December 31, 2021 Canadian term loan; weighted average interest rate of 5.4% for the twelve-month period ended December 31, 2022 $ 29,532 $ 63,104 U.S. revolving credit facility; weighted average interest rate of 6.9% for the twelve-month period ended December 31, 2022 — — Canadian revolving credit facility; weighted average interest rate of 5.6% for the twelve-month period ended December 31, 2022 101,147 111,300 Australian revolving credit facility; weighted average interest rate of 4.3% for the twelve-month period ended December 31, 2022 1,358 726 132,037 175,130 Less: Unamortized debt issuance costs 1,084 1,952 Total debt 130,953 173,178 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 28,448 30,576 Long-term debt, less current maturities $ 102,505 $ 142,602 Scheduled maturities of long-term debt as of December 31, 2022 are as follows (in thousands): Year Ending 2023 $ 29,532 2024 — 2025 102,505 $ 132,037 Credit Agreement As of December 31, 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 December 31, 2022.

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	12 Months Ended
	Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]
ASSET RETIREMENT OBLIGATIONS	ASSET RETIREMENT OBLIGATIONS AROs at December 31, 2022 and 2021 were (in thousands): 2022 2021 Asset retirement obligations $ 18,113 $ 13,745 Less: Asset retirement obligations due within one year (1) 4,550 564 Long-term asset retirement obligations $ 13,563 $ 13,181 (1) Classified as a current liability on the consolidated balance sheets, under the caption “Other current liabilities.” Balance at December 31, 2022 related to remediation work planned for 2023. Total accretion expense related to AROs was $1.8 million, $1.4 million and $1.5 million during the years ended December 31, 2022, 2021 and 2020, respectively. During the years ended December 31, 2022, 2021 and 2020, our ARO changed as follows (in thousands): 2022 2021 2020 Balance as of January 1 $ 13,745 $ 14,993 $ 18,796 Accretion of discount 1,830 1,429 1,526 Change in estimates of existing obligations 4,138 (763) (3,961) Settlement of obligations (455) (1,943) (1,771) Foreign currency translation (1,145) 29 403 Balance as of December 31 $ 18,113 $ 13,745 $ 14,993

RETIREMENT PLANS

RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
RETIREMENT PLANS	RETIREMENT PLANS We sponsor various defined contribution plans. Participation in these plans is available to substantially all employees. A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will generally have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution plans are recognized as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. We recognized expense of $8.2 million, $7.6 million and $6.8 million related to matching contributions under our various defined contribution plans during the years ended December 31, 2022, 2021 and 2020, respectively. Canadian Retirement Savings Plan We offer a defined contribution retirement plan to our Canadian employees. In Canada, we contribute, on a matched basis, an amount up to 5% of each Canadian based, salaried employee’s earnings (base salary plus annual incentive compensation) to the legislated maximum for a Deferred Profit Sharing Plan (DPSP). The maximum for 2022 was C$15,390. DPSP is a form of defined contribution retirement savings plan governed by Canadian federal tax legislation which provides for the deferral of tax on deposits and investment returns until removed from the plan to support retirement income. Employer contributions vest upon the completion of two years of service. Employee contributions are required in order to be eligible for the DPSP employer matching. Maximum employer matching (5% noted above) is attained with 6% employee contribution which would go into a Group Registered Retirement Savings Plan. The two plans work in tandem. Contributions to the “Retirement Savings Plan” for Canadian employees are subject to the annual maximum total registered savings limit of C$29,210 in 2022 as set out in the Canadian Tax Act. Australian Retirement Savings Plan Our Australian subsidiary contributes to various defined contribution plans for its employees in accordance with legislation governing the calculation of the Superannuation Guarantee Surcharge (SGC). SGC is contributed by the employer at a rate of 10.5% of the base salary of an employee, capped at the legislated maximum contribution base which is indexed annually. Our Australian subsidiary makes no investment decisions on behalf of the employee and has no obligations other than to remit the defined contributions to the plan selected by each individual employee. U.S. Retirement Savings Plan We offer a defined contribution 401(k) retirement plan to substantially all of our U.S. employees. Participants may contribute from 1% to 75% of their base and cash incentive compensation (subject to Internal Revenue Service limitations), and we make matching contributions under this plan on the first 6% of the participant’s compensation (100% match of the first 4% employee contribution and 50% match on the next 2% contribution). Our matching contributions vest at a rate of 40% after two years of service and 20% per year for each of the employee’s next three years of service and are fully vested thereafter.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s operations are conducted through various subsidiaries in a number of countries throughout the world. The Company has provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned. Income tax expense ( benefit). Pre-tax income (loss) for the years ended December 31, 2022, 2021 and 2020 consisted of the following (in thousands): 2022 2021 2020 Canada operations $ 3,040 $ 2,498 $ (137,239) Foreign operations 7,692 3,375 (6,176) Total $ 10,732 $ 5,873 $ (143,415) The components of the income tax expense (benefit) for the years ended December 31, 2022, 2021 and 2020 consisted of the following (in thousands): 2022 2021 2020 Current: Canada $ 31 $ 141 $ 391 Foreign 194 165 96 Total $ 225 $ 306 $ 487 Deferred: Canada $ — $ — $ (8,941) Foreign 4,177 3,070 (2,181) Total $ 4,177 $ 3,070 $ (11,122) Net income tax expense (benefit) $ 4,402 $ 3,376 $ (10,635) The net income tax expense (benefit) differs from an amount computed at Canadian statutory rates as follows for the years ended December 31, 2022, 2021 and 2020 (in thousands): 2022 2021 2020 Canadian federal tax benefit at statutory rates $ 1,610 15.0 % $ 779 13.3 % $ (21,512) 15.0 % Canadian provincial income tax 282 2.6 % 215 3.7 % (12,718) 8.9 % Effect of foreign income tax, net 1,809 16.9 % 1,189 20.2 % 1,241 (0.9) % Valuation allowance 153 1.4 % 1,028 17.5 % (1,355) 0.9 % Noncontrolling interest (562) (5.2) % — — % — — % Non-deductible goodwill impairment — — % — — % 22,984 (16.0) % Non-deductible compensation 808 7.5 % 526 9.0 % 310 (0.2) % Unrealized intercompany foreign currency translation gain (250) (2.3) % (708) (12.1) % 991 (0.7) % Non-taxable Noralta representations and warranties claim — — % — — % (1,132) 0.8 % Deemed income from foreign subsidiaries 331 3.1 % 297 5.1 % 240 (0.2) % Other, net 221 2.0 % 50 0.8 % 316 (0.2) % Net income tax expense (benefit) $ 4,402 41.0 % $ 3,376 57.5 % $ (10,635) 7.4 % Canadian Rate Change. As part of Alberta’s Recovery Plan, effective July 1, 2019, the government introduced a four-year graduated decrease in the income tax rate from 12% to 8% but subsequently accelerated the rate reduction to 8% effective July 1, 2020. As the impact of the full rate change was effectuated on our net deferred tax liability in 2020, the acceleration had no impact to our net deferred tax liability as of December 31, 2021 or December 31, 2022. Deferred Tax Liabilities and Assets. The significant items giving rise to the deferred tax assets and liabilities as of December 31, 2022 and 2021 are as follows (in thousands): 2022 2021 Deferred tax assets: Net operating loss $ 75,326 $ 93,512 Employee benefits 2,810 2,546 Deductible goodwill and other intangibles 48,432 51,977 Land 3,159 3,879 Other reserves 7,439 6,202 Operating lease liabilities 4,133 4,862 Capital losses 1,930 1,363 Other 2,303 1,636 Deferred tax assets 145,532 165,977 Valuation allowance (82,905) (85,351) Deferred tax assets, net $ 62,627 $ 80,626 Deferred tax liabilities: Intangibles $ (20,098) $ (22,752) Depreciation (43,394) (54,254) Operating lease right-of-use assets (3,913) (4,516) Deferred tax liabilities (67,405) (81,522) Net deferred tax liabilities, net $ (4,778) $ (896) At December 31, 2022 and 2021, we had no undistributed earnings of foreign subsidiaries that would be subject to income tax upon distribution to Canada from a foreign subsidiary. As such, as of December 31, 2022 and 2021, we did not provide for deferred taxes on any such earnings of our foreign subsidiaries. NOL Carryforwards. The following table summarizes net operating loss (NOL) carryforwards at December 31, 2022 (in thousands): Amount Expiration Period Net operating loss carryforwards: Canada – Federal and provincial $ 161,312 Begins to expire in 2035 Australia 52,650 Does not expire U.S. – Federal 36,030 Begins to expire in 2036 U.S. – Federal 30,782 Does not expire U.S. – State, tax effected 6,319 Begins to expire in 2023 Change in Valuation Allowance. Realization of our deferred tax assets is dependent upon, among other things, our ability to generate taxable income of the appropriate character in the future. Changes in our valuation allowance for the years ended December 31, 2022 and 2021 are as follows (in thousands): Balance as of December 31, 2020 $ (88,251) Change in income tax provision (1,028) Other change 656 Foreign currency translation 3,272 Balance as of December 31, 2021 (85,351) Change in income tax provision (153) Other change (1,178) Foreign currency translation 3,777 Balance as of December 31, 2022 $ (82,905) As of each reporting date, management considers new evidence, both positive and negative, that could affect our view of the future realization of deferred tax assets. As of December 31, 2022, management determined that there is not sufficient evidence to conclude that it is more likely than not that the Canadian and U.S. net deferred tax assets are realizable, therefore we have maintained the valuation allowance in both of these jurisdictions. As of December 31, 2022, management determined that there is not sufficient evidence to conclude that it is more likely than not that the Australia deferred tax assets related to certain capital assets are realizable, therefore we have maintained a partial valuation allowance in Australia. Unrecognized Tax Benefits. We file tax returns in the jurisdictions in which they are required. All of these returns are subject to examination or audit and possible adjustment as a result of assessments by taxing authorities. We believe that we have recorded sufficient tax liabilities and do not expect the resolution of any examination or audit of our tax returns to have a material adverse effect on our operating results, financial condition or liquidity. Our Canadian federal tax returns subsequent to 2017 are subject to audit by the Canada Revenue Agency. Our Australian subsidiary’s federal income tax returns subsequent to 2017 are open for review by the Australian Taxation Office. Our U.S. subsidiary’s federal tax returns subsequent to 2018 are subject to audit by the U.S. Internal Revenue Service. The total amount of unrecognized tax benefits as of December 31, 2022, 2021 and 2020 was zero. Unrecognized tax benefits, if recognized, would affect the effective tax rate. We accrue interest and penalties, if applicable, related to unrecognized tax benefits as a component of our provision for income taxes. As of December 31, 2022, 2021 and 2020, we had accrued zero of interest expense and penalties.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIESWe 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.

PREFERRED SHARES

PREFERRED SHARES	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
PREFERRED SHARES	PREFERRED SHARES As further discussed in Note 21 – Acquisitions, on April 2, 2018, we issued 9,679 Series A preferred shares as part of the acquisition of Noralta Lodge Ltd. (Noralta Acquisition). The Series A preferred shares had an initial liquidation preference of $10,000 per share. Holders of the Series A preferred shares were entitled to receive a 2% annual dividend on the liquidation preference paid quarterly in cash or, at our option, by increasing the Series A preferred shares’ liquidation preference or any combination thereof. During the fourth quarter of 2018, 637 Series A preferred shares initially held in escrow to support certain obligations of the Noralta Acquisition were released. On October 30, 2022, 3,617 Series A preferred shares were repurchased from the holders for approximately $30.6 million, which included accrued dividends of under $0.1 million. On December 13, 2022, the holders of the Series A preferred shares elected to convert the remaining 5,425 Series A preferred shares outstanding into 1,504,539 common shares. As of December 31, 2022, we had no Series A preferred shares outstanding. During the years ended December 31, 2022, 2021 and 2020, we recognized preferred dividends on the Series A preferred shares as follows (in thousands): 2022 2021 2020 In-kind dividends $ 1,706 $ 1,925 $ 1,887 Cash dividend on repurchased preferred shares 65 — — Total preferred dividends $ 1,771 $ 1,925 $ 1,887 The Board of Directors elected to pay the dividends beginning June 30, 2018 through December 12, 2022 through an increase in the liquidation preference rather than in cash. The paid-in-kind dividend of $1.7 million, $1.9 million and $1.9 million is included in Preferred dividends on the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021 and 2020, respectively. On December 13, 2022, the holders of the Series A preferred shares converted all outstanding Series A preferred shares into common shares. Following such conversion, no further dividends are required to be paid.

COMMON SHARE REPURCHASES

COMMON SHARE REPURCHASES	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
COMMON SHARE REPURCHASES	SHARE REPURCHASES In August 2021, our Board of Directors authorized a common share repurchase program (the 2021 Share Repurchase Program) to repurchase up to 5.0% of our total common shares which were issued and outstanding, or approximately 715,000 common shares, over a twelve month period. In August 2022, our Board of Directors authorized a new common share repurchase program (the 2022 Share Repurchase Program) to repurchase up to 5.0% of our total common shares which are issued and outstanding, or approximately 685,000 common shares, over a twelve month period. The 2022 Share Repurchase Program and the 2021 Share Repurchase Program are collectively referred to as the "Share Repurchase Programs." 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 have funded, and intend to continue to fund, repurchases through cash on hand and cash generated from operations. The common shares repurchased under the Share Repurchase Programs are cancelled in the periods they are acquired and the payment is accounted for as an increase to accumulated deficit in our Consolidated Statements of Changes in Shareholders’ Equity in the period the payment is made. Pursuant to our 2021 Share Repurchase Program, during the year ended December 31, 2022, we repurchased an aggregate of 123,882 of our common shares outstanding at a weighted average price of $28.54 per share, for a total of approximately $3.5 million. We repurchased an aggregate of 341,061 of our common shares outstanding at a weighted average price of $23.98 per share for a total cost of $8.2 million during the twelve month period comprising the 2021 Share Repurchase Program. We have not repurchased any shares under the 2022 Share Repurchase Program as of December 31, 2022. In addition to the shares repurchased pursuant to the 2021 Share Repurchase Program, we repurchased 374,753 common shares from a shareholder for approximately $10.7 million during the three months ended September 30, 2022.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSSOur accumulated other comprehensive loss increased $23.3 million from $361.9 million at December 31, 2021 to $385.2 million at December 31, 2022, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during 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$189 million and A$232 million, respectively, at December 31, 2022.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 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 of Directors and the Compensation Committee of our Board of Directors to approve grants of options, awards of restricted shares, performance awards, phantom share awards and dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors. No more than 2.4 million Civeo common shares are authorized to be issued under the Civeo Plan. Share-based compensation expense recognized in the years ended December 31, 2022, 2021 and 2020 totaled $14.9 million, $9.9 million and $8.4 million, respectively. Share-based compensation expense is reflected in Selling, general and administrative expense in our consolidated statements of operations. The total income tax benefit recognized in the consolidated statements of operations for share based compensation arrangements was approximately $0.8 million, $0.5 million and $0.5 million for the years ended December 31, 2022, 2021 and 2020, respectively. Options to Purchase Common Shares No options were awarded in 2022, 2021 or 2020. The following table presents the changes in stock options outstanding and related information for our employees during the years ended December 31, 2022, 2021 and 2020: Options Weighted Weighted Intrinsic Outstanding Options at December 31, 2019 12,143 $ 215.59 2.3 $ — Forfeited / Expired (1,817) 197.16 Outstanding Options at December 31, 2020 10,326 $ 218.83 1.4 $ — Forfeited / Expired (8,414) 216.78 Outstanding Options at December 31, 2021 1,912 $ 227.85 1.2 $ — Forfeited / Expired (382) 221.16 Outstanding Options at December 31, 2022 1,530 $ 229.52 0.3 $ — Exercisable Options at December 31, 2020 10,326 $ 218.83 1.4 $ — Exercisable Options at December 31, 2021 1,912 $ 227.85 1.2 $ — Exercisable Options at December 31, 2022 1,530 $ 229.52 0.3 $ — As no options were exercised in the last three years, the total intrinsic value of options exercised by our employees during 2022, 2021 and 2020 was zero. Additionally, the tax benefits realized for the tax deduction from options exercised during 2022, 2021 and 2020 totaled zero. At December 31, 2022, unrecognized compensation cost related to options was zero. The following table summarizes information for outstanding options of our employees at December 31, 2022: Options Outstanding Options Exercisable Range of Exercise Number Weighted Weighted Number Weighted $209.76 956 0.1 $ 209.76 956 $ 209.76 $262.44 574 0.6 $ 262.44 574 $ 262.44 $209.76 - 262.44 1,530 0.3 $ 229.52 1,530 $ 229.52 Restricted Share Awards/ Restricted Share Units/ Deferred Share Awards The following table presents the changes in restricted share awards, restricted share units and deferred share awards outstanding and related information for our employees and non-employee directors during the years ended December 31, 2022, 2021 and 2020: Number of Weighted Nonvested shares at December 31, 2019 306,796 $ 34.31 Granted 1,906 4.95 Vested (186,551) 33.78 Forfeited (17,060) 35.26 Nonvested shares at December 31, 2020 105,091 $ 34.56 Granted 59,027 17.58 Vested (77,304) 35.76 Forfeited (1,957) 30.36 Nonvested shares at December 31, 2021 84,857 $ 21.76 Granted 40,465 25.64 Vested (86,290) 21.83 Nonvested shares at December 31, 2022 39,032 25.62 The weighted average grant date fair value per share for restricted share awards, restricted share units and deferred share awards granted during 2022, 2021 and 2020 was $25.64, $17.58 and $4.95, respectively. The total fair value of restricted share awards, restricted share units and deferred share awards vested during 2022, 2021 and 2020 was $2.1 million, $1.5 million and $2.6 million, respectively. At December 31, 2022, unrecognized compensation cost related to restricted share awards, restricted share units and deferred share awards was $0.4 million, which is expected to be recognized over a weighted average period of 0.4 years. Phantom Share Awards Each phantom share award is equal in value to one common share. Upon vesting, each recipient will receive a lump sum cash payment equal to the fair market value of a common share on the respective vesting date. These awards are accounted for as a liability that is remeasured at each reporting date until paid. The following table presents the changes in phantom share awards outstanding and related information for our employees during the years ended December 31, 2022, 2021 and 2020: Number of Awards Nonvested shares at December 31, 2019 134,128 Granted 413,569 Vested (55,977) Forfeited (33,545) Nonvested shares at December 31, 2020 458,175 Granted 351,853 Vested (163,499) Forfeited (27,081) Nonvested shares at December 31, 2021 619,448 Granted 332,608 Vested (269,488) Forfeited (27,558) Nonvested shares at December 31, 2022 655,010 At December 31, 2022, the balance of the liability for the phantom share awards was $9.5 million. For the years ended December 31, 2022, 2021 and 2020, we made phantom share cash payments of $6.0 million, $3.1 million and $0.9 million, respectively. At December 31, 2022, unrecognized compensation cost related to phantom shares was $11.6 million, as remeasured at December 31, 2022, which is expected to be recognized over a weighted average period of 1.7 years. The weighted average grant date fair value per share of phantom shares granted during the years ended December 31, 2022, 2021 and 2020 was $21.97, $19.80 and $15.84, respectively. Performance Share Awards We grant performance awards, which cliff vest in three years subject to attainment of applicable performance criteria. Awards granted in 2022 will be earned in amounts between 0% and 200% of the participant’s target performance share award, based equally on (1) the payout percentage associated with Civeo’s relative TSR rank among a peer group that includes 17 other companies and (2) the payout percentage associated with Civeo's cumulative operating cash flow over the performance period relative to a preset target. Awards granted in 2021 are 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 TSR 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 operating cash flow and 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 fair value of the TSR portion of each performance share award was estimated using a Monte Carlo simulation pricing model that uses the assumptions noted in the following table. The risk-free interest rate is based on the U.S. Treasury yield curve in effect for the expected term of the performance share at the time of grant. The dividend yield on our common shares was assumed to be zero since we do not currently pay dividends. The expected market price volatility of our common shares was based on an estimate that considers the historical and implied volatility of our common shares as well as a peer group of companies over a time period equal to the expected term of the option. The initial TSR performance was based on historical performance of our common shares and the peer group’s common shares. No performance share awards were granted in 2020. 2022 2021 Risk-free weighted interest rate 1.7 % 0.2 % Expected volatility 78.0 % 83.0 % Initial TSR 14.1 % 27.1 % The following table presents the changes in performance share awards outstanding and related information for our employees during the year ended December 31, 2022, 2021 and 2020: Number of Weighted Nonvested shares at December 31, 2019 232,256 $ 55.27 Granted — — Performance adjustment (1) 47,101 — Vested (109,904) 62.40 Forfeited (17,141) 50.56 Nonvested shares at December 31, 2020 152,312 $ 52.86 Granted 129,754 26.86 Performance adjustment (2) 28,466 — Vested (93,922) 63.60 Forfeited (1,296) 44.76 Nonvested shares at December 31, 2021 215,314 $ 33.97 Granted 122,555 27.69 Performance adjustment (3) 22,235 — Vested (107,795) 44.76 Forfeited — — Nonvested shares at December 31, 2022 252,309 $ 29.81 (1) Related to 2017 performance share awards that vested in 2020, which were paid out at 175% based on Civeo's TSR rank. (2) Related to 2018 performance share awards that vested in 2021, which were paid out at 150% based on Civeo's TSR rank. (3) Related to 2019 performance share awards that vested in 2022, which were paid out at 126% based on Civeo's TSR rank. During the years ended December 31, 2022, 2021 and 2020, we recognized compensation expense associated with performance share awards totaling $2.6 million, $2.4 million and $2.7 million, respectively. At December 31, 2022, unrecognized compensation cost related to performance share awards was $4.0 million, which is expected to be recognized over a weighted average period of 1.8 years.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION Cash paid during the years ended December 31, 2022, 2021 and 2020 for interest and income taxes was as follows (in thousands): 2022 2021 2020 Interest (net of amounts capitalized) $ 9,226 $ 9,991 $ 12,597 Net income taxes paid, net of refunds received 220 334 600

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS Noralta On April 2, 2018, we acquired the equity of Noralta. As a result of the Noralta Acquisition, we expanded our existing accommodations business in the Canadian oil sands market. The total consideration, which is subject to adjustment in accordance with the terms of the definitive agreement, included (i) C$207.7 million (or approximately US$161.2 million) in cash, subject to customary post-closing adjustments for working capital, indebtedness and transactions expenses, (ii) 2.7 million of our common shares, of which 1.1 million shares are held in escrow and will be released based on certain conditions related to Noralta customer contracts remaining in place, and (iii) 9,679 Series A preferred shares with an initial liquidation preference of $96.8 million and initially convertible into 2.4 million of our common shares. We funded the cash consideration with cash on hand and borrowings under our revolving credit facility. During the second quarter of 2022 and 2021, 0.4 million shares and 0.4 million shares, respectively, were released to the sellers from an escrow established to cover conditions related to Noralta customer contracts remaining in place. During the

SEGMENT AND RELATED INFORMATION

SEGMENT AND RELATED INFORMATION	12 Months Ended
	Dec. 31, 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 years ended December 31, 2022, 2021 and 2020 is summarized in the following table (in thousands): Total Depreciation and amortization Operating (loss) income Capital expenditures Total assets 2022 Canada $ 395,997 $ 55,503 $ 17,023 $ 11,588 $ 726,640 Australia 278,252 30,521 14,731 12,757 198,795 U.S. 22,803 1,148 (8,330) 1,015 10,465 Corporate and eliminations — 42 (6,406) 61 (369,716) Total $ 697,052 $ 87,214 $ 17,018 $ 25,421 $ 566,184 2021 Canada $ 321,378 $ 47,253 $ 12,816 $ 6,747 $ 764,519 Australia 251,074 33,110 7,303 6,823 226,318 U.S. 22,011 2,060 (8,869) 1,484 22,595 Corporate and eliminations — 678 (5,198) 517 (340,698) Total $ 594,463 $ 83,101 $ 6,052 $ 15,571 $ 672,734 2020 Canada $ 269,649 $ 52,009 $ (146,435) $ 2,201 $ 720,482 Australia 234,542 40,747 27,804 5,470 281,180 U.S. 25,538 3,240 (23,151) 1,557 26,801 Corporate and eliminations — 551 (5,406) 855 (287,610) Total $ 529,729 $ 96,547 $ (147,188) $ 10,083 $ 740,853 Financial information by geographic segment as of and for each of the three years ended December 31, 2022, 2021 and 2020, is summarized below (in thousands). Revenues in the U.S. include export sales. Revenues are attributable to countries based on the location of the entity selling the products or performing the services. Long-lived assets are attributable to countries based on the physical location of the entity and its operating assets and do not include intercompany balances. Canada Australia U.S. and Total 2022 Revenues from unaffiliated customers $ 395,997 $ 278,252 $ 22,803 $ 697,052 Long-lived assets 263,112 144,489 5,034 412,635 2021 Revenues from unaffiliated customers $ 321,378 $ 251,074 $ 22,011 $ 594,463 Long-lived assets 325,160 177,607 12,774 515,541 2020 Revenues from unaffiliated customers $ 269,649 $ 234,542 $ 25,538 $ 529,729 Long-lived assets 368,636 229,629 23,375 621,640

VALUATION ACCOUNTS

VALUATION ACCOUNTS	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
VALUATION ACCOUNTS	VALUATION ACCOUNTS Activity in the valuation accounts was as follows (in thousands): Balance at Charged (Reduction) to Deductions Translation Balance Year Ended December 31, 2022: Allowance for credit losses on accounts receivable $ 361 $ 115 $ (162) $ (15) $ 299 Valuation allowance for deferred tax assets 85,351 153 1,178 (3,777) 82,905 Year Ended December 31, 2021: Allowance for credit losses on accounts receivable $ 275 $ 131 $ (30) $ (15) $ 361 Valuation allowance for deferred tax assets 88,251 1,028 (656) (3,272) 85,351 Year Ended December 31, 2020: Allowance for credit losses on accounts receivable $ 253 $ 46 $ (44) $ 20 $ 275 Valuation allowance for deferred tax assets 84,503 (1,355) (1,663) 6,766 88,251

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Cash	Cash We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Allowance for Credit Losses	Allowance for Credit Losses We are exposed to credit losses primarily through the sale of our products and services. We maintain allowances for credit losses for estimated losses resulting from the inability of our customers to make required payments. If a trade receivable is deemed to be uncollectible, such receivable is charged-off against the allowance for credit losses account. Our expected loss allowance methodology for accounts receivable is developed using historical collection experience, current and future economic and market conditions and a review of the current status of customers' trade receivables. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected is based on an aging of the accounts receivable balances and the financial condition of customers. Additionally, specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. If we have no previous experience with the customer, we typically obtain reports from various credit organizations to ensure that the customer has a history of paying its creditors. We may also request financial information, including combined financial statements or other documents, to ensure
Inventories	Inventories Inventories consist of work in process, raw materials and supplies and materials for the construction and operation of remote accommodation facilities. Inventories also include food, raw materials, labor, subcontractor charges, manufacturing overhead and catering and other supplies needed for operation of our facilities. Inventories are carried at the lower of cost or net realizable value. The cost of inventories is determined on an average cost or specific-identification method.
Property, Plant and Equipment	Property, Plant, and Equipment Property, plant, and equipment are stated at cost or at estimated fair market value at acquisition date if acquired in a business combination, and depreciation is computed, for assets owned or recorded under capital lease, using the straight-line method, after allowing for salvage value where applicable, over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset. We record the fair value of a liability, which reflects the estimated present value of the amount of asset removal and site reclamation costs related to the retirement of our assets, for an asset retirement obligation (ARO) when it is incurred (typically when the asset is installed). When the liability is initially recorded, we capitalize the associated asset retirement cost by increasing the carrying amount of the related property, plant and equipment. See Asset Retirement Obligations below for further discussion. Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing equipment, are capitalized and depreciated. Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the consolidated statements of operations.
Business Combinations	Business Combinations We evaluate acquisitions of assets and other similar transactions to assess whether or not the transaction should be accounted for as a business combination by assessing whether or not we have acquired inputs and processes that have the ability to create outputs. If determined to be a business combination, we account for a business acquisition under the acquisition method of accounting. The accounting rules governing business combinations require the acquiring entity in a business combination to recognize the fair value of all assets acquired and liabilities assumed and establish the acquisition date as the fair value measurement point. Accordingly, we recognize assets acquired and liabilities assumed in a business combination based on the fair value estimates as of the date of acquisition. Goodwill is measured as the excess of the fair value of the consideration paid over the fair value of the identified net assets, including intangible assets, acquired. The fair value measurement of the identified net assets requires the significant use of estimates and is based on information that was available to management at the time the purchase price allocation was prepared. We utilize recognized valuation techniques, including the cost approach, the market approach and the income approach, to value the net assets acquired. The impact of changes to the estimated fair values of assets acquired and liabilities assumed is recorded in the reporting period in which the adjustment is identified. Final valuations of assets and liabilities are obtained and recorded within one year from the date of the acquisition.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The recoverability of the carrying values of long-lived assets, including amortizable intangible assets, is assessed in step one whenever, in management’s judgment, events or changes in circumstances indicate that the carrying value of such asset groups may not be recoverable based on estimated future cash flows. If this assessment indicates that the carrying values will not be recoverable, as determined based on undiscounted cash flows over the remaining useful lives, an impairment loss is recognized. The impairment loss equals the excess of the carrying value over the fair value of the asset group. In performing this analysis, the second step is to review asset groups at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For each asset group, we compare its carrying value to estimates of undiscounted future cash flows. We use a variety of underlying assumptions to estimate these future cash flows,
Goodwill	Goodwill. Goodwill represents the excess of the purchase price paid for acquired businesses over the allocated fair value of the related net assets after impairments, if applicable. All of our goodwill as of December 31, 2022 was included in our Australia reporting unit. We evaluate goodwill for impairment, at the reporting unit level, annually and when an event occurs or circumstances change to suggest that the carrying amount may not be recoverable. A reporting unit is the operating segment, or a business one level below that operating segment (the “component” level) if discrete financial information is prepared and regularly reviewed by management at the component level. Each segment of our business represents a separate reporting unit. In connection with the preparation of our financial statements for the three months ended March 31, 2020, we performed a quantitative goodwill impairment test as of March 31, 2020, which resulted in a reduction of the value of our goodwill in our Canadian reporting unit to zero. See Note 4 – Impairment Charges for further discussion of goodwill impairments recorded in the year ended December 31, 2020. We conduct our annual impairment test as of November 30 of each year. We compare each reporting unit’s carrying amount, including goodwill, to the fair value of the reporting unit. If the carrying amount of the reporting unit exceeds its fair value, goodwill is impaired. We are given the option to test for impairment of our goodwill by first performing a qualitative assessment to determine whether it is more likely than not (that is, likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is determined that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing the currently prescribed quantitative impairment test is unnecessary. In developing a qualitative assessment to meet the “more-likely-than-not” threshold, each reporting unit with goodwill is assessed separately and different relevant events and circumstances are evaluated for each unit. We have the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. When performing our annual assessment on November 30, 2022, 2021 and 2020, we performed a qualitative assessment related to goodwill at our Australia reporting unit. Qualitative factors that we considered as part of our assessment included industry and market conditions, macroeconomic conditions and the financial performance of our Australian business. We also noted that, based on the interim quantitative testing performed as of March 31, 2020, the estimated fair value of the Australia reporting unit exceeded its carrying value by more than 125%. After assessing these events and circumstances, we determined that, as of November 30, 2022, it was more likely than not that the fair value of the Australia reporting unit was greater than its carrying value. In performing the quantitative goodwill impairment test, we compare each reporting unit’s carrying amount, including goodwill, to the fair value of the reporting unit. Because none of our reporting units has a publicly quoted market price, we must determine the value that willing buyers and sellers would place on the reporting unit through a routine sale process (a Level 3 fair value measurement). In our analysis, we target a fair value that represents the value that would be placed on the reporting unit by market participants, and value the reporting unit based on historical and projected results throughout a cycle, not the value of the reporting unit based on trough or peak earnings. The fair value of the reporting unit is estimated using a combination of (i) an analysis of trading multiples of comparable companies (Market Approach) and (ii) discounted projected cash flows (Income Approach). The relative weighting of each approach reflects current industry and market conditions. Market Approach - This valuation approach utilizes publicly traded comparable companies’ enterprise values, as compared to their recent and forecasted earnings before interest, taxes and depreciation (EBITDA) information. We use EBITDA because it is a widely used key indicator of the cash generating capacity of companies in our industry. Income Approach - This valuation approach derives a present value of the reporting unit’s projected future annual cash flows over the next five years with a terminal value assumption. We use a variety of underlying assumptions to estimate these future cash flows, including assumptions relating to future economic market conditions, rates, occupancy levels, costs and expenses and capital expenditures. These assumptions can vary by each reporting unit depending on market conditions. In addition, a terminal value is estimated, using a Gordon Growth methodology with a long-term growth rate of 2%. We discount our projected cash flows using a long-term weighted average cost of capital based on our estimate of investment returns that would be required by a market participant. The fair value of our reporting units is affected by future oil, coal and natural gas prices, anticipated spending by our customers, and the cost of capital. Our estimate of fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the reporting units’ operations in the future. We selected these valuation approaches because we believe the combination of these approaches and our best judgment regarding underlying assumptions and estimates provides us with the best estimate of fair value for each of our reporting units. We believe these valuation approaches are proven valuation techniques and methodologies for our industry and widely accepted by investors. The fair value of each reporting unit would change if our assumptions under these valuation approaches, or relative weighting of the valuation approaches, were materially modified.
Other Intangible Assets	Other Intangible Assets. We amortize the cost of other intangible assets using the straight-line method over their estimated useful lives unless such lives are deemed indefinite. For intangible assets that we amortize, we review the useful life of the intangible asset and evaluate each reporting period whether events and circumstances warrant a revision to the remaining useful life.
Foreign Currency and Other Comprehensive Income	Foreign Currency and Other Comprehensive Income Gains and losses resulting from consolidated balance sheet translation of foreign operations where a foreign currency is the functional currency are included as a separate component of accumulated other comprehensive income within shareholders’ equity representing substantially all of the balances within accumulated other comprehensive income. Remeasurements of intercompany loans denominated in a different currency than the functional currency of the entity that are of a long-term investment nature are recognized as other comprehensive income within shareholders’ equity. Gains and losses resulting from consolidated balance sheet remeasurements of assets and liabilities denominated in a different currency than the functional currency, other than intercompany loans that are of a long-term investment nature, are included in the consolidated statements of operations as incurred. For the years ended December 31, 2022, 2021, and 2020, we recognized approximately $0.1 million, $0.3 million and $0.5 million in foreign currency losses, respectively.
Foreign Currency Exchange Rate Risk	Foreign Currency Exchange Rate Risk A significant portion of revenues, earnings and net investments in foreign affiliates are exposed to changes in foreign currency exchange rates. We seek to manage our foreign exchange risk in part through operational means, including managing expected local currency revenues in relation to local currency costs and local currency assets in relation to local currency liabilities. We have not entered into any foreign currency forward contracts.
Revenue and Cost Recognition	Revenue and Cost Recognition For the majority of our operations and contracts, we generally recognize accommodation, mobile facility rental, food service and other services revenues over time as our customers simultaneously receive and consume benefits as we serve our customers because of continuous transfer of control to the customer. Revenue is recognized when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration we expect to be entitled to in exchange for those goods or services. We transfer control and recognize a sale based on a periodic (usually daily) room rate each night a customer stays in our rooms or when the services are rendered. In some contracts, rates may vary over the contract term. In these cases, revenue may be deferred and recognized on a straight-line basis over the contract term. Because of control transferring over time, the majority of our revenue is recognized based on the extent of progress towards completion of the performance obligation. At contract inception, we assess the goods and services promised in our contracts with customers and identify a performance obligation for each promise to transfer our customers a good or service (or bundle of goods or services) that is distinct. Our customers typically contract for hospitality services under take-or-pay contracts with terms that most often range from several months to three years. Our contract terms generally provide for a rental rate for a reserved room and an occupied room rate that compensates us for services provided. We typically contract our facilities to our customers on a fee per day basis where the goods and services promised include lodging and meals. To identify the performance obligations, we consider all of the goods and services promised in the context of the contract and the pattern of transfer to our customers. A limited portion of our revenue is recognized at a point in time when control transfers to the customer related to small modular construction and manufacturing contracts. We recognize our manufacturing and construction contract revenue over time as we provide services to satisfy our performance obligations. We generally use the cost based percentage-of-completion measure of progress as it best depicts how control transfers to our clients. The cost based approach measures progress towards completion based on the ratio of contract cost incurred to date compared to total estimated contract cost. Use of the cost based measure of progress requires us to prepare estimates of total expected revenue and cost to complete our projects. Revenues exclude taxes assessed based on revenues such as sales or value added taxes. Cost of services includes labor, food, utility costs, cleaning supplies, and other costs of operating our accommodations facilities. Cost of goods sold includes all direct material and labor costs and those costs related to contract performance, such as indirect labor, supplies, tools and repairs. Selling, general and administrative costs are charged to expense as incurred.
Income Taxes	Income Taxes Our operations are subject to Canadian federal and provincial income taxes, as well as foreign income taxes. We determine the provision for income taxes using the asset and liability approach. Under this approach, deferred income taxes represent the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. In assessing the need for a valuation allowance, we look to the future reversal of existing taxable temporary differences, taxable income in carryback years, the feasibility of tax planning strategies and estimated future taxable income. The valuation allowance can be affected by changes to tax laws, changes to statutory tax rates and changes to future taxable income estimates and historical losses. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. See Note 14 – Income Taxes for further information.
Receivables and Concentration of Credit Risk	Receivables and Concentration of Credit Risk Based on the nature of our customer base, we do not believe that we have any significant concentrations of credit risk other than our concentration in the Canadian oil sands and Australian mining industries. We evaluate the credit-worthiness of our significant, new and existing customers’ financial condition and, generally, we do not require collateral from our customers. For the year ended December 31, 2022, each of Suncor Energy, Imperial Oil and Fortescue Metals Group Ltd accounted for more than 10% of our revenues. For the year ended December 31, 2021, each of Suncor Energy, Imperial Oil and Fortescue Metals Group Ltd accounted for more than 10% of our revenues. For the year ended December 31, 2020, each of Fortescue Metals Group Ltd and Imperial Oil accounted for more than 10% of our revenues.
Asset Retirement Obligations	Asset Retirement Obligations We have AROs that we are required to perform under law or contract once an asset is permanently taken out of service. We initially record the liability at fair value, which reflects the estimated present value of the amount of asset removal and site reclamation costs related to the retirement of our assets, for an ARO when it is incurred (typically when the asset is installed). When the liability is initially recorded, we capitalize the associated asset retirement cost by increasing the carrying amount of the related property, plant and equipment. Over time, the liability increases for the change in its present value, while the capitalized cost depreciates over the useful life of the related asset. Accretion expense is recognized over the estimated productive life of the related assets. If the fair value of the estimated ARO changes, an adjustment is recorded to both the ARO and the capitalized asset retirement cost. Revisions in estimated liabilities can result from changes in estimated inflation rates, changes in service and equipment costs and changes in the estimated timing of settling the ARO. We utilize current retirement costs to estimate the expected cash outflows for retirement obligations. We estimate the ultimate productive life of the properties and a risk-adjusted discount rate in order to determine the current present value of the obligation. We relieve ARO liabilities when the related obligations are settled. Most of these obligations are not expected to be paid until many years in the future and will be funded from general company resources at the time of removal. See Note 12 – Asset Retirement Obligations for further discussion.
Share-Based Compensation	Share-Based Compensation We sponsor an equity participation plan in which certain of our employees participate. We measure the cost of employee services received in exchange for an award of equity instruments (typically restricted share awards and deferred share awards) based on the grant-date fair value of the award. The fair value is calculated based on our share price on the grant-date. The resulting cost is recognized over the period during which an employee is required to provide service in exchange for the awards, usually the vesting period. We also grant performance share awards. For awards granted in 2022, awards are 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 (TSR) rank among a peer group of other companies and (2) the payout percentage associated with Civeo's cumulative operating cash flow over the performance period relative to a preset target. Awards granted in 2021 are 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 TSR rank among a peer group of 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 fair value of the TSR portion of each performance share is estimated using option-pricing models at the grant date. The fair value of the operating cash flow and free cash flow portion of each performance share is based on the closing market price of our common shares on the date of grant and adjusted throughout the performance period based on our estimate of the most probable outcome. The resulting costs for each portion of the award is recognized over the period during which an employee is required to provide service in exchange for the awards, usually the vesting period. Additionally, we grant phantom shares. All of the awards vest in equal annual installments and are accounted for as a liability based on the fair value of our share price. Participants granted units of phantom shares are entitled to a lump sum cash payment equal to the fair market value of a common share on the vesting date.
Guarantees	Guarantees Substantially all of our Canadian and U.S. subsidiaries are guarantors under our Credit Agreement. See Note 11 – Debt for further discussion. During the ordinary course of business, we also provide standby letters of credit or other guarantee instruments to certain parties as required for certain transactions initiated by us or our subsidiaries. As of December 31, 2022, the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately $2.0 million. We have not recorded any liability in connection with these guarantee arrangements. We do not believe, based on historical experience and information currently available, that it is likely that any amounts will be required to be paid under these guarantee arrangements.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles 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. Examples of a few such estimates include revenue and income recognized on the cost-based input method, estimates of the amount and timing of costs to be incurred for AROs, any valuation allowance recorded on net deferred tax assets, warranty claims, long-lived asset and goodwill impairments and allowance for credit losses. Actual results could materially differ from those estimates.
Accounting for Contingencies	Accounting for Contingencies We have contingent liabilities and future claims for which we have made estimates of the amount of the eventual cost to liquidate these liabilities or claims. We make an assessment of our exposure and record a provision in our accounts to cover an expected loss when we believe a loss is probable and the amount of the loss can be reasonably estimated. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified. Other claims or liabilities have been estimated based on their fair value or our experience in these matters and, when appropriate, the advice of outside counsel or other outside experts. Upon the ultimate resolution of these uncertainties, our future reported financial results will be impacted by the difference between our estimates and the actual amounts paid to settle a liability. Examples of areas where we have made important estimates of future liabilities include litigation, insurance claims, warranty claims, contract claims and obligations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board, 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.

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2022, 2021 and 2020 (in thousands): 2022 2021 2020 Canada Accommodation revenues $ 279,455 $ 239,526 $ 202,534 Mobile facility rental revenues 96,400 62,856 33,192 Food service and other services revenues 20,142 18,996 33,923 Total Canada revenues 395,997 321,378 269,649 Australia Accommodation revenues $ 152,714 $ 145,335 $ 144,070 Food service and other services revenues 125,538 105,739 90,472 Total Australia revenues 278,252 251,074 234,542 U.S. Accommodation revenues $ 3,058 $ 5,437 $ 2,451 Mobile facility rental revenues 18,367 14,486 16,837 Manufacturing revenues 1,288 2,038 6,200 Food service and other services revenues 90 50 50 Total U.S. revenues 22,803 22,011 25,538 Total revenues $ 697,052 $ 594,463 $ 529,729
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	As of December 31, 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, 2023 2024 2025 Thereafter Total Revenue expected to be recognized as of December 31, 2022 $ 122,033 $ 82,582 $ 55,386 $ 263,568 $ 523,569

IMPAIRMENT CHARGES (Tables)

IMPAIRMENT CHARGES (Tables)	12 Months Ended
	Dec. 31, 2022
Asset Impairment Charges [Abstract]
Asset Impairment Charges	The following summarizes pre-tax impairment charges recorded during 2022, which are included in Impairment expense in our consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended December 31, 2022 Long-lived assets $ — $ 3,808 $ 1,913 $ 5,721 Total $ — $ 3,808 $ 1,913 $ 5,721 The following summarizes pre-tax impairment charges recorded during 2021, which are included in Impairment expense in our consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended June 30, 2021 Long-lived assets $ — $ 7,935 $ — $ 7,935 Total $ — $ 7,935 $ — $ 7,935 The following summarizes pre-tax impairment charges recorded during 2020, which are included in Impairment expense in our consolidated statements of operations (in thousands): Canada Australia U.S. Total Quarter ended March 31, 2020 Goodwill $ 93,606 $ — $ — $ 93,606 Long-lived assets 38,075 — 12,439 50,514 Total $ 131,681 $ — $ 12,439 $ 144,120

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 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): 2022 2021 2020 Numerator: Net income (loss) attributable to Civeo common shareholders $ 2,226 $ (575) $ (136,137) Less: premium paid for repurchase of preferred shares (5,189) — — Less: income allocated to participating securities — — — Basic net loss attributable to Civeo Corporation common shareholders $ (2,963) $ (575) $ (136,137) Add: undistributed income attributable to participating securities — — — Less: undistributed income reallocated to participating securities — — — Diluted net loss attributable to Civeo Corporation common shareholders $ (2,963) $ (575) $ (136,137) Denominator: Weighted average shares outstanding - basic 14,002 14,232 14,129 Dilutive shares - share based awards — — — Weighted average shares outstanding - diluted 14,002 14,232 14,129 Basic net loss per share attributable to Civeo Corporation common shareholders (1) $ (0.21) $ (0.04) $ (9.64) Diluted net loss per share attributable to Civeo Corporation common shareholders (1) $ (0.21) $ (0.04) $ (9.64)
Shares Excluded From Weighted-Average Common Shares Outstanding, Anti-Dilutive	The following common share equivalents have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented (in millions of shares): 2022 2021 2020 Share-based awards 0.2 0.2 0.4 Preferred shares 2,240 2,461 2,412

DETAILS OF SELECTED BALANCE S_2

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS (Tables)	12 Months Ended
	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Additional information regarding selected balance sheet accounts at December 31, 2022 and 2021 is presented below (in thousands): December 31, 2022 December 31, 2021 Accounts receivable, net: Trade $ 65,563 $ 75,740 Unbilled revenue 52,547 38,508 Other 1,944 972 Total accounts receivable 120,054 115,220 Allowance for credit losses (299) (361) Total accounts receivable, net $ 119,755 $ 114,859
Schedule of Inventory, Current	December 31, 2022 December 31, 2021 Inventories: Finished goods and purchased products $ 5,538 $ 5,346 Work in process — 25 Raw materials 1,369 1,097 Total inventories $ 6,907 $ 6,468
Property, Plant and Equipment	Estimated December 31, 2022 December 31, 2021 Property, plant and equipment, net: Land $ 25,528 $ 30,556 Accommodations assets 3-15 1,464,476 1,657,577 Buildings and leasehold improvements 7-20 15,516 24,335 Machinery and equipment 4-7 11,775 14,983 Office furniture and equipment 3-7 62,725 63,228 Vehicles 3-5 8,411 14,578 Construction in progress 1,771 2,063 Total property, plant and equipment 1,590,202 1,807,320 Accumulated depreciation (1,288,312) (1,417,324) Total property, plant and equipment, net $ 301,890 $ 389,996
Schedule of Accrued Liabilities	December 31, 2022 December 31, 2021 Accrued liabilities: Accrued compensation $ 34,358 $ 28,877 Accrued taxes, other than income taxes 2,873 2,944 Other 1,980 1,743 Total accrued liabilities $ 39,211 $ 33,564
Schedule of Deferred Revenue	December 31, 2022 December 31, 2021 Deferred revenue: Contract liabilities $ 991 $ 18,479

ASSETS HELD FOR SALE (Tables)

ASSETS HELD FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The following table summarizes the carrying amount as of December 31, 2022 and 2021 of the assets classified as held for sale (in thousands): December 31, 2022 December 31, 2021 Assets held for sale: Property, plant and equipment, net $ 8,653 $ 11,762 Total assets held for sale $ 8,653 $ 11,762

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Goodwill	Changes in the carrying amount of goodwill from December 31, 2020 to December 31, 2022 are as follows (in thousands): Canada Australia U.S. Total Goodwill as of December 31, 2020 $ — $ 8,729 $ — $ 8,729 Foreign currency translation — (525) — (525) Goodwill as of December 31, 2021 $ — $ 8,204 $ — $ 8,204 Foreign currency translation — (532) — (532) Goodwill as of December 31, 2022 $ — $ 7,672 $ — $ 7,672
Schedule of Amortization of Intangible Assets	The following table presents the total amount of other intangible assets and the related accumulated amortization for major intangible asset classes as of December 31, 2022 and 2021 (in thousands): December 31, December 31, 2022 2021 Gross Accumulated Gross Accumulated Amortizable Intangible Assets Customer relationships $ 40,656 $ (40,656) $ 42,752 $ (42,604) Trade name 3,324 (3,324) 3,554 (3,554) Contracts / agreements 149,356 (67,637) 159,051 (65,587) Total amortizable intangible assets $ 193,336 $ (111,617) $ 205,357 $ (111,745) Indefinite-Lived Intangible Assets Not Subject to Amortization Licenses 28 — 30 — Total indefinite-lived intangible assets 28 — 30 — Total intangible assets $ 193,364 $ (111,617) $ 205,387 $ (111,745)
Schedule of Remaining Amortization of Finite-Lived Intangible Assets	As of December 31, 2022, the estimated remaining amortization of our amortizable intangible assets was as follows (in thousands): Year Ending 2023 $ 5,494 2024 5,494 2025 5,494 2026 5,494 2027 5,494 Thereafter 54,249 Total $ 81,719

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Supplemental balance sheet information	Supplemental balance sheet information related to leases were as follows (in thousands): December 31, 2022 December 31, 2021 Operating leases Operating lease right-of-use assets $ 15,722 $ 18,327 Other current liabilities $ 3,792 $ 4,244 Operating lease liabilities 12,771 15,429 Total operating lease liabilities $ 16,563 $ 19,673 Weighted average remaining lease term Operating leases 4.8 years 5.1 years Weighted average discount rate Operating leases 5.4 % 5.1 %
Operating lease maturity schedule	Maturities of operating lease liabilities at December 31, 2022, were as follows (in thousands): Year Ending 2023 $ 4,771 2024 4,358 2025 3,381 2026 2,734 2027 2,551 Thereafter 1,751 Total lease payments 19,546 Less imputed interest 2,983 Total $ 16,563

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	As of December 31, 2022 and 2021, long-term debt consisted of the following (in thousands): December 31, 2022 December 31, 2021 Canadian term loan; weighted average interest rate of 5.4% for the twelve-month period ended December 31, 2022 $ 29,532 $ 63,104 U.S. revolving credit facility; weighted average interest rate of 6.9% for the twelve-month period ended December 31, 2022 — — Canadian revolving credit facility; weighted average interest rate of 5.6% for the twelve-month period ended December 31, 2022 101,147 111,300 Australian revolving credit facility; weighted average interest rate of 4.3% for the twelve-month period ended December 31, 2022 1,358 726 132,037 175,130 Less: Unamortized debt issuance costs 1,084 1,952 Total debt 130,953 173,178 Less: Current portion of long-term debt, including unamortized debt issuance costs, net 28,448 30,576 Long-term debt, less current maturities $ 102,505 $ 142,602
Schedule of Maturities of Long-term Debt	Scheduled maturities of long-term debt as of December 31, 2022 are as follows (in thousands): Year Ending 2023 $ 29,532 2024 — 2025 102,505 $ 132,037

ASSET RETIREMENT OBLIGATIONS (T

ASSET RETIREMENT OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Asset Retirement Obligation Disclosure [Abstract]
Schedule of Asset Retirement Obligations	AROs at December 31, 2022 and 2021 were (in thousands): 2022 2021 Asset retirement obligations $ 18,113 $ 13,745 Less: Asset retirement obligations due within one year (1) 4,550 564 Long-term asset retirement obligations $ 13,563 $ 13,181 (1) Classified as a current liability on the consolidated balance sheets, under the caption “Other current liabilities.” Balance at December 31, 2022 related to remediation work planned for 2023.
Schedule of Change in Asset Retirement Obligation	During the years ended December 31, 2022, 2021 and 2020, our ARO changed as follows (in thousands): 2022 2021 2020 Balance as of January 1 $ 13,745 $ 14,993 $ 18,796 Accretion of discount 1,830 1,429 1,526 Change in estimates of existing obligations 4,138 (763) (3,961) Settlement of obligations (455) (1,943) (1,771) Foreign currency translation (1,145) 29 403 Balance as of December 31 $ 18,113 $ 13,745 $ 14,993

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	Income tax expense ( benefit). Pre-tax income (loss) for the years ended December 31, 2022, 2021 and 2020 consisted of the following (in thousands): 2022 2021 2020 Canada operations $ 3,040 $ 2,498 $ (137,239) Foreign operations 7,692 3,375 (6,176) Total $ 10,732 $ 5,873 $ (143,415)
Schedule of Components of Income Tax Expense (Benefit)	The components of the income tax expense (benefit) for the years ended December 31, 2022, 2021 and 2020 consisted of the following (in thousands): 2022 2021 2020 Current: Canada $ 31 $ 141 $ 391 Foreign 194 165 96 Total $ 225 $ 306 $ 487 Deferred: Canada $ — $ — $ (8,941) Foreign 4,177 3,070 (2,181) Total $ 4,177 $ 3,070 $ (11,122) Net income tax expense (benefit) $ 4,402 $ 3,376 $ (10,635)
Schedule of Effective Income Tax Rate Reconciliation	The net income tax expense (benefit) differs from an amount computed at Canadian statutory rates as follows for the years ended December 31, 2022, 2021 and 2020 (in thousands): 2022 2021 2020 Canadian federal tax benefit at statutory rates $ 1,610 15.0 % $ 779 13.3 % $ (21,512) 15.0 % Canadian provincial income tax 282 2.6 % 215 3.7 % (12,718) 8.9 % Effect of foreign income tax, net 1,809 16.9 % 1,189 20.2 % 1,241 (0.9) % Valuation allowance 153 1.4 % 1,028 17.5 % (1,355) 0.9 % Noncontrolling interest (562) (5.2) % — — % — — % Non-deductible goodwill impairment — — % — — % 22,984 (16.0) % Non-deductible compensation 808 7.5 % 526 9.0 % 310 (0.2) % Unrealized intercompany foreign currency translation gain (250) (2.3) % (708) (12.1) % 991 (0.7) % Non-taxable Noralta representations and warranties claim — — % — — % (1,132) 0.8 % Deemed income from foreign subsidiaries 331 3.1 % 297 5.1 % 240 (0.2) % Other, net 221 2.0 % 50 0.8 % 316 (0.2) % Net income tax expense (benefit) $ 4,402 41.0 % $ 3,376 57.5 % $ (10,635) 7.4 %
Schedule of Deferred Tax Assets and Liabilities	Deferred Tax Liabilities and Assets. The significant items giving rise to the deferred tax assets and liabilities as of December 31, 2022 and 2021 are as follows (in thousands): 2022 2021 Deferred tax assets: Net operating loss $ 75,326 $ 93,512 Employee benefits 2,810 2,546 Deductible goodwill and other intangibles 48,432 51,977 Land 3,159 3,879 Other reserves 7,439 6,202 Operating lease liabilities 4,133 4,862 Capital losses 1,930 1,363 Other 2,303 1,636 Deferred tax assets 145,532 165,977 Valuation allowance (82,905) (85,351) Deferred tax assets, net $ 62,627 $ 80,626 Deferred tax liabilities: Intangibles $ (20,098) $ (22,752) Depreciation (43,394) (54,254) Operating lease right-of-use assets (3,913) (4,516) Deferred tax liabilities (67,405) (81,522) Net deferred tax liabilities, net $ (4,778) $ (896)
Summary Of Operating Loss and Tax Credit Carry forwards	NOL Carryforwards. The following table summarizes net operating loss (NOL) carryforwards at December 31, 2022 (in thousands): Amount Expiration Period Net operating loss carryforwards: Canada – Federal and provincial $ 161,312 Begins to expire in 2035 Australia 52,650 Does not expire U.S. – Federal 36,030 Begins to expire in 2036 U.S. – Federal 30,782 Does not expire U.S. – State, tax effected 6,319 Begins to expire in 2023
Summary of Valuation Allowance	Changes in our valuation allowance for the years ended December 31, 2022 and 2021 are as follows (in thousands): Balance as of December 31, 2020 $ (88,251) Change in income tax provision (1,028) Other change 656 Foreign currency translation 3,272 Balance as of December 31, 2021 (85,351) Change in income tax provision (153) Other change (1,178) Foreign currency translation 3,777 Balance as of December 31, 2022 $ (82,905)

PREFERRED SHARES (Tables)

PREFERRED SHARES (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Preferred Dividends	During the years ended December 31, 2022, 2021 and 2020, we recognized preferred dividends on the Series A preferred shares as follows (in thousands): 2022 2021 2020 In-kind dividends $ 1,706 $ 1,925 $ 1,887 Cash dividend on repurchased preferred shares 65 — — Total preferred dividends $ 1,771 $ 1,925 $ 1,887

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-based Compensation, Stock Options, Activity	No options were awarded in 2022, 2021 or 2020. The following table presents the changes in stock options outstanding and related information for our employees during the years ended December 31, 2022, 2021 and 2020: Options Weighted Weighted Intrinsic Outstanding Options at December 31, 2019 12,143 $ 215.59 2.3 $ — Forfeited / Expired (1,817) 197.16 Outstanding Options at December 31, 2020 10,326 $ 218.83 1.4 $ — Forfeited / Expired (8,414) 216.78 Outstanding Options at December 31, 2021 1,912 $ 227.85 1.2 $ — Forfeited / Expired (382) 221.16 Outstanding Options at December 31, 2022 1,530 $ 229.52 0.3 $ — Exercisable Options at December 31, 2020 10,326 $ 218.83 1.4 $ — Exercisable Options at December 31, 2021 1,912 $ 227.85 1.2 $ — Exercisable Options at December 31, 2022 1,530 $ 229.52 0.3 $ —
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range	The following table summarizes information for outstanding options of our employees at December 31, 2022: Options Outstanding Options Exercisable Range of Exercise Number Weighted Weighted Number Weighted $209.76 956 0.1 $ 209.76 956 $ 209.76 $262.44 574 0.6 $ 262.44 574 $ 262.44 $209.76 - 262.44 1,530 0.3 $ 229.52 1,530 $ 229.52
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity	The following table presents the changes in restricted share awards, restricted share units and deferred share awards outstanding and related information for our employees and non-employee directors during the years ended December 31, 2022, 2021 and 2020: Number of Weighted Nonvested shares at December 31, 2019 306,796 $ 34.31 Granted 1,906 4.95 Vested (186,551) 33.78 Forfeited (17,060) 35.26 Nonvested shares at December 31, 2020 105,091 $ 34.56 Granted 59,027 17.58 Vested (77,304) 35.76 Forfeited (1,957) 30.36 Nonvested shares at December 31, 2021 84,857 $ 21.76 Granted 40,465 25.64 Vested (86,290) 21.83 Nonvested shares at December 31, 2022 39,032 25.62
Schedule of Nonvested Share Activity	The following table presents the changes in phantom share awards outstanding and related information for our employees during the years ended December 31, 2022, 2021 and 2020: Number of Awards Nonvested shares at December 31, 2019 134,128 Granted 413,569 Vested (55,977) Forfeited (33,545) Nonvested shares at December 31, 2020 458,175 Granted 351,853 Vested (163,499) Forfeited (27,081) Nonvested shares at December 31, 2021 619,448 Granted 332,608 Vested (269,488) Forfeited (27,558) Nonvested shares at December 31, 2022 655,010
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions	2022 2021 Risk-free weighted interest rate 1.7 % 0.2 % Expected volatility 78.0 % 83.0 % Initial TSR 14.1 % 27.1 %
Share-based Compensation, Performance Shares Award Nonvested Activity	The following table presents the changes in performance share awards outstanding and related information for our employees during the year ended December 31, 2022, 2021 and 2020: Number of Weighted Nonvested shares at December 31, 2019 232,256 $ 55.27 Granted — — Performance adjustment (1) 47,101 — Vested (109,904) 62.40 Forfeited (17,141) 50.56 Nonvested shares at December 31, 2020 152,312 $ 52.86 Granted 129,754 26.86 Performance adjustment (2) 28,466 — Vested (93,922) 63.60 Forfeited (1,296) 44.76 Nonvested shares at December 31, 2021 215,314 $ 33.97 Granted 122,555 27.69 Performance adjustment (3) 22,235 — Vested (107,795) 44.76 Forfeited — — Nonvested shares at December 31, 2022 252,309 $ 29.81 (1) Related to 2017 performance share awards that vested in 2020, which were paid out at 175% based on Civeo's TSR rank. (2) Related to 2018 performance share awards that vested in 2021, which were paid out at 150% based on Civeo's TSR rank. (3) Related to 2019 performance share awards that vested in 2022, which were paid out at 126% based on Civeo's TSR rank.

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Cash paid during the years ended December 31, 2022, 2021 and 2020 for interest and income taxes was as follows (in thousands): 2022 2021 2020 Interest (net of amounts capitalized) $ 9,226 $ 9,991 $ 12,597 Net income taxes paid, net of refunds received 220 334 600

SEGMENT AND RELATED INFORMATI_2

SEGMENT AND RELATED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Financial information by business segment for each of the three years ended December 31, 2022, 2021 and 2020 is summarized in the following table (in thousands): Total Depreciation and amortization Operating (loss) income Capital expenditures Total assets 2022 Canada $ 395,997 $ 55,503 $ 17,023 $ 11,588 $ 726,640 Australia 278,252 30,521 14,731 12,757 198,795 U.S. 22,803 1,148 (8,330) 1,015 10,465 Corporate and eliminations — 42 (6,406) 61 (369,716) Total $ 697,052 $ 87,214 $ 17,018 $ 25,421 $ 566,184 2021 Canada $ 321,378 $ 47,253 $ 12,816 $ 6,747 $ 764,519 Australia 251,074 33,110 7,303 6,823 226,318 U.S. 22,011 2,060 (8,869) 1,484 22,595 Corporate and eliminations — 678 (5,198) 517 (340,698) Total $ 594,463 $ 83,101 $ 6,052 $ 15,571 $ 672,734 2020 Canada $ 269,649 $ 52,009 $ (146,435) $ 2,201 $ 720,482 Australia 234,542 40,747 27,804 5,470 281,180 U.S. 25,538 3,240 (23,151) 1,557 26,801 Corporate and eliminations — 551 (5,406) 855 (287,610) Total $ 529,729 $ 96,547 $ (147,188) $ 10,083 $ 740,853
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	Financial information by geographic segment as of and for each of the three years ended December 31, 2022, 2021 and 2020, is summarized below (in thousands). Revenues in the U.S. include export sales. Revenues are attributable to countries based on the location of the entity selling the products or performing the services. Long-lived assets are attributable to countries based on the physical location of the entity and its operating assets and do not include intercompany balances. Canada Australia U.S. and Total 2022 Revenues from unaffiliated customers $ 395,997 $ 278,252 $ 22,803 $ 697,052 Long-lived assets 263,112 144,489 5,034 412,635 2021 Revenues from unaffiliated customers $ 321,378 $ 251,074 $ 22,011 $ 594,463 Long-lived assets 325,160 177,607 12,774 515,541 2020 Revenues from unaffiliated customers $ 269,649 $ 234,542 $ 25,538 $ 529,729 Long-lived assets 368,636 229,629 23,375 621,640

VALUATION ACCOUNTS (Tables)

VALUATION ACCOUNTS (Tables)	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts	Activity in the valuation accounts was as follows (in thousands): Balance at Charged (Reduction) to Deductions Translation Balance Year Ended December 31, 2022: Allowance for credit losses on accounts receivable $ 361 $ 115 $ (162) $ (15) $ 299 Valuation allowance for deferred tax assets 85,351 153 1,178 (3,777) 82,905 Year Ended December 31, 2021: Allowance for credit losses on accounts receivable $ 275 $ 131 $ (30) $ (15) $ 361 Valuation allowance for deferred tax assets 88,251 1,028 (656) (3,272) 85,351 Year Ended December 31, 2020: Allowance for credit losses on accounts receivable $ 253 $ 46 $ (44) $ 20 $ 275 Valuation allowance for deferred tax assets 84,503 (1,355) (1,663) 6,766 88,251

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 segment shares	Dec. 31, 2021 shares	Nov. 19, 2020 $ / shares shares	Nov. 18, 2020 $ / shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments | segment	3
Common stock, shares issued (in shares)	15,584,176	14,431,819	14,215,169
Common stock, shares outstanding (in shares)	15,217,501	14,111,221	14,215,169
Share price (in dollars per share) | $ / shares			$ 39.60	$ 3.30

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill	$ 7,672,000	$ 8,204,000	$ 8,729,000
Foreign currency losses	(100,000)	(300,000)	(500,000)
Maximum amount of future payments under guarantee arrangements	2,000,000
Canada
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill	0	0	0	$ 0
Australia
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill	$ 7,672,000	$ 8,204,000	$ 8,729,000
Percentage of fair value in excess of carrying amount				125%
Sales Revenue, Net | Imperial Oil | Customer Concentration Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk percentage	10%	10%
Sales Revenue, Net | Fort Hills Energy LP | Customer Concentration Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk percentage	10%	10%
Sales Revenue, Net | Suncor Energy | Customer Concentration Risk
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Concentration risk percentage	10%
Civeo Plan | Performance Shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of participant target performance share award	126%	150%	175%
Minimum | Civeo Plan | Performance Shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of participant target performance share award	0%	0%
Maximum | Civeo Plan | Performance Shares
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of participant target performance share award	200%	200%
Measurement Input, Long-term Revenue Growth Rate
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Measurement inputs used to calculate goodwill impairment	2%

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Disaggregation of Revenue [Line Items]
Number of reportable segments | segment	3
Total revenues	$ 697,052	$ 594,463	$ 529,729
Canada
Disaggregation of Revenue [Line Items]
Total revenues	395,997	321,378	269,649
Australia
Disaggregation of Revenue [Line Items]
Total revenues	278,252	251,074	234,542
U.S.
Disaggregation of Revenue [Line Items]
Total revenues	22,803	22,011	25,538
Accommodation revenues | Canada
Disaggregation of Revenue [Line Items]
Total revenues	279,455	239,526	202,534
Accommodation revenues | Australia
Disaggregation of Revenue [Line Items]
Total revenues	152,714	145,335	144,070
Accommodation revenues | U.S.
Disaggregation of Revenue [Line Items]
Total revenues	3,058	5,437	2,451
Mobile facility rental revenues | Canada
Disaggregation of Revenue [Line Items]
Total revenues	96,400	62,856	33,192
Mobile facility rental revenues | U.S.
Disaggregation of Revenue [Line Items]
Total revenues	18,367	14,486	16,837
Food service and other services revenues | Canada
Disaggregation of Revenue [Line Items]
Total revenues	20,142	18,996	33,923
Food service and other services revenues | Australia
Disaggregation of Revenue [Line Items]
Total revenues	125,538	105,739	90,472
Food service and other services revenues | U.S.
Disaggregation of Revenue [Line Items]
Total revenues	90	50	50
Manufacturing revenues | U.S.
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,288	$ 2,038	$ 6,200

REVENUE - Remaining Expected Pe

REVENUE - Remaining Expected Performance Obligation (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of December 31, 2022	$ 523,569
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 December 31, 2022	$ 122,033
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 December 31, 2022	$ 82,582
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 December 31, 2022	$ 55,386
Revenue expected to be recognized, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized as of December 31, 2022	$ 263,568
Revenue expected to be recognized, period

IMPAIRMENT CHARGES - Summary of

IMPAIRMENT CHARGES - Summary of Pre-tax Impairment Charges Included in Impairment Expense (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill			$ 93,606
Long-lived assets		$ 7,935	50,514	$ 5,721
Total		7,935	144,120	5,721	$ 7,935	$ 144,120
Canada
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill			93,606
Long-lived assets		0	38,075	0
Total		0	131,681	0
Australia
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill			0
Long-lived assets	$ 3,800	7,935	0	3,808
Total		7,935	0	3,808
U.S.
Impaired Long-Lived Assets Held and Used [Line Items]
Goodwill			0
Long-lived assets		0	12,439	1,913
Total		$ 0	$ 12,439	$ 1,913

IMPAIRMENT CHARGES - Narrative

IMPAIRMENT CHARGES - Narrative (Details) - USD ($)	3 Months Ended			12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Impaired Long-Lived Assets Held and Used [Line Items]
Long-lived assets		$ 7,935,000	$ 50,514,000	$ 5,721,000
Property, plant and equipment, net	$ 301,890,000			301,890,000	$ 389,996,000
Goodwill	7,672,000			7,672,000	8,204,000	$ 8,729,000
Canada
Impaired Long-Lived Assets Held and Used [Line Items]
Long-lived assets		0	38,075,000	0
Property, plant and equipment, net			43,500,000
Goodwill	0		0	0	0	0
Canada | Canada
Impaired Long-Lived Assets Held and Used [Line Items]
Long-lived assets			93,600,000
U.S.
Impaired Long-Lived Assets Held and Used [Line Items]
Long-lived assets		0	12,439,000	1,913,000
Property, plant and equipment, net	7,700,000		12,500,000	7,700,000
Goodwill	0			0	0	0
Australia
Impaired Long-Lived Assets Held and Used [Line Items]
Long-lived assets	3,800,000	7,935,000	$ 0	3,808,000
Property, plant and equipment, net	1,800,000	$ 2,400,000		1,800,000
Goodwill	$ 7,672,000			$ 7,672,000	$ 8,204,000	$ 8,729,000

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details) - Measurement Input, Discount Rate	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2022
Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill impairment discount rate	10.50%
Long-lived asset impairment, measurement input		11%
Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Goodwill impairment discount rate	14%
Long-lived asset impairment, measurement input		14%

EARNINGS PER SHARE - Calculatio

EARNINGS PER SHARE - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income (loss) attributable to Civeo common shareholders	$ 2,226	$ (575)	$ (136,137)
Less: premium paid for repurchase of preferred shares	(5,189)	0	0
Less: income allocated to participating securities	0	0	0
Basic net loss attributable to Civeo Corporation common shareholders	(2,963)	(575)	(136,137)
Add: undistributed income attributable to participating securities	0	0	0
Less: undistributed income reallocated to participating securities	0	0	0
Diluted net loss attributable to Civeo Corporation common shareholders	$ (2,963)	$ (575)	$ (136,137)
Denominator:
Weighted average shares outstanding - basic (in shares)	14,002	14,232	14,129
Dilutive shares - share based awards (in shares)	0	0	0
Weighted average common shares outstanding - diluted (in shares)	14,002	14,232	14,129
Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ (0.21)	$ (0.04)	$ (9.64)
Diluted net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)	$ (0.21)	$ (0.04)	$ (9.64)

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Anti-Dilutive Shares (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	200	200	400
Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	2,240	2,461	2,412

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Repurchases of preferred shares		$ 30,553	$ 0	$ 0
Net income (loss) attributable to redemption of preferred shares		5,189	$ 0	$ 0
Noralta | Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock repurchased during period, shares (in shares)	3,617
Repurchases of preferred shares	$ 30,600
Net income (loss) attributable to redemption of preferred shares		$ 5,200

DETAILS OF SELECTED BALANCE S_3

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts receivable, net:
Total accounts receivable	$ 120,054	$ 115,220
Allowance for credit losses	(299)	(361)
Total accounts receivable, net	119,755	114,859
Trade
Accounts receivable, net:
Total accounts receivable	65,563	75,740
Unbilled revenue
Accounts receivable, net:
Total accounts receivable	52,547	38,508
Other
Accounts receivable, net:
Total accounts receivable	$ 1,944	$ 972

DETAILS OF SELECTED BALANCE S_4

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventories:
Finished goods and purchased products	$ 5,538	$ 5,346
Work in process	0	25
Raw materials	1,369	1,097
Total inventories	$ 6,907	$ 6,468

DETAILS OF SELECTED BALANCE S_5

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	$ 1,590,202	$ 1,807,320
Accumulated depreciation	(1,288,312)	(1,417,324)
Total property, plant and equipment, net	301,890	389,996
Land
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	25,528	30,556
Accommodations assets
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	$ 1,464,476	1,657,577
Accommodations assets   | Minimum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	3 years
Accommodations assets   | Maximum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	15 years
Buildings and leasehold improvements
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	$ 15,516	24,335
Buildings and leasehold improvements | Minimum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	7 years
Buildings and leasehold improvements | Maximum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	20 years
Machinery and equipment
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	$ 11,775	14,983
Machinery and equipment | Minimum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	4 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	7 years
Office furniture and equipment
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	$ 62,725	63,228
Office furniture and equipment | Minimum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	3 years
Office furniture and equipment | Maximum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	7 years
Vehicles
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	$ 8,411	14,578
Vehicles | Minimum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	3 years
Vehicles | Maximum
Property, Plant and Equipment [Abstract]
Estimated Useful Life  (in years)	5 years
Construction in progress
Property, Plant and Equipment [Abstract]
Total property, plant and equipment	$ 1,771	$ 2,063

DETAILS OF SELECTED BALANCE S_6

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued liabilities:
Accrued compensation	$ 34,358	$ 28,877
Accrued taxes, other than income taxes	2,873	2,944
Other	1,980	1,743
Total accrued liabilities	$ 39,211	$ 33,564

DETAILS OF SELECTED BALANCE S_7

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS - Deferred Revenue (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred revenue:
Contract liabilities	$ 991	$ 18,479

ASSETS HELD FOR SALE - Carrying

ASSETS HELD FOR SALE - Carrying Amount of Assets Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets held for sale:
Property, plant and equipment, net	$ 8,653	$ 11,762
Total assets held for sale	$ 8,653	$ 11,762

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill Rollfoward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 8,204	$ 8,729
Foreign currency translation	(532)	(525)
Goodwill, ending balance	7,672	8,204
Canada
Goodwill [Roll Forward]
Goodwill, beginning balance	0	0
Foreign currency translation	0	0
Goodwill, ending balance	0	0
Australia
Goodwill [Roll Forward]
Goodwill, beginning balance	8,204	8,729
Foreign currency translation	(532)	(525)
Goodwill, ending balance	7,672	8,204
U.S.
Goodwill [Roll Forward]
Goodwill, beginning balance	0	0
Foreign currency translation	0	0
Goodwill, ending balance	$ 0	$ 0

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 193,336	$ 205,357
Accumulated Amortization	(111,617)	(111,745)
Indefinite-Lived Intangible Assets Not Subject to Amortization	28	30
Total intangible assets	193,364	205,387
Licenses
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets Not Subject to Amortization	28	30
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	40,656	42,752
Accumulated Amortization	(40,656)	(42,604)
Trade name
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,324	3,554
Accumulated Amortization	(3,324)	(3,554)
Contracts / agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	149,356	159,051
Accumulated Amortization	$ (67,637)	$ (65,587)

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Weighted average remaining amortization period (in years)	15 years	16 years
Amortization expense	$ 5.9	$ 6	$ 14.1

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - Amortization Schedule (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 5,494
2024	5,494
2025	5,494
2026	5,494
2027	5,494
Thereafter	54,249
Total	$ 81,719

LEASES - Narrative (Details)

LEASES - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Number of reportable segments | segment	3
Options to extend operating leases	10 years
Options to terminate leases	90 days
Operating lease expense	$ 5	$ 5.9	$ 6.8
Cash payment for leases	5.3
Right-of-use asset obtained in exchange for new lease obligation	$ 2.3
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	8 years

LEASES - Operating Leases Suppl

LEASES - Operating Leases Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating leases
Operating lease right-of-use assets	$ 15,722	$ 18,327
Liabilities [Abstract]
Operating lease, liability, current, statement of financial position	Other current liabilities	Other current liabilities
Other current liabilities	$ 3,792	$ 4,244
Operating lease liabilities	12,771	15,429
Total operating lease liabilities	$ 16,563	$ 19,673
Weighted average remaining lease term, operating leases	4 years 9 months 18 days	5 years 1 month 6 days
Weighted average discount rate, operating leases	5.40%	5.10%

LEASES - Maturities of Lease Li

LEASES - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 4,771
2024	4,358
2025	3,381
2026	2,734
2027	2,551
Thereafter	1,751
Total lease payments	19,546
Less imputed interest	2,983
Total	$ 16,563	$ 19,673

DEBT - Long-term Debt (Details)

DEBT - Long-term Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt, gross	$ 132,037	$ 175,130
Less: Unamortized debt issuance costs	1,084	1,952
Total debt	130,953	173,178
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	28,448	30,576
Long-term debt, less current maturities	$ 102,505	142,602
Canadian Term Loan
Debt Instrument [Line Items]
Term loan, weighted-average interest rate	5.40%
Canadian term loan	$ 29,532	63,104
US Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate on line of credit facility	6.90%
Revolving credit facilities	$ 0	0
Canadian Credit Facility
Debt Instrument [Line Items]
Interest rate on line of credit facility	5.60%
Revolving credit facilities	$ 101,147	111,300
Australian Credit Facility
Debt Instrument [Line Items]
Interest rate on line of credit facility	4.30%
Revolving credit facilities	$ 1,358	$ 726

DEBT - Long-term Debt Maturitie

DEBT - Long-term Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Maturities of Long-Term Debt [Abstract]
2023	$ 29,532
2024	0
2025	102,505
Debt, gross	$ 132,037	$ 175,130

DEBT - Credit Agreement (Detail

DEBT - Credit Agreement (Details) $ in Thousands, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) lender	Dec. 31, 2022 AUD ($) lender	Dec. 31, 2021 USD ($)	Sep. 08, 2021 USD ($)	Sep. 08, 2021 CAD ($)
Debt Instrument [Line Items]
Interest coverage ratio	3
Maximum leverage ratio	3.50
Maximum senior secured ratio	2
Long-term debt	$ 130,953		$ 173,178
Maximum Net Leverage Ratio	3
Credit Agreement
Debt Instrument [Line Items]
Number of lenders | lender	7	7
Credit Agreement | Minimum
Debt Instrument [Line Items]
Lender commitments	$ 22,500
Credit Agreement | Maximum
Debt Instrument [Line Items]
Lender commitments	52,000
Revolving Credit Facility | Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity	200,000
Revolving Credit Facility | Credit Agreement | US Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount					$ 100
Revolving Credit Facility, U.S. Subsidiaries | Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity				$ 10,000
Letters of credit outstanding	300
Revolving Credit Facility, Canadian Subsidiaries | Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity				155,000
Letters of credit outstanding	0
Revolving Credit Facility, Australian Subsidiaries | Credit Agreement
Debt Instrument [Line Items]
Revolving credit facility, maximum borrowing capacity				$ 35,000
Letters of credit outstanding	$ 1,100
Bank Guarantee Facility
Debt Instrument [Line Items]
Long-term debt		$ 0.8
London Interbank Offered Rate (LIBOR) | Line of Credit | Minimum | United States of America, Dollars
Debt Instrument [Line Items]
Interest rate spread	3%
London Interbank Offered Rate (LIBOR) | Line of Credit | Maximum | United States of America, Dollars
Debt Instrument [Line Items]
Interest rate spread	4%
Base Rate | Line of Credit | Minimum | United States of America, Dollars
Debt Instrument [Line Items]
Interest rate spread	2%
Base Rate | Line of Credit | Minimum | Canada, Dollars
Debt Instrument [Line Items]
Interest rate spread	2%
Base Rate | Line of Credit | Maximum | United States of America, Dollars
Debt Instrument [Line Items]
Interest rate spread	3%
Base Rate | Line of Credit | Maximum | Canada, Dollars
Debt Instrument [Line Items]
Interest rate spread	3%
Canadian Dealer Offered Rate (CDOR) | Line of Credit | Minimum | Canada, Dollars
Debt Instrument [Line Items]
Interest rate spread	3%
Canadian Dealer Offered Rate (CDOR) | Line of Credit | Maximum | Canada, Dollars
Debt Instrument [Line Items]
Interest rate spread	4%
Bank Bill Swap Bid Rate (BBSY) | Line of Credit | Minimum | Australia, Dollars
Debt Instrument [Line Items]
Interest rate spread	3%
Bank Bill Swap Bid Rate (BBSY) | Line of Credit | Maximum | Australia, Dollars
Debt Instrument [Line Items]
Interest rate spread	4%

ASSET RETIREMENT OBLIGATIONS -

ASSET RETIREMENT OBLIGATIONS - Asset Retirement Obligations (ARO) (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Asset Retirement Obligation Disclosure [Abstract]
Asset retirement obligations	$ 18,113	$ 13,745	$ 14,993	$ 18,796
Less: Asset retirement obligations due within one year	4,550	564
Long-term asset retirement obligations	$ 13,563	$ 13,181

ASSET RETIREMENT OBLIGATIONS _2

ASSET RETIREMENT OBLIGATIONS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Asset Retirement Obligation Disclosure [Abstract]
Accretion of discount	$ 1,830	$ 1,429	$ 1,526

ASSET RETIREMENT OBLIGATIONS _3

ASSET RETIREMENT OBLIGATIONS - Change in Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward]
Beginning balance	$ 13,745	$ 14,993	$ 18,796
Accretion of discount	1,830	1,429	1,526
Change in estimates of existing obligations	4,138	(763)	(3,961)
Settlement of obligations	(455)	(1,943)	(1,771)
Foreign currency translation	(1,145)	29	403
Ending balance	$ 18,113	$ 13,745	$ 14,993

RETIREMENT PLANS (Details)

RETIREMENT PLANS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Contribution Plan Disclosure [Line Items]
Recognized defined contribution plan expense	$ 8.2		$ 7.6	$ 6.8
Required years of service for vesting in employer contributions	2 years	2 years
Deferred Profit Sharing Plan
Defined Contribution Plan Disclosure [Line Items]
Percentage of contributed employee gross pay matched by employer	5%	5%
Maximum annual contributions per employee		$ 15,390
Group Registered Retirement Savings Plan
Defined Contribution Plan Disclosure [Line Items]
Percentage of contributed employee gross pay matched by employer	6%	6%
Maximum annual contributions per employee		$ 29,210
Australian Retirement Savings Plan
Defined Contribution Plan Disclosure [Line Items]
Percentage of contributed employee gross pay matched by employer	10.50%	10.50%
U.S. Retirement Savings Plan
Defined Contribution Plan Disclosure [Line Items]
Percentage of contributed employee gross pay matched by employer	6%	6%
U.S. Retirement Savings Plan | Minimum
Defined Contribution Plan Disclosure [Line Items]
Maximum annual percent of pay contributed by employee	1%	1%
U.S. Retirement Savings Plan | Maximum
Defined Contribution Plan Disclosure [Line Items]
Required years of service for vesting in employer contributions	3 years	3 years
Maximum annual percent of pay contributed by employee	75%	75%
U.S. Retirement Savings Plan | First 4% of employee pay contributed matched at 100%
Defined Contribution Plan Disclosure [Line Items]
Percentage of contributed employee gross pay matched by employer	4%	4%
Percent of employer matching contribution	100%	100%
U.S. Retirement Savings Plan | Next 2% of employee pay contributed matched at 50%
Defined Contribution Plan Disclosure [Line Items]
Percentage of contributed employee gross pay matched by employer	2%	2%
Percent of employer matching contribution	50%	50%
U.S. Retirement Savings Plan | 40% Vesting Rate
Defined Contribution Plan Disclosure [Line Items]
Annual vesting percentage	40%	40%
U.S. Retirement Savings Plan | 40% Vesting Rate | Minimum
Defined Contribution Plan Disclosure [Line Items]
Required years of service for vesting in employer contributions	2 years	2 years
U.S. Retirement Savings Plan | 20% Vesting Rate
Defined Contribution Plan Disclosure [Line Items]
Annual vesting percentage	20%	20%

INCOME TAXES - Consolidated Pre

INCOME TAXES - Consolidated Pre-tax Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Canada operations	$ 3,040	$ 2,498	$ (137,239)
Foreign operations	7,692	3,375	(6,176)
Income (loss) before income taxes	$ 10,732	$ 5,873	$ (143,415)

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current:
Canada	$ 31	$ 141	$ 391
Foreign	194	165	96
Total	225	306	487
Deferred:
Canada	0	0	(8,941)
Foreign	4,177	3,070	(2,181)
Total	4,177	3,070	(11,122)
Net income tax expense (benefit)	$ 4,402	$ 3,376	$ (10,635)

INCOME TAXES - Income Tax Rate

INCOME TAXES - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Canadian federal tax benefit at statutory rates	$ 1,610	$ 779	$ (21,512)
Canadian Federal tax benefit at statutory rates, percent	15%	13.30%	15%
Canadian provincial income tax	$ 282	$ 215	$ (12,718)
Canadian provincial income tax, percent	2.60%	3.70%	8.90%
Effect of foreign income tax, net	$ 1,809	$ 1,189	$ 1,241
Effect of foreign income tax, net, percent	16.90%	20.20%	(0.90%)
Valuation allowance	$ 153	$ 1,028	$ (1,355)
Valuation allowance - other, percent	1.40%	17.50%	0.90%
Noncontrolling interest	$ (562)	$ 0	$ 0
Noncontrolling interest, percent	(5.20%)	0%	0%
Non-deductible goodwill impairment	$ 0	$ 0	$ 22,984
Non-deductible goodwill impairment, percent	0%	0%	(16.00%)
Non-deductible compensation	$ 808	$ 526	$ 310
Nondeductible compensation - percent	7.50%	9%	(0.20%)
Unrealized intercompany foreign currency translation gain	$ (250)	$ (708)	$ 991
Unrealized intercompany unrealized foreign currency translation, percent	(2.30%)	(12.10%)	(0.70%)
Non-taxable Noralta representations and warranties claim	$ 0	$ 0	$ (1,132)
Non-taxable Noralta representations and warranties claim, percent	0	0	0.008
Deemed income from foreign subsidiaries	$ 331	$ 297	$ 240
Deemed income from foreign subsidiaries, percent	3.10%	5.10%	(0.20%)
Other, net	$ 221	$ 50	$ 316
Other, net, percent	2%	0.80%	(0.20%)
Net income tax expense (benefit)	$ 4,402	$ 3,376	$ (10,635)
Net income tax benefit, percent	41%	57.50%	7.40%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 0	$ 0	$ 0
Interest expense and penalties accrued	$ 0	$ 0	$ 0

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Net operating loss	$ 75,326	$ 93,512
Employee benefits	2,810	2,546
Deductible goodwill and other intangibles	48,432	51,977
Land	3,159	3,879
Other reserves	7,439	6,202
Operating lease liabilities	4,133	4,862
Capital losses	1,930	1,363
Other	2,303	1,636
Deferred tax assets	145,532	165,977
Valuation allowance	(82,905)	(85,351)
Deferred tax assets, net	62,627	80,626
Deferred tax liabilities:
Intangibles	(20,098)	(22,752)
Depreciation	(43,394)	(54,254)
Operating lease right-of-use assets	(3,913)	(4,516)
Deferred tax liabilities	(67,405)	(81,522)
Net deferred tax liabilities, net	$ (4,778)	$ (896)

INCOME TAXES - NOL and Tax Cred

INCOME TAXES - NOL and Tax Credit Carryforwards (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Foreign Tax Authority | Canada Revenue Agency
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 161,312
Foreign Tax Authority | Australian Taxation Office
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	52,650
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Net U.S. Federal operating loss carryforwards, subject to expiration	36,030
Net U.S. Federal Operating loss carryforwards, not subject to expiration	30,782
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 6,319

INCOME TAXES - Changes in Valua

INCOME TAXES - Changes in Valuation Allowance (Details) - Federal and State NOLs - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deferred Tax Assets, Changes in Valuation Allowance
Beginning balance	$ (85,351)	$ (88,251)
Change in income tax provision	(153)	(1,028)
Other change	(1,178)	656
Foreign currency translation	3,777	3,272
Ending balance	$ (82,905)	$ (85,351)

PREFERRED SHARES - Narrative (D

PREFERRED SHARES - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands					3 Months Ended	12 Months Ended
		Dec. 13, 2022	Oct. 30, 2022	Apr. 02, 2018	Dec. 31, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Repurchases of preferred shares						$ 30,553	$ 0	$ 0
Common shares converted from preferred shares (in shares)	[1]					1,505,000
Preferred stock, shares outstanding (in shares)						0	9,042
In-kind dividends						$ 1,706	$ 1,925	$ 1,887
Series A Preferred Stock
Class of Stock [Line Items]
Annual percentage dividend on liquidation preference				2%
Noralta | Preferred Shares
Class of Stock [Line Items]
Stock repurchased during period, shares (in shares)			3,617
Repurchases of preferred shares			$ 30,600
Dividends payable			$ 100
Conversion of stock, shares converted (in shares)		5,425
Common shares converted from preferred shares (in shares)		1,504,539
Noralta | Preferred Shares | Series A Preferred Stock
Class of Stock [Line Items]
Preferred shares issued (in shares)				9,679
Initial liquidation preference per share (in dollars per share)				$ 10,000
Escrow deposits, preferred shares released (in shares)					637
Preferred stock, shares outstanding (in shares)						0
[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 consolidated financial statements in Item 8 of this annual report for further discussion.

PREFERRED SHARES - Dividends (D

PREFERRED SHARES - Dividends (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
In-kind dividends	$ 1,706	$ 1,925	$ 1,887
Cash dividend on repurchased preferred shares	65	0	0
Cash dividend on repurchased preferred shares	$ 1,771	$ 1,925	$ 1,887

COMMON SHARE REPURCHASES (Detai

COMMON SHARE REPURCHASES (Details) - USD ($)	1 Months Ended		3 Months Ended	12 Months Ended
	Aug. 31, 2022	Aug. 31, 2021	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount, percentage		5%
Stock repurchase program, authorized amount (in shares)		$ 715,000
Stock repurchase program, purchase period	12 months	12 months
Stock repurchase program, number of shares authorized to be repurchased (in shares)	685,000
Treasury stock, shares, acquired and cancelled (in shares)				123,882
Treasury stock acquired, average cost (in dollars per share)				$ 28.54
Common shares repurchases				$ 14,209,000	$ 4,649,000
Share Repurchase Program, Tranche One
Equity, Class of Treasury Stock [Line Items]
Common shares repurchases				$ 3,500,000
Share Repurchase Program, Tranche Two
Equity, Class of Treasury Stock [Line Items]
Treasury stock acquired, average cost (in dollars per share)				$ 23.98
Common shares repurchases				$ 8,200,000
Treasury stock, shares, acquired (in shares)				341,061
Share Repurchase Program, Shareholder Repurchases
Equity, Class of Treasury Stock [Line Items]
Common shares repurchases			$ 10,700,000
Treasury stock, shares, acquired (in shares)			374,753

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS - Narrative (Details) $ in Thousands, $ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 AUD ($)	Dec. 31, 2021 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Increase in comprehensive loss due to foreign currency exchange rate fluctuations	$ 23,300
Accumulated other comprehensive loss	$ (385,187)			$ (361,883)
Foreign functional currency net assets		$ 189	$ 232

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) company $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of common shares authorized | shares	2,400,000
Allocated share-based compensation expense	$ 14,900,000	$ 9,900,000	$ 8,400,000
Income tax benefit for share based compensation arrangements	$ 800,000	$ 500,000	$ 500,000
Options to purchase common shares awarded | shares	0	0	0
Total intrinsic value of options exercised	$ 0
Tax benefits from options exercised	0	$ 0	$ 0
Peer group, number of companies | company		17
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised	$ 0	$ 0	$ 0
Restricted Stock and Deferred Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 25.64	$ 17.58	$ 4.95
Fair value of restricted share and deferred share awards vested	$ 2,100,000	$ 1,500,000	$ 2,600,000
Unrecognized compensation cost related to restricted share and deferred share awards	$ 400,000
Weighted average recognition period for unrecognized shares	4 months 24 days
Performance shares granted (in shares) | shares	40,465	59,027	1,906
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 21.97	$ 19.80	$ 15.84
Weighted average recognition period for unrecognized shares	1 year 8 months 12 days
Liability for phantom share awards	$ 9,500,000
Phantom share cash payments	6,000,000	$ 3,100,000	$ 900,000
Unrecognized compensation cost	$ 11,600,000
Phantom Share Units (PSUs) | Civeo Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance shares granted (in shares) | shares	332,608	351,853	413,569
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share-based compensation expense	$ 2,600,000	$ 2,400,000	$ 2,700,000
Weighted average recognition period for unrecognized shares	1 year 9 months 18 days
Unrecognized compensation cost	$ 4,000,000
Performance Shares | Civeo Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date fair value per share (in dollars per share) | $ / shares	$ 27.69	$ 26.86	$ 0
Vesting period	3 years
Percentage of participant target performance share award	126%	150%	175%
Performance shares granted (in shares) | shares	122,555	129,754	0
Performance Shares | Civeo Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of participant target performance share award	0%	0%
Performance Shares | Civeo Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of participant target performance share award	200%	200%

SHARE-BASED COMPENSATION - Stoc

SHARE-BASED COMPENSATION - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Options (in shares)
Outstanding, beginning of period	1,912	10,326	12,143
Forfeited / Expired	(382)	(8,414)	(1,817)
Outstanding, end of period	1,530	1,912	10,326	12,143
Exercisable options at end of period	1,530	1,912	10,326
Weighted Average Exercise Price Per Share
Outstanding, beginning of period (in dollars per share)	$ 227.85	$ 218.83	$ 215.59
Forfeited / Expired (in dollars per share)	221.16	216.78	197.16
Outstanding, end of period (in dollars per share)	229.52	227.85	218.83	$ 215.59
Exercisable at end of period (in dollars per share)	$ 229.52	$ 227.85	$ 218.83
Weighted Average Contractual Life (Years)
Outstanding, weighted average contractual life (in years)	3 months 18 days	1 year 2 months 12 days	1 year 4 months 24 days	2 years 3 months 18 days
Exercisable, weighted average contractual life (in years)	3 months 18 days	1 year 2 months 12 days	1 year 4 months 24 days
Intrinsic Value (Thousands)
Outstanding	$ 0	$ 0	$ 0	$ 0
Exercisable	$ 0	$ 0	$ 0

SHARE-BASED COMPENSATION - St_2

SHARE-BASED COMPENSATION - Stock Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Options Outstanding
Number Outstanding (in shares) | shares	1,530
Weighted Average Remaining Contractual Life (in years)	3 months 18 days
Weighted Average Exercise Price (in dollars per share)	$ 229.52
Options Exercisable
Number Outstanding (in shares) | shares	1,530
Weighted Average Exercise Price (in dollars per share)	$ 229.52
Lower range of exercise prices (in dollars per share)	209.76
Upper range of exercise prices (in dollars per share)	$ 262.44
$209.76
Options Outstanding
Number Outstanding (in shares) | shares	956
Weighted Average Remaining Contractual Life (in years)	1 month 6 days
Weighted Average Exercise Price (in dollars per share)	$ 209.76
Options Exercisable
Number Outstanding (in shares) | shares	956
Weighted Average Exercise Price (in dollars per share)	$ 209.76
$262.44
Options Outstanding
Number Outstanding (in shares) | shares	574
Weighted Average Remaining Contractual Life (in years)	7 months 6 days
Weighted Average Exercise Price (in dollars per share)	$ 262.44
Options Exercisable
Number Outstanding (in shares) | shares	574
Weighted Average Exercise Price (in dollars per share)	$ 262.44

SHARE-BASED COMPENSATION - Rest

SHARE-BASED COMPENSATION - Restricted Stock Awards and Deferred Stock Awards (Details) - Restricted Stock and Deferred Stock Awards - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Awards (in shares)
Nonvested shares at the beginning of period	84,857	105,091	306,796
Granted	40,465	59,027	1,906
Vested	(86,290)	(77,304)	(186,551)
Forfeited		(1,957)	(17,060)
Nonvested shares at the end of period	39,032	84,857	105,091
Weighted Average Grant Date Fair Value Per Share (in dollars per share)
Nonvested at beginning of period	$ 21.76	$ 34.56	$ 34.31
Granted	25.64	17.58	4.95
Vested	21.83	35.76	33.78
Forfeited		30.36	35.26
Nonvested at end of period	$ 25.62	$ 21.76	$ 34.56

SHARE-BASED COMPENSATION - Phan

SHARE-BASED COMPENSATION - Phantom Share Awards Activity (Details) - Civeo Plan - Phantom Share Units (PSUs) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested shares at the beginning of period	619,448	458,175	134,128
Granted	332,608	351,853	413,569
Vested	(269,488)	(163,499)	(55,977)
Forfeited	(27,558)	(27,081)	(33,545)
Nonvested shares at the end of period	655,010	619,448	458,175

SHARE-BASED COMPENSATION - Valu

SHARE-BASED COMPENSATION - Valuation Assumptions of Performance Share Awards (Details) - Civeo Plan - Performance Shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	78%	83%
Initial TSR	14.10%	27.10%
Weighted Average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free weighted interest rate	1.70%	0.20%

SHARE-BASED COMPENSATION - Perf

SHARE-BASED COMPENSATION - Performance Share Awards Activity (Details) - Performance Shares - Civeo Plan - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Number of Awards (in shares)
Nonvested shares at the beginning of period	215,314	152,312	232,256
Granted	122,555	129,754	0
Performance adjustment	22,235	28,466	47,101
Vested	(107,795)	(93,922)	(109,904)
Forfeited	0	(1,296)	(17,141)
Nonvested shares at the end of period	252,309	215,314	152,312
Weighted Average Grant Date Fair Value Per Share (in dollars per share)
Nonvested at beginning of period	$ 33.97	$ 52.86	$ 55.27
Granted	27.69	26.86	0
Performance adjustment	0	0	0
Vested	44.76	63.60	62.40
Forfeited	0	44.76	50.56
Nonvested at end of period	$ 29.81	$ 33.97	$ 52.86
Percentage of participant target performance share award	126%	150%	175%

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION - Cash Paid for Interest and Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information [Abstract]
Interest (net of amounts capitalized)	$ 9,226	$ 9,991	$ 12,597
Net income taxes paid, net of refunds received	$ 220	$ 334	$ 600

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) $ in Thousands, $ in Millions			3 Months Ended			12 Months Ended
	Apr. 02, 2018 USD ($) shares	Apr. 02, 2018 CAD ($) shares	Jun. 30, 2022 shares	Jun. 30, 2021 shares	Jun. 30, 2020 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Other income | $						$ 5,149	$ 13,199	$ 20,823
Noralta
Business Acquisition [Line Items]
Payments to acquire businesses	$ 161,200	$ 207.7
Cash from escrow to cover certain agreed upon indemnification claims | $					$ 5,000
Other income | $					$ 4,700
Stock Issued During Period, Shares, Treasury Stock Reissued			400,000	400,000
Noralta | Common Shares
Business Acquisition [Line Items]
Common shares issued (in shares)	2,700,000	2,700,000
Number of shares held in escrow (in shares)	1,100,000	1,100,000
Noralta | Preferred Shares | Series A Preferred Stock
Business Acquisition [Line Items]
Common shares issued (in shares)	9,679	9,679
Initial liquidation preference amount | $	$ 96,800
Number of shares issued upon conversion	2,400,000

SEGMENT AND RELATED INFORMATI_3

SEGMENT AND RELATED INFORMATION - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total Revenues	$ 697,052	$ 594,463	$ 529,729
Depreciation and amortization	87,214	83,101	96,547
Operating (loss) income	17,018	6,052	(147,188)
Capital expenditures	25,421	15,571	10,083
Total assets	566,184	672,734	740,853
Canada
Segment Reporting Information [Line Items]
Total Revenues	395,997	321,378	269,649
Australia
Segment Reporting Information [Line Items]
Total Revenues	278,252	251,074	234,542
U.S.
Segment Reporting Information [Line Items]
Total Revenues	22,803	22,011	25,538
Operating Segments | Canada
Segment Reporting Information [Line Items]
Total Revenues	395,997	321,378	269,649
Depreciation and amortization	55,503	47,253	52,009
Operating (loss) income	17,023	12,816	(146,435)
Capital expenditures	11,588	6,747	2,201
Total assets	726,640	764,519	720,482
Operating Segments | Australia
Segment Reporting Information [Line Items]
Total Revenues	278,252	251,074	234,542
Depreciation and amortization	30,521	33,110	40,747
Operating (loss) income	14,731	7,303	27,804
Capital expenditures	12,757	6,823	5,470
Total assets	198,795	226,318	281,180
Operating Segments | U.S.
Segment Reporting Information [Line Items]
Total Revenues	22,803	22,011	25,538
Depreciation and amortization	1,148	2,060	3,240
Operating (loss) income	(8,330)	(8,869)	(23,151)
Capital expenditures	1,015	1,484	1,557
Total assets	10,465	22,595	26,801
Corporate and eliminations | Corporate and eliminations
Segment Reporting Information [Line Items]
Total Revenues	0	0	0
Depreciation and amortization	42	678	551
Operating (loss) income	(6,406)	(5,198)	(5,406)
Capital expenditures	61	517	855
Total assets	$ (369,716)	$ (340,698)	$ (287,610)

SEGMENT AND RELATED INFORMATI_4

SEGMENT AND RELATED INFORMATION - Financial Information By Geographic Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	$ 697,052	$ 594,463	$ 529,729
Long-lived assets	412,635	515,541	621,640
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	395,997	321,378	269,649
Canada | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	395,997	321,378	269,649
Long-lived assets	263,112	325,160	368,636
Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	278,252	251,074	234,542
Australia | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	278,252	251,074	234,542
Long-lived assets	144,489	177,607	229,629
U.S. and Other | Operating Segments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	22,803	22,011	25,538
Long-lived assets	$ 5,034	$ 12,774	$ 23,375

VALUATION ACCOUNTS - Activity i

VALUATION ACCOUNTS - Activity in Valuation Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for credit losses on accounts receivable
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	$ 361	$ 275	$ 253
Charged (Reduction) to Costs and Expenses	115	131	46
Deductions (Net of Recoveries)	(162)	(30)	(44)
Translation and Other, Net	(15)	(15)	20
Balance at End of Period	299	361	275
Valuation allowance for deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Period	85,351	88,251	84,503
Charged (Reduction) to Costs and Expenses	153	1,028	(1,355)
Deductions (Net of Recoveries)	1,178	(656)	(1,663)
Translation and Other, Net	(3,777)	(3,272)	6,766
Balance at End of Period	$ 82,905	$ 85,351	$ 88,251