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Business Description and Basis of Presentation [Text Block]

1.	DESC R IPTION OF BUSINESS AND BASIS OF PRESENTATION

Description of the Business

We are

one

of the largest integrated providers of workforce accommodations, logistics and facility management services to the natural resource industry. Our scalable modular facilities provide long-term and temporary accommodations where traditional accom

modations and related infrastructure is insufficient, inaccessible or

not

cost effective. Once facilities are deployed in the field, we also provide catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and redeployment logistics. Our accommodations support our customers’ employees and contractors in the Canadian oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications as well as disaster relief efforts, primarily in Canada, Australia and the United States. We operate in

three

principal reportable business segments – Canada, Australia and U.S.

Noralta Acquisition

November 26, 2017,

we entered into a definitive agreement

to acquire Noralta Lodge Ltd. (Noralta). Under the terms of the agreement, we would acquire

100%

of Noralta's equity, on a cash-free, debt-free basis, subject to adjustment in accordance with the terms of the definitive agreement, for consideration comprising approximately:

•

C$210

million (or

US$167

million, based on an exchange rate of

$0.797

Canadian dollars to U.S. dollars as of

February 16, 2018)

in cash, which we intend to fund with cash on hand and borrowings under the Amended Credit Agreement;

•

32.8

million Civeo common shares issued to Noralta's equity holders; and

•

Non-voting convertible preferred equity issued to Noralta's equity holders with a

2.0%

dividend rate initially convertible into

29.3

million Civeo common shares.

This acquisition (the Noralta Acquisition), which we expect to close in the

second

quarter

2018,

will increase our capacity in Canada by

lodges, with over

5,700

owned rooms and

7,900

total rooms.

Completion of the Noralta Acquisition is subject to various closing conditions, including among others (i) receipt of Canadian regulatory approvals and other regulatory and

third

party consents and approvals; (ii) the absence of any injunction or order pr

ohibiting or restricting the consummation of the acquisition; and (iii) the receipt of approval by our shareholders of our issuance of the common shares and preferred shares. We have received notice from the Competition Bureau that it does

not

intend to challenge the acquisition under the Competition Act (Canada), and we have been granted approval under the Investment Canada Act for the acquisition. The definitive agreement

may

be terminated by either party if such conditions are

not

satisfied by

May 31, 2018.

Basis of Presentation

Unless otherwise stated or the context otherwise indicates, all references in these consolidated financial statements to “Civeo,” “the Company,” “us,” “our” or “we” refer to Civeo

Corporation and its consolidated subsidiaries.

Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2017

Significant Accounting Policies [Text Block]

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash

consider all highly liquid investments purchased with an original maturity of

three

months or less to be cash equivalents.

Allowances for Doubtful Accounts

We maintain allowances for doubtful accounts 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 doubtful accounts. We consider the following factors when determining if collection of revenue is reasonably assured: customer credit-worthiness, past transaction history with the customer, current economic industry trends, customer solvency and changes in customer payment terms. If we have

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 market. The cost of inventories is determined on a

n 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. Please 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.

Interest Capitalization

Interest costs for the construction of certain long-term assets are capitalized and amortized over the related assets

’ estimated useful lives. For the years ended

December

31,

2017,

2016

and

2015,

zero,

zero

and

$1.6

million were capitalized, respectively.

Impairment of Long-Lived Assets

The recoverability of the carrying values of long-lived assets, including amortizable intangible assets,

is assessed 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. The fair value of the asset group is based on prices of similar assets, if available, or discounted cash flows.

In performing this analysis, the

first

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

second

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, as applicable, or discounted cash flows. Our estimate of the fair value requires us to use significant unobservable inputs, representative of Level

Please see Note

– Impairment Charges for a discussion of impairment charges we recognized in

2017,

2016

and

2015

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.

We do

not

amortize goodwill. 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. We conduct our annual impairment test as of

November 30

of each year. Our goodwill balance was fully impaired at

September 30, 2015.

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, and all

three

of our reporting units previously had goodwill. We recognize an impairment loss for any amount by which the carrying amount of a reporting unit’s goodwill exceeds the reporting unit’s implied fair value (IFV) of goodwill.

Our assessment consist

ed of a

two

-step impairment test. In the

first

step, we compare each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. If the carrying amount of the reporting unit exceeds its fair value, goodwill is potentially impaired, and a

second

step is performed to determine the amount of impairment, if any. Future impairment tests will be impacted by new accounting guidance which eliminates the

second

step of the goodwill impairment test.

e 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

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

two

-step 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

first

step of the

two

-step goodwill impairment test.

In performing the

two

-step impairment test, we compare

each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. Because

none

of our reporting units has a publically 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

fair value measurement). In our analysis, we target an IFV 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 IFV 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). We also use acquisition multiples analyses in certain circumstances. The relative weighting of each approach varies by reporting unit, based on management’s judgment.

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 have historically used an average EBITDA multiple ranging from approximately

6.5x

to approximately

9.5x

depending on the reporting unit. 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. 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 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

3%.

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 IFV 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 IFV requires us to use significant unobservable inputs, representative of Level

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, and are therefore uncertain. 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 IFV of each reporting unit would change if our assumptions under these valuation approaches, or relative weighting of the valuation approaches, were materially modified.

Please see Note

– Impairment Charges for a discussion of impairment charges we recognized in

2015

related to our goodwill.

Other Intangible Asset

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. We evaluate the remaining useful life of an intangible asset that is

not

being amortized each reporting period to determine whether events and circumstances continue to support an indefinite useful life.

We are required to evaluate our indefinite-lived intangible assets for impairment annually and when an event occurs or circumstances change to suggest the carrying amount

may

not

be recoverable. In performing the impairment test, we compare the fair value of the indefinite-lived intangible asset with its carrying amount. The measurement of the impairment is calculated based on the excess of the carrying value over its fair value.

Please see Note

– Impairment Charges for a discussion of impairment charges we recognized in

2015

related to our intangible assets.

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, 2017,

2016,

and

2015,

we recognized approximately $(

1.5

) million, $(

0.6

) million and

$9.0

million in foreign currency gains (losses), respectively.

Foreign Exchange 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

derive the majority of our revenue from lodging and related ancillary services. In each of our operating segments, revenue is recognized in the period in which our obligations are satisfied pursuant to the terms of our contractual relationships with our customers. This occurs 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. 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. Revenue from the sale of products,

not

accounted for utilizing the cost based input method, is recognized at a point in time following the transfer of control of such products to the customer, which typically occurs upon

delivery to and acceptance by the customer, when title and all significant risks of ownership have passed to the customer, collectability is reasonably assured and pricing is fixed and determinable. Our product sales terms do

not

include significant post-delivery obligations.

For significant projects, revenues are recognized applying the cost based input methods, measured by

the actual costs incurred relative to the total estimated costs to determine our progress towards contract completion and to calculate the corresponding amount of revenue and gross profit to recognize

. Billings on such contracts in excess of costs incurred and estimated profits are classified as deferred revenue. Costs incurred and estimated profits in excess of billings on these contracts are recognized as unbilled receivables. Management believes this input method is the most appropriate measure of progress to the satisfaction of a performance obligation on large contracts. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, estimated profitability, and final contract settlements

may

result in revisions to projected costs and revenue and are recognized in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated

. Factors that

may

affect future project costs and margins include weather, production efficiencies, availability and costs of labor, materials and subcomponents. These factors can significantly impact the accuracy of our estimates and materially impact our future reported earnings.

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.

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.

December 22, 2017,

the Tax Cuts and Jobs Act of

2017

(U.S. Tax Reform) was signed into law making significant changes to the U.S. Internal Revenue Code. Changes include, but are

not

limited to, a corporate tax rate decrease from

35%

21%

effective for tax years beginning after

December 31, 2017,

the transition of U.S. international taxation from a worldwide tax system to a territorial system and a

one

-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of

December 31, 2017.

Please see Note

– 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 years ended

December 31, 2017

and

2016,

each of Imperial Oil and Fort Hills Energy LP accounted for more than

10%

of our revenues. For the year ended

December 31, 2015,

each of Imperial Oil, Fort Hills Energy LP and BM Alliance Coal Operations Pty Ltd accounted for more than

10%

of our revenues.

Asset Retirement Obligations

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 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. We have AROs that we are required to perform under law or contract once an asset is permanently taken out of service. Most of these obligations are

not

expected to be paid until several years in the future and will be funded from general company resources at the time of removal. Please see

Note

– Asset Retirement Obligations for further discussion.

hare

-Based Compensation

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) 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.

also 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.

We also grant performance awards.

These awards are earned in amounts between

and

200%

of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group of other companies. The fair value is estimated using option-pricing models. 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.

Guarantees

Substantially all of our Canadian and U.S. subsidiaries are guarantors under our Amended Credit Agreement. See Note

- Debt.

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,

2017,

the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately

$2.4

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. GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Examples of a few such estimates include revenue and income recognized on the percentage-of-completion method, estimates of the amount and timing of costs to be incurred for asset retirement obligations, any valuation allowance recorded on net deferred tax assets, warranty claims, long-lived asset impairments

and allowance for doubtful accounts. 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. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified and we have made an assessment of our exposure and recorded a provision in our accounts to cover an expected loss. 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, taxes, interest, insurance claims, warranty claims and contract claims and obligations.

ecent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by

us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards or other guidance updates, which are

not

yet effective, will

not

have a material impact on our consolidated financial statements upon adoption.

June 2016,

the FASB issued Accounting Standards Update (ASU)

2016

13,

“Financial Instruments – Credit Losses” (ASU

2016

). This new standard changes how companies will measure credit losses for most financial assets and certain other instruments that are

not

measured at fair value through net income. ASU

2016

is effective for financial statements issued for reporting periods beginning after

December 15, 2019

and interim periods within the reporting periods. We are currently evaluating the impact of this new standard on our consolidated financial statements.

March 2016,

the FASB issued ASU

2016

09,

“Improvements to Employee Share-Based Payment Accounting” (ASU

2016

). This new standard requires companies to recognize the income tax effects of awards in the income statement when the awards vest or are settled. ASU

2016

is effective for financial statements issued for reporting periods beginning after

December 15, 2016

and interim periods within the reporting periods. The changes to the accounting for forfeitures and excess tax benefits or deficiencies should be applied using a modified retrospective transition method with a cumulative-effect adjustment to retained earnings. We adopted this standard effective

January 1, 2017.

Upon adoption of this standard, we

longer estimate forfeitures in advance and now recognize forfeitures as they occur and have reflected a cumulative effect adjustment of

$0.6

million to accumulated deficit in the accompanying consolidated balance sheet as of

December 31, 2017.

In addition, this new standard requires that companies classify the cash paid to a tax authority when shares are withheld to satisfy the employer’s statutory income tax withholding obligation as a financing activity. As a result of our withholding of shares for tax-withholding purposes, during the year ended

December 31, 2016,

we withheld approximately

68,000

shares at a total value of

$0.1

million. As a result of our adoption of ASU

2016

09,

we reclassified

$0.1

million of tax-withholdings from operating activities to financing activities on the accompanying consolidated statement of cash flows for the years ended

December 31, 2016

and

2015.

February 2016

, the FASB issued ASU

2016

02,

“Leases” (Topic

842

), which replaces the existing guidance for lease accounting, Leases (Topic

840

). ASU

2016

requires lessees to recognize a lease liability and a right-of-use asset for all leases with terms longer than

months.

The guidance is effective for financial statements issued for reporting periods beginning after

December 15, 2018

and interim periods within the reporting periods. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of this new standard on our consolidated financial statements.

May 2014,

the FASB issued ASU

2014

establishing Accounting Standards Codification (ASC) Topic

606,

“Revenue from Contracts with Customers” (ASC

606

ASC

606

establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for those goods or services and requires significantly enhanced revenue disclosures. The standard is effective for annual and interim reporting periods beginning after

December 15, 2017.

Accordingly, we plan to adopt this standard in the

first

quarter of

2018.

ASC

606

allows either full retrospective or modified retrospective transition, and we currently plan to use the modified retrospective method of adoption. Our evaluation of the impact of this new standard on our consolidated financial statements included performing a detailed review of key contracts representative of our different businesses and comparing historical accounting policies and practices to the new standard. During

2017,

we reviewed a material amount of our lodge and village contracts, as well as other revenue generating contracts, in our Canadian, U.S. and Australian segments. Based on our review of these contracts, we do

not

expect the new revenue recognition standard to have a material impact on our consolidated financial statements upon adoption.

Note 3 - Impairment Charges

12 Months Ended

Dec. 31, 2017

Asset Impairment Charges [Text Block]

3.	IMPAIRMENT CHARGES

2017

Impairment Charges

The following summarizes pre-tax impairment charges recorded during

201

which are included in Impairment expense in our consolidated statements of operations (in thousands):

	Canada		Australia		U.S.		Total
Quarter ended September 30, 2017
Long-lived assets	$	4,360	$	--	$	--	$	4,360
Quarter ended December 31, 2017
Long-lived assets		27,244		--		--		27,244
Total	$	31,604	$	--	$	--	$	31,604

Quarter ended

December 31, 2017.

During the

fourth

quarter of

2017,

we identified an indicator that certain asset groups used in the southern oil sands

may

be impaired due to market developments, including project delays, occurring in the

fourth

quarter of

2017.

We assessed the carrying value of each of the asset groups in the southern portion of the region to determine if they continued to be recoverable based on their estimated future cash flows. Based on the assessment, the carrying values of

two

of our lodges were determined to

not

be fully recoverable, and we proceeded to compare the estimated fair value of those assets groups to their respective carrying values. Accordingly, the value of the

two

lodges was written down to their estimated fair values of

zero

. As a result of the analysis described above, we recorded an impairment expense of

$27.2

million.

Quarter ended

September 30,

201

During the

third

quarter of

2017,

we made the decision to vacate an open camp facility in Canada and relocated the assets to a newly awarded contract for a Canadian mobile camp. We assessed the carrying value of the remaining assets to determine if they continued to be recoverable based on their estimated future cash flows. Based on the assessment, the carrying values of certain leasehold improvements were determined to

not

be fully recoverable, and we proceeded to compare the estimated fair value of those assets to their respective carrying values. Accordingly, the value of the remaining leasehold improvements were written down to their estimated fair value of

zero

. As a result of the analysis described above, we recorded an impairment expense of

$3.2

million associated with our leased properties in Canada.

We also recorded an impairment expense of

$1.2

million related to undeveloped land positions in Canada, the fair market value of which was negatively impacted by the recent cancellation of an LNG project in British Columbia.

2016

Impairment Charges

The following summarizes pre-tax impairment charges recorded during

2016,

which are included in Impairment expense in our consolidated statements of operations (in thousands):

	Canada		Australia		U.S.		Total
Quarter ended March 31, 2016
Long-lived assets	$	--	$	--	$	8,400	$	8,400
Quarter ended September 30, 2016
Long-lived assets		37,729		--		--		37,729
Total	$	37,729	$	--	$	8,400	$	46,129

Quarter ended

March 31, 2016.

During the

first

quarter of

2016,

we recorded an impairment expense of

$8.4

million, resulting from the impairment of fixed assets in our U.S. segment, due to a continued reduction of U.S. drilling activity in the Bakken Shale region. These fixed assets were written down to their estimated fair value of

$3.8

million. We assessed the carrying values of the asset groups to determine if they continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying values were determined to

not

be recoverable, and we proceeded to compare the estimated fair value of those assets groups to their respective carrying values.

Quarter ended

September 30, 2016.

During the

third

quarter of

2016,

we identified an indicator that certain asset groups used, or expected to be used, in conjunction with potential LNG projects in British Columbia

may

be impaired due to market developments occurring in the

third

quarter of

2016,

including the delay in the final investment decision regarding an LNG project in British Columbia. We assessed the carrying value of each of the asset groups to determine if they continued to be recoverable based on their estimated future cash flows. Based on the assessment, the carrying values of the mobile camp assets and certain undeveloped land positions in British Columbia were determined to

not

be fully recoverable, and we proceeded to compare the estimated fair value of those assets groups to their respective carrying values. Accordingly, the mobile camp assets and undeveloped land positions were written down to their estimated fair values of

$26.6

million and

$5.6

million, respectively.

As a result of the analysis described above, we recorded an impairment expense of

$37.7

million associated with our mobile camp assets in Canada and undeveloped land positions in the British Columbia LNG market.

2015

Impairment Charges

The following summarizes pre-tax impairment charges recorded during

2015

, which are included in Impairment expense in our consolidated statements of operations (in thousands):

	Canada		Australia		U.S. and Other		Total
Quarter ended March 31, 2015
Long- lived assets	$	--	$	--	$	2,738	$	2,738
Quarter ended June 30, 2015
Long- lived assets		--		9,473		--		9,473
Quarter ended September 30, 2015
Goodwill		43,194		--		--		43,194
Long- lived assets		23,041		23,980		18,040		65,061
Intangible assets		--		--		2,460		2,460
Total	$	66,235	$	33,453	$	23,238	$	122,926

Quarter ended

March 31, 2015.

During the

first

quarter of

2015,

we made the decision to dispose of our manufacturing facility in Johnstown, Colorado. Accordingly, the facility met the criteria of held for sale, and its carrying value was adjusted downward to

$8.7

million, which represents its estimated fair value less the cost to sell. Accordingly, we recorded a pre-tax impairment expense of

$2.7

million and an additional

$1.1

million write-down of our inventory. During the

fourth

quarter of

2015,

we completed the sale of the facility.

Quarter ended

June 30, 2015.

During the

second

quarter of

2015,

we recorded an impairment expense of

$9.5

million, resulting from the impairment of fixed assets in a village located in Western Australia, due to the continued downturn in gold mining activity and lack of contract renewals. These fixed assets were written down to their estimated fair value of

$0.1

million. We assessed the carrying value of the asset group to determine if it continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying value was determined to

not

be recoverable.

Quarter ended

September 30, 2015.

During the

third

quarter of

2015,

we recorded impairment expense related to goodwill, long-lived assets and intangible assets.

Due to

the sustained reduction of our share price throughout

2015,

our market capitalization implied an enterprise value which was significantly less than the sum of the estimated fair values of our reporting units. As a result of our market capitalization at

September 30, 2015,

coupled with (

) the continued depression of worldwide oil prices, including the substantial declines experienced in the

third

quarter of

2015,

and (

) continued weakness in the Canadian dollar in the

third

quarter of

2015,

we determined that an indicator of a goodwill impairment was present as of

September 30, 2015.

Accordingly, as a result of then-current macroeconomic conditions, we performed an interim goodwill impairment test as of

September 30, 2015,

and we reduced the value of our goodwill in our Canadian reporting unit to

zero

. This resulted in a

$43.2

million impairment charge in the

third

quarter of

2015.

Furthermore, due to the goodwill impairment in our Canadian segment, we determined all asset groups within this segment had experienced a triggering event indicating that the carrying values might

not

be recoverable. Accordingly, we compared the carrying value of each asset group to estimates of the undiscounted cash flows for such asset group. Based on the assessment, carrying values of certain asset groups were determined to be unrecoverable, and we proceeded to compare the

estimated fair values of those asset groups to their respective carrying values. Accordingly, we recorded an impairment loss of

$11.1

million related to long-lived assets in our Canadian segment. These fixed assets were written down to their fair value of

$12.6

million.

lso due to the sustained reduction of our share price throughout

2015,

we reviewed the long-lived assets in our U.S. and Australia reportable segments to determine if an indicator of impairment had occurred that would indicate that the carrying values of the asset groups in these segments might

not

be recoverable. We determined that certain asset groups within the U.S. and Australia segments had experienced an indicator of impairment, and thus compared the carrying value of the respective asset group to estimates of the undiscounted future cash flows for such asset group. Based on the assessment, the carrying values of

three

of our asset groups were determined to

not

be recoverable, and we proceeded to compare the estimated fair values of the asset groups to their carrying values. Accordingly, we recorded an impairment loss of

$20.5

million related to our U.S. segment. Of the

$20.5

million impairment,

$18.0

million reduced the value of our fixed assets and

$2.5

million reduced the value of our amortizable intangible assets. These fixed assets were written down to their estimated fair value of

$9.5

million. In addition, we recorded an impairment loss of

$24.0

million related to our Australian segment that reduced the value of our fixed assets. These fixed assets were written down to their estimated fair value of

$10.3

million.

Finally, during the

third

quarter of

2015,

we identified assets in our Canadian segment that should have been impaired in the

fourth

quarter of

2014.

We determined that the error was

not

material to our financial statements for the year ended

December 31, 2014

and therefore corrected the error in the

third

quarter of

2015.

This resulted in an additional impairment expense of

$11.9

million.

Note 4 - Fair Value Measurements

12 Months Ended

Dec. 31, 2017

Fair Value Disclosures [Text Block]

4.	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, 2017

and

2016,

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

fair value measurement, including terms and credit spreads for these loans.

During

2017,

2016

and

2015,

we wrote down certain long-lived assets to their fair values. Our estimates of fair value required us to use significant unobservable inputs, representative of Level

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 oil, coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions. During the

third

quarter of

2017

and

2016,

our estimates of fair value of certain undeveloped land positions in British Columbia were based on appraisals from

third

parties. Please see Note

– Summary of Significant Accounting Policies – Impairment of Long-Lived Assets for further discussion of the significant judgments and assumptions used in calculating their fair value.

During

2015,

also wrote down our goodwill to its implied fair value (IFV). Our estimate of IFV required us to use significant unobservable inputs, representative of Level

– 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.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 5 - Details of Selected Balance Sheet Accounts

12 Months Ended

Dec. 31, 2017

Supplemental Balance Sheet Disclosures [Text Block]

5.	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

Additional information regarding selected balance sheet accounts at

December 31, 2017

and

2016

is presented below (in thousands):

	December 31, 2017			December 31, 201 6
Accounts receivable, net:
Trade	$	46,692		$	39,442
Unbilled revenue		20,555			16,063
Other		914			1,435
Total accounts receivable		68,161			56,940
Allowance for doubtful accounts		(1,338	)		(638	)
Total accounts receivable, net	$	66,823		$	56,302

	December 31, 2017		December 31, 201 6
Inventories:
Finished goods and purchased products	$	2,211	$	1,700
Work in process		4,096		3
Raw materials		939		1,409
Total inventories	$	7,246	$	3,112

During the

fourth

quarter of

2017

and the

third

quarter of

2016,

we recorded a

$0.5

million and

$0.9

million, respectively, write-down of inventory at our modular construction and manufacturing plant in Canada, which is included in Service and other costs in our accompanying consolidated statements of operations.

	Estimated Useful Life (in years)			December 31, 2017			December 31, 201 6
Property, plant and equipment, net:
Land				$	40,567		$	41,122
Accommodations assets	3	-	15		1,658,867			1,554,986
Buildings and leasehold improvements	5	-	20		24,181			28,104
Machinery and equipment	4	-	15		8,848			9,667
Office furniture and equipment	3	-	7		53,688			29,948
Vehicles	3	-	5		13,869			14,725
Construction in progress					2,770			23,016
Total property, plant and equipment					1,802,790			1,701,568
Accumulated depreciation					(1,108,957	)		(911,858	)
Total property, plant and equipment, net				$	693,833		$	789,710

	December 31, 2017		December 31, 201 6
Accrued liabilities:
Accrued compensation	$	20,424	$	13,189
Accrued taxes, other than income taxes		1,224		917
Accrued interest		15		194
Other		545		522
Total accrued liabilities	$	22,208	$	14,822

Note 6 - Earnings Per Share

12 Months Ended

Dec. 31, 2017

Earnings Per Share [Text Block]

6.	EARNINGS PER SHARE

The calculation of earnings per share attributable to the Company is presented

below for the periods indicated (in thousands, except per share amounts):

	201 7			201 6			201 5
Basic Loss per Share
Net loss attributable to Civeo	$	(105,713	)	$	(96,388	)	$	(131,759	)
Less: undistributed net income to participating securities		--			--			--
Net loss attributable to Civeo’s common shareholders - basic	$	(105,713	)	$	(96,388	)	$	(131,759	)

Weighted average common shares outstanding - basic		128,365			107,024			106,604

Basic loss per share	$	(0.82	)	$	(0.90	)	$	(1.24	)

Diluted Loss per Share
Net loss attributable to Civeo’s common shareholders – basic	$	(105,713	)	$	(96,388	)	$	(131,759	)
Less: undistributed net income to participating securities		--			--			--
Net loss attributable to Civeo’s common shareholders - diluted	$	(105,713	)	$	(96,388	)	$	(131,759	)


Weighted average common shares outstanding - basic		128,365			107,024			106,604
Effect of dilutive securities (1 )		--			--			--
Weighted average common shares outstanding - diluted		128,365			107,024			106,604

Diluted loss per share	$	(0.82	)	$	(0.90	)	$	(1.24	)

(

)

When an entity has a net loss from continuing operations, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized the basic shares outstanding amount to calculate both basic and diluted loss per share for the year

s ended

December 31, 2017,

2016

and

2015.

In the years ended

December 31, 2017,

2016

and

2015,

we excluded from the calculation

2.1

million,

1.3

million and

1.3

million share based awards, respectively, since the effect would have been anti-dilutive.

Note 7 - Assets Held for Sale

12 Months Ended

Dec. 31, 2017

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

7.	ASSETS HELD FOR SALE

During the

fourth

quarter of

2017,

we made the decision to dispose of our modular construction and manufacturing plant near Edmonton, Alberta, Canada due to changing geographic and market needs.

Accordingly, the facility met the criteria of held for sale. Its estimated fair value less the cost to sell exceeded its carrying value. We recorded an expense of

$0.5

million to write-down our inventory to its expected sales proceeds. Additionally, we have discontinued depreciation of the facility. Depreciation expense related to the facility totaled approximately

$0.5

million,

$0.7

million and

$0.7

million during the years ended

December 31, 2017,

2016

and

2015,

respectively. The facility is part of our Canadian reportable business segment.

In addition, certain undeveloped land positions in the British Columbia LNG market in our Canadian segment previously met the criteria of held for sale. These assets were recorded at the estimated fair value less costs to sell of approximately $

4.4

million.

The following table summarizes the carrying amount as of

December 31, 2017

of the major classes of assets from the

modular construction and manufacturing plant and undeveloped land positions we classified as held for sale (in thousands):

	December 31,		December 31,
	2017		2016
Assets held for sale:
Property, plant and equipment, net	$	9,418	$	4,419
Inventories		44		--
Total assets held for sale	$	9,462	$	4,419

Note 8 - Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2017

Cash Flow, Supplemental Disclosures [Text Block]

8.	SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid during the years ended

December

31,

2017,

2016

and

2015

for interest and income taxes was as follows (in thousands):

	201 7			201 6		201 5

Interest (net of amounts capitalized)	$	17,362		$	18,927	$	21,385
Income taxes paid, net of refunds		(7,755	)		3,404		(5,169	)

Note 9 - Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Text Block]

9.	OTHER 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,

2017

and

2016

(in thousands):

	AS OF DECEMBER 31,
	201 7					201 6
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets
Customer relationships	$	45,209	$	(33,997	)	$	42,614	$	(28,804	)
Contracts / agreements		38,362		(26,853	)		35,499		(21,300	)
Noncompete agreements		675		(675	)		749		(749	)
Total amortizable intangible assets	$	84,246	$	(61,525	)	$	78,862	$	(50,853	)

Indefinite-Lived Intangible Assets Not Subject to Amortization
Licenses		32		--			30		--
Total indefinite-lived intangible assets		32		--			30		--
Total intangible assets	$	84,278	$	(61,525	)	$	78,892	$	(50,853	)

Please see Note

– Impairment Charges for a discussion of impairment charges we recognized in

2015

related to our intangible assets.

The weighted average remaining amortization period for all intangible assets, other than indefinite-lived intangibles, was

3.1

years as of

December

31,

2017

and

4.1

years as of

December

31,

2016.

Total amortization expense is expected to be

$7.5

million in

2018

through

2020,

$0.2

million in

2021

and

$0.1

million in

2022.

Amortization expense was

$7.3

million,

$7.2

million and

$7.6

million in the years ended

December

31,

2017,

2016

and

2015,

respectively.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Note 10 - Debt

12 Months Ended

Dec. 31, 2017

Debt Disclosure [Text Block]

10.

DEBT

As of

December 31,

201

and

2016,

long-term debt consisted of the following (in thousands):

	December 31, 2017		December 31, 2016
U.S . term loan, which matures on May 28, 2019; weighted average interest rate of 4.5% for the twelve-month period ended December 31, 2017	$	--	$	24,375

Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter; weighted average interest rate of 4.5% for the twelve-month period ended December 31, 2017		297,623		293,763

U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 6.5% for the twelve-month period ended December 31, 2017		--		--

Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.3% for the twelve-month period ended December 31, 2017		--		23,089

Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.3% for the twelve-month period ended December 31, 2017		--		9,533

Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.1% for the twelve-month period ended December 310, 2017		--		6,507
		297,623		357,267
Less: Unamortized debt issuance costs		3,037		3,996
Total debt		294,586		353,271
Less: Current portion of long-term debt, including unamortized debt issuance costs, net		16,596		15,471
Long-term debt, less current maturities	$	277,990	$	337,800

Scheduled maturities of long-term debt as of

December 31,

201

are as follows (in thousands):

2018		16,767
2019		280,856
	$	297,623

Amended

Credit

Agreement

As of

December 31, 2016,

our Credit Agreement, as then amended to date, provided for:

(i) a

$350.0

million, revolving credit facility scheduled to mature on

May 28, 2019,

allocated as follows: (A) a

$50.0

million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers; (B) a

$100.0

million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers; (C) a

$100.0

million senior secured revolving credit facility in favor of Civeo, as borrower; and (D) a

$100.0

million senior secured revolving credit facility in favor of

one

of our Australian subsidiaries, as borrower; and (ii) a

$350.0

million term loan facility scheduled to mature on

May 28, 2019

in favor of Civeo.

February 17, 2017,

the

third

amendment to the Credit Agreement (as amended by the

third

amendment, the Amended Credit Agreement) became effective, which:

●

rovided for the reduction by

$75

million of the aggregate revolving loan commitments under the Amended Credit Agreement, to a maximum principal amount of

$275

million, allocated as follows: (

) a

$40.0

million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers; (

) a

$90.0

million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers; (

) a

$60.0

million senior secured revolving credit facility in favor of Civeo, as borrower; and (

) an

$85.0

million senior secured revolving credit facility in favor of

one

of our Australian subsidiaries, as borrower;

●

stablished

one

additional level to the total leverage-based grid such that the interest rates for the loans range from the London Interbank Offered Rate (LIBOR) plus

2.25%

to LIBOR plus

5.50%,

and increased the undrawn commitment fee from a range of

0.51%

1.13%

to a range of

0.51%

1.24%

based on total leverage;

●

djusted the maximum leverage ratio financial covenant for the relevant periods, as follows:

Period Ended	Maximum Leverage Ratio
December 31, 2017	5.85 : 1.00
March 31, 2018	5.85 : 1.00
June 30, 2018	5.85 : 1.00
September 30, 2018	5.85 : 1.00
December 31, 2018	5.50 : 1.00
March 31, 2019 & thereafter	5.25 : 1.00

; and

●

provided for o

ther technical changes and amendments to the Amended Credit Agreement.

U.S. dollar amounts outstanding under the facilities provided by the Amended Credit Agreement bear interest at a variable rate equal to LIBOR plus a margin of

2.25%

5.50%,

or a base rate plus

1.25%

4.50%,

in each case based on a ratio of our total leverage to EBITDA (as defined in the Amended Credit Agreement). Canadian dollar amounts outstanding bear interest at a variable rate equal to the Canadian Dollar Offered Rate plus a margin of

2.25%

5.50%,

or a base rate plus a margin of

1.25%

4.50%,

in each case based on a ratio of our consolidated total leverage to EBITDA. Australian dollar amounts outstanding under the Amended Credit

Agreement bear interest at a variable rate equal to the Bank Bill Swap Bid Rate plus a margin of

2.25%

5.50%,

based on a ratio of our consolidated total leverage to EBITDA.

The Amended Credit Agreement contains customary affirmative and negative covenants that, among other things, limit or restrict: (i) subsidiary indebtedness, liens and fundamental changes; (ii) asset sales; (iii) acquisitions of margin stock; (iv) specified acquisitions; (v) certain restrictive agreements; (vi) transactions with affiliates; and (vii) investments and other restricted payments, including dividends and other distributions. In addition, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA to consolidated interest expense, of at least

3.0

1.0

and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of

greater than

5.85

1.0

(as of

December 31, 2017).

As noted above, the permitted maximum leverage ratio changes over time. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Agreement. EBITDA and consolidated interest, as defined, exclude goodwill and asset impairments, debt discount amortization and other non-cash charges. We were in compliance with all of these covenants as of

December 31, 2017.

As of

December 31, 2017,

we have

lenders in our Amended Credit Agreement with commitments ranging from

$0.7

million to

$121.7

million. As of

December 31, 2017,

we had outstanding letters of credit of

$0.8

million under the U.S facility,

$0.6

million under the Australian facility and

$0.4

million under the Canadian facility.

Borrowings under the

Amended Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our subsidiaries. Obligations under the Amended Credit Agreement are guaranteed by our significant subsidiaries.

In addition to the Amended Credit

Agreement, we have an

A$2.0

million bank guarantee facility, which matures

March 31, 2018.

There were bank guarantees of

A$0.8

million under this facility outstanding as of

December 31, 2017.

Note 11 - Retirement Plans

12 Months Ended

Dec. 31, 2017

Pension and Other Postretirement Benefits Disclosure [Text Block]

11.	RETIREMENT PLANS

We sponsor

defined contribution plans. Participation in these plans is available to substantially all employees. We recognized expense of

$4.8

million,

$6.4

million and

$9.6

million, respectively, related to matching contributions under our various defined contribution plans during the years ended

December

31,

2017,

2016

and

2015,

respectively. 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

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.

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

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 – Maximum for

2017

$13,115

). DPSP is a form of defined contribution retirement savings plan governed by Canadian Federal Tax legislation which provides for deferral of tax on deposit and investment return 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 (

noted above) is attained with (

) employee contribution which would go into a Group Registered Retirement Savings Plan (GRRSP). 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

$26,010

2017

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

9.5%

of the base salary of an employee, capped at the legislated maximum contribution base which is indexed annually.

Our Australian

subsidiary makes

investment decisions on behalf of the employee and has

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

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

of the participant

’s compensation (

100%

match of the

first

employee contribution and

50%

match on the next

contribution). Our matching contributions vest at a rate of

20%

per year for each of the employee’s

first

five

years of service and then are fully vested thereafter.

Note 12 - Asset Retirement Obligations

12 Months Ended

Dec. 31, 2017

Asset Retirement Obligation Disclosure [Text Block]

12.	ASSET RETIREMENT OBLIGATIONS

AROs

December

31,

2017

and

2016

were (in thousands):

	201 7		201 6

Asset retirement obligations	$	17,185	$	17,584
Less: Asset retirement obligations due within one year*		1,799		2,374
Long-term asset retirement obligations	$	15,386	$	15,210

*	Classified as a current liability on the co nsolidated balance sheets, under the caption “ Other current liabilities .” Related to remediation work planned for 2018.

Total expense related to the ARO

was

$1.4

million,

$1.4

million and

$1.3

million in

2017,

2016

and

2015,

respectively.

During

the years ended

December 31, 2017,

2016

and

2015,

our ARO changed as follows (in thousands):

	201 7			201 6			201 5
Balance as of January 1	$	17,584		$	17,299		$	21,610
Accretion of discount		1,353			1,351			1,292
New obligations		86			--			81
Change in estimates of existing obligations		(1,901	)		(1,182	)		(2,366	)
Settlement of obligations		(816	)		(376	)		(132	)
Foreign currency translation		879			492			(3,186	)
Balance as of December 31	$	17,185		$	17,584		$	17,299

Note 13 - Income Taxes

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Text Block]

13.	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

benefit

Pre-tax loss for the years ended

December

31,

2017,

2016

and

2015

consisted of the following (in thousands):

	2017			2016			2015
Canada operations	$	(87,143	)	$	(87,234	)	$	(73,691	)
Foreign operations		(31,601	)		(28,698	)		(90,062	)
Total	$	(118,744	)	$	(115,932	)	$	(163,753	)

The components of the income tax benefit for the years ended

December

31,

2017,

2016

and

2015

consisted of the following (in thousands):

	2017			2016			2015
Current:
Canada	$	(5,986	)	$	(8,646	)	$	(820	)
Foreign		1,472			1,749			1,906
Total	$	(4,514	)	$	(6,897	)	$	1,086

Deferred:
Canada	$	(9,194	)	$	(12,169	)	$	(2,707	)
Foreign		218			(1,039	)		(31,468	)
Total	$	(8,976	)	$	(13,208	)	$	(34,175	)

Total Benefit	$	(13,490	)	$	(20,105	)	$	(33,089	)

The income tax benefit differs from an amount computed at

Canadian statutory rates as follows for the years ended

December 31, 2017,

2016

and

2015

(in thousands):

	2017					2016					2015
Federal tax benefit at statutory rates	$	(32,061	)	27.0	%	$	(31,302	)	27.0	%	$	(44,213	)	27.0	%
Effect of foreign income tax, net		(3,399	)	2.9	%		(6,593	)	5.7	%		(15,088	)	9.2	%
Enacted tax rate change – U.S. Tax Reform		9,047		(7.6	%)		--		--			--		--
Valuation allowance – U.S. Tax Reform		(9,047	)	7.6	%		--		--			--		--
Valuation allowance – Other		19,130		(16.1	%)		15,051		(13.0	%)		11,189		(6.8	%)
Tax effects of restructuring		--		--			3,038		(2.6	%)		17,600		(10.8	%)
Deemed income from foreign subsidiaries		334		(0.3	%)		1,108		(1.0	%)		4,190		(2.6	%)
Enacted tax rate change - Canada		598		(0.5	%)		712		(0.6	%)		3,332		(2.0	%)
Goodwill impairment		--		--			--		--			11,533		(7.0	%)
Tax on future unremitted earnings		--		--			--		--			(25,306	)	15.4	%
Other, net		1,908		(1.6	%)		(2,119	)	1.8	%		3,674		(2.2	%)
Net income tax benefit	$	(13,490	)	11.4	%	$	(20,105	)	17.3	%	$	(33,089	)	20.2	%

Tax Reform

December 22, 2017,

U.S. Tax Reform was signed into law, making significant changes to the U.S. Internal Revenue Code. Changes include, but are

not

limited to, a corporate tax rate decrease from

35%

21%

effective for tax years beginning after

December 31, 2017,

the transition of U.S. international taxation from a worldwide tax system to a territorial system, and a

one

-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of

December 31, 2017.

2015,

due to our redomiciling to Canada, we recognized and repatriated all U.S. cumulative foreign earnings in that year. As of

December 31, 2017,

we had

remaining unrepatriated earnings subject to the transition tax.

The tax legislation also includes

two

new U.S. base-erosion provisions beginning in

2018:

(

) the global intangible low-taxes income (GILTI) provisions; and (

) base-erosion and anti-abuse tax (BEAT) provisions.

The GILTI provisions require us to include, in our U.S. income tax provision, foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary

’s tangible assets. We do

not

expect to be impacted by this tax as we had

U.S. foreign subsidiaries as of

December 31, 2017.

The BEAT provisions eliminate the deduction of certain base-erosion payments made to related foreign companies, and impose a minimum tax if greater than the regular tax. As of

December 31, 2017,

we anticipate the impact to us to be immaterial as there are minimal payments made to our U.S. foreign affiliates.

Beginning in

2018,

as a result of U.S. Tax Reform, under Section

162

(m), our deduction for compensation, including performance-based compensation,

may

be limited in excess of

million paid to anyone who serves as the Chief Executive Officer or Chief Fin

ancial Officer, or who is among the

three

most highly compensated executive officers for any tax year. We are continuing to evaluate our executive compensation packages to determine any impact to

2018

and forward tax years.

December 22, 2017,

the Commission staff issued Staff Accounting Bulletin

No.

118

(SAB

118

) to address the application of U.S. GAAP in situations when a registrant does

not

have the necessary information available, prepared, or analyzed in reasonable de

tail to complete the accounting for certain income tax effects of the U.S. Tax Reform. We have calculated an estimate of the impacts of U.S. Tax Reform to our U.S. deferred taxes and recorded these amounts in our total deferred taxes as of

December 31, 2017,

the result of which was a decrease of the U.S. net deferred tax asset of

million which was fully offset by a decrease in the U.S. valuation allowance of

million. This results in

zero

impact to our income tax benefit for the year ended

December 31, 2017.

The ultimate impact

may

differ from these estimates due to additional analysis, changes in interpretations and assumptions we have made, additional regulatory guidance that

may

be issued, and actions we

may

take as a result of the U.S. Tax Reform. We expect to finalize our estimate upon filing of our

2017

U.S. corporate income tax return.

Deferred Tax Liabilities and Assets.

The significant items giving rise to the deferred tax assets and liabilities as of

December 31, 2017

and

2016

are as follows (in thousands):

	2017			2016
Deferred tax assets:
Net operating loss	$	70,920		$	49,810
Employee benefits		5,560			6,952
Deductible goodwill and other intangibles		50,758			45,262
Other reserves		6,854			4,773
Unearned revenue		1,424			1,776
Other		188			1,588
Deferred tax assets		135,704			110,161
Valuation allowance		(90,663	)		(76,157	)
Deferred tax assets, net	$	45,041		$	34,004
Deferred tax liabilities:
Depreciation	$	(44,141	)	$	(42,701	)
Investment		(900	)		(497	)
Deferred tax liabilities		(45,041	)		(43,198	)
Net deferred tax liability	$	--		$	(9,194	)

NOL Carryforwards.

The following table summarizes net operating loss (NOL) carryforwards at

December

31,

2017

(in thousands):

	Amount		Expiration Period
Net operating loss carryforwards:
Canada	$	121,115	Begins to expire in 2035
Australia		85,840	Does not expire
U.S. – Federal		32,671	Begins to expire in 2036
U.S. – State		5,606	Begins to expire in 2020

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, 2017

and

2016

are as follows (in thousands):

	Foreign Tax Credits			Federal / State NOLs			Net Deferred Tax Assets			Other			Total
Balance as of December 31, 201 5	$	(58,906	)	$	(1,526	)	$	(54,128	)	$	(527	)	$	(115,087	)
Change in income tax provision		--			(13,580	)		(1,085	)		(386	)		(15,051	)
Write-off of U.S. foreign tax credits		58,906			--			--			--			58,906
Other change		--			(4,008	)		(1,174	)		(72	)		(5,254	)
Foreign currency translation		--			1			344			(16	)		329
Balance as of December 31, 201 6		--			(19,113	)		(56,043	)		(1,001	)		(76,157	)
Change in income tax provision – U.S. Tax Reform		--			4,574			4,473			--			9,047
Change in income tax provision - Other		--			(17,622	)		(1,508	)		--			(19,130	)
Other change		--			1,277			(1,290	)		255			242
Foreign currency translation		--			(515	)		(4,150	)		--			(4,665	)
Balance as of December 31, 2017	$	--		$	(31,399	)	$	(58,518	)	$	(746	)	$	(90,663	)

Following the repatriation of all

U.S. cumulative foreign earnings in

2015,

a full valuation allowance was placed against excess foreign tax credits totaling

$58.9

million. The excess foreign tax credits were written-off against the valuation allowance in

2016

because of the remote likelihood that the foreign tax credits will be utilized.

2017,

the valuation allowance was decreased by

million due to the decrease of the U.S. statutory tax rate from

35%

21%

as a result of U.S. Tax Reform.

At the end of

2017,

the valuation allowance increased by

$5.9

million as a result of placing a valuation allowance against the Canadian net deferred tax asset.

Indefinite Reinvestment of Earnings.

December 31, 2016

and

2017,

we had

undistributed earnings of foreign subsidiaries subject to income tax in Canada. Due to our redomiciling to Canada in

2015,

we recognized and repatriated all U.S. cumulative foreign earnings in

2015.

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

2010

are subject to audit by the Canada Revenue Agency. Our Australian subsidiary

’s federal income tax returns subsequent to

2013

are open for review by the Australian Taxation Office. Our U.S. subsidiary’s federal tax returns from

2014

are subject to audit by the US Internal Revenue Service.

The total amount of unrecognized tax benefits as of

December 31,

2017,

2016

and

2015

was zero,

zero

and

$0.7

million, respectively. The unrecognized tax benefits, if recognized, would affect the effective tax rate. We accrue interest and penalties related to unrecognized tax benefits as a component of our provision for income taxes. As of

December 31, 2017,

2016

and

2015,

we had accrued zero,

zero

and

$0.3

million, respectively, of interest expense and penalties.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	2017		2016			2015
Balance as of January 1	$	--	$	679		$	679
Additions for tax positions of prior years		--		--			--
Reductions for tax positions of prior years		--		--			--
Reductions for settlements		--		--			--
Lapse of the applicable statute of limitations		--		(679	)		--
Balance as of December 31	$	--	$	--		$	679

During

2016,

management determined that, based upon the status of current examinations, an uncertain tax liability

$0.7

million was reversed.

Note 14 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Text Block]

14.	COMMITMENTS AND CONTINGENCIES

lease a portion of our equipment, office space, computer equipment, automobiles and trucks under leases which expire at various dates.

Minimum future operating lease obligations in effect at

December

31,

2017,

were as follows (in thousands):

201 8	$	3,850
201 9		3,441
20 20		3,209
202 1		2,006
202 2		1,501
Thereafter		7,110
Total	$	21,117

Rental expense under operating leases was

$5.6

million,

$6.0

million and

$7.6

million for the years ended

December

31,

2017,

2016

and

2015,

respectively.

We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give

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

January 26, 2018,

a putative class action captioned

Philip Suhr v. Civeo Corporation et al

. was filed in the U.S. District Court for the Southern District of Texas against us and members of our board of directors regarding our proposed acquisition of Noralta. The complaint alleges that we filed a materially incomplete and misleading proxy statement in connection with the Noralta Acquisition, in violation of Sections

(a) and

(a) of the Securities Exchange Act of

1934

and Rule

14a

of the Securities and Exchange Commission. The complaint seeks injunctive relief, including to enjoin the shareholder vote on the Noralta Acquisition as well as the transaction itself, damages and an award of attorneys' fees, in addition to other relief. Additional lawsuits arising out of the Noralta Acquisition

may

be filed in the future. There can be

assurance that we will be successful in the outcome of the pending or any potential future lawsuits. A preliminary injunction could delay or jeopardize the completion of the Noralta Acquisition, and an adverse judgment granting permanent injunctive relief could indefinitely enjoin the completion of the Noralta Acquisition. We believe that the pending lawsuit is without merit and intend to defend vigorously against the lawsuit and any other future lawsuits challenging the Noralta Acquisition.

Note 15 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2017

Comprehensive Income (Loss) Note [Text Block]

15.	ACCUMULATED OTHER COMPREHENSIVE LOSS

Our accumulated other

comprehensive loss decreased

$34.7

million from

$362.9

million at

December 31, 2016

$328.2

million at

December 31, 2017,

as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during

2017

were primarily driven by the Australian dollar and Canadian dollar increasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately

C$0.1

billion and

A$0.4

billion, respectively, at

December 31, 2017.

Note 16 - Share Based Compensation

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

16.	S HARE BASED COMPENSATION

ur 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 and dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors.

more than

14.0

million Civeo common shares

may

be awarded under the Civeo Plan.

hare-based compensation expense recognized in the years ended

December

31,

2017,

2016

and

2015

totaled

$15.4

million,

$9.9

million and

$5.6

million, respectively. Share-based compensation expense is reflected in Selling, general and administrative (SG&A) 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 zero, $

0.6

million and $

0.3

million for the years ended

December 31, 2017,

2016

and

2015,

respectively.

Options

to Purchase Common Shares

options were awarded in

2017,

2016

2015.

The following table presents the changes in stock options outstanding and related information for our employees during the years ended

December 31, 2017,

2016

and

2015:

	Options			Weighted Average Exercise Price Per Share		Weighted Average Contractual Life (Years)		Intrinsic Value (Thousands)
Outstanding Options at December 31, 2014		532,926		$	11.03		3.4	$	66,130
Granted		--			--
Exercised		(137,771	)		3.63
Forfeited / Expired		(4,821	)		16.43
Outstanding Options at December 31, 201 5		390,334		$	13.58		3.5	$	--
Granted		--			--
Exercised		--			--
Forfeited / Expired		(224,448	)		10.33
Outstanding Options at December 31, 201 6		165,886		$	17.98		4.6	$	--
Granted		--			--
Exercised		--			--
Forfeited / Expired		(20,085	)		18.10
Outstanding Options at December 31, 201 7		145,801		$	17.97		4.5	$	--

Exercisable Options at December 31, 201 6		145,804		$	17.67		4.4	$	--
Exercisable Options at December 31, 201 7		139,491		$	17.79		4.2	$	--

The

total intrinsic value of options exercised by our employees during

2017,

2016

and

2015

was

zero

and less than

$100,000,

respectively. The tax benefits realized for the tax deduction from options exercised during

2017,

2016

and

2015

totaled zero,

zero

and less than

$100,000,

respectively.

December 31,

201

unrecognized compensation cost related to options was less than

$100,000,

which is expected to be recognized over a weighted average period of less than

year.

The following table summariz

es information for outstanding options of our employees at

December

31,

2017:

			Options Outstanding						Options Exercisable
Range of Exercise Prices			Number Outstanding as of December 31, 201 7		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable as of December 31, 201 7		Weighted Average Exercise Price

$16.43				63,142		3.13	$	16.43		63,142	$	16.43
$17.48				29,849		5.14	$	17.48		29,849	$	17.48
$18.43				27,553		4.13	$	18.43		27,553	$	18.43
$21.87				25,257		6.14	$	21.87		18,947	$	21.87
$16.43	-	$21.87		145,801		4.25	$	17.97		139,491	$	17.79

Restricted S

hare

Awards

/ Deferred S

hare

Awards

The following table presents the changes in

restricted share and deferred share awards outstanding and related information for our employees during the years ended

December 31, 2017,

2016

and

2015:

	Nu mber of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2014		576,882		$	19.78
Granted		1,208,642			3.61
Vested		(248,215	)		18.17
Forfeited		(223,745	)		7.54
Nonvested shares at December 31, 201 5		1,313,564		$	7.29
Granted		584,283			1.64
Vested		(526,628	)		8.15
Forfeited		(72,847	)		7.04
Nonvested shares at December 31, 201 6		1,298,372		$	4.41
Granted		1,655,067			3.14
Vested		(733,147	)		4.19
Forfeited		(49,968	)		3.43
Nonvested shares at December 31, 201 7		2,170,324		$	3.54

The weighted average grant date fair value per share for restricted s

hare and deferred share awards granted during

2017,

2016

and

2015

was

$3.14,

$1.64

and

$3.61,

respectively. The total fair value of restricted share and deferred share awards vested during

2017,

2016

and

2015

was

$2.0

million,

$0.6

million and

$0.9

million, respectively. At

December 31, 2017,

unrecognized compensation cost related to restricted share and deferred share awards was

$4.5

million, which is expected to be recognized over a weighted average period of

1.7

years.

Phantom Share Awards

Each phantom s

hare 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,

201

2016

and

2015:

	Nu mber of Awards
Nonvested shares at December 31, 2014		432,881
Granted		1,920,451
Vested		(202,284	)
Forfeited		(352,848	)
Nonvested shares at December 31, 201 5		1,798,200
Granted		6,831,957
Vested		(608,230	)
Forfeited		(1,751,963	)
Nonvested shares at December 31, 201 6		6,269,964
Granted		750,525
Vested		(2,207,589	)
Forfeited		(263,161	)
Nonvested shares at December 31, 201 7		4,549,739

December 31, 2017,

the balance of the liability for the phantom share awards was

$5.3

million.

For the years ended

December 31, 2017,

2016

and

2015,

we made phantom share cash payments of

$7.1

million,

$0.5

million and

$0.8

million, respectively. At

December 31, 2017,

unrecognized compensation cost related to phantom shares was

$7.1

million, as remeasured at

December 31, 2017,

which is expected to be recognized over a weighted average period of

1.3

years. The weighted average grant date fair value of phantom shares granted during the years ended

December 31, 2017,

2016

and

2015

was

$3.27,

$0.91

and

$3.68,

respectively.

erformance

Share Awards

February 21, 2017,

we granted

762,497

performance awards under the Civeo Plan, which cliff vest in

three

years on

February 21, 2020.

These awards will be earned in amounts between

and

200%

of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return (TSR) rank among a peer group of

other companies. The awards are being accounted for as equity awards, with a fair value of

$5.20

calculated as of

February 21, 2017.

February 23, 2016,

we granted

2,400,606

performance awards under the Civeo Plan, which cliff vest in

three

years on

February 23, 2019.

These awards will be earned in amounts between

and

200%

of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative TSR rank among a peer group of

other companies. Shareholder approval to grant these awards as equity awards to be settled in shares was obtained on

May 12, 2016.

Accordingly, the awards are being accounted for as equity awards, with a fair value of

$3.18

calculated as of

May 12, 2016.

The fair value of each

performance 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.

	2017			2016
Risk-free weighted interest rate		1.50	%		0.92	%
Expected volatility		90.0	%		90.0	%
Initial TSR		0.04	%		93.7	%

The followi

ng table presents the changes in performance awards outstanding and related information for our employees during the year ended

December 31, 2017

and

2016:

	Number of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2015		--		$	--
Granted		2,400,606			3.18
Vested		--			--
Forfeited		(448,922	)		3.18
Nonvested shares at December 31, 2016		1,951,684		$	3.18
Granted		762,497			5.20
Vested		--			--
Forfeited		(38,699	)		3.64
Nonvested shares at December 31, 2017		2,675,482		$	3.75

During the year

s ended

December 31 2017

and

2016,

we recognized compensation expense associated with performance awards totaling

$3.0

million and

$1.9

million. At

December 31, 2017,

unrecognized compensation cost related to performance awards was

$5.0

million, which is expected to be recognized over a weighted average period of

1.7

years.

Note 17 - Segment and Related Information

12 Months Ended

Dec. 31, 2017

Segment Reporting Disclosure [Text Block]

17.	SEGMENT AND RELATED INFORMATION

In accordance with current accounting standards regarding disclosures about segments of an enterprise and related information, we have identified the following reportable segments: Canada, Australia and U.S., which represent our strategic focus on workforce accommodations.

Financial information by business segment for each of the

three

years ended

December 31, 2017,

2016

and

2015

is summarized in the following table (in thousands):

	Total Revenues			Less: Intersegment Revenues			Revenues from unaffiliated customers		Depreciation and amortization			Operating loss			Capital expenditures		Total assets
201 7
Canada	$	245,595		$	--		$	245,595	$	69,983		$	(63,211	)	$	3,893	$	550,378
Australia		111,221			--			111,221		45,699			(11,528	)		2,772		353,840
United States		25,460			--			25,460		4,653			(14,426	)		1,912		33,128
Corporate, s tand-alone adjustments and eliminations		--			--			--		6,108			(8,806	)		2,617		(83,434	)
Total	$	382,276		$	--		$	382,276	$	126,443		$	(97,971	)	$	11,194	$	853,912

201 6
Canada	$	278,464		$	--		$	278,464	$	80,837		$	(59,351	)	$	3,773	$	548,786
Australia		106,815			--			106,815		45,883			(6,853	)		5,682		376,008
United States		11,951			--			11,951		5,433			(24,616	)		6		29,799
Corporate, s tand-alone adjustments and eliminations		--			--			--		(851	)		(4,940	)		10,318		(44,147	)
Total	$	397,230		$	--		$	397,230	$	131,302		$	(95,760	)	$	19,779	$	910,446

201 5
Canada	$	344,249		$	--		$	344,249	$	89,269		$	(73,215	)	$	41,446	$	579,816
Australia		135,964			--			135,964		51,392			(24,817	)		12,160		424,731
United States		40,146			(2,396	)		37,750		11,833			(40,083	)		2,170		71,710
Corporate, s tand-alone adjustments and eliminations		(2,396	)		2,396			--		496			(6,888	)		6,675		(9,728	)
Total	$	517,963		$	--		$	517,963	$	152,990		$	(145,003	)	$	62,451	$	1,066,529

Financial information by geographic segment for each of the

three

years ended

December

31,

2017,

2016

and

2015,

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 Other		Total
201 7
Revenues from unaffiliated customers	$	245,595	$	111,221	$	25,460	$	382,276
Long-lived assets		353,710		331,511		32,280		717,501

201 6
Revenues from unaffiliated customers	$	278,464	$	106,815	$	11,951	$	397,230
Long-lived assets		431,477		348,293		46,995		826,765

201 5
Revenues from unaffiliated customers	$	344,249	$	135,964	$	37,750	$	517,963
Long-lived assets		532,419		390,623		56,935		979,977

Note 18 - Valuation Accounts

12 Months Ended

Dec. 31, 2017

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

18.	VALUATION ACCOUNTS

Activity in the valuation accounts was as follows (in thousands):

	Balance at Beginning of Period		Charged to Costs and Expenses			Deductions (Net of Recoveries)			Translation and Other, Net			Balance at End of Period

Year Ended December 31, 201 7 :
Allowance for doubtful accounts receivable	$	638	$	48		$	(23	)	$	675		$	1,338
Valuation allowance for deferred tax assets		76,157		10,083			(242	)		4,665			90,663

Year Ended December 31, 201 6 :
Allowance for doubtful accounts receivable	$	1,121	$	(110	)	$	(377	)	$	4		$	638
Valuation allowance for deferred tax assets		115,087		15,051			(53,652	)		(329	)		76,157

Year Ended December 31, 201 5 :
Allowance for doubtful accounts receivable	$	4,043	$	1,004		$	(3,844	)	$	(82	)	$	1,121
Valuation allowance for deferred tax assets		49,523		70,095			--			(4,531	)		115,087

Note 19 - Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information [Text Block]

19.	QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table summarizes quarterly financial information for

2017

and

2016

(in thousands, except per share amounts):

	First Quarter (2)			Second Quarter (3)			Third Quarter (4)			Fourth Quarter (5)
201 7
Revenues	$	91,429		$	92,010		$	97,489		$	101,348
Gross profit (1)		29,757			32,526			31,962			30,773
Net income (loss) attributable to Civeo		(20,987	)		(14,816	)		(22,331	)		(47,579	)
Basic earnings (loss) per share		(0.17	)		(0.11	)		(0.17	)		(0.36	)
Diluted earnings (loss) per share		(0.17	)		(0.11	)		(0.17	)		(0.36	)

201 6
Revenues	$	95,036		$	107,035		$	104,238		$	90,921
Gross profit (1)		29,093			42,449			36,274			29,764
Net income attributable to Civeo		(26,822	)		(11,486	)		(42,131	)		(15,949	)
Basic earnings per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)
Diluted earnings per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)

(

)

Represents "revenues" less "product costs" and "service and other costs" included in

our consolidated statements of operations

(

)

In the

first

quarter of

2017,

there were

significant items recognized.

In the

first

quarter of

201

we recognized the following items:

●

Costs associated with our migration to Canada of

$1.0

million (

$0.7

million after-tax, or

$0.01

per diluted share), included in Selling, general and administrative expenses on the

accompanying consolidated statements of operations

●

A charge of

$8.4

million (

$8.4

million after-tax, or

$0.05

per diluted share), related to the impairment of certain fixed assets which carrying value we determined

not

to be recoverable. The charge, which is related to our U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations

(

)

In the

second

quarter of

2017,

there were

significant items recognized.

In the

second

quarter of

201

we recognized the following items:

●

Costs associated with our migration to Canada of $

0.2

million (

$0.2

million after-tax, or

$0.00

per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations

(

)

In the

third

quarter of

201

we recognized the following items:

●

charge of

$4.4

million (

$3.2

million after-tax, or

$0.02

per diluted share), related to leasehold improvements and undeveloped land positions in the British Columbia LNG market which carrying value we determined

not

to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.

In the

third

quarter of

2016,

we recognized the following items:

●

A charge of

$37.7

million (

$27.5

million after-tax, or

$0.26

per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined

not

to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.

(

)

In the

fourth

quarter of

201

we recognized the following items:

●

Costs associated with our

pending acquisition of Noralta of

$2.3

million (

$2.2

million after-tax, or

$0.02

per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations

●

A charge of

$27.2

million (

$19.9

million after-tax, or

$0.15

per diluted share), related to certain lodge assets in the southern oil sands which carrying values we determined

not

to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.

In the

fourth

quarter of

2016,

there were

significant items recognized.

Amounts are calculated independently for each of the quarters presented. Therefore, the sum of the quarterly amounts

may

not

equal the total calculated for the year.

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2017
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Allowances for Doubtful Accounts We maintain allowances for doubtful accounts 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 doubtful accounts. We consider the following factors when determining if collection of revenue is reasonably assured: customer credit-worthiness, past transaction history with the customer, current economic industry trends, customer solvency and changes in customer payment terms. 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.
Inventory, Policy [Policy Text Block]	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 market. The cost of inventories is determined on a n average cost or specific-identification method.
Property, Plant and Equipment, Policy [Policy Text Block]	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. Please 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.
Interest Capitalization, Policy [Policy Text Block]	Interest Capitalization Interest costs for the construction of certain long-term assets are capitalized and amortized over the related assets ’ estimated useful lives. For the years ended December 31, 2017, 2016 and 2015, zero, zero and $1.6 million were capitalized, respectively.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets The recoverability of the carrying values of long-lived assets, including amortizable intangible assets, is assessed 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. The fair value of the asset group is based on prices of similar assets, if available, or discounted cash flows. In performing this analysis, the first 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 second 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, as applicable, or discounted 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, and are therefore uncertain. Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2017, 2016 and 2015 related to our long-lived assets.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	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. We do not amortize goodwill. 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. We conduct our annual impairment test as of November 30 of each year. Our goodwill balance was fully impaired at September 30, 2015. 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, and all three of our reporting units previously had goodwill. We recognize an impairment loss for any amount by which the carrying amount of a reporting unit’s goodwill exceeds the reporting unit’s implied fair value (IFV) of goodwill. Our assessment consist ed of a two -step impairment test. In the first step, we compare each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. If the carrying amount of the reporting unit exceeds its fair value, goodwill is potentially impaired, and a second step is performed to determine the amount of impairment, if any. Future impairment tests will be impacted by new accounting guidance which eliminates the second step of the goodwill impairment test. W e 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 two -step 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 first step of the two -step goodwill impairment test. In performing the two -step impairment test, we compare each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. Because none of our reporting units has a publically 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 an IFV 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 IFV 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). We also use acquisition multiples analyses in certain circumstances. The relative weighting of each approach varies by reporting unit, based on management’s judgment. 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 have historically used an average EBITDA multiple ranging from approximately 6.5x to approximately 9.5x depending on the reporting unit. 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. 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 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 3%. 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 IFV 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 IFV 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, and are therefore uncertain. 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 IFV of each reporting unit would change if our assumptions under these valuation approaches, or relative weighting of the valuation approaches, were materially modified. Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 related to our goodwill. Other Intangible Asset s. 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. We evaluate the remaining useful life of an intangible asset that is not being amortized each reporting period to determine whether events and circumstances continue to support an indefinite useful life. We are required to evaluate our indefinite-lived intangible assets for impairment annually and when an event occurs or circumstances change to suggest the carrying amount may not be recoverable. In performing the impairment test, we compare the fair value of the indefinite-lived intangible asset with its carrying amount. The measurement of the impairment is calculated based on the excess of the carrying value over its fair value. Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 related to our intangible assets.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	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, 2017, 2016, and 2015, we recognized approximately $( 1.5 ) million, $( 0.6 ) million and $9.0 million in foreign currency gains (losses), respectively.
Foreign Exchange Risk, Policy [Policy Text Block]	Foreign Exchange 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 Recognition, Policy [Policy Text Block]	Revenue and Cost Recognition We derive the majority of our revenue from lodging and related ancillary services. In each of our operating segments, revenue is recognized in the period in which our obligations are satisfied pursuant to the terms of our contractual relationships with our customers. This occurs 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. 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. Revenue from the sale of products, not accounted for utilizing the cost based input method, is recognized at a point in time following the transfer of control of such products to the customer, which typically occurs upon delivery to and acceptance by the customer, when title and all significant risks of ownership have passed to the customer, collectability is reasonably assured and pricing is fixed and determinable. Our product sales terms do not include significant post-delivery obligations. For significant projects, revenues are recognized applying the cost based input methods, measured by the actual costs incurred relative to the total estimated costs to determine our progress towards contract completion and to calculate the corresponding amount of revenue and gross profit to recognize . Billings on such contracts in excess of costs incurred and estimated profits are classified as deferred revenue. Costs incurred and estimated profits in excess of billings on these contracts are recognized as unbilled receivables. Management believes this input method is the most appropriate measure of progress to the satisfaction of a performance obligation on large contracts. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, estimated profitability, and final contract settlements may result in revisions to projected costs and revenue and are recognized in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated . Factors that may affect future project costs and margins include weather, production efficiencies, availability and costs of labor, materials and subcomponents. These factors can significantly impact the accuracy of our estimates and materially impact our future reported earnings. 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 Tax, Policy [Policy Text Block]	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. 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. On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (U.S. Tax Reform) was signed into law making significant changes to the U.S. Internal Revenue Code. Changes include, but are not limited to, a corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S. international taxation from a worldwide tax system to a territorial system and a one -time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. Please see Note 13 – Income Taxes for further information.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	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 years ended December 31, 2017 and 2016, each of Imperial Oil and Fort Hills Energy LP accounted for more than 10% of our revenues. For the year ended December 31, 2015, each of Imperial Oil, Fort Hills Energy LP and BM Alliance Coal Operations Pty Ltd accounted for more than 10% of our revenues.
Asset Retirement Obligation [Policy Text Block]	Asset Retirement Obligations 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 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. We have AROs that we are required to perform under law or contract once an asset is permanently taken out of service. Most of these obligations are not expected to be paid until several years in the future and will be funded from general company resources at the time of removal. Please see Note 12 – Asset Retirement Obligations for further discussion.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	S hare -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) 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 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. We also grant performance awards. These awards are earned in amounts between 0% and 200% of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group of other companies. The fair value is estimated using option-pricing models. 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.
Guarantees, Indemnifications and Warranties Policies [Policy Text Block]	Guarantees Substantially all of our Canadian and U.S. subsidiaries are guarantors under our Amended Credit Agreement. See Note 10 - Debt. 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, 2017, the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately $2.4 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, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Examples of a few such estimates include revenue and income recognized on the percentage-of-completion method, estimates of the amount and timing of costs to be incurred for asset retirement obligations, any valuation allowance recorded on net deferred tax assets, warranty claims, long-lived asset impairments and allowance for doubtful accounts. Actual results could materially differ from those estimates.
Commitments and Contingencies, Policy [Policy Text Block]	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. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified and we have made an assessment of our exposure and recorded a provision in our accounts to cover an expected loss. 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, taxes, interest, insurance claims, warranty claims and contract claims and obligations.
New Accounting Pronouncements, Policy [Policy Text Block]	R ecent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards or other guidance updates, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption. In June 2016, the FASB issued Accounting Standards Update (ASU) 2016 - 13, “Financial Instruments – Credit Losses” (ASU 2016 - 13 ). This new standard changes how companies will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016 - 13 is effective for financial statements issued for reporting periods beginning after December 15, 2019 and interim periods within the reporting periods. We are currently evaluating the impact of this new standard on our consolidated financial statements. In March 2016, the FASB issued ASU 2016 - 09, “Improvements to Employee Share-Based Payment Accounting” (ASU 2016 - 09 ). This new standard requires companies to recognize the income tax effects of awards in the income statement when the awards vest or are settled. ASU 2016 - 09 is effective for financial statements issued for reporting periods beginning after December 15, 2016 and interim periods within the reporting periods. The changes to the accounting for forfeitures and excess tax benefits or deficiencies should be applied using a modified retrospective transition method with a cumulative-effect adjustment to retained earnings. We adopted this standard effective January 1, 2017. Upon adoption of this standard, we no longer estimate forfeitures in advance and now recognize forfeitures as they occur and have reflected a cumulative effect adjustment of $0.6 million to accumulated deficit in the accompanying consolidated balance sheet as of December 31, 2017. In addition, this new standard requires that companies classify the cash paid to a tax authority when shares are withheld to satisfy the employer’s statutory income tax withholding obligation as a financing activity. As a result of our withholding of shares for tax-withholding purposes, during the year ended December 31, 2016, we withheld approximately 68,000 shares at a total value of $0.1 million. As a result of our adoption of ASU 2016 - 09, we reclassified $0.1 million of tax-withholdings from operating activities to financing activities on the accompanying consolidated statement of cash flows for the years ended December 31, 2016 and 2015. In February 2016 , the FASB issued ASU 2016 - 02, “Leases” (Topic 842 ), which replaces the existing guidance for lease accounting, Leases (Topic 840 ). ASU 2016 - 02 requires lessees to recognize a lease liability and a right-of-use asset for all leases with terms longer than 12 months. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 and interim periods within the reporting periods. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of this new standard on our consolidated financial statements. In May 2014, the FASB issued ASU 2014 - 09 establishing Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers” (ASC 606 ). ASC 606 establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for those goods or services and requires significantly enhanced revenue disclosures. The standard is effective for annual and interim reporting periods beginning after December 15, 2017. Accordingly, we plan to adopt this standard in the first quarter of 2018. ASC 606 allows either full retrospective or modified retrospective transition, and we currently plan to use the modified retrospective method of adoption. Our evaluation of the impact of this new standard on our consolidated financial statements included performing a detailed review of key contracts representative of our different businesses and comparing historical accounting policies and practices to the new standard. During 2017, we reviewed a material amount of our lodge and village contracts, as well as other revenue generating contracts, in our Canadian, U.S. and Australian segments. Based on our review of these contracts, we do not expect the new revenue recognition standard to have a material impact on our consolidated financial statements upon adoption.

Note 3 - Impairment Charges (Tables)

12 Months Ended

Dec. 31, 2017

Asset Impairment Charges [Table Text Block]

	Canada		Australia		U.S.		Total
Quarter ended September 30, 2017
Long-lived assets	$	4,360	$	--	$	--	$	4,360
Quarter ended December 31, 2017
Long-lived assets		27,244		--		--		27,244
Total	$	31,604	$	--	$	--	$	31,604

	Canada		Australia		U.S.		Total
Quarter ended March 31, 2016
Long-lived assets	$	--	$	--	$	8,400	$	8,400
Quarter ended September 30, 2016
Long-lived assets		37,729		--		--		37,729
Total	$	37,729	$	--	$	8,400	$	46,129

	Canada		Australia		U.S. and Other		Total
Quarter ended March 31, 2015
Long- lived assets	$	--	$	--	$	2,738	$	2,738
Quarter ended June 30, 2015
Long- lived assets		--		9,473		--		9,473
Quarter ended September 30, 2015
Goodwill		43,194		--		--		43,194
Long- lived assets		23,041		23,980		18,040		65,061
Intangible assets		--		--		2,460		2,460
Total	$	66,235	$	33,453	$	23,238	$	122,926

Note 5 - Details of Selected Balance Sheet Accounts (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	December 31, 2017			December 31, 201 6
Accounts receivable, net:
Trade	$	46,692		$	39,442
Unbilled revenue		20,555			16,063
Other		914			1,435
Total accounts receivable		68,161			56,940
Allowance for doubtful accounts		(1,338	)		(638	)
Total accounts receivable, net	$	66,823		$	56,302

Schedule of Inventory, Current [Table Text Block]

	December 31, 2017		December 31, 201 6
Inventories:
Finished goods and purchased products	$	2,211	$	1,700
Work in process		4,096		3
Raw materials		939		1,409
Total inventories	$	7,246	$	3,112

Property, Plant and Equipment [Table Text Block]

	Estimated Useful Life (in years)			December 31, 2017			December 31, 201 6
Property, plant and equipment, net:
Land				$	40,567		$	41,122
Accommodations assets	3	-	15		1,658,867			1,554,986
Buildings and leasehold improvements	5	-	20		24,181			28,104
Machinery and equipment	4	-	15		8,848			9,667
Office furniture and equipment	3	-	7		53,688			29,948
Vehicles	3	-	5		13,869			14,725
Construction in progress					2,770			23,016
Total property, plant and equipment					1,802,790			1,701,568
Accumulated depreciation					(1,108,957	)		(911,858	)
Total property, plant and equipment, net				$	693,833		$	789,710

Schedule of Accrued Liabilities [Table Text Block]

	December 31, 2017		December 31, 201 6
Accrued liabilities:
Accrued compensation	$	20,424	$	13,189
Accrued taxes, other than income taxes		1,224		917
Accrued interest		15		194
Other		545		522
Total accrued liabilities	$	22,208	$	14,822

Note 6 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	201 7			201 6			201 5
Basic Loss per Share
Net loss attributable to Civeo	$	(105,713	)	$	(96,388	)	$	(131,759	)
Less: undistributed net income to participating securities		--			--			--
Net loss attributable to Civeo’s common shareholders - basic	$	(105,713	)	$	(96,388	)	$	(131,759	)

Weighted average common shares outstanding - basic		128,365			107,024			106,604

Basic loss per share	$	(0.82	)	$	(0.90	)	$	(1.24	)

Diluted Loss per Share
Net loss attributable to Civeo’s common shareholders – basic	$	(105,713	)	$	(96,388	)	$	(131,759	)
Less: undistributed net income to participating securities		--			--			--
Net loss attributable to Civeo’s common shareholders - diluted	$	(105,713	)	$	(96,388	)	$	(131,759	)


Weighted average common shares outstanding - basic		128,365			107,024			106,604
Effect of dilutive securities (1 )		--			--			--
Weighted average common shares outstanding - diluted		128,365			107,024			106,604

Diluted loss per share	$	(0.82	)	$	(0.90	)	$	(1.24	)

Note 7 - Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2017

Disposal Groups, Including Discontinued Operations [Table Text Block]

	December 31,		December 31,
	2017		2016
Assets held for sale:
Property, plant and equipment, net	$	9,418	$	4,419
Inventories		44		--
Total assets held for sale	$	9,462	$	4,419

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Note 8 - Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

	201 7			201 6		201 5

Interest (net of amounts capitalized)	$	17,362		$	18,927	$	21,385
Income taxes paid, net of refunds		(7,755	)		3,404		(5,169	)

Note 9 - Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Indefinite-Lived Intangible Assets [Table Text Block]

	AS OF DECEMBER 31,
	201 7					201 6
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets
Customer relationships	$	45,209	$	(33,997	)	$	42,614	$	(28,804	)
Contracts / agreements		38,362		(26,853	)		35,499		(21,300	)
Noncompete agreements		675		(675	)		749		(749	)
Total amortizable intangible assets	$	84,246	$	(61,525	)	$	78,862	$	(50,853	)

Indefinite-Lived Intangible Assets Not Subject to Amortization
Licenses		32		--			30		--
Total indefinite-lived intangible assets		32		--			30		--
Total intangible assets	$	84,278	$	(61,525	)	$	78,892	$	(50,853	)

Note 10 - Debt (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Long-term Debt Instruments [Table Text Block]

	December 31, 2017		December 31, 2016
U.S . term loan, which matures on May 28, 2019; weighted average interest rate of 4.5% for the twelve-month period ended December 31, 2017	$	--	$	24,375

Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter; weighted average interest rate of 4.5% for the twelve-month period ended December 31, 2017		297,623		293,763

U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 6.5% for the twelve-month period ended December 31, 2017		--		--

Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.3% for the twelve-month period ended December 31, 2017		--		23,089

Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.3% for the twelve-month period ended December 31, 2017		--		9,533

Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.1% for the twelve-month period ended December 310, 2017		--		6,507
		297,623		357,267
Less: Unamortized debt issuance costs		3,037		3,996
Total debt		294,586		353,271
Less: Current portion of long-term debt, including unamortized debt issuance costs, net		16,596		15,471
Long-term debt, less current maturities	$	277,990	$	337,800

Schedule of Maturities of Long-term Debt [Table Text Block]

2018		16,767
2019		280,856
	$	297,623

Schedule Of Changes In Maximum Leverage Ratio [Table Text Block]

Period Ended	Maximum Leverage Ratio
December 31, 2017	5.85 : 1.00
March 31, 2018	5.85 : 1.00
June 30, 2018	5.85 : 1.00
September 30, 2018	5.85 : 1.00
December 31, 2018	5.50 : 1.00
March 31, 2019 & thereafter	5.25 : 1.00

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Note 12 - Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Asset Retirement Obligations [Table Text Block]

	201 7		201 6

Asset retirement obligations	$	17,185	$	17,584
Less: Asset retirement obligations due within one year*		1,799		2,374
Long-term asset retirement obligations	$	15,386	$	15,210

Schedule of Change in Asset Retirement Obligation [Table Text Block]

	201 7			201 6			201 5
Balance as of January 1	$	17,584		$	17,299		$	21,610
Accretion of discount		1,353			1,351			1,292
New obligations		86			--			81
Change in estimates of existing obligations		(1,901	)		(1,182	)		(2,366	)
Settlement of obligations		(816	)		(376	)		(132	)
Foreign currency translation		879			492			(3,186	)
Balance as of December 31	$	17,185		$	17,584		$	17,299

Note 13 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2017			2016			2015
Canada operations	$	(87,143	)	$	(87,234	)	$	(73,691	)
Foreign operations		(31,601	)		(28,698	)		(90,062	)
Total	$	(118,744	)	$	(115,932	)	$	(163,753	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2017			2016			2015
Current:
Canada	$	(5,986	)	$	(8,646	)	$	(820	)
Foreign		1,472			1,749			1,906
Total	$	(4,514	)	$	(6,897	)	$	1,086

Deferred:
Canada	$	(9,194	)	$	(12,169	)	$	(2,707	)
Foreign		218			(1,039	)		(31,468	)
Total	$	(8,976	)	$	(13,208	)	$	(34,175	)

Total Benefit	$	(13,490	)	$	(20,105	)	$	(33,089	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2017					2016					2015
Federal tax benefit at statutory rates	$	(32,061	)	27.0	%	$	(31,302	)	27.0	%	$	(44,213	)	27.0	%
Effect of foreign income tax, net		(3,399	)	2.9	%		(6,593	)	5.7	%		(15,088	)	9.2	%
Enacted tax rate change – U.S. Tax Reform		9,047		(7.6	%)		--		--			--		--
Valuation allowance – U.S. Tax Reform		(9,047	)	7.6	%		--		--			--		--
Valuation allowance – Other		19,130		(16.1	%)		15,051		(13.0	%)		11,189		(6.8	%)
Tax effects of restructuring		--		--			3,038		(2.6	%)		17,600		(10.8	%)
Deemed income from foreign subsidiaries		334		(0.3	%)		1,108		(1.0	%)		4,190		(2.6	%)
Enacted tax rate change - Canada		598		(0.5	%)		712		(0.6	%)		3,332		(2.0	%)
Goodwill impairment		--		--			--		--			11,533		(7.0	%)
Tax on future unremitted earnings		--		--			--		--			(25,306	)	15.4	%
Other, net		1,908		(1.6	%)		(2,119	)	1.8	%		3,674		(2.2	%)
Net income tax benefit	$	(13,490	)	11.4	%	$	(20,105	)	17.3	%	$	(33,089	)	20.2	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2017			2016
Deferred tax assets:
Net operating loss	$	70,920		$	49,810
Employee benefits		5,560			6,952
Deductible goodwill and other intangibles		50,758			45,262
Other reserves		6,854			4,773
Unearned revenue		1,424			1,776
Other		188			1,588
Deferred tax assets		135,704			110,161
Valuation allowance		(90,663	)		(76,157	)
Deferred tax assets, net	$	45,041		$	34,004
Deferred tax liabilities:
Depreciation	$	(44,141	)	$	(42,701	)
Investment		(900	)		(497	)
Deferred tax liabilities		(45,041	)		(43,198	)
Net deferred tax liability	$	--		$	(9,194	)

Summary Of Operating Loss and Tax Credit Carry forwards [Table Text Block]

	Amount		Expiration Period
Net operating loss carryforwards:
Canada	$	121,115	Begins to expire in 2035
Australia		85,840	Does not expire
U.S. – Federal		32,671	Begins to expire in 2036
U.S. – State		5,606	Begins to expire in 2020

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2017		2016			2015
Balance as of January 1	$	--	$	679		$	679
Additions for tax positions of prior years		--		--			--
Reductions for tax positions of prior years		--		--			--
Reductions for settlements		--		--			--
Lapse of the applicable statute of limitations		--		(679	)		--
Balance as of December 31	$	--	$	--		$	679

Valuation Allowance of Deferred Tax Assets [Member]

Summary of Valuation Allowance [Table Text Block]

	Foreign Tax Credits			Federal / State NOLs			Net Deferred Tax Assets			Other			Total
Balance as of December 31, 201 5	$	(58,906	)	$	(1,526	)	$	(54,128	)	$	(527	)	$	(115,087	)
Change in income tax provision		--			(13,580	)		(1,085	)		(386	)		(15,051	)
Write-off of U.S. foreign tax credits		58,906			--			--			--			58,906
Other change		--			(4,008	)		(1,174	)		(72	)		(5,254	)
Foreign currency translation		--			1			344			(16	)		329
Balance as of December 31, 201 6		--			(19,113	)		(56,043	)		(1,001	)		(76,157	)
Change in income tax provision – U.S. Tax Reform		--			4,574			4,473			--			9,047
Change in income tax provision - Other		--			(17,622	)		(1,508	)		--			(19,130	)
Other change		--			1,277			(1,290	)		255			242
Foreign currency translation		--			(515	)		(4,150	)		--			(4,665	)
Balance as of December 31, 2017	$	--		$	(31,399	)	$	(58,518	)	$	(746	)	$	(90,663	)

Note 14 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

201 8	$	3,850
201 9		3,441
20 20		3,209
202 1		2,006
202 2		1,501
Thereafter		7,110
Total	$	21,117

Note 16 - Share Based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

Share-based Compensation, Stock Options, Activity [Table Text Block]

	Options			Weighted Average Exercise Price Per Share		Weighted Average Contractual Life (Years)		Intrinsic Value (Thousands)
Outstanding Options at December 31, 2014		532,926		$	11.03		3.4	$	66,130
Granted		--			--
Exercised		(137,771	)		3.63
Forfeited / Expired		(4,821	)		16.43
Outstanding Options at December 31, 201 5		390,334		$	13.58		3.5	$	--
Granted		--			--
Exercised		--			--
Forfeited / Expired		(224,448	)		10.33
Outstanding Options at December 31, 201 6		165,886		$	17.98		4.6	$	--
Granted		--			--
Exercised		--			--
Forfeited / Expired		(20,085	)		18.10
Outstanding Options at December 31, 201 7		145,801		$	17.97		4.5	$	--

Exercisable Options at December 31, 201 6		145,804		$	17.67		4.4	$	--
Exercisable Options at December 31, 201 7		139,491		$	17.79		4.2	$	--

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

			Options Outstanding						Options Exercisable
Range of Exercise Prices			Number Outstanding as of December 31, 201 7		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable as of December 31, 201 7		Weighted Average Exercise Price

$16.43				63,142		3.13	$	16.43		63,142	$	16.43
$17.48				29,849		5.14	$	17.48		29,849	$	17.48
$18.43				27,553		4.13	$	18.43		27,553	$	18.43
$21.87				25,257		6.14	$	21.87		18,947	$	21.87
$16.43	-	$21.87		145,801		4.25	$	17.97		139,491	$	17.79

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Nu mber of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2014		576,882		$	19.78
Granted		1,208,642			3.61
Vested		(248,215	)		18.17
Forfeited		(223,745	)		7.54
Nonvested shares at December 31, 201 5		1,313,564		$	7.29
Granted		584,283			1.64
Vested		(526,628	)		8.15
Forfeited		(72,847	)		7.04
Nonvested shares at December 31, 201 6		1,298,372		$	4.41
Granted		1,655,067			3.14
Vested		(733,147	)		4.19
Forfeited		(49,968	)		3.43
Nonvested shares at December 31, 201 7		2,170,324		$	3.54

Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions [Table Text Block]

	2017			2016
Risk-free weighted interest rate		1.50	%		0.92	%
Expected volatility		90.0	%		90.0	%
Initial TSR		0.04	%		93.7	%

Performance Shares [Member] | Civeo Plan [Member]

Share-based Compensation, Performance Shares Award Nonvested Activity [Table Text Block]

	Number of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2015		--		$	--
Granted		2,400,606			3.18
Vested		--			--
Forfeited		(448,922	)		3.18
Nonvested shares at December 31, 2016		1,951,684		$	3.18
Granted		762,497			5.20
Vested		--			--
Forfeited		(38,699	)		3.64
Nonvested shares at December 31, 2017		2,675,482		$	3.75

Phantom Share Units (PSUs) [Member]

Schedule of Nonvested Share Activity [Table Text Block]

	Nu mber of Awards
Nonvested shares at December 31, 2014		432,881
Granted		1,920,451
Vested		(202,284	)
Forfeited		(352,848	)
Nonvested shares at December 31, 201 5		1,798,200
Granted		6,831,957
Vested		(608,230	)
Forfeited		(1,751,963	)
Nonvested shares at December 31, 201 6		6,269,964
Granted		750,525
Vested		(2,207,589	)
Forfeited		(263,161	)
Nonvested shares at December 31, 201 7		4,549,739

Note 17 - Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Total Revenues			Less: Intersegment Revenues			Revenues from unaffiliated customers		Depreciation and amortization			Operating loss			Capital expenditures		Total assets
201 7
Canada	$	245,595		$	--		$	245,595	$	69,983		$	(63,211	)	$	3,893	$	550,378
Australia		111,221			--			111,221		45,699			(11,528	)		2,772		353,840
United States		25,460			--			25,460		4,653			(14,426	)		1,912		33,128
Corporate, s tand-alone adjustments and eliminations		--			--			--		6,108			(8,806	)		2,617		(83,434	)
Total	$	382,276		$	--		$	382,276	$	126,443		$	(97,971	)	$	11,194	$	853,912

201 6
Canada	$	278,464		$	--		$	278,464	$	80,837		$	(59,351	)	$	3,773	$	548,786
Australia		106,815			--			106,815		45,883			(6,853	)		5,682		376,008
United States		11,951			--			11,951		5,433			(24,616	)		6		29,799
Corporate, s tand-alone adjustments and eliminations		--			--			--		(851	)		(4,940	)		10,318		(44,147	)
Total	$	397,230		$	--		$	397,230	$	131,302		$	(95,760	)	$	19,779	$	910,446

201 5
Canada	$	344,249		$	--		$	344,249	$	89,269		$	(73,215	)	$	41,446	$	579,816
Australia		135,964			--			135,964		51,392			(24,817	)		12,160		424,731
United States		40,146			(2,396	)		37,750		11,833			(40,083	)		2,170		71,710
Corporate, s tand-alone adjustments and eliminations		(2,396	)		2,396			--		496			(6,888	)		6,675		(9,728	)
Total	$	517,963		$	--		$	517,963	$	152,990		$	(145,003	)	$	62,451	$	1,066,529

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	Canada		Australia		U.S. and Other		Total
201 7
Revenues from unaffiliated customers	$	245,595	$	111,221	$	25,460	$	382,276
Long-lived assets		353,710		331,511		32,280		717,501

201 6
Revenues from unaffiliated customers	$	278,464	$	106,815	$	11,951	$	397,230
Long-lived assets		431,477		348,293		46,995		826,765

201 5
Revenues from unaffiliated customers	$	344,249	$	135,964	$	37,750	$	517,963
Long-lived assets		532,419		390,623		56,935		979,977

Note 18 - Valuation Accounts (Tables)

12 Months Ended

Dec. 31, 2017

Summary Of Valuation And Qualifying Accounts [Table Text Block]

	Balance at Beginning of Period		Charged to Costs and Expenses			Deductions (Net of Recoveries)			Translation and Other, Net			Balance at End of Period

Year Ended December 31, 201 7 :
Allowance for doubtful accounts receivable	$	638	$	48		$	(23	)	$	675		$	1,338
Valuation allowance for deferred tax assets		76,157		10,083			(242	)		4,665			90,663

Year Ended December 31, 201 6 :
Allowance for doubtful accounts receivable	$	1,121	$	(110	)	$	(377	)	$	4		$	638
Valuation allowance for deferred tax assets		115,087		15,051			(53,652	)		(329	)		76,157

Year Ended December 31, 201 5 :
Allowance for doubtful accounts receivable	$	4,043	$	1,004		$	(3,844	)	$	(82	)	$	1,121
Valuation allowance for deferred tax assets		49,523		70,095			--			(4,531	)		115,087

Note 19 - Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information [Table Text Block]

	First Quarter (2)			Second Quarter (3)			Third Quarter (4)			Fourth Quarter (5)
201 7
Revenues	$	91,429		$	92,010		$	97,489		$	101,348
Gross profit (1)		29,757			32,526			31,962			30,773
Net income (loss) attributable to Civeo		(20,987	)		(14,816	)		(22,331	)		(47,579	)
Basic earnings (loss) per share		(0.17	)		(0.11	)		(0.17	)		(0.36	)
Diluted earnings (loss) per share		(0.17	)		(0.11	)		(0.17	)		(0.36	)

201 6
Revenues	$	95,036		$	107,035		$	104,238		$	90,921
Gross profit (1)		29,093			42,449			36,274			29,764
Net income attributable to Civeo		(26,822	)		(11,486	)		(42,131	)		(15,949	)
Basic earnings per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)
Diluted earnings per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)

Note 1 - Description of Business and Basis of Presentation (Details Textual)	12 Months Ended
	Dec. 31, 2017
Number of Reportable Segments	3

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands				11 Months Ended	12 Months Ended
	Dec. 22, 2017	Feb. 21, 2017	Feb. 23, 2016	Dec. 13, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Interest Costs Capitalized						$ 0	$ 0	$ 1,600
Number of Reporting Units						3
Fair Value Inputs, Long-term Revenue Growth Rate						3.00%
Foreign Currency Transaction Gain (Loss), Realized						$ (1,500)	$ (600)	$ 9,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%					27.00%	27.00%	27.00%
Guarantor Obligations, Maximum Exposure, Undiscounted						$ 2,400
Cumulative Effect of New Accounting Principle in Period of Adoption
Shares Paid for Tax Withholding for Share Based Compensation							68,000
Adjustments Related to Tax Withholding for Share-based Compensation							$ 100
Reclassification of Tax Withholdings from Operating Activities to Financing Activities [Member] \| Years Ended December 31, 2016 and 2015 [Member]
Prior Period Reclassification Adjustment						100
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption						$ (636)
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%
Minimum [Member]
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple						6.5
Minimum [Member] \| Civeo Plan [Member] \| Performance Shares [Member]
Target Performance Share Award, Percentage		0.00%	0.00%	0.00%
Maximum [Member]
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple						9.5
Maximum [Member] \| Civeo Plan [Member] \| Performance Shares [Member]
Target Performance Share Award, Percentage		200.00%	200.00%	200.00%

Note 3 - Impairment Charges (Details Textual) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment, Net	$ 693,833							$ 693,833	$ 789,710
Impairment of Long-Lived Assets Held-for-use	27,244	$ 4,360	$ 37,729	$ 8,400	$ 65,061	$ 9,473	$ 2,738
Disposal Group, Including Discontinued Operation, Assets, Current	9,462							9,462	4,419
Inventory Write-down								525	850	$ 1,015
Goodwill, Impairment Loss					43,194
Asset Impairment Charges								31,604	46,129	122,926
Impairment of Intangible Assets, Finite-lived					2,460
Johnstown Facility [Member]
Disposal Group, Including Discontinued Operation, Assets, Current							8,700
Impairment of Long-Lived Assets to be Disposed of							2,700
Inventory Write-down							1,100
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	27,244	4,360	37,729		23,041
Goodwill					0
Goodwill, Impairment Loss					43,194
Asset Impairment Charges								31,604	37,729	66,235
Impairment of Intangible Assets, Finite-lived
Canadian Segment [Member] \| Asset Impairment Fourth Quarter of 2014 [Member]
Impairment of Long-Lived Assets Held-for-use					11,900
US Segment and Other [Member]
Property, Plant and Equipment, Net				3,800
Impairment of Long-Lived Assets Held-for-use				8,400	18,040		2,738
Goodwill, Impairment Loss
Asset Impairment Charges									8,400	23,238
Impairment of Intangible Assets, Finite-lived					2,460
Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use					23,980	9,473
Property, Plant, and Equipment, Fair Value Disclosure					10,300
Asset Impairment Charges										$ 33,453
Impairment of Intangible Assets, Finite-lived
US Segment [Member]
Impairment of Long-Lived Assets Held-for-use					18,000
Property, Plant, and Equipment, Fair Value Disclosure					9,500
Asset Impairment Charges					20,500
Impairment of Intangible Assets, Finite-lived					2,500
Two Lodges in Southern Alberta [Member] \| Canadian Segment [Member]
Property, Plant and Equipment, Net	0							$ 0
Impairment of Long-Lived Assets Held-for-use	$ 27,200
Open Camp Assets [Member] \| Canadian Segment [Member]
Property, Plant and Equipment, Net		0
Impairment of Long-Lived Assets Held-for-use		3,200
Undeveloped Land Positions [Member] \| Canadian Segment [Member]
Property, Plant and Equipment, Net			5,600
Impairment of Long-Lived Assets Held-for-use		$ 1,200
Mobile Camp Assets [Member] \| Canadian Segment [Member]
Property, Plant and Equipment, Net			$ 26,600
Impaired Fixed Assets [Member] \| Australian Segment [Member]
Property, Plant and Equipment, Net						100
Impairment of Long-Lived Assets Held-for-use						$ 9,500
Impaired Long-lived Asset with Impairment Not Due to an Error Correction [Member] \| Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use					11,100
Property, Plant, and Equipment, Fair Value Disclosure					$ 12,600

Note 3 - Impairment Charges - Summary of Pre-tax Impairment Charges Included in Impairment Expense (Details) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Impairment of Long-Lived Assets Held-for-use	$ 27,244	$ 4,360	$ 37,729	$ 8,400	$ 65,061	$ 9,473	$ 2,738
Total								$ 31,604	$ 46,129	$ 122,926
Goodwill					43,194
Intangible assets					2,460
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	27,244	4,360	37,729		23,041
Total								31,604	37,729	66,235
Goodwill					43,194
Intangible assets
Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use					23,980	9,473
Total										33,453
Intangible assets
US Segment and Other [Member]
Impairment of Long-Lived Assets Held-for-use				$ 8,400	18,040		$ 2,738
Total									$ 8,400	$ 23,238
Goodwill
Intangible assets					$ 2,460

Note 5 - Details of Selected Balance Sheet Accounts (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2017	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Inventory Write-down			$ 525	$ 850	$ 1,015
Cost of Sales [Member] \| Canadian Segment [Member]
Inventory Write-down	$ 500	$ 900

Note 5 - Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accounts receivable, net:
Accounts receivable	$ 68,161	$ 56,940
Allowance for doubtful accounts	(1,338)	(638)
Total accounts receivable, net	66,823	56,302
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts receivable	46,692	39,442
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts receivable	20,555	16,063
Other Receivable [Member]
Accounts receivable, net:
Accounts receivable	$ 914	$ 1,435

Note 5 - Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Inventories:
Finished goods and purchased products	$ 2,211	$ 1,700
Work in process	4,096	3
Raw materials	939	1,409
Total inventories	$ 7,246	$ 3,112

Note 5 - Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, plant and equipment, gross	$ 1,802,790	$ 1,701,568
Accumulated depreciation	(1,108,957)	(911,858)
Total property, plant and equipment, net	693,833	789,710
Land [Member]
Property, plant and equipment, gross	40,567	41,122
Accommodations Assets [Member]
Property, plant and equipment, gross	$ 1,658,867	1,554,986
Accommodations Assets [Member] \| Minimum [Member]
Property, plant and equipment, useful life (Year)	3 years
Accommodations Assets [Member] \| Maximum [Member]
Property, plant and equipment, useful life (Year)	15 years
Building and Building Improvements [Member]
Property, plant and equipment, gross	$ 24,181	28,104
Building and Building Improvements [Member] \| Minimum [Member]
Property, plant and equipment, useful life (Year)	5 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, plant and equipment, useful life (Year)	20 years
Machinery and Equipment [Member]
Property, plant and equipment, gross	$ 8,848	9,667
Machinery and Equipment [Member] \| Minimum [Member]
Property, plant and equipment, useful life (Year)	4 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, plant and equipment, useful life (Year)	15 years
Furniture and Fixtures [Member]
Property, plant and equipment, gross	$ 53,688	29,948
Furniture and Fixtures [Member] \| Minimum [Member]
Property, plant and equipment, useful life (Year)	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, plant and equipment, useful life (Year)	7 years
Vehicles [Member]
Property, plant and equipment, gross	$ 13,869	14,725
Vehicles [Member] \| Minimum [Member]
Property, plant and equipment, useful life (Year)	3 years
Vehicles [Member] \| Maximum [Member]
Property, plant and equipment, useful life (Year)	5 years
Construction in Progress [Member]
Property, plant and equipment, gross	$ 2,770	$ 23,016

Note 5 - Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Accrued liabilities:
Accrued compensation	$ 20,424	$ 13,189
Accrued taxes, other than income taxes	1,224	917
Accrued interest	15	194
Other	545	522
Total accrued liabilities	$ 22,208	$ 14,822

Note 6 - Earnings Per Share (Details Textual) - shares shares in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.1	1.3	1.3

Note 6 - Earnings Per Share - Calculation of Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

^[1]

Sep. 30, 2017

^[2]

Jun. 30, 2017

^[3]

Mar. 31, 2017

^[4]

Dec. 31, 2016

^[1]

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Net loss attributable to Civeo

$ (47,579)

$ (22,331)

$ (14,816)

$ (20,987)

$ (15,949)

$ (42,131)

$ (11,486)

$ (26,822)

$ (105,713)

$ (96,388)

$ (131,759)

Less: undistributed net income to participating securities

Net loss attributable to Civeo’s common shareholders - basic

$ (105,713)

$ (96,388)

$ (131,759)

Weighted average common shares outstanding - basic (in shares)

128,365

107,024

106,604

Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)

$ (0.36)

$ (0.17)

$ (0.11)

$ (0.17)

$ (0.15)

$ (0.39)

$ (0.11)

$ (0.25)

$ (0.82)

$ (0.90)

$ (1.24)

Net loss attributable to Civeo’s common shareholders – basic

$ (105,713)

$ (96,388)

$ (131,759)

Less: undistributed net income to participating securities

Net loss attributable to Civeo’s common shareholders - diluted

$ (105,713)

$ (96,388)

$ (131,759)

Effect of dilutive securities (in shares)

^[5]

Weighted average common shares outstanding - diluted (in shares)

128,365

107,024

106,604

Diluted net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)

$ (0.36)

$ (0.17)

$ (0.11)

$ (0.17)

$ (0.15)

$ (0.39)

$ (0.11)

$ (0.25)

$ (0.82)

$ (0.90)

$ (1.24)

[1]	In the fourth quarter of 2017, we recognized the following items: Costs associated with our pending acquisition of Noralta of $2.3 million ($2.2 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. A charge of $27.2 million ($19.9 million after-tax, or $0.15 per diluted share), related to certain lodge assets in the southern oil sands which carrying values we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.
[2]	In the third quarter of 2017, we recognized the following items: A charge of $4.4 million ($3.2 million after-tax, or $0.02 per diluted share), related to leasehold improvements and undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations. In the third quarter of 2016, we recognized the following items: A charge of $37.7 million ($27.5 million after-tax, or $0.26 per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.
[3]	In the second quarter of 2017, there were no significant items recognized. In the second quarter of 2016, we recognized the following items: Costs associated with our migration to Canada of $0.2 million ($0.2 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations.
[4]	In the first quarter of 2017, there were no significant items recognized. In the first quarter of 2016, we recognized the following items: Costs associated with our migration to Canada of $1.0 million ($0.7 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. A charge of $8.4 million ($8.4 million after-tax, or $0.05 per diluted share), related to the impairment of certain fixed assets which carrying value we determined not to be recoverable. The charge, which is related to our U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations.
[5]	When an entity has a net loss from continuing operations, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized the basic shares outstanding amount to calculate both basic and diluted loss per share for the years ended December 31, 2017, 2016 and 2015. In the years ended December 31, 2017, 2016 and 2015, we excluded from the calculation 2.1 million, 1.3 million and 1.3 million share based awards, respectively, since the effect would have been anti-dilutive.

Note 7 - Assets Held for Sale (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disposal Group, Including Discontinued Operation, Assets, Current	$ 9,462	$ 9,462	$ 4,419
Modular Construction and Manufacturing Plant Near Edmonton, Alberta, Canada [Member] \| Canadian Segment [Member]
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	500
Disposal Group, Including Discontinued Operation, Depreciation and Amortization		500	$ 700	$ 700
Undeveloped Land Positions in the British Columbia Segment [Member] \| Canadian Segment [Member]
Disposal Group, Including Discontinued Operation, Assets, Current	$ 4,400	$ 4,400

Note 7 - Assets Held for Sale - Carrying Amount of Assets Held for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Assets held for sale:
Property, plant and equipment, net	$ 9,418	$ 4,419
Inventories	44
Total assets held for sale	$ 9,462	$ 4,419

Note 8 - Supplemental Cash Flow Information - Cash Paid for Interest and Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Interest (net of amounts capitalized)	$ 17,362	$ 18,927	$ 21,385
Income taxes paid, net of refunds	$ (7,755)	$ 3,404	$ (5,169)

Note 9 - Other Intangible Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets, Remaining Amortization Period	3 years 36 days	4 years 36 days
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 7.5
Finite-Lived Intangible Assets, Amortization Expense, Year Four	0.2
Finite-Lived Intangible Assets, Amortization Expense, Year Five	0.1
Amortization of Intangible Assets	7.3	$ 7.2	$ 7.6
Finite-Lived Intangible Assets, Amortization Expense, Year Two	7.5
Finite-Lived Intangible Assets, Amortization Expense, Year Three	$ 7.5

Note 9 - Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Amortizable Intangible Assets, Gross Carrying Amount	$ 84,246	$ 78,862
Amortizable Intangible Assets, Accumulated Amortization	(61,525)	(50,853)
Indefinite-Lived Intangible Assets Not Subject to Amortization	32	30
Total Intangible Assets, Gross Carrying Amount	84,278	78,892
Licenses and Other [Member]
Indefinite-Lived Intangible Assets Not Subject to Amortization	32	30
Customer Relationships [Member]
Amortizable Intangible Assets, Gross Carrying Amount	45,209	42,614
Amortizable Intangible Assets, Accumulated Amortization	(33,997)	(28,804)
Customer Contracts [Member]
Amortizable Intangible Assets, Gross Carrying Amount	38,362	35,499
Amortizable Intangible Assets, Accumulated Amortization	(26,853)	(21,300)
Noncompete Agreements [Member]
Amortizable Intangible Assets, Gross Carrying Amount	675	749
Amortizable Intangible Assets, Accumulated Amortization	$ (675)	$ (749)

Note 10 - Debt (Details Textual) $ in Millions, $ in Millions		12 Months Ended	14 Months Ended
	Feb. 17, 2017 USD ($)	Dec. 31, 2017 USD ($)	Feb. 16, 2017	Dec. 31, 2017 AUD ($)	Dec. 31, 2016 USD ($)
Interest Coverage Ratio		3
Leverage Ratio		5.85
Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] \| Base Rate [Member] \| Minimum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] \| Base Rate [Member] \| Minimum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] \| Base Rate [Member] \| Maximum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] \| Base Rate [Member] \| Maximum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Minimum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Maximum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Minimum [Member] \| Australia, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Maximum [Member] \| Australia, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Amended Credit Facility [Member]
Number of Lenders		15		15
Amended Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%		0.51%
Lender Commitments, Within Credit Agreement		$ 0.7
Amended Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.24%		1.13%
Lender Commitments, Within Credit Agreement		121.7
Amended Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Amended Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	5.50%
Amended Credit Facility [Member] \| US Term Loan [Member]
Debt Instrument, Face Amount					$ 350.0
Revolving Credit Facility [Member] \| Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 275.0				350.0
Line of Credit Facility, Maximum Borrowing Capacity, Increase (Decrease)	(75.0)
Revolving Credit Facility, U.S. Subsidiaries [Member] \| Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	40.0				50.0
Letters of Credit Outstanding, Amount		0.8
Revolving Credit Facility, Canadian Subsidiaries [Member] \| Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	90.0				100.0
Letters of Credit Outstanding, Amount		0.4
Revolving Credit Facility, The Company [Member] \| Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	60.0				100.0
Revolving Credit Facility, Australian Subsidiaries [Member] \| Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 85.0				$ 100.0
Letters of Credit Outstanding, Amount		0.6
Bank Guarantee Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 2
Bank Guarantee Outstanding		$ 0.8

Note 10 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total debt, including unamortized debt issuance costs	$ 297,623	$ 357,267
Less: Unamortized debt issuance costs	3,037	3,996
Total debt	294,586	353,271
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	16,596	15,471
Long-term debt, less current maturities	277,990	337,800
US Term Loan [Member]
Term loan		24,375
Canadian Term Loan [Member]
Term loan	297,623	293,763
US Revolving Credit Facility [Member]
Revolving credit facility
Canadian Credit Facility 1 [Member]
Revolving credit facility		23,089
Canadian Credit Facility 2 [Member]
Revolving credit facility		9,533
Australian Credit Facility [Member]
Revolving credit facility		$ 6,507

Note 10 - Debt - Long-term Debt (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2017
US Term Loan [Member]
Term loan, matures	May 28, 2019
Term loan, weighted-average interest rate	4.50%
Canadian Term Loan [Member]
Term loan, matures	May 28, 2019
Term loan, weighted-average interest rate	4.50%
Term loan, interest rate	1.25%
US Revolving Credit Facility [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	6.50%
Canadian Credit Facility 1 [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	5.30%
Canadian Credit Facility 2 [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	5.30%
Australian Credit Facility [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	5.10%

Note 10 - Debt - Long-term Debt Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
2018	$ 16,767
2019	280,856
Debt, gross	$ 297,623	$ 357,267

Note 10 - Debt - Changes to Maximum Leverage Ratio (Details)	3 Months Ended					12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Maximum Leverage Ratio						5.85
Scenario, Forecast [Member]
Maximum Leverage Ratio	5.25	5.5	5.85	5.85	5.85

Note 11 - Retirement Plans (Details Textual) - USD ($)	12 Months Ended
Note 11 - Retirement Plans (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Contribution Plan, Cost	$ 4,800,000	$ 6,400,000	$ 9,600,000
Deferred Profit Sharing Plan [Member] \| CANADA
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 13,115
Deferred Compensation Arrangement with Individual, Requisite Service Period	2 years
Group Registered Retirement Savings Plan [Member] \| CANADA
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 26,010
Retirement Saving Plan [Member] \| AUSTRALIA
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	9.50%
401 (k) Retirement Plan [Member] \| UNITED STATES
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6.00%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	20.00%
401 (k) Retirement Plan [Member] \| UNITED STATES \| A 100% for First 4% Contributed [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
401 (k) Retirement Plan [Member] \| UNITED STATES \| A 50% for the Next 2% Contributed [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
401 (k) Retirement Plan [Member] \| UNITED STATES \| Minimum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	1.00%
401 (k) Retirement Plan [Member] \| UNITED STATES \| Maximum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	75.00%

Note 12 - Asset Retirement Obligations (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Asset Retirement Obligation, Accretion Expense	$ 1,353	$ 1,351	$ 1,292

Note 12 - Asset Retirement Obligations - Asset Retirement Obligations (ARO) (Details) - USD ($)
$ in Thousands

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Asset retirement obligations

$ 17,185

$ 17,584

$ 17,299

$ 21,610

Less: Asset retirement obligations due within one year*

^[1]

1,799

2,374

Long-term asset retirement obligations

$ 15,386

$ 15,210

[1]	Classified as a current liability on the consolidated balance sheets, under the caption "Other current liabilities." Related to remediation work planned for 2018.

Note 12 - Asset Retirement Obligations - Change in Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance, beginning	$ 17,584	$ 17,299	$ 21,610
Accretion of discount	1,353	1,351	1,292
New obligations	86		81
Change in estimates of existing obligations	(1,901)	(1,182)	(2,366)
Settlement of obligations	(816)	(376)	(132)
Foreign currency translation	879	492	(3,186)
Balance, ending	$ 17,185	$ 17,584	$ 17,299

Note 13 - Income Taxes (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	Dec. 22, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%		27.00%	27.00%	27.00%
Increase (Decrease) in Deferred Income Taxes			$ (9,000)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			(9,000)
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability			0
Undistributed Earnings of Foreign Subsidiaries			0	$ 0
Unrecognized Tax Benefits			0	0	$ 679	$ 679
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued			$ 0	0	300
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%
Foreign Tax Authority [Member]
Valuation Allowance Deferred Tax Asset Tax Effects of Restructuring					$ 58,900
Internal Revenue Service (IRS) [Member] \| Foreign Tax Authority [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%
Internal Revenue Service (IRS) [Member] \| Foreign Tax Authority [Member] \| Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%
Canada Revenue Agency [Member] \| Foreign Tax Authority [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount			$ 5,900
Australian Taxation Office [Member] \| Foreign Tax Authority [Member]
Liability for Uncertainty in Income Taxes, Current				$ 700

Note 13 - Income Taxes - Consolidated Pre-tax Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Canada operations	$ (87,143)	$ (87,234)	$ (73,691)
Foreign operations	(31,601)	(28,698)	(90,062)
Loss before income taxes	$ (118,744)	$ (115,932)	$ (163,753)

Note 13 - Income Taxes - Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
Canada	$ (5,986)	$ (8,646)	$ (820)
Foreign	1,472	1,749	1,906
Total	(4,514)	(6,897)	1,086
Deferred:
Canada	(9,194)	(12,169)	(2,707)
Foreign	218	(1,039)	(31,468)
Total	(8,976)	(13,208)	(34,175)
Total Benefit	$ (13,490)	$ (20,105)	$ (33,089)

Note 13 - Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands		12 Months Ended
	Dec. 22, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Federal tax benefit at statutory rates, amount		$ (32,061)	$ (31,302)	$ (44,213)
Federal tax benefit at statutory rates	35.00%	27.00%	27.00%	27.00%
Effect of foreign income tax, net, amount		$ (3,399)	$ (6,593)	$ (15,088)
Effect of foreign income tax, net		2.90%	5.70%	9.20%
Tax effects of restructuring, amount			$ 3,038	$ 17,600
Tax effects of restructuring			(2.60%)	(10.80%)
Deemed income from foreign subsidiaries, amount		$ 334	$ 1,108	$ 4,190
Deemed income from foreign subsidiaries		(0.30%)	(1.00%)	(2.60%)
Goodwill impairment, amount				$ 11,533
Goodwill impairment				(7.00%)
Tax on future unremitted earnings, amount				$ (25,306)
Tax on future unremitted earnings				15.40%
Other, net, amount		$ 1,908	$ (2,119)	$ 3,674
Other, net		(1.60%)	1.80%	(2.20%)
Net income tax benefit, amount		$ (13,490)	$ (20,105)	$ (33,089)
Net income tax benefit		11.40%	17.30%	20.20%
Deferred Tax Assets Impacted by U.S. Tax Reform [Member]
Valuation allowance, amount		$ (9,047)
Valuation allowance		7.60%
Other Deferred Tax Assets [Member]
Valuation allowance, amount		$ 19,130	$ 15,051	$ 11,189
Valuation allowance		(16.10%)	(13.00%)	(6.80%)
Foreign Tax Authority [Member] \| Internal Revenue Service (IRS) [Member]
Federal tax benefit at statutory rates		35.00%
Enacted tax rate change, amount		$ 9,047
Enacted tax rate change		(7.60%)
Domestic Tax Authority [Member]
Enacted tax rate change, amount		$ 598	$ 712	$ 3,332
Enacted tax rate change		(0.50%)	(0.60%)	(2.00%)

Note 13 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Net operating loss	$ 70,920	$ 49,810
Employee benefits	5,560	6,952
Deductible goodwill and other intangibles	50,758	45,262
Other reserves	6,854	4,773
Unearned revenue	1,424	1,776
Other	188	1,588
Deferred tax assets	135,704	110,161
Valuation allowance	(90,663)	(76,157)	$ (115,087)
Deferred tax assets, net	45,041	34,004
Deferred tax liabilities:
Depreciation	(44,141)	(42,701)
Investment	(900)	(497)
Deferred tax liabilities	(45,041)	(43,198)
Net deferred tax liability		$ (9,194)

Note 13 - Income Taxes - NOL and Tax Credit Carryforwards (Details) $ in Thousands	Dec. 31, 2017 USD ($)
Foreign Tax Authority [Member] \| Canada Revenue Agency [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	$ 121,115
Foreign Tax Authority [Member] \| Australian Taxation Office [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	85,840
Domestic Tax Authority [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	32,671
State and Local Jurisdiction [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	$ 5,606

Note 13 - Income Taxes - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Balance	$ (76,157)	$ (115,087)
Change in income tax provision		(15,051)
Write-off of U.S. foreign tax credits		58,906
Other change	242	(5,254)
Foreign currency translation	(4,665)	329
Change in income tax provision – U.S. Tax Reform	9,047
Change in income tax provision - Other	(19,130)
Balance	(90,663)	(76,157)
Foreign Tax Credits [Member]
Balance		(58,906)
Change in income tax provision
Write-off of U.S. foreign tax credits		58,906
Other change
Foreign currency translation
Change in income tax provision – U.S. Tax Reform
Change in income tax provision - Other
Balance
Federal and State NOLs [Member]
Balance	(19,113)	(1,526)
Change in income tax provision		(13,580)
Write-off of U.S. foreign tax credits
Other change	1,277	(4,008)
Foreign currency translation	(515)	1
Change in income tax provision – U.S. Tax Reform	4,574
Change in income tax provision - Other	(17,622)
Balance	(31,399)	(19,113)
Deferred Tax Assets [Member]
Balance	(56,043)	(54,128)
Change in income tax provision		(1,085)
Write-off of U.S. foreign tax credits
Other change	(1,290)	(1,174)
Foreign currency translation	(4,150)	344
Change in income tax provision – U.S. Tax Reform	4,473
Change in income tax provision - Other	(1,508)
Balance	(58,518)	(56,043)
Other [Member]
Balance	(1,001)	(527)
Change in income tax provision		(386)
Write-off of U.S. foreign tax credits
Other change	255	(72)
Foreign currency translation		(16)
Change in income tax provision – U.S. Tax Reform
Change in income tax provision - Other
Balance	$ (746)	$ (1,001)

Note 13 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance	$ 0	$ 679	$ 679
Additions for tax positions of prior years	0	0	0
Reductions for tax positions of prior years	0	0	0
Reductions for settlements	0	0	0
Lapse of the applicable statute of limitations		(679)	0
Balance	$ 0	$ 0	$ 679

Note 14 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating Leases, Rent Expense	$ 5.6	$ 6.0	$ 7.6

Note 14 - Commitments and Contingencies - Minimum Future Operating Lease Obligations (Details) $ in Thousands	Dec. 31, 2017 USD ($)
2018	$ 3,850
2019	3,441
2020	3,209
2021	2,006
2022	1,501
Thereafter	7,110
Total	$ 21,117

Note 15 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands, $ in Billions, $ in Billions	12 Months Ended
	Dec. 31, 2017 USD ($)	Dec. 31, 2017 CAD ($)	Dec. 31, 2017 AUD ($)	Dec. 31, 2016 USD ($)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Parent	$ 34,700
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (328,213)			$ (362,930)
Translation Adjustment Functional to Reporting Currency, Net of Tax		$ 0.1	$ 0.4

Note 16 - Share Based Compensation (Details Textual)				11 Months Ended	12 Months Ended
Note 16 - Share Based Compensation (Details Textual)	Feb. 21, 2017 $ / shares shares	May 12, 2016 $ / shares	Feb. 23, 2016 shares	Dec. 13, 2017	Dec. 31, 2017 USD ($) $ / shares shares	Feb. 21, 2017	Dec. 31, 2016 USD ($) $ / shares shares	Dec. 31, 2015 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized \| shares					14,000,000
Allocated Share-based Compensation Expense					$ 15,400,000		$ 9,900,000	$ 5,600,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense					$ 0		$ 600,000	$ 300,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross \| shares					0		0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value					$ 0		$ 0	$ 100,000
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options					0		$ 0	$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year
Restricted Stock and Deferred Stock Awards [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 255 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares					$ 3.14		$ 1.64	$ 3.61
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value					$ 2,000,000		$ 600,000	$ 900,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options					$ 4,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares					1,655,067		584,283	1,208,642
Phantom Share Units (PSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 7,100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 109 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares					$ 3.27		$ 0.91	$ 3.68
Share-based Compensation Arrangement Other Than Options Liability Balance					$ 5,300,000
Phantom Share Cash Payments					$ 7,100,000		$ 500,000	$ 800,000
Phantom Share Units (PSUs) [Member] \| Civeo Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares					750,525		6,831,957	1,920,451
Performance Shares [Member]
Allocated Share-based Compensation Expense					$ 3,000,000		$ 1,900,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 5,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition					1 year 255 days
Performance Shares [Member] \| Civeo Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 5.20	$ 3.18			$ 5.20		$ 3.18
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares	762,497		2,400,606		762,497		2,400,606
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years		3 years
Peer Group, Number of Companies	15		12
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate						0.00%
Performance Shares [Member] \| Civeo Plan [Member] \| Minimum [Member]
Target Performance Share Award, Percentage	0.00%		0.00%	0.00%
Performance Shares [Member] \| Civeo Plan [Member] \| Maximum [Member]
Target Performance Share Award, Percentage	200.00%		200.00%	200.00%

Note 16 - Share Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Outstanding, Options (in shares)	165,886		390,334	532,926
Outstanding, weighted average exercise price per share (in dollars per share)	$ 17.98		$ 13.58	$ 11.03
Outstanding, weighted average contractual life (Year)	4 years 182 days		4 years 219 days	3 years 182 days	3 years 146 days
Outstanding, Intrinsic value					$ 66,130
Granted (in shares)	0		0	0
Exercised, Options (in shares)				(137,771)
Exercised, weighted average exercise price per share (in dollars per share)				$ 3.63
Forfeited / Expired, Options (in shares)	(20,085)		(224,448)	(4,821)
Forfeited / Expired, weighted average exercise price per share (in dollars per share)	$ 18.10		$ 10.33	$ 16.43
Exercised, Options (in shares)				137,771
Outstanding, Options (in shares)	145,801	165,886	165,886	390,334	532,926
Outstanding Options, weighted average exercise price per share (in dollars per share)	$ 17.97	$ 17.98	$ 17.98	$ 13.58	$ 11.03
Exercisable Options, Options (in shares)	139,491	145,804	145,804
Exercisable, weighted average exercise price per share (in dollars per share)	$ 17.79	$ 17.67	$ 17.67
Exercisable, weighted average contractual life (Year)	4 years 73 days	4 years 146 days

Note 16 - Share Based Compensation - Stock Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2017 $ / shares shares
Range of Exercise Prices (in dollars per share)	$ 17.97
Options Outstanding, Number Outstanding (in shares) \| shares	145,801
Options Outstanding, Weighted Average Remaining Contractual Life (Year)	4 years 91 days
Options Exercisable, Number Exercisable (in shares) \| shares	139,491
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 17.79
Lower Range of Exercise Prices (in dollars per share)	16.43
Upper Range of Exercise Prices (in dollars per share)	21.87
Exercise Price Range 1 [Member]
Range of Exercise Prices (in dollars per share)	$ 16.43
Options Outstanding, Number Outstanding (in shares) \| shares	63,142
Options Outstanding, Weighted Average Remaining Contractual Life (Year)	3 years 47 days
Options Exercisable, Number Exercisable (in shares) \| shares	63,142
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 16.43
Exercise Price Range 2 [Member]
Range of Exercise Prices (in dollars per share)	$ 17.48
Options Outstanding, Number Outstanding (in shares) \| shares	29,849
Options Outstanding, Weighted Average Remaining Contractual Life (Year)	5 years 51 days
Options Exercisable, Number Exercisable (in shares) \| shares	29,849
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 17.48
Exercise Price Range 3 [Member]
Range of Exercise Prices (in dollars per share)	$ 18.43
Options Outstanding, Number Outstanding (in shares) \| shares	27,553
Options Outstanding, Weighted Average Remaining Contractual Life (Year)	4 years 47 days
Options Exercisable, Number Exercisable (in shares) \| shares	27,553
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 18.43
Exercise Price Range 4 [Member]
Range of Exercise Prices (in dollars per share)	$ 21.87
Options Outstanding, Number Outstanding (in shares) \| shares	25,257
Options Outstanding, Weighted Average Remaining Contractual Life (Year)	6 years 51 days
Options Exercisable, Number Exercisable (in shares) \| shares	18,947
Options Exercisable, Weighted Average Exercise Price (in dollars per share)	$ 21.87

Note 16 - Share Based Compensation - Restricted Stock Awards and Deferred Stock Awards (Details) - Restricted Stock and Deferred Stock Awards [Member] - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Nonvested, Number of awards (in shares)	1,298,372	1,313,564	576,882
Nonvested, Weighted avererage grant date fair value per share (in dollars per share)	$ 4.41	$ 7.29	$ 19.78
Granted, Number of awards (in shares)	1,655,067	584,283	1,208,642
Granted, Weighted avererage grant date fair value per share (in dollars per share)	$ 3.14	$ 1.64	$ 3.61
Vested, Number of awards (in shares)	(733,147)	(526,628)	(248,215)
Vested, Weighted avererage grant date fair value per share (in dollars per share)	$ 4.19	$ 8.15	$ 18.17
Forfeited, Number of awards (in shares)	(49,968)	(72,847)	(223,745)
Forfeited, Weighted avererage grant date fair value per share (in dollars per share)	$ 3.43	$ 7.04	$ 7.54
Nonvested, Number of awards (in shares)	2,170,324	1,298,372	1,313,564
Nonvested shares, Weighted avererage grant date fair value per share (in dollars per share)	$ 3.54	$ 4.41	$ 7.29

Note 16 - Share Based Compensation - Phantom Share Awards Activity (Details) - Phantom Share Units (PSUs) [Member] - Civeo Plan [Member] - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Nonvested, Number of awards (in shares)	6,269,964	1,798,200	432,881
Granted, Number of awards (in shares)	750,525	6,831,957	1,920,451
Vested, Number of awards (in shares)	(2,207,589)	(608,230)	(202,284)
Forfeited, Number of awards (in shares)	(263,161)	(1,751,963)	(352,848)
Nonvested, Number of awards (in shares)	4,549,739	6,269,964	1,798,200

Note 16 - Share Based Compensation - Valuation Assumptions of Performance Share Awards (Details) - Performance Shares [Member] - Civeo Plan [Member]	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Expected volatility	90.00%	90.00%
Initial TSR	0.04%	93.70%
Weighted Average [Member]
Risk-free weighted interest rate	1.50%	0.92%

Note 16 - Share Based Compensation - Performance Share Awards Activity (Details) - Performance Shares [Member] - Civeo Plan [Member] - $ / shares				12 Months Ended
	Feb. 21, 2017	May 12, 2016	Feb. 23, 2016	Dec. 31, 2017	Dec. 31, 2016
Nonvested, Number of awards (in shares)				1,951,684
Nonvested, Weighted avererage grant date fair value per share (in dollars per share)				$ 3.18
Granted, Number of awards (in shares)	762,497		2,400,606	762,497	2,400,606
Granted, Weighted avererage grant date fair value per share (in dollars per share)	$ 5.20	$ 3.18		$ 5.20	$ 3.18
Vested, Number of Awards (in shares)
Forfeited, Number of awards (in shares)				(38,699)	(448,922)
Forfeited, Weighted avererage grant date fair value per share (in dollars per share)				$ 3.64	$ 3.18
Nonvested, Number of awards (in shares)				2,675,482	1,951,684
Nonvested shares, Weighted avererage grant date fair value per share (in dollars per share)				$ 3.75	$ 3.18

Note 17 - Segment and Related Information - Financial Information by Business Segment (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

Sep. 30, 2017

^[2]

Jun. 30, 2017

^[3]

Mar. 31, 2017

^[4]

Dec. 31, 2016

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 101,348

^[1]

$ 97,489

$ 92,010

$ 91,429

$ 90,921

^[1]

$ 104,238

$ 107,035

$ 95,036

$ 382,276

$ 397,230

$ 517,963

126,443

131,302

152,990

(97,971)

(95,760)

(145,003)

11,194

19,779

62,451

Operating Segments [Member]

853,912

910,446

853,912

910,446

1,066,529

Intersegment Eliminations [Member]

382,276

397,230

Canadian Segment [Member]

245,595

278,464

344,249

69,983

80,837

89,269

(63,211)

(59,351)

(73,215)

3,893

3,773

41,446

Canadian Segment [Member] | Operating Segments [Member]

550,378

548,786

550,378

548,786

579,816

Canadian Segment [Member] | Intersegment Eliminations [Member]

245,595

278,464

344,249

Australian Segment [Member]

111,221

106,815

135,964

45,699

45,883

51,392

(11,528)

(6,853)

(24,817)

2,772

5,682

12,160

Australian Segment [Member] | Operating Segments [Member]

353,840

376,008

353,840

376,008

424,731

Australian Segment [Member] | Intersegment Eliminations [Member]

111,221

106,815

135,964

US Segment [Member]

25,460

11,951

37,750

4,653

5,433

11,833

(14,426)

(24,616)

(40,083)

1,912

2,170

US Segment [Member] | Operating Segments [Member]

33,128

29,799

33,128

29,799

71,710

US Segment [Member] | Intersegment Eliminations [Member]

25,460

11,951

40,146

Corporate and Other [Member]

(2,396)

6,108

(851)

496

(8,806)

(4,940)

(6,888)

2,617

10,318

6,675

Corporate and Other [Member] | Operating Segments [Member]

$ (83,434)

$ (44,147)

(83,434)

(44,147)

(9,728)

Corporate and Other [Member] | Intersegment Eliminations [Member]

(2,396)

$ 2,396

[1]	In the fourth quarter of 2017, we recognized the following items: Costs associated with our pending acquisition of Noralta of $2.3 million ($2.2 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. A charge of $27.2 million ($19.9 million after-tax, or $0.15 per diluted share), related to certain lodge assets in the southern oil sands which carrying values we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.
[2]	In the third quarter of 2017, we recognized the following items: A charge of $4.4 million ($3.2 million after-tax, or $0.02 per diluted share), related to leasehold improvements and undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations. In the third quarter of 2016, we recognized the following items: A charge of $37.7 million ($27.5 million after-tax, or $0.26 per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.
[3]	In the second quarter of 2017, there were no significant items recognized. In the second quarter of 2016, we recognized the following items: Costs associated with our migration to Canada of $0.2 million ($0.2 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations.
[4]	In the first quarter of 2017, there were no significant items recognized. In the first quarter of 2016, we recognized the following items: Costs associated with our migration to Canada of $1.0 million ($0.7 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. A charge of $8.4 million ($8.4 million after-tax, or $0.05 per diluted share), related to the impairment of certain fixed assets which carrying value we determined not to be recoverable. The charge, which is related to our U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations.

Note 17 - Segment and Related Information - Financial Information By Geographic Segment (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

Sep. 30, 2017

^[2]

Jun. 30, 2017

^[3]

Mar. 31, 2017

^[4]

Dec. 31, 2016

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

$ 101,348

^[1]

$ 97,489

$ 92,010

$ 91,429

$ 90,921

^[1]

$ 104,238

$ 107,035

$ 95,036

$ 382,276

$ 397,230

$ 517,963

Canadian Segment [Member]

717,501

826,765

717,501

826,765

979,977

245,595

278,464

344,249

Australian Segment [Member]

353,710

431,477

353,710

431,477

532,419

111,221

106,815

135,964

US Segment and Other [Member]

331,511

348,293

331,511

348,293

390,623

25,460

11,951

37,750

$ 32,280

$ 46,995

$ 32,280

$ 46,995

$ 56,935

[1]	In the fourth quarter of 2017, we recognized the following items: Costs associated with our pending acquisition of Noralta of $2.3 million ($2.2 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. A charge of $27.2 million ($19.9 million after-tax, or $0.15 per diluted share), related to certain lodge assets in the southern oil sands which carrying values we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.
[2]	In the third quarter of 2017, we recognized the following items: A charge of $4.4 million ($3.2 million after-tax, or $0.02 per diluted share), related to leasehold improvements and undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations. In the third quarter of 2016, we recognized the following items: A charge of $37.7 million ($27.5 million after-tax, or $0.26 per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.
[3]	In the second quarter of 2017, there were no significant items recognized. In the second quarter of 2016, we recognized the following items: Costs associated with our migration to Canada of $0.2 million ($0.2 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations.
[4]	In the first quarter of 2017, there were no significant items recognized. In the first quarter of 2016, we recognized the following items: Costs associated with our migration to Canada of $1.0 million ($0.7 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. A charge of $8.4 million ($8.4 million after-tax, or $0.05 per diluted share), related to the impairment of certain fixed assets which carrying value we determined not to be recoverable. The charge, which is related to our U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations.

Note 18 - Valuation Accounts - Activity in Valuation Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Allowance for Doubtful Accounts [Member]
Balance at beginning of period	$ 638	$ 1,121	$ 4,043
Charged to costs and expenses	48	(110)	1,004
Deductions	(23)	(377)	(3,844)
Translation and other, net	675	4	(82)
Balance at end of period	1,338	638	1,121
Valuation Allowance of Deferred Tax Assets [Member]
Balance at beginning of period	76,157	115,087	49,523
Charged to costs and expenses	10,083	15,051	70,095
Deductions	(242)	(53,652)
Translation and other, net	4,665	(329)	(4,531)
Balance at end of period	$ 90,663	$ 76,157	$ 115,087

Note 19 - Quarterly Financial Information (Unaudited) (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015
Impairment of Long-Lived Assets Held-for-use	$ 27,244	$ 4,360	$ 37,729		$ 8,400	$ 65,061	$ 9,473	$ 2,738
US Segment [Member]
Impairment of Long-Lived Assets Held-for-use						18,000
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	27,244	4,360	37,729			$ 23,041
Selling, General and Administrative Expenses [Member]
Migration Costs				$ 200	1,000
Migration Costs, Net of Tax				$ 200	$ 700
Migration Costs, Per Diluted Share, Net of Tax				$ 0	$ 0.01
Selling, General and Administrative Expenses [Member] \| Noralta Acquisition [Member]
Business Combination, Acquisition Related Costs	2,300
Business Combination, Acquisition Related Costs, Net of Tax	$ 2,200
Business Combination, Acquisitions Related Costs, Per Diluted Share, Net of Tax	$ 0.02
Impairment Expense [Member] \| US Segment [Member]
Impairment of Long-Lived Assets Held-for-use					$ 8,400
Impairment of Long-lived Assets Held for Use, Net of Tax					$ 8,400
Impairment Effect on Earnings Per Share, after Tax					$ 0.05
Impairment Expense [Member] \| Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	$ 27,200	4,400	37,700
Impairment of Long-lived Assets Held for Use, Net of Tax	$ 19,900	$ 3,200	$ 27,500
Impairment Effect on Earnings Per Share, after Tax	$ 0.15	$ 0.02
Impairment Expense [Member] \| Canadian Segment [Member] \| Fixed Assets [Member]
Impairment Effect on Earnings Per Share, after Tax			$ 0.26

Note 19 - Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2017

^[1]

Sep. 30, 2017

^[2]

Jun. 30, 2017

^[3]

Mar. 31, 2017

^[4]

Dec. 31, 2016

^[1]

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015