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Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2019	Jul. 22, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Civeo Corp
Entity Central Index Key	0001590584
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding (in shares)		169,531,595
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Total Revenues	$ 122,153	$ 130,177	$ 230,703	$ 231,681
Costs and expenses:
Selling, general and administrative expenses	12,530	21,821	28,626	38,335
Depreciation and amortization expense	30,996	34,270	61,778	65,034
Impairment expense	5,546	0	5,546	28,661
Other operating expense (income)	(103)	132	(168)	511
Costs and Expenses	134,209	145,678	260,652	299,697
Operating loss	(12,056)	(15,501)	(29,949)	(68,016)
Interest expense	(6,720)	(7,103)	(13,355)	(12,925)
Loss on extinguishment of debt	0	(748)	0	(748)
Interest income	22	18	49	76
Other income	1,055	252	4,033	2,511
Loss before income taxes	(17,699)	(23,082)	(39,222)	(79,102)
Income tax benefit	2,850	23,371	7,334	24,056
Net income (loss)	(14,849)	289	(31,888)	(55,046)
Less: Net income attributable to noncontrolling interest	0	122	0	244
Net income (loss) attributable to Civeo Corporation	(14,849)	167	(31,888)	(55,290)
Less: Dividends attributable to Class A preferred shares	461	48,488	920	48,488
Net loss attributable to Civeo common shareholders	$ (15,310)	$ (48,321)	$ (32,808)	$ (103,778)
Per Share Data (see Note 9)
Basic net loss per share attributable to Civeo Corporation common shareholders (USD per share)	$ (0.09)	$ (0.29)	$ (0.20)	$ (0.70)
Diluted net loss per share attributable to Civeo Corporation common shareholders (USD per share)	$ (0.09)	$ (0.29)	$ (0.20)	$ (0.70)
Weighted average number of common shares outstanding:
Basic (in shares)	167,532	165,373	166,437	148,595
Diluted (in shares)	167,532	165,373	166,437	148,595
Service and other
Revenues:
Total Revenues	$ 112,719	$ 122,069	$ 212,798	$ 215,152
Costs and expenses:
Service and other costs	77,659	81,694	150,303	150,500
Rental
Revenues:
Total Revenues	7,625	4,417	14,115	7,738
Costs and expenses:
Service and other costs	6,357	5,318	11,507	9,840
Product
Revenues:
Total Revenues	1,809	3,691	3,790	8,791
Costs and expenses:
Service and other costs	$ 1,224	$ 2,443	$ 3,060	$ 6,816

Unaudited Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (14,849)	$ 289	$ (31,888)	$ (55,046)
Other comprehensive income (loss):
Foreign currency translation adjustment, net of taxes of zero	1,084	(16,434)	6,463	(24,255)
Total other comprehensive income (loss)	1,084	(16,434)	6,463	(24,255)
Comprehensive loss	(13,765)	(16,145)	(25,425)	(79,301)
Less: Comprehensive income attributable to noncontrolling interest	0	120	0	242
Comprehensive loss attributable to Civeo Corporation	$ (13,765)	$ (16,265)	$ (25,425)	$ (79,543)

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Unaudited Consolidated Statements of Comprehensive Loss (Parentheticals) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustment, taxes	$ 0	$ 0	$ 0	$ 0

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 13,459	$ 12,372
Accounts receivable, net	90,763	70,223
Inventories	4,421	4,313
Prepaid expenses	9,535	7,036
Other current assets	4,156	3,556
Assets held for sale	8,228	10,297
Total current assets	130,562	107,797
Property, plant and equipment, net	636,038	658,905
Goodwill	121,674	114,207
Other intangible assets, net	108,962	119,409
Operating lease right-of-use assets	22,446	0
Other noncurrent assets	723	1,359
Total assets	1,020,405	1,001,677
Current liabilities:
Accounts payable	30,796	28,334
Accrued liabilities	14,691	15,956
Income taxes	562	310
Current portion of long-term debt	34,833	33,329
Deferred revenue	2,621	3,035
Other current liabilities	9,003	5,719
Total current liabilities	92,506	86,683
Long-term debt, less current maturities	368,247	342,908
Deferred income taxes	10,941	18,442
Operating lease liabilities	17,866	0
Other noncurrent liabilities	20,799	18,220
Total liabilities	510,359	466,253
Commitments and contingencies (Note 12)
Shareholders’ Equity:
Preferred shares (Class A Series 1, no par value; 50,000,000 shares authorized, 9,042 shares issued and outstanding, respectively; aggregate liquidation preference of $92,698,094 as of June 30, 2019)	57,200	56,280
Common shares (no par value; 550,000,000 shares authorized, 171,631,231 shares and 166,392,479 shares issued, respectively, and 169,531,595 shares and 165,932,334 shares outstanding, respectively)	0	0
Additional paid-in capital	1,567,162	1,562,133
Accumulated deficit	(744,058)	(710,551)
Common shares held in treasury at cost, 2,099,636 and 460,145 shares, respectively	(5,472)	(1,189)
Accumulated other comprehensive loss	(364,786)	(371,249)
Total Civeo Corporation shareholders’ equity	510,046	535,424
Noncontrolling interest	0	0
Total shareholders’ equity	510,046	535,424
Total liabilities and shareholders’ equity	$ 1,020,405	$ 1,001,677

Consolidated Balance Sheets (Parentheticals) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred shares, par value (in dollars per share)	$ 0
Preferred shares, authorized (in shares)	50,000,000
Preferred shares, issued (in shares)	9,042,000
Preferred shares, outstanding (in shares)	9,042,000
Preferred shares, liquidation preference	$ 92,698,094
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	550,000,000	550,000,000
Common stock, shares issued (in shares)	171,631,231	166,392,479
Common stock, shares outstanding (in shares)	169,531,595	165,932,334
Treasury shares (in shares)	2,099,636	460,145

Unaudited Consolidated Statements of Changes in Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Shares	Common Shares	Additional Paid-in Capital	Accumulated Deficit	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU	$ 394				$ 394
Beginning Balance at Dec. 31, 2017	476,367	$ 0	$ 0	$ 1,383,934	(579,113)	$ (358)	$ (328,213)	$ 117
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(55,046)				(55,290)			244
Currency translation adjustment	(24,255)						(24,253)	(2)
Dividends paid	(240)							(240)
Issuance of shares for acquisitions	173,864	6,972		166,892
Dividends attributable to Class A preferred shares		48,333
Dividends attributable to Class A preferred shares				155	(48,488)
Share-based compensation	4,381			5,013		(632)
Ending Balance at Jun. 30, 2018	575,465	55,305	0	1,555,994	(682,497)	(990)	(352,466)	119
Beginning Balance at Mar. 31, 2018	419,592	0	0	1,390,634	(634,176)	(952)	(336,034)	120
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	289				167			122
Currency translation adjustment	(16,434)						(16,432)	(2)
Dividends paid	(121)							(121)
Issuance of shares for acquisitions	169,364	6,972		162,392
Dividends attributable to Class A preferred shares		48,333
Dividends attributable to Class A preferred shares				155	(48,488)
Share-based compensation	2,775			2,813		(38)
Ending Balance at Jun. 30, 2018	575,465	55,305	0	1,555,994	(682,497)	(990)	(352,466)	119
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect of implementation of ASU	(699)				(699)
Beginning Balance at Dec. 31, 2018	535,424	56,280	0	1,562,133	(710,551)	(1,189)	(371,249)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(31,888)				(31,888)
Currency translation adjustment	6,463						6,463
Dividends attributable to Class A preferred shares		920
Dividends attributable to Class A preferred shares					(920)
Share-based compensation	746			5,029		(4,283)
Ending Balance at Jun. 30, 2019	510,046	$ 57,200	$ 0	1,567,162	(744,058)	(5,472)	(364,786)	0
Balance (in shares) at Dec. 31, 2018		9,042	165,932
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation (in shares)		0	3,600
Balance (in shares) at Jun. 30, 2019		9,042	169,532
Beginning Balance at Mar. 31, 2019	521,317	$ 56,739	$ 0	1,564,667	(728,748)	(5,471)	(365,870)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,849)				(14,849)
Currency translation adjustment	1,084						1,084
Dividends attributable to Class A preferred shares		461
Dividends attributable to Class A preferred shares					(461)
Share-based compensation	2,494			2,495		(1)
Ending Balance at Jun. 30, 2019	$ 510,046	$ 57,200	$ 0	$ 1,567,162	$ (744,058)	$ (5,472)	$ (364,786)	$ 0
Balance (in shares) at Jun. 30, 2019		9,042	169,532

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income (loss)	$ (31,888)	$ (55,046)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	61,778	65,034
Impairment charges	5,546	28,661
Loss on extinguishment of debt	0	748
Deferred income tax benefit	(7,855)	(23,661)
Non-cash compensation charge	5,029	5,013
Gains on disposals of assets	(1,371)	(2,332)
Provision for loss on receivables, net of recoveries	(56)	(58)
Other, net	1,444	3,065
Changes in operating assets and liabilities:
Accounts receivable	(18,616)	10,661
Inventories	(3)	3,111
Accounts payable and accrued liabilities	135	(16,668)
Taxes payable	244	(1,250)
Other current and noncurrent assets and liabilities, net	(4,427)	(3,301)
Net cash flows provided by operating activities	9,960	13,977
Cash flows from investing activities:
Capital expenditures	(21,208)	(5,943)
Payments related to acquisitions, net of cash acquired	0	(185,200)
Proceeds from disposition of property, plant and equipment	4,448	3,438
Other, net	1,762	110
Net cash flows used in investing activities	(14,998)	(187,595)
Cash flows from financing activities:
Revolving credit borrowings	135,862	232,123
Revolving credit repayments	(108,108)	(70,067)
Term loan repayments	(17,398)	(11,068)
Debt issuance costs	0	(2,742)
Taxes paid on vested shares	(4,283)	(632)
Net cash flows provided by financing activities	6,073	147,614
Effect of exchange rate changes on cash	52	(1,857)
Net change in cash and cash equivalents	1,087	(27,861)
Cash and cash equivalents, beginning of period	12,372	32,647
Cash and cash equivalents, end of period	13,459	4,786
Non-cash financing activities:
Preferred dividends paid-in-kind	920	484
Common Shares
Non-cash investing activities:
Value of common shares issued as consideration for acquisitions	0	119,297
Preferred Shares
Non-cash investing activities:
Value of common shares issued as consideration for acquisitions	$ 0	$ 54,821

Description of Business and Basis of Presentation	6 Months Ended
Description of Business and Basis of Presentation	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business and Basis of Presentation	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of the Business We are a hospitality company servicing the natural resources industry in Canada, Australia and the U.S. We provide a full suite of hospitality services for our guests, including lodging, food service, housekeeping and maintenance at accommodation facilities that we or our customers own. We also, in many cases, provide services that support the day-to-day operations of accommodation facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security and group logistics. We also offer development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management and site construction, along with providing hospitality services once the facility is constructed. We operate in some of the world’s most active oil, coal and iron ore producing regions, and our customers include major and independent oil companies, mining companies and oilfield and mining service companies. We operate in three principal reportable business segments – Canada, Australia and U.S. Basis of Presentation Unless otherwise stated or the context otherwise indicates: (i) all references in these consolidated financial statements to “Civeo,” “us,” “our” or “we” refer to Civeo Corporation and its consolidated subsidiaries; and (ii) all references in this report to “dollars” or “$” are to U.S. dollars. The accompanying unaudited consolidated financial statements of Civeo have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the SEC) pertaining to interim financial information. Certain information in footnote disclosures normally included in financial statements prepared in accordance with Generally Accepted Accounting Principles (GAAP) has been condensed or omitted pursuant to those rules and regulations. The unaudited financial statements included in this report reflect all the adjustments, consisting of normal recurring adjustments, which Civeo considers necessary for a fair presentation of the results of operations for the interim periods covered and for the financial condition of Civeo at the date of the interim balance sheet. Results for the interim periods are not necessarily indicative of results for the full year. Certain reclassifications have been made to the consolidated statements of operations for the three and six months ended June 30, 2018 to conform to current year presentation. The preparation of consolidated financial statements in conformity with GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. If the underlying estimates and assumptions upon which the financial statements are based change in future periods, actual amounts may differ from those included in the accompanying consolidated financial statements. The financial statements included in this report should be read in conjunction with our audited financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2018.

Recent Accounting Pronouncements	6 Months Ended
Recent Accounting Pronouncements	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards or other guidance updates, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption. In January 2017, the FASB issued Accounting Standards Update (ASU) 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." The standard simplifies the accounting for goodwill impairment by requiring a goodwill impairment to be measured using a single step impairment model, whereby the impairment equals the difference between the carrying amount and the fair value of the specified reporting units in their entirety. This eliminates the second step of the current impairment model that requires companies to first estimate the fair value of all assets in a reporting unit and measure impairments based on those fair values and a residual measurement approach. It also specifies that any loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective prospectively for public business entities for annual reporting periods beginning after December 15, 2019, and early adoption is permitted. We will adopt this new standard no later than January 1, 2020. The impact of the new standard will be dependent on the specific facts and circumstances of future individual goodwill impairments, if any. In June 2016, the FASB issued 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 anticipate adopting ASU 2016-13 as of January 1, 2020. We are currently evaluating the impact of this new standard on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which replaces the existing guidance for lease accounting. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 and interim periods within the reporting periods. We have adopted this standard effective January 1, 2019 using the optional transition method, which allows us upon adoption to recognize a cumulative-effect adjustment to the opening balance of accumulated deficit for the application of the standard to our existing leases. Upon adoption of this standard, we recognized a cumulative effect adjustment of $0.7 million (net of $0.2 million of taxes) to increase accumulated deficit in the accompanying unaudited consolidated balance sheet as of June 30, 2019. ASU 2016-02 requires lessees to recognize a lease liability and a right-of-use asset for certain leases. We elected the package of practical expedients, which among other things, allowed us to carry forward the historical lease identification and classification. In addition, we have elected the short-term lease recognition exemption for all leases that qualify. Accordingly, we did not recognize right-of-use assets or lease liabilities for leases with terms shorter than 12 months. Our evaluation process included reviewing all forms of leases, performing a completeness assessment over the lease population and analyzing the available practical expedients in order to determine the best implementation strategy. We determined that certain of our accommodation contracts with customers contain both a lease and non-lease or service component and in those instances concluded the service component was the predominant component. As a result, we elected the practical expedient under ASU 2018-11, which allows us to combine the lease and non-lease components of revenues as Service and other revenues for presentation purposes in accordance with Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers” (ASC 606). We also have identified certain arrangements with customers whereby we are a lessor for the rental of mobile camp assets primarily in our U.S segment. For arrangements where we are the lessor, the adoption of the new lease standard did not have a material impact on our financial statements as all of our leases are operating leases, which will result in straight-line recognition of rental revenue. Adoption of the new standard resulted in $21.3 million of operating lease right-of-use assets and $22.4 million of operating lease liabilities as of January 1, 2019. Please see Note 14 – Leases for further information.

Revenue

6 Months Ended

Jun. 30, 2019

Revenues [Abstract]

Revenue

REVENUE

The following table disaggregates our revenue by our three reportable segments: Canada, Australia and U.S., and major categories for the periods indicated (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Canada
Accommodation revenues	$	66,183	$	80,620	$	123,835	$	131,267
Mobile facility rental revenues	1,819		2,107		2,600		9,901
Food service and other services revenues	9,086		3,716		17,423		7,455
Manufacturing revenues	1,014		75		1,014		1,285
Total Canada revenues	78,102		86,518		144,872		149,908

Australia
Accommodation revenues	$	30,996	$	29,966	$	59,417	$	57,664
Food service and other services revenues	—		611		—		788
Total Australia revenues	30,996		30,577		59,417		58,452

United States
Accommodation revenues	$	4,775	$	5,177	$	9,699	$	8,343
Mobile facility rental revenues	7,626		4,533		14,223		8,110
Manufacturing revenues	607		3,329		2,402		6,793
Food service and other services revenues	47		43		90		75
Total United States revenues	13,055		13,082		26,414		23,321

Total revenues	$	122,153	$	130,177	$	230,703	$	231,681

As of June 30, 2019, for contracts that are greater than one year, the table below discloses the estimated revenues related to performance obligations that are unsatisfied (or partially unsatisfied) and when we expect to recognize the revenue (in thousands):



	For the years ending December 31,
	2019		2020		2021		Thereafter		Total
Revenue expected to be recognized as of June 30, 2019	$	55,246	$	85,117	$	30,255	$	21,911	$	192,529

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Our financial instruments consist of cash and cash equivalents, receivables, payables and debt instruments. We believe that the carrying values of these instruments on the accompanying consolidated balance sheets approximate their fair values. As of June 30, 2019 and December 31, 2018, we believe the carrying value of our floating-rate debt outstanding under our term loans and revolving credit facilities approximates fair value because the terms include short-term interest rates and exclude penalties for prepayment. We estimated the fair value of our floating-rate term loan and revolving credit facilities using significant other observable inputs, representative of a Level 2 fair value measurement, including terms and credit spreads for these loans. During the second quarter of 2019 and the first quarter of 2018, we wrote down certain long-lived assets to fair value. Our estimates of fair value required us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances that might directly impact each of the relevant asset groups’ operations in the future and are therefore uncertain. These assumptions with respect to future circumstances included future oil, coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions. Please see Note 6 – Impairment Charges for further information. During the first and second quarter of 2018, we acquired certain assets and businesses and recorded them at fair value. Determining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgment, including the amount and timing of expected future cash flows, long-term growth rates and discount rates. The cash flows employed in the valuation are based on our best estimates of future sales, earnings and cash flows after considering factors such as general market conditions, expected future customer orders, contracts with suppliers, labor costs, changes in working capital, long term business plans and recent operating performance. Please see Note 7 – Acquisitions for further information.

- Definition

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

Details of Selected Balance Sheet Accounts

6 Months Ended

Jun. 30, 2019

Balance Sheet Related Disclosures [Abstract]

Details of Selected Balance Sheet Accounts

DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

Additional information regarding selected balance sheet accounts at June 30, 2019 and December 31, 2018 is presented below (in thousands):



	June 30, 2019			December 31, 2018
Accounts receivable, net:
Trade	$	66,886		$	48,875
Unbilled revenue	23,654			21,169
Other	449			555
Total accounts receivable	90,989			70,599
Allowance for doubtful accounts	(226		)	(376		)
Total accounts receivable, net	$	90,763		$	70,223



	June 30, 2019		December 31, 2018
Inventories:
Finished goods and purchased products	$	2,493	$	2,461
Work in process	832		945
Raw materials	1,096		907
Total inventories	$	4,421	$	4,313



	Estimated Useful Life (in years)			June 30, 2019			December 31, 2018
Property, plant and equipment, net:
Land				$	43,411		$	46,805
Accommodations assets	3	—	15	1,692,033			1,650,758
Buildings and leasehold improvements	7	—	20	25,935			25,168
Machinery and equipment	4	—	15	11,105			10,693
Office furniture and equipment	3	—	7	55,898			54,459
Vehicles	3	—	5	14,416			14,589
Construction in progress				21,864			7,119
Total property, plant and equipment				1,864,662			1,809,591
Accumulated depreciation				(1,228,624		)	(1,150,686		)
Total property, plant and equipment, net				$	636,038		$	658,905



	June 30, 2019		December 31, 2018
Accrued liabilities:
Accrued compensation	$	11,295	$	13,545
Accrued taxes, other than income taxes	2,434		2,177
Accrued interest	29		5
Other	933		229
Total accrued liabilities	$	14,691	$	15,956

Impairment Charges and Asset Retirement Obligations	6 Months Ended
Impairment Charges and Asset Retirement Obligations	Jun. 30, 2019
Asset Impairment Charges [Abstract]
Impairment Charges and Asset Retirement Obligations	IMPAIRMENT CHARGES AND ASSET RETIREMENT OBLIGATIONS Quarter ended June 30, 2019. During the second quarter of 2019, we identified indicators that certain long-lived assets in Australia may be impaired due to market developments, including the non-renewal of certain land development approval agreements. We assessed the carrying values of the related assets to determine if they continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying values were determined to not be fully recoverable, and we proceeded to compare the estimated fair value of the assets to their respective carrying values. Accordingly, the assets were written down to their estimated fair values of $0.5 million. As a result of the analysis described above, we recorded an impairment expense of $4.5 million. Additionally, during the second quarter of 2019, we identified a liability related to an asset retirement obligation (ARO) at one of our villages in Australia that should have been recorded in 2011. We determined that the error was not material to our previously issued financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2018, and therefore, corrected the error in the second quarter of 2019. Specifically, we recorded the following amounts in our second quarter 2019 unaudited consolidated statement of operations related to prior periods: (1) additional accretion expense related to the ARO of $0.9 million, (2) additional depreciation and amortization expense of $0.5 million related to amortization of the related asset retirement cost and (3) additional impairment expense related to the impairment of the asset retirement cost of $1.0 million offset by recognition of an ARO liability totaling $2.3 million as of June 30, 2019. Quarter ended March 31, 2018. During the first quarter of 2018, we identified an indicator that certain long-lived assets used in the Canadian oil sands may be impaired due to market developments, including expected customer commitments, occurring in the first quarter of 2018. For purposes of our impairment assessment, we separated two lodges that were previously treated as a single asset group due to the lodges no longer being used together to generate joint cash flows. 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 fully recoverable, and we proceeded to compare the estimated fair value of the asset group to its respective carrying value. Accordingly, the value of a Canadian lodge was written down to its estimated fair value of zero. As a result of the analysis described above, we recorded an impairment expense of $28.7 million.

Acquisitions

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

Acquisitions

ACQUISITIONS

Noralta

Description of Transaction. On April 2, 2018, we acquired the equity of Noralta Lodge Ltd. (Noralta), located in Alberta, Canada. The total consideration, which is subject to adjustment in accordance with the terms of the definitive agreement, included (i) C$207.7 million (or approximately US$161.2 million) in cash, subject to customary post-closing adjustments for working capital, indebtedness and transactions expenses, (ii) 32.8 million of our common shares, and (iii) 9,679 Class A Series 1 Preferred Shares (the Preferred Shares) with an initial liquidation preference of $96.8 million and initially convertible into 29.3 million of our common shares. As a result of the Noralta acquisition, we expanded our existing accommodations business in the Canadian oil sands market. We funded the cash consideration with cash on hand and borrowings under the Amended Credit Agreement (as defined in Note 10 - Debt).

During the first quarter of 2019, $2.1 million in cash was released to us from escrow to cover certain agreed upon indemnification claims.

The Noralta acquisition was accounted for in accordance with the acquisition method of accounting for business combinations and, accordingly, the results of operations of Noralta were reported in our financial statements as part of our Canadian reportable business segment beginning on April 2, 2018, the date of acquisition.

Purchase Price Allocation. The application of purchase accounting under ASC 805 requires that the total purchase price be allocated to the fair value of assets acquired and liabilities assumed based on their fair values at April 2, 2018, with amounts exceeding the fair values being recorded as goodwill. The allocation process requires an analysis of acquired fixed assets, contracts, and contingencies to identify and record the fair value of all assets acquired and liabilities assumed. Our allocation of the purchase price, which we finalized in the first quarter of 2019, to specific assets and liabilities is based, in part, upon outside appraisals using customary valuation procedures and techniques. The following table summarizes the fair values of the assets acquired and liabilities assumed at April 2, 2018 (in thousands):



Cash and cash equivalents	$	24
Accounts receivable (1)	21,456
Inventories	839
Other current assets	4,266
Property, plant and equipment	129,424
Goodwill	123,569
Intangible assets	110,736
Total assets acquired	390,314

Accounts payable and accrued liabilities	15,023
Income taxes payable	1,038
Other current liabilities	2,027
Deferred income taxes	51,543
Other noncurrent liabilities	5,133
Total liabilities assumed	74,764
Net assets acquired	$	315,550


(1)	The aggregate fair value of the acquired accounts receivable approximated the aggregate gross contractual amount.

Transaction Costs. During the three months ended June 30, 2018, we recognized $5.6 million of costs in connection with the Noralta acquisition that are included in Service and other costs ($0.2 million) and SG&A expenses ($5.4 million). During the six months ended June 30, 2018, we recognized $6.6 million of costs in connection with the Noralta acquisition that are included in Service and other costs ($0.2 million) and SG&A expenses ($6.4 million).

Acadian Acres

On February 28, 2018, we acquired the assets of Lakeland, L.L.C. (Lakeland), located near Lake Charles, Louisiana, for total consideration of $28.0 million, composed of $23.5 million in cash and $4.5 million of our common shares. The asset purchase agreement also includes potential future earn-out payments through December 2020 of up to 1.2 million Civeo common shares, based upon satisfaction of certain future revenue targets. The acquisition included a 400 room lodge, 40 acres of land and related assets. We funded the cash consideration with cash on hand. Lakeland’s operations are reported as a new lodge location, Acadian Acres, in our U.S. reportable business segment.

This acquisition was accounted for as an asset acquisition based on the principles described in ASC 805, which provides a screen to determine when a set of transferred assets is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similarly identifiable assets, the set of transferred assets is not a business. Accordingly, we allocated the excess consideration over the fair value of the assets acquired to the acquired assets, pro rata, on the basis of relative fair values to increase the related assets acquired.

Assets Held for Sale

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Assets Held for Sale

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. Additionally, we have discontinued depreciation of the facility. The facility is part of our Canadian reportable business segment.

Certain undeveloped land positions in the British Columbia LNG market in our Canadian segment previously met the criteria of held for sale. During the first quarter of 2019, we received $4.0 million in proceeds from the sale of four different land positions. The remaining assets are recorded at the estimated fair value less costs to sell of approximately $1.7 million.

In addition, as a result of the Noralta acquisition, Noralta’s corporate offices located on two adjacent property titles in Nisku, Alberta, Canada were closed. During the fourth quarter of 2018, we sold one property. The remaining property is recorded at the estimated fair value less costs to sell of approximately $1.8 million and was the same value used in the purchase price allocation.

The following table summarizes the carrying amount as of June 30, 2019 and December 31, 2018 of the assets classified as held for sale (in thousands):



	June 30, 2019		December 31, 2018
Assets held for sale:
Property, plant and equipment, net	$	8,228	$	10,297
Total assets held for sale	$	8,228	$	10,297

Earnings Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The calculation of earnings per share attributable to Civeo is presented below for the periods indicated (in thousands, except per share amounts):



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Basic Loss per Share
Net loss attributable to Civeo common shareholders	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)
Less: undistributed net income to participating securities	—			—			—			—
Net loss attributable to Civeo common shareholders - basic	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)

Weighted average common shares outstanding - basic	167,532			165,373			166,437			148,595

Basic loss per share	$	(0.09	)	$	(0.29	)	$	(0.20	)	$	(0.70	)

Diluted Loss per Share
Net loss attributable to Civeo common shareholders - basic	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)
Less: undistributed net income to participating securities	—			—			—			—
Net loss attributable to Civeo common shareholders - diluted	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)

Weighted average common shares outstanding - basic	167,532			165,373			166,437			148,595
Effect of dilutive securities (1)	—			—			—			—
Weighted average common shares outstanding - diluted	167,532			165,373			166,437			148,595

Diluted loss per share	$	(0.09	)	$	(0.29	)	$	(0.20	)	$	(0.70	)

(1)

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 three and six months ended June 30, 2019 and 2018. In the three months ended June 30, 2019 and 2018, we excluded from the calculation 3.7 million and 4.1 million share based awards, respectively, since the effect would have been anti-dilutive. In the six months ended June 30, 2019 and 2018, we excluded from the calculation 3.7 million and 3.5 million share based awards, respectively, since the effect would have been anti-dilutive. In the three and six months ended June 30, 2019, we excluded from the calculation the impact of converting the Preferred Shares into 28.1 million common shares, since the effect would have been anti-dilutive. In the three and six months ended June 30, 2018, we excluded from the calculation the impact of converting the Preferred Shares into 29.5 million common shares, since the effect would have been anti-dilutive.

Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Debt

DEBT

As of June 30, 2019 and December 31, 2018, long-term debt consisted of the following (in thousands):



	June 30, 2019		December 31, 2018
Canadian term loan, which matures on November 30, 2020; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 5.7% for the six-month period ended June 30, 2019	$	240,849	$	247,910

U.S. revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 7.1% for the six-month period ended June 30, 2019	5,500		—

Canadian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 6.6% for the six-month period ended June 30, 2019	156,870		114,348

Australian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 5.5% for the six-month period ended June 30, 2019	2,103		16,918
	405,322		379,176
Less: Unamortized debt issuance costs	2,242		2,939
Total debt	403,080		376,237
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	34,833		33,329
Long-term debt, less current maturities	$	368,247	$	342,908

We did not have any capitalized interest to net against interest expense for the three or six months ended June 30, 2019 or 2018.

Amended Credit Agreement

As of June 30, 2019, our Credit Agreement, as then amended to date (the Amended Credit Agreement), provided for: (i) a $239.5 million revolving credit facility scheduled to mature on November 30, 2020, allocated as follows: (A) a $20.0 million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrowers; (B) a $159.5 million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers; and (C) a $60.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower; and (ii) a $325.0 million term loan facility scheduled to mature on November 30, 2020 in favor of Civeo.

The maximum leverage ratio financial covenant is set forth in the tables below.


•	If a qualified offering of indebtedness with gross proceeds in excess of $150 million has been consummated, a maximum leverage ratio not to exceed the ratios set forth in the following table:



Period Ended	Maximum Leverage Ratio
June 30, 2019	4.50 : 1:00
September 30, 2019 & thereafter	4.00 : 1:00


•	and, if such qualified offering has not been consummated, a maximum leverage ratio not to exceed the ratios set forth in the following table:



Period Ended	Maximum Leverage Ratio
June 30, 2019	4.50 : 1:00
September 30, 2019	4.00 : 1:00
December 31, 2019 & thereafter	3.50 : 1:00

U.S. dollar amounts outstanding under the facilities provided by the Amended Credit Agreement bear interest at a variable rate equal to LIBOR plus a margin of 2.25% to 4.00%, or a base rate plus 1.25% to 3.00%, in each case based on a ratio of our total debt to consolidated EBITDA (as defined in the Amended Credit Agreement). Canadian dollar amounts outstanding bear interest at a variable rate equal to a B/A Discount Rate based on the Canadian Dollar Offered Rate plus a margin of 2.25% to 4.00%, or a Canadian Prime rate plus a margin of 1.25% to 3.00%, in each case based on a ratio of our total debt to consolidated EBITDA. Australian dollar amounts outstanding under the Amended Credit Agreement bear interest at a variable rate equal to the Bank Bill Swap Bid Rate plus a margin of 2.25% to 4.00%, based on a ratio of our total debt to consolidated EBITDA.

The Amended Credit Agreement contains customary affirmative and negative covenants that, among other things, limit or restrict: (i) indebtedness, liens and fundamental changes; (ii) asset sales; (iii) acquisitions of margin stock; (iv) specified acquisitions; (v) certain restrictive agreements; (vi) transactions with affiliates; and (vii) investments and other restricted payments, including dividends and other distributions. In addition, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA to consolidated interest expense, of at least 3.0 to 1.0 and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of no greater than 4.5 to 1.0 (as of June 30, 2019). As noted above, the permitted maximum leverage ratio changes over time. Following a qualified offering of indebtedness with gross proceeds in excess of $150 million, we will be required to maintain a maximum senior secured ratio less than 2.50 to 1.0. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Agreement. EBITDA and consolidated interest, as defined, exclude goodwill and asset impairments, debt discount amortization, amortization of intangibles and other non-cash charges. We were in compliance with our covenants as of June 30, 2019.

Borrowings under the Amended Credit Agreement are secured by a pledge of substantially all of our assets and the assets of our subsidiaries. The obligations under the Amended Credit Agreement are guaranteed by our significant subsidiaries. As of June 30, 2019, we have nine lenders that were parties to the Amended Credit Agreement, with total commitments (including both revolving commitments and term commitments) ranging from $24.9 million to $110.6 million. As of June 30, 2019, we had outstanding letters of credit of $0.3 million under the U.S facility, $0.5 million under the Australian facility and $2.6 million under the Canadian facility.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Our operations are conducted through various subsidiaries in a number of countries throughout the world. We have provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned. We operate primarily in three jurisdictions, Canada, Australia and the U.S., where statutory tax rates range from 21% to 30%. Our effective tax rate will vary from period to period based on changes in earnings mix between these different jurisdictions. We compute our quarterly taxes under the effective tax rate method by applying an anticipated annual effective rate to our year-to-date income, except for significant unusual or extraordinary transactions. Income taxes for any significant and unusual or extraordinary transactions are computed and recorded in the period in which the specific transaction occurs. As of June 30, 2019, Australia and the U.S. were considered loss jurisdictions for tax accounting purposes and have been removed from the annual effective tax rate computation for purposes of computing the interim tax provision. Our income tax benefit for the six months ended June 30, 2019 totaled $7.3 million, or 18.7% of pretax loss, compared to a benefit of $24.1 million, or 30.4% of pretax loss, for the six months ended June 30, 2018. Our effective tax rate for the six months ended June 30, 2019 and 2018 was reduced approximately 3% and 5%, respectively, by the exclusion of Australia and the U.S. for purposes of computing the interim tax provision since they are considered loss jurisdictions for tax accounting purposes. Additionally, the effective tax rate for the six months ended June 30, 2018 was impacted by a tax benefit of $4.9 million that was recorded in the second quarter 2018 to reverse a valuation allowance previously recorded in Canada. Our income tax benefit for the three months ended June 30, 2019 totaled $2.9 million, or 16.1% of pretax loss, compared to a benefit of $23.4 million, or 101.3% of pretax loss, for the three months ended June 30, 2018. The effective tax rate for the three months ended June 30, 2018 was impacted by an increase in the 2018 effective tax rate due to Canada no longer being considered a loss jurisdiction in the quarter, as a result of the acquisition of Noralta on April 2, 2018. Under ASC 740-270, Accounting for Income Taxes, the quarterly tax provision is based on our current estimate of the annual effective tax rate less the prior quarter’s year-to-date provision.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on us, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by insurance, will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.

Accumulated Other Comprehensive Loss	6 Months Ended
Accumulated Other Comprehensive Loss	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	ACCUMULATED OTHER COMPREHENSIVE LOSS Our accumulated other comprehensive loss decreased $6.5 million from $371.2 million at December 31, 2018 to $364.8 million at June 30, 2019, as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during the first six months of 2019 were primarily driven by the Canadian dollar increasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately C$0.3 billion and A$0.4 billion, respectively, at June 30, 2019.

Leases

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases

LEASES

We have operating leases covering certain land locations and various office facilities and equipment in our three reportable business segments. Our leases have remaining lease terms of one year to nine years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 90 days.

The components of lease expense were $1.7 million and $1.6 million under operating leases during the three month periods ended June 30, 2019 and 2018, respectively. The components of lease expense were $3.3 million and $2.8 million under operating leases during the six month periods ended June 30, 2019 and 2018, respectively. Included in the measurement of lease liabilities, we paid $1.7 million and $3.1 million in cash related to operating leases during the three and six month periods ended June 30, 2019, respectively. Right-of-use assets obtained in exchange for new lease obligations related to operating leases during the three and six months ended June 30, 2019 were $1.3 million and $3.0 million, respectively.

Supplemental balance sheet information related to leases were as follows (in thousands):



	June 30, 2019
Operating leases
Operating lease right-of-use assets	$	22,446

Other current liabilities	$	5,744
Operating lease liabilities	17,866
Total operating lease liabilities	$	23,610

Weighted average remaining lease term
Operating leases	5.8 years
Weighted average discount rate
Operating leases	5.9		%

Maturities of operating lease liabilities at June 30, 2019, were as follows (in thousands):



For the years ending December 31,
2019	$	3,598
2020	6,314
2021	4,254
2022	3,160
2023	2,479
Thereafter	7,663
Total lease payments	27,468
Less imputed interest	3,858
Total	$	23,610

Share Based Compensation	6 Months Ended
Share Based Compensation	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share Based Compensation	SHARE BASED COMPENSATION Certain key employees and non-employee directors participate in the Amended and Restated 2014 Equity Participation Plan of Civeo Corporation (the Civeo Plan). The Civeo Plan authorizes our Board of Directors and the Compensation Committee of our Board of Directors to approve grants of options, awards of restricted shares, performance awards, phantom share awards and dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors. No more than 18.7 million Civeo common shares may be awarded under the Civeo Plan. Outstanding Awards Options. Compensation expense associated with options recognized in the three and six month periods ended June 30, 2019 and 2018 totaled zero and less than $0.1 million, respectively. There was no unrecognized compensation cost related to options. Restricted Share / Deferred Share Awards. On February 25, 2019, we granted 1,251,353 restricted share awards and deferred share awards under the Civeo Plan, which vest in three equal annual installments beginning on February 25, 2020. On May 16, 2019, we granted 449,100 restricted share awards to our non-employee directors, which vest in their entirety on May 16, 2020. Compensation expense associated with restricted share awards and deferred share awards recognized in the three months ended June 30, 2019 and 2018 totaled $1.4 million and $1.6 million, respectively. Compensation expense associated with restricted share awards and deferred share awards recognized in the six months ended June 30, 2019 and 2018 totaled $2.8 million and $2.9 million, respectively. The total fair value of restricted share awards and deferred share awards that vested during the three months ended June 30, 2019 and 2018 was $0.4 million and $0.9 million, respectively. The total fair value of restricted share awards and deferred share awards that vested during the six months ended June 30, 2019 and 2018 was $3.9 million and $3.4 million, respectively. At June 30, 2019, unrecognized compensation cost related to restricted share awards and deferred share awards was $8.3 million, which is expected to be recognized over a weighted average period of 1.8 years. Phantom Share Awards. On February 25, 2019, we granted 1,144,407 phantom share awards under the Civeo Plan, which vest in three equal annual installments beginning on February 25, 2020. We also granted 270,870 phantom share awards under the Canadian Long-Term Incentive Plan, which vest in three equal annual installments beginning on February 25, 2020. During the three months ended June 30, 2019 and 2018, we recognized compensation expense associated with phantom shares totaling $0.3 million and $2.6 million, respectively. During the six months ended June 30, 2019 and 2018, we recognized compensation expense associated with phantom shares totaling $3.4 million and $6.0 million, respectively. At June 30, 2019, unrecognized compensation cost related to phantom shares was $2.4 million, as remeasured at June 30, 2019, which is expected to be recognized over a weighted average period of 2.5 years. Performance Awards. On February 25, 2019, we granted 1,184,599 performance awards under the Civeo Plan, which cliff vest in three years on February 25, 2022. These awards will be 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 that includes 17 other companies. During the three months ended June 30, 2019 and 2018, we recognized compensation expense associated with performance awards totaling $1.1 million and $1.2 million, respectively. During the six months ended June 30, 2019 and 2018, we recognized compensation expense associated with performance awards totaling $2.2 million and $2.2 million, respectively. The total fair value of performance share awards that vested during the three and six months ended June 30, 2019 was $10.1 million. At June 30, 2019, unrecognized compensation cost related to performance shares was $7.2 million, which is expected to be recognized over a weighted average period of 2.1 years.

Segment and Related Information

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment and Related Information

SEGMENT AND RELATED INFORMATION

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

Financial information by business segment for each of the three months ended June 30, 2019 and 2018 is summarized in the following table (in thousands):



	Total Revenues		Depreciation and amortization		Operating income (loss)			Capital expenditures		Total assets
Three months ended June 30, 2019
Canada	$	78,102	$	16,127	$	(5,761	)	$	9,379	$	842,551
Australia	30,996		10,068		(5,579		)	898		276,525
United States	13,055		3,036		(1,356		)	774		57,570
Corporate and eliminations	—		1,765		640			478		(156,241		)
Total	$	122,153	$	30,996	$	(12,056	)	$	11,529	$	1,020,405

Three months ended June 30, 2018
Canada	$	86,518	$	19,245	$	(7,436	)	$	1,409	$	860,149
Australia	30,577		10,649		(1,099		)	475		314,446
United States	13,082		2,861		(1,832		)	1,029		61,243
Corporate and eliminations	—		1,515		(5,134		)	334		(117,890		)
Total	$	130,177	$	34,270	$	(15,501	)	$	3,247	$	1,117,948

Six months ended June 30, 2019
Canada	$	144,872	$	32,355	$	(17,356	)	$	16,443	$	842,551
Australia	59,417		19,825		(5,964		)	1,833		276,525
United States	26,414		6,102		(2,317		)	2,294		57,570
Corporate and eliminations	—		3,496		(4,312		)	638		(156,241		)
Total	$	230,703	$	61,778	$	(29,949	)	$	21,208	$	1,020,405

Six months ended June 30, 2018
Canada	$	149,908	$	35,756	$	(47,739	)	$	2,481	$	860,149
Australia	58,452		21,766		(4,265		)	1,069		314,446
United States	23,321		4,467		(5,096		)	1,898		61,243
Corporate and eliminations	—		3,045		(10,916		)	495		(117,890		)
Total	$	231,681	$	65,034	$	(68,016	)	$	5,943	$	1,117,948

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On July 1, 2019, we acquired Action Industrial Catering (Action), located in Perth, Australia. We funded the purchase price of $17.0 million in cash through a combination of cash on hand and borrowings under our Amended Credit Agreement. Action's operations will be reported as part of our Australian reportable business segment starting with the third quarter of 2019. This acquisition will be accounted for in accordance with the acquisition method of accounting for business combinations, which requires us to record the assets acquired and the liabilities assumed at their fair values on the acquisition date.

Recent Accounting Pronouncements (Policies)	6 Months Ended
Recent Accounting Pronouncements (Policies)	Jun. 30, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Reclassification	Certain reclassifications have been made to the consolidated statements of operations for the three and six months ended June 30, 2018 to conform to current year presentation.
Recent accounting pronouncements	From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards or other guidance updates, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption. In January 2017, the FASB issued Accounting Standards Update (ASU) 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." The standard simplifies the accounting for goodwill impairment by requiring a goodwill impairment to be measured using a single step impairment model, whereby the impairment equals the difference between the carrying amount and the fair value of the specified reporting units in their entirety. This eliminates the second step of the current impairment model that requires companies to first estimate the fair value of all assets in a reporting unit and measure impairments based on those fair values and a residual measurement approach. It also specifies that any loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective prospectively for public business entities for annual reporting periods beginning after December 15, 2019, and early adoption is permitted. We will adopt this new standard no later than January 1, 2020. The impact of the new standard will be dependent on the specific facts and circumstances of future individual goodwill impairments, if any. In June 2016, the FASB issued 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 anticipate adopting ASU 2016-13 as of January 1, 2020. We are currently evaluating the impact of this new standard on our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases” (Topic 842), which replaces the existing guidance for lease accounting. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 and interim periods within the reporting periods. We have adopted this standard effective January 1, 2019 using the optional transition method, which allows us upon adoption to recognize a cumulative-effect adjustment to the opening balance of accumulated deficit for the application of the standard to our existing leases. Upon adoption of this standard, we recognized a cumulative effect adjustment of $0.7 million (net of $0.2 million of taxes) to increase accumulated deficit in the accompanying unaudited consolidated balance sheet as of June 30, 2019. ASU 2016-02 requires lessees to recognize a lease liability and a right-of-use asset for certain leases. We elected the package of practical expedients, which among other things, allowed us to carry forward the historical lease identification and classification. In addition, we have elected the short-term lease recognition exemption for all leases that qualify. Accordingly, we did not recognize right-of-use assets or lease liabilities for leases with terms shorter than 12 months. Our evaluation process included reviewing all forms of leases, performing a completeness assessment over the lease population and analyzing the available practical expedients in order to determine the best implementation strategy. We determined that certain of our accommodation contracts with customers contain both a lease and non-lease or service component and in those instances concluded the service component was the predominant component. As a result, we elected the practical expedient under ASU 2018-11, which allows us to combine the lease and non-lease components of revenues as Service and other revenues for presentation purposes in accordance with Accounting Standards Codification (ASC) Topic 606, “Revenue from Contracts with Customers” (ASC 606). We also have identified certain arrangements with customers whereby we are a lessor for the rental of mobile camp assets primarily in our U.S segment. For arrangements where we are the lessor, the adoption of the new lease standard did not have a material impact on our financial statements as all of our leases are operating leases, which will result in straight-line recognition of rental revenue. Adoption of the new standard resulted in $21.3 million of operating lease right-of-use assets and $22.4 million of operating lease liabilities as of January 1, 2019. Please see Note 14 – Leases for further information.

Revenue (Tables)

6 Months Ended

Jun. 30, 2019

Revenues [Abstract]

Disaggregation of Revenue

The following table disaggregates our revenue by our three reportable segments: Canada, Australia and U.S., and major categories for the periods indicated (in thousands):



	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Canada
Accommodation revenues	$	66,183	$	80,620	$	123,835	$	131,267
Mobile facility rental revenues	1,819		2,107		2,600		9,901
Food service and other services revenues	9,086		3,716		17,423		7,455
Manufacturing revenues	1,014		75		1,014		1,285
Total Canada revenues	78,102		86,518		144,872		149,908

Australia
Accommodation revenues	$	30,996	$	29,966	$	59,417	$	57,664
Food service and other services revenues	—		611		—		788
Total Australia revenues	30,996		30,577		59,417		58,452

United States
Accommodation revenues	$	4,775	$	5,177	$	9,699	$	8,343
Mobile facility rental revenues	7,626		4,533		14,223		8,110
Manufacturing revenues	607		3,329		2,402		6,793
Food service and other services revenues	47		43		90		75
Total United States revenues	13,055		13,082		26,414		23,321

Total revenues	$	122,153	$	130,177	$	230,703	$	231,681

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction



	For the years ending December 31,
	2019		2020		2021		Thereafter		Total
Revenue expected to be recognized as of June 30, 2019	$	55,246	$	85,117	$	30,255	$	21,911	$	192,529

Details of Selected Balance Sheet Accounts (Tables)

6 Months Ended

Jun. 30, 2019

Balance Sheet Related Disclosures [Abstract]

Schedule of Accounts Receivable

Additional information regarding selected balance sheet accounts at June 30, 2019 and December 31, 2018 is presented below (in thousands):



	June 30, 2019			December 31, 2018
Accounts receivable, net:
Trade	$	66,886		$	48,875
Unbilled revenue	23,654			21,169
Other	449			555
Total accounts receivable	90,989			70,599
Allowance for doubtful accounts	(226		)	(376		)
Total accounts receivable, net	$	90,763		$	70,223

Schedule of Inventories



	June 30, 2019		December 31, 2018
Inventories:
Finished goods and purchased products	$	2,493	$	2,461
Work in process	832		945
Raw materials	1,096		907
Total inventories	$	4,421	$	4,313

Property, Plant and Equipment



	Estimated Useful Life (in years)			June 30, 2019			December 31, 2018
Property, plant and equipment, net:
Land				$	43,411		$	46,805
Accommodations assets	3	—	15	1,692,033			1,650,758
Buildings and leasehold improvements	7	—	20	25,935			25,168
Machinery and equipment	4	—	15	11,105			10,693
Office furniture and equipment	3	—	7	55,898			54,459
Vehicles	3	—	5	14,416			14,589
Construction in progress				21,864			7,119
Total property, plant and equipment				1,864,662			1,809,591
Accumulated depreciation				(1,228,624		)	(1,150,686		)
Total property, plant and equipment, net				$	636,038		$	658,905

Schedule of Accrued Liabilities



	June 30, 2019		December 31, 2018
Accrued liabilities:
Accrued compensation	$	11,295	$	13,545
Accrued taxes, other than income taxes	2,434		2,177
Accrued interest	29		5
Other	933		229
Total accrued liabilities	$	14,691	$	15,956

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2019

Business Combinations [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the fair values of the assets acquired and liabilities assumed at April 2, 2018 (in thousands):



Cash and cash equivalents	$	24
Accounts receivable (1)	21,456
Inventories	839
Other current assets	4,266
Property, plant and equipment	129,424
Goodwill	123,569
Intangible assets	110,736
Total assets acquired	390,314

Accounts payable and accrued liabilities	15,023
Income taxes payable	1,038
Other current liabilities	2,027
Deferred income taxes	51,543
Other noncurrent liabilities	5,133
Total liabilities assumed	74,764
Net assets acquired	$	315,550


(1)	The aggregate fair value of the acquired accounts receivable approximated the aggregate gross contractual amount.

Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the carrying amount as of June 30, 2019 and December 31, 2018 of the assets classified as held for sale (in thousands):



	June 30, 2019		December 31, 2018
Assets held for sale:
Property, plant and equipment, net	$	8,228	$	10,297
Total assets held for sale	$	8,228	$	10,297

- Definition

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.

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+ Details

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The calculation of earnings per share attributable to Civeo is presented below for the periods indicated (in thousands, except per share amounts):



	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Basic Loss per Share
Net loss attributable to Civeo common shareholders	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)
Less: undistributed net income to participating securities	—			—			—			—
Net loss attributable to Civeo common shareholders - basic	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)

Weighted average common shares outstanding - basic	167,532			165,373			166,437			148,595

Basic loss per share	$	(0.09	)	$	(0.29	)	$	(0.20	)	$	(0.70	)

Diluted Loss per Share
Net loss attributable to Civeo common shareholders - basic	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)
Less: undistributed net income to participating securities	—			—			—			—
Net loss attributable to Civeo common shareholders - diluted	$	(15,310	)	$	(48,321	)	$	(32,808	)	$	(103,778	)

Weighted average common shares outstanding - basic	167,532			165,373			166,437			148,595
Effect of dilutive securities (1)	—			—			—			—
Weighted average common shares outstanding - diluted	167,532			165,373			166,437			148,595

Diluted loss per share	$	(0.09	)	$	(0.29	)	$	(0.20	)	$	(0.70	)

(1)

Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

As of June 30, 2019 and December 31, 2018, long-term debt consisted of the following (in thousands):



	June 30, 2019		December 31, 2018
Canadian term loan, which matures on November 30, 2020; 3.125% of aggregate principal repayable per quarter; weighted average interest rate of 5.7% for the six-month period ended June 30, 2019	$	240,849	$	247,910

U.S. revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 7.1% for the six-month period ended June 30, 2019	5,500		—

Canadian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 6.6% for the six-month period ended June 30, 2019	156,870		114,348

Australian revolving credit facility, which matures on November 30, 2020, weighted average interest rate of 5.5% for the six-month period ended June 30, 2019	2,103		16,918
	405,322		379,176
Less: Unamortized debt issuance costs	2,242		2,939
Total debt	403,080		376,237
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	34,833		33,329
Long-term debt, less current maturities	$	368,247	$	342,908

Schedule Of Changes In Maximum Leverage Ratio

If a qualified offering of indebtedness with gross proceeds in excess of $150 million has been consummated, a maximum leverage ratio not to exceed the ratios set forth in the following table:



Period Ended	Maximum Leverage Ratio
June 30, 2019	4.50 : 1:00
September 30, 2019 & thereafter	4.00 : 1:00

and, if such qualified offering has not been consummated, a maximum leverage ratio not to exceed the ratios set forth in the following table:



Period Ended	Maximum Leverage Ratio
June 30, 2019	4.50 : 1:00
September 30, 2019	4.00 : 1:00
December 31, 2019 & thereafter	3.50 : 1:00

- Definition

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

Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Supplemental balance sheet information

Supplemental balance sheet information related to leases were as follows (in thousands):



	June 30, 2019
Operating leases
Operating lease right-of-use assets	$	22,446

Other current liabilities	$	5,744
Operating lease liabilities	17,866
Total operating lease liabilities	$	23,610

Weighted average remaining lease term
Operating leases	5.8 years
Weighted average discount rate
Operating leases	5.9		%

Operating lease maturity schedule

Maturities of operating lease liabilities at June 30, 2019, were as follows (in thousands):



For the years ending December 31,
2019	$	3,598
2020	6,314
2021	4,254
2022	3,160
2023	2,479
Thereafter	7,663
Total lease payments	27,468
Less imputed interest	3,858
Total	$	23,610

Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information by business segment for each of the three months ended June 30, 2019 and 2018 is summarized in the following table (in thousands):



	Total Revenues		Depreciation and amortization		Operating income (loss)			Capital expenditures		Total assets
Three months ended June 30, 2019
Canada	$	78,102	$	16,127	$	(5,761	)	$	9,379	$	842,551
Australia	30,996		10,068		(5,579		)	898		276,525
United States	13,055		3,036		(1,356		)	774		57,570
Corporate and eliminations	—		1,765		640			478		(156,241		)
Total	$	122,153	$	30,996	$	(12,056	)	$	11,529	$	1,020,405

Three months ended June 30, 2018
Canada	$	86,518	$	19,245	$	(7,436	)	$	1,409	$	860,149
Australia	30,577		10,649		(1,099		)	475		314,446
United States	13,082		2,861		(1,832		)	1,029		61,243
Corporate and eliminations	—		1,515		(5,134		)	334		(117,890		)
Total	$	130,177	$	34,270	$	(15,501	)	$	3,247	$	1,117,948

Six months ended June 30, 2019
Canada	$	144,872	$	32,355	$	(17,356	)	$	16,443	$	842,551
Australia	59,417		19,825		(5,964		)	1,833		276,525
United States	26,414		6,102		(2,317		)	2,294		57,570
Corporate and eliminations	—		3,496		(4,312		)	638		(156,241		)
Total	$	230,703	$	61,778	$	(29,949	)	$	21,208	$	1,020,405

Six months ended June 30, 2018
Canada	$	149,908	$	35,756	$	(47,739	)	$	2,481	$	860,149
Australia	58,452		21,766		(4,265		)	1,069		314,446
United States	23,321		4,467		(5,096		)	1,898		61,243
Corporate and eliminations	—		3,045		(10,916		)	495		(117,890		)
Total	$	231,681	$	65,034	$	(68,016	)	$	5,943	$	1,117,948

Description of Business and Basis of Presentation - Narrative (Details)	6 Months Ended
	Jun. 30, 2019 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Recent Accounting Pronouncements - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for new accounting standard			$ 699	$ (394)
Operating lease right-of-use assets	$ 22,446	$ 21,300	0
Total operating lease liabilities	$ 23,610	22,400
Accumulated Deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for new accounting standard			$ 699	$ (394)
Accumulated Deficit \| Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment for new accounting standard		700
Taxes on cumulative effect adjustment		$ 200

Revenue - Narrative (Details)	6 Months Ended
Revenue - Narrative (Details)	Jun. 30, 2019 segment
Revenues [Abstract]
Number of reportable segments	3

Revenue - Disaggregation of revenue by major categories (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total Revenues	$ 122,153	$ 130,177	$ 230,703	$ 231,681
Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total Revenues	7,625	4,417	14,115	7,738
Canada
Disaggregation of Revenue [Line Items]
Total Revenues	78,102	86,518	144,872	149,908
Canada \| Accommodation revenues
Disaggregation of Revenue [Line Items]
Total Revenues	66,183	80,620	123,835	131,267
Canada \| Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total Revenues	1,819	2,107	2,600	9,901
Canada \| Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total Revenues	9,086	3,716	17,423	7,455
Canada \| Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total Revenues	1,014	75	1,014	1,285
Australia
Disaggregation of Revenue [Line Items]
Total Revenues	30,996	30,577	59,417	58,452
Australia \| Accommodation revenues
Disaggregation of Revenue [Line Items]
Total Revenues	30,996	29,966	59,417	57,664
Australia \| Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total Revenues	0	611	0	788
United States
Disaggregation of Revenue [Line Items]
Total Revenues	13,055	13,082	26,414	23,321
United States \| Accommodation revenues
Disaggregation of Revenue [Line Items]
Total Revenues	4,775	5,177	9,699	8,343
United States \| Mobile facility rental revenues
Disaggregation of Revenue [Line Items]
Total Revenues	7,626	4,533	14,223	8,110
United States \| Food service and other services revenues
Disaggregation of Revenue [Line Items]
Total Revenues	47	43	90	75
United States \| Manufacturing revenues
Disaggregation of Revenue [Line Items]
Total Revenues	$ 607	$ 3,329	$ 2,402	$ 6,793

Revenue - Revenue related to performance obligations (Details) $ in Thousands	Jun. 30, 2019 USD ($)
Revenues [Abstract]
Revenue expected to be recognized	$ 192,529
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2019-04-01
Revenues [Abstract]
Revenue expected to be recognized	$ 55,246
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	6 months
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2020-01-01
Revenues [Abstract]
Revenue expected to be recognized	$ 85,117
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2021-01-01
Revenues [Abstract]
Revenue expected to be recognized	$ 30,255
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period	1 year
Revenue, remaining performance obligation, expected timing of satisfaction, start date [Axis]: 2022-01-01
Revenues [Abstract]
Revenue expected to be recognized	$ 21,911
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized, period

Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 90,989	$ 70,599
Allowance for doubtful accounts	(226)	(376)
Total accounts receivable, net	90,763	70,223
Trade
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	66,886	48,875
Unbilled revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	23,654	21,169
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 449	$ 555

Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventories:
Finished goods and purchased products	$ 2,493	$ 2,461
Work in process	832	945
Raw materials	1,096	907
Total inventories	$ 4,421	$ 4,313

Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,864,662	$ 1,809,591
Accumulated depreciation	(1,228,624)	(1,150,686)
Total property, plant and equipment, net	636,038	658,905
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	43,411	46,805
Accommodations assets
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,692,033	1,650,758
Accommodations assets \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Accommodations assets \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	15 years
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 25,935	25,168
Buildings and leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	7 years
Buildings and leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	20 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 11,105	10,693
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	4 years
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	15 years
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 55,898	54,459
Office furniture and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Office furniture and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	7 years
Vehicles
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 14,416	14,589
Vehicles \| Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	3 years
Vehicles \| Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (in years)	5 years
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 21,864	$ 7,119

Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accrued liabilities:
Accrued compensation	$ 11,295	$ 13,545
Accrued taxes, other than income taxes	2,434	2,177
Accrued interest	29	5
Other	933	229
Total accrued liabilities	$ 14,691	$ 15,956

Impairment Charges (Details) - USD ($)	3 Months Ended
Impairment Charges (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2018	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Estimated fair value of Canadian lodge	$ 636,038,000		$ 658,905,000
Australian
Property, Plant and Equipment [Line Items]
Estimated fair value of Canadian lodge	500,000
Impairment expense of long-lived assets held-for-use	4,500,000
Canadian \| Two Lodges in Southern Alberta
Property, Plant and Equipment [Line Items]
Estimated fair value of Canadian lodge		$ 0
Impairment expense of long-lived assets held-for-use		$ 28,700,000
Previously Unrecorded Liability For Asset Retirement Obligation \| Restatement Adjustment \| Australian \| Australia Village
Property, Plant and Equipment [Line Items]
Accretion expense related to ARO	900,000
Depreciation and amortization expense related to ARO	500,000
Impairment expense related to ARO	1,000,000
Recorded ARO liability	$ 2,300,000

Acquisitions - Narrative (Details) $ in Millions, $ in Millions				3 Months Ended		6 Months Ended
	Apr. 02, 2018 USD ($) shares	Apr. 02, 2018 CAD ($) shares	Feb. 28, 2018 USD ($) a Room shares	Mar. 31, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2018 USD ($)
Noralta
Business Acquisition [Line Items]
Cash consideration	$ 161.2	$ 207.7
Shares issued (in shares) \| shares	32,800,000	32,800,000
Escrow deposit disbursements				$ 2.1
Acquisition related transaction costs					$ 5.6	$ 6.6
Noralta \| Preferred shares \| Class A Series 1 Preferred Stock
Business Acquisition [Line Items]
Shares issued (in shares) \| shares	9,679	9,679
Liquidation preference amount, Preferred shares	$ 96.8
Noralta \| Common Shares \| Class A Series 1 Preferred Stock
Business Acquisition [Line Items]
Shares issued (in shares) \| shares	29,300,000.0	29,300,000.0
Lakeland
Business Acquisition [Line Items]
Cash consideration			$ 23.5
Shares issued (in shares) \| shares			1,200,000
Business acquisitions, consideration transferred, total			$ 28.0
Common share consideration			$ 4.5
Number of rooms \| Room			400
Area of land \| a			40
Service and Other Costs \| Noralta
Business Acquisition [Line Items]
Acquisition related transaction costs					0.2	0.2
Selling, General and Administrative Expenses \| Noralta
Business Acquisition [Line Items]
Acquisition related transaction costs					$ 5.4	$ 6.4

Acquisitions - Estimated fair values of assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Apr. 02, 2018
Acquired Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 121,674	$ 114,207
Noralta
Acquired Finite-Lived Intangible Assets [Line Items]
Cash and cash equivalents			$ 24
Accounts receivable			21,456
Inventories			839
Other current assets			4,266
Property, plant and equipment			129,424
Goodwill			123,569
Intangible assets			110,736
Total assets acquired			390,314
Accounts payable and accrued liabilities			15,023
Income taxes payable			1,038
Other current liabilities			2,027
Deferred income taxes			51,543
Other noncurrent liabilities			5,133
Total liabilities assumed			74,764
Net assets acquired			$ 315,550

Assets Held for Sale - Narrative (Details) $ in Thousands	3 Months Ended
Assets Held for Sale - Narrative (Details) $ in Thousands	Mar. 31, 2019 USD ($) Property	Dec. 31, 2018 USD ($) Property	Jun. 30, 2019 USD ($)	Apr. 02, 2018 Property
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale, estimated fair value less costs of sale		$ 10,297	$ 8,228
Undeveloped Land Positions in the British Columbia Segment \| Canadian
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of land positions	$ 4,000
Number of land positions \| Property	4
Assets held for sale, estimated fair value less costs of sale			1,700
Noralta \| Noralta \| Canadian
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of real estate properties \| Property				2
Number of real estate properties sold \| Property		1
Estimated fair value of remaining property			$ 1,800

Assets Held for Sale - Carrying Amount of Assets Held for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Property, plant and equipment, net	$ 8,228	$ 10,297
Total assets held for sale	$ 8,228	$ 10,297

Earnings Per Share - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Basic Loss per Share
Net loss attributable to Civeo common shareholders	$ (15,310)	$ (48,321)	$ (32,808)	$ (103,778)
Less: undistributed net income to participating securities	0	0	0	0
Net loss attributable to Civeo common shareholders - basic	$ (15,310)	$ (48,321)	$ (32,808)	$ (103,778)
Weighted average common shares outstanding - basic (in shares)	167,532	165,373	166,437	148,595
Basic loss per share (USD per share)	$ (0.09)	$ (0.29)	$ (0.20)	$ (0.70)
Diluted Loss per Share
Net loss attributable to Civeo common shareholders - basic	$ (15,310)	$ (48,321)	$ (32,808)	$ (103,778)
Less: undistributed net income to participating securities	0	0	0	0
Net loss attributable to Civeo common shareholders - diluted	$ (15,310)	$ (48,321)	$ (32,808)	$ (103,778)
Effect of dilutive securities (in shares)	0	0	0	0
Weighted average common shares outstanding - diluted (in shares)	167,532	165,373	166,437	148,595
Diluted loss per share (USD per share)	$ (0.09)	$ (0.29)	$ (0.20)	$ (0.70)

Earnings Per Share - Narrative (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Employee stock option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3.7	4.1	3.7	3.5
Preferred Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	28.1	29.5	28.0	29.3

Debt - Long-term Debt (Details) - USD ($) $ in Thousands	6 Months Ended
Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Long-term debt, gross	$ 405,322	$ 379,176
Less: Unamortized debt issuance costs	2,242	2,939
Total debt	403,080	376,237
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	34,833	33,329
Long-term debt, less current maturities	368,247	342,908
Canadian term loan, 2.50% of aggregate principal repayable per quarter; weighted average interest rate of 5.3% for the period
Debt Instrument [Line Items]
Canadian term loan	$ 240,849	247,910
Stated interest rate	3.125%
Weighted average interest rate of term loan	5.70%
U.S. revolving credit facility, weighted average interest rate of 7.0% for the period
Debt Instrument [Line Items]
Revolving credit facility	$ 5,500	0
Interest rate on line of credit facility	7.10%
Canadian revolving credit facility, weighted average interest rate of 6.0% for the period
Debt Instrument [Line Items]
Revolving credit facility	$ 156,870	114,348
Interest rate on line of credit facility	6.60%
Australian revolving credit facility, weighted average interest rate of 5.4% for the period
Debt Instrument [Line Items]
Revolving credit facility	$ 2,103	$ 16,918
Interest rate on line of credit facility	5.50%

Debt - Amended credit agreement (Details)		3 Months Ended			6 Months Ended
Debt - Amended credit agreement (Details)	Dec. 31, 2018 USD ($)	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019 USD ($) Lender	Jun. 30, 2019 USD ($) Lender
Line of Credit Facility [Line Items]
Interest coverage ratio					3
Maximum leverage ratio					4.5
Maximum senior secured ratio					2.50
Line of credit \| London Interbank Offered Rate (LIBOR) \| Minimum \| United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Line of credit \| London Interbank Offered Rate (LIBOR) \| Maximum \| United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Line of credit \| Base rate \| Minimum \| United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Line of credit \| Base rate \| Minimum \| Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	1.25%
Line of credit \| Base rate \| Maximum \| United States of America, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.00%
Line of credit \| Base rate \| Maximum \| Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	3.00%
Line of credit \| Canadian Dealer Offered Rate (CDOR) \| Minimum \| Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Line of credit \| Canadian Dealer Offered Rate (CDOR) \| Maximum \| Canada, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Line of credit \| Bank Bill Swap Bid Rate (BBSY) \| Minimum \| Australia, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	2.25%
Line of credit \| Bank Bill Swap Bid Rate (BBSY) \| Maximum \| Australia, Dollars
Line of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Amended credit facility
Line of Credit Facility [Line Items]
Maximum leverage ratio				4.50
Number of lenders \| Lender				9	9
Amended credit facility \| Minimum
Line of Credit Facility [Line Items]
Lender commitments, within credit agreement				$ 24,900,000	$ 24,900,000
Amended credit facility \| Maximum
Line of Credit Facility [Line Items]
Lender commitments, within credit agreement				110,600,000	110,600,000
Amended credit facility \| US term loan
Line of Credit Facility [Line Items]
Term loan, face amount				325,000,000	325,000,000
Revolving credit facility \| Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity				239,500,000	239,500,000
Revolving credit facility, U.S. subsidiaries \| Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity				20,000,000	20,000,000
Outstanding letters of credit				300,000	300,000
Revolving credit facility, Canadian subsidiaries \| Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity				159,500,000	159,500,000
Outstanding letters of credit				2,600,000	2,600,000
Revolving credit facility, Australian subsidiaries \| Amended credit facility
Line of Credit Facility [Line Items]
Revolving credit facility, maximum borrowing capacity				60,000,000	60,000,000
Outstanding letters of credit				$ 500,000	500,000
Maximum Leverage Ratio \| Revolving credit facility, Australian subsidiaries \| Amended And Restated Syndicated Facility Agreement
Line of Credit Facility [Line Items]
Gross proceeds from qualified offering of indebtedness	$ 150,000,000				$ 150,000,000
Offering of Indebtedness \| Amended credit facility
Line of Credit Facility [Line Items]
Maximum leverage ratio				4.50
Scenario, Forecast \| Amended credit facility
Line of Credit Facility [Line Items]
Maximum leverage ratio		3.50	4.00
Scenario, Forecast \| Offering of Indebtedness \| Amended credit facility
Line of Credit Facility [Line Items]
Maximum leverage ratio			4.00

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Schedule of Income Taxes [Line Items]
Income tax expense (benefit)	$ 2,850	$ 23,371	$ 7,334	$ 24,056
Income tax benefit, percent of pretax loss	(16.10%)	(101.30%)	(18.70%)	(30.40%)
Tax benefit recorded to reverse valuation allowance		$ 4,900
Reduction in effective tax rate			3.00%	5.00%
Minimum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	21.00%		21.00%
Maximum
Schedule of Income Taxes [Line Items]
Statutory tax rate, Canada, Australia and the U.S.	30.00%		30.00%

Accumulated Other Comprehensive Loss - Narrative (Details) $ in Thousands, $ in Billions, $ in Billions	6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2019 AUD ($)	Jun. 30, 2019 CAD ($)	Dec. 31, 2018 USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Increase in other comprehensive loss, foreign currency exchange rate fluctuations during the period	$ 6,500
Accumulated other comprehensive loss	$ (364,786)			$ (371,249)
International functional currency net assets		$ 0.4	$ 0.3

Leases - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
Leases - Narrative (Details) $ in Millions	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) segment	Jun. 30, 2018 USD ($)
Lessee, Lease, Description [Line Items]
Number of reportable segments \| segment			3
Options to extend operating leases	10 years		10 years
Options to terminate leases			90 days
Operating lease expense	$ 1.7	$ 1.6	$ 3.3	$ 2.8
Cash payments for leases	1.7		3.1
Right-of-use asset obtained in exchange for new lease obligation	$ 1.3		$ 3.0
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year		1 year
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	9 years		9 years

Leases - Operating Leases Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating leases
Operating lease right-of-use assets	$ 22,446	$ 21,300	$ 0
Liabilities [Abstract]
Other current liabilities	5,744
Operating lease liabilities	17,866		$ 0
Total operating lease liabilities	$ 23,610	$ 22,400
Weighted average remaining lease term, operating leases	5 years 275 days
Weighted average discount rate, operating leases	5.90%

Leases - Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Jan. 01, 2019
Leases [Abstract]
2019	$ 3,598
2020	6,314
2021	4,254
2022	3,160
2023	2,479
Thereafter	7,663
Total lease payments	27,468
Less imputed interest	3,858
Total	$ 23,610	$ 22,400

Share Based Compensation - Narrative (Details)			3 Months Ended		6 Months Ended
Share Based Compensation - Narrative (Details)	May 16, 2019 shares	Feb. 25, 2019 Company shares	Jun. 30, 2019 USD ($) shares	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) shares	Jun. 30, 2018 USD ($)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Share-based compensation arrangement, number of shares authorized (in shares) \| shares			18,700,000		18,700,000
Employee stock option
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)			$ 0	$ 100,000
Restricted stock and deferred stock awards
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)			1,400,000	1,600,000	$ 2,800,000	$ 2,900,000
Fair value of restricted share awards and deferred compensation that vested during the period			400,000	900,000	3,900,000	3,400,000
Unrecognized compensation cost related to share awards			8,300,000		$ 8,300,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.					1 year 290 days
Restricted stock and deferred stock awards \| Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Restricted share awards, grants during period (in shares) \| shares		1,251,353
Vesting period of share awards		3 years
Phantom share units (PSUs)
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)			300,000	2,600,000	$ 3,400,000	6,000,000
Unrecognized compensation cost related to share awards			2,400,000		$ 2,400,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.					2 years 180 days
Phantom share units (PSUs) \| Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Vesting period of share awards		3 years
Phantom share units vested during the period (in shares) \| shares		1,144,407
Phantom share units (PSUs) \| Canadian Long-Term Incentive Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Vesting period of share awards		3 years
Phantom share units vested during the period (in shares) \| shares		270,870
Performance shares
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Allocated share-based compensation expense (less than .1M)			1,100,000	$ 1,200,000	$ 2,200,000	$ 2,200,000
Fair value of restricted share awards and deferred compensation that vested during the period			10,100,000		10,100,000
Unrecognized compensation cost related to share awards			$ 7,200,000		$ 7,200,000
Unrecognized compensation cost related to share awards, expected weighted average vesting period.					2 years 30 days
Performance shares \| Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Restricted share awards, grants during period (in shares) \| shares		1,184,599
Vesting period of share awards		3 years
Peer group, number of companies \| Company		17
Performance shares \| Civeo Plan \| Minimum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance share award, percentage		0.00%
Performance shares \| Civeo Plan \| Maximum
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Target performance share award, percentage		200.00%
Director \| Restricted stock and deferred stock awards \| Civeo Plan
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Restricted share awards, grants during period (in shares) \| shares	449,100

Segment and Related Information - Financial Information by Business Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Total Revenues	$ 122,153	$ 130,177	$ 230,703	$ 231,681
Depreciation and amortization	30,996	34,270	61,778	65,034
Operating income (loss)	(12,056)	(15,501)	(29,949)	(68,016)
Capital expenditures	11,529	3,247	21,208	5,943
Total assets	1,020,405	1,117,948	1,020,405	1,117,948	$ 1,001,677
Canada
Total Revenues	78,102	86,518	144,872	149,908
Australia
Total Revenues	30,996	30,577	59,417	58,452
United States
Total Revenues	13,055	13,082	26,414	23,321
Operating Segments \| Canada
Total Revenues	78,102	86,518	144,872	149,908
Depreciation and amortization	16,127	19,245	32,355	35,756
Operating income (loss)	(5,761)	(7,436)	(17,356)	(47,739)
Capital expenditures	9,379	1,409	16,443	2,481
Total assets	842,551	860,149	842,551	860,149
Operating Segments \| Australia
Total Revenues	30,996	30,577	59,417	58,452
Depreciation and amortization	10,068	10,649	19,825	21,766
Operating income (loss)	(5,579)	(1,099)	(5,964)	(4,265)
Capital expenditures	898	475	1,833	1,069
Total assets	276,525	314,446	276,525	314,446
Operating Segments \| United States
Total Revenues	13,055	13,082	26,414	23,321
Depreciation and amortization	3,036	2,861	6,102	4,467
Operating income (loss)	(1,356)	(1,832)	(2,317)	(5,096)
Capital expenditures	774	1,029	2,294	1,898
Total assets	57,570	61,243	57,570	61,243
Corporate and eliminations
Total Revenues	0	0	0	0
Depreciation and amortization	1,765	1,515	3,496	3,045
Operating income (loss)	640	(5,134)	(4,312)	(10,916)
Capital expenditures	478	334	638	495
Total assets	$ (156,241)	$ (117,890)	$ (156,241)	$ (117,890)

Subsequent Events (Details) $ in Millions	Jul. 01, 2019 USD ($)
Australian \| Action Industrial Catering \| Subsequent Event
Subsequent Event [Line Items]
Cash paid to acquire business	$ 17.0