XML 36 R26.htm IDEA: XBRL DOCUMENT v3.22.2.2

EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Numerator:
Net income (loss) attributable to Civeo common shareholders			$	5,225					$	62					$	15,226					$	(10,367)
Less: income allocated to participating securities			(794)						(9)						(2,297)						—
Basic net income (loss) attributable to Civeo Corporation common shareholders			$	4,431					$	53					$	12,929					$	(10,367)
Add: undistributed income attributable to participating securities			794						9						2,297						—
Less: undistributed income reallocated to participating securities			(788)						(9)						(2,275)						—
Diluted net income (loss) attributable to Civeo Corporation common shareholders			$	4,437					$	53					$	12,951					$	(10,367)
Denominator:
Weighted average shares outstanding - basic			13,932						14,277						14,058						14,255
Dilutive shares - share-based awards			132						84						162						—
Weighted average shares outstanding - diluted			14,064						14,361						14,220						14,255
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1)			$	0.32					$	—					$	0.92					$	(0.73)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1)			$	0.32					$	—					$	0.91					$	(0.73)

(1)Computations may reflect rounding adjustments.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalents have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented (in millions of shares):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
Share-based awards (1)			—						0.1						—						0.2
Preferred shares			2.5						2.4						2.5						2.4

(1)Share-based awards for the three and nine months ended September 30, 2022 totaled less than 0.1 million shares.

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration