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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Nonvested Share Activity | The following table presents the changes in phantom share unit awards outstanding and related information for our employees during the years ended December 31, 2023, 2022 and 2021:
| Number of Awards
Nonvested shares at December 31, 2020 | 458,175 |
Granted | 354,535 |
Vested | (163,499) |
Forfeited | (27,081) |
Nonvested shares at December 31, 2021 | 622,130 |
Granted | 335,098 |
Vested | (270,382) |
Forfeited | (27,558) |
Nonvested shares at December 31, 2022 | 659,288 |
Granted | 229,845 |
Vested | (335,178) |
Forfeited | (33,394) |
Nonvested shares at December 31, 2023 | 520,561 |
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions |
| 2023 |  | 2022 |  | 2021
Risk-free weighted interest rate | 4.4 | % |  | 1.7 | % |  | 0.2 | %
Expected volatility | 73.0 | % |  | 78.0 | % |  | 83.0 | %
Initial TSR | 4.1 | % |  | 14.1 | % |  | 27.1 | %
Share-based Compensation, Performance Shares Award Nonvested Activity | The following table presents the changes in performance share awards outstanding and related information for our employees during the year ended December 31, 2023, 2022 and 2021:
| Number of Awards |  | Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2020 | 152,312 |  |  | $ | 52.86 |
Granted | 130,649 |  |  | 26.86 |
Performance adjustment (1) | 28,466 |  |  | — |
Vested | (93,922) |  |  | 63.60 |
Forfeited | (1,296) |  |  | 44.76 |
Nonvested shares at December 31, 2021 | 216,209 |  |  | $ | 33.97 |
Granted | 123,385 |  |  | 27.69 |
Performance adjustment (2) | 22,235 |  |  | — |
Vested | (107,795) |  |  | 44.76 |
Forfeited | — |  |  | — |
Nonvested shares at December 31, 2022 | 254,034 |  |  | $ | 29.81 |
Granted | 86,454 |  |  | 38.45 |
Performance adjustment (3) | — |  |  | — |
Vested (3) | — |  |  | — |
Forfeited | (8,487) |  |  | 32.67 |
Nonvested shares at December 31, 2023 | 332,001 |  |  | $ | 32.37 |
(1)Related to 2018 performance share awards that vested in 2021, which were paid out at 150% based on Civeo's TSR rank. (2)Related to 2019 performance share awards that vested in 2022, which were paid out at 126% based on Civeo's TSR rank. (3)No performance share awards vested in 2023.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following table presents the changes in restricted share awards, restricted share units and deferred share awards outstanding and related information for our employees and non-employee directors during the years ended December 31, 2023, 2022 and 2021:
| Number of Awards/Units |  | Weighted Average Grant Date Fair Value Per Share |
Nonvested shares at December 31, 2020 | 105,091 |  |  | $ | 34.56 |  |
Granted | 59,027 |  |  | 17.58 |  |
Vested | (77,304) |  |  | 35.76 |  |
Forfeited | (1,957) |  |  | 30.36 |  |
Nonvested shares at December 31, 2021 | 84,857 |  |  | $ | 21.76 |  |
Granted | 40,465 |  |  | 25.64 |  |
Vested | (86,290) |  |  | 21.83 |  |
Nonvested shares at December 31, 2022 | 39,032 |  |  | $ | 25.62 |  |
Granted | 50,336 |  |  | 21.02 |  |
Vested | (39,770) |  |  | 25.53 |  |
Nonvested shares at December 31, 2023 | 49,598 |  |  | $ | 21.02 |  |

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