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EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

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 years ended December 31, 2023, 2022 and 2021 (in thousands, except per share amounts): 

			2023						2022						2021
Numerator:
Net income attributable to Civeo common shareholders, before allocation of earnings to participating securities			$	30,157					$	2,226					$	(575)
Less: premium paid for repurchase of preferred shares			—						(5,189)						—
Less: income allocated to participating securities			—						—						—
Net income (loss) attributable to Civeo Corporation common shareholders, after allocation of earnings to participating securities			$	30,157					$	(2,963)					$	(575)
Add: undistributed income attributable to participating securities			—						—						—
Less: undistributed income reallocated to participating securities			—						—						—
Diluted net income (loss) attributable to Civeo Corporation common shareholders, after reallocation adjustment for participating securities			$	30,157					$	(2,963)					$	(575)
Denominator:
Weighted average shares outstanding - basic			14,906						14,002						14,232
Dilutive shares - share-based awards			107						—						—
Weighted average shares outstanding - diluted			15,013						14,002						14,232
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1)			$	2.02					$	(0.21)					$	(0.04)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1)			$	2.01					$	(0.21)					$	(0.04)

(1)Computations may reflect rounding adjustments.

Shares Excluded From Weighted-Average Common Shares Outstanding, Anti-Dilutive

The following common share equivalents have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the years ended December 31, 2023, 2022 and 2021 (in millions of shares):

			2023						2022						2021
Share-based awards (1)			—						0.2						0.2
Preferred shares			—						2,240						2,461

(1)Share-based awards for the year ended December 31, 2023 totaled fewer than 0.1 million shares.

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- Definition

Shares Excluded From Weighted-Average Common Shares Outstanding, Anti-Dilutive

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- 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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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