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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 188,713 $ 178,843 $ 354,833 $ 346,434
Costs and expenses:        
Selling, general and administrative expenses 17,433 16,459 36,073 32,649
Depreciation and amortization expense 17,059 20,701 33,829 42,363
Impairment expense 0 0 7,823 0
(Gain) loss on sale of McClelland Lake Lodge assets, net 87 0 (5,988) 0
Other operating expense 188 86 486 215
Total costs and expenses 175,601 168,671 343,502 340,166
Operating income 13,112 10,172 11,331 6,268
Interest expense (2,203) (3,604) (4,563) (7,260)
Interest income 54 50 97 82
Other income 310 427 763 2,877
Income before income taxes 11,273 7,045 7,628 1,967
Income tax expense (3,786) (2,878) (5,337) (4,111)
Net income (loss) 7,487 4,167 2,291 (2,144)
Less: Net loss attributable to noncontrolling interest (740) (296) (803) (254)
Net income (loss) attributable to Civeo Corporation $ 8,227 $ 4,463 $ 3,094 $ (1,890)
Per Share Data (see Note 7)        
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share) $ 0.57 $ 0.30 $ 0.21 $ (0.13)
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share) $ 0.56 $ 0.30 $ 0.21 $ (0.13)
Weighted average number of common shares outstanding:        
Basic (in shares) 14,518 14,970 14,586 15,064
Diluted (in shares) 14,600 15,000 14,678 15,064
Dividends per common share (in dollars per share) $ 0.25 $ 0 $ 0.50 $ 0
Service and other        
Revenues:        
Total revenues $ 188,233 $ 178,532 $ 353,763 $ 345,909
Costs and expenses:        
Service and other costs 140,749 131,333 271,115 264,725
Rental        
Revenues:        
Total revenues 248 13 631 34
Costs and expenses:        
Service and other costs 0 10 0 45
Product        
Revenues:        
Total revenues 232 298 439 491
Costs and expenses:        
Service and other costs $ 85 $ 82 $ 164 $ 169