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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE We calculate our basic earnings per share by dividing net income (loss) attributable to us by the weighted average number of common shares outstanding. For diluted earnings per share, the basic shares outstanding are adjusted by adding all potentially dilutive securities. The calculation of basic and diluted 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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Numerator: |  |  |  |  |  |  |
Basic net income (loss) attributable to Civeo Corporation | $ | (5,091) |  |  | $ | 9,022 |  |  | $ | (1,997) |  |  | $ | 7,132 |
Diluted net income (loss) attributable to Civeo Corporation | $ | (5,091) |  |  | $ | 9,022 |  |  | $ | (1,997) |  |  | $ | 7,132 |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding - basic | 14,293 |  |  | 14,814 |  |  | 14,488 |  |  | 14,980 |
Dilutive shares - share-based awards | — |  |  | 77 |  |  | — |  |  | 71 |
Weighted average shares outstanding - diluted | 14,293 |  |  | 14,891 |  |  | 14,488 |  |  | 15,051 |
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) | $ | (0.36) |  |  | $ | 0.61 |  |  | $ | (0.14) |  |  | $ | 0.48 |
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) | $ | (0.36) |  |  | $ | 0.61 |  |  | $ | (0.14) |  |  | $ | 0.47 |
(1)Computations may reflect rounding adjustments. Share-based awards excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the three and nine months ended September 30, 2024 totaled 0.2 million shares. Share-based awards excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the three and nine months ended September 30, 2023 totaled fewer than 0.1 million shares.

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