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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 176,338 $ 183,572 $ 531,171 $ 530,006
Costs and expenses:        
Selling, general and administrative expenses 19,635 20,236 55,708 52,885
Depreciation and amortization expense 17,440 16,914 51,269 59,277
Impairment expense 0 0 7,823 0
(Gain) loss on sale of McClelland Lake Lodge assets, net 171 0 (5,817) 0
Other operating expense 506 87 992 302
Total costs and expenses 176,294 167,533 519,796 507,699
Operating income 44 16,039 11,375 22,307
Interest expense (1,725) (3,365) (6,288) (10,625)
Interest income 50 44 147 126
Other income (expense) 204 (4,709) 967 (1,832)
Income (loss) before income taxes (1,427) 8,009 6,201 9,976
Income tax (expense) benefit (3,862) 1,214 (9,199) (2,897)
Net income (loss) (5,289) 9,223 (2,998) 7,079
Less: Net income (loss) attributable to noncontrolling interest (198) 201 (1,001) (53)
Net income (loss) attributable to Civeo Corporation $ (5,091) $ 9,022 $ (1,997) $ 7,132
Per Share Data (see Note 7)        
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share) $ (0.36) $ 0.61 $ (0.14) $ 0.48
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (in dollars per share) $ (0.36) $ 0.61 $ (0.14) $ 0.47
Weighted average number of common shares outstanding:        
Basic (in shares) 14,293 14,814 14,488 14,980
Diluted (in shares) 14,293 14,891 14,488 15,051
Dividends per common share (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.25
Service and other        
Revenues:        
Total revenues $ 175,968 $ 183,229 $ 529,731 $ 529,172
Costs and expenses:        
Service and other costs 138,445 130,183 409,560 394,953
Rental        
Revenues:        
Total revenues 111 0 742 0
Costs and expenses:        
Service and other costs 0 0 0 0
Product        
Revenues:        
Total revenues 259 343 698 834
Costs and expenses:        
Service and other costs $ 97 $ 113 $ 261 $ 282