XML 150 R39.htm IDEA: XBRL DOCUMENT
v3.25.0.1

EARNINGS PER SHARE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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, 2024, 2023 and 2022 (in thousands, except per share amounts):
| 2024 |  | 2023 |  | 2022
Numerator: |  |  |  |  |
Net income (loss) attributable to Civeo common shareholders, before allocation of earnings to participating securities | $ | (17,067) |  |  | $ | 30,157 |  |  | $ | 2,226 |
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 | $ | (17,067) |  |  | $ | 30,157 |  |  | $ | (2,963) |
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 | $ | (17,067) |  |  | $ | 30,157 |  |  | $ | (2,963) |
Denominator: |  |  |  |  |
Weighted average shares outstanding - basic | 14,287 |  |  | 14,906 |  |  | 14,002 |
Dilutive shares - share-based awards | — |  |  | 107 |  |  | — |
Weighted average shares outstanding - diluted | 14,287 |  |  | 15,013 |  |  | 14,002 |
Basic net income (loss) per share attributable to Civeo Corporation common shareholders (1) | $ | (1.19) |  |  | $ | 2.02 |  |  | $ | (0.21) |
Diluted net income (loss) per share attributable to Civeo Corporation common shareholders (1) | $ | (1.19) |  |  | $ | 2.01 |  |  | $ | (0.21) |
(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, 2024, 2023 and 2022 (in millions of shares):
| 2024 |  | 2023 |  | 2022 |  |
Share-based awards (1) | 0.1 |  |  | — |  |  | 0.2 |  |  |
Preferred shares | — |  |  | — |  |  | 2,240 |  |  |
(1)Share-based awards for the year ended December 31, 2023 totaled fewer than 0.1 million shares.

X
- Definition Shares Excluded From Weighted-Average Common Shares Outstanding, Anti-Dilutive + References No definition available. + Details
Name: | cveo_SharesExcludedFromWeightedAverageCommonSharesOutstandingAntiDilutiveTableTextBlock
Namespace Prefix: | cveo_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration