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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Nonvested Share Activity | The following presents the changes in phantom share unit awards outstanding and related information for our employees during the years ended December 31, 2024, 2023 and 2022:
| Number of Awards
Nonvested shares at December 31, 2021 | 622,130 |
Granted | 335,098 |
Vested | (270,382) |
Forfeited | (27,558) |
Nonvested shares at December 31, 2022 | 659,288 |
Granted | 229,845 |
Vested | (335,178) |
Forfeited | (33,394) |
Nonvested shares at December 31, 2023 | 520,561 |
Granted | 314,260 |
Vested | (274,838) |
Forfeited | (50,222) |
Nonvested shares at December 31, 2024 | 509,761 |
Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions |
| 2024 |  | 2023 |  | 2022
Risk-free weighted interest rate | 4.9 | % |  | 4.4 | % |  | 1.7 | %
Dividend yield | 4.3 | % |  | — | % |  | — | %
Expected volatility | 44.0 | % |  | 73.0 | % |  | 78.0 | %
Initial TSR | 4.3 | % |  | 4.1 | % |  | 14.1 | %
Share-based Compensation, Performance Shares Award Nonvested Activity | The following presents the changes in performance share awards outstanding and related information for our employees during the year ended December 31, 2024, 2023 and 2022:
| Number of Awards |  | Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2021 | 216,209 |  |  | $ | 33.97 |
Granted | 123,385 |  |  | 27.69 |
Performance adjustment (1) | 22,235 |  |  | — |
Vested | (107,795) |  |  | 44.76 |
Forfeited | — |  |  | — |
Nonvested shares at December 31, 2022 | 254,034 |  |  | $ | 29.81 |
Granted | 86,454 |  |  | 38.45 |
Performance adjustment (2) | — |  |  | — |
Vested | — |  |  | — |
Forfeited | (8,487) |  |  | 32.67 |
Nonvested shares at December 31, 2023 | 332,001 |  |  | $ | 32.37 |
Granted | 122,978 |  |  | 24.17 |
Performance adjustment (3) | (3,833) |  |  | — |
Vested | (124,099) |  |  | 22.51 |
Forfeited | (41,599) |  |  | 28.65 |
Nonvested shares at December 31, 2024 | 285,448 |  |  | $ | 22.34 |
(1)Related to 2019 performance share awards that vested in 2022, which were paid out at 126% based on Civeo's TSR rank. (2)No performance share awards vested in 2023. (3)Related to 2021 performance share awards that vested in 2024, which were paid out at 97% based on Civeo's TSR rank.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity | The following presents the changes in restricted share awards, restricted share units and deferred share awards outstanding and related information for our employees and non-employee directors during the years ended December 31, 2024, 2023 and 2022:
| Number of Awards/Units |  | Weighted Average Grant Date Fair Value Per Share |
Nonvested shares at December 31, 2021 | 84,857 |  |  | $ | 21.76 |  |
Granted | 40,465 |  |  | 25.64 |  |
Vested | (86,290) |  |  | 21.83 |  |
Nonvested shares at December 31, 2022 | 39,032 |  |  | $ | 25.62 |  |
Granted | 50,336 |  |  | 21.02 |  |
Vested | (39,770) |  |  | 25.53 |  |
Nonvested shares at December 31, 2023 | 49,598 |  |  | $ | 21.02 |  |
Granted | 42,125 |  |  | 24.75 |  |
Vested | (49,598) |  |  | 21.02 |  |
Nonvested shares at December 31, 2024 | 42,125 |  |  | $ | 24.75 |  |

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