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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE We calculate our basic earnings per share by dividing net income (loss) attributable to Civeo Corporation 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 March 31, |  |
| 2025 |  | 2024 |  |  |  |
Numerator: |  |  |  |  |  |  |
Basic net loss attributable to Civeo Corporation | $ | (9,842) |  |  | $ | (5,133) |  |  |  |  |
Diluted net loss attributable to Civeo Corporation | $ | (9,842) |  |  | $ | (5,133) |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding - basic | 13,600 |  |  | 14,655 |  |  |  |  |
Dilutive shares - share-based awards | — |  |  | — |  |  |  |  |
Weighted average shares outstanding - diluted | 13,600 |  |  | 14,655 |  |  |  |  |
Basic net loss per share attributable to Civeo Corporation common shareholders (1) | $ | (0.72) |  |  | $ | (0.35) |  |  |  |  |
Diluted net loss per share attributable to Civeo Corporation common shareholders (1) | $ | (0.72) |  |  | $ | (0.35) |  |  |  |  |
(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 totaled 0.1 million shares and 0.1 million shares, respectively, for the three months ended March 31, 2025 and 2024.

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