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Business Description and Basis of Presentation [Text Block]

1.	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION

Description of the Business

We are one of the largest integrated providers of longer-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. Our scalable modular facilities provide long-term and temporary workforce accommodations where traditional accommodations and related infrastructure is insufficient, inaccessible or not cost effective. Once facilities are deployed in the field, we also provide catering and food services, housekeeping, laundry, facility management, water and wastewater treatment, power generation, communications and redeployment logistics. Our accommodations support workforces in the Canadian oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications as well as disaster relief efforts, primarily in Canada, Australia and the United States. We operate in three principal reportable business segments – Canadian, Australian and U.S.

On May 5, 2014, the board of directors of the Oil States International, Inc. (Oil States) approved the separation of its Accommodations Segment (Accommodations) into a standalone, publicly traded Delaware corporation (Civeo US). In accordance with the Separation and Distribution Agreement, the two companies were separated by Oil States distributing to its stockholders all 106,538,044 shares of common stock of Civeo US it held after the market closed on May 30, 2014 (the Spin-Off). Each Oil States stockholder received two shares of Civeo US common stock for every one share of Oil States stock held at the close of business on the record date of May 21, 2014. In conjunction with the Spin-Off, Oil States received a private letter ruling from the Internal Revenue Service to the effect that, based on certain facts, assumptions, representations and undertakings set forth in the ruling, for U.S. federal income tax purposes, Oil States’ distribution of Civeo US common stock was not taxable to Oil States or U.S. holders of Oil States common stock. Following the Spin-Off, Oil States retained no ownership interest in Civeo US, and each company now has separate public ownership, boards of directors and management. On June 2, 2014, Civeo US stock began trading the “regular-way” on the New York Stock Exchange (NYSE) under the “CVEO” stock symbol. Pursuant to the Separation and Distribution Agreement with Oil States, on May 28, 2014, we made a special cash distribution to Oil States of $750 million.

On July 17, 2015, we changed our place of incorporation, pursuant to which Civeo Corporation, a British Columbia, Canada limited company formerly named Civeo Canadian Holdings ULC (Civeo Canada), became the publicly traded parent company of the Civeo group of companies (the Redomicile Transaction). The Redomicile Transaction was effected pursuant to a previously announced Agreement and Plan of Merger, dated as of April 6, 2015, between Civeo US, Civeo US Merger Co, a Delaware corporation and wholly owned subsidiary of Civeo Canada (US Merger Co), and Civeo Canada. At the effective time of the merger, (i) US Merger Co was merged with Civeo US, with Civeo US surviving the merger as a wholly owned subsidiary of Civeo Canada, and (ii) each issued share of Civeo US common stock, other than those shares of Civeo US common stock held by Civeo US in treasury, was effectively transferred to Civeo Canada and converted into one common share, no par value, of Civeo Canada. An aggregate of approximately 107.5 million Civeo Canada common shares were issued at the effective time as merger consideration. The Civeo Canada common shares are listed on the NYSE under the symbol “CVEO”, the same symbol under which the Civeo US common stock traded prior to the effective time.

The Redomicile Transaction qualified as

a “self-directed redomiciling” of the Company as permitted under the U.S. Internal Revenue Code. U.S. federal income tax laws permit a company to change its domicile to a foreign jurisdiction without corporate-level U.S. federal income taxes provided that such company has “substantial business activity” in the relevant jurisdiction. “Substantial business activity” is defined as foreign operations consisting of over 25% of the company’s total (i) revenues, (ii) assets, (iii) employees and (iv) employee compensation. With approximately 50% or more of our operations in Canada based on these metrics, we qualified for a self-directed redomiciling.

In connection with the Spin-Off, on May 28, 2014, we entered into a $650.0 million, 5-year revolving credit facility and a 5-year U.S. term loan facility totaling $775.0 million (collectively, the Credit Facility) for an aggregate borrowing capacity of $1.4 billion.

On July 17, 2015, the First Amendment to the Credit Facility became effective. On February 18, 2016, the Second Amendment to the Credit Facility (together with all amendments, the Amended Credit Facility) became effective. The Amended Credit Facility, among other things, (i) allows us to borrow under new Canadian tranches of the Credit Facility, (ii) substantially reduced both the existing U.S. term loan and the U.S. revolver and (iii) increased the maximum leverage ratio allowed under the Credit Facility. For further information, please see Note 9 – Debt for further discussion.

We incurred costs related to the Redomicile Transaction totaling $7.0 million and $2.6 million for the years ended December 31, 2015 and 2014, respectively. In addition, we incurred costs related to the Amended Credit Facility totaling $5.5 million. $4.8 million has been capitalized as debt issuance costs and the remaining $0.7 million is included in interest expense. As a result of the amendment, we also recognized a loss during the third quarter 2015 of approximately $1.5 million related to unamortized debt issuance costs, which is included in Loss on extinguishment of debt on the accompanying consolidated statements of operations.

As a result of the Spin-Off, we incurred certain costs d

uring the year ended December 31, 2014. We recognized a loss on the termination of debt of approximately $3.5 million in the second quarter 2014, related to unamortized debt issuance costs, which is included in Loss on extinguishment of debt on the accompanying consolidated statements of operations. We recorded transition and formation costs associated with the Spin-Off of approximately $4.3 million for the year ended December 31, 2014, which are included in Spin-off and formation costs on the accompanying consolidated statements of operations. In the second quarter 2014, we recognized a $9.0 million impairment of an intangible asset in Australia, which is included in Impairment expense on the accompanying consolidated statements of operations. Due to the Spin-Off, and the resulting rebranding of our Australian operations from The MAC to Civeo, it was determined that the fair value of an intangible asset associated with The MAC brand had been reduced to nil.

Basis of Presentation

Unless otherwise stated or the context otherwise indicates, all references in these consolidated financial statements to “Civeo,” “the Company,” “us,” “our” or “we” for the time period prior to the Spin-Off mean the Accommodations business of Oil States. For time periods after the Spin-Off, but prior to July 17, 2015, these terms refer to Civeo US and its consolidated subsidiaries. For time periods after July 17, 2015, these terms refer to Civeo Canada and its consolidated subsidiaries.

Prior to the Spin-Off, our financial position, results of operations and cash flows consisted of the Oil States’ Accommodations business and an allocable portion of its corporate costs, which represented a combined reporting entity. The combined financial statements for periods prior to the Spin-Off have been prepared on a stand-alone basis and are derived from the consolidated financial statements and accounting records of Oil States. The combined financial statements reflect our historical financial position, results of operations and cash flows as we were historically managed, in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP). The combined financial statements include certain assets and liabilities that have historically been held at the Oil States corporate level, but are specifically identifiable or otherwise attributable to us.

All financial information presented after the Spin-Off represents the consolidated results of operations, financial position and cash flows of Civeo. Accordingly:

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Our consolidated statements of operations

, comprehensive income (loss), cash flows and changes in shareholders’ equity / net investment for the year ended December 31, 2015 consist entirely of the consolidated results of Civeo.

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Our consolidated statements of operations,

comprehensive income (loss), cash flows and changes in shareholders’ equity / net investment for the year ended December 31, 2014 consist of (i) the combined results of the Oil States’ Accommodations business for the five months ended May 30, 2014 and (ii) the consolidated results of Civeo for the seven months ended December 31, 2014.

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Our consolidated statements of operations

, comprehensive income (loss), cash flows and changes in shareholders’ equity / net investment for the year ended December 31, 2013 consist entirely of the combined results of the Oil States’ Accommodations business.

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Our consolidated balance sheets at December 31, 2015 and December 31, 2014 consist entirely of the consolidated balances of Civeo.

The assets and liabilities in our consolidated financial statements have been reflected on a historical basis, as immediately prior to the Spin-Off all of the assets and liabilities presented were wholly owned by Oil States and were transferred within the Oil States consolidated group. All intercompany transactions and accounts have been eliminated. All affiliate transactions between Civeo and Oil States have been included in these consolidated financial statements.

The consolidated financial statements for periods prior to the Spin-Off included expense allocations for: (1) certain corporate functions historically provided by Oil States, including, but not limited to finance, legal, risk management, tax, treasury, information technology, human resources, and certain other shared services; (2) certain employee benefits and incentives; and (3) equity-based compensation. These expenses were allocated to us on the basis of direct usage when identifiable, with the remainder allocated based on estimated time spent by Oil States personnel, a pro-rata basis of headcount or other relevant measures of Oil States and its subsidiaries. We consider the basis on which the expenses were allocated to be a reasonable reflection of the utilization of services provided to or the benefit received by us during the periods presented. The allocations may not, however, reflect the expense we would have incurred as an independent, publicly traded company for the periods presented. Actual costs that may have been incurred if we had been a stand-alone company would depend on a number of factors, including the chosen organizational structure, which functions were outsourced or performed by employees and strategic decisions made in areas such as information technology and infrastructure. Following the Spin-Off, we perform these functions using our own resources or purchase services. Until February 28, 2015, however, some of these functions were provided by Oil States under a transition services agreement. See Note 17 – Related Party Transactions.

Oil States used a centralized approach to the cash management and financing of its U.S. operations. Prior to February 2014, cash from our U.S. operations was transferred to Oil States daily and Oil States funded our U.S. operating and investing activities as needed. Accordingly, the cash and cash equivalents held by Oil States at the corporate level were not allocated to us for any of the periods presented prior to February 2014. We reflected the transfer of cash to and from Oil States as a component of “Net Investment of Oil States International, Inc.” on our consolidated balance sheet. We have not included interest expense for intercompany cash advances from Oil States, since historically Oil States has not allocated interest expense related to intercompany advances to any of its businesses. Beginning in February 2014, we established Civeo cash accounts and funded a portion of our U.S. operating and investing activities.

Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2015

Significant Accounting Policies [Text Block]

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Cash

We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.

Allowances for Doubtful Accounts

We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. If a trade receivable is deemed to be uncollectible, such receivable is charged-off against the allowance for doubtful accounts. We consider the following factors when determining if collection of revenue is reasonably assured: customer credit-worthiness, past transaction history with the customer, current economic industry trends, customer solvency and changes in customer payment terms. If we have no previous experience with the customer, we typically obtain reports from various credit organizations to ensure that the customer has a history of paying its creditors. We may also request financial information, including combined financial statements or other documents, to ensure that the customer has the means of making payment. If these factors do not indicate collection is reasonably assured, we would require a prepayment or other arrangement to support revenue recognition and recording of a trade receivable. If the financial condition of our customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required.

Inventories

Inventories consist of work in process, raw materials and supplies and materials for the construction and operation of remote accommodation facilities. Inventories also include food, raw materials, labor, subcontractor charges, manufacturing overhead and catering and other supplies needed for operation of our facilities. Inventories are carried at the lower of cost or market. The cost of inventories is determined on an average cost or specific-identification method.

Property, Plant, and Equipment

Property, plant, and equipment are stated at cost or at estimated fair market value at acquisition date if acquired in a business combination, and depreciation is computed, for assets owned or recorded under capital lease, using the straight-line method, after allowing for salvage value where applicable, over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset.

Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing equipment, are capitalized and depreciated. Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the consolidated statements of operations.

Interest Capitalization

Interest costs for the construction of certain long-term assets are capitalized and amortized over the related assets’ estimated useful lives. For the years ended December 31, 2015, 2014, and 2013, $1.6 million, $2.3 million and $0.8 million were capitalized, respectively.

Impairment of Long-Lived Assets

The recoverability of the carrying values of long-lived assets, including amortizable intangible assets, is assessed whenever, in management’s judgment, events or changes in circumstances indicate that the carrying value of such asset groups may not be recoverable based on estimated future cash flows. If this assessment indicates that the carrying values will not be recoverable, as determined based on undiscounted cash flows over the remaining useful lives, an impairment loss is recognized. The impairment loss equals the excess of the carrying value over the fair value of the asset group. The fair value of the asset group is based on prices of similar assets, if available, or discounted cash flows.

In performing this analysis, the first step is to review asset groups at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For each asset group, we compare its carrying value to estimates of undiscounted future cash flows. We use a variety of underlying assumptions to estimate these future cash flows, including assumptions relating to future economic market conditions, rates, occupancy levels, costs and expenses and capital expenditures. The estimates are consistent with those used for purposes of our goodwill impairment test, as further discussed in Goodwill and Other Intangible Assets, below. Based on the assessment, if the carrying values of certain of our asset groups are determined to not be recoverable, we proceed to the second step. In this step, we compare the fair value of the respective asset group to its carrying value. The fair value of the asset groups are based on prices of similar assets, as applicable, or discounted cash flows. Our estimate of the fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the asset groups’ operations in the future, and are therefore uncertain.

Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our long-lived assets.

Goodwill and Other Intangible Assets

Goodwill.

Goodwill represents the excess of the purchase price paid for acquired businesses over the allocated fair value of the related net assets after impairments, if applicable.

We do not amortize goodwill. We evaluate goodwill for impairment, at the reporting unit level, annually and when an event occurs or circumstances change to suggest that the carrying amount may not be recoverable. We conduct our annual impairment test as of November 30 of each year. Our goodwill balance was fully impaired at September 30, 2015.

A reporting unit is the operating segment, or a business one level below that operating segment (the “component” level) if discrete financial information is prepared and regularly reviewed by management at the component level. Each segment of our business represents a separate reporting unit, and all three of our reporting units previously had goodwill. We recognize an impairment loss for any amount by which the carrying amount of a reporting unit’s goodwill exceeds the reporting unit’s implied fair value (IFV) of goodwill.

Our assessment consists of a two-step impairment test. In the first step, we compare each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. If the carrying amount of the reporting unit exceeds its fair value, goodwill is potentially impaired, and a second step is performed to determine the amount of impairment, if any.

We are given the option to test for impairment of our goodwill by first performing a qualitative assessment to determine whether it is more likely than not (that is, likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is determined that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing the currently prescribed two-step impairment test is unnecessary. In developing a qualitative assessment to meet the “more-likely-than-not” threshold, each reporting unit with goodwill is assessed separately and different relevant events and circumstances are evaluated for each unit. We have the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the first step of the two-step goodwill impairment test.

In performing the two-step impairment test, we compare each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. Because none of our reporting units has a publically quoted market price, we must determine the value that willing buyers and sellers would place on the reporting unit through a routine sale process (a Level 3 fair value measurement). In our analysis, we target an IFV that represents the value that would be placed on the reporting unit by market participants, and value the reporting unit based on historical and projected results throughout a cycle, not the value of the reporting unit based on trough or peak earnings. The IFV of the reporting unit is estimated using a combination of (i) an analysis of trading multiples of comparable companies (Market Approach) and (ii) discounted projected cash flows (Income Approach). We also use acquisition multiples analyses in certain circumstances. The relative weighting of each approach varies by reporting unit, based on management’s judgment.

Market Approach

- This valuation approach utilizes publicly traded comparable companies’ enterprise values, as compared to their recent and forecasted earnings before interest, taxes and depreciation (EBITDA) information. We have historically used an average EBITDA multiple ranging from approximately 6.5x to approximately 9.5x depending on the reporting unit. We use EBITDA because it is a widely used key indicator of the cash generating capacity of companies in our industry.

Income Approach

- This valuation approach derives a present value of the reporting unit’s projected future annual cash flows over the next five years. We use a variety of underlying assumptions to estimate these future cash flows, including assumptions relating to future economic market conditions, rates, occupancy levels, costs and expenses and capital expenditures. These assumptions vary by each reporting unit depending on market conditions. In addition, a terminal value is estimated, using a Gordon Growth methodology with a long-term growth rate of 3%. We discount our projected cash flows using a long-term weighted average cost of capital based on our estimate of investment returns that would be required by a market participant.

The IFV of our reporting units is affected by future oil, coal and natural gas prices, anticipated spending by our customers, and the cost of capital. Our estimate of IFV requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the reporting units’ operations in the future, and are therefore uncertain. We selected these valuation approaches because we believe the combination of these approaches and our best judgment regarding underlying assumptions and estimates provides us with the best estimate of fair value for each of our reporting units. We believe these valuation approaches are proven valuation techniques and methodologies for our industry and widely accepted by investors. The IFV of each reporting unit would change if our assumptions under these valuation approaches, or relative weighting of the valuation approaches, were materially modified.

Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our goodwill. Our goodwill balance was fully impaired at September 30, 2015.

Other Intangible Assets.

We amortize the cost of other intangible assets over their estimated useful lives unless such lives are deemed indefinite. For intangible assets that we amortize, we review the useful life of the intangible asset and evaluate each reporting period whether events and circumstances warrant a revision to the remaining useful life. We evaluate the remaining useful life of an intangible asset that is not being amortized each reporting period to determine whether events and circumstances continue to support an indefinite useful life.

We are required to evaluate our indefinite-lived intangible assets for impairment annually and when an event occurs or circumstances change to suggest the carrying amount may not be recoverable. In performing the impairment test, we compare the fair value of the indefinite-lived intangible asset with its carrying amount. The measurement of the impairment is calculated based on the excess of the carrying value over its fair value.

Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our intangible assets.

Foreign Currency and Other Comprehensive Income

Gains and losses resulting from consolidated balance sheet translation of foreign operations where a foreign currency is the functional currency are included as a separate component of accumulated other comprehensive income within shareholders’ equity representing substantially all of the balances within accumulated other comprehensive income. Remeasurements of intercompany loans denominated in a different currency than the functional currency of the entity that are of a long-term investment nature are recognized as other comprehensive income within shareholders’ equity. Gains and losses resulting from consolidated balance sheet remeasurements of assets and liabilities denominated in a different currency than the functional currency, other than intercompany loans that are of a long-term investment nature, are included in the consolidated statements of operations

as incurred. For the years ended December 31, 2015, 2014, and 2013, we recognized approximately $9.0 million, $0.2 million and $(1.3) million in foreign currency gains (losses), respectively.

For

eign Exchange Risk

A significant portion of revenues, earnings and net investments in foreign affiliates are exposed to changes in foreign currency exchange rates. We seek to manage our foreign exchange risk in part through operational means, including managing expected local currency revenues in relation to local currency costs and local currency assets in relation to local currency liabilities. We have not entered into any foreign currency forward contracts.

Revenue and Cost Recognition

We derive the majority of our revenue from lodging and related ancillary services. In each of our operating segments, revenue is recognized in the period in which services are provided pursuant to the terms of contractual relationships with our customers. In some contracts, rates may vary over the contract term. In these cases, revenue may be deferred and recognized on a straight-line basis over the contract term. Revenue from the sale of products, not accounted for utilizing the percentage-of-completion method, is recognized when delivery to and acceptance by the customer has occurred, when title and all significant risks of ownership have passed to the customer, collectability is reasonably assured and pricing is fixed and determinable. Our product sales terms do not include significant post-delivery obligations.

For significant projects, revenues are recognized under the percentage-of-completion method, measured by the percentage of costs incurred to date compared to estimated total costs for each contract (cost-to-cost method). Billings on such contracts in excess of costs incurred and estimated profits are classified as deferred revenue. Costs incurred and estimated profits in excess of billings on percentage-of-completion contracts are recognized as unbilled receivables. Management believes this method is the most appropriate measure of progress on large contracts. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, estimated profitability, and final contract

settlements may result in revisions to projected costs and revenue and are recognized in the period in which the revisions are determined. Factors that may affect future project costs and margins include weather, production efficiencies, availability and costs of labor, materials and subcomponents. These factors can significantly impact the accuracy of our estimates and materially impact our future reported earnings.

Revenues exclude taxes assessed based on revenues such as sales or value added taxes.

Cost of services includes labor, food, utility costs, cleaning supplies, and other costs of operating our accommodations facilities. Cost of goods sold includes all direct material and labor costs and those costs related to contract performance, such as indirect labor, supplies, tools and repairs. Selling, general, and administrative costs are charged to expense as incurred.

Income Taxes

Our operations are subject to Canadian federal and provincial income taxes, as well as foreign income taxes. We determine the provision for income taxes using the asset and liability approach. Under this approach, deferred income taxes represent the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities.

Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. In assessing the need for a valuation allowance, we look to the future reversal of existing taxable temporary differences, taxable income in carryback years, the feasibility of tax planning strategies and estimated future taxable income. The valuation allowance can be affected by changes to tax laws, changes to statutory tax rates and changes to future taxable income estimates.

We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.

In the U.S., prior to the Spin-Off, our operations were included in Oil States’ income tax returns. In preparing our consolidated financial statements, we determined our tax provision on a separate return, stand-alone basis. Pursuant to the Tax Sharing Agreement with Oil States, with respect to any periods (or portions thereof) ending prior to the Spin-Off, we are obligated to reimburse Oil States an amount equal to the amount of U.S. federal, state or local income tax we would have paid had we had filed a separate consolidated U.S. federal, state or local income tax return, subject to certain adjustments. We do not consider these amounts to be material.

Prior to the Spin-Off, because portions of our operations were included in Oil States’ tax returns, payments to certain tax authorities were historically made by Oil States, and not by us. With the exception of certain dedicated foreign entities, we did not maintain taxes payable to/from Oil States and we were deemed to settle the annual current tax balances immediately with the legal tax-paying entities in the respective jurisdictions. These settlements are reflected as changes in the Oil States International, Inc. net investment account.

Receivables and Concentration of Credit Risk

Based on the nature of our customer base, we do not believe that we have any significant concentrations of credit risk other than our concentration in the Canadian oil sands and Australian mining industries. We evaluate the credit-worthiness of our significant, new and existing customers’ financial condition and, generally, we do not require collateral from our customers. For the year ended December 31, 2015, each of Imperial Oil, Fort Hills Energy LP and BM Alliance Coal Operations Pty Ltd accounted for more than 10% of our revenues. For the year ended December 31, 2014, Imperial Oil accounted for more than 10% of our revenues. For the year ended December 31, 2013, each of Imperial Oil and BHP Billiton Mitsubishi Alliance accounted for more than 10% of our revenues.

Asset Retirement Obligations

We record the fair value of a liability, which reflects the estimated present value of the amount of asset removal and site reclamation costs related to the retirement of our assets, for an ARO when it is incurred (typically when the asset is installed). When the liability is initially recorded, we capitalize the associated asset retirement cost by increasing the carrying amount of the related property, plant and equipment. Over time, the liability increases for the change in its present value, while the capitalized cost depreciates over the useful life of the related asset. Accretion expense is recognized over the estimated productive life of the related assets. If the fair value of the estimated ARO changes, an adjustment is recorded to both the ARO and the capitalized asset retirement cost. Revisions in estimated liabilities can result from changes in estimated inflation rates, changes in service and equipment costs and changes in the estimated timing of settling the ARO. We utilize current retirement costs to estimate the expected cash outflows for retirement obligations. We estimate the ultimate productive life of the properties and a risk-adjusted discount rate in order to determine the current present value of the obligation.

We relieve ARO liabilities when the related obligations are settled. We have AROs that we are required to perform under law or contract once an asset is permanently taken out of service. Most of these obligations are not expected to be paid until several years in the future and will be funded from general company resources at the time of removal. Please see Note 11 – Asset Retirement Obligations for further discussion.

Share-Based Compensation

We, and, prior to the Spin-Off, Oil States, sponsor an equity participation plan in which certain of our employees participate. We measure the cost of employee services received in exchange for an award of equity instruments (typically option awards) based on the grant-date fair value of the award. The fair value is estimated using option-pricing models. The resulting cost is recognized over the period during which an employee is required to provide service in exchange for the awards, usually the vesting period.

We, and, prior to the Spin-Off, Oil States, also grant phantom shares under the Canadian Long-Term Incentive Plan, which provides for the granting of units of phantom shares to key Canadian employees. We also grant phantom shares under the 2014 Equity Participation Plan, which provides for the granting of units of phantom shares to key U.S. employees. All of the awards vest in equal annual installments and are accounted for as a liability based on the fair value of our share price. Participants granted units of phantom shares are entitled to a lump sum cash payment equal to the fair market value of a common share on the vesting date.

Guarantees

Substantially all of our Canadian and U.S. subsidiaries are guarantors under our Credit Facility. See Note 9 - Debt.

Some of our products are sold with a warranty, generally 12 months. Parts and labor are covered under the terms of the warranty agreement. Warranty provisions are estimated based upon historical experience by product, configuration and geographic region. Our total liability related to warranties was $0.1 million and $0.1 million at December 31, 2015 and 2014, respectively.

During the ordinary course of business, we also provide standby letters of credit or other guarantee instruments to certain parties as required for certain transactions initiated by us or our subsidiaries. As of December 31, 2015, the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately $6.0 million. We have not recorded any liability in connection with these guarantee arrangements. We do not believe, based on historical experience and information currently available, that it is likely that any amounts will be required to be paid under these guarantee arrangements.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Examples of a few such estimates include potential future adjustments as a result of contingent consideration arrangements pursuant to business combinations and other contractual agreements, revenue and income recognized on the percentage-of-completion method, estimates of the amount and timing of costs to be incurred for asset retirement obligations, any valuation allowance recorded on net deferred tax assets, warranty and allowance for doubtful accounts. Actual results could materially differ from those estimates.

Accounting for Contingencies

We have contingent liabilities and future claims for which we have made estimates of the amount of the eventual cost to liquidate these liabilities or claims. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified and we have made an assessment of our exposure and recorded a provision in our accounts to cover an expected loss. Other claims or liabilities have been estimated based on their fair value or our experience in these matters and, when appropriate, the advice of outside counsel or other outside experts. Upon the ultimate resolution of these uncertainties, our future reported financial results will be impacted by the difference between our estimates and the actual amounts paid to settle a liability. Examples of areas where we have made important estimates of future liabilities include future consideration due sellers as a result of the terms of a business combination, litigation, taxes, interest, insurance claims, warranty claims and contract claims and obligations.

Recent Accounting Pronouncements

From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption.

In November 2015, the FASB issued Accounting Standards Update (ASU) 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (ASU 2015-17). This new standard requires companies to classify all deferred tax assets and liabilities as noncurrent on the balance sheet instead of separating deferred taxes into current and noncurrent amounts. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by this guidance. Effective with our annual report for the period ending December 31, 2015, we have adopted the provisions of ASU 2015-17 prospectively to classify all deferred tax assets and liabilities as noncurrent. For further discussion, please see Note 12 – Income Taxes.

In April 2015, the FASB issued ASU 2015-03 "Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs" (ASU 2015-03). ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that such costs be presented as a deduction from the corresponding debt liability. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2015 and interim periods within the reporting periods and requires retrospective presentation. Early adoption is permitted. We plan to adopt the standard in the first quarter of 2016. As of December 31, 2015, we had debt issuance costs totaling $9.4 million, which are included in Prepaid expenses and other current assets ($2.6 million) and Other non-current assets ($6.8 million) on the accompanying consolidated balance sheets. A portion of these costs relate to revolving lines of credit, and will accordingly continue to be included in Prepaid expenses and other current assets or Other non-current assets.

In May 2014, the FASB issued ASU 2014-09 establishing Accounting Standards Codification (ASC) Topic 606, "Revenue from Contracts with Customers" (ASC 606). ASC 606 establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for those goods or services and requires significantly enhanced revenue disclosures. The standard is effective for annual reporting periods beginning after December 15, 2017. Accordingly, we plan to adopt this standard in the first quarter of 2018. ASC 606 allows either full retrospective or modified retrospective transition, and early adoption is not permitted. We continue to evaluate both the impact of this new standard on our financial statements and the transition method we will utilize for adoption.

Note 3 - Impairment Charges

12 Months Ended

Dec. 31, 2015

Asset Impairment Charges [Text Block]

3.	IMPAIRMENT CHARGES

2015 Impairment Charges

The following summarizes pre-tax impairment charges recorded during 2015 which are included in Impairment expense in our consolidated statements of operations (in thousands):

	Canada		Australia		U.S. and Other		Total
Quarter ended March 31, 2015
Long-lived assets	$	--	$	--	$	2,738	$	2,738
Quarter ended June 30, 2015
Long-lived assets		--		9,473		--		9,473
Quarter ended September 30, 2015
Goodwill		43,194		--		--		43,194
Long-lived assets		23,041		23,980		18,040		65,061
Intangible assets		--		--		2,460		2,460
Total	$	66,235	$	33,453	$	23,238	$	122,926

Quarter ended March 31, 2015.

During the first quarter of 2015, we made the decision to dispose of our manufacturing facility in Johnstown, Colorado. Accordingly, the facility met the criteria of held for sale, and its carrying value was adjusted downward to $8.7 million, which represents its estimated fair value less the cost to sell. We recorded a pre-tax impairment expense of $2.7 million and an additional $1.1 million to write-down our inventory as a result. During the fourth quarter of 2015, we completed the sale of the facility, and received proceeds of $8.9 million.

Quarter ended June 30, 2015.

During the second quarter of 2015, we recorded an impairment expense of $9.5 million, resulting from the impairment of fixed assets in a village located in Western Australia, due to the continued downturn in gold mining activity and lack of contract renewals. We assessed the carrying value of the asset group to determine if it continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying value was determined to not be recoverable.

Quarter ended September 30, 2015

During the third quarter of 2015, we recorded impairment expense related to goodwill, long-lived assets and intangible assets.

Due to the sustained reduction of our share price throughout 2015, our market capitalization implied an enterprise value which is significantly less than the sum of the estimated fair values of our reporting units. As a result of our market capitalization at September 30, 2015, coupled with (1) the continued depression of worldwide oil prices, including the substantial declines experienced in the third quarter of 2015, and (2) continued weakness in the Canadian dollar in the third quarter 2015, we determined that an indicator of a goodwill impairment was present as of September 30, 2015. Accordingly, as a result of current macroeconomic conditions, we performed an interim goodwill impairment test as of September 30, 2015, and we reduced the value of our goodwill in our Canadian reporting unit to zero. This resulted in an impairment charge in the third quarter 2015 which totaled $43.2 million.

Furthermore, as a result of the goodwill impairment in our Canadian segment, we determined all asset groups within this segment had experienced a trigger that indicated that the carrying values might not be recoverable. Accordingly, we compared the carrying value of each asset group to estimates of undiscounted cash flows. Based on the assessment, carrying values of certain assets groups were determined to be unrecoverable, and we proceeded to compare the fair value of those assets groups to their respective carrying values. As a result, we recorded an impairment loss of $11.1 million related to long-lived assets in our Canadian segment.

Additionally, also as a result of the sustained reduction of our share price throughout 2015, we reviewed the long-lived assets in our U.S. and Australia reportable segments to determine if an indicator of impairment had occurred that would indicate that the carrying values of the asset groups in these segments might not be recoverable. We determined that certain asset groups within the segments had experienced an indicator of impairment, and thus compared the carrying value of the respective asset group to estimates of undiscounted future cash flows. Based on the assessment, the carrying values of three of our assets groups were determined to not be recoverable, and we proceeded to compare the fair value of the asset groups to their carrying value. As a result, we recorded an impairment loss of $20.5 million related to our U.S. segment. Of the $20.5 million impairment, $18.0 million reduced the value of our fixed assets and $2.5 million reduced the value of our amortizable intangible assets. In addition, we recorded an impairment loss of $24.0 million related to our Australian segment that reduced the value of our fixed assets.

Finally, during the third quarter of 2015, we identified assets in our Canadian segment that should have been impaired in the fourth quarter of 2014. We determined that the error was not material to our financial statements for the year ended December 31, 2014 and therefore corrected the error in the third quarter of 2015. This resulted in an additional impairment expense of $11.9 million.

2014 Impairment Charges

The following summarizes pre-tax impairment charges recorded during 2014 which are included in Impairment expense in our consolidated statements of operations (in thousands):

	Canada		Australia		U.S. and Other		Total
Quarter ended June 30, 2014
Long-lived assets	$	--	$	--	$	2,621	$	2,621
Intangible assets		--		8,989		--		8,989
Quarter ended December 31, 2014
Goodwill		--		186,097		16,632		202,729
Long-lived assets		17,197		--		55,776		72,973
Intangible assets		--		--		3,196		3,196
Total	$	17,197	$	195,086	$	78,225	$	290,508

Quarter ended June 30, 2014.

We recognized a $9.0 million impairment of an indefinite-lived intangible asset in Australia. Due to the Spin-Off, and the resulting rebranding of our Australian operations from The MAC to Civeo, it was determined that the fair value of an intangible asset associated with The MAC brand had been reduced to zero.

Additionally, in the second quarter 2014, we recognized an impairment totaling $2.6 million on assets in the custody of a non-paying client in Mexico and for which the return or reimbursement is uncertain.

Quarter ended December 31, 2014.

During the fourth quarter of 2014, we recorded impairment expense related to goodwill, long-lived assets and intangible assets.

In performing step one of our annual goodwill impairment test as of November 30, 2014, the carrying amounts of our U.S. and Australia reporting units exceeded the respective reporting unit’s IFV. Accordingly, we proceeded to the second step for those reporting units. This second step compared the IFV of each reporting unit’s goodwill with the carrying amount of such goodwill. We performed a hypothetical allocation of the fair value of the reporting units determined in step one to all of the assets and liabilities of the unit, including any unrecognized intangible assets. After making these hypothetical allocations, we determined zero residual value remained that could be allocated to goodwill within our U.S. and Australian reporting units, respectively. As a result, we recorded impairment charges totaling $16.6 million and $186.1 million to goodwill for our U.S. and Australian reporting units, respectively.

Also during the fourth quarter 2014, as a result of the decline in global crude oil prices and forecasts for a potentially protracted period of lower prices, management assessed the carrying value of all of our long-lived asset groups to determine if they continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying values of certain of our asset groups were determined to not be recoverable. We recorded impairment losses of $76.2 million during 2014 as a result, of which $59.0 million related to our U.S. segment and $17.2 million related to our Canadian segment. Of the $59.0 million impairment related to our U.S. segment, $55.8 million reduced the value of our fixed assets and $3.2 million was recorded on our amortizable intangible assets.

Note 4 - Fair Value Measurements

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Text Block]

4.	FAIR VALUE MEASUREMENTS

Our financial instruments consist of cash and cash equivalents, receivables, payables and debt instruments. We believe that the carrying values of these instruments on the accompanying consolidated balance sheets approximate their fair values.

As of December 31, 2015 and 2014, we believe the carrying value of our floating-rate debt outstanding under our term loans approximates its fair value because the term includes short-term interest rates and excludes penalties for prepayment. We estimated the fair value of our floating-rate term loan using significant other observable inputs, representative of a Level 2 fair value measurement, including terms and credit spreads for this loan.

During 2015 and 2014, we wrote down our goodwill to its IFV. We also wrote down certain long-lived assets and indefinite lived intangible assets to their fair value. Our estimate of IFV required us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the reporting units’ operations in the future, and are therefore uncertain. Our estimate of fair value required us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as future oil, coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions that might directly impact each of the asset groups’ operations in the future, and are therefore uncertain. Please see Note 2 – Summary of Significant Accounting Policies – Impairment of Long-Lived Assets and Note 2 – Summary of Significant Accounting Policies – Goodwill and Other Intangible Assets for further discussion of the significant judgments and assumptions used in calculating their fair value.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Note 5 - Details of Selected Balance Sheet Accounts

12 Months Ended

Dec. 31, 2015

Supplemental Balance Sheet Disclosures [Text Block]

5.	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

Additional information regarding selected balance sheet accounts at December 31, 2015 and 2014 is presented below (in thousands):

	2015			2014
Accounts receivable, net:
Trade	$	44,650		$	124,198
Unbilled revenue		16,649			38,487
Other		1,289			1,611
Total accounts receivable		62,588			164,296
Allowance for doubtful accounts		(1,121	)		(4,043	)
Total accounts receivable, net	$	61,467		$	160,253

	2015		2014
Inventories:
Finished goods and purchased products	$	1,854	$	2,814
Work in process		1,260		4,790
Raw materials		2,517		5,624
Total inventories	$	5,631	$	13,228

	Estimated Useful Life (in years)		2015			2014
Property, plant and equipment, net:
Land			$	47,825		$	55,365
Accommodations assets		3-15		1,482,842			1,687,033
Buildings and leasehold improvements		3-20		29,099			40,256
Machinery and equipment		4-15		9,183			12,117
Office furniture and equipment		3-7		29,172			32,181
Vehicles		3-5		15,412			19,128
Construction in progress				52,558			70,603
Total property, plant and equipment				1,666,091			1,916,683
Accumulated depreciation				(734,177	)		(668,253	)
Total property, plant and equipment, net			$	931,914		$	1,248,430

	2015		2014
Accrued liabilities:
Accrued compensation	$	11,726	$	15,273
Accrued taxes, other than income taxes		963		1,567
Accrued interest		12		60
Other		2,133		5,612
Total accrued liabilities	$	14,834	$	22,512

Note 6 - Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Text Block]

6.	EARNINGS PER SHARE

On May 30, 2014, 106,538,044 of our common shares were distributed to Oil States stockholders in connection with the Spin-Off. For comparative purposes, and to provide a more meaningful calculation of weighted-average shares outstanding, we have assumed these shares to be outstanding as of the beginning of each period prior to the separation presented in the calculation of weighted-average shares. In addition, we have assumed the dilutive securities outstanding at May 30, 2014 were also outstanding for each of the periods prior to the Spin-Off presented.

The calculation of earnings per share attributable to the Company is presented below for the periods indicated (in thousands, except per share amounts):

	2015			2014			2013
Basic Earnings per Share
Net income (loss) attributable to Civeo	$	(131,759	)	$	(189,043	)	$	181,876
Less: undistributed net income (loss) to participating securities		--			921			(743	)
Net income (loss) attributable to Civeo’s common shareholders - basic	$	(131,759	)	$	(188,122	)	$	181,133

Weighted average common shares outstanding - basic		106,604			106,306			106,293

Basic earnings (loss) per share	$	(1.24	)	$	(1.77	)	$	1.70

Diluted Earnings per Share
Net income (loss) attributable to Civeo’s common shareholders – basic	$	(131,759	)	$	(188,122	)	$	181,133
Less: undistributed net income (loss) to participating securities		--			--			1
Net income (loss) attributable to Civeo’s common shareholders - diluted	$	(131,759	)	$	(188,122	)	$	181,134


Weighted average common shares outstanding - basic		106,604			106,306			106,293
Effect of dilutive securities (1 )		--			--			167
Weighted average common shares outstanding - diluted		106,604			106,306			106,460

Diluted earnings (loss) per share	$	(1.24	)	$	(1.77	)	$	1.70

(1)

When an entity has a net loss from continuing operations, it is prohibited from including potential common shares in the computation of diluted per share amounts. Accordingly, we have utilized the basic shares outstanding amount to calculate both basic and diluted loss per share for the years ended December 31, 2015 and 2014.

Note 7 - Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2015

Cash Flow, Supplemental Disclosures [Text Block]

7.	SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid during the years ended December 31, 2015, 2014 and 2013 for interest and income taxes was as follows (in thousands):

	2015			2014		2013

Interest (net of amounts capitalized)	$	21,385		$	14,444	$	43,610
Income taxes paid, net of refunds		(5,169	)		43,237		65,875

In accordance with the Separation and Distribution Agreement, our affiliate debt with Oil States, which totaled approximately $336.8 million as of May 30, 2014, including accrued interest, was settled through a non-cash capital contribution. For further discussion, please see Note 17 – Related Party Transactions.

Note 8 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Text Block]

8.	GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the years ended December 31, 2015 and 2014 are as follows (in thousands):

	Canadian			Australian			U.S.			Total
Balance as of December 31, 2013	$	49,485		$	194,939		$	16,632		$	261,056
Foreign currency translation		(4,225	)		(8,842	)		--			(13,067	)
Goodwill impairment		--			(186,097	)		(16,632	)		(202,729	)
Balance as of December 31, 2014	$	45,260		$	--		$	--		$	45,260
Foreign currency translation		(2,066	)		--			--			(2,066	)
Goodwill impairment		(43,194	)		--			--			(43,194	)
Balance as of December 31, 2015	$	--		$	--		$	--		$	--

Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our goodwill.

The following table presents the total amount of other intangible assets and the related accumulated amortization for major intangible asset classes as of December 31, 2015 and 2014 (in thousands):

	AS OF DECEMBER 31,
	2015					2014
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets
Customer relationships	$	43,668	$	(26,278	)	$	47,611	$	(21,740	)
Contracts / agreements		35,769		(17,885	)		40,120		(16,048	)
Noncompete agreements		795		(790	)		809		(680	)
Total amortizable intangible assets	$	80,232	$	(44,953	)	$	88,540	$	(38,468	)

Indefinite-Lived Intangible Assets Not Subject to Amortization
Water rights	$	--	$	--		$	777	$	--
Licenses		30		--			33		--
Total indefinite-lived intangible assets		30		--			810		--
Total intangible assets	$	80,262	$	(44,953	)	$	89,350	$	(38,468	)

Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our intangible assets.

The weighted average remaining amortization period for all intangible assets, other than indefinite-lived intangibles, was 5.1 years as of December 31, 2015 and 6.1 years as of December 31, 2014. Total amortization expense is expected to be $7.1 million in 2016, $7.0 million in each of 2017, 2018, 2019 and 2020. Amortization expense was $7.6 million, $9.6 million and $10.2 million in the years ended December 31, 2015, 2014 and 2013, respectively.

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

Note 9 - Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Text Block]

DEBT

As of December 31, 2015 and 2014, long-term debt consisted of the following (in thousands):

	2015		2014
U.S. term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter beginning December 31, 2015; weighted average interest rate of 2.7% for the twelve month period ended December 31, 2015	$	49,375	$	775,000
Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter beginning December 31, 2015; weighted average interest rate of 3.5% for the twelve month period ended December 31, 2015		300,165		--
U.S. revolving credit facility, which matures on May 28, 2019, with available commitments up to $50.0 million; no borrowings outstanding as of December 31, 2015		--		--
Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $125.0 million; weighted average interest rate of 3.7% for the twelve month period ended December 31, 2015		52,020		--
Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding as of December 31, 2015		--		--
Australian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding as of December 31, 2015		--		--
Total debt		401,560		775,000
Less: Current portion of long-term debt		17,698		19,375
Long-term debt, less current maturities	$	383,862	$	755,625

Scheduled maturities of long-term debt as of December 31, 2015 are as follows (in thousands):

2016	$	17,698
2017		17,698
2018		17,698
2019		348,466
	$	401,560

Credit Facility

Civeo was a party to an Oil States credit facility agreement together with Oil States that had separate Canadian borrowing limits that served as debt financing for the Canadian operations of Civeo (Oil States Credit Facility). Additionally, Civeo had a separate Australian credit facility (The MAC Group Credit Facility) that was used exclusively to support our Australian operations. On May 28, 2014, the Oil States Credit Facility and The MAC Group Credit Facility were terminated. We recognized a loss on the termination during the second quarter 2014 of approximately $3.5 million related to unamortized debt issuance costs, which is included in Loss on extinguishment of debt on the accompanying consolidated statements of operations

On May 28, 2014, we entered into (i) a $650.0 million, 5-year revolving credit facility which is allocated as follows: (A) a $450.0 million senior secured revolving credit facility in favor of Civeo, as borrower (the U.S. facility), (B) a $100.0 million senior secured revolving credit facility in favor of certain of our Canadian subsidiaries, as borrowers (the Canadian facility), and (C) a $100.0 million senior secured revolving credit facility in favor of one of our Australian subsidiaries, as borrower (the Australian facility), and (ii) a $775.0 million, 5-year term loan facility in favor of Civeo (collectively, the Credit Facility), which was subsequently amended in connection with the Redomicile Transaction.

On July 17, 2015, our Credit Facility was amended (First Amendment) to, among other things:

	●	Permit us to redomicile to Canada, make associated corporate restructurings and make certain changes to the collateral and guarantees, covenants, events of default and related definitions to reflect the Redomicile Transaction and the new credit facilities referred to below;

	●	Allow for the incurrence of new credit facilities under the Credit Facility, including (i) a new revolving credit facility in a maximum principal amount of US$125 million available to be borrowed by Civeo Canada after the effectiveness of the First Amendment (July 17, 2015) and (ii) a new term loan facility in the amount of US$325 million to be borrowed by Civeo Canada on the date of the effectiveness of the First Amendment;

●

Provide for the partial prepayment of the existing U.S. term loan under the Credit Facility in the aggregate principal amount of US$725 million and the reduction of the aggregate U.S. revolving credit facility to a maximum principal amount of US$50 million;

●

Increase the interest rate margin by 0.25% within existing levels of total leverage and add two additional levels to the total leverage-based grid such that the interest rates for the loans range from LIBOR +2.0% to LIBOR +4.0% and increase the undrawn commitment fee to range from 0.45% to 0.90% based on total leverage;

●

Make certain changes to the maximum leverage ratio financial covenant;

●

Make certain changes to the application of prepayments and amortization schedules to reflect the new term loan facility and the prepayment of the U.S. term loans; and

●

Make other technical changes and amendments to the Credit Facility.

As a result of the amendment, we recognized a loss during the third quarter 2015 of approximately $1.5 million related to unamortized debt issuance costs, which is included in Loss on extinguishment of debt on the accompanying consolidated statements of operations.

On February 18, 2016, the Second Amendment to the Credit Facility became effective, which allowed us the following:

●

Join Civeo Management LLC, an indirect wholly owned subsidiary of the Company, as a co-borrower under the US$50 million U.S. revolving credit facility under the Amended Credit Facility;

●

Provide for the partial prepayment of the U.S. term loan under the Amended Credit Facility in the aggregate principal amount of US$25 million and the reduction by US$25 million of the aggregate revolving loan commitments under the Canadian revolving credit facility under the Amended Credit Facility, which was incurred in connection with the First Amendment to the Credit Facility, to a maximum principal amount of US$100 million;

●

Increase the interest rate margin by 0.25% when the leverage ratio is less than 1.50x (by deleting the lowest level in the leverage-based grid) and adding two additional levels to the total leverage-based grid such that the interest rates for the loans range from LIBOR +2.25% to LIBOR +5.00%, and increase the undrawn commitment fee from a range of 0.45% to 0.90% to a range of 0.51% to 1.13% based on total leverage;

●

Make certain changes to the maximum leverage ratio financial covenant, as follows:

Period Ended	Maximum Leverage Ratio

December 31, 2015	4.00 : 1.00
March 31, 2016	4.25 : 1.00
June 30, 2016	5.25 : 1.00
September 30, 2016	5.50 : 1.00
December 31, 2016	5.50 : 1.00
March 31, 2017	5.25 : 1.00
June 30, 2017	5.25 : 1.00
September 30, 2017	5.00 : 1.00
December 31, 2017	5.00 : 1.00
March 31, 2018	4.75 : 1.00
June 30, 2018	3.75 : 1.00
September 30, 2018 & thereafter	3.50 : 1.00

	●	Add a provision for a mandatory prepayment of the revolving credit facilities under the Amended Credit Facility in the event the Company and its subsidiaries hold an aggregate amount of cash exceeding US$40 million for a period of more than three consecutive business days, such mandatory prepayment to be made within two business days in an amount equal to the lesser of (a) an amount sufficient to reduce the aggregate amount of cash and permitted investments on hand at the Company and its subsidiaries to less than US$40 million or (b) an amount sufficient to repay all of the outstanding commitments under the revolving credit facilities under the Amended Credit Facility; and

	●	Make other technical changes and amendments to the Credit Facility.

U.S. dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to LIBOR plus a margin of 2.25% to 5.00%, or a base rate plus 1.25% to 4.00%, in each case based on a ratio of our total leverage to EBITDA (as defined in the Amended Credit Facility). Canadian dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to CDOR plus a margin of 2.25% to 5.00%, or a base rate plus a margin of 1.25% to 4.00%, in each case based on a ratio of our consolidated total leverage to EBITDA (as defined in the Amended Credit Facility). Australian dollar amounts outstanding under the Amended Credit Facility bear interest at a variable rate equal to BBSY plus a margin of 2.25% to 5.00%, based on a ratio of our consolidated total leverage to EBITDA (as defined in the Amended Credit Facility).

The Amended Credit Facility contains customary affirmative and negative covenants that, among other things, limit or restrict (i) subsidiary indebtedness, liens and fundamental changes, (ii) asset sales, (iii) margin stock, (iv) specified acquisitions, (v) restrictive agreements, (vi) transactions with affiliates and (vii) investments and other restricted payments, including dividends and other distributions. Specifically, we must maintain an interest coverage ratio, defined as the ratio of consolidated EBITDA (as defined in the Amended Credit Facility) to consolidated interest expense, of at least 3.0 to 1.0 and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of no greater than 4.0 to 1.0 (as of December 31, 2015). As noted above, the permitted level of the maximum leverage ratio changes over time. Each of the factors considered in the calculations of these ratios are defined in the Amended Credit Facility. EBITDA and consolidated interest, as defined, exclude goodwill and asset impairments, debt discount amortization and other non-cash charges. We were in compliance with these covenants as of December 31, 2015.

As of December 31, 2015 we have 15 lenders in our Amended Credit Facility with commitments ranging from $1.6 million to $143.2 million. As of December 31, 2015, we had outstanding letters of credit of $0.7 million under the U.S facility and $4.4 million under the Canadian facility.

Borrowings under the Amended Credit Facility are secured by a pledge of substantially all of our assets and the assets of our subsidiaries. Obligations under the Amended Credit Facility are guaranteed by our significant subsidiaries.

In addition to the Amended Credit Facility, we have an A$5 million bank guarantee facility, which matures March 31, 2016. There were no borrowings or letters of credit outstanding, but we had bank guarantees of A$1.3 million under this facility outstanding as of December 31, 2015.

Note 10 - Retirement Plans

12 Months Ended

Dec. 31, 2015

Pension and Other Postretirement Benefits Disclosure [Text Block]

10.	RETIREMENT PLANS

We sponsor defined contribution plans. Participation in these plans is available to substantially all employees. We recognized expense of $9.6 million, $16.3 million and $18.6 million, respectively, related to matching contributions under our various defined contribution plans during the years ended December 31, 2015, 2014 and 2013, respectively.

Canadian Retirement Savings Plan

We offer a defined contribution retirement plan to our Canadian employees. In Canada, we contribute, on a matched basis, an amount up to 5% of each Canadian based, salaried employee’s earnings (base salary plus annual incentive compensation) to the legislated maximum for a Deferred Profit Sharing Plan (DPSP – Maximum for 2015 - $12,685). DPSP is a form of defined contribution retirement savings plan governed by Canadian Federal Tax legislation which provides for deferral of tax on deposit and investment return until removed from the plan to support retirement income. Employer contributions vest upon the completion of two years of service. Employee contributions are required in order to be eligible for the DPSP employer matching. Maximum employer matching (5% noted above) is attained with (6%) employee contribution which would go into a Group Registered Retirement Savings Plan (GRRSP). The two plans work in tandem. Contributions to the “Retirement Savings Plan” for Canadian employees are subject to the annual maximum total registered savings limit of $24,930 in 2015 as set out in the Canadian Tax Act.

Australian Retirement Savings Plan

Our Australian affiliate contributes to various defined contribution plans for its employees in accordance with legislation governing the calculation of the Superannuation Guarantee Surcharge (SGC). SGC is contributed by the employer at a rate of 9.5% of the base salary of an employee, capped at the legislated maximum contribution base which is indexed annually.

A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Our Australian affiliate makes no investment decisions on behalf of the employee and has no obligations other than to remit the defined contributions to the plan selected by each individual employee.

Obligations for contributions to defined contribution plans are recognized as an employee benefit expense in profit or loss in the periods during which services are rendered by employees.

U.S. Retirement Savings Plan

We offer a defined contribution 401(k) retirement plan to substantially all of our U.S. employees. Participants may contribute from 1% to 75% of their base and cash incentive compensation (subject to Internal Revenue Service limitations), and we make matching contributions under this plan on the first 6% of the participant’s compensation (100% match of the first 4% employee contribution and 50% match on the next 2% contribution). Our matching contributions vest at a rate of 20% per year for each of the employee’s first five years of service and then are immediately vested thereafter.

Note 11 - Asset Retirement Obligations

12 Months Ended

Dec. 31, 2015

Asset Retirement Obligation Disclosure [Text Block]

11.	ASSET RETIREMENT OBLIGATIONS

AROs at December 31, 2015 and 2014 were (in thousands):

	2015		2014

Asset retirement obligations	$	17,299	$	21,610
Less: Asset retirement obligations due within one year*		--		--
Long-term asset retirement obligations	$	17,299	$	21,610

Classified as a current liability on the consolidated balance sheets, under the caption “Other accruals.”

Total expense related to the ARO was $1.3 million, $0.3 million and $0.3 million in 2015, 2014 and 2013, respectively.

During the years ended December 31, 2015, 2014 and 2013, our ARO changed as follows (in thousands):

	2015			2014			2013
Balance as of January 1	$	21,610		$	6,095		$	5,518
Accretion of discount		1,292			336			350
New obligations		81			797			566
Change in estimates of existing obligations		(2,366	)		14,838			34
Settlement of obligations		(132	)		--			--
Foreign currency translation		(3,186	)		(456	)		(373	)
Balance as of December 31	$	17,299		$	21,610		$	6,095

During 2014, our estimates of existing obligations increased by $14.8 million. The change in estimate was the result of acceleration of the timing of estimated expenditures, due to new information received during 2014 and higher expected expenditures for remediation, as a result of current estimates of costs expected to be incurred.

Note 12 - Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Text Block]

12.	INCOME TAXES

The Company’s operations are conducted through its various subsidiaries in a number of countries throughout the world. The Company has provided for income taxes based upon the tax laws and rates in the countries in which operations are conducted and income is earned. For the year ended December 31, 2015, Civeo Canada is the public parent registered under the laws of British Columbia, Canada. For the years ended December 31, 2014, and December 31, 2013, Civeo US, a Delaware corporation, was the public parent registered in the United States.

Income tax provision (benefit).

Pre-tax income (loss) for the years ended December 31, 2015, 2014 and 2013 consisted of the following (in thousands):

	2015			2014			2013
Canada operations	$	(73,691	)	$	119,509		$	205,408
Foreign operations		(90,062	)		(275,792	)		33,960
Total	$	(163,753	)	$	(156,283	)	$	239,368

The components of the income tax provision (benefit) for the years ended December 31, 2015, 2014 and 2013 consisted of the following (in thousands):

	2015			2014		2013
Current:
Canada	$	(820	)	$	27,046	$	44,611
Foreign		1,906			--		(163	)
Total	$	1,086		$	27,046	$	44,448

Deferred:
Canada	$	(2,707	)	$	23	$	1,117
Foreign		(31,468	)		4,310		10,490
Total	$	(34,175	)	$	4,333	$	11,607

Total Provision (Benefit)	$	(33,089	)	$	31,379	$	56,055

The income tax provision (benefit) differs from an amount computed at Canadian statutory rates for the year ended December 31, 2015 and at U.S. statutory rates for the years ended December 31, 2014 and 2013 (in thousands) was as follows:

	2015					2014					2013
Federal tax provision (benefit) at statutory rates	$	(44,213	)	27.0	%	$	(54,699	)	35.0	%	$	83,778		35.0	%
Effect of foreign income tax, net		(15,088	)	9.2	%		(10,599	)	6.8	%		(27,051	)	(11.3	)%
Goodwill impairment		11,533		(7.0	)%		19,798		(12.7	)%		--		--
Valuation allowance		11,189		(6.8	)%		51,369		(32.9	)%		--		--
Tax on future unremitted earnings		(25,306	)	15.4	%		26,077		(16.7	)%		--		--
Tax effects of restructuring		17,600		(10.8	)%		--		--			--		--
Deemed income from foreign subsidiaries		4,190		(2.6	)%		--		--			--		--
Enacted tax rate change		3,332		(2.0	)%		--		--			--		--
Other, net		3,674		(2.2	)%		(567	)	0.4	%		(671	)	(0.3	)%
Net income tax provision (benefit)	$	(33,089	)	20.2	%	$	31,379		(20.1	)%	$	56,056		23.4	%

Deferred Tax Liabilities and Assets.

The significant items giving rise to the deferred tax assets and liabilities as of December 31, 2015 and 2014 are as follows (in thousands):

	2015			2014
Deferred tax assets:
Net operating loss	$	12,528		$	5,540
Foreign tax credits		58,906			--
Allowance for doubtful accounts		--			1,347
Employee benefits		5,326			2,074
Deductible goodwill and other intangibles		43,857			45,858
Other reserves		6,342			4,329
Unearned revenue		2,894			4,491
Other		1,893			2,478
Deferred tax assets		131,746			66,117
Valuation allowance		(115,087	)		(49,523	)
Deferred tax assets, net	$	16,659		$	16,594
Deferred tax liabilities:
Depreciation	$	(41,312	)	$	(60,558	)
Investment		(738	)		(26,044	)
Deferred tax liabilities		(42,050	)		(86,602	)
Net deferred tax liability	$	(25,391	)	$	(70,008	)

We have adopted the provisions of ASU 2015-17 prospectively to classify all deferred tax assets and liabilities as noncurrent. Our deferred tax balance based on net non-current items as of December 31, 2015 and net current items and net non-current items as of December 31, 2014, as well as our deferred tax balance had we adopted ASU 2015-17 retroactively as of December 31, 2014, are as follows (in thousands):

	2015			2014 (as reported)			2014 (under ASU 2015-17)

Current deferred tax asset	$	--		$	4,620		$	--
Current deferred tax liability		--			(21,452	)		--
Long-term deferred tax asset		--			2,324			--
Long-term deferred tax liability		(25,391	)		(55,500	)		(70,008	)
Net deferred tax liability	$	(25,391	)	$	(70,008	)	$	(70,008	)

NOL and Tax Credit Carryforwards.

The following table summarizes net operating loss (NOL) and tax credit carryforwards at December 31, 2015 (in thousands):

	Amount		Expiration Period
Net operating loss carryforwards:
Canada	$	18,853	Begins to expire in 2035
Australia	20,275		Does not expire
U.S. – Federal		--
U.S. – State		37,530	Begins to expire in 2022
Foreign tax credit carryforwards:
U.S.		58,906	Begins to expire in 2025

Change in Valuation Allowance.

Realization of our deferred tax assets is dependent upon, among other things, our ability to generate taxable income of the appropriate character in the future.

Changes in our valuation allowance for the years ended December 31, 2015 and 2014 are as follows (in thousands):

	Foreign Tax Credits			Deferred Tax Assets			Other			Total
Balance as of December 31, 2014	$	--		$	(49,523	)	$	--		$	(49,523	)
Change in income tax provision		--			(9,834	)		(1,355	)		(11,189	)
Tax effects of restructuring		(58,906	)					--			(58,906	)
Other change		--			(309	)		(545	)		(854	)
Foreign currency translation		--			5,367			18			5,385
Balance as of December 31, 2015	$	(58,906	)	$	(54,299	)	$	(1,882	)	$	(115,087	)

As a result of the internal restructuring, a full valuation allowance was placed against excess foreign tax credits totaling $58.9 million.

Indefinite Reinvestment of Earnings.

During the fourth quarter of 2014, we reevaluated our intent to indefinitely reinvest earnings of subsidiary companies foreign to the US. Due to our expectations of utilizing our existing and future cash balances to reduce our aggregate debt balances during 2015, we recognized a deferred tax liability of $25.3 million related to a portion of our undistributed foreign earnings. During 2015, due to a change in expectations and legal entity structure, we reversed the deferred tax liability.

At December 31, 2015, due to the internal restructuring in connection with the Redomicile Transaction, we have no undistributed earnings of foreign subsidiaries subject to income tax in Canada.

Unrecognized Tax Benefits.

We file tax returns in the jurisdictions in which they are required. All of these returns are subject to examination or audit and possible adjustment as a result of assessments by taxing authorities. We believe that we have recorded sufficient tax liabilities and do not expect the resolution of any examination or audit of our tax returns to have a material adverse effect on our operating results, financial condition or liquidity.

Our Canadian federal tax returns subsequent to 2008 are subject to audit by the Canada Revenue Agency. Our Australian subsidiary’s federal tax returns subsequent to 2010 are subject to audit by the Australian Taxation Office. Our US subsidiary’s federal tax returns from 2014 are subject to audit by the US Internal Revenue Service.

The total amount of unrecognized tax benefits as of December 31, 2015 and 2014 was $0.7 million and $0.7 million, respectively. The unrecognized tax benefits, if recognized, would affect the effective tax rate. We accrue interest and penalties related to unrecognized tax benefits as a component of our provision for income taxes. As of December 31, 2015 and 2014, we had accrued $0.3 million and $0.3 million, respectively, of interest expense and penalties.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):

	2015		2014		2013
Balance as of January 1	$	679	$	679	$	679
Additions for tax positions of prior years		--		--		--
Reductions for tax positions of prior years		--		--		--
Reductions for settlements		--		--		--
Lapse of the applicable statute of limitations		--		--		--
Balance as of December 31	$	679	$	679	$	679

During the third quarter of 2015, management determined that, based upon ongoing communications with the Australian taxing authority and status of the current examination, an uncertain tax liability of approximately $8.1 million related to tax positions taken on previously filed Australian returns should be recorded. In the fourth quarter of 2015, the examination was concluded in our favor. As a result, in the fourth quarter, we have reversed the uncertain tax liability.

It is reasonably possible that the amount of unrecognized tax benefits will change during the next twelve months due to the closing of the statute of limitations and that change, if it were to occur, could have a favorable or unfavorable impact on our results of operation.

Note 13 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Text Block]

13.	COMMITMENTS AND CONTINGENCIES

We lease a portion of our equipment, office space, computer equipment, automobiles and trucks under leases which expire at various dates.

Minimum future operating lease obligations in effect at December 31, 2015, were as follows (in thousands):

2016	$	4,581
2017		4,227
2018		3,409
2019		2,947
2020		2,717
Thereafter		9,581
	$	27,462

Rental expense under operating leases was $7.6 million, $8.4 million and $7.1 million for the years ended December 31, 2015, 2014 and 2013, respectively.

We are a party to various pending or threatened claims, lawsuits and administrative proceedings seeking damages or other remedies concerning our commercial operations, products, employees and other matters, including warranty and product liability claims as a result of our products or operations. Although we can give no assurance about the outcome of pending legal and administrative proceedings and the effect such outcomes may have on us, management believes that any ultimate liability resulting from the outcome of such proceedings, to the extent not otherwise provided for or covered by insurance, will not have a material adverse effect on our consolidated financial position, results of operations or liquidity.

In conjunction with, and effective as of, the Spin-Off, we entered into an Indemnification and Release Agreement with Oil States. This agreement governs the treatment between Oil States and us of all aspects relating to indemnification, insurance, litigation responsibility and management, and litigation document sharing and cooperation arising in connection with the Spin-Off. Generally, the agreement provides for cross-indemnities principally designed to place financial responsibility for the obligations and liabilities of our business with us and financial responsibility for the obligations and liabilities of Oil States’ business with Oil States. The agreement also establishes procedures for handling claims subject to indemnification and related matters. Pursuant to the Indemnification and Release Agreement, we and Oil States will generally release the other party from all claims arising prior to the Spin-Off other than claims arising under the transaction agreements, including the indemnification provisions described above. We evaluated the impact of the indemnifications given and the Civeo indemnifications received as of the Spin-Off date and concluded those fair values were immaterial.

Note 14 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2015

Comprehensive Income (Loss) Note [Text Block]

14.	ACCUMULATED OTHER COMPREHENSIVE LOSS

Our accumulated other comprehensive loss increased $167.8 million from $198.5 million at December 31, 2014 to $366.3 million at December 31, 2015, as a result of foreign currency exchange rate changes. Changes in the other comprehensive loss during 2015 were primarily driven by the Australian dollar and Canadian dollar decreasing in value compared to the U.S. dollar. Excluding intercompany balances, our Canadian dollar and Australian dollar functional currency net assets totaled approximately C$0.2 billion and A$0.5 billion, respectively, at December 31, 2015.

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Note 15 - Stock Based Compensation

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

15.	SHARE BASED COMPENSATION

Prior to the Spin-Off, certain employees of Civeo participated in Oil States’ Equity Participation Plan (the Oil States Plan). The expense associated with these employees is reflected in the accompanying consolidated statements of operations

. Effective May 30, 2014, our employees and non-employee directors began participating in the 2014 Equity Participation Plan of Civeo Corporation (the Civeo Plan). The Civeo Plan authorizes the Board of Directors to grant options, awards of restricted shares, performance awards, dividend equivalents, awards of deferred shares, and share payments to our employees and non-employee directors. No more than 4.0 million Civeo common shares may be awarded under the Civeo Plan.

In connection with the Spin-Off, stock based compensation awards granted under the Oil States Plan and held by Civeo grantees as of May 30, 2014 were replaced with substitute Civeo awards. Stock options were replaced with options to purchase Civeo common shares. Unvested restricted stock awards were replaced with substitute Civeo restricted share awards. Unvested deferred stock awards were replaced with substitute Civeo deferred share awards. Additionally, phantom shares granted under the Canadian Long-Term Incentive Plan were converted to units that entitle the recipient to a lump sum cash payment equal to the fair market value of a Civeo common share on the respective vesting date. These replacements were intended to preserve the intrinsic value of the awards as of May 30, 2014. The substitution of these awards did not cause us to recognize incremental compensation expense as an equitable adjustment was required to be made as a result of the Spin-Off.

Upon effectiveness of the Redomicile Transaction, Civeo Canada assumed the Civeo US employee equity plans and related award agreements, including all options and awards issued or granted under such plans, as well as certain Civeo US benefit plans and agreements.

In connection with the assumption of these plans, each plan was amended or deemed amended to provide that, as of the effectiveness of the Redomicile Transaction, the plans would include provisions, as applicable, reflecting the Redomicile Transaction and its effects, including changes made to reflect the fact that Civeo Canada common shares will be issued to satisfy awards issued or granted under such plan. Additionally, the 2014 Equity Participation Plan of Civeo Corporation was further amended to comply with applicable Canadian law, including with respect to grants to Canadian employees.

Share-based compensation expense recognized in the years ended December 31, 2015, 2014 and 2013 totaled $5.6 million, $8.9 million and $6.4 million, respectively. Share-based compensation expense is reflected in Selling, general and administrative (SG&A) expense in our consolidated statements of operations.

Options to Purchase Common Shares

The fair value of each option grant is estimated on the date of grant using a Black-Scholes option pricing model that uses the assumptions noted in the following table. The risk-free interest rate is based on the U.S. Treasury yield curve in effect for the expected term of the option at the time of grant. The dividend yield on Oil States’ common stock was assumed to be zero since they did not pay dividends and had no plans to do so prior to the Spin-Off. The expected market price volatility of Oil States’ common stock was based on an estimate made by them that considers the historical and implied volatility of its common stock as well as a peer group of companies over a time period equal to the expected term of the option. The expected life of the options awarded in 2014 and 2013 was based on a formula considering the vesting period, term of the options awarded and past experience. No options were awarded in 2015. Information for periods prior to the Spin-Off is based on stock option awards for Oil States’ common stock.

	2014 (prior to Spin-Off)			2013
Risk-free weighted interest rate		1.27	%		0.6	%
Expected life (in years)		4.1			4.1
Expected volatility		38	%		44	%

A total of 120,799 Oil States stock options were converted to 554,738 Civeo stock options at May 30, 2014, in connection with the Spin-Off. As such, no grant, exercise or cancellation activity occurred on Civeo stock option awards prior to May 30, 2014. The following table presents the changes in stock options outstanding and related information for our employees during the year ended December 31, 2015 and 2014:

	Options			Weighted Average Exercise Price Per Share		Weighted Average Contractual Life (Years)		Intrinsic Value (Thousands)
Outstanding Options at May 30, 2014		554,738		$	11.14
Granted		--			--
Exercised		(12,628	)		11.95
Forfeited / Expired		(9,184	)		16.43
Outstanding Options at December 31, 2014		532,926		$	11.03		3.4	$	66,130
Granted		--			--
Exercised		(137,771	)		3.63
Forfeited / Expired		(4,821	)		16.43
Outstanding Options at December 31, 2015		390,334		$	13.58		3.5	$	--

Exercisable Options at December 31, 2015		327,201		$	12.43		2.8	$	--

The total intrinsic value of options exercised by our employees during 2015 and 2014 for periods subsequent to the Spin-Off was less than $100,000 and was $0.2 million, respectively. The total intrinsic value of options exercised by our employees during 2014 for periods prior to the Spin-Off and 2013 was $5.0 million and $8.2 million, respectively. Oil States received all cash from option exercises during 2014 for periods prior to the Spin-Off and 2013. The tax benefits realized for the tax deduction from options exercised during 2015 and 2014 for periods subsequent to the Spin-Off totaled less than $100,000 and zero, respectively. The tax benefits realized by Oil States for the tax deduction from stock options exercised during 2014 for periods prior to the Spin-Off and 2013 totaled $0.2 million and $0.6 million, respectively.

At December 31, 2015, unrecognized compensation cost related to options was $

0.2 million, which is expected to be recognized over a weighted average period of 1.7 years

The following table summarizes information for outstanding options of our employees at December 31, 2015:

				Options Outstanding						Options Exercisable
Range of Exercise Prices				Number Outstanding as of December 31, 2015		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable as of December 31, 2015		Weighted Average Exercise Price

$		8.21			174,508		0.13	$	8.21		174,508	$	8.21
$		16.43			93,561		5.13	$	16.43		93,561	$	16.43
$		17.48			51,087		7.14	$	17.48		24,682	$	17.48
$		18.43			34,441		6.13	$	18.43		25,257	$	18.43
$		21.87			36,737		8.13	$	21.87		9,193	$	21.87
$	8.21	-	21.87		390,334		3.53	$	13.58		327,201	$	12.43

Restricted Share Awards / Deferred Share Awards

A total of 94,936 unvested Oil States restricted stock and deferred stock awards were converted to 435,999 unvested Civeo restricted stock awards at May 30, 2014, in connection with the Spin-Off. As such, no grant, exercise or cancellation activity occurred on Civeo restricted stock awards prior to May 30, 2014. Included in this total were 20,000 Oil States performance based restricted stock awards, which vested in an amount that depended on Oil States’ achievement of specified performance objectives. In conjunction with the Spin-Off transaction, the awards were cancelled and the holder was granted 91,848 unvested Civeo restricted share awards, of which half vested in February 2015 and the other half vested in February 2016.

The following table presents the changes in restricted share and deferred share awards outstanding and related information for our employees during the year ended December 31, 2015 and 2014:

	Number of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at May 30, 2014		435,999		$	18.87
Granted		188,005			21.14
Vested		(19,358	)		13.87
Forfeited		(27,764	)		18.75
Nonvested shares at December 31, 2014		576,882		$	19.78
Granted		1,208,642			3.61
Vested		(248,215	)		18.17
Forfeited		(223,745	)		7.54
Nonvested shares at December 31, 2015Total amortizable intangible assets		1,313,564		$	7.29

The weighted average grant date fair value per share for restricted share and deferred share awards granted during 2015 and during 2014 subsequent to the Spin-Off was $3.61 and $21.14, respectively. The weighted average grant date fair value per share for restricted stock and deferred stock awards granted in 2014 for periods prior to the Spin-Off and 2013 was $100.43 and $80.25, respectively. The total fair value of restricted share and deferred share awards vested during 2015 and 2014 for periods subsequent to the Spin-Off was $0.9 million and $0.4 million, respectively. The total fair value of restricted stock and deferred stock awards vested during 2014 for periods prior to the Spin-Off and 2013 was $2.7 million and $1.0 million, respectively. At December 31, 2015, unrecognized compensation cost related to restricted share and deferred share awards was $7.1 million, which is expected to be recognized over a weighted average period of 2.4 years.

Phantom Share Awards

Each phantom share award is equal in value to one common share. Upon vesting, each recipient will receive a lump sum cash payment equal to the fair market value of a common share on the respective vesting date. These awards are accounted for as a liability that is remeasured at each reporting date until paid.

On February 11, 2015, we granted 517,145 awards under the Civeo Plan, which vest in four equal annual installments beginning on February 11, 2016. We also granted 1,169,193 awards under the Canadian Long-Term Incentive Plan, which vest in three equal annual installments beginning on February 11, 2016. During the second quarter 2015, we granted an additional 192,876 awards under the Canadian Long-Term Incentive Plan.

At May 30, 2014, in connection with the Spin-Off, a total of 123,183 awards outstanding under the Canadian Long-Term Incentive Plan were converted to 565,706 units. On May 30, 2014, we granted 4,337 phantom stock awards, all of which vest in three equal annual installments beginning on May 30, 2015.

At December 31, 2015, the balance of the liability for the phantom share awards was $0.7 million. For the years ended December 31, 2015, 2014 and 2013, we made phantom share cash payments of $0.8 million, $3.9 million and $1.4 million, respectively. At December 31, 2015, unrecognized compensation cost related to phantom shares was $1.8 million, as remeasured at December 31, 2015, which is expected to be recognized over a weighted average period of 2.5 years.

Note 16 - Segment and Related Information

12 Months Ended

Dec. 31, 2015

Segment Reporting Disclosure [Text Block]

16.	SEGMENT AND RELATED INFORMATION

In accordance with current accounting standards regarding disclosures about segments of an enterprise and related information, we have identified the following reportable segments: Canadian, Australian and U.S., which represent our strategic focus on work force accommodations.

Financial information by business segment for each of the three years ended December 31, 2015, 2014 and 2013 is summarized in the following table (in thousands):

	Total Revenues			Less: Intersegment Revenues			Revenues from unaffiliated customers		Depreciation and amortization			Operating income (loss)			Capital expenditures			Total assets
2015
Canada	$	344,249		$	--		$	344,249	$	89,269		$	(73,215	)	$	41,446		$	579,816
Australia		135,964			--			135,964		51,392			(24,817	)		12,160			424,731
United States		40,146			(2,396	)		37,750		11,833			(40,083	)		2,170			71,710
Corporate, stand-alone adjustments and eliminations		(2,396	)		2,396			--		496			(6,888	)		6,675			(5,045	)
Total	$	517,963		$	--		$	517,963	$	152,990		$	(145,003	)	$	62,451		$	1,071,212

2014
Canada	$	661,721		$	(305	)	$	661,416	$	91,893		$	106,580		$	218,620		$	1,024,990
Australia		213,279			--			213,279		62,924			(155,851	)		24,907			669,789
United States		123,328			(55,132	)		68,196		20,281			(86,959	)		10,901			135,681
Corporate, stand-alone adjustments and eliminations		(55,437	)		55,437			--		(128	)		(6,661	)		(3,270	)		(1,299	)
Total	$	942,891		$	--		$	942,891	$	174,970		$	(142,891	)	$	251,158		$	1,829,161

2013
Canada	$	714,136		$	(3,598	)	$	710,538	$	85,180		$	190,470		$	155,556		$	993,729
Australia		255,457			--			255,457		64,691			75,197			75,935			894,227
United States		91,311			(16,202	)		75,109		17,488			(3,320	)		61,989			234,049
Corporate, stand-alone adjustments and eliminations		(19,800	)		19,800			--		(146	)		(2,891	)		(1,786	)		1,232
Total	$	1,041,104		$	--		$	1,041,104	$	167,213		$	259,456		$	291,694		$	2,123,237

Financial information by geographic segment for each of the three years ended December 31, 2015, 2014 and 2013, is summarized below (in thousands). Revenues in the U.S. include export sales. Revenues are attributable to countries based on the location of the entity selling the products or performing the services. Long-lived assets are attributable to countries based on the physical location of the entity and its operating assets and do not include intercompany balances.

	Canada		Australia		U.S. and Other		Total
2015
Revenues from unaffiliated customers	$	344,249	$	135,964	$	37,750	$	517,963
Long-lived assets		532,419		390,623		56,935		979,977

2014
Revenues from unaffiliated customers	$	661,416	$	213,279	$	68,196	$	942,891
Long-lived assets		746,983		519,777		96,120		1,362,880

2013
Revenues from unaffiliated customers	$	710,538	$	255,457	$	75,109	$	1,041,104
Long-lived assets		664,466		810,645		198,594		1,673,705

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Note 17 - Related Party Transactions

12 Months Ended

Dec. 31, 2015

17.	RELATED PARTY TRANSACTIONS

Our related parties included Oil States until May 30, 2014, the effective date of the Spin-Off.

On May 27, 2014, in connection with the Spin-off, we entered into several agreements with Oil States that govern the Spin-Off and the relationship of the parties following the Spin-Off. Because the terms of these agreements were entered into in the context of a related party transaction, the terms may not be comparable to terms that would be obtained in a transaction between unaffiliated parties.

The Separation and Distribution Agreement between us and Oil States contains the key provisions relating to the separation of our business from Oil States and the distribution of our common stock to Oil States stockholders. The Separation and Distribution Agreement identifies the assets that were transferred or sold, liabilities that were assumed or sold and contracts that were assigned to us by Oil States or by us to Oil States in the Spin-Off and describes how these transfers, sales, assumptions and assignments occurred. Pursuant to the Separation and Distribution Agreement, on May 28, 2014, we made a cash distribution to Oil States of $750 million.

The Indemnification and Release Agreement governs the treatment of all aspects relating to indemnification, insurance, litigation responsibility and management, and litigation document sharing and cooperation. Generally, the Indemnification and Release Agreement provides for cross-indemnities principally designed to place financial responsibility for the obligations and liabilities of our business with us and financial responsibility for the obligations and liabilities of Oil States’ business with Oil States. The Indemnification and Release Agreement also establishes procedures for handling claims subject to indemnification and related matters. Pursuant to the Indemnification and Release Agreement, we and Oil States will generally release the other party from all claims arising prior to the Spin-Off other than claims arising under the transaction agreements, including the indemnification provisions described above. See Note 13 – Commitments and Contingencies.

The Tax Sharing Agreement governs the respective rights, responsibilities and obligations of Oil States and us with respect to taxes and tax benefits, the filing of tax returns, the control of audits, restrictions on us to preserve the tax-free status of the Spin-Off and other tax matters.

The Employee Matters Agreement provides that each company has responsibility for its own employees and compensation plans. The agreement also contains provisions regarding share-based compensation. See Note 15 – Share Based Compensation.

The Transition Services Agreement sets forth the terms on which Oil States provided to us, and we provided to Oil States, on a temporary basis, certain services or functions that the companies historically have shared. Transition services provided to us by Oil States included administrative, payroll, legal, human resources, data processing, financial audit support, financial transaction support, and other support services, information technology systems and various other corporate services. Transition services provided to Oil States by us included information technology systems, financial audit support, tax support and other corporate services. The agreement provided for the provision of specified transition services, generally for a period of up to nine months from the date of the Spin-Off, with a possible extension of 1 month (an aggregate of 10 months) at a predetermined fee based on estimated cost to Oil States. The Transition Services Agreement expired under the terms of the agreement on February 28, 2015. We incurred costs under the Transition Services Agreement totaling $0.3 million and $1.3 million during the years ended December 31, 2015 and 2014, respectively.

Parent Company Services Provided and Corporate Allocations

Prior to the Spin-Off, Oil States provided services to and funded certain expenditures of Civeo. The most significant of these services and expenditures were: (1) funding expenditures to settle domestic accounts payable; (2) funding and processing of domestic payroll; (3) share-based compensation; and (4) certain transaction-related expenditures. The consolidated financial statements of Civeo reflect these expenditures. During the years ended December 31, 2014 and 2013, $41.7 million and $130.2 million, respectively, of expenditures for services received from Oil States or funding for expenditures provided by Oil States were included in the consolidated financial statements.

Prior to the Spin-Off, the consolidated statements of operations

also include general corporate expense allocations, which include costs incurred by Oil States for certain corporate functions such as executive management, finance, information technology, tax, internal audit, risk management, legal, human resources and treasury. During the years ended December 31, 2014 and 2013, we were allocated $2.8 million and $6.1 million, respectively, in respect of these corporate expenses which are included within selling, general and administrative expenses in the accompanying consolidated statements of operations

Oil States Net Investment

Net transfers to Oil States are included within Oil States net investment on the consolidated balance sheets. The components of the change in Oil States net investment for the years ended December 31, 2014 and 2013 are as follows (in thousands):

	2014			2013
Cash transfers and general financing activities	$	(13,255	)	$	29,098
Services received or funding for expenditures		41,725			130,159
Corporate allocations, including income tax provision (1)		3,950			7,216
Net increase in Oil States net investment	$	32,420		$	166,473

(1)

Corporate allocations includes the general corporate expense allocations of $2.8 million and $6.1 million for the years ended December 31, 2014 and 2013, respectively, the impact of the income tax provision, the allocation of corporate insurance premiums, and the attribution of certain assets and liabilities that have historically been held at the Oil States corporate level, but which are specifically identifiable or otherwise allocable to us. The attributed assets and liabilities are included in Civeo’s consolidated balance sheets.

Supplemental Cash Flow Information

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Note 18 - Valuation Accounts

12 Months Ended

Dec. 31, 2015

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

18.	VALUATION ACCOUNTS

Activity in the valuation accounts was as follows (in thousands):

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions (Net of Recoveries)			Translation and Other, Net			Balance at End of Period

Year Ended December 31, 2015:
Allowance for doubtful accounts receivable	$	4,043	$	1,004	$	(3,844	)	$	(82	)	$	1,121
Valuation allowance for deferred tax assets		49,523		70,095		--			(4,531	)		115,087

Year Ended December 31, 2014:
Allowance for doubtful accounts receivable	$	3,656	$	503	$	(51	)	$	(65	)	$	4,043
Valuation allowance for deferred tax assets		--		49,523		--			--			49,523

Year Ended December 31, 2013:
Allowance for doubtful accounts receivable	$	1,118	$	2,628	$	(7	)	$	(83	)	$	3,656

Note 19 - Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information [Text Block]

19.	QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table summarizes quarterly financial information for 2015 and 2014 (in thousands, except per share amounts):

	First Quarter (2)			Second Quarter (3)			Third Quarter (4)			Fourth Quarter (5)
2015
Revenues	$	170,987		$	143,147		$	106,544		$	97,285
Gross profit (1)		68,076			53,723			36,793			31,758
Net income (loss) attributable to Civeo		(16	)		(13,461	)		(107,685	)		(10,597	)
Basic earnings (loss) per share		0.00			(0.13	)		(1.01	)		(0.10	)
Diluted earnings (loss) per share		0.00			(0.13	)		(1.01	)		(0.10	)

2014
Revenues	$	252,799		$	227,133		$	243,265		$	219,694
Gross profit (1)		109,289			93,828			106,164			88,689
Net income attributable to Civeo		36,239			13,949			32,403			(271,634	)
Basic earnings per share		0.34			0.13			0.30			(2.54	)
Diluted earnings per share		0.34			0.13			0.30			(2.54	)

(1)

Represents "revenues" less "product costs" and "service and other costs" included in our consolidated statements of operations

(2)

In the first quarter of 2015, we recognized the following items:

●

Costs associated with our planned migration to Canada of $1.1 million ($0.8 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations

●

A loss of $3.8 million ($2.4 million after-tax, or $0.02 per diluted share) of which $1.1 million is included in cost of sales and services and $2.7 million is included in impairment expense. This charge relates to the decision to close a manufacturing facility in the United States. As a result, the related assets were written down to their estimated sales proceeds, less costs to sell.

(3)

In the second quarter of 2015, we recognized the following items:

●

A charge of $9.5 million ($6.6 million after-tax, or $0.06 per diluted share), related to the impairment of certain fixed assets which carrying value we determined not to be recoverable. The charge, which is related to our Australia segment, is included in Impairment expense on the accompanying consolidated statements of operations

●

Costs associated with our migration to Canada of $2.4 million ($1.6 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations

In the second quarter of 2014, we recognized the following items:

●

A charge of $9.0 million ($6.3 million after-tax, or $0.06 per diluted share), related to the impairment of an intangible asset in Australia. Due to the Spin-Off, and the resulting rebranding of the Company’s Australian operations from The Mac to Civeo Australia, it was determined that the fair value of an intangible asset associated with The Mac brand was zero. The charge, which is related to our Australia segment, is included in Impairment expense on the accompanying consolidated statements of operations

●

An impairment of certain fixed assets which were not in our custody, and for which return was determined to be uncertain. The $2.6 million impairment ($1.7 million after-tax, or $0.02 per diluted share), which is related to our U.S. segment, is included in Impairment expense on the consolidated statements of operations

●

Severance costs associated with the termination of an executive. The $4.1 million expense ($3.1 million after-tax, or $0.03 per diluted share), which is related to our Canadian segment, is included in Selling, general and administrative expenses on the consolidated statements of operations

●

$3.5 million, or $0.02 per diluted share after-tax, of losses incurred on the extinguishment of debt.

●

Transition costs associated with becoming a stand-alone company. The $1.9 million in costs ($1.2 million after-tax, or $0.01 per diluted share), which are primarily corporate in nature, are included in Spin-Off and formation costs on the consolidated statements of operations.

(4)

In the third quarter of 2015, we recognized the following items:

●

Goodwill impairment losses of $43.2 million ($43.2 million after-tax, or $0.40 per diluted share), which are related to our Canadian segment, and are included in Impairment expense on the consolidated statements of operations

●

Fixed asset and intangible asset impairment losses of $67.5 million ($46.9 million after-tax, or $0.44 per diluted share), of which $20.5 million related to our U.S. segment, $24.0 million related to our Australian segment and $23.0 million related to our Canadian segment, and is included in Impairment expense on the consolidated statements of operations

. The Canadian segment included $11.9 million related to assets that should have been impaired in the fourth quarter of 2014. We determined that the error was not material to our financial statements for the year ended December 31, 2014 and therefore corrected the error in the third quarter of 2015.

●

Costs associated with our migration to Canada of $1.5 million ($1.0 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations

●

$1.5 million, or $0.01 per diluted share, of losses incurred on extinguishment of debt.

In the third quarter of 2014, we recognized $1.0 million in transition costs associated with becoming a stand-alone company ($0.7 million after-tax, or $0.01 per diluted share). The costs, which are primarily corporate in nature, are included in Spin-Off and formation costs on the consolidated statements of operations

(5) In the fourth quarter of 2015, we recognized the following items:

●

Costs associated with our migration to Canada of $1.9 million ($1.2 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations

●

A foreign currency gain of $3.6 million that should have been recorded in the third quarter of 2015. We determined that the error was not material to our financial statements for the period ended September 30, 2015 and therefore corrected the error in the fourth quarter of 2015.

In the fourth quarter of 2014, we recognized the following items:

●

Goodwill impairment losses of $202.7 million ($201.2 million after-tax, or $1.89 per diluted share), of which $16.6 million related to our U.S. segment and $186.1 million related to our Australian segment.

●

Fixed asset and intangible asset impairment losses of $76.2 million ($51.2 million after-tax, or $0.48 per diluted share), of which $59.0 million related to our U.S. segment and $17.2 million related to our Canadian segment.

●

A $34.9 million tax expense ($0.33 per diluted share) from the establishment of a deferred tax liability related to a portion of our undistributed foreign earnings which we no longer intend to indefinitely reinvest and a valuation allowance related to deferred tax assets related to capital losses not expected to be realized.

●

Costs associated with our migration to Canada of $2.6 million ($1.7 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations

●

Transition costs incurred associated with becoming a stand-alone company. The $0.9 million in costs ($0.6 million after-tax, or $0.01 per diluted share), which are primarily corporate in nature, are included in Spin-off and formation costs on the consolidated statements of operations.

Amounts are calculated independently for each of the quarters presented. Therefore, the sum of the quarterly amounts may not equal the total calculated for the year.

Note 20 - Subsequent Events

12 Months Ended

Dec. 31, 2015

Subsequent Events [Text Block]

20.	SUBSEQUENT EVENTS

On February 18, 2016, we amended our Amended Credit Facility. Please see Note 9 – Debt for further information.

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2015
Accounting Policies [Abstract]
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash We consider all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Allowances for Doubtful Accounts We maintain allowances for doubtful accounts for estimated losses resulting from the inability of our customers to make required payments. If a trade receivable is deemed to be uncollectible, such receivable is charged-off against the allowance for doubtful accounts. We consider the following factors when determining if collection of revenue is reasonably assured: customer credit-worthiness, past transaction history with the customer, current economic industry trends, customer solvency and changes in customer payment terms. If we have no previous experience with the customer, we typically obtain reports from various credit organizations to ensure that the customer has a history of paying its creditors. We may also request financial information, including combined financial statements or other documents, to ensure that the customer has the means of making payment. If these factors do not indicate collection is reasonably assured, we would require a prepayment or other arrangement to support revenue recognition and recording of a trade receivable. If the financial condition of our customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required.
Inventory, Policy [Policy Text Block]	Inventories Inventories consist of work in process, raw materials and supplies and materials for the construction and operation of remote accommodation facilities. Inventories also include food, raw materials, labor, subcontractor charges, manufacturing overhead and catering and other supplies needed for operation of our facilities. Inventories are carried at the lower of cost or market. The cost of inventories is determined on an average cost or specific-identification method.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant, and Equipment Property, plant, and equipment are stated at cost or at estimated fair market value at acquisition date if acquired in a business combination, and depreciation is computed, for assets owned or recorded under capital lease, using the straight-line method, after allowing for salvage value where applicable, over the estimated useful lives of the assets. Leasehold improvements are capitalized and amortized over the lesser of the life of the lease or the estimated useful life of the asset. We record the fair value of a liability, which reflects the estimated present value of the amount of asset removal and site reclamation costs related to the retirement of our assets, for an asset retirement obligation (ARO) when it is incurred (typically when the asset is installed). When the liability is initially recorded, we capitalize the associated asset retirement cost by increasing the carrying amount of the related property, plant and equipment. Please see Asset Retirement Obligations, below, for further discussion. Expenditures for repairs and maintenance are charged to expense when incurred. Expenditures for major renewals and betterments, which extend the useful lives of existing equipment, are capitalized and depreciated. Upon retirement or disposition of property and equipment, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the consolidated statements of operations.
Interest Capitalization, Policy [Policy Text Block]	Interest Capitalization Interest costs for the construction of certain long-term assets are capitalized and amortized over the related assets’ estimated useful lives. For the years ended December 31, 2015, 2014, and 2013, $1.6 million, $2.3 million and $0.8 million were capitalized, respectively.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets The recoverability of the carrying values of long-lived assets, including amortizable intangible assets, is assessed whenever, in management’s judgment, events or changes in circumstances indicate that the carrying value of such asset groups may not be recoverable based on estimated future cash flows. If this assessment indicates that the carrying values will not be recoverable, as determined based on undiscounted cash flows over the remaining useful lives, an impairment loss is recognized. The impairment loss equals the excess of the carrying value over the fair value of the asset group. The fair value of the asset group is based on prices of similar assets, if available, or discounted cash flows. In performing this analysis, the first step is to review asset groups at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For each asset group, we compare its carrying value to estimates of undiscounted future cash flows. We use a variety of underlying assumptions to estimate these future cash flows, including assumptions relating to future economic market conditions, rates, occupancy levels, costs and expenses and capital expenditures. The estimates are consistent with those used for purposes of our goodwill impairment test, as further discussed in Goodwill and Other Intangible Assets, below. Based on the assessment, if the carrying values of certain of our asset groups are determined to not be recoverable, we proceed to the second step. In this step, we compare the fair value of the respective asset group to its carrying value. The fair value of the asset groups are based on prices of similar assets, as applicable, or discounted cash flows. Our estimate of the fair value requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the asset groups’ operations in the future, and are therefore uncertain. Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our long-lived assets.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill. Goodwill represents the excess of the purchase price paid for acquired businesses over the allocated fair value of the related net assets after impairments, if applicable. We do not amortize goodwill. We evaluate goodwill for impairment, at the reporting unit level, annually and when an event occurs or circumstances change to suggest that the carrying amount may not be recoverable. We conduct our annual impairment test as of November 30 of each year. Our goodwill balance was fully impaired at September 30, 2015. A reporting unit is the operating segment, or a business one level below that operating segment (the “component” level) if discrete financial information is prepared and regularly reviewed by management at the component level. Each segment of our business represents a separate reporting unit, and all three of our reporting units previously had goodwill. We recognize an impairment loss for any amount by which the carrying amount of a reporting unit’s goodwill exceeds the reporting unit’s implied fair value (IFV) of goodwill. Our assessment consists of a two-step impairment test. In the first step, we compare each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. If the carrying amount of the reporting unit exceeds its fair value, goodwill is potentially impaired, and a second step is performed to determine the amount of impairment, if any. We are given the option to test for impairment of our goodwill by first performing a qualitative assessment to determine whether it is more likely than not (that is, likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is determined that it is more likely than not that the fair value of a reporting unit is greater than its carrying amount, then performing the currently prescribed two-step impairment test is unnecessary. In developing a qualitative assessment to meet the “more-likely-than-not” threshold, each reporting unit with goodwill is assessed separately and different relevant events and circumstances are evaluated for each unit. We have the option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the first step of the two-step goodwill impairment test. In performing the two-step impairment test, we compare each reporting unit’s carrying amount, including goodwill, to the IFV of the reporting unit. Because none of our reporting units has a publically quoted market price, we must determine the value that willing buyers and sellers would place on the reporting unit through a routine sale process (a Level 3 fair value measurement). In our analysis, we target an IFV that represents the value that would be placed on the reporting unit by market participants, and value the reporting unit based on historical and projected results throughout a cycle, not the value of the reporting unit based on trough or peak earnings. The IFV of the reporting unit is estimated using a combination of (i) an analysis of trading multiples of comparable companies (Market Approach) and (ii) discounted projected cash flows (Income Approach). We also use acquisition multiples analyses in certain circumstances. The relative weighting of each approach varies by reporting unit, based on management’s judgment. Market Approach - This valuation approach utilizes publicly traded comparable companies’ enterprise values, as compared to their recent and forecasted earnings before interest, taxes and depreciation (EBITDA) information. We have historically used an average EBITDA multiple ranging from approximately 6.5x to approximately 9.5x depending on the reporting unit. We use EBITDA because it is a widely used key indicator of the cash generating capacity of companies in our industry. Income Approach - This valuation approach derives a present value of the reporting unit’s projected future annual cash flows over the next five years. We use a variety of underlying assumptions to estimate these future cash flows, including assumptions relating to future economic market conditions, rates, occupancy levels, costs and expenses and capital expenditures. These assumptions vary by each reporting unit depending on market conditions. In addition, a terminal value is estimated, using a Gordon Growth methodology with a long-term growth rate of 3%. We discount our projected cash flows using a long-term weighted average cost of capital based on our estimate of investment returns that would be required by a market participant. The IFV of our reporting units is affected by future oil, coal and natural gas prices, anticipated spending by our customers, and the cost of capital. Our estimate of IFV requires us to use significant unobservable inputs, representative of Level 3 fair value measurements, including numerous assumptions with respect to future circumstances, such as industry and/or local market conditions that might directly impact each of the reporting units’ operations in the future, and are therefore uncertain. We selected these valuation approaches because we believe the combination of these approaches and our best judgment regarding underlying assumptions and estimates provides us with the best estimate of fair value for each of our reporting units. We believe these valuation approaches are proven valuation techniques and methodologies for our industry and widely accepted by investors. The IFV of each reporting unit would change if our assumptions under these valuation approaches, or relative weighting of the valuation approaches, were materially modified. Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our goodwill. Our goodwill balance was fully impaired at September 30, 2015.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Other Intangible Asset s. We amortize the cost of other intangible assets over their estimated useful lives unless such lives are deemed indefinite. For intangible assets that we amortize, we review the useful life of the intangible asset and evaluate each reporting period whether events and circumstances warrant a revision to the remaining useful life. We evaluate the remaining useful life of an intangible asset that is not being amortized each reporting period to determine whether events and circumstances continue to support an indefinite useful life. We are required to evaluate our indefinite-lived intangible assets for impairment annually and when an event occurs or circumstances change to suggest the carrying amount may not be recoverable. In performing the impairment test, we compare the fair value of the indefinite-lived intangible asset with its carrying amount. The measurement of the impairment is calculated based on the excess of the carrying value over its fair value. Please see Note 3 – Impairment Charges for a discussion of impairment charges we recognized in 2015 and 2014 related to our intangible assets.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency and Other Comprehensive Income Gains and losses resulting from consolidated balance sheet translation of foreign operations where a foreign currency is the functional currency are included as a separate component of accumulated other comprehensive income within shareholders’ equity representing substantially all of the balances within accumulated other comprehensive income. Remeasurements of intercompany loans denominated in a different currency than the functional currency of the entity that are of a long-term investment nature are recognized as other comprehensive income within shareholders’ equity. Gains and losses resulting from consolidated balance sheet remeasurements of assets and liabilities denominated in a different currency than the functional currency, other than intercompany loans that are of a long-term investment nature, are included in the consolidated statements of operations as incurred. For the years ended December 31, 2015, 2014, and 2013, we recognized approximately $9.0 million, $0.2 million and $(1.3) million in foreign currency gains (losses), respectively.
Foreign Exchange Risk, Policy [Policy Text Block]	For eign Exchange Risk A significant portion of revenues, earnings and net investments in foreign affiliates are exposed to changes in foreign currency exchange rates. We seek to manage our foreign exchange risk in part through operational means, including managing expected local currency revenues in relation to local currency costs and local currency assets in relation to local currency liabilities. We have not entered into any foreign currency forward contracts.
Revenue Recognition, Policy [Policy Text Block]	Revenue and Cost Recognition We derive the majority of our revenue from lodging and related ancillary services. In each of our operating segments, revenue is recognized in the period in which services are provided pursuant to the terms of contractual relationships with our customers. In some contracts, rates may vary over the contract term. In these cases, revenue may be deferred and recognized on a straight-line basis over the contract term. Revenue from the sale of products, not accounted for utilizing the percentage-of-completion method, is recognized when delivery to and acceptance by the customer has occurred, when title and all significant risks of ownership have passed to the customer, collectability is reasonably assured and pricing is fixed and determinable. Our product sales terms do not include significant post-delivery obligations. For significant projects, revenues are recognized under the percentage-of-completion method, measured by the percentage of costs incurred to date compared to estimated total costs for each contract (cost-to-cost method). Billings on such contracts in excess of costs incurred and estimated profits are classified as deferred revenue. Costs incurred and estimated profits in excess of billings on percentage-of-completion contracts are recognized as unbilled receivables. Management believes this method is the most appropriate measure of progress on large contracts. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changes in job performance, job conditions, estimated profitability, and final contract settlements may result in revisions to projected costs and revenue and are recognized in the period in which the revisions are determined. Factors that may affect future project costs and margins include weather, production efficiencies, availability and costs of labor, materials and subcomponents. These factors can significantly impact the accuracy of our estimates and materially impact our future reported earnings. Revenues exclude taxes assessed based on revenues such as sales or value added taxes. Cost of services includes labor, food, utility costs, cleaning supplies, and other costs of operating our accommodations facilities. Cost of goods sold includes all direct material and labor costs and those costs related to contract performance, such as indirect labor, supplies, tools and repairs. Selling, general, and administrative costs are charged to expense as incurred.
Income Tax, Policy [Policy Text Block]	Income Taxes Our operations are subject to Canadian federal and provincial income taxes, as well as foreign income taxes. We determine the provision for income taxes using the asset and liability approach. Under this approach, deferred income taxes represent the expected future tax consequences of temporary differences between the carrying amounts and tax bases of assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amounts expected to be realized. In assessing the need for a valuation allowance, we look to the future reversal of existing taxable temporary differences, taxable income in carryback years, the feasibility of tax planning strategies and estimated future taxable income. The valuation allowance can be affected by changes to tax laws, changes to statutory tax rates and changes to future taxable income estimates. We recognize tax benefits from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the consolidated financial statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. In the U.S., prior to the Spin-Off, our operations were included in Oil States’ income tax returns. In preparing our consolidated financial statements, we determined our tax provision on a separate return, stand-alone basis. Pursuant to the Tax Sharing Agreement with Oil States, with respect to any periods (or portions thereof) ending prior to the Spin-Off, we are obligated to reimburse Oil States an amount equal to the amount of U.S. federal, state or local income tax we would have paid had we had filed a separate consolidated U.S. federal, state or local income tax return, subject to certain adjustments. We do not consider these amounts to be material. Prior to the Spin-Off, because portions of our operations were included in Oil States’ tax returns, payments to certain tax authorities were historically made by Oil States, and not by us. With the exception of certain dedicated foreign entities, we did not maintain taxes payable to/from Oil States and we were deemed to settle the annual current tax balances immediately with the legal tax-paying entities in the respective jurisdictions. These settlements are reflected as changes in the Oil States International, Inc. net investment account.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Receivables and Concentration of Credit Risk Based on the nature of our customer base, we do not believe that we have any significant concentrations of credit risk other than our concentration in the Canadian oil sands and Australian mining industries. We evaluate the credit-worthiness of our significant, new and existing customers’ financial condition and, generally, we do not require collateral from our customers. For the year ended December 31, 2015, each of Imperial Oil, Fort Hills Energy LP and BM Alliance Coal Operations Pty Ltd accounted for more than 10% of our revenues. For the year ended December 31, 2014, Imperial Oil accounted for more than 10% of our revenues. For the year ended December 31, 2013, each of Imperial Oil and BHP Billiton Mitsubishi Alliance accounted for more than 10% of our revenues.
Asset Retirement Obligations, Policy [Policy Text Block]	Asset Retirement Obligations We record the fair value of a liability, which reflects the estimated present value of the amount of asset removal and site reclamation costs related to the retirement of our assets, for an ARO when it is incurred (typically when the asset is installed). When the liability is initially recorded, we capitalize the associated asset retirement cost by increasing the carrying amount of the related property, plant and equipment. Over time, the liability increases for the change in its present value, while the capitalized cost depreciates over the useful life of the related asset. Accretion expense is recognized over the estimated productive life of the related assets. If the fair value of the estimated ARO changes, an adjustment is recorded to both the ARO and the capitalized asset retirement cost. Revisions in estimated liabilities can result from changes in estimated inflation rates, changes in service and equipment costs and changes in the estimated timing of settling the ARO. We utilize current retirement costs to estimate the expected cash outflows for retirement obligations. We estimate the ultimate productive life of the properties and a risk-adjusted discount rate in order to determine the current present value of the obligation. We relieve ARO liabilities when the related obligations are settled. We have AROs that we are required to perform under law or contract once an asset is permanently taken out of service. Most of these obligations are not expected to be paid until several years in the future and will be funded from general company resources at the time of removal. Please see Note 11 – Asset Retirement Obligations for further discussion.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Share-Based Compensation We, and, prior to the Spin-Off, Oil States, sponsor an equity participation plan in which certain of our employees participate. We measure the cost of employee services received in exchange for an award of equity instruments (typically option awards) based on the grant-date fair value of the award. The fair value is estimated using option-pricing models. The resulting cost is recognized over the period during which an employee is required to provide service in exchange for the awards, usually the vesting period. We, and, prior to the Spin-Off, Oil States, also grant phantom shares under the Canadian Long-Term Incentive Plan, which provides for the granting of units of phantom shares to key Canadian employees. We also grant phantom shares under the 2014 Equity Participation Plan, which provides for the granting of units of phantom shares to key U.S. employees. All of the awards vest in equal annual installments and are accounted for as a liability based on the fair value of our share price. Participants granted units of phantom shares are entitled to a lump sum cash payment equal to the fair market value of a common share on the vesting date.
Guarantees, Indemnifications and Warranties Policies [Policy Text Block]	Guarantees Substantially all of our Canadian and U.S. subsidiaries are guarantors under our Credit Facility. See Note 9 - Debt. Some of our products are sold with a warranty, generally 12 months. Parts and labor are covered under the terms of the warranty agreement. Warranty provisions are estimated based upon historical experience by product, configuration and geographic region. Our total liability related to warranties was $0.1 million and $0.1 million at December 31, 2015 and 2014, respectively. During the ordinary course of business, we also provide standby letters of credit or other guarantee instruments to certain parties as required for certain transactions initiated by us or our subsidiaries. As of December 31, 2015, the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately $6.0 million. We have not recorded any liability in connection with these guarantee arrangements. We do not believe, based on historical experience and information currently available, that it is likely that any amounts will be required to be paid under these guarantee arrangements.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires the use of estimates and assumptions by management in determining the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Examples of a few such estimates include potential future adjustments as a result of contingent consideration arrangements pursuant to business combinations and other contractual agreements, revenue and income recognized on the percentage-of-completion method, estimates of the amount and timing of costs to be incurred for asset retirement obligations, any valuation allowance recorded on net deferred tax assets, warranty and allowance for doubtful accounts. Actual results could materially differ from those estimates.
Commitments and Contingencies, Policy [Policy Text Block]	Accounting for Contingencies We have contingent liabilities and future claims for which we have made estimates of the amount of the eventual cost to liquidate these liabilities or claims. These liabilities and claims sometimes involve threatened or actual litigation where damages have been quantified and we have made an assessment of our exposure and recorded a provision in our accounts to cover an expected loss. Other claims or liabilities have been estimated based on their fair value or our experience in these matters and, when appropriate, the advice of outside counsel or other outside experts. Upon the ultimate resolution of these uncertainties, our future reported financial results will be impacted by the difference between our estimates and the actual amounts paid to settle a liability. Examples of areas where we have made important estimates of future liabilities include future consideration due sellers as a result of the terms of a business combination, litigation, taxes, interest, insurance claims, warranty claims and contract claims and obligations.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board (the FASB), which are adopted by us as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on our consolidated financial statements upon adoption. In November 2015, the FASB issued Accounting Standards Update (ASU) 2015-17, Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (ASU 2015-17). This new standard requires companies to classify all deferred tax assets and liabilities as noncurrent on the balance sheet instead of separating deferred taxes into current and noncurrent amounts. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by this guidance. Effective with our annual report for the period ending December 31, 2015, we have adopted the provisions of ASU 2015-17 prospectively to classify all deferred tax assets and liabilities as noncurrent. For further discussion, please see Note 12 – Income Taxes. In April 2015, the FASB issued ASU 2015-03 "Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs" (ASU 2015-03). ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that such costs be presented as a deduction from the corresponding debt liability. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2015 and interim periods within the reporting periods and requires retrospective presentation. Early adoption is permitted. We plan to adopt the standard in the first quarter of 2016. As of December 31, 2015, we had debt issuance costs totaling $9.4 million, which are included in Prepaid expenses and other current assets ($2.6 million) and Other non-current assets ($6.8 million) on the accompanying consolidated balance sheets. A portion of these costs relate to revolving lines of credit, and will accordingly continue to be included in Prepaid expenses and other current assets or Other non-current assets. In May 2014, the FASB issued ASU 2014-09 establishing Accounting Standards Codification (ASC) Topic 606, "Revenue from Contracts with Customers" (ASC 606). ASC 606 establishes a comprehensive new revenue recognition model designed to depict the transfer of goods or services to a customer in an amount that reflects the consideration the entity expects to be entitled to receive in exchange for those goods or services and requires significantly enhanced revenue disclosures. The standard is effective for annual reporting periods beginning after December 15, 2017. Accordingly, we plan to adopt this standard in the first quarter of 2018. ASC 606 allows either full retrospective or modified retrospective transition, and early adoption is not permitted. We continue to evaluate both the impact of this new standard on our financial statements and the transition method we will utilize for adoption.

Note 3 - Impairment Charges (Tables)

12 Months Ended

Dec. 31, 2015

Asset Impairment Charges [Table Text Block]

	Canada		Australia		U.S. and Other		Total
Quarter ended March 31, 2015
Long-lived assets	$	--	$	--	$	2,738	$	2,738
Quarter ended June 30, 2015
Long-lived assets		--		9,473		--		9,473
Quarter ended September 30, 2015
Goodwill		43,194		--		--		43,194
Long-lived assets		23,041		23,980		18,040		65,061
Intangible assets		--		--		2,460		2,460
Total	$	66,235	$	33,453	$	23,238	$	122,926

	Canada		Australia		U.S. and Other		Total
Quarter ended June 30, 2014
Long-lived assets	$	--	$	--	$	2,621	$	2,621
Intangible assets		--		8,989		--		8,989
Quarter ended December 31, 2014
Goodwill		--		186,097		16,632		202,729
Long-lived assets		17,197		--		55,776		72,973
Intangible assets		--		--		3,196		3,196
Total	$	17,197	$	195,086	$	78,225	$	290,508

Note 5 - Details of Selected Balance Sheet Accounts (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	2015			2014
Accounts receivable, net:
Trade	$	44,650		$	124,198
Unbilled revenue		16,649			38,487
Other		1,289			1,611
Total accounts receivable		62,588			164,296
Allowance for doubtful accounts		(1,121	)		(4,043	)
Total accounts receivable, net	$	61,467		$	160,253

Schedule of Inventory, Current [Table Text Block]

	2015		2014
Inventories:
Finished goods and purchased products	$	1,854	$	2,814
Work in process		1,260		4,790
Raw materials		2,517		5,624
Total inventories	$	5,631	$	13,228

Property, Plant and Equipment [Table Text Block]

	Estimated Useful Life (in years)		2015			2014
Property, plant and equipment, net:
Land			$	47,825		$	55,365
Accommodations assets		3-15		1,482,842			1,687,033
Buildings and leasehold improvements		3-20		29,099			40,256
Machinery and equipment		4-15		9,183			12,117
Office furniture and equipment		3-7		29,172			32,181
Vehicles		3-5		15,412			19,128
Construction in progress				52,558			70,603
Total property, plant and equipment				1,666,091			1,916,683
Accumulated depreciation				(734,177	)		(668,253	)
Total property, plant and equipment, net			$	931,914		$	1,248,430

Schedule of Accrued Liabilities [Table Text Block]

	2015		2014
Accrued liabilities:
Accrued compensation	$	11,726	$	15,273
Accrued taxes, other than income taxes		963		1,567
Accrued interest		12		60
Other		2,133		5,612
Total accrued liabilities	$	14,834	$	22,512

Note 6 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	2015			2014			2013
Basic Earnings per Share
Net income (loss) attributable to Civeo	$	(131,759	)	$	(189,043	)	$	181,876
Less: undistributed net income (loss) to participating securities		--			921			(743	)
Net income (loss) attributable to Civeo’s common shareholders - basic	$	(131,759	)	$	(188,122	)	$	181,133

Weighted average common shares outstanding - basic		106,604			106,306			106,293

Basic earnings (loss) per share	$	(1.24	)	$	(1.77	)	$	1.70

Diluted Earnings per Share
Net income (loss) attributable to Civeo’s common shareholders – basic	$	(131,759	)	$	(188,122	)	$	181,133
Less: undistributed net income (loss) to participating securities		--			--			1
Net income (loss) attributable to Civeo’s common shareholders - diluted	$	(131,759	)	$	(188,122	)	$	181,134


Weighted average common shares outstanding - basic		106,604			106,306			106,293
Effect of dilutive securities (1 )		--			--			167
Weighted average common shares outstanding - diluted		106,604			106,306			106,460

Diluted earnings (loss) per share	$	(1.24	)	$	(1.77	)	$	1.70

Note 7 - Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

	2015			2014		2013

Interest (net of amounts capitalized)	$	21,385		$	14,444	$	43,610
Income taxes paid, net of refunds		(5,169	)		43,237		65,875

Note 8 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Goodwill [Table Text Block]

	Canadian			Australian			U.S.			Total
Balance as of December 31, 2013	$	49,485		$	194,939		$	16,632		$	261,056
Foreign currency translation		(4,225	)		(8,842	)		--			(13,067	)
Goodwill impairment		--			(186,097	)		(16,632	)		(202,729	)
Balance as of December 31, 2014	$	45,260		$	--		$	--		$	45,260
Foreign currency translation		(2,066	)		--			--			(2,066	)
Goodwill impairment		(43,194	)		--			--			(43,194	)
Balance as of December 31, 2015	$	--		$	--		$	--		$	--

Schedule of Indefinite-Lived Intangible Assets [Table Text Block]

	AS OF DECEMBER 31,
	2015					2014
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets
Customer relationships	$	43,668	$	(26,278	)	$	47,611	$	(21,740	)
Contracts / agreements		35,769		(17,885	)		40,120		(16,048	)
Noncompete agreements		795		(790	)		809		(680	)
Total amortizable intangible assets	$	80,232	$	(44,953	)	$	88,540	$	(38,468	)

Indefinite-Lived Intangible Assets Not Subject to Amortization
Water rights	$	--	$	--		$	777	$	--
Licenses		30		--			33		--
Total indefinite-lived intangible assets		30		--			810		--
Total intangible assets	$	80,262	$	(44,953	)	$	89,350	$	(38,468	)

Note 9 - Debt (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Long-term Debt Instruments [Table Text Block]

	2015		2014
U.S. term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter beginning December 31, 2015; weighted average interest rate of 2.7% for the twelve month period ended December 31, 2015	$	49,375	$	775,000
Canadian term loan, which matures on May 28, 2019; 1.25% of aggregate principal repayable per quarter beginning December 31, 2015; weighted average interest rate of 3.5% for the twelve month period ended December 31, 2015		300,165		--
U.S. revolving credit facility, which matures on May 28, 2019, with available commitments up to $50.0 million; no borrowings outstanding as of December 31, 2015		--		--
Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $125.0 million; weighted average interest rate of 3.7% for the twelve month period ended December 31, 2015		52,020		--
Canadian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding as of December 31, 2015		--		--
Australian revolving credit facility, which matures on May 28, 2019, with available commitments up to $100.0 million; no borrowings outstanding as of December 31, 2015		--		--
Total debt		401,560		775,000
Less: Current portion of long-term debt		17,698		19,375
Long-term debt, less current maturities	$	383,862	$	755,625

Schedule of Maturities of Long-term Debt [Table Text Block]

2016	$	17,698
2017		17,698
2018		17,698
2019		348,466
	$	401,560

Schedule Of Changes In Maximum Leverage Ratio [Table Text Block]

Period Ended	Maximum Leverage Ratio

December 31, 2015	4.00 : 1.00
March 31, 2016	4.25 : 1.00
June 30, 2016	5.25 : 1.00
September 30, 2016	5.50 : 1.00
December 31, 2016	5.50 : 1.00
March 31, 2017	5.25 : 1.00
June 30, 2017	5.25 : 1.00
September 30, 2017	5.00 : 1.00
December 31, 2017	5.00 : 1.00
March 31, 2018	4.75 : 1.00
June 30, 2018	3.75 : 1.00
September 30, 2018 & thereafter	3.50 : 1.00

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Note 11 - Asset Retirement Obligations (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Asset Retirement Obligations [Table Text Block]

	2015		2014

Asset retirement obligations	$	17,299	$	21,610
Less: Asset retirement obligations due within one year*		--		--
Long-term asset retirement obligations	$	17,299	$	21,610

Schedule of Change in Asset Retirement Obligation [Table Text Block]

	2015			2014			2013
Balance as of January 1	$	21,610		$	6,095		$	5,518
Accretion of discount		1,292			336			350
New obligations		81			797			566
Change in estimates of existing obligations		(2,366	)		14,838			34
Settlement of obligations		(132	)		--			--
Foreign currency translation		(3,186	)		(456	)		(373	)
Balance as of December 31	$	17,299		$	21,610		$	6,095

Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	2015			2014			2013
Canada operations	$	(73,691	)	$	119,509		$	205,408
Foreign operations		(90,062	)		(275,792	)		33,960
Total	$	(163,753	)	$	(156,283	)	$	239,368

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2015			2014		2013
Current:
Canada	$	(820	)	$	27,046	$	44,611
Foreign		1,906			--		(163	)
Total	$	1,086		$	27,046	$	44,448

Deferred:
Canada	$	(2,707	)	$	23	$	1,117
Foreign		(31,468	)		4,310		10,490
Total	$	(34,175	)	$	4,333	$	11,607

Total Provision (Benefit)	$	(33,089	)	$	31,379	$	56,055

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2015					2014					2013
Federal tax provision (benefit) at statutory rates	$	(44,213	)	27.0	%	$	(54,699	)	35.0	%	$	83,778		35.0	%
Effect of foreign income tax, net		(15,088	)	9.2	%		(10,599	)	6.8	%		(27,051	)	(11.3	)%
Goodwill impairment		11,533		(7.0	)%		19,798		(12.7	)%		--		--
Valuation allowance		11,189		(6.8	)%		51,369		(32.9	)%		--		--
Tax on future unremitted earnings		(25,306	)	15.4	%		26,077		(16.7	)%		--		--
Tax effects of restructuring		17,600		(10.8	)%		--		--			--		--
Deemed income from foreign subsidiaries		4,190		(2.6	)%		--		--			--		--
Enacted tax rate change		3,332		(2.0	)%		--		--			--		--
Other, net		3,674		(2.2	)%		(567	)	0.4	%		(671	)	(0.3	)%
Net income tax provision (benefit)	$	(33,089	)	20.2	%	$	31,379		(20.1	)%	$	56,056		23.4	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2015			2014
Deferred tax assets:
Net operating loss	$	12,528		$	5,540
Foreign tax credits		58,906			--
Allowance for doubtful accounts		--			1,347
Employee benefits		5,326			2,074
Deductible goodwill and other intangibles		43,857			45,858
Other reserves		6,342			4,329
Unearned revenue		2,894			4,491
Other		1,893			2,478
Deferred tax assets		131,746			66,117
Valuation allowance		(115,087	)		(49,523	)
Deferred tax assets, net	$	16,659		$	16,594
Deferred tax liabilities:
Depreciation	$	(41,312	)	$	(60,558	)
Investment		(738	)		(26,044	)
Deferred tax liabilities		(42,050	)		(86,602	)
Net deferred tax liability	$	(25,391	)	$	(70,008	)

Schedule of Deferred Tax Reclassifications [Table Text Block]

	2015			2014 (as reported)			2014 (under ASU 2015-17)

Current deferred tax asset	$	--		$	4,620		$	--
Current deferred tax liability		--			(21,452	)		--
Long-term deferred tax asset		--			2,324			--
Long-term deferred tax liability		(25,391	)		(55,500	)		(70,008	)
Net deferred tax liability	$	(25,391	)	$	(70,008	)	$	(70,008	)

Summary Of Operating Loss and Tax Credit Carry forwards [Table Text Block]

	Amount		Expiration Period
Net operating loss carryforwards:
Canada	$	18,853	Begins to expire in 2035
Australia	20,275		Does not expire
U.S. – Federal		--
U.S. – State		37,530	Begins to expire in 2022
Foreign tax credit carryforwards:
U.S.		58,906	Begins to expire in 2025

Summary of Valuation Allowance [Table Text Block]

	Foreign Tax Credits			Deferred Tax Assets			Other			Total
Balance as of December 31, 2014	$	--		$	(49,523	)	$	--		$	(49,523	)
Change in income tax provision		--			(9,834	)		(1,355	)		(11,189	)
Tax effects of restructuring		(58,906	)					--			(58,906	)
Other change		--			(309	)		(545	)		(854	)
Foreign currency translation		--			5,367			18			5,385
Balance as of December 31, 2015	$	(58,906	)	$	(54,299	)	$	(1,882	)	$	(115,087	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	2015		2014		2013
Balance as of January 1	$	679	$	679	$	679
Additions for tax positions of prior years		--		--		--
Reductions for tax positions of prior years		--		--		--
Reductions for settlements		--		--		--
Lapse of the applicable statute of limitations		--		--		--
Balance as of December 31	$	679	$	679	$	679

Note 13 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

2016	$	4,581
2017		4,227
2018		3,409
2019		2,947
2020		2,717
Thereafter		9,581
	$	27,462

Note 15 - Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	2014 (prior to Spin-Off)			2013
Risk-free weighted interest rate		1.27	%		0.6	%
Expected life (in years)		4.1			4.1
Expected volatility		38	%		44	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Options			Weighted Average Exercise Price Per Share		Weighted Average Contractual Life (Years)		Intrinsic Value (Thousands)
Outstanding Options at May 30, 2014		554,738		$	11.14
Granted		--			--
Exercised		(12,628	)		11.95
Forfeited / Expired		(9,184	)		16.43
Outstanding Options at December 31, 2014		532,926		$	11.03		3.4	$	66,130
Granted		--			--
Exercised		(137,771	)		3.63
Forfeited / Expired		(4,821	)		16.43
Outstanding Options at December 31, 2015		390,334		$	13.58		3.5	$	--

Exercisable Options at December 31, 2015		327,201		$	12.43		2.8	$	--

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

				Options Outstanding						Options Exercisable
Range of Exercise Prices				Number Outstanding as of December 31, 2015		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable as of December 31, 2015		Weighted Average Exercise Price

$		8.21			174,508		0.13	$	8.21		174,508	$	8.21
$		16.43			93,561		5.13	$	16.43		93,561	$	16.43
$		17.48			51,087		7.14	$	17.48		24,682	$	17.48
$		18.43			34,441		6.13	$	18.43		25,257	$	18.43
$		21.87			36,737		8.13	$	21.87		9,193	$	21.87
$	8.21	-	21.87		390,334		3.53	$	13.58		327,201	$	12.43

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Number of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at May 30, 2014		435,999		$	18.87
Granted		188,005			21.14
Vested		(19,358	)		13.87
Forfeited		(27,764	)		18.75
Nonvested shares at December 31, 2014		576,882		$	19.78
Granted		1,208,642			3.61
Vested		(248,215	)		18.17
Forfeited		(223,745	)		7.54
Nonvested shares at December 31, 2015Total amortizable intangible assets		1,313,564		$	7.29

Note 16 - Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Total Revenues			Less: Intersegment Revenues			Revenues from unaffiliated customers		Depreciation and amortization			Operating income (loss)			Capital expenditures			Total assets
2015
Canada	$	344,249		$	--		$	344,249	$	89,269		$	(73,215	)	$	41,446		$	579,816
Australia		135,964			--			135,964		51,392			(24,817	)		12,160			424,731
United States		40,146			(2,396	)		37,750		11,833			(40,083	)		2,170			71,710
Corporate, stand-alone adjustments and eliminations		(2,396	)		2,396			--		496			(6,888	)		6,675			(5,045	)
Total	$	517,963		$	--		$	517,963	$	152,990		$	(145,003	)	$	62,451		$	1,071,212

2014
Canada	$	661,721		$	(305	)	$	661,416	$	91,893		$	106,580		$	218,620		$	1,024,990
Australia		213,279			--			213,279		62,924			(155,851	)		24,907			669,789
United States		123,328			(55,132	)		68,196		20,281			(86,959	)		10,901			135,681
Corporate, stand-alone adjustments and eliminations		(55,437	)		55,437			--		(128	)		(6,661	)		(3,270	)		(1,299	)
Total	$	942,891		$	--		$	942,891	$	174,970		$	(142,891	)	$	251,158		$	1,829,161

2013
Canada	$	714,136		$	(3,598	)	$	710,538	$	85,180		$	190,470		$	155,556		$	993,729
Australia		255,457			--			255,457		64,691			75,197			75,935			894,227
United States		91,311			(16,202	)		75,109		17,488			(3,320	)		61,989			234,049
Corporate, stand-alone adjustments and eliminations		(19,800	)		19,800			--		(146	)		(2,891	)		(1,786	)		1,232
Total	$	1,041,104		$	--		$	1,041,104	$	167,213		$	259,456		$	291,694		$	2,123,237

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	Canada		Australia		U.S. and Other		Total
2015
Revenues from unaffiliated customers	$	344,249	$	135,964	$	37,750	$	517,963
Long-lived assets		532,419		390,623		56,935		979,977

2014
Revenues from unaffiliated customers	$	661,416	$	213,279	$	68,196	$	942,891
Long-lived assets		746,983		519,777		96,120		1,362,880

2013
Revenues from unaffiliated customers	$	710,538	$	255,457	$	75,109	$	1,041,104
Long-lived assets		664,466		810,645		198,594		1,673,705

Note 17 - Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Cash Flow Statement [Table Text Block]

	2014			2013
Cash transfers and general financing activities	$	(13,255	)	$	29,098
Services received or funding for expenditures		41,725			130,159
Corporate allocations, including income tax provision (1)		3,950			7,216
Net increase in Oil States net investment	$	32,420		$	166,473

Note 18 - Valuation Accounts (Tables)

12 Months Ended

Dec. 31, 2015

Summary Of Valuation And Qualifying Accounts [Table Text Block]

	Balance at Beginning of Period		Charged to Costs and Expenses		Deductions (Net of Recoveries)			Translation and Other, Net			Balance at End of Period

Year Ended December 31, 2015:
Allowance for doubtful accounts receivable	$	4,043	$	1,004	$	(3,844	)	$	(82	)	$	1,121
Valuation allowance for deferred tax assets		49,523		70,095		--			(4,531	)		115,087

Year Ended December 31, 2014:
Allowance for doubtful accounts receivable	$	3,656	$	503	$	(51	)	$	(65	)	$	4,043
Valuation allowance for deferred tax assets		--		49,523		--			--			49,523

Year Ended December 31, 2013:
Allowance for doubtful accounts receivable	$	1,118	$	2,628	$	(7	)	$	(83	)	$	3,656

Note 19 - Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Quarterly Financial Information [Table Text Block]

	First Quarter (2)			Second Quarter (3)			Third Quarter (4)			Fourth Quarter (5)
2015
Revenues	$	170,987		$	143,147		$	106,544		$	97,285
Gross profit (1)		68,076			53,723			36,793			31,758
Net income (loss) attributable to Civeo		(16	)		(13,461	)		(107,685	)		(10,597	)
Basic earnings (loss) per share		0.00			(0.13	)		(1.01	)		(0.10	)
Diluted earnings (loss) per share		0.00			(0.13	)		(1.01	)		(0.10	)

2014
Revenues	$	252,799		$	227,133		$	243,265		$	219,694
Gross profit (1)		109,289			93,828			106,164			88,689
Net income attributable to Civeo		36,239			13,949			32,403			(271,634	)
Basic earnings per share		0.34			0.13			0.30			(2.54	)
Diluted earnings per share		0.34			0.13			0.30			(2.54	)

Note 1 - Description of Business and Basis of Presentation (Details Textual)				1 Months Ended	3 Months Ended		12 Months Ended
	Jul. 17, 2015 shares	May 28, 2014 USD ($)	May 21, 2014	May 30, 2014 shares	Sep. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	May 05, 2014
Intangible Asset Associated with the MAC Brand [Member] \| Australian Segment [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure						$ 0
Australian Segment [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)						8,989,000
Spinoff [Member] \| Common Stock, Civeo [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio			2
Spinoff [Member] \| Common Stock, Oil States [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio			1
Spinoff [Member] \| Cash [Member]
Payments of Distributions to Affiliates		$ 750,000,000
Spinoff [Member]
Stock Issued During Period, Shares, New Issues \| shares				106,538,044
Civeo Canada [Member]
Common Stock Conversion Ratio	1
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued \| shares	107,500,000
Revolving Credit Facility [Member] \| Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		650,000,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 650,000,000
Debt Instrument, Term		5 years
Credit Facility [Member] \| US Term Loan [Member]
Debt Instrument, Face Amount		$ 775,000,000
Credit Facility [Member]
Debt Instrument, Face Amount		$ 1,400,000,000
Amended Credit Facility [Member]
Credit Facility Costs Incurred							$ 5,500,000
Deferred Finance Costs, Net							4,800,000
Interest Expense							$ 700,000
US Term Loan [Member]
Debt Instrument, Term		5 years
Number of Reportable Segments							3
Number of Companies Separated in Spin-off										2
Payments of Distributions to Affiliates								$ 750,000,000
Substantial Business Activity Threshold	25.00%
Approximate Percentage of Operations in Canada	50.00%
Redomicile Transaction, Costs Incurred							$ 7,000,000	2,600,000
Deferred Finance Costs, Net							9,400,000
Interest Expense							22,585,000	14,396,000	$ 6,029,000
Gains (Losses) on Extinguishment of Debt					$ (1,500,000)	(3,500,000)	$ (1,474,000)	(3,455,000)	$ (1,207,000)
Costs Incurred, Development Costs								$ 4,350,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)						$ 8,989,000

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Imperial Oil [Member]
Concentration Risk, Percentage	10.00%	10.00%	10.00%
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Fort Hills Energy LP [Member]
Concentration Risk, Percentage	10.00%
Sales Revenue, Net [Member] \| Customer Concentration Risk [Member] \| Billiton Mitsubishi Alliance [Member]
Concentration Risk, Percentage	10.00%		10.00%
Minimum [Member]
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	6.5
Maximum [Member]
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple	9.5
Foreign Bank Deposits [Member]
Foreign Currency Transaction Gain (Loss), Realized	$ 9,000,000	$ 200,000	$ 1,300,000
Prepaid Expenses and Other Current Assets [Member]
Deferred Finance Costs, Net	2,600,000
Other Noncurrent Assets [Member]
Deferred Finance Costs, Net	6,800,000
Guarantor Obligations, Current Carrying Value	0
Interest Costs Capitalized	$ 1,600,000	2,300,000	$ 800,000
Number of Reportable Segments	3
Fair Value Inputs, Long-term Revenue Growth Rate	3.00%
Product Warranty Accrual	$ 100,000	$ 100,000
Guarantor Obligations, Maximum Exposure, Undiscounted	6,000,000
Deferred Finance Costs, Net	$ 9,400,000

Note 3 - Impairment Charges (Details Textual) - USD ($)	3 Months Ended						12 Months Ended
Note 3 - Impairment Charges (Details Textual) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Johnstown Facility [Member]
Disposal Group, Including Discontinued Operation, Assets, Current				$ 8,700,000
Impairment of Long-Lived Assets to be Disposed of				2,700,000
Inventory Write-down				1,100,000
Proceeds from Sale of Property, Plant, and Equipment	$ 8,900,000
Australian Segment [Member] \| Intangible Asset Associated with the MAC Brand [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure						$ 0
Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use		$ 23,980,000	$ 9,473,000
Goodwill, Impairment Loss					$ 186,097,000
Asset Impairment Charges							$ 33,453,000	$ 195,086,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)						8,989,000
Canadian Segment [Member] \| Impaired Long-lived Asset with Impairment Not Due to an Error Correction [Member]
Impairment of Long-Lived Assets Held-for-use		11,100,000
Canadian Segment [Member] \| Asset Impairment Fourth Quarter of 2014 [Member]
Impairment of Long-Lived Assets Held-for-use		11,900,000
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use		23,041,000			17,197,000
Goodwill		0
Goodwill, Impairment Loss		43,194,000
Asset Impairment Charges							66,235,000	17,197,000
US Segment [Member] \| Assets Excluding Goodwill [Member]
Asset Impairment Charges					59,000,000
US Segment [Member]
Impairment of Long-Lived Assets Held-for-use		18,000,000			55,800,000
Goodwill, Impairment Loss					16,600,000
Asset Impairment Charges		20,500,000
Impairment of Intangible Assets, Finite-lived		2,500,000			3,200,000
Assets Excluding Goodwill [Member]
Asset Impairment Charges					76,200,000
MEXICO
Asset Impairment Charges						2,600,000
Impairment of Long-Lived Assets to be Disposed of				$ 2,738,000
Inventory Write-down							1,015,000
Proceeds from Sale of Property, Plant, and Equipment							12,683,000	12,086,000	$ 7,488,000
Impairment of Long-Lived Assets Held-for-use		65,061,000	$ 9,473,000		72,973,000	2,621,000
Goodwill					45,260,000			45,260,000
Goodwill, Impairment Loss		43,194,000			202,729,000
Asset Impairment Charges							$ 122,926,000	$ 290,508,000
Impairment of Intangible Assets, Finite-lived		$ 2,460,000			$ 3,196,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)						$ 8,989,000

Note 3 - Summary of Pre-tax Impairment Charges Included in Impairment Expense (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
US Segment and Other [Member]
Long-lived assets		$ 2,738
Long-lived assets	$ 18,040		$ 55,776	$ 2,621
Goodwill			16,632
Intangible assets	2,460		3,196
Total					$ 23,238	$ 78,225
Australian Segment [Member]
Long-lived assets	23,980
Goodwill			186,097
Total					33,453	195,086
Intangible assets				8,989
Canadian Segment [Member]
Long-lived assets	23,041		17,197
Goodwill	43,194
Total					66,235	17,197
Long-lived assets		$ 2,738
Long-lived assets	65,061		72,973	2,621
Goodwill	43,194		202,729
Intangible assets	$ 2,460		$ 3,196
Total					$ 122,926	$ 290,508
Intangible assets				$ 8,989

Note 5 - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	$ 44,650	$ 124,198
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	16,649	38,487
Other Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	1,289	1,611
Accounts Receivable, Gross, Current	62,588	164,296
Allowance for doubtful accounts	(1,121)	(4,043)
Total accounts receivable, net	$ 61,467	$ 160,253

Note 5 - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Inventories:
Finished goods and purchased products	$ 1,854	$ 2,814
Work in process	1,260	4,790
Raw materials	2,517	5,624
Total inventories	$ 5,631	$ 13,228

Note 5 - Property, Plant and Equipment (Details)	12 Months Ended
Note 5 - Property, Plant and Equipment (Details)	Dec. 31, 2015
Accommodations Assets [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Accommodations Assets [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life	15 years
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life	20 years
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life	4 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life	15 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life	7 years
Vehicles [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life	3 years
Vehicles [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life	5 years

Note 5 - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accrued liabilities:
Accrued compensation	$ 11,726	$ 15,273
Accrued taxes, other than income taxes	963	1,567
Accrued interest	12	60
Other	2,133	5,612
Total accrued liabilities	$ 14,834	$ 22,512

Note 6 - Earnings Per Share (Details Textual)	May 30, 2014 shares
Spinoff [Member] \| Common Stock, Civeo [Member]
Common Stock, Shares, Issued	106,538,044

Note 6 - Calculation of Earnings Per Share (Details) - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Basic Earnings per Share

Net income (loss) attributable to Civeo

$ (131,759)

$ (189,043)

$ 181,876

Less: undistributed net income (loss) to participating securities

921

(743)

Net income (loss) attributable to Civeo’s common shareholders - basic

$ (131,759)

$ (188,122)

$ 181,133

Weighted average common shares outstanding - basic (in shares)

106,604

106,306

106,293

Basic earnings (loss) per share (in dollars per share)

$ (1.24)

$ (1.77)

$ 1.70

Diluted Earnings per Share

Net income (loss) attributable to Civeo’s common shareholders – basic

$ (131,759)

$ (188,122)

$ 181,133

Less: undistributed net income (loss) to participating securities

Net income (loss) attributable to Civeo’s common shareholders - diluted

$ (131,759)

$ (188,122)

$ 181,134

Weighted average common shares outstanding - basic (in shares)

106,604

106,306

106,293

Effect of dilutive securities (1) (in shares)

^[1]

167

Weighted average common shares outstanding - diluted (in shares)

106,604

106,306

106,460

Diluted earnings (loss) per share (in dollars per share)

$ (1.24)

$ (1.77)

$ 1.70

[1]

Note 7 - Supplemental Cash Flow Information (Details Textual) $ in Millions	1 Months Ended
	May 30, 2014 USD ($)
Repayments Of Debt Non Cash Capital Contribution	$ 336.8

Note 7 - Cash Paid for Interest and Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest (net of amounts capitalized)	$ 21,385	$ 14,444	$ 43,610
Income taxes paid, net of refunds	$ (5,169)	$ 43,237	$ 65,875

Note 8 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets, Amortization Expense, Year Three	$ 7.0
Finite-Lived Intangible Assets, Amortization Expense, Year Four	7.0
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 7.0
Finite-Lived Intangible Assets, Remaining Amortization Period	5 years 36 days	6 years 36 days
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 7.1
Finite-Lived Intangible Assets, Amortization Expense, Year Two	7.0
Amortization of Intangible Assets	$ 7.6	$ 9.6	$ 10.2

Note 8 - Goodwill Carrying Amount (Details) - USD ($)	12 Months Ended
Note 8 - Goodwill Carrying Amount (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Canadian Segment [Member]
Balance	$ 45,260,000	$ 49,485,000
Foreign currency translation	(2,066,000)	(4,225,000)
Goodwill impairment	(43,194,000)	0
Balance	0	45,260,000
Australian Segment [Member]
Balance	0	194,939,000
Foreign currency translation	0	(8,842,000)
Goodwill impairment	0	(186,097,000)
Balance	0	0
US Segment [Member]
Balance	0	16,632,000
Foreign currency translation	0	0
Goodwill impairment	0	(16,632,000)
Balance	0	0
Balance	45,260,000	261,056,000
Foreign currency translation	(2,066,000)	(13,067,000)
Goodwill impairment	(43,194,000)	(202,729,000)
Balance	$ 0	$ 45,260,000

Note 8 - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Customer Relationships [Member]
Amortizable Intangible Assets, Gross Carrying Amount	$ 43,668	$ 47,611
Amortizable Intangible Assets, Accumulated Amortization	(26,278)	(21,740)
Total intangible assets, accumulated amortization	(26,278)	(21,740)
Customer Contracts [Member]
Amortizable Intangible Assets, Gross Carrying Amount	35,769	40,120
Amortizable Intangible Assets, Accumulated Amortization	(17,885)	(16,048)
Total intangible assets, accumulated amortization	(17,885)	(16,048)
Noncompete Agreements [Member]
Amortizable Intangible Assets, Gross Carrying Amount	795	809
Amortizable Intangible Assets, Accumulated Amortization	(790)	(680)
Total intangible assets, accumulated amortization	(790)	(680)
Water Rights [Member]
Indefinite-Lived Intangible Assets Not Subject to Amortization		777
Licenses and Other [Member]
Indefinite-Lived Intangible Assets Not Subject to Amortization	30	33
Amortizable Intangible Assets, Gross Carrying Amount	80,232	88,540
Amortizable Intangible Assets, Accumulated Amortization	(44,953)	(38,468)
Indefinite-Lived Intangible Assets Not Subject to Amortization	30	810
Total Intangible Assets, Gross Carrying Amount	80,262	89,350
Total intangible assets, accumulated amortization	$ (44,953)	$ (38,468)

Note 9 - Debt (Details Textual) $ in Millions					3 Months Ended		12 Months Ended
Note 9 - Debt (Details Textual) $ in Millions	Feb. 18, 2016 USD ($)	Dec. 31, 2015 AUD ($)	Jul. 17, 2015 USD ($)	May 28, 2014 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2015 USD ($)
Bank Guarantee Facility [Member]
Long-term Line of Credit										$ 0
Letters of Credit Outstanding, Amount										0
Line of Credit Facility, Maximum Borrowing Capacity		$ 5.0
Bank Guarantee Outstanding		$ 1.3
US Revolving Credit Facility [Member] \| Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| US Term Loan [Member]
Repayment of Principal Provided	$ 25,000,000
US Revolving Credit Facility [Member] \| Second Amended Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000,000
US Revolving Credit Facility [Member] \| Amended Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 50,000,000
Canadian Credit Facility [Member] \| Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| Maximum [Member]
Leverage Ratio	1.5
Canadian Credit Facility [Member] \| Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Canadian Credit Facility [Member] \| Second Amended Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Increase (Decrease), Net	$ (25,000,000)
Debt Instrument, Interest Rate, Increase (Decrease)	0.25%
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000,000
Canadian Credit Facility [Member]
Letters of Credit Outstanding, Amount										4,400,000
Line of Credit Facility, Maximum Borrowing Capacity				$ 100,000,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 650,000,000
Debt Instrument, Term				5 years
U.S. Facility [Member]
Letters of Credit Outstanding, Amount										700,000
Line of Credit Facility, Maximum Borrowing Capacity				$ 450,000,000
Australian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				100,000,000
New Canadian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			125,000,000
Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| US Term Loan [Member]
Repayment of Principal Provided	$ 25,000,000
Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| Maximum [Member]
Leverage Ratio	1.5
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.13%
Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Second Amended Credit Facility [Member] \| Subsequent Event [Member] \| Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%
Second Amended Credit Facility [Member] \| Subsequent Event [Member]
Debt Instrument, Interest Rate, Increase (Decrease)	0.25%
Maximum Holding Cash Amount for Three Business Days	$ 40,000,000
Allocated to Civeo [Member] \| US Term Loan [Member]
Debt Instrument, Face Amount				$ 775,000,000
Amended Credit Facility [Member] \| US Term Loan [Member]
Repayment of Principal Provided			725,000,000
Amended Credit Facility [Member] \| Canadian Credit Facility [Member]
Debt Instrument, Face Amount			$ 325,000,000
Amended Credit Facility [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			4.00%
Amended Credit Facility [Member] \| Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.90%
Amended Credit Facility [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			2.00%
Amended Credit Facility [Member] \| Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			0.45%
Amended Credit Facility [Member]
Debt Instrument, Interest Rate, Increase (Decrease)			0.25%
Subsequent Event [Member] \| Line of Credit [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.00%
Subsequent Event [Member] \| Line of Credit [Member] \| Maximum [Member] \| Base Rate [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.00%
Subsequent Event [Member] \| Line of Credit [Member] \| Maximum [Member] \| Base Rate [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.00%
Subsequent Event [Member] \| Line of Credit [Member] \| Maximum [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.00%
Subsequent Event [Member] \| Line of Credit [Member] \| Maximum [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.00%
Subsequent Event [Member] \| Line of Credit [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Subsequent Event [Member] \| Line of Credit [Member] \| Minimum [Member] \| Base Rate [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Subsequent Event [Member] \| Line of Credit [Member] \| Minimum [Member] \| Base Rate [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Subsequent Event [Member] \| Line of Credit [Member] \| Minimum [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Subsequent Event [Member] \| Line of Credit [Member] \| Minimum [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Subsequent Event [Member]
Interest Coverage Ratio	3
US Term Loan [Member]
Debt Instrument, Term				5 years
Line of Credit [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate			2.00%
Maximum [Member]
Lender Commitments, Within Credit Agreement										143,200,000
Minimum [Member]
Lender Commitments, Within Credit Agreement										$ 1,600,000
Leverage Ratio		4
Gains (Losses) on Extinguishment of Debt					$ (1,500,000)	$ (3,500,000)	$ (1,474,000)	$ (3,455,000)	$ (1,207,000)
Number of Lenders		15								15

Note 9 - Long-term Debt (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
US Term Loan [Member]
Term loan	$ 49,375,000	$ 775,000,000
Canadian Term Loan [Member]
Term loan	300,165,000
US Revolving Credit Facility [Member]
Long-term Line of Credit	0
Canadian Credit Facility 1 [Member]
Long-term Line of Credit	52,020,000
Canadian Credit Facility 2 [Member]
Long-term Line of Credit	0
Australian Credit Facility [Member]
Long-term Line of Credit	0
Total debt	401,560,000	775,000,000
Less: Current portion of long-term debt	17,698,000	19,375,000
Long-term debt, less current maturities	$ 383,862,000	$ 755,625,000

Note 9 - Long-term Debt (Details) (Parentheticals) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
US Term Loan [Member]
Term loan, matures	May 28, 2019	May 28, 2019
Term loan, interest rate	1.25%	1.25%
Term loan, weighted-average interest rate	2.70%
Canadian Term Loan [Member]
Term loan, matures	May 28, 2019
Term loan, interest rate	1.25%
Term loan, weighted-average interest rate	3.50%
US Revolving Credit Facility [Member]
Maturity date	May 28, 2019
Line of Credit Facility, Maximum Borrowing Capacity	$ 50
Canadian Credit Facility 1 [Member]
Maturity date	May 28, 2019
Line of Credit Facility, Maximum Borrowing Capacity	$ 125
Line of credit facility, interest rate	3.70%
Canadian Credit Facility 2 [Member]
Maturity date	May 28, 2019
Line of Credit Facility, Maximum Borrowing Capacity	$ 100
Australian Credit Facility [Member]
Maturity date	May 28, 2019
Line of Credit Facility, Maximum Borrowing Capacity	$ 100

Note 9 - Long-term Debt Maturities (Details) $ in Thousands	Dec. 31, 2015 USD ($)
2016	$ 17,698
2017	17,698
2018	17,698
2019	348,466
Total Debt	$ 401,560

Note 9 - Changes to Maximum Leverage Ratio (Details)	Feb. 18, 2016
As of December 31, 2015 [Member] \| Subsequent Event [Member]
Leverage Ratio	4
March 31, 2016 [Member] \| Subsequent Event [Member]
Leverage Ratio	4.25
June 30, 2016 [Member] \| Subsequent Event [Member]
Leverage Ratio	5.25
September 30, 2016 [Member] \| Subsequent Event [Member]
Leverage Ratio	5.5
December 31, 2016 [Member] \| Subsequent Event [Member]
Leverage Ratio	5.5
March 31, 2017 [Member] \| Subsequent Event [Member]
Leverage Ratio	5.25
June 30, 2017 [Member] \| Subsequent Event [Member]
Leverage Ratio	5.25
September 30, 2017 [Member] \| Subsequent Event [Member]
Leverage Ratio	5
December 31, 2017 [Member] \| Subsequent Event [Member]
Leverage Ratio	5
March 31, 2018 [Member] \| Subsequent Event [Member]
Leverage Ratio	4.75
June 30, 2018 [Member] \| Subsequent Event [Member]
Leverage Ratio	3.75
September 30, 2018 & Thereafter [Member] \| Subsequent Event [Member]
Leverage Ratio	3.5

Note 10 - Retirement Plans (Details Textual) - USD ($)	12 Months Ended
Note 10 - Retirement Plans (Details Textual) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Deferred Profit Sharing Plan [Member] \| Canadian Segment [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 12,685
Deferred Compensation Arrangement with Individual, Requisite Service Period	2 years
Group Registered Retirement Savings Plan [Member] \| Canadian Segment [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount	$ 24,930
Australian Segment [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	9.50%
US Segment [Member] \| Minimum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	1.00%
US Segment [Member] \| Maximum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	75.00%
US Segment [Member] \| A 100% for First 4% Contributed [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	4.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
US Segment [Member] \| A 50% for the Next 2% Contributed [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50.00%
US Segment [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6.00%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	20.00%
Defined Contribution Plan, Cost Recognized	$ 9,600,000	$ 16,300,000	$ 18,600,000

Note 11 - Asset Retirement Obligations (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Asset Retirement Obligation, Accretion Expense	$ 1,292	$ 336	$ 350
Asset Retirement Obligation, Revision of Estimate	$ (2,366)	$ 14,838	$ 34

Note 11 - Asset Retirement Obligations (ARO) (Details) - USD ($)

Dec. 31, 2015

Dec. 31, 2014

Asset retirement obligations

$ 17,299,000

$ 21,610,000

Less: Asset retirement obligations due within one year*

^[1]

Long-term asset retirement obligations

$ 17,299,000

$ 21,610,000

[1]	Classified as a current liability on the consolidated balance sheets, under the caption "Other accruals."

Note 11 - Change in Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Balance, beginning	$ 21,610	$ 6,095	$ 5,518
Asset Retirement Obligation, Accretion Expense	1,292	336	350
New obligations	81	797	566
Asset Retirement Obligation, Revision of Estimate	(2,366)	14,838	34
Settlement of obligations	(132)
Foreign currency translation	(3,186)	(456)	(373)
Balance, ending	$ 17,299	$ 21,610	$ 6,095

Note 12 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
Note 12 - Income Taxes (Details Textual) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Foreign Tax Authority [Member] \| Australian Taxation Office [Member]
Liability for Uncertain Tax Positions, Current		$ 8,100,000
Foreign Tax Authority [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Tax Effects of Restructuring, Amount	$ 58,900,000
Deferred Tax Liabilities, Undistributed Foreign Earnings, Reversal	25,300,000
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Tax Effects of Restructuring, Amount	58,906,000
Deferred Tax Liabilities, Undistributed Foreign Earnings			$ 25,300,000
Unrecognized Tax Benefits	679,000		679,000	$ 679,000	$ 679,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	$ 300,000		$ 300,000

Note 12 - Consolidated Pre-tax Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Canada operations	$ (73,691)	$ 119,509	$ 205,408
Foreign operations	(90,062)	(275,792)	33,960
Total	$ (163,753)	$ (156,283)	$ 239,368

Note 12 - Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current:
Canada	$ (820)	$ 27,046	$ 44,611
Foreign	1,906		(163)
Total	1,086	27,046	44,448
Deferred:
Canada	(2,707)	23	1,117
Foreign	(31,468)	4,310	10,490
Total	(34,175)	4,333	11,607
Total Provision (Benefit)	$ (33,089)	$ 31,379	$ 56,055

Note 12 - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Federal tax provision (benefit) at statutory rates	$ (44,213)	$ (54,699)	$ 83,778
Federal tax provision (benefit) at statutory rates	27.00%	35.00%	35.00%
Effect of foreign income tax, net	$ (15,088)	$ (10,599)	$ (27,051)
Effect of foreign income tax, net	9.20%	6.80%	(11.30%)
Goodwill impairment	$ 11,533	$ 19,798
Goodwill impairment	(7.00%)	(12.70%)
Valuation allowance	$ 11,189	$ 51,369
Valuation allowance	(6.80%)	(32.90%)
Tax on future unremitted earnings	$ (25,306)	$ 26,077
Tax on future unremitted earnings	15.40%	(16.70%)
Tax effects of restructuring	$ 17,600
Tax effects of restructuring	(10.80%)
Deemed income from foreign subsidiaries	$ 4,190
Deemed income from foreign subsidiaries	(2.60%)
Enacted tax rate change	$ 3,332
Enacted tax rate change	(2.00%)
Other, net	$ 3,674	$ (567)	$ (671)
Other, net	(2.20%)	0.40%	(0.30%)
Net income tax provision (benefit)	$ (33,089)	$ 31,379	$ 56,055
Net income tax provision (benefit)	20.20%	(20.10%)	23.40%

Note 12 - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Net operating loss	$ 12,528	$ 5,540
Foreign tax credits	58,906
Allowance for doubtful accounts		1,347
Employee benefits	5,326	2,074
Deductible goodwill and other intangibles	43,857	45,858
Other reserves	6,342	4,329
Unearned revenue	2,894	4,491
Other	1,893	2,478
Deferred tax assets	131,746	66,117
Valuation allowance	(115,087)	(49,523)
Deferred tax assets, net	16,659	16,594
Depreciation	(41,312)	(60,558)
Investment	(738)	(26,044)
Deferred tax liabilities	(42,050)	(86,602)
Net deferred tax liability	$ (25,391)	$ (70,008)

Note 12 - Deferred Tax Reclassifications (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
New Accounting Pronouncement, Early Adoption, Effect [Member] \| Scenario, Previously Reported [Member]
Current deferred tax asset		$ 4,620
Current deferred tax liability		(21,452)
Long-term deferred tax asset		2,324
Long-term deferred tax liability		(55,500)
Net deferred tax liability		(70,008)
New Accounting Pronouncement, Early Adoption, Effect [Member] \| Restatement Adjustment [Member]
Long-term deferred tax liability		(70,008)
Net deferred tax liability		(70,008)
New Accounting Pronouncement, Early Adoption, Effect [Member]
Long-term deferred tax liability	$ (25,391)
Net deferred tax liability	(25,391)
Long-term deferred tax liability	(25,391)	(55,500)
Net deferred tax liability	$ (25,391)	$ (70,008)

Note 12 - NOL and Tax Credit Carryforwards (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Foreign Tax Authority [Member] \| Canada Revenue Agency [Member]
Canada	$ 18,853
Foreign Tax Authority [Member] \| Australian Taxation Office [Member]
Canada	20,275
State and Local Jurisdiction [Member]
Canada	37,530
Domestic Tax Authority [Member]
U.S.	$ 58,906

Note 12 - Changes in Valuation Allowance (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)
Foreign Tax Credits [Member] \| Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision
Foreign Tax Credits [Member] \| Deferred Tax Assets, Other [Member]
Change in income tax provision
Foreign Tax Credits [Member] \| Deferred Tax Assets, Foreign Currency Translation [Member]
Change in income tax provision
Foreign Tax Credits [Member]
Balance
Tax effects of restructuring	(58,906)
Balance	58,906
Valuation Allowance of Deferred Tax Assets [Member] \| Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision	(9,834)
Valuation Allowance of Deferred Tax Assets [Member] \| Deferred Tax Assets, Other [Member]
Change in income tax provision
Valuation Allowance of Deferred Tax Assets [Member] \| Deferred Tax Assets, Foreign Currency Translation [Member]
Change in income tax provision
Valuation Allowance of Deferred Tax Assets [Member]
Balance
Tax effects of restructuring
Balance	54,299
Valuation Allowance, Other Tax Carryforward [Member] \| Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision	(1,355)
Valuation Allowance, Other Tax Carryforward [Member] \| Deferred Tax Assets, Other [Member]
Change in income tax provision
Valuation Allowance, Other Tax Carryforward [Member] \| Deferred Tax Assets, Foreign Currency Translation [Member]
Change in income tax provision
Valuation Allowance, Other Tax Carryforward [Member]
Balance
Tax effects of restructuring
Balance	1,882
Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision	(11,189)
Deferred Tax Assets, Other [Member]
Change in income tax provision	(854)
Deferred Tax Assets, Foreign Currency Translation [Member]
Change in income tax provision	5,385
Balance	49,523
Tax effects of restructuring	(58,906)
Balance	$ 115,087

Note 12 - Unrecognized Tax Benefits (Details) - USD ($)	12 Months Ended
Note 12 - Unrecognized Tax Benefits (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Balance as of January 1	$ 679,000	$ 679,000	$ 679,000
Additions for tax positions of prior years
Reductions for tax positions of prior years	0	0	0
Reductions for settlements
Lapse of the applicable statute of limitations	0	0	0
Balance as of December 31	$ 679,000	$ 679,000	$ 679,000

Note 13 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Operating Leases, Rent Expense	$ 7.6	$ 8.4	$ 7.1

Note 13 - Minimum Future Operating Lease Obligations (Details) $ in Thousands	Dec. 31, 2015 USD ($)
2016	$ 4,581
2017	4,227
2018	3,409
2019	2,947
2020	2,717
Thereafter	9,581
Total Lease Obligations	$ 27,462

Note 14 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands, $ in Billions, $ in Billions	Dec. 31, 2015 CAD ($)	Dec. 31, 2015 AUD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax				$ 167,800
Accumulated Other Comprehensive Income (Loss), Net of Tax			$ (366,309)	$ (198,491)
Translation Adjustment Functional to Reporting Currency, Net of Tax	$ 0.2	$ 0.5

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

Canadian Segment [Member]

Note 15 - Stock Based Compensation (Details Textual) - USD ($)				3 Months Ended	7 Months Ended	9 Months Ended	12 Months Ended
	Feb. 11, 2015	May 30, 2014	May 29, 2014	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Restricted Stock and Deferred Stock Awards [Member] \| Oil States [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised		94,936
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		20,000
Restricted Stock and Deferred Stock Awards [Member] \| Subsequent to Spin-Off [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value								$ 21.14
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value								$ 400,000
Restricted Stock and Deferred Stock Awards [Member] \| Converted Oil States Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		435,999
Restricted Stock and Deferred Stock Awards [Member] \| Cancelled Oil States Performance-Based Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		91,848
Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period		20,000			27,764		223,745
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition							2 years 146 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					188,005		1,208,642
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					$ 21.14		$ 3.61	$ 100.43	$ 80.25
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value							$ 900,000	$ 2,700,000	$ 1,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options							$ 7,100,000
Phantom Share Units (PSUs) [Member] \| Civeo Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	517,145
Phantom Share Units (PSUs) [Member] \| Canadian Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised						123,183
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	1,169,193			192,876
Phantom Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition							2 years 182 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period		4,337				565,706
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options							$ 1,800,000
Share-based Compensation Arrangement Other Than Options Liability Balance							700,000
Phantom Share Cash Payments					$ 3,900,000		$ 800,000	$ 3,900,000	1,400,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted			0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised			0
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Forfeitures and Expirations			0
Oil States [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			120,799
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate								0.00%
Subsequent to Spin-Off [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value								$ 200,000
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options								0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		554,738	0				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			0		12,628		137,771
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period			0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized							4,000,000
Allocated Share-based Compensation Expense							$ 5,600,000	8,900,000	6,400,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value							100,000	5,000,000	8,200,000
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options							100,000	$ 200,000	$ 600,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized							$ 200,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition							1 year 255 days

Note 15 - Valuation Assumptions of Stock Options (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Risk-free weighted interest rate	1.27%	0.60%
Expected life (in years)	4 years 36 days	4 years 36 days
Expected volatility	38.00%	44.00%

Note 15 - Stock Option Activity (Details) - USD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015
Outstanding Options (in shares)	554,738	532,926
Outstanding Options (in dollars per share)	$ 11.14	$ 11.03
Exercised (in shares)	(12,628)	(137,771)
Exercised (in dollars per share)	$ 11.95	$ 3.63
Forfeited / Expired (in shares)	(9,184)	(4,821)
Forfeited / Expired (in dollars per share)	$ 16.43	$ 16.43
Outstanding Options (in shares)	532,926	390,334
Outstanding Options (in dollars per share)	$ 11.03	$ 13.58
Outstanding Options at December 31, 2014	3 years 146 days	3 years 182 days
Outstanding Options at December 31, 2014	$ 66,130
Outstanding Options at December 31, 2015	3 years 146 days	3 years 182 days
Exercisable Options at December 31, 2015 (in shares)		327,201
Exercisable Options at December 31, 2015 (in dollars per share)		$ 12.43
Exercisable Options at December 31, 2015		2 years 292 days
Exercisable Options at December 31, 2015

Note 15 - Stock Options Outstanding (Details)	12 Months Ended
Note 15 - Stock Options Outstanding (Details)	Dec. 31, 2015 $ / shares shares
Exercise Price Range 1 [Member]
Range of Exercise Prices (in dollars per share)	$ 8.21
Options Outstanding Number Outstanding (in shares) \| shares	174,508
Options Outstanding Weighted Average Remaining Contractual Life	47 days
Options Exercisable Number Exercisable (in shares) \| shares	174,508
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 8.21
Exercise Price Range 2 [Member]
Range of Exercise Prices (in dollars per share)	$ 16.43
Options Outstanding Number Outstanding (in shares) \| shares	93,561
Options Outstanding Weighted Average Remaining Contractual Life	5 years 47 days
Options Exercisable Number Exercisable (in shares) \| shares	93,561
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 16.43
Exercise Price Range 3 [Member]
Range of Exercise Prices (in dollars per share)	$ 17.48
Options Outstanding Number Outstanding (in shares) \| shares	51,087
Options Outstanding Weighted Average Remaining Contractual Life	7 years 51 days
Options Exercisable Number Exercisable (in shares) \| shares	24,682
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 17.48
Exercise Price Range 4 [Member]
Range of Exercise Prices (in dollars per share)	$ 18.43
Options Outstanding Number Outstanding (in shares) \| shares	34,441
Options Outstanding Weighted Average Remaining Contractual Life	6 years 47 days
Options Exercisable Number Exercisable (in shares) \| shares	25,257
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 18.43
Exercise Price Range 5 [Member]
Range of Exercise Prices (in dollars per share)	$ 21.87
Options Outstanding Number Outstanding (in shares) \| shares	36,737
Options Outstanding Weighted Average Remaining Contractual Life	8 years 47 days
Options Exercisable Number Exercisable (in shares) \| shares	9,193
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 21.87
Range of Exercise Prices (in dollars per share)	$ 13.58
Options Outstanding Number Outstanding (in shares) \| shares	390,334
Options Outstanding Weighted Average Remaining Contractual Life	3 years 193 days
Options Exercisable Number Exercisable (in shares) \| shares	327,201
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 12.43
Range of Exercise Prices (in dollars per share)	8.21
Range of Exercise Prices (in dollars per share)	$ 21.87

Note 15 - Restricted Stock Awards and Deferred Stock Awards (Details) - Restricted Stock and Deferred Stock Awards [Member] - $ / shares	7 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Nonvested shares at May 30, 2014 (in shares)	435,999	576,882
Nonvested shares at May 30, 2014 (in dollars per share)	$ 18.87	$ 19.78
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	188,005	1,208,642
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 21.14	$ 3.61	$ 100.43
Vested (in shares)	(19,358)	(248,215)
Vested (in dollars per share)	$ 13.87	$ 18.17
Forfeited (in shares)	(27,764)	(223,745)
Forfeited (in dollars per share)	$ 18.75	$ 7.54
Nonvested shares at December 31, 2014 (in shares)	576,882	1,313,564	576,882
Nonvested shares at December 31, 2014 (in dollars per share)	$ 19.78	$ 7.29	$ 19.78

Note 16 - Financial Information by Business Segment (Details)	12 Months Ended
	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Canadian Segment [Member] \| Operating Segments [Member]
Total Revenues	$ 344,249,000	$ 661,721,000	$ 714,136,000
Canadian Segment [Member] \| Intersegment Eliminations [Member]
Total Revenues		(305,000)	(3,598,000)
Canadian Segment [Member]
Total Revenues	344,249,000	661,416,000	710,538,000
Depreciation and amortization	89,269,000	91,893,000	85,180,000
Operating income (loss)	(73,215,000)	106,580,000	190,470,000
Capital expenditures	41,446,000	218,620,000	155,556,000
Total assets	579,816,000	1,024,990,000	993,729,000
Australian Segment [Member] \| Operating Segments [Member]
Total Revenues	135,964,000	213,279,000	255,457,000
Australian Segment [Member]
Total Revenues	135,964,000	213,279,000	255,457,000
Depreciation and amortization	51,392,000	62,924,000	64,691,000
Operating income (loss)	(24,817,000)	(155,851,000)	75,197,000
Capital expenditures	12,160,000	24,907,000	75,935,000
Total assets	424,731,000	669,789,000	894,227,000
US Segment [Member] \| Operating Segments [Member]
Total Revenues	40,146,000	123,328,000	91,311,000
US Segment [Member] \| Intersegment Eliminations [Member]
Total Revenues	(2,396,000)	(55,132,000)	(16,202,000)
US Segment [Member]
Total Revenues	37,750,000	68,196,000	75,109,000
Depreciation and amortization	11,833,000	20,281,000	17,488,000
Operating income (loss)	(40,083,000)	(86,959,000)	(3,320,000)
Capital expenditures	2,170,000	10,901,000	61,989,000
Total assets	71,710,000	135,681,000	234,049,000
Corporate and Other [Member] \| Operating Segments [Member]
Total Revenues	(2,396,000)	(55,437,000)	(19,800,000)
Corporate and Other [Member] \| Intersegment Eliminations [Member]
Total Revenues	2,396,000	55,437,000	19,800,000
Corporate and Other [Member]
Operating income (loss)	(6,888,000)	(6,661,000)	(2,891,000)
Total assets	(5,045,000)	(1,299,000)	1,232,000
Depreciation and amortization	496,000	(128)	(146)
Capital expenditures	6,675,000	(3,270)	(1,786)
Operating Segments [Member]
Total Revenues	517,963,000	942,891,000	1,041,104,000
Total Revenues	517,963,000	942,891,000	1,041,104,000
Depreciation and amortization	152,990,000	174,970,000	167,213,000
Operating income (loss)	(145,003,000)	(142,891,000)	259,456,000
Capital expenditures	62,451,000	251,158,000	291,694,000
Total assets	$ 1,071,212,000	$ 1,829,161,000	$ 2,123,237,000

Note 16 - Financial Information By Geographic Segment (Details) - USD ($)

3 Months Ended

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

$ 344,249,000

$ 661,416,000

$ 710,538,000

Australian Segment [Member]

$ 532,419,000

$ 746,983,000

532,419,000

746,983,000

664,466,000

135,964,000

213,279,000

255,457,000

US Segment and Other [Member]

390,623,000

519,777,000

390,623,000

519,777,000

810,645,000

37,750,000

68,196,000

75,109,000

56,935,000

96,120,000

56,935,000

96,120,000

198,594,000

97,285,000

^[1]

219,694,000

^[1]

517,963,000

942,891,000

1,041,104,000

Cash transfers and general financing activities

$ 979,977,000

$ 1,362,880,000

$ 979,977,000

$ 1,362,880,000

$ 1,673,705,000

[1]

In the fourth quarter of 2015, we recognized the following items: Costs associated with our migration to Canada of $1.9 million ($0.0 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. A foreign currency gain of $3.6 million that should have been recorded in the third quarter of 2015. We determined that the error was not material to our financial statements for the period ended September 30, 2015 and therefore corrected the error in the fourth quarter of 2015. In the fourth quarter of 2014, we recognized the following items: Goodwill impairment losses of $202.7 million ($201.2 million after-tax, or $1.89 per diluted share), of which $16.6 million related to our U.S. segment and $186.1 million related to our Australian segment. Fixed asset and intangible asset impairment losses of $76.2 million ($51.2 million after-tax, or $0.48 per diluted share), of which $59.0 million related to our U.S. segment and $17.2 million related to our Canadian segment. A $34.9 million tax expense ($0.33 per diluted share) from the establishment of a deferred tax liability related to a portion of our undistributed foreign earnings which we no longer intend to indefinitely reinvest and a valuation allowance related to deferred tax assets related to capital losses not expected to be realized. Costs associated with our migration to Canada of $2.6 million ($1.7 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. Transition costs incurred associated with becoming a stand-alone company. The $0.9 million in costs ($0.6 million after-tax, or $0.01 per diluted share), which are primarily corporate in nature, are included in Spin-off and formation costs on the consolidated statements of operations.

Note 17 - Related Party Transactions (Details Textual) - USD ($)		12 Months Ended
	May 28, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	May 30, 2014
Oil States [Member] \| Transition Services Agreement [Member]
Related Party Transaction, Expenses from Transactions with Related Party		$ 300,000	$ 1,300,000
Oil States [Member] \| Services and Funding [Member]
Related Party Transaction, Expenses from Transactions with Related Party			41,700,000	$ 130,200,000
Oil States [Member] \| General Corporate Expense [Member]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party			2,800,000	6,100,000
Oil States [Member] \| Selling, General and Administrative Expenses [Member]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party			2,800,000	$ 6,100,000
Oil States [Member]
Payments of Distributions to Affiliates	$ 750,000,000
Due to Related Parties					$ 336,800,000
Payments of Distributions to Affiliates			750,000,000
Due to Related Parties		$ 401,560,000	$ 775,000,000

Note 17 - Oil States' Net Investment (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Oil States [Member]

$ (13,255)

$ 29,098

Services received or funding for expenditures

41,725

130,159

Corporate allocations, including income tax provision (1)

^[1]

3,950

7,216

Net increase in Oil States net investment

32,420

166,473

Net increase in Oil States net investment

$ 369,219

$ 166,473

[1]

Note 18 - Activity in Valuation Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for Doubtful Accounts [Member]
Balance at Beginning of Period	$ 4,043	$ 3,656	$ 1,118
Charged to Costs and Expenses	1,004	503	2,628
Deductions	(3,844)	(51)	(7)
Translation and Other, Net	(82)	(65)	(83)
Balance at End of Period	1,121	4,043	$ 3,656
Valuation Allowance of Deferred Tax Assets [Member]
Balance at Beginning of Period	49,523
Charged to Costs and Expenses	70,095	49,523
Translation and Other, Net	(4,531)
Balance at End of Period	$ 115,087	$ 49,523

Note 19 - Quarterly Financial Information (Unaudited) (Details Textual) - USD ($)	2 Months Ended	3 Months Ended							12 Months Ended
	Mar. 03, 2015	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Selling, General and Administrative Expenses [Member] \| Canadian Segment [Member] \| Executive Officer [Member]
Severance Costs								$ 4,100,000
Severance Cost, Net of Tax								$ 3,100,000
Severance Costs, Per Diluted Share, Net of Tax								$ 0.03
Selling, General and Administrative Expenses [Member]
Migration Costs		$ 1,900,000	$ 1,500,000	$ 2,400,000	$ 1,100,000	$ 2,600,000
Migration Costs, Net of Tax		$ 1,200,000	$ 1,000,000	$ 1,600,000	$ 800,000	$ 1,700,000
Migration Costs, Per Diluted Share, Net of Tax		$ 0.01	$ 0.01	$ 0.02	$ 0.01	$ 0.02
Cost of Sales [Member] \| Johnstown Facility [Member]
Impairment of Long-Lived Assets to be Disposed of					$ (1,100,000)
Impairment Expense [Member] \| Johnstown Facility [Member]
Impairment of Long-Lived Assets to be Disposed of					(2,700,000)
Impairment Expense [Member] \| Australian Segment [Member] \| Fixed Assets [Member]
Impairment Effect on Earnings Per Share, after Tax				$ 0.06
Impairment Expense [Member] \| Australian Segment [Member] \| Indefinite-lived Intangible Assets [Member]
Impairment Effect on Earnings Per Share, after Tax								$ 0.06
Impairment Expense [Member] \| Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use				$ 9,500,000
Impairment of Long-lived Assets Held for Use, Net of Tax				6,600,000
Impairment of Intangible Assets (Excluding Goodwill)								$ 9,000,000
Impairment of Intangible Assets, Excluding Goodwill, After Tax								$ 6,300,000
Impairment Expense [Member] \| US Segment [Member] \| Fixed Assets [Member]
Impairment Effect on Earnings Per Share, after Tax								$ 0.02
Impairment Expense [Member] \| US Segment [Member]
Impairment of Long-Lived Assets to be Disposed of								$ 2,600,000
Impairment of Long-lived Assets Held for Use, Net of Tax								1,700,000
Impairment Expense [Member] \| Canadian Segment [Member]
Goodwill, Impairment Loss			$ 43,200,000
Goodwill, Impairment Loss, Net of Tax			$ 43,200,000
Goodwill Impairment Loss, Per Diluted Share, Net of Tax			$ 0.40
Spin-off and Formation Costs [Member]
Transition Costs Related to SpinOff						$ 900,000	$ 1,000,000	1,900,000
Transition Costs Related to Spin-off, Net of Tax						$ 600,000	$ 700,000	$ 1,200,000
Transition Costs Related to Spin-off, Per Diluted Share, Net of Tax						$ 0.01	$ 0.01	$ 0.01
Johnstown Facility [Member]
Gain (Loss) on Disposition of Assets	$ (3,800,000)
Gain (Loss) on Disposition of Assets, Net of Tax	$ 2,400,000
Gain (Loss) on Disposition of Assets, Per Diluted Share, Net of Tax	$ 0.02
Impairment of Long-Lived Assets to be Disposed of					2,700,000
Australian Segment [Member] \| The Mac Brand [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure								$ 0
Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use			$ 23,980,000	9,473,000
Impairment of Intangible Assets (Excluding Goodwill)			24,000,000
Goodwill, Impairment Loss						$ 186,097,000
US Segment [Member]
Impairment of Long-Lived Assets Held-for-use			18,000,000			55,800,000
Impairment of Intangible Assets (Excluding Goodwill)			20,500,000			59,000,000
Goodwill, Impairment Loss						16,600,000
Canadian Segment [Member] \| Assets Should Have Been Impaired in Prior Period [Member]
Impairment of Intangible Assets (Excluding Goodwill)			11,900,000
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use			23,041,000			17,197,000
Impairment of Intangible Assets (Excluding Goodwill)			23,000,000			17,200,000
Goodwill, Impairment Loss			43,194,000
Gain (Loss) on Disposition of Assets									$ 1,826,000	$ 5,877,000	$ 2,395,000
Impairment of Long-Lived Assets to be Disposed of					$ 2,738,000
Impairment of Long-Lived Assets Held-for-use			$ 65,061,000	$ 9,473,000		$ 72,973,000		2,621,000
Impairment Effect on Earnings Per Share, after Tax			$ 0.44			$ 0.48
Impairment of Intangible Assets (Excluding Goodwill)			$ 67,500,000			$ 76,200,000
Impairment of Intangible Assets, Excluding Goodwill, After Tax			46,900,000			51,200,000
Gains (Losses) on Extinguishment of Debt			$ (1,500,000)					$ (3,500,000)	$ (1,474,000)	$ (3,455,000)	$ (1,207,000)
Extinguishment of Debt, Gain (Loss), Per Share, Net of Tax			$ 0.01					$ 0.02
Goodwill, Impairment Loss			$ 43,194,000			202,729,000
Goodwill, Impairment Loss, Net of Tax						$ 201,200,000
Goodwill Impairment Loss, Per Diluted Share, Net of Tax						$ 1.89
Foreign Currency Transaction Gain, before Tax			$ 3,600,000
Tax Expense from the Establishment of a Deferred Tax Liability						$ 34,900,000
Tax Expense from the Establishment of a Deferred Tax Liability, Per Diluted Share						$ 0.33

Note 19 - Quarterly Financial Information (Details) - USD ($)
$ in Thousands

3 Months Ended

Dec. 31, 2015

^[1]

Sep. 30, 2015

^[2]

Jun. 30, 2015

^[3]

Mar. 31, 2015

^[4]

Dec. 31, 2014

^[1]

Sep. 30, 2014

^[2]

Jun. 30, 2014

^[3]

Mar. 31, 2014

^[4]

Net income (loss) attributable to Civeo

$ 97,285

$ 106,544

$ 143,147

$ 170,987

$ 219,694

$ 243,265

$ 227,133

$ 252,799

Gross profit(1)

^[5]

31,758

36,793

53,723

68,076

88,689

106,164

93,828

109,289

$ (10,597)

$ (107,685)

$ (13,461)

$ (16)

$ (271,634)

$ 32,403

$ 13,949

$ 36,239

Basic earnings (loss) per share (in dollars per share)

$ (0.10)

$ (1.01)

$ (0.13)

$ 0

$ (2.54)

$ 0.30

$ 0.13

$ 0.34

Diluted earnings (loss) per share (in dollars per share)

$ (0.10)

$ (1.01)

$ (0.13)

$ 0

$ (2.54)

$ 0.30

$ 0.13

$ 0.34

[1]	In the fourth quarter of 2015, we recognized the following items: Costs associated with our migration to Canada of $1.9 million ($0.0 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. A foreign currency gain of $3.6 million that should have been recorded in the third quarter of 2015. We determined that the error was not material to our financial statements for the period ended September 30, 2015 and therefore corrected the error in the fourth quarter of 2015. In the fourth quarter of 2014, we recognized the following items: Goodwill impairment losses of $202.7 million ($201.2 million after-tax, or $1.89 per diluted share), of which $16.6 million related to our U.S. segment and $186.1 million related to our Australian segment. Fixed asset and intangible asset impairment losses of $76.2 million ($51.2 million after-tax, or $0.48 per diluted share), of which $59.0 million related to our U.S. segment and $17.2 million related to our Canadian segment. A $34.9 million tax expense ($0.33 per diluted share) from the establishment of a deferred tax liability related to a portion of our undistributed foreign earnings which we no longer intend to indefinitely reinvest and a valuation allowance related to deferred tax assets related to capital losses not expected to be realized. Costs associated with our migration to Canada of $2.6 million ($1.7 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. Transition costs incurred associated with becoming a stand-alone company. The $0.9 million in costs ($0.6 million after-tax, or $0.01 per diluted share), which are primarily corporate in nature, are included in Spin-off and formation costs on the consolidated statements of operations.
[2]	In the third quarter of 2015, we recognized the following items: Goodwill impairment losses of $43.2 million ($43.2 million after-tax, or $0.40 per diluted share), which are related to our Canadian segment, and are included in Impairment expense on the consolidated statements of operations. Fixed asset and intangible asset impairment losses of $67.5 million ($46.9 million after-tax, or $0.44 per diluted share), of which $20.5 million related to our U.S. segment, $24.0 million related to our Australian segment and $23.0 million related to our Canadian segment, and is included in Impairment expense on the consolidated statements of operations. Costs associated with our migration to Canada of $1.5 million ($1.0 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. $1.5 million, or $0.01 per diluted share, of losses incurred on extinguishment of debt. In the third quarter of 2014, we recognized $1.0 million in transition costs associated with becoming a stand-alone company ($0.7 million after-tax, or $0.01 per diluted share). The costs, which are primarily corporate in nature, are included in Spin-Off and formation costs on the consolidated statements of operations.
[3]	In the second quarter of 2015, we recognized the following items: A charge of $9.5 million ($6.6 million after-tax, or $0.06 per diluted share), related to the impairment of certain fixed assets which carrying value we determined not to be recoverable. The charge, which is related to our Australia segment, is included in Impairment expense on the accompanying consolidated statements of operations. Costs associated with our migration to Canada of $2.4 million ($1.6 million after-tax, or $0.02 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. In the second quarter of 2014, we recognized the following items: A charge of $9.0 million ($6.3 million after-tax, or $0.06 per diluted share), related to the impairment of an intangible asset in Australia. Due to the Spin-Off, and the resulting rebranding of the Company’s Australian operations from The Mac to Civeo Australia, it was determined that the fair value of an intangible asset associated with The Mac brand was zero. The charge, which is related to our Australia segment, is included in Impairment expense on the accompanying consolidated statements of operations. An impairment of certain fixed assets which were not in our custody, and for which return was determined to be uncertain. The $2.6 million impairment ($1.7 million after-tax, or $0.02 per diluted share), which is related to our U.S. segment, is included in Impairment expense on the consolidated statements of operations. Severance costs associated with the termination of an executive. The $4.1 million expense ($3.1 million after-tax, or $0.03 per diluted share), which is related to our Canadian segment, is included in Selling, general and administrative expenses on the consolidated statements of operations. $3.5 million, or $0.02 per diluted share after-tax, of losses incurred on the extinguishment of debt. Transition costs associated with becoming a stand-alone company. The $1.9 million in costs ($1.2 million after-tax, or $0.01 per diluted share), which are primarily corporate in nature, are included in Spin-Off and formation costs on the consolidated statements of operations.
[4]	In the first quarter of 2015, we recognized the following items: Costs associated with our planned migration to Canada of $1.1 million ($0.8 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the consolidated statements of operations. A loss of $3.8 million ($2.4 million after-tax, or $0.02 per diluted share) of which $1.1 million is included in cost of sales and services and $2.7 million is included in impairment expense. This charge relates to the decision to close a manufacturing facility in the United States. As a result, the related assets were written down to their estimated sales proceeds, less costs to sell.
[5]	Represents "revenues" less "product costs" and "service and other costs" included in our consolidated statements of operations.

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.