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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 workforce accommodations, logistics and facility management services to the natural resource industry. Our scalable modular facilities provide long-term and temporary 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 our customers’ employees and contractors 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 – Canada, Australia and U.S.

May

30,

2014,

Oil States International, Inc. (Oil States) spun-off 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). In connection with the Spin-Off, on

May

28,

2014,

we made a special cash distribution to Oil States of

$750

million. 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.

July

17,

2015,

we changed our place of incorporation from Delaware to British Columbia, Canada, and 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 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 of the Redomicile Transaction.

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,

-year revolving credit facility and a

-year U.S. term loan facility totaling

$775.0

million (collectively, the Credit Facility) for an aggregate borrowing capacity of

$1.4

billion.

July

17,

2015,

the First Amendment to the Credit Facility became effective. On

February

18,

2016,

the Second Amendment to the Credit Facility became effective. On

February

17,

2017,

the Third Amendment to the Credit Facility (together with all amendments, the Amended Credit Facility) became effective. For further information, please see Note

– Debt for further discussion.

We incurred costs related to the Redomicile Transaction totaling

$1.3

million,

$7.0

million and

$2.6

million for the years ended

December

31,

2016,

2015

and

2014,

respectively. During the year ended

December

31,

2016,

we incurred costs related to the Amended Credit Facility totaling

$2.1

million.

$2.0

million has been capitalized as debt issuance costs, and the remaining

$0.1

million is included in interest expense. As a result of the Second Amendment to the Credit Facility, we recognized a loss during the

first

quarter of

2016

of approximately

$0.3

million related to unamortized debt issuance costs, which is included in “Loss on extinguishment of debt” on the accompanying consolidated statements of operations. During the year ended

December

31,

2015,

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 First Amendment to the Credit Facility, 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:

●

Our consolidated statements of operations

, comprehensive income (loss), cash flows and changes in shareholders’ equity / net investment for the years ended

December

31,

2016

and

2015

consist entirely of the consolidated results of Civeo.

●

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.

●

Our consolidated balance sheets at

December

31,

2016

and

December

31,

2015

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

– 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, 2016

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 generally 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,

2016,

2015

and

2014,

zero,

$1.6

million and

$2.3

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

Please see Note

– Impairment Charges for a discussion of impairment charges we recognized in

2016,

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

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 consisted 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. Future impairment tests will be impacted by new accounting guidance which eliminates the

second

step of the goodwill impairment test.

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

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

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

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

– Impairment Charges for a discussion of impairment charges we recognized in

2015

and

2014

related to our goodwill.

Other Intangible Asset

We amortize the cost of other intangible assets using the straight-line method 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

– 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,

2016,

2015,

and

2014,

we recognized approximately

$(0.6)

million,

$9.0

million and

$0.2

million in foreign currency gains (losses), respectively.

Foreign 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,

2016,

each of Imperial Oil and Fort Hills Energy LP accounted for more than

10%

of our revenues. 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.

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

– 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.

We also grant performance awards under the Civeo Plan. These awards will be earned in amounts between

and

200%

of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group of

other companies. 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.

Guarantees

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

- Debt.

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,

2016,

the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately

$2.1

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 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, long-lived asset impairments

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 litigation, taxes, interest, insurance claims, warranty claims and contract claims and obligations.

ecent 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.

June

2016,

the FASB issued Accounting Standards Update (ASU)

2016

13,

“Financial Instruments – Credit Losses” (ASU

2016

13).

This new standard changes how companies will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU

2016

is effective for financial statements issued for reporting periods beginning after

December

15,

2019

and interim periods within the reporting periods. We are currently evaluating the impact of this new standard on our consolidated financial statements.

March

2016,

the FASB issued ASU

2016

09,

“Improvements to Employee Share-Based Payment Accounting” (ASU

2016

09).

This new standard requires companies to recognize the income tax effects of awards in the income statement when the awards vest or are settled. ASU

2016

is effective for financial statements issued for reporting periods beginning after

December

15,

2016

and interim periods within the reporting periods. We expect to recognize a cumulative effect of change in accounting principle benefit of less than

million in the

first

quarter

2017

as a result of implementing this standard.

February

2016,

the FASB issued ASU

2016

02,

“Leases” (Topic

842),

which replaces the existing guidance for lease accounting, Leases (Topic

840).

ASU

2016

requires lessees to recognize a lease liability and a right-of-use asset for all leases with terms longer than

months.

The guidance is effective for financial statements issued for reporting periods beginning after

December

15,

2018

and interim periods within the reporting periods. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of this new standard on our consolidated financial statements.

April

2015,

the FASB issued ASU

2015

“Interest - Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs” (ASU

2015

03).

ASU

2015

simplifies the presentation of debt issuance costs by requiring that such costs be presented as a deduction from the corresponding debt liability. Effective with our quarterly report on Form

-Q for the quarter ended

March

31,

2016,

we have adopted the provisions of ASU

2015

03.

December

31,

2015,

as a result of our adoption of ASU

2015

03,

we reclassified

$4.7

million of debt issuance costs to reduce our recognized debt liabilities from other current assets

($1.3

million) and other non-current assets

($3.4

million) on the accompanying consolidated balance sheet. A portion of our debt issuance costs relate to revolving lines of credit and will accordingly continue to be included in “Other current assets” or “Other non-current assets”.

May

2014,

the FASB issued ASU

2014

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 we currently plan to use the modified retrospective method of adoption.

We continue to evaluate the impact of this new standard on our consolidated financial statements upon adoption. Our approach includes performing a detailed review of key contracts representative of our different businesses and comparing historical accounting policies and practices to the new standard.

Note 3 - Impairment Charges

12 Months Ended

Dec. 31, 2016

Asset Impairment Charges [Text Block]

3.	IMPAIRMENT CHARGES

2016

Impairment Charges

The following summarizes pre-tax impairment charges recorded during

2016,

which are included in Impairment expense in our consolidated statements of operations (in thousands):

	Canada		Australia		U.S.		Total
Quarter ended March 31, 2016
Long-lived assets	$	--	$	--	$	8,400	$	8,400
Quarter ended September 30, 2016
Long-lived assets		37,729		--		--		37,729
Total	$	37,729	$	--	$	8,400	$	46,129

Quarter ended

March

31,

2016.

During the

first

quarter of

2016,

we recorded an impairment expense of

$8.4

million, resulting from the impairment of fixed assets in our U.S. segment, due to a continued reduction of U.S. drilling activity in the Bakken Shale region. These fixed assets were written down to their fair value of

$3.8

million. We assessed the carrying values of the asset groups to determine if they continued to be recoverable based on estimated future cash flows. Based on the assessment, the carrying values were determined to not be recoverable, and we proceeded to compare the fair value of those assets groups to their respective carrying values.

Quarter ended

September

30,

2016.

During the

third

quarter of

2016,

we identified an indicator that certain asset groups used, or expected to be used, in conjunction with potential LNG projects in British Columbia

may

be impaired due to market developments occurring in the

third

quarter of

2016,

including the delay in the final investment decision regarding an LNG project in British Columbia. We assessed the carrying value of each of the asset groups to determine if they continued to be recoverable based on their estimated future cash flows. Based on the assessment, the carrying values of the mobile camp assets and certain undeveloped land positions in British Columbia were determined to not be fully recoverable, and we proceeded to compare the estimated fair value of those assets groups to their respective carrying values. Accordingly, the mobile camp assets and undeveloped land positions were written down to their estimated fair values of

$26.6

million and

$5.6

million, respectively, and we recorded an associated impairment expense of

$37.7

million.

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. Accordingly, we recorded a pre-tax impairment expense of

$2.7

million and an additional

$1.1

million write-down of our inventory. During the

fourth

quarter of

2015,

we completed the sale of the facility.

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. These fixed assets were written down to their fair value of

$0.1

million. 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 was 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 of

2015,

we determined that an indicator of a goodwill impairment was present as of

September

30,

2015.

Accordingly, as a result of then-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 a

$43.2

million impairment charge in the

third

quarter of

2015.

Furthermore, due to the goodwill impairment in our Canadian segment, we determined all asset groups within this segment had experienced a triggering event indicating that the carrying values might not be recoverable. Accordingly, we compared the carrying value of each asset group to estimates of the undiscounted cash flows for such asset group. Based on the assessment, carrying values of certain asset groups were determined to be unrecoverable, and we proceeded to compare the fair value of those asset groups to their respective carrying values. Accordingly, we recorded an impairment loss of

$11.1

million related to long-lived assets in our Canadian segment. These fixed assets were written down to their fair value of

$12.6

million.

Also due to 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 U.S. and Australia segments had experienced an indicator of impairment, and thus compared the carrying value of the respective asset group to estimates of the undiscounted future cash flows for such asset group. Based on the assessment, the carrying values of

three

of our asset groups were determined to not be recoverable, and we proceeded to compare the fair values of the asset groups to their carrying values. Accordingly, 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. These fixed assets were written down to their fair value of

$9.5

million. In addition, we recorded an impairment loss of

$24.0

million related to our Australian segment that reduced the value of our fixed assets. These fixed assets were written down to their fair value of

$10.3

million.

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,

201

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 was uncertain.

Quarter ended

December

201

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. These fixed assets were written down to their fair value of

$51.7

million in our U.S. segment and

$4.6

million in our Canadian segment.

Note 4 - Fair Value Measurements

12 Months Ended

Dec. 31, 2016

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,

2016

and

December

31,

2015,

we believe the carrying value of our floating-rate debt outstanding under our term loans and revolving credit facilities approximates their fair values because their terms include short-term interest rates and exclude penalties for prepayment. We estimated the fair value of our floating-rate term loan and revolving credit facilities using significant other observable inputs, representative of a Level

fair value measurement, including terms and credit spreads for these loans.

During

2016,

2015

and

2014,

we wrote down certain long-lived assets to their fair values. Our estimates of fair value required us to use significant unobservable inputs, representative of Level

fair value measurements, including numerous assumptions with respect to future circumstances that might directly impact each of the asset groups’ operations in the future and are therefore uncertain. These assumptions with respect to future circumstances included future oil, coal and natural gas prices, anticipated spending by our customers, the cost of capital, and industry and/or local market conditions. During the

third

quarter of

2016,

our estimates of fair value of certain undeveloped land positions in British Columbia were based on appraisals from

third

parties. Please see Note

– Summary of Significant Accounting Policies – Impairment of Long-Lived Assets for further discussion of the significant judgments and assumptions used in calculating their fair value.

During

2015

and

2014,

we also wrote down our goodwill to its implied fair value (IFV). Our estimate of IFV required us to use significant unobservable inputs, representative of Level

– 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.

+ References + Details

Note 5 - Details of Selected Balance Sheet Accounts

12 Months Ended

Dec. 31, 2016

Supplemental Balance Sheet Disclosures [Text Block]

5.	DETAILS OF SELECTED BALANCE SHEET ACCOUNTS

Additional information regarding selected balance sheet accounts at

December

31,

2016

and

2015

is presented below (in thousands):

	December 31, 2016			December 31, 201 5
Accounts receivable, net:
Trade	$	39,442		$	44,650
Unbilled revenue		16,063			16,649
Other		1,435			1,289
Total accounts receivable		56,940			62,588
Allowance for doubtful accounts		(638	)		(1,121	)
Total accounts receivable, net	$	56,302		$	61,467

	December 31, 2016		December 31, 201 5
Inventories:
Finished goods and purchased products	$	1,700	$	1,854
Work in process		3		1,260
Raw materials		1,409		2,517
Total inventories	$	3,112	$	5,631

During

2016,

we recorded a

$0.9

million write-down of inventory at our modular construction and manufacturing plant in Canada, which is included in Cost of sales in our accompanying consolidated statements of operations.

	Estimated Useful Life (in years)				December 31, 2016			December 31, 201 5
Property, plant and equipment, net:
Land					$	41,122		$	47,825
Accommodations assets		3	-	15		1,542,806			1,482,842
Buildings and leasehold improvements		5	-	20		28,104			29,099
Machinery and equipment		4	-	15		9,667			9,183
Office furniture and equipment		3	-	7		29,948			29,172
Vehicles		3	-	5		14,725			15,412
Construction in progress						35,196			52,558
Total property, plant and equipment						1,701,568			1,666,091
Accumulated depreciation						(911,858	)		(734,177	)
Total property, plant and equipment, net					$	789,710		$	931,914

	December 31, 2016		December 31, 201 5
Accrued liabilities:
Accrued compensation	$	11,879	$	11,726
Accrued taxes, other than income taxes		727		963
Accrued interest		194		12
Other		1,578		2,133
Total accrued liabilities	$	14,378	$	14,834

Note 6 - Earnings Per Share

12 Months Ended

Dec. 31, 2016

Earnings Per Share [Text Block]

6.	EARNINGS PER SHARE

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):

	201 6			201 5			201 4
Basic Loss per Share
Net loss attributable to Civeo	$	(96,388	)	$	(131,759	)	$	(189,043	)
Less: undistributed net income to participating securities		--			--			921
Net loss attributable to Civeo’s common shareholders - basic	$	(96,388	)	$	(131,759	)	$	(188,122	)

Weighted average common shares outstanding - basic		107,024			106,604			106,306

Basic loss per share	$	(0.90	)	$	(1.24	)	$	(1.77	)

Diluted Loss per Share
Net loss attributable to Civeo’s common shareholders – basic	$	(96,388	)	$	(131,759	)	$	(188,122	)
Less: undistributed net income to participating securities		--			--			--
Net loss attributable to Civeo’s common shareholders - diluted	$	(96,388	)	$	(131,759	)	$	(188,122	)


Weighted average common shares outstanding - basic		107,024			106,604			106,306
Effect of dilutive securities (1 )		--			--			--
Weighted average common shares outstanding - diluted		107,024			106,604			106,306

Diluted loss per share	$	(0.90	)	$	(1.24	)	$	(1.77	)

(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,

2016,

2015

and

2014.

In the years ended

December

31,

2016,

2015

and

2014,

we excluded from the calculation

1.3

million,

1.3

million and

0.7

million share based awards, respectively, since the effect would have been anti-dilutive.

Note 7 - Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2016

Cash Flow, Supplemental Disclosures [Text Block]

7.	SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid during the years ended

December

31,

2016,

2015

and

2014

for interest and income taxes was as follows (in thousands):

	201 6		201 5			201 4

Interest (net of amounts capitalized)	$	18,927	$	21,385		$	14,444
Income taxes paid, net of refunds		3,404		(5,169	)		43,237

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

– Related Party Transactions.

Note 8 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

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,

2016

and

2015

are as follows (in thousands):

	Canada			Australia		U.S.		Total
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 and 2016	$	--		$	--	$	--	$	--

Please see Note

– 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,

2016

and

2015

(in thousands):

	AS OF DECEMBER 31,
	2016					2015
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets
Customer relationships	$	42,614	$	(28,804	)	$	43,668	$	(26,278	)
Contracts / agreements		35,499		(21,300	)		35,769		(17,885	)
Noncompete agreements		749		(749	)		795		(790	)
Total amortizable intangible assets	$	78,862	$	(50,853	)	$	80,232	$	(44,953	)

Indefinite-Lived Intangible Assets Not Subject to Amortization
Licenses		30		--			30		--
Total indefinite-lived intangible assets		30		--			30		--
Total intangible assets	$	78,892	$	(50,853	)	$	80,262	$	(44,953	)

Please see Note

– 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

4.1

years as of

December

31,

2016

and

5.1

years as of

December

31,

2015.

Total amortization expense is expected to be

$6.9

million in

2017

through

2020

and

$0.2

million in

2021.

Amortization expense was

$7.2

million,

$7.6

million and

$9.6

million in the years ended

December

31,

2016,

2015

and

2014,

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.

+ References + Details

Note 9 - Debt

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Text Block]

DEBT

As of

December

31,

2016

and

2015,

long-term debt consisted of the following (in thousands):

	December 31, 2016		December 31, 2015
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.8% for the twelve month period ended December 31, 2016	$	24,375	$	49,375
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 4.1% for the twelve month period ended December 31, 2016		293,763		300,165
U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.7% for the twelve month period ended December 31, 2016		--		--
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 4.3% for the twelve month period ended December 31, 2016		23,089		52,020
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 4.9% for the twelve month period ended December 31, 2016		9,533		--
Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.2% for the twelve month period ended December 31, 2016		6,507		--
		357,267		401,560
Less: Unamortized debt issuance costs		3,996		4,683
Total debt		353,271		396,877
Less: Current portion of long-term debt, including unamortized debt issuance costs, net		15,471		17,461
Long-term debt, less current maturities	$	337,800	$	379,416

Scheduled maturities of long-term debt as of

December

31,

2016

are as follows (in thousands):

2017	$	15,667
2018		15,667
2019		325,933
	$	357,267

Amended

Credit Facility

As of

December

31,

2016,

our revolving credit facility consisted of (i) a

$350.0

million, revolving credit facility scheduled to mature on

May

28,

2019,

allocated as follows: (A) a

$50.0

million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrower, (B) a

$100.0

million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrower, (C) a

$100.0

million senior secured revolving credit facility in favor of Civeo, as borrower, and (D) a

$100.0

million senior secured revolving credit facility in favor of

one

of our Australian subsidiaries, as borrower, and (ii) a

$350.0

million, term loan facility scheduled to mature on

May

28,

2019

in favor of Civeo (collectively, the Amended Credit Facility).

February

17,

2017,

the

third

amendment to the Amended Credit Facility became effective, which:

●

Provided for the reduction by

US$75

million of the aggregate revolving loan commitments under the Amended Credit Facility, to a maximum principal amount of

$275

million. Accordingly, after the reduction, the revolving credit facility consists of (A) a

$40.0

million senior secured revolving credit facility in favor of certain of our U.S. subsidiaries, as borrower, (B) a

$90.0

million senior secured revolving credit facility in favor of Civeo and certain of our Canadian subsidiaries, as borrowers, (C) a

$60.0

million senior secured revolving credit facility in favor of Civeo, as borrower, and (D) a

$85.0

million senior secured revolving credit facility in favor of

one

of our Australian subsidiaries, as borrower;

●

(i) Established

one

additional level to the total leverage-based grid such that the interest rates for the loans range from LIBOR +

2.25%

to LIBOR +

5.50%

and (ii) increased the undrawn commitment fee from a range of

0.51%

1.13%

to a range of

0.51%

1.24%

based on total leverage;

●

Adjusted the maximum leverage ratio financial covenant, as follows; and

Period Ended	Maximum Leverage Ratio
December 31, 2016 (no change)		5.50	:	1.00
March 31, 2017 (no change)		5.25	:	1.00
June 30, 2017 (no change)		5.25	:	1.00
September 30, 2017		5.85	:	1.00
December 31, 2017		5.85	:	1.00
March 31, 2018		5.85	:	1.00
June 30, 2018		5.85	:	1.00
September 30, 2018		5.85	:	1.00
December 31, 2018		5.50	:	1.00
March 31, 2019 & thereafter		5.25	:	1.00

●

Provided for other technical changes and amendments to the Amended 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%

5.50%,

or a base rate plus

1.25%

4.50%,

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%

5.50%,

or a base rate plus a margin of

1.25%

4.50%,

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%

5.50%,

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

1.0

and our maximum leverage ratio, defined as the ratio of total debt to consolidated EBITDA, of no greater than

5.50

1.0

(as of

December

31,

2016).

As noted above, the permitted 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,

2016.

As of

December

31,

2016,

we have

lenders in our Amended Credit Facility with commitments ranging from

$1.2

million to

$135.7

million. As of

December

31,

2016,

we had outstanding letters of credit of

$0.4

million under the U.S facility,

$0.6

million under the Australian facility and

$0.6

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$2.0

million bank guarantee facility, which matures

March

31,

2017.

There were bank guarantees of

A$0.8

million under this facility outstanding as of

December

31,

2016.

Note 10 - Retirement Plans

12 Months Ended

Dec. 31, 2016

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

$6.4

million,

$9.6

million and

$16.3

million, respectively, related to matching contributions under our various defined contribution plans during the years ended

December

31,

2016,

2015

and

2014,

respectively. A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will generally have no legal or constructive obligation to pay further amounts. 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.

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

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

2016

$13,005).

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

$25,370

2016

as set out in the Canadian Tax Act.

Australian Retirement Savings Plan

Our Australian subsidiary 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.

Our Australian subsidiary 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.

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

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

of the participant’s compensation

(100%

match of the

first

employee contribution and

50%

match on the next

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 fully vested thereafter.

Note 11 - Asset Retirement Obligations

12 Months Ended

Dec. 31, 2016

Asset Retirement Obligation Disclosure [Text Block]

11.	ASSET RETIREMENT OBLIGATIONS

AROs at

December

31,

2016

and

2015

were (in thousands):

	2016		201 5

Asset retirement obligations	$	17,584	$	17,299
Less: Asset retirement obligations due within one year*		2,374		--
Long-term asset retirement obligations	$	15,210	$	17,299

*	Classified as a current liability on the consolidated balance sheets, under the caption “ Other current liabilities .” Related to remediation work planned for 2017.

Total expense related to the ARO was

$1.4

million,

$1.3

million and

$0.3

million in

2016,

2015

and

2014,

respectively.

During the years ended

December

31,

2016,

2015

and

2014,

our ARO changed as follows (in thousands):

	201 6			201 5			201 4
Balance as of January 1	$	17,299		$	21,610		$	6,095
Accretion of discount		1,351			1,292			336
New obligations		--			81			797
Change in estimates of existing obligations		(1,182	)		(2,366	)		14,838
Settlement of obligations		(376	)		(132	)		--
Foreign currency translation		492			(3,186	)		(456	)
Balance as of December 31	$	17,584		$	17,299		$	21,610

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, 2016

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 years ended

December

31,

2016

and

2015,

Civeo Canada is the public parent registered under the laws of British Columbia, Canada. For the year ended

December

31,

2014,

Civeo US, a Delaware corporation, was the public parent registered in the U.S.

Income tax provision

(benefit

Pre-tax income (loss) for the years ended

December

31,

2016,

2015

and

2014

consisted of the following (in thousands):

	2016			2015			2014
Canada operations	$	(87,234	)	$	(73,691	)	$	119,509
Foreign operations		(28,698	)		(90,062	)		(275,792	)
Total	$	(115,932	)	$	(163,753	)	$	(156,283	)

The components of the income tax provision (benefit) for the years ended

December

31,

2016,

2015

and

2014

consisted of the following (in thousands):

	2016			2015			2014
Current:
Canada	$	(8,646	)	$	(820	)	$	27,046
Foreign		1,749			1,906			--
Total	$	(6,897	)	$	1,086		$	27,046

Deferred:
Canada	$	(12,169	)	$	(2,707	)	$	23
Foreign		(1,039	)		(31,468	)		4,310
Total	$	(13,208	)	$	(34,175	)	$	4,333

Total Provision (Benefit)	$	(20,105	)	$	(33,089	)	$	31,379

The income tax provision (benefit) differs from an amount computed at Canadian statutory rates for the years ended

December

31,

2016

and

2015

and at U.S. statutory rates for the years ended

December

31,

2014

(in thousands) was as follows:

	2016					2015					2014
Federal tax provision (benefit) at statutory rates	$	(31,302	)	27.0	%	$	(44,213	)	27.0	%	$	(54,699	)	35.0	%
Effect of foreign income tax, net		(6,593	)	5.7	%		(15,088	)	9.2	%		(10,599	)	6.8	%
Goodwill impairment		--		--			11,533		(7.0	%)		19,798		(12.7	%)
Valuation allowance		15,051		(13.0	%)		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		3,038		(2.6	%)		17,600		(10.8	%)		--		--
Deemed income from foreign subsidiaries		1,108		(1.0	%)		4,190		(2.6	%)		--		--
Enacted tax rate change		712		(0.6	%)		3,332		(2.0	%)		--		--
Other, net		(2,119	)	1.8	%		3,674		(2.2	%)		(567	)	0.4	%
Net income tax provision (benefit)	$	(20,105	)	17.3	%	$	(33,089	)	20.2	%	$	31,379		(20.1	%)

Deferred Tax Liabilities and Assets.

The significant items giving rise to the deferred tax assets and liabilities as of

December

31,

2016

and

2015

are as follows (in thousands):

	2016			2015
Deferred tax assets:
Net operating loss	$	49,810		$	12,528
Foreign tax credits		--			58,906
Allowance for doubtful accounts		--			--
Employee benefits		6,952			5,326
Deductible goodwill and other intangibles		45,262			43,857
Other reserves		4,773			6,342
Unearned revenue		1,776			2,894
Other		1,588			1,893
Deferred tax assets		110,161			131,746
Valuation allowance		(76,157	)		(115,087	)
Deferred tax assets, net	$	34,004		$	16,659
Deferred tax liabilities:
Depreciation	$	(42,701	)	$	(41,312	)
Investment		(497	)		(738	)
Deferred tax liabilities		(43,198	)		(42,050	)
Net deferred tax liability	$	(9,194	)	$	(25,391	)

NOL

and Tax Credit

Carryforwards.

The following table summarizes net operating loss (NOL) and tax credit carryforwards at

December

31,

2016

(in thousands):

	Amount		Expiration Period
Net operating loss carryforwards:
Canada	$	80,307	Begins to expire in 2035
Australia		51,286	Does not expire
U.S. – Federal		21,138	Expires in 2036
U.S. – State		111,242	Begins to expire in 2020

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,

2016

and

2015

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	)
Change in income tax provision		--			(6,834	)		(8,217	)		(15,051	)
Write-off of U.S. foreign tax credits		58,906			--			--			58,906
Other change		--			(285	)		(4,969	)		(5,254	)
Foreign currency translation		--			2			327			329
Balance as of December 31, 2016	$	--		$	(61,416	)	$	(14,741	)	$	(76,157	)

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

$58.9

million in

2015.

The excess foreign tax credits were written-off against the valuation allowance in

2016

because of the remote likelihood that the foreign tax credits will be utilized.

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.

December

31,

2015

and

2016,

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

2009

are subject to audit by the Canada Revenue Agency. Our Australian subsidiary’s federal income tax returns subsequent to

2012

are open for review 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,

2016

and

2015

was

zero

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,

2016

and

2015,

we had accrued

zero

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):

	2016			2015		2014
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		(679	)		--		--
Balance as of December 31	$	--		$	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

2015,

we reversed the uncertain tax liability.

During

2016,

management determined that, based upon the status of current examinations, an uncertain tax liability of

$0.7

million was reversed.

Note 13 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

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,

2016,

were as follows (in thousands):

2017	$	4,260
2018		3,467
2019		3,065
2020		2,835
2021		1,822
Thereafter		7,920
Total	$	23,369

Rental expense under operating leases was

$6.0

million,

$7.6

million and

$8.4

million for the years ended

December

31,

2016,

2015

and

2014,

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, 2016

Comprehensive Income (Loss) Note [Text Block]

14.	ACCUMULATED OTHER COMPREHENSIVE LOSS

Our accumulated other comprehensive loss decreased

$3.4

million from

$366.3

million at

December

31,

2015

$362.9

million at

December

31,

2016,

as a result of foreign currency exchange rate fluctuations. Changes in other comprehensive loss during

2016

were primarily driven by the Canadian dollar increasing in value compared to the U.S. dollar and the Australian 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,

2016.

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Section 45
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-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 220
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-Section 45
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-Section 45
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 220
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Note 15 - Share Based Compensation

12 Months Ended

Dec. 31, 2016

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

15.	S HARE 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

. Our employees and non-employee directors participate in the Amended and Restated

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

14.0

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 Civeo Plan 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,

2016,

2015

and

2014

totaled

$9.9

million,

$5.6

million and

$8.9

million, respectively. Share-based compensation expense is reflected in Selling, general and administrative (SG&A) expense in our consolidated statements of operations. The total income tax benefit recognized in the consolidated statements of operations for share based compensation arrangements was approximately $

0.6

million , $

0.3

million and

million for the years ended

December

31,

2016,

2015

and

2014,

respectively.

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

was based on a formula considering the vesting period, term of the options awarded and past experience. No options were awarded in

2016

2015.

Information for periods prior to the Spin-Off is based on stock option awards for Oil States’ common stock.

	201 4 (prior to Spin-Off)
Risk-free weighted interest rate		1.27	%
Expected life (in years)		4.1
Expected volatility		38	%

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 years ended

December

31,

2016,

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	$	--
Granted		--			--
Exercised		--			--
Forfeited / Expired		(224,448	)		10.33
Outstanding Options at December 31, 2016		165,886		$	17.98		4.6	$	--

Exercisable Options at December 31, 2015		327,201		$	12.43		2.8	$	--
Exercisable Options at December 31, 2016		145,804		$	17.67		4.4	$	--

The total intrinsic value of options exercised by our employees during

2016,

2015

and

2014

for periods subsequent to the Spin-Off was

zero,

less than

$100,000

and

$0.2

million, respectively. The total intrinsic value of options exercised by our employees during

2014

for periods prior to the Spin-Off was

$5.0

million. Oil States received all cash from option exercises during

2014

for periods prior to the Spin-Off. The tax benefits realized for the tax deduction from options exercised during

2016,

2015

and

2014

for periods subsequent to the Spin-Off totaled

zero,

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 totaled

$0.2

million.

December

31,

2016,

unrecognized compensation cost related to options was less than

$100,000,

which is expected to be recognized over a weighted average period of

year.

The following table summarizes information for outstanding options of our employees at

December

31,

2016:

			Options Outstanding						Options Exercisable
Range of Exercise Prices			Number Outstanding as of December 31, 201 6		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable as of December 31, 201 6		Weighted Average Exercise Price

	$16.43			67,155		3.90	$	16.43		67,155	$	16.43
	$17.48			36,737		5.04	$	17.48		29,275	$	17.48
	$18.43			34,441		4.15	$	18.43		34,441	$	18.43
	$21.87			27,553		6.56	$	21.87		14,933	$	21.87
$16.43	-	$21.87		165,886		4.64	$	17.98		145,804	$	17.67

Restricted S

hare

Awards

/ Deferred S

hare

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 years ended

December

31,

2016,

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, 2015		1,313,564		$	7.29
Granted		584,283			1.64
Vested		(526,628	)		8.15
Forfeited		(72,847	)		7.04
Nonvested shares at December 31, 2016		1,298,372		$	4.41

The weighted average grant date fair value per share for restricted share and deferred share awards granted during

2016,

2015

and during

2014

subsequent to the Spin-Off was

$1.64,

$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

$100.43.

The total fair value of restricted share and deferred share awards vested during

2016,

2015

and

2014

for periods subsequent to the Spin-Off was

$0.6

million,

$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 was

$2.7

million. At

December

31,

2016,

unrecognized compensation cost related to restricted share and deferred share awards was

$4.2

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

1.6

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.

The following table presents the changes in phantom share awards outstanding and related information for our employees during the years ended

December

31,

2016,

2015

and

2014:

	Awards Granted under the Civeo Plan			Awards Granted under the Canadian Long- Term Incentive Plan
Nonvested shares at May 30, 2014		--			565,706
Granted		--			10,077
Vested		--			(109,455	)
Forfeited		--			(33,447	)
Nonvested shares at December 31, 2014		--			432,881
Granted		517,145			1,403,306
Vested		--			(202,284	)
Forfeited		(48,823	)		(304,025	)
Nonvested shares at December 31, 2015		468,322			1,329,878
Granted		3,732,763			3,099,194
Vested		(117,081	)		(491,149	)
Forfeited		(253,309	)		(1,498,654	)
Nonvested shares at December 31, 2016		3,830,695			2,439,269

December

31,

2016,

the balance of the liability for the phantom share awards was

$4.1

million. For the years ended

December

31,

2016,

2015

and

2014,

we made phantom share cash payments of

$0.5

million,

$0.8

million and

$3.9

million, respectively. At

December

31,

2016,

unrecognized compensation cost related to phantom shares was

$9.7

million, as remeasured at

December

31,

2016,

which is expected to be recognized over a weighted average period of

2.1

years. The weighted average grant date fair value of phantom shares granted during the years ended

December

31,

2016

and

2015

and the period from

May

30,

2014

December

31,

2014

was

$0.91,

$3.68

and

$23.17,

respectively.

erformance

Awards

February

23,

2016,

we granted

2,400,606

performance awards under the Civeo Plan, which cliff vest in

three

years on

February

23,

2019.

These awards will be earned in amounts between

and

200%

of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return (TSR) rank among a peer group of

other companies. Shareholder approval to grant these awards as equity awards to be settled in shares was obtained on

May

12,

2016.

Accordingly, the awards are being accounted for as equity awards, with a fair value of

$3.18

calculated as of

May

12,

2016.

The fair value of each performance award was estimated on the date of shareholder approval using a Monte Carlo simulation 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 performance share at the time of grant. The dividend yield on our common shares was assumed to be

zero

since we do not currently pay dividends. The expected market price volatility of our common shares was based on an estimate that considers the historical and implied volatility of our common shares as well as a peer group of companies over a time period equal to the expected term of the option. The initial TSR performance was based on historical performance of our common shares and the peer group’s common shares.

Risk-free weighted interest rate	0.92	%
Expected volatility	90.0	%
Initial TSR	93.7	%

The following table presents the changes in performance awards outstanding and related information for our employees during the year ended

December

31,

2016:

	Number of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2015		--		$	--
Granted		2,400,606			3.18
Vested		--			--
Forfeited		(448,922	)		3.18
Nonvested shares at December 31, 2016		1,951,684		$	3.18

During the year ended

December

2016,

we recognized compensation expense associated with performance awards totaling

$1.9

million. At

December

31,

2016,

unrecognized compensation cost related to performance awards was

$4.3

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

2.2

years.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References + Details

Note 16 - Segment and Related Information

12 Months Ended

Dec. 31, 2016

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,

2016,

2015

and

2014

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
201 6
Canada	$	278,464		$	--		$	278,464	$	80,837		$	(59,351	)	$	3,773		$	548,786
Australia		106,815			--			106,815		45,883			(6,853	)		5,682			376,008
United States		11,951			--			11,951		5,433			(24,616	)		6			29,799
Corporate, stand-alone adjustments and eliminations		--			--			--		(851	)		(4,940	)		10,318			(44,147	)
Total	$	397,230		$	--		$	397,230	$	131,302		$	(95,760	)	$	19,779		$	910,446

201 5
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			(9,728	)
Total	$	517,963		$	--		$	517,963	$	152,990		$	(145,003	)	$	62,451		$	1,066,529

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

Financial information by geographic segment for each of the

three

years ended

December

31,

2016,

2015

and

2014,

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
201 6
Revenues from unaffiliated customers	$	278,464	$	106,815	$	11,951	$	397,230
Long-lived assets		431,477		348,293		46,995		826,765

201 5
Revenues from unaffiliated customers	$	344,249	$	135,964	$	37,750	$	517,963
Long-lived assets		532,419		390,623		56,935		979,977

201 4
Revenues from unaffiliated customers	$	661,416	$	213,279	$	68,196	$	942,891
Long-lived assets		746,983		519,777		96,120		1,362,880

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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-Name Accounting Standards Codification
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+ Details

Note 17 - Related Party Transactions

12 Months Ended

Dec. 31, 2016

17.	RELATED PARTY TRANSACTIONS

Our related parties included Oil States until

May

30,

2014,

the effective date of the Spin-Off.

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

– 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

– 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

month (an aggregate of

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 year ended

December

31,

2014

$41.7

million 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 year ended

December

31,

2014

we were allocated

$2.8

million, 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 year ended

December

31,

2014

are as follows (in thousands):

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

(1)

Corporate allocations includes the general corporate expense allocations of

$2.8

million for the year ended

December

31,

2014,

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

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.

Note 18 - Valuation Accounts

12 Months Ended

Dec. 31, 2016

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, 201 6 :
Allowance for doubtful accounts receivable	$	1,121	$	(110	)	$	(377	)	$	4		$	638
Valuation allowance for deferred tax assets		115,087		15,051			(53,652	)		(329	)		76,157

Year Ended December 31, 201 5 :
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, 201 4 :
Allowance for doubtful accounts receivable	$	3,656	$	503		$	(51	)	$	(65	)	$	4,043
Valuation allowance for deferred tax assets		--		49,523			--			--			49,523

Note 19 - Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information [Text Block]

19.	QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table summarizes quarterly financial information for

2016

and

2015

(in thousands, except per share amounts):

	First Quarter (2)			Second Quarter (3)			Third Quarter (4)			Fourth Quarter (5)
201 6
Revenues	$	95,036		$	107,035		$	104,238		$	90,921
Gross profit (1)		29,093			42,449			36,274			29,764
Net income (loss) attributable to Civeo		(26,822	)		(11,486	)		(42,131	)		(15,949	)
Basic earnings (loss) per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)
Diluted earnings (loss) per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)

201 5
Revenues	$	170,987		$	143,147		$	106,544		$	97,285
Gross profit (1)		68,076			53,723			36,793			31,758
Net income attributable to Civeo		(16	)		(13,461	)		(107,685	)		(10,597	)
Basic earnings per share		0.00			(0.13	)		(1.01	)		(0.10	)
Diluted earnings per share		0.00			(0.13	)		(1.01	)		(0.10	)

(1)

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

(2)

In the

first

quarter of

2016,

we recognized the following items:

●

Costs associated with our planned migration to Canada of

$1.0

million

($0.7

million after-tax, or

$0.01

per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations

●

A charge of

$8.4

million

($8.4

million after-tax, or

$0.05

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 U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations

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

2016,

we recognized the following items:

●

Costs associated with our migration to Canada of

$0.2

million

($0.2

million after-tax, or

$0.00

per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations

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 accompanying consolidated statements of operations

(4)

In the

third

quarter of

2016,

we recognized the following items:

●

A charge of

$37.7

million

($27.5

million after-tax, or

$0.26

per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations.

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 accompanying 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 accompanying 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 accompanying consolidated statements of operations

●

$1.5

million, or

$0.01

per diluted share, of losses incurred on extinguishment of debt.

	(5)	In the fourth quarter of 2016, there were no significant items recognized.

		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 accompanying 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.

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, 2016

Subsequent Events [Text Block]

20.	SUBSEQUENT EVENTS

February

2017,

we closed a public offering of

23,000,000

common shares at

$3.00

per share. We expect to use the net proceeds of

$64.9

million from the offering to repay amounts outstanding under our revolving credit facilities and for general corporate purposes.

February

17,

2017,

we amended our Amended Credit Facility. Please see Note

– Debt for further information.

Significant Accounting Policies (Policies)	12 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2016
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 generally 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, 2016, 2015 and 2014, zero, $1.6 million and $2.3 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 2016, 2015 and 2014 related to our long-lived assets.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	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 consisted 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. Future impairment tests will be impacted by new accounting guidance which eliminates the second step of the goodwill impairment test. 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. Other Intangible Asset s. We amortize the cost of other intangible assets using the straight-line method 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, 2016, 2015, and 2014, we recognized approximately $(0.6) million, $9.0 million and $0.2 million in foreign currency gains (losses), respectively.
Foreign Exchange Risk, Policy [Policy Text Block]	Foreign 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, 2016, each of Imperial Oil and Fort Hills Energy LP accounted for more than 10% of our revenues. 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.
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. We also grant performance awards under the Civeo Plan. These awards will be earned in amounts between 0% and 200% of the participant’s target performance share award, based on the payout percentage associated with Civeo’s relative total shareholder return rank among a peer group of 12 other companies. 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.
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. 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, 2016, the maximum potential amount of future payments that we could be required to make under these guarantee agreements (letters of credit) was approximately $2.1 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 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, long-lived asset impairments 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 litigation, taxes, interest, insurance claims, warranty claims and contract claims and obligations.
New Accounting Pronouncements, Policy [Policy Text Block]	R ecent 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 June 2016, the FASB issued Accounting Standards Update (ASU) 2016 - 13, “Financial Instruments – Credit Losses” (ASU 2016 - 13). This new standard changes how companies will measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016 - 13 is effective for financial statements issued for reporting periods beginning after December 15, 2019 and interim periods within the reporting periods. We are currently evaluating the impact of this new standard on our consolidated financial statements. In March 2016, the FASB issued ASU 2016 - 09, “Improvements to Employee Share-Based Payment Accounting” (ASU 2016 - 09). This new standard requires companies to recognize the income tax effects of awards in the income statement when the awards vest or are settled. ASU 2016 - 09 is effective for financial statements issued for reporting periods beginning after December 15, 2016 and interim periods within the reporting periods. We expect to recognize a cumulative effect of change in accounting principle benefit of less than $1 million in the first quarter 2017 as a result of implementing this standard. In February 2016, the FASB issued ASU 2016 - 02, “Leases” (Topic 842), which replaces the existing guidance for lease accounting, Leases (Topic 840). ASU 2016 - 02 requires lessees to recognize a lease liability and a right-of-use asset for all leases with terms longer than 12 months. The guidance is effective for financial statements issued for reporting periods beginning after December 15, 2018 and interim periods within the reporting periods. An entity will be required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of this new standard on our consolidated financial statements. 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. Effective with our quarterly report on Form 10 -Q for the quarter ended March 31, 2016, we have adopted the provisions of ASU 2015 - 03. At December 31, 2015, as a result of our adoption of ASU 2015 - 03, we reclassified $4.7 million of debt issuance costs to reduce our recognized debt liabilities from other current assets ($1.3 million) and other non-current assets ($3.4 million) on the accompanying consolidated balance sheet. A portion of our debt issuance costs relate to revolving lines of credit and will accordingly continue to be included in “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 we currently plan to use the modified retrospective method of adoption. We continue to evaluate the impact of this new standard on our consolidated financial statements upon adoption. Our approach includes performing a detailed review of key contracts representative of our different businesses and comparing historical accounting policies and practices to the new standard.

Note 3 - Impairment Charges (Tables)

12 Months Ended

Dec. 31, 2016

Asset Impairment Charges [Table Text Block]

	Canada		Australia		U.S.		Total
Quarter ended March 31, 2016
Long-lived assets	$	--	$	--	$	8,400	$	8,400
Quarter ended September 30, 2016
Long-lived assets		37,729		--		--		37,729
Total	$	37,729	$	--	$	8,400	$	46,129

	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, 2016

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

	December 31, 2016			December 31, 201 5
Accounts receivable, net:
Trade	$	39,442		$	44,650
Unbilled revenue		16,063			16,649
Other		1,435			1,289
Total accounts receivable		56,940			62,588
Allowance for doubtful accounts		(638	)		(1,121	)
Total accounts receivable, net	$	56,302		$	61,467

Schedule of Inventory, Current [Table Text Block]

	December 31, 2016		December 31, 201 5
Inventories:
Finished goods and purchased products	$	1,700	$	1,854
Work in process		3		1,260
Raw materials		1,409		2,517
Total inventories	$	3,112	$	5,631

Property, Plant and Equipment [Table Text Block]

	Estimated Useful Life (in years)				December 31, 2016			December 31, 201 5
Property, plant and equipment, net:
Land					$	41,122		$	47,825
Accommodations assets		3	-	15		1,542,806			1,482,842
Buildings and leasehold improvements		5	-	20		28,104			29,099
Machinery and equipment		4	-	15		9,667			9,183
Office furniture and equipment		3	-	7		29,948			29,172
Vehicles		3	-	5		14,725			15,412
Construction in progress						35,196			52,558
Total property, plant and equipment						1,701,568			1,666,091
Accumulated depreciation						(911,858	)		(734,177	)
Total property, plant and equipment, net					$	789,710		$	931,914

Schedule of Accrued Liabilities [Table Text Block]

	December 31, 2016		December 31, 201 5
Accrued liabilities:
Accrued compensation	$	11,879	$	11,726
Accrued taxes, other than income taxes		727		963
Accrued interest		194		12
Other		1,578		2,133
Total accrued liabilities	$	14,378	$	14,834

Note 6 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2016

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

	201 6			201 5			201 4
Basic Loss per Share
Net loss attributable to Civeo	$	(96,388	)	$	(131,759	)	$	(189,043	)
Less: undistributed net income to participating securities		--			--			921
Net loss attributable to Civeo’s common shareholders - basic	$	(96,388	)	$	(131,759	)	$	(188,122	)

Weighted average common shares outstanding - basic		107,024			106,604			106,306

Basic loss per share	$	(0.90	)	$	(1.24	)	$	(1.77	)

Diluted Loss per Share
Net loss attributable to Civeo’s common shareholders – basic	$	(96,388	)	$	(131,759	)	$	(188,122	)
Less: undistributed net income to participating securities		--			--			--
Net loss attributable to Civeo’s common shareholders - diluted	$	(96,388	)	$	(131,759	)	$	(188,122	)


Weighted average common shares outstanding - basic		107,024			106,604			106,306
Effect of dilutive securities (1 )		--			--			--
Weighted average common shares outstanding - diluted		107,024			106,604			106,306

Diluted loss per share	$	(0.90	)	$	(1.24	)	$	(1.77	)

Note 7 - Supplemental Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2016

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

	201 6		201 5			201 4

Interest (net of amounts capitalized)	$	18,927	$	21,385		$	14,444
Income taxes paid, net of refunds		3,404		(5,169	)		43,237

Note 8 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Goodwill [Table Text Block]

	Canada			Australia		U.S.		Total
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 and 2016	$	--		$	--	$	--	$	--

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

	AS OF DECEMBER 31,
	2016					2015
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortizable Intangible Assets
Customer relationships	$	42,614	$	(28,804	)	$	43,668	$	(26,278	)
Contracts / agreements		35,499		(21,300	)		35,769		(17,885	)
Noncompete agreements		749		(749	)		795		(790	)
Total amortizable intangible assets	$	78,862	$	(50,853	)	$	80,232	$	(44,953	)

Indefinite-Lived Intangible Assets Not Subject to Amortization
Licenses		30		--			30		--
Total indefinite-lived intangible assets		30		--			30		--
Total intangible assets	$	78,892	$	(50,853	)	$	80,262	$	(44,953	)

Note 9 - Debt (Tables)

12 Months Ended

Dec. 31, 2016

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

	December 31, 2016		December 31, 2015
U.S. term loan, which matures on May 28, 2019; weighted average interest rate of 3.8% for the twelve month period ended December 31, 2016	$	24,375	$	49,375
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 4.1% for the twelve month period ended December 31, 2016		293,763		300,165
U.S. revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.7% for the twelve month period ended December 31, 2016		--		--
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 4.3% for the twelve month period ended December 31, 2016		23,089		52,020
Canadian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 4.9% for the twelve month period ended December 31, 2016		9,533		--
Australian revolving credit facility, which matures on May 28, 2019, weighted average interest rate of 5.2% for the twelve month period ended December 31, 2016		6,507		--
		357,267		401,560
Less: Unamortized debt issuance costs		3,996		4,683
Total debt		353,271		396,877
Less: Current portion of long-term debt, including unamortized debt issuance costs, net		15,471		17,461
Long-term debt, less current maturities	$	337,800	$	379,416

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

2017	$	15,667
2018		15,667
2019		325,933
	$	357,267

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

Period Ended	Maximum Leverage Ratio
December 31, 2016 (no change)		5.50	:	1.00
March 31, 2017 (no change)		5.25	:	1.00
June 30, 2017 (no change)		5.25	:	1.00
September 30, 2017		5.85	:	1.00
December 31, 2017		5.85	:	1.00
March 31, 2018		5.85	:	1.00
June 30, 2018		5.85	:	1.00
September 30, 2018		5.85	:	1.00
December 31, 2018		5.50	:	1.00
March 31, 2019 & thereafter		5.25	:	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=64930739&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=64930785&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=64930785&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, 2016

Schedule of Asset Retirement Obligations [Table Text Block]

	2016		201 5

Asset retirement obligations	$	17,584	$	17,299
Less: Asset retirement obligations due within one year*		2,374		--
Long-term asset retirement obligations	$	15,210	$	17,299

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

	201 6			201 5			201 4
Balance as of January 1	$	17,299		$	21,610		$	6,095
Accretion of discount		1,351			1,292			336
New obligations		--			81			797
Change in estimates of existing obligations		(1,182	)		(2,366	)		14,838
Settlement of obligations		(376	)		(132	)		--
Foreign currency translation		492			(3,186	)		(456	)
Balance as of December 31	$	17,584		$	17,299		$	21,610

Note 12 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

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

	2016			2015			2014
Canada operations	$	(87,234	)	$	(73,691	)	$	119,509
Foreign operations		(28,698	)		(90,062	)		(275,792	)
Total	$	(115,932	)	$	(163,753	)	$	(156,283	)

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

	2016			2015			2014
Current:
Canada	$	(8,646	)	$	(820	)	$	27,046
Foreign		1,749			1,906			--
Total	$	(6,897	)	$	1,086		$	27,046

Deferred:
Canada	$	(12,169	)	$	(2,707	)	$	23
Foreign		(1,039	)		(31,468	)		4,310
Total	$	(13,208	)	$	(34,175	)	$	4,333

Total Provision (Benefit)	$	(20,105	)	$	(33,089	)	$	31,379

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

	2016					2015					2014
Federal tax provision (benefit) at statutory rates	$	(31,302	)	27.0	%	$	(44,213	)	27.0	%	$	(54,699	)	35.0	%
Effect of foreign income tax, net		(6,593	)	5.7	%		(15,088	)	9.2	%		(10,599	)	6.8	%
Goodwill impairment		--		--			11,533		(7.0	%)		19,798		(12.7	%)
Valuation allowance		15,051		(13.0	%)		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		3,038		(2.6	%)		17,600		(10.8	%)		--		--
Deemed income from foreign subsidiaries		1,108		(1.0	%)		4,190		(2.6	%)		--		--
Enacted tax rate change		712		(0.6	%)		3,332		(2.0	%)		--		--
Other, net		(2,119	)	1.8	%		3,674		(2.2	%)		(567	)	0.4	%
Net income tax provision (benefit)	$	(20,105	)	17.3	%	$	(33,089	)	20.2	%	$	31,379		(20.1	%)

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

	2016			2015
Deferred tax assets:
Net operating loss	$	49,810		$	12,528
Foreign tax credits		--			58,906
Allowance for doubtful accounts		--			--
Employee benefits		6,952			5,326
Deductible goodwill and other intangibles		45,262			43,857
Other reserves		4,773			6,342
Unearned revenue		1,776			2,894
Other		1,588			1,893
Deferred tax assets		110,161			131,746
Valuation allowance		(76,157	)		(115,087	)
Deferred tax assets, net	$	34,004		$	16,659
Deferred tax liabilities:
Depreciation	$	(42,701	)	$	(41,312	)
Investment		(497	)		(738	)
Deferred tax liabilities		(43,198	)		(42,050	)
Net deferred tax liability	$	(9,194	)	$	(25,391	)

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

	Amount		Expiration Period
Net operating loss carryforwards:
Canada	$	80,307	Begins to expire in 2035
Australia		51,286	Does not expire
U.S. – Federal		21,138	Expires in 2036
U.S. – State		111,242	Begins to expire in 2020

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	)
Change in income tax provision		--			(6,834	)		(8,217	)		(15,051	)
Write-off of U.S. foreign tax credits		58,906			--			--			58,906
Other change		--			(285	)		(4,969	)		(5,254	)
Foreign currency translation		--			2			327			329
Balance as of December 31, 2016	$	--		$	(61,416	)	$	(14,741	)	$	(76,157	)

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

	2016			2015		2014
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		(679	)		--		--
Balance as of December 31	$	--		$	679	$	679

Note 13 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2016

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

2017	$	4,260
2018		3,467
2019		3,065
2020		2,835
2021		1,822
Thereafter		7,920
Total	$	23,369

Note 15 - Share Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

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

	201 4 (prior to Spin-Off)
Risk-free weighted interest rate		1.27	%
Expected life (in years)		4.1
Expected volatility		38	%

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	$	--
Granted		--			--
Exercised		--			--
Forfeited / Expired		(224,448	)		10.33
Outstanding Options at December 31, 2016		165,886		$	17.98		4.6	$	--

Exercisable Options at December 31, 2015		327,201		$	12.43		2.8	$	--
Exercisable Options at December 31, 2016		145,804		$	17.67		4.4	$	--

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, 201 6		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable as of December 31, 201 6		Weighted Average Exercise Price

	$16.43			67,155		3.90	$	16.43		67,155	$	16.43
	$17.48			36,737		5.04	$	17.48		29,275	$	17.48
	$18.43			34,441		4.15	$	18.43		34,441	$	18.43
	$21.87			27,553		6.56	$	21.87		14,933	$	21.87
$16.43	-	$21.87		165,886		4.64	$	17.98		145,804	$	17.67

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, 2015		1,313,564		$	7.29
Granted		584,283			1.64
Vested		(526,628	)		8.15
Forfeited		(72,847	)		7.04
Nonvested shares at December 31, 2016		1,298,372		$	4.41

Schedule of Share-based Payment Award, Performance Share Awards, Valuation Assumptions [Table Text Block]

Risk-free weighted interest rate	0.92	%
Expected volatility	90.0	%
Initial TSR	93.7	%

Performance Shares [Member] | Civeo Plan [Member]

Share-based Compensation, Performance Shares Award Unvested Activity [Table Text Block]

	Number of Awards			Weighted Average Grant Date Fair Value Per Share
Nonvested shares at December 31, 2015		--		$	--
Granted		2,400,606			3.18
Vested		--			--
Forfeited		(448,922	)		3.18
Nonvested shares at December 31, 2016		1,951,684		$	3.18

Phantom Share Units (PSUs) [Member]

Schedule of Nonvested Share Activity [Table Text Block]

	Awards Granted under the Civeo Plan			Awards Granted under the Canadian Long- Term Incentive Plan
Nonvested shares at May 30, 2014		--			565,706
Granted		--			10,077
Vested		--			(109,455	)
Forfeited		--			(33,447	)
Nonvested shares at December 31, 2014		--			432,881
Granted		517,145			1,403,306
Vested		--			(202,284	)
Forfeited		(48,823	)		(304,025	)
Nonvested shares at December 31, 2015		468,322			1,329,878
Granted		3,732,763			3,099,194
Vested		(117,081	)		(491,149	)
Forfeited		(253,309	)		(1,498,654	)
Nonvested shares at December 31, 2016		3,830,695			2,439,269

Note 16 - Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2016

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
201 6
Canada	$	278,464		$	--		$	278,464	$	80,837		$	(59,351	)	$	3,773		$	548,786
Australia		106,815			--			106,815		45,883			(6,853	)		5,682			376,008
United States		11,951			--			11,951		5,433			(24,616	)		6			29,799
Corporate, stand-alone adjustments and eliminations		--			--			--		(851	)		(4,940	)		10,318			(44,147	)
Total	$	397,230		$	--		$	397,230	$	131,302		$	(95,760	)	$	19,779		$	910,446

201 5
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			(9,728	)
Total	$	517,963		$	--		$	517,963	$	152,990		$	(145,003	)	$	62,451		$	1,066,529

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

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

	Canada		Australia		U.S. and Other		Total
201 6
Revenues from unaffiliated customers	$	278,464	$	106,815	$	11,951	$	397,230
Long-lived assets		431,477		348,293		46,995		826,765

201 5
Revenues from unaffiliated customers	$	344,249	$	135,964	$	37,750	$	517,963
Long-lived assets		532,419		390,623		56,935		979,977

201 4
Revenues from unaffiliated customers	$	661,416	$	213,279	$	68,196	$	942,891
Long-lived assets		746,983		519,777		96,120		1,362,880

Note 17 - Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Cash Flow Statement [Table Text Block]

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

Note 18 - Valuation Accounts (Tables)

12 Months Ended

Dec. 31, 2016

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, 201 6 :
Allowance for doubtful accounts receivable	$	1,121	$	(110	)	$	(377	)	$	4		$	638
Valuation allowance for deferred tax assets		115,087		15,051			(53,652	)		(329	)		76,157

Year Ended December 31, 201 5 :
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, 201 4 :
Allowance for doubtful accounts receivable	$	3,656	$	503		$	(51	)	$	(65	)	$	4,043
Valuation allowance for deferred tax assets		--		49,523			--			--			49,523

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

12 Months Ended

Dec. 31, 2016

Quarterly Financial Information [Table Text Block]

	First Quarter (2)			Second Quarter (3)			Third Quarter (4)			Fourth Quarter (5)
201 6
Revenues	$	95,036		$	107,035		$	104,238		$	90,921
Gross profit (1)		29,093			42,449			36,274			29,764
Net income (loss) attributable to Civeo		(26,822	)		(11,486	)		(42,131	)		(15,949	)
Basic earnings (loss) per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)
Diluted earnings (loss) per share		(0.25	)		(0.11	)		(0.39	)		(0.15	)

201 5
Revenues	$	170,987		$	143,147		$	106,544		$	97,285
Gross profit (1)		68,076			53,723			36,793			31,758
Net income attributable to Civeo		(16	)		(13,461	)		(107,685	)		(10,597	)
Basic earnings per share		0.00			(0.13	)		(1.01	)		(0.10	)
Diluted earnings per share		0.00			(0.13	)		(1.01	)		(0.10	)

Note 1 - Description of Business and Basis of Presentation (Details Textual) $ in Thousands			1 Months Ended	3 Months Ended			12 Months Ended
	Jul. 17, 2015	May 28, 2014 USD ($)	May 30, 2014 shares	Mar. 31, 2016 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	May 05, 2014
Number of Reportable Segments							3
Number of Companies Separated in Spin-off										2
Payments of Distributions to Affiliates									$ 750,000
Substantial Business Activity Threshold	25.00%
Approximate Percentage of Operations in Canada	50.00%
Redomicile Transaction, Costs Incurred							1,300	7,000	2,600
Interest Expense							22,667	22,585	14,396
Gain (Loss) on Extinguishment of Debt				$ (300)	$ (1,500)	$ (3,500)	(302)	(1,474)	(3,455)
Costs Incurred, Development Costs									$ 4,350
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)						$ 9,000
Credit Facility [Member]
Debt Instrument, Face Amount		$ 1,400,000
Amended Credit Facility [Member]
Credit Facility Costs Incurred							2,100	5,500
Debt Issuance Costs, Net							2,000	4,800
Interest Expense							100	$ 700
US Term Loan [Member]
Debt Instrument, Term		5 years
Debt Instrument, Face Amount		$ 775,000					350,000
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 650,000					$ 350,000
Debt Instrument, Term		5 years
Spinoff [Member]
Stock Issued During Period, Shares, New Issues \| shares			106,538,044
Spinoff [Member] \| Cash [Member]
Payments of Distributions to Affiliates		$ 750,000

Note 2 - Summary of Significant Accounting Policies (Details Textual) $ in Thousands		11 Months Ended	12 Months Ended
	Feb. 23, 2016	Dec. 13, 2016	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2017 USD ($)
Interest Costs Capitalized			$ 0	$ 1,600	$ 2,300
Fair Value Inputs, Long-term Revenue Growth Rate			3.00%
Guarantor Obligations, Maximum Exposure, Undiscounted			$ 2,100
Unamortized Debt Issuance Expense			3,996	4,683
Other Current Assets [Member]
Unamortized Debt Issuance Expense				1,300
Other Noncurrent Assets [Member]
Unamortized Debt Issuance Expense				3,400
Foreign Bank Deposits [Member]
Foreign Currency Transaction Gain (Loss), Realized			$ (600)	$ 9,000	$ 200
Minimum [Member]
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple			6.5
Minimum [Member] \| Civeo Plan [Member] \| Performance Shares [Member]
Target Performance Share Award, Percentage	0.00%	0.00%
Maximum [Member]
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple			9.5
Maximum [Member] \| Scenario, Forecast [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption						$ 1,000
Maximum [Member] \| Civeo Plan [Member] \| Performance Shares [Member]
Target Performance Share Award, Percentage	200.00%	200.00%

Note 3 - Impairment Charges (Details Textual) - USD ($)	3 Months Ended							12 Months Ended
Note 3 - Impairment Charges (Details Textual) - USD ($)	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impairment of Long-Lived Assets Held-for-use	$ 37,729,000	$ 8,400,000	$ 65,061,000	$ 9,473,000	$ 2,738,000	$ 72,973,000	$ 2,621,000
Asset Impairment Charges	46,129,000		122,926,000			290,508,000		$ 46,129,000	$ 122,926,000	$ 290,508,000
Inventory Write-down								$ 850,000	$ 1,015,000
Goodwill, Impairment Loss			43,194,000			202,729,000
Impairment of Intangible Assets, Finite-lived			2,460,000			3,196,000	8,989,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)							9,000,000
MEXICO
Asset Impairment Charges							2,600,000
Assets Excluding Goodwill [Member]
Asset Impairment Charges						76,200,000
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	37,729,000		23,041,000			17,197,000
Property, Plant, and Equipment, Fair Value Disclosure						4,600,000				4,600,000
Asset Impairment Charges	37,729,000		66,235,000			17,197,000
Goodwill			0
Goodwill, Impairment Loss			43,194,000
Impairment of Intangible Assets, Finite-lived
Canadian Segment [Member] \| Asset Impairment Fourth Quarter of 2014 [Member]
Impairment of Long-Lived Assets Held-for-use			11,900,000
Canadian Segment [Member] \| Mobile Camp Assets [Member]
Property, Plant, and Equipment, Fair Value Disclosure	26,600,000
Canadian Segment [Member] \| Undeveloped Land Positions [Member]
Property, Plant, and Equipment, Fair Value Disclosure	5,600,000
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
Property, Plant, and Equipment, Fair Value Disclosure			12,600,000
Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use			23,980,000	9,473,000
Property, Plant, and Equipment, Fair Value Disclosure			10,300,000	$ 100,000
Asset Impairment Charges			33,453,000			195,086,000
Goodwill, Impairment Loss						186,097,000
Impairment of Intangible Assets, Finite-lived							8,989,000
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)							9,000,000
Australian Segment [Member] \| Intangible Asset Associated with the MAC Brand [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill), Fair Value Disclosure							$ 0
US Segment [Member]
Impairment of Long-Lived Assets Held-for-use			18,000,000			55,800,000
Property, Plant, and Equipment, Fair Value Disclosure			9,500,000			51,700,000				$ 51,700,000
Asset Impairment Charges			20,500,000
Goodwill, Impairment Loss						16,600,000
Impairment of Intangible Assets, Finite-lived			$ 2,500,000			3,200,000
US Segment [Member] \| Assets Excluding Goodwill [Member]
Asset Impairment Charges						$ 59,000,000
Johnstown Facility [Member]
Impairment of Long-Lived Assets to be Disposed of		8,400,000			2,700,000
Impairment of Long-Lived Assets Held-for-use		$ 3,800,000
Disposal Group, Including Discontinued Operation, Assets, Current					8,700,000
Inventory Write-down					$ 1,100,000

Note 3 - Impairment Charges - Summary of Pre-tax Impairment Charges Included in Impairment Expense (Details) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Sep. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impairment of Long-Lived Assets Held-for-use	$ 37,729	$ 8,400	$ 65,061	$ 9,473	$ 2,738	$ 72,973	$ 2,621
Impairment expense	46,129		122,926			290,508		$ 46,129	$ 122,926	$ 290,508
Goodwill			43,194			202,729
Intangible assets			2,460			3,196	8,989
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	37,729		23,041			17,197
Impairment expense	37,729		66,235			17,197
Goodwill			43,194
Intangible assets
Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use			23,980	9,473
Impairment expense			33,453			195,086
Goodwill						186,097
Intangible assets							8,989
US Segment and Other [Member]
Impairment of Long-Lived Assets Held-for-use		$ 8,400	18,040		$ 2,738	55,776	2,621
Impairment expense	$ 8,400		23,238			78,225
Goodwill						16,632
Intangible assets			$ 2,460			$ 3,196

Note 5 - Details of Selected Balance Sheet Accounts (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Inventory Write-down	$ 850	$ 1,015
Cost of Sales [Member] \| Canadian Segment [Member]
Inventory Write-down	$ 900

Note 5 - Details of Selected Balance Sheet Accounts - Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accounts receivable, net:
Accounts Receivable, Gross, Current	$ 56,940	$ 62,588
Allowance for doubtful accounts	(638)	(1,121)
Total accounts receivable, net	56,302	61,467
Trade Accounts Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	39,442	44,650
Unbilled Revenue [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	16,063	16,649
Other Receivable [Member]
Accounts receivable, net:
Accounts Receivable, Gross, Current	$ 1,435	$ 1,289

Note 5 - Details of Selected Balance Sheet Accounts - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventories:
Finished goods and purchased products	$ 1,700	$ 1,854
Work in process	3	1,260
Raw materials	1,409	2,517
Total inventories	$ 3,112	$ 5,631

Note 5 - Details of Selected Balance Sheet Accounts - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Property, Plant, and Equipment, Gross	$ 1,701,568	$ 1,666,091
Accumulated depreciation	(911,858)	(734,177)
Total property, plant and equipment, net	789,710	931,914
Land [Member]
Property, Plant, and Equipment, Gross	41,122	47,825
Accommodations Assets [Member]
Property, Plant, and Equipment, Gross	$ 1,542,806	1,482,842
Accommodations Assets [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	3 years
Accommodations Assets [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	15 years
Building and Building Improvements [Member]
Property, Plant, and Equipment, Gross	$ 28,104	29,099
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	20 years
Machinery and Equipment [Member]
Property, Plant, and Equipment, Gross	$ 9,667	9,183
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	4 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	15 years
Furniture and Fixtures [Member]
Property, Plant, and Equipment, Gross	$ 29,948	29,172
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	7 years
Vehicles [Member]
Property, Plant, and Equipment, Gross	$ 14,725	15,412
Vehicles [Member] \| Minimum [Member]
Property, Plant, and Equipment, Useful Life (Year)	3 years
Vehicles [Member] \| Maximum [Member]
Property, Plant, and Equipment, Useful Life (Year)	5 years
Construction in Progress [Member]
Property, Plant, and Equipment, Gross	$ 35,196	$ 52,558

Note 5 - Details of Selected Balance Sheet Accounts - Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accrued liabilities:
Accrued compensation	$ 11,879	$ 11,726
Accrued taxes, other than income taxes	727	963
Accrued interest	194	12
Other	1,578	2,133
Total accrued liabilities	$ 14,378	$ 14,834

Note 6 - Earnings Per Share (Details Textual) - shares	12 Months Ended
Note 6 - Earnings Per Share (Details Textual) - shares	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 30, 2014
Common Stock, Shares, Issued	108,171,329	107,470,861
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,300,000	1,300,000	700,000
Spinoff [Member] \| Common Stock, Civeo [Member]
Common Stock, Shares, Issued				106,538,044

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

3 Months Ended

12 Months Ended

Dec. 31, 2016

^[1]

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2015

^[1]

Sep. 30, 2015

^[2]

Jun. 30, 2015

^[3]

Mar. 31, 2015

^[4]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Net loss attributable to Civeo

$ (15,949)

$ (42,131)

$ (11,486)

$ (26,822)

$ (10,597)

$ (107,685)

$ (13,461)

$ (16)

$ (96,388)

$ (131,759)

$ (189,043)

Less: undistributed net income to participating securities

921

Net loss attributable to Civeo’s common shareholders - basic

$ (96,388)

$ (131,759)

$ (188,122)

Weighted average common shares outstanding - basic (in shares)

107,024

106,604

106,306

Basic net loss per share attributable to Civeo Corporation common shareholders (in dollars per share)

$ (0.15)

$ (0.39)

$ (0.11)

$ (0.25)

$ (0.10)

$ (1.01)

$ (0.13)

$ 0

$ (0.90)

$ (1.24)

$ (1.77)

Net loss attributable to Civeo’s common shareholders – basic

$ (96,388)

$ (131,759)

$ (188,122)

Less: undistributed net income to participating securities

Net loss attributable to Civeo’s common shareholders - diluted

$ (96,388)

$ (131,759)

$ (188,122)

Effect of dilutive securities (1) (in shares)

^[5]

Weighted average common shares outstanding - diluted (in shares)

107,024

106,604

106,306

Diluted net loss per share attributable to Civeo Corporation common shareholders. (in dollars per share)

$ (0.15)

$ (0.39)

$ (0.11)

$ (0.25)

$ (0.10)

$ (1.01)

$ (0.13)

$ 0

$ (0.90)

$ (1.24)

$ (1.77)

[1]	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 accompanying 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. 126 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 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.
[2]	In the third quarter of 2016, we recognized the following items: ? A charge of $37.7 million ($27.5 million after-tax, or $0.26 per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations. 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 accompanying 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 accompanying 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 accompanying consolidated statements of operations. ? $1.5 million, or $0.01 per diluted share, of losses incurred on extinguishment of debt.
[3]	In the second quarter of 2016, we recognized the following items: ? Costs associated with our migration to Canada of $0.2 million ($0.2 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. 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 accompanying consolidated statements of operations.
[4]	In the first quarter of 2016, we recognized the following items: ? Costs associated with our planned migration to Canada of $1.0 million ($0.7 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. ? A charge of $8.4 million ($8.4 million after-tax, or $0.05 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 U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations. 125 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 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]	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, 2016, 2015 and 2014.

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 - Supplemental Cash Flow Information - Cash Paid for Interest and Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest (net of amounts capitalized)	$ 18,927	$ 21,385	$ 14,444
Income taxes paid, net of refunds	$ 3,404	$ (5,169)	$ 43,237

Note 8 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets, Remaining Amortization Period	4 years 36 days	5 years 36 days
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 6.9
Finite-Lived Intangible Assets, Amortization Expense, Year Five	0.2
Amortization of Intangible Assets	7.2	$ 7.6	$ 9.6
Finite-Lived Intangible Assets, Amortization Expense, Year Three	6.9
Finite-Lived Intangible Assets, Amortization Expense, Year Four	6.9
Finite-Lived Intangible Assets, Amortization Expense, Year Two	$ 6.9

Note 8 - Goodwill and Other Intangible Assets - Goodwill Carrying Amount (Details) $ in Thousands	24 Months Ended
	Dec. 31, 2016 USD ($)
Balance	$ 45,260
Foreign currency translation	(2,066)
Goodwill impairment	(43,194)
Balance
Canadian Segment [Member]
Balance	45,260
Foreign currency translation	(2,066)
Goodwill impairment	(43,194)
Balance
Australian Segment [Member]
Balance
Foreign currency translation
Goodwill impairment
Balance
US Segment [Member]
Balance
Foreign currency translation
Goodwill impairment
Balance

Note 8 - Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amortizable Intangible Assets, Gross Carrying Amount	$ 78,862	$ 80,232
Amortizable Intangible Assets, Accumulated Amortization	(50,853)	(44,953)
Indefinite-Lived Intangible Assets Not Subject to Amortization	30	30
Total Intangible Assets, Gross Carrying Amount	78,892	80,262
Licenses and Other [Member]
Indefinite-Lived Intangible Assets Not Subject to Amortization	30	30
Customer Relationships [Member]
Amortizable Intangible Assets, Gross Carrying Amount	42,614	43,668
Amortizable Intangible Assets, Accumulated Amortization	(28,804)	(26,278)
Customer Contracts [Member]
Amortizable Intangible Assets, Gross Carrying Amount	35,499	35,769
Amortizable Intangible Assets, Accumulated Amortization	(21,300)	(17,885)
Noncompete Agreements [Member]
Amortizable Intangible Assets, Gross Carrying Amount	749	795
Amortizable Intangible Assets, Accumulated Amortization	$ (749)	$ (790)

Note 9 - Debt (Details Textual) $ in Millions		12 Months Ended	14 Months Ended
Note 9 - Debt (Details Textual) $ in Millions	Feb. 17, 2017 USD ($)	Dec. 31, 2016 USD ($)	Feb. 16, 2017	May 28, 2014 USD ($)
Number of Lenders		15
Minimum [Member]
Lender Commitments, Within Credit Agreement		$ 1.2
Maximum [Member]
Lender Commitments, Within Credit Agreement		$ 135.7
Subsequent Event [Member]
Interest Coverage Ratio	3
Leverage Ratio	5.5
Third Amended Credit Facility [Member] \| Subsequent Event [Member] \| Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.51%
Third Amended Credit Facility [Member] \| Subsequent Event [Member] \| Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	1.24%
Third Amended Credit Facility [Member] \| Subsequent Event [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Third Amended Credit Facility [Member] \| Subsequent Event [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	5.50%
Second Amendment [Member] \| Minimum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.51%
Second Amendment [Member] \| Maximum [Member]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage			1.13%
US Term Loan [Member]
Debt Instrument, Face Amount		$ 350.0		$ 775.0
Line of Credit [Member] \| Subsequent Event [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Minimum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| Subsequent Event [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Maximum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] \| Subsequent Event [Member] \| Base Rate [Member] \| Minimum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] \| Subsequent Event [Member] \| Base Rate [Member] \| Minimum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	1.25%
Line of Credit [Member] \| Subsequent Event [Member] \| Base Rate [Member] \| Maximum [Member] \| United States of America, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] \| Subsequent Event [Member] \| Base Rate [Member] \| Maximum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	4.50%
Line of Credit [Member] \| Subsequent Event [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Minimum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| Subsequent Event [Member] \| Canadian Dealer Offered Rate (CDOR) [Member] \| Maximum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Line of Credit [Member] \| Subsequent Event [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Minimum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	2.25%
Line of Credit [Member] \| Subsequent Event [Member] \| Bank Bill Swap Bid Rate (BBSY) [Member] \| Maximum [Member] \| Canada, Dollars
Debt Instrument, Basis Spread on Variable Rate	5.50%
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		350.0		$ 650.0
Revolving Credit Facility [Member] \| Third Amended Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 275.0
Line of Credit Facility, Increase (Decrease), Net	(75.0)
U.S. Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		50.0
Letters of Credit Outstanding, Amount		0.4
U.S. Facility [Member] \| Third Amended Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	60.0
Canadian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		100.0
Letters of Credit Outstanding, Amount		0.6
Canadian Credit Facility [Member] \| Third Amended Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	90.0
Australian Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		100.0
Letters of Credit Outstanding, Amount		0.6
Australian Credit Facility [Member] \| Third Amended Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	85.0
U.S. Subsidiaries Credit Facility [Member] \| Third Amended Credit Facility [Member] \| Subsequent Event [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 40.0
Bank Guarantee Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		2.0
Bank Guarantee Outstanding		$ 0.8

Note 9 - Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Term loan	$ 357,267	$ 401,560
Less: Unamortized debt issuance costs	3,996	4,683
Total debt	353,271	396,877
Less: Current portion of long-term debt, including unamortized debt issuance costs, net	15,471	17,461
Long-term debt, less current maturities	337,800	379,416
US Term Loan [Member]
Term loan	24,375	49,375
Canadian Term Loan [Member]
Term loan	293,763	300,165
US Revolving Credit Facility [Member]
Term loan
Canadian Credit Facility 1 [Member]
Term loan	23,089	52,020
Canadian Credit Facility 2 [Member]
Term loan	9,533
Australian Credit Facility [Member]
Term loan	$ 6,507

Note 9 - Debt - Long-term Debt (Details) (Parentheticals)	12 Months Ended
	Dec. 31, 2016
US Term Loan [Member]
Term loan, matures	May 28, 2019
Term loan, weighted-average interest rate	3.80%
Canadian Term Loan [Member]
Term loan, matures	May 28, 2019
Term loan, weighted-average interest rate	4.10%
Term loan, interest rate	1.25%
US Revolving Credit Facility [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	5.70%
Canadian Credit Facility 1 [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	4.30%
Canadian Credit Facility 2 [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	4.90%
Australian Credit Facility [Member]
Term loan, matures	May 28, 2019
Line of credit facility, interest rate	5.20%

Note 9 - Debt - Long-term Debt Maturities (Details) $ in Thousands	Dec. 31, 2016 USD ($)
2017	$ 15,667
2018	15,667
2019	325,933
Total Debt	$ 357,267

Note 9 - Debt - Changes to Maximum Leverage Ratio (Details)	12 Months Ended
	Dec. 31, 2016
December 31, 2016 [Member]
Maximum Leverage Ratio	5.5
March 31, 2017 [Member]
Maximum Leverage Ratio	5.25
June 30, 2017 [Member]
Maximum Leverage Ratio	5.25
September 30, 2017 [Member]
Maximum Leverage Ratio	5.85
December 31, 2017 [Member]
Maximum Leverage Ratio	5.85
March 31, 2018 [Member]
Maximum Leverage Ratio	5.85
June 30, 2018 [Member]
Maximum Leverage Ratio	5.85
September 30, 2018 [Member]
Maximum Leverage Ratio	5.85
December 31, 2018 [Member]
Maximum Leverage Ratio	5.5
March 31, 2019 & Thereafter [Member]
Maximum Leverage Ratio	5.25

Note 10 - Retirement Plans (Details Textual) - USD ($)	12 Months Ended
Note 10 - Retirement Plans (Details Textual) - USD ($)	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Plan, Cost Recognized	$ 6,400,000	$ 9,600,000	$ 16,300,000
Australian Segment [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	9.50%
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%
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] \| 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%
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	$ 13,005
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	$ 25,370

Note 11 - Asset Retirement Obligations (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligation, Accretion Expense	$ 1,351	$ 1,292	$ 336
Asset Retirement Obligation, Revision of Estimate	$ (1,182)	$ (2,366)	$ 14,838

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

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Asset retirement obligations

$ 17,584

$ 17,299

$ 21,610

$ 6,095

Less: Asset retirement obligations due within one year*

^[1]

2,374

Long-term asset retirement obligations

$ 15,210

$ 17,299

[1]	Classified as a current liability on the consolidated balance sheets, under the caption "Other current liabilities." Related to remediation work planned during 2017.

Note 11 - Asset Retirement Obligations - Change in Asset Retirement Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance, beginning	$ 17,299	$ 21,610	$ 6,095
Accretion of discount	1,351	1,292	336
New obligations		81	797
Change in estimates of existing obligations	(1,182)	(2,366)	14,838
Settlement of obligations	(376)	(132)
Foreign currency translation	492	(3,186)	(456)
Balance, ending	$ 17,584	$ 17,299	$ 21,610

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2016	Sep. 30, 2015	Dec. 31, 2014	Dec. 31, 2013
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Tax Effects of Restructuring, Amount	$ 58,906
Deferred Tax Liabilities, Undistributed Foreign Earnings, Reversal	25,300
Unrecognized Tax Benefits	679	$ 0		$ 679	$ 679
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	300	0
Foreign Tax Authority [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Tax Effects of Restructuring, Amount	$ 58,900
Foreign Tax Authority [Member] \| Australian Taxation Office [Member]
Liability for Uncertainty in Income Taxes, Current		$ 700	$ 8,100

Note 12 - Income Taxes - Consolidated Pre-tax Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Canada operations	$ (87,234)	$ (73,691)	$ 119,509
Foreign operations	(28,698)	(90,062)	(275,792)
Loss before income taxes	$ (115,932)	$ (163,753)	$ (156,283)

Note 12 - Income Taxes - Components of Income Tax Provision (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
Canada	$ (8,646)	$ (820)	$ 27,046
Foreign	1,749	1,906
Total	(6,897)	1,086	27,046
Deferred:
Canada	(12,169)	(2,707)	23
Foreign	(1,039)	(31,468)	4,310
Total	(13,208)	(34,175)	4,333
Total Provision (Benefit)	$ (20,105)	$ (33,089)	$ 31,379

Note 12 - Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Federal tax provision (benefit) at statutory rates, amount	$ (31,302)	$ (44,213)	$ (54,699)
Federal tax provision (benefit) at statutory rates	27.00%	27.00%	35.00%
Effect of foreign income tax, net, amount	$ (6,593)	$ (15,088)	$ (10,599)
Effect of foreign income tax, net	5.70%	9.20%	6.80%
Goodwill impairment, amount		$ 11,533	$ 19,798
Goodwill impairment		(7.00%)	(12.70%)
Valuation allowance, amount	$ 15,051	$ 11,189	$ 51,369
Valuation allowance	(13.00%)	(6.80%)	(32.90%)
Tax on future unremitted earnings, amount		$ (25,306)	$ 26,077
Tax on future unremitted earnings		15.40%	(16.70%)
Tax effects of restructuring, amount	$ 3,038	$ 17,600
Tax effects of restructuring	(2.60%)	(10.80%)
Deemed income from foreign subsidiaries, amount	$ 1,108	$ 4,190
Deemed income from foreign subsidiaries	(1.00%)	(2.60%)
Enacted tax rate change, amount	$ 712	$ 3,332
Enacted tax rate change	(0.60%)	(2.00%)
Other, net, amount	$ (2,119)	$ 3,674	$ (567)
Other, net	1.80%	(2.20%)	0.40%
Net income tax provision (benefit), amount	$ (20,105)	$ (33,089)	$ 31,379
Net income tax provision (benefit)	17.30%	20.20%	(20.10%)

Note 12 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Net operating loss	$ 49,810	$ 12,528
Foreign tax credits		58,906
Allowance for doubtful accounts
Employee benefits	6,952	5,326
Deductible goodwill and other intangibles	45,262	43,857
Other reserves	4,773	6,342
Unearned revenue	1,776	2,894
Other	1,588	1,893
Deferred tax assets	110,161	131,746
Valuation allowance	(76,157)	(115,087)	$ (49,523)
Deferred tax assets, net	34,004	16,659
Deferred tax liabilities:
Depreciation	(42,701)	(41,312)
Investment	(497)	(738)
Deferred tax liabilities	(43,198)	(42,050)
Net deferred tax liability	$ (9,194)	$ (25,391)

Note 12 - Income Taxes - NOL and Tax Credit Carryforwards (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Foreign Tax Authority [Member] \| Canada Revenue Agency [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	$ 80,307
Foreign Tax Authority [Member] \| Australian Taxation Office [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	51,286
Domestic Tax Authority [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	21,138
State and Local Jurisdiction [Member]
Net operating loss carryforwards:
Net operating loss carryforwards	$ 111,242

Note 12 - Income Taxes - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Balance	$ (115,087)	$ (49,523)
Tax effects of restructuring		(58,906)
Balance	(76,157)	(115,087)
Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision		(11,189)
Deferred Tax Assets, Other [Member]
Change in income tax provision	(5,254)	(854)
Deferred Tax Assets, Foreign Currency Translation [Member]
Change in income tax provision	329	5,385
Deferred Tax Assets, Write-off of U.S. Foreign Tax Credits [Member]
Change in income tax provision	58,906
Foreign Tax Credits [Member]
Balance	(58,906)
Tax effects of restructuring		(58,906)
Balance		(58,906)
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] \| Deferred Tax Assets, Write-off of U.S. Foreign Tax Credits [Member]
Change in income tax provision	58,906
Valuation Allowance of Deferred Tax Assets [Member]
Balance	(54,299)	(49,523)
Tax effects of restructuring
Balance	(61,416)	(54,299)
Valuation Allowance of Deferred Tax Assets [Member] \| Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision	(6,834)	(9,834)
Valuation Allowance of Deferred Tax Assets [Member] \| Deferred Tax Assets, Other [Member]
Change in income tax provision	(285)	(309)
Valuation Allowance of Deferred Tax Assets [Member] \| Deferred Tax Assets, Foreign Currency Translation [Member]
Change in income tax provision	2	5,367
Valuation Allowance of Deferred Tax Assets [Member] \| Deferred Tax Assets, Write-off of U.S. Foreign Tax Credits [Member]
Change in income tax provision
Valuation Allowance, Other Tax Carryforward [Member]
Balance	(1,882)
Tax effects of restructuring
Balance	(14,741)	(1,882)
Valuation Allowance, Other Tax Carryforward [Member] \| Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision	(8,217)	(1,355)
Valuation Allowance, Other Tax Carryforward [Member] \| Deferred Tax Assets, Other [Member]
Change in income tax provision	(4,969)	(545)
Valuation Allowance, Other Tax Carryforward [Member] \| Deferred Tax Assets, Foreign Currency Translation [Member]
Change in income tax provision	327	$ 18
Valuation Allowance, Other Tax Carryforward [Member] \| Deferred Tax Assets, Write-off of U.S. Foreign Tax Credits [Member]
Change in income tax provision
Deferred Tax Assets, Income Tax Provision [Member]
Change in income tax provision	$ (15,051)

Note 12 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Balance	$ 679	$ 679	$ 679
Additions for tax positions of prior years	0	0	0
Reductions for tax positions of prior years	0	0	0
Reductions for settlements	0	0	0
Lapse of the applicable statute of limitations	(679)	0	0
Balance	$ 0	$ 679	$ 679

Note 13 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Leases, Rent Expense	$ 6,000	$ 7,600	$ 8,400

Note 13 - Commitments and Contingencies - Minimum Future Operating Lease Obligations (Details) $ in Thousands	Dec. 31, 2016 USD ($)
2017	$ 4,260
2018	3,467
2019	3,065
2020	2,835
2021	1,822
Thereafter	7,920
Total	$ 23,369

Note 14 - Accumulated Other Comprehensive Loss (Details Textual) $ in Thousands, $ in Billions, $ in Billions	Dec. 31, 2016 USD ($)	Dec. 31, 2016 CAD ($)	Dec. 31, 2016 AUD ($)	Dec. 31, 2015 USD ($)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax				$ 3,400
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (362,930)			$ (366,309)
Translation Adjustment Functional to Reporting Currency, Net of Tax		$ 0.2	$ 0.5

Note 15 - Share Based Compensation (Details Textual)					7 Months Ended	11 Months Ended		12 Months Ended
Note 15 - Share Based Compensation (Details Textual)	May 12, 2016 $ / shares	Feb. 23, 2016 shares	May 30, 2014 shares	May 29, 2014 shares	Dec. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2016 USD ($) shares	Dec. 13, 2016	Dec. 31, 2016 USD ($) $ / shares shares	Dec. 31, 2015 USD ($) $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized \| shares						14,000,000		14,000,000
Allocated Share-based Compensation Expense								$ 9,900,000	$ 5,600,000	$ 8,900,000
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense								600,000	$ 300,000	$ 2,200,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period \| shares				0					137,771	12,628
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross \| shares			554,738	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value						$ 0			$ 100,000	$ 5,000,000
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options								0	$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized						100,000		$ 100,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition								1 year
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period \| shares				0
Restricted Stock and Deferred Stock Awards [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition								1 year 219 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares					188,005			584,283	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 \| $ / shares					$ 21.14			$ 1.64	$ 3.61	$ 100.43
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value								$ 600,000	$ 900,000	$ 2,700,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options						4,200,000		$ 4,200,000
Phantom Share Units (PSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition								2 years 36 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares								$ 0.91	$ 3.68	$ 23.17
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options						9,700,000		$ 9,700,000
Share-based Compensation Arrangement Other Than Options Liability Balance						4,100,000		4,100,000
Phantom Share Cash Payments					$ 3,900,000	500,000		$ 500,000	$ 800,000	$ 3,900,000
Phantom Share Units (PSUs) [Member] \| Civeo Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares								3,732,763	517,145
Performance Shares [Member] \| Civeo Plan [Member]
Allocated Share-based Compensation Expense								$ 1,900,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate		0.00%
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized						$ 4,300,000		$ 4,300,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition								2 years 73 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares		2,400,606						2,400,606
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 3.18							$ 3.18
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Peer Group, Number of Companies		12
Performance Shares [Member] \| Civeo Plan [Member] \| Minimum [Member]
Target Performance Share Award, Percentage		0.00%					0.00%
Performance Shares [Member] \| Civeo Plan [Member] \| Maximum [Member]
Target Performance Share Award, Percentage		200.00%					200.00%
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period \| shares				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross \| shares				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period \| shares				0
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
Subsequent to Spin-Off [Member] \| Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares										$ 21.14
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value										$ 400,000
Converted Oil States Restricted Stock [Member] \| Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			435,999
Cancelled Oil States Performance-Based Restricted Stock [Member] \| Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			91,848
Oil States [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate										0.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period \| shares				120,799
Employee Service Share-based Compensation, Tax Benefit Realized from Exercise of Stock Options										$ 200,000
Oil States [Member] \| Restricted Stock and Deferred Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Exercised \| shares			94,936
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period \| shares			20,000

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

Note 15 - Share Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	May 29, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Outstanding, Options (in shares)		390,334	532,926		554,738
Outstanding, weighted average exercise price per share (in dollars per share)		$ 13.58	$ 11.03		$ 11.14
Exercised, Options (in shares)	0		(137,771)		(12,628)
Exercised, weighted average exercise price per share (in dollars per share)			$ 3.63		$ 11.95
Forfeited / Expired, Options (in shares)		(224,448)	(4,821)		(9,184)
Forfeited / Expired, weighted average exercise price per share (in dollars per share)		$ 10.33	$ 16.43		$ 16.43
Outstanding, Options (in shares)		165,886	390,334	390,334	532,926
Outstanding Options, weighted average exercise price per share (in dollars per share)		$ 17.98	$ 13.58	$ 13.58	$ 11.03
Outstanding, weighted average contractual life (Year)		4 years 219 days	3 years 182 days		3 years 146 days
Outstanding, Intrinsic value					$ 66,130
Exercisable Options, Options (in shares)		145,804	327,201	327,201
Exercisable, weighted average exercise price per share (in dollars per share)		$ 17.67	$ 12.43	$ 12.43
Exercisable, weighted average contractual life (Year)		4 years 146 days		2 years 292 days

Note 15 - Share Based Compensation - Stock Options Outstanding (Details)	12 Months Ended
	Dec. 31, 2016 $ / shares shares
Options Outstanding Number Outstanding (in shares) \| shares	165,886
Options Outstanding Weighted Average Remaining Contractual Life (Year)	4 years 233 days
Options Exercisable Number Exercisable (in shares) \| shares	145,804
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 17.67
Lower Range of Exercise Prices (in dollars per share)	16.43
Upper Range of Exercise Prices (in dollars per share)	21.87
Exercise Price Range 1 [Member]
Range of Exercise Prices (in dollars per share)	$ 16.43
Options Outstanding Number Outstanding (in shares) \| shares	67,155
Options Outstanding Weighted Average Remaining Contractual Life (Year)	3 years 328 days
Options Exercisable Number Exercisable (in shares) \| shares	67,155
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 16.43
Exercise Price Range 2 [Member]
Range of Exercise Prices (in dollars per share)	$ 17.48
Options Outstanding Number Outstanding (in shares) \| shares	36,737
Options Outstanding Weighted Average Remaining Contractual Life (Year)	5 years 14 days
Options Exercisable Number Exercisable (in shares) \| shares	29,275
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 17.48
Exercise Price Range 3 [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 (Year)	4 years 54 days
Options Exercisable Number Exercisable (in shares) \| shares	34,441
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 18.43
Exercise Price Range 4 [Member]
Range of Exercise Prices (in dollars per share)	$ 21.87
Options Outstanding Number Outstanding (in shares) \| shares	27,553
Options Outstanding Weighted Average Remaining Contractual Life (Year)	6 years 204 days
Options Exercisable Number Exercisable (in shares) \| shares	14,933
Options Exercisable Weighted Average Exercise Price (in dollars per share)	$ 21.87

Note 15 - Share Based Compensation - 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, 2016	Dec. 31, 2015	Dec. 31, 2014
Nonvested, Number of awards (in shares)	435,999	1,313,564	576,882
Nonvested, Weighted avererage grant date fair value per share (in dollars per share)	$ 18.87	$ 7.29	$ 19.78
Granted, Number of awards (in shares)	188,005	584,283	1,208,642
Granted, Weighted avererage grant date fair value per share (in dollars per share)	$ 21.14	$ 1.64	$ 3.61	$ 100.43
Vested, Number of awards (in shares)	(19,358)	(526,628)	(248,215)
Vested, Weighted avererage grant date fair value per share (in dollars per share)	$ 13.87	$ 8.15	$ 18.17
Forfeited, Number of awards (in shares)	(27,764)	(72,847)	(223,745)
Forfeited, Weighted avererage grant date fair value per share (in dollars per share)	$ 18.75	$ 7.04	$ 7.54
Nonvested, Number of awards (in shares)	576,882	1,298,372	1,313,564	576,882
Nonvested shares, Weighted avererage grant date fair value per share (in dollars per share)	$ 19.78	$ 4.41	$ 7.29	$ 19.78

Note 15 - Share Based Compensation - Phantom Share Awards Activity (Details) - Phantom Share Units (PSUs) [Member] - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Civeo Plan [Member]
Nonvested, Number of awards (in shares)	468,322
Granted, Number of awards (in shares)	3,732,763	517,145
Vested, Number of awards (in shares)	(117,081)
Forfeited, Number of awards (in shares)	(253,309)	(48,823)
Nonvested, Number of awards (in shares)	3,830,695	468,322
Canadian Long-Term Incentive Plan [Member]
Nonvested, Number of awards (in shares)	1,329,878	432,881	565,706
Granted, Number of awards (in shares)	3,099,194	1,403,306	10,077
Vested, Number of awards (in shares)	(491,149)	(202,284)	(109,455)
Forfeited, Number of awards (in shares)	(1,498,654)	(304,025)	(33,447)
Nonvested, Number of awards (in shares)	2,439,269	1,329,878	432,881

Note 15 - Share Based Compensation - Valuation Assumptions of Performance Share Awards (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2014
Risk-free weighted interest rate		1.27%
Expected volatility		38.00%
Performance Shares [Member] \| Civeo Plan [Member]
Expected volatility	90.00%
Initial TSR	93.70%
Performance Shares [Member] \| Civeo Plan [Member] \| Weighted Average [Member]
Risk-free weighted interest rate	0.92%

Note 15 - Share Based Compensation - Performance Share Awards Activity (Details) - Performance Shares [Member] - Civeo Plan [Member] - $ / shares			12 Months Ended
	May 12, 2016	Feb. 23, 2016	Dec. 31, 2016
Nonvested, Number of awards (in shares)
Nonvested, Weighted avererage grant date fair value per share (in dollars per share)
Granted, Number of awards (in shares)		2,400,606	2,400,606
Granted, Weighted avererage grant date fair value per share (in dollars per share)	$ 3.18		$ 3.18
Vested, Number of Awards (in shares)
Forfeited, Number of awards (in shares)			(448,922)
Forfeited, Weighted avererage grant date fair value per share (in dollars per share)			$ 3.18
Nonvested, Number of awards (in shares)			1,951,684
Nonvested shares, Weighted avererage grant date fair value per share (in dollars per share)			$ 3.18

Note 16 - Segment and Related Information - Financial Information by Business Segment (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2016

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2015

Sep. 30, 2015

^[2]

Jun. 30, 2015

^[3]

Mar. 31, 2015

^[4]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

$ 90,921

^[1]

$ 104,238

$ 107,035

$ 95,036

$ 97,285

^[1]

$ 106,544

$ 143,147

$ 170,987

$ 397,230

$ 517,963

$ 942,891

131,302

152,990

174,970

(95,760)

(145,003)

(142,891)

19,779

62,451

251,158

Operating Segments [Member]

910,446

1,066,529

910,446

1,066,529

1,829,161

Intersegment Eliminations [Member]

397,230

517,963

Canadian Segment [Member]

278,464

344,249

661,416

80,837

89,269

91,893

(59,351)

(73,215)

106,580

3,773

41,446

218,620

Canadian Segment [Member] | Operating Segments [Member]

548,786

579,816

548,786

579,816

1,024,990

Canadian Segment [Member] | Intersegment Eliminations [Member]

278,464

344,249

661,721

Australian Segment [Member]

(305)

106,815

135,964

213,279

45,883

51,392

62,924

(6,853)

(24,817)

(155,851)

5,682

12,160

24,907

Australian Segment [Member] | Operating Segments [Member]

376,008

424,731

376,008

424,731

669,789

Australian Segment [Member] | Intersegment Eliminations [Member]

106,815

135,964

213,279

US Segment [Member]

11,951

37,750

68,196

5,433

11,833

20,281

(24,616)

(40,083)

(86,959)

2,170

10,901

US Segment [Member] | Operating Segments [Member]

29,799

71,710

29,799

71,710

135,681

US Segment [Member] | Intersegment Eliminations [Member]

11,951

40,146

123,328

Corporate and Other [Member]

(2,396)

(55,132)

(851)

496

(128)

(4,940)

(6,888)

(6,661)

10,318

6,675

(3,270)

Corporate and Other [Member] | Operating Segments [Member]

$ (44,147)

$ (9,728)

(44,147)

(9,728)

(1,299)

Corporate and Other [Member] | Intersegment Eliminations [Member]

(2,396)

(55,437)

$ 2,396

$ 55,437

[1]	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 accompanying 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. 126 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 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.
[2]	In the third quarter of 2016, we recognized the following items: ? A charge of $37.7 million ($27.5 million after-tax, or $0.26 per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations. 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 accompanying 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 accompanying 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 accompanying consolidated statements of operations. ? $1.5 million, or $0.01 per diluted share, of losses incurred on extinguishment of debt.
[3]	In the second quarter of 2016, we recognized the following items: ? Costs associated with our migration to Canada of $0.2 million ($0.2 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. 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 accompanying consolidated statements of operations.
[4]	In the first quarter of 2016, we recognized the following items: ? Costs associated with our planned migration to Canada of $1.0 million ($0.7 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. ? A charge of $8.4 million ($8.4 million after-tax, or $0.05 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 U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations. 125 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 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.

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

3 Months Ended

12 Months Ended

Dec. 31, 2016

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2015

Sep. 30, 2015

^[2]

Jun. 30, 2015

^[3]

Mar. 31, 2015

^[4]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014

$ 90,921,000

^[1]

$ 104,238,000

$ 107,035,000

$ 95,036,000

$ 97,285,000

^[1]

$ 106,544,000

$ 143,147,000

$ 170,987,000

$ 397,230,000

$ 517,963,000

$ 942,891,000

Canadian Segment [Member]

826,765,000

979,977

826,765,000

979,977

1,362,880

278,464,000

344,249,000

661,416,000

Australian Segment [Member]

431,477,000

532,419

431,477,000

532,419

746,983

106,815,000

135,964,000

213,279,000

US Segment and Other [Member]

348,293,000

390,623

348,293,000

390,623

519,777

11,951,000

37,750,000

68,196,000

Net increase in Oil States net investment

$ 46,995,000

$ 56,935

$ 46,995,000

$ 56,935

$ 96,120

[1]	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 accompanying 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. 126 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 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.
[2]	In the third quarter of 2016, we recognized the following items: ? A charge of $37.7 million ($27.5 million after-tax, or $0.26 per diluted share), related to mobile camp assets and certain undeveloped land positions in the British Columbia LNG market which carrying value we determined not to be recoverable. The charge, which is related to our Canadian segment, is included in Impairment expense on the accompanying consolidated statements of operations. 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 accompanying 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 accompanying 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 accompanying consolidated statements of operations. ? $1.5 million, or $0.01 per diluted share, of losses incurred on extinguishment of debt.
[3]	In the second quarter of 2016, we recognized the following items: ? Costs associated with our migration to Canada of $0.2 million ($0.2 million after-tax, or $0.00 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. 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 accompanying consolidated statements of operations.
[4]	In the first quarter of 2016, we recognized the following items: ? Costs associated with our planned migration to Canada of $1.0 million ($0.7 million after-tax, or $0.01 per diluted share), included in Selling, general and administrative expenses on the accompanying consolidated statements of operations. ? A charge of $8.4 million ($8.4 million after-tax, or $0.05 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 U.S. segment, is included in Impairment expense on the accompanying consolidated statements of operations. 125 CIVEO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 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.

Note 17 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	May 28, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	May 30, 2014
Payments of Distributions to Affiliates				$ 750,000
Due to Related Parties		$ 353,271	396,877
Oil States [Member]
Payments of Distributions to Affiliates	$ 750,000
Due to Related Parties					$ 336,800
Oil States [Member] \| Selling, General and Administrative Expenses [Member]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party				2,800
Oil States [Member] \| Transition Services Agreement [Member]
Related Party Transaction, Expenses from Transactions with Related Party			$ 300	1,300
Oil States [Member] \| Services and Funding [Member]
Related Party Transaction, Expenses from Transactions with Related Party				41,700
Oil States [Member] \| General Corporate Expense [Member]
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party				$ 2,800

Note 17 - Related Party Transactions - Oil States' Net Investment (Details)
$ in Thousands

12 Months Ended

Dec. 31, 2014

USD ($)

$ 369,219

Oil States [Member]

Cash transfers and general financing activities

(13,255)

Services received or funding for expenditures

41,725

Corporate allocations, including income tax provision

3,950

^[1]

Net increase in Oil States net investment

$ 32,420

[1]

Corporate allocations includes the general corporate expense allocations of $2.8 million for the year ended December 31, 2014, 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.

Note 18 - Valuation Accounts - Activity in Valuation Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Allowance for Doubtful Accounts [Member]
Balance at beginning of period	$ 1,121	$ 4,043	$ 3,656
Charged to costs and expenses	(110)	1,004	503
Deductions	(377)	(3,844)	(51)
Translation and other, net	4	(82)	(65)
Balance at end of period	638	1,121	4,043
Valuation Allowance of Deferred Tax Assets [Member]
Balance at beginning of period	115,087	49,523
Charged to costs and expenses	15,051	70,095	49,523
Deductions	(53,652)
Translation and other, net	(329)	(4,531)
Balance at end of period	$ 76,157	$ 115,087	$ 49,523

Note 19 - Quarterly Financial Information (Unaudited) (Details Textual) - USD ($)	3 Months Ended									12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impairment of Long-Lived Assets Held-for-use	$ 37,729,000		$ 8,400,000		$ 65,061,000	$ 9,473,000	$ 2,738,000	$ 72,973,000	$ 2,621,000
Impairment Effect on Earnings Per Share, after Tax					$ 0.44
Gain (Loss) on Disposition of Assets										$ (29,000)	$ 1,826,000	$ 5,877,000
Goodwill, Impairment Loss					$ 43,194,000			202,729,000
Impairment of Intangible Assets (Excluding Goodwill)					67,500,000
Impairment of Intangible Assets, Excluding Goodwill, After Tax					46,900,000
Gain (Loss) on Extinguishment of Debt			(300,000)		$ (1,500,000)				(3,500,000)	$ (302,000)	$ (1,474,000)	$ (3,455,000)
Extinguishment of Debt, Gain (Loss), Per Share, Net of Tax					$ 0.01
Foreign Currency Transaction Gain, before Tax				$ 3,600,000
Johnstown Facility [Member]
Impairment of Long-Lived Assets Held-for-use			3,800,000
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			8,400,000				$ 2,700,000
US Segment [Member]
Impairment of Long-Lived Assets Held-for-use					$ 18,000,000			55,800,000
Goodwill, Impairment Loss								16,600,000
Impairment of Intangible Assets (Excluding Goodwill)					20,500,000
Australian Segment [Member]
Impairment of Long-Lived Assets Held-for-use					23,980,000	9,473,000
Goodwill, Impairment Loss								186,097,000
Impairment of Intangible Assets (Excluding Goodwill)					24,000,000
Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	37,729,000				23,041,000			17,197,000
Goodwill, Impairment Loss					43,194,000
Impairment of Intangible Assets (Excluding Goodwill)					23,000,000
Canadian Segment [Member] \| Assets Should Have Been Impaired in Prior Period [Member]
Impairment of Intangible Assets (Excluding Goodwill)					11,900,000
Selling, General and Administrative Expenses [Member]
Migration Costs		$ 200,000	1,000,000	1,900,000	1,500,000	2,400,000	1,100,000
Migration Costs, Net of Tax		$ 200,000	$ 700,000	$ 1,200,000	$ 1,000,000	$ 1,600,000	$ 800,000
Migration Costs, Per Diluted Share, Net of Tax		$ 0	$ 0.01	$ 0.01	$ 0.01	$ 0.02	$ 0.01
Impairment Expense [Member] \| US Segment [Member]
Impairment of Long-Lived Assets Held-for-use			$ 8,400,000
Impairment of Long-lived Assets Held for Use, Net of Tax			$ 8,400,000
Impairment Effect on Earnings Per Share, after Tax			$ 0.05
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 Expense [Member] \| Australian Segment [Member] \| Fixed Assets [Member]
Impairment Effect on Earnings Per Share, after Tax						$ 0.06
Impairment Expense [Member] \| Canadian Segment [Member]
Impairment of Long-Lived Assets Held-for-use	37,700,000
Impairment of Long-lived Assets Held for Use, Net of Tax	$ 27,500,000
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
Impairment Expense [Member] \| Canadian Segment [Member] \| Fixed Assets [Member]
Impairment Effect on Earnings Per Share, after Tax	$ 0.26
Cost of Sales [Member] \| Johnstown Facility [Member]
Impairment of Long-Lived Assets to be Disposed of							$ (1,100,000)

Note 19 - Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2016

^[1]

Sep. 30, 2016

^[2]

Jun. 30, 2016

^[3]

Mar. 31, 2016

^[4]

Dec. 31, 2015

^[1]

Sep. 30, 2015

^[2]

Jun. 30, 2015

^[3]

Mar. 31, 2015

^[4]

Dec. 31, 2016

Dec. 31, 2015

Dec. 31, 2014