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Note 10 - Earnings Per Share
 6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
10.
EARNINGS PER SHARE
 
The calculation of earnings per share attributable to Civeo is presented below for the periods indicated (in thousands, except per share amounts):
 
   
Three Months Ended
    
Six Months Ended
  
   
J
une
30,
    
J
une
30,
  
   
201
8
    
201
7
    
201
8
    
201
7
  
Basic
Loss
per Share
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net loss attributable to Civeo common shareholders
   $
(48,321
 )   $
(14,816
 )   $
(103,778
 )   $
(35,803
 )
Less: undistributed net income to participating securities
    
--
      
--
      
--
      
--
  
Net loss attributable to Civeo common shareholders - basic
   $
(48,321
 )   $
(14,816
 )   $
(103,778
 )   $
(35,803
 )
                                 
Weighted average common shares outstanding - basic
    
165,373
      
130,692
      
148,595
      
125,796
  
                                 
Basic loss per share
   $
(0.29
 )   $
(0.11
 )   $
(0.70
 )   $
(0.28
 )
                                 
Diluted
Loss
per Share
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Net loss attributable to Civeo common shareholders - basic
   $
(48,321
 )   $
(14,816
 )   $
(103,778
 )   $
(35,803
 )
Less: undistributed net income to participating securities
    
--
      
--
      
--
      
--
  
Net loss attributable to Civeo common shareholders - diluted
   $
(48,321
 )   $
(14,816
 )   $
(103,778
 )   $
(35,803
 )
                                 
Weighted average common shares outstanding - basic
    
165,373
      
130,692
      
148,595
      
125,796
  
Effect of dilutive securities
(1
)
    
--
      
--
      
--
      
--
  
Weighted average common shares outstanding - diluted
    
165,373
      
130,692
      
148,595
      
125,796
  
                                 
Diluted loss per share
   $
(0.29
 )   $
(0.11
 )   $
(0.70
 )   $
(0.28
 )
 
(
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
three
and
six
months ended
June 30, 2018
and
2017.
In the
three
months ended
June 30, 2018
and
2017,
we excluded from the calculation
4.1
million and
2.3
million share based awards, respectively, since the effect would have been anti-dilutive. In the
six
months ended
June 30, 2018
and
2017,
we excluded from the calculation
3.5
million and
2.1
million share based awards, respectively, since the effect would have been anti-dilutive. In the
three
and
six
months ended
June 30, 2018,
we excluded from the calculation the impact of converting the Preferred Shares into
29.3
million common shares, since the effect would have been anti-dilutive.