| Earnings Per Share [Text Block] |
The calculation of earnings per share attributable to Civeo is presented below for the periods indicated (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | ) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | ) | | | 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 million common shares, since the effect would have been anti-dilutive. |
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