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(Loss) Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Net Income (Loss) Per Share
The net (loss) income available for common shareholders and (loss) earnings per common share presented in the table below excludes the results of operations of the Entities under Common Control which were purchased solely with cash (note 3).
 
Year Ended December 31,
 
2017
$
 
2016
$
 
2015
$
Net (loss) income
(58,023
)
 
67,823

 
183,626

Less: Net income attributable to the Entities under Common Control (1)
—

 
—

 
(2,708
)
Net (loss) income available for common shareholders
(58,023
)

67,823


180,918

Weighted-average number of common shares - basic (2)
187,235,377

 
170,098,572

 
143,911,452

Dilutive effect of stock-based awards
—

 
242,067

 
581,481

Weighted average number of common shares - diluted (2)
187,235,377


170,340,639


144,492,933

(Loss) earnings per common share:
 
 
 
 
 
- Basic
(0.31
)
 
0.40

 
1.26

- Diluted
(0.31
)
 
0.40

 
1.25


(1)
Includes net income of the 2015 Acquired Business of $2.7 million for the year ended December 31, 2015.
(2)
The weighted-average number of common shares outstanding for periods prior to May 2017 has been retroactively adjusted to include the approximately 13.8 million shares of the Company's Class B common stock issued to Teekay as consideration for the acquisition of 50% of TTOL in May 2017.