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Net (Loss) Income Per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Net (Loss) Income Per Share
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
 
$
 
$
 
$
 
$
Net (loss) income attributable to shareholders of Teekay Corporation
(77,809
)
 
65,912

 
(126,592
)
 
56,148

The Company's portion of the Inducement Premium and Exchange Contribution charged to retained earnings by Teekay Offshore (note 10d)
(4,993
)
 
—

 
(4,993
)
 
—

Net (loss) income attributable to shareholders of Teekay Corporation - basic and diluted
(82,802
)
 
65,912

 
(131,585
)
 
56,148

Weighted average number of common shares
72,945,635

 
72,697,121

 
72,844,031

 
72,623,503

Dilutive effect of stock-based compensation
—

 
780,559

 
—

 
755,725

Common stock and common stock equivalents
72,945,635

 
73,477,680

 
72,844,031

 
73,379,228

(Loss) income per common share:
 
 
 
 
 
 
 
– Basic
(1.14
)
 
0.91

 
(1.81
)
 
0.77

– Diluted
(1.14
)
 
0.90

 
(1.81
)
 
0.77


Stock-based awards, which have an anti-dilutive effect on the calculation of diluted loss per common share, are excluded from this calculation. For the three and six months ended June 30, 2016, options to acquire 3.9 million shares of Common Stock had an anti-dilutive effect on the calculation of diluted income per common share (three and six months ended June 30, 2015 - 0.4 million). In periods where a loss attributable to shareholders of Teekay has been incurred all stock-based awards are anti-dilutive.