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Net Loss Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
$
 
$
 
$
 
$
Net loss attributable to the shareholders of Teekay Corporation
(80,152
)
 
(77,809
)
 
(125,408
)
 
(126,592
)
The Company's portion of the Inducement Premium and Exchange Contribution charged to retained earnings by Teekay Offshore (note 9e)

 
(4,993
)
 

 
(4,993
)
Net loss attributable to the shareholders of Teekay Corporation - basic and diluted
(80,152
)
 
(82,802
)
 
(125,408
)
 
(131,585
)
Weighted average number of common shares
86,259,207

 
72,945,635

 
86,217,567

 
72,844,031

Dilutive effect of stock-based compensation

 

 

 

Common stock and common stock equivalents
86,259,207

 
72,945,635

 
86,217,567

 
72,844,031

Loss per common share:
 
 
 
 
 
 
 
 - Basic
(0.93
)
 
(1.14
)
 
(1.45
)
 
(1.81
)
 - Diluted
(0.93
)
 
(1.14
)
 
(1.45
)
 
(1.81
)

Stock-based awards that 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, 2017, options to acquire 4.0 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, 2016 - 3.9 million). In periods where a loss attributable to shareholders of Teekay has been incurred all stock-based awards are anti-dilutive.