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Net (Loss) Income Per Share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Net (Loss) Income Per Share
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
 
$
 
$
 
$
 
$
Net (loss) income attributable to the shareholders of Teekay Corporation
(12,582
)
 
6,072

 
(137,990
)
 
(120,520
)
The Company's portion of the Inducement Premium and Exchange Contribution charged to retained earnings by Teekay Offshore (note 10e)
—

 
—

 
—

 
(4,993
)
Net (loss) income attributable to the shareholders of Teekay Corporation - basic and diluted
(12,582
)
 
6,072

 
(137,990
)
 
(125,513
)
Weighted average number of common shares
86,261,330

 
84,887,101

 
86,232,315

 
76,887,689

Dilutive effect of stock-based compensation
—

 
86,644

 
—

 
—

Common stock and common stock equivalents
86,261,330

 
84,973,745

 
86,232,315

 
76,887,689

(Loss) income per common share:
 
 
 
 
 
 
 
 - Basic
(0.15
)
 
0.07

 
(1.60
)
 
(1.63
)
 - Diluted
(0.15
)
 
0.07

 
(1.60
)
 
(1.63
)

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 nine months ended September 30, 2017, 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 nine months ended September 30, 2016 - 3.8 million). In periods where a loss attributable to shareholders of Teekay has been incurred all stock-based awards are anti-dilutive.