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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Net Income of Consolidated Partially-Owned Entities and Attribution of Net Income to Controlling and Non-controlling Interests
The total net income (loss) of Teekay’s consolidated partially-owned entities and the attribution of that net income (loss) to controlling and non-controlling interests is as follows:
 
Net income (loss) attributable to non-controlling interests
 
Controlling Interest
 
Net income (loss) of consolidated partially-owned entities (1)
 
Non-public partially-owned subsidiaries
 
Preferred unit-holders
 
Distri-
buted Earnings
 
Undistri-
buted Earnings
 
Total Net income (loss) attributable
 
Distri-
buted Earnings
 
Undistri-
buted Earnings
 
Total Controlling Interest (Teekay)
 
Teekay LNG
13,506

 
25,701

 
30,463

 
(10,807
)
 
58,863

 
15,026

 
2,986

 
18,012

 
76,875

Teekay Tankers
—

 
—

 
—

 
(37,423
)
 
(37,423
)
 
—

 
(15,125
)
 
(15,125
)
 
(52,548
)
Other entities and eliminations
—

 
—

 
—

 
—

 
50

 
 
 
 
 
 
 
 
For the Year Ended December 31, 2018
13,506

 
25,701

 
30,463

 
(48,230
)
 
21,490

 
 
 
 
 
 
 
 
Teekay Offshore
8,262

 
36,339

 
16,312

 
(398,185
)
(2 
) 
(337,272
)
 
5,981

 
334,033

(3 
) 
340,014

 
2,742

Teekay LNG
(54
)
 
13,979

 
30,474

 
(41,520
)
 
2,879

 
15,027

 
(18,995
)
 
(3,968
)
 
(1,089
)
Teekay Tankers
—

 
—

 
—

 
(28,893
)
 
(28,893
)
 
—

 
(30,434
)
 
(30,434
)
 
(59,327
)
Other entities and eliminations
—

 
—

 
—

 
—

 
(2,510
)
 

 

 

 

For the Year Ended December 31, 2017
8,208

 
50,318

 
46,786

 
(468,598
)
 
(365,796
)
 
 
 
 
 
 
 
 
Teekay Offshore
11,858

 
45,835

 
41,688

 
(46,155
)
 
53,226

 
18,378

 
(27,129
)
 
(8,751
)
 
44,475

Teekay LNG
17,514

 
2,719

 
30,444

 
60,545

 
111,222

 
15,026

 
31,717

 
46,743

 
157,965

Teekay Tankers
—

 
—

 
—

 
47,459

 
47,459

 
—

 
15,396

 
15,396

 
62,855

Other entities and eliminations
—

 
—

 
—

 
—

 
(2,061
)
 

 

 

 
 
For the Year Ended December 31, 2016
29,372

 
48,554

 
72,132

 
61,849

 
209,846

 
 
 
 
 
 
 
 
(1)
Includes earnings attributable to common shares and preferred shares.
(2)
Subsequent to the formation of Teekay Offshore, Teekay sold certain vessels to Teekay Offshore. Even though Teekay Offshore was a non-wholly-owned consolidated subsidiary of Teekay at the date of the sales, all of the gain or loss on sales of these vessels was fully eliminated upon consolidation. Consequently, the portion of the gain or loss attributable to Teekay’s reduced interest in the vessels was deferred. The total unrecognized net deferred gain relating to the vessels previously sold from Teekay to Teekay Offshore was $349.6 million. Upon deconsolidation of Teekay Offshore, such amount was recognized as an increase to net loss attributable to non-controlling interests for the year ended December 31, 2017.
Summary of Capitalized Dry Docking Costs
The following table summarizes the change in the Company’s of capitalized dry docking costs from January 1, 2016 to December 31, 2018:
 
Year Ended December 31,
 
2018
$
 
2017
$
 
2016
$
Balance at the beginning of the year
89,372

 
135,700

 
150,702

Costs incurred for dry dockings
43,155

 
52,677

 
47,980

Dry-dock amortization
(33,684
)
 
(49,686
)
 
(55,026
)
Write-down / sales of vessels
(2,459
)
 
(49,319
)
 
(7,956
)
Balance at the end of the year
96,384

 
89,372

 
135,700
Summary of Financing Receivables
The following table contains the carrying value of the Company's financing receivables by type of borrower, the method by which the Company monitors the credit quality of its financing receivables on a quarterly basis, and the grade as of December 31, 2018.
 
 
 
 
 
December 31,
Class of Financing Receivable
Credit Quality Indicator
 
Grade
 
2018
$
 
2017
$
Direct financing leases
Payment activity
 
Performing
 
575,163

 
495,990

Other loan receivables
 
 
 
 
 
 
 
Loans to equity-accounted investees and joint venture partners
Other internal metrics
 
Performing
 
231,404

 
253,906

Long-term receivable and accrued revenue included in accounts receivable and other assets
Payment activity
 
Performing
 
15,694

 
12,175

 
 
 
 
 
822,261

 
762,071
Schedule of Accumulated Other Comprehensive Income (Loss)
The following table contains the changes in the balances of each component of accumulated other comprehensive income (loss) attributable to shareholders of Teekay for the periods presented.
 
Qualifying Cash Flow Hedging Instruments
$
 
Pension Adjustments
$
 
Unrealized (Loss) Gain on Available for Sale Marketable Securities
$
 
Foreign Exchange Gain (Loss) on Currency Translation
$
 
Total
$
Balance as of December 31, 2015
(419
)
 
(15,850
)
 
(463
)
 
1,841

 
(14,891
)
  Other comprehensive income and other
378

 
3,690

 
47

 
173

 
4,288

Balance as of December 31, 2016
(41
)
 
(12,160
)
 
(416
)
 
2,014

 
(10,603
)
  Other comprehensive income and other
1,450

 
1,463

 
416

 
1,279

 
4,608

Balance as of December 31, 2017
1,409

 
(10,697
)
 
—

 
3,293

 
(5,995
)
  Other comprehensive income and other
(506
)
 
7,521

 
—

 
(3,293
)
 
3,722

Balance as of December 31, 2018
903

 
(3,176
)
 
—

 
—

 
(2,273
)