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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
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 Non-Controlling Interest
 
Distri-
buted Earnings
 
Undistri-
buted Earnings
 
Total Controlling Interest (Teekay)
 
Teekay LNG
11,814

 
25,702

 
40,138

 
36,007

 
113,661

 
20,368

 
30,575

 
50,943

 
164,604

Teekay Tankers
—

 
—

 
—

 
47,887

 
47,887

 
—

 
(6,525
)
 
(6,525
)
 
41,362

Other entities and eliminations
—

 
—

 
—

 
—

 
43

 
 
 
 
 
 
 
 
For the Year Ended December 31, 2019
11,814

 
25,702

 
40,138

 
83,894

 
161,591

 
 
 
 
 
 
 
 
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

(2 
) 
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
)
 
 
 
 
 
 
 
 
(1)
Includes earnings attributable to common shares and preferred shares.
(2)
Subsequent to the formation of Altera, Teekay sold certain vessels to Altera. Even though Altera 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 Altera was $349.6 million. Upon deconsolidation of Altera, 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, 2017 to December 31, 2019:
 
Year Ended December 31,
 
2019
$
 
2018
$
 
2017
$
Balance at the beginning of the year
96,384

 
89,372

 
135,700

Costs incurred for dry dockings
56,371

 
43,155

 
52,677

Dry-dock amortization
(39,283
)
 
(33,684
)
 
(49,686
)
Write-down / sales of vessels
(2,901
)
 
(2,459
)
 
(49,319
)
Balance at the end of the year
110,571

 
96,384

 
89,372
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, 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 (loss) income and other
(506
)
 
7,521

 
—

 
(3,293
)
 
3,722

Balance as of December 31, 2018
903

 
(3,176
)
 
—

 
—

 
(2,273
)
Other comprehensive (loss) income and other
(20,311
)
 
(1,153
)
 
—

 
—

 
(21,464
)
Balance as of December 31, 2019
(19,408
)
 
(4,329
)
 
—

 
—

 
(23,737
)