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Net Income (Loss) Per Share
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Net Loss Per Share Net Income (Loss) Per Share
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
 
$
 
$
 
$
 
$
Net income (loss) attributable to the shareholders of Teekay Corporation – basic and diluted
21,723

 
(39,485
)
 
(28,082
)
 
(123,742
)
Weighted average number of common shares
101,107,362

 
100,783,496

 
100,997,456

 
100,652,685

Dilutive effect of stock-based compensation
89,021

 
—

 
—

 
—

Common stock and common stock equivalents
101,196,383

 
100,783,496

 
100,997,456

 
100,652,685

Income (loss) per common share:
 
 
 
 
 
 
 
 - Basic
0.21

 
(0.39
)
 
(0.28
)
 
(1.23
)
 - Diluted
0.21

 
(0.39
)
 
(0.28
)
 
(1.23
)


The Company intends to settle the principal of the Convertible Notes in cash on conversion and calculates diluted earnings per share using the treasury-stock method. Stock-based awards and the conversion feature on the Convertible Notes 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, 2020, the number of Common Stock from stock-based awards and the conversion feature on the Convertible Notes that had an anti-dilutive effect on the calculation of diluted earnings per common share were 6.0 million (three and six months ended June 30, 2019 – 6.1 million). In periods where a loss attributable to shareholders of Teekay has been incurred, all stock-based awards and the conversion feature on the Convertible Notes are anti-dilutive.