Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2015

17.

Net Income (Loss) Per Share


	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2015		2014			2015		2014
	$		$			$		$
Net income (loss) attributable to shareholders of Teekay Corporation		65,912		(42,987	)		56,148		(43,475	)

Weighted average number of common shares		72,697,121		72,036,526			72,623,503		71,687,549
Dilutive effect of stock-based compensation		780,559		—			755,724		—

Common stock and common stock equivalents		73,477,680		72,036,526			73,379,228		71,687,549

Income (Loss) per common share:
– Basic		0.91		(0.60	)		0.77		(0.61	)
– Diluted		0.90		(0.60	)		0.77		(0.61	)

Stock-based awards, which 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, 2015, options to acquire 0.4 million shares of Common Stock had an anti-dilutive effect on the calculation of diluted income per common share. In periods where a loss attributable to shareholders of Teekay has been incurred all stock-based awards are anti-dilutive.