Income (Loss) Per Share

12 Months Ended

Dec. 31, 2015

19.

Income (Loss) Per Share


	Year Ended December 31,
	2015			2014			2013
	$			$			$
Net income (loss) attributable to shareholders of Teekay Corporation		82,151			(54,757	)		(114,738	)
Reduction in net earnings due to dilutive impact of stock-based compensation in Teekay LNG, Teekay Offshore and Teekay Tankers and Series C Preferred Units in Teekay Offshore		(227	)		—			—

Net income (loss) attributable to shareholders of Teekay Corporation for diluted income (loss) per share		81,924			(54,757	)		(114,738	)

Weighted average number of common shares		72,665,783			72,066,008			70,457,958
Dilutive effect of stock-based compensation		524,781			—			—

Common stock and common stock equivalents		73,190,564			72,066,008			70,457,958

Income (loss) per common share:
- Basic		1.13			(0.76	)		(1.63	)
- Diluted		1.12			(0.76	)		(1.63	)

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 years ended December 31, 2015 and 2013, options and equity awards to acquire 1.4 million and 1.0 million shares of Common Stock, respectively, had an anti-dilutive effect on the calculation of diluted income per common share.