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(Loss) Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
(Loss) Earnings Per Share
(Loss) Earnings Per Share
 
Year Ended December 31,
 
2016
$
 
2015
$
 
2014
$
Net (loss) income attributable to shareholders of Teekay Corporation
(123,182
)
 
82,151

 
(54,757
)
The Company's portion of the Inducement Premium and Exchange Contribution charged to retained earnings by Teekay Offshore (note 15e)
(4,993
)
 
—

 
—

Net (loss) income attributable to shareholders of Teekay Corporation for basic income (loss) per share
(128,175
)
 
82,151

 
(54,757
)
Reduction in net earnings due to dilutive impact of stock-based compensation in Teekay LNG, Teekay Offshore and Teekay Tankers and Series C-1 Preferred Units in Teekay Offshore
(25
)
 
(227
)
 
—

Net (loss) income attributable to shareholders of Teekay Corporation for diluted income (loss) per share
(128,200
)
 
81,924

 
(54,757
)
Weighted average number of common shares
79,211,154

 
72,665,783

 
72,066,008

Dilutive effect of stock-based compensation
—

 
524,781

 
—

Common stock and common stock equivalents
79,211,154

 
73,190,564

 
72,066,008

(Loss) Earnings per common share:
 
 
 
 
 
 - Basic
(1.62
)
 
1.13

 
(0.76
)
 - Diluted
(1.62
)
 
1.12

 
(0.76
)


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, 2016 and 2015, options to acquire 3.8 million shares and 1.4 million shares of Common Stock, respectively, had an anti-dilutive effect on the calculation of diluted earnings per common share. In periods where a loss attributable to shareholders has been incurred all stock-based awards are anti-dilutive.