v3.8.0.1

Derivative Instruments (Tables) | 12 Months Ended
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Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Summary of Interest Rate Swap Positions | As at December 31, 2016, the Company was committed to the following interest rate swap agreements:
| Interest Rate Index |  | Principal Amount $ |  | Fair Value / Carrying Amount of Asset (Liability) $ |  | Remaining Term (years) |  | Fixed Interest Rate (1)
LIBOR-Based Debt: |  |  |  |  |  |  |  |  |
U.S. Dollar-denominated interest rate swaps | LIBOR |  | 200,000 |  |  | 397 |  |  | 4.0 |  | 1.46%
U.S. Dollar-denominated interest rate swaps | LIBOR |  | 150,000 |  |  | 1,479 |  |  | 4.0 |  | 1.55%
U.S. Dollar-denominated interest rate swaps | LIBOR |  | 50,000 |  |  | 1,267 |  |  | 4.0 |  | 1.16%
(1) | Excludes the margin the Company pays on its variable-rate debt, which, as of December 31, 2016 ranged from 0.30% to 2.00%
Schedule of Derivative Instruments | The following table presents the location and fair value amounts of derivative instruments, segregated by type of contract, on the Company’s consolidated balance sheets.
| Current portion of derivative asset $ |  | Derivative assets $ |  | Accrued liabilities $ |  | Current portion of derivative liabilities $ |  | Derivative liabilities $
As at December 31, 2016 |  |  |  |  |  |  |  |  |
Interest rate swap agreements | — |  |  | 4,251 |  |  | (254 | ) |  | (1,108 | ) |  | — |
Stock purchase warrant | — |  |  | 287 |  |  | — |  |  | — |  |  | — |
Time-charter swap agreement | 875 |  |  | — |  |  | (667 | ) |  | — |  |  | — |
| 875 |  |  | 4,538 |  |  | (921 | ) |  | (1,108 | ) |  | — |
As at December 31, 2015 |  |  |  |  |  |  |  |  |
Interest rate swap agreements | — |  |  | — |  |  | (2,359 | ) |  | (6,330 | ) |  | (4,208 | )
Stock purchase warrant | — |  |  | 5,164 |  |  | — |  |  | — |  |  | — |
Time-charter swap agreement | — |  |  | — |  |  | — |  |  | — |  |  | — |
| — |  |  | 5,164 |  |  | (2,359 | ) |  | (6,330 | ) |  | (4,208 | )
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location | Realized and unrealized (losses) gains relating to interest rate swaps, stock purchase warrant and the time-charter swap are recognized in earnings and reported in realized and unrealized loss on derivative instruments in the Company’s consolidated statements of income as follows:
| Year Ended December 31, 2016 $ |  | Year Ended December 31, 2015 $ |  | Year Ended December 31, 2014 $
Realized (losses) gains relating to: |  |  |  |  |
Interest rate swaps agreements | (12,797 | ) |  | (9,790 | ) |  | (9,993 | )
Time-charter swap agreement | 2,154 |  |  | — |  |  | 3,546 |
| (10,643 | ) |  | (9,790 | ) |  | (6,447 | )
Unrealized gains (losses) relating to: |  |  |  |  |
Interest rate swaps agreements | 13,681 |  |  | 7,686 |  |  | 7,044 |
Stock purchase warrant | (4,877 | ) |  | 507 |  |  | 1,237 |
Time-charter swap agreement | 875 |  |  | — |  |  | 3,395 |
| 9,679 |  |  | 8,193 |  |  | 11,676 |
Total realized and unrealized loss on derivatives | (964 | ) |  | (1,597 | ) |  | 5,229 |

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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41641-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41678-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41638-113959 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5580258-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579245-113959 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5579240-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84234895&loc=d3e41620-113959 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
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- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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