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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract] |
Summarized Dry docking activity |
|  | Year ended December 31, |
|  | 2011 $ |  |  | 2010 $ |  |  | 2009 $ |
Balance at the beginning of the year |  |  | 143,103 |  |  |  | 172,053 |  |  |  | 154,613 |
Costs incurred for dry docking |  |  | 60,484 |  |  |  | 57,156 |  |  |  | 79,482 |
Dry dock amortization |  |  | (74,600 | ) |  |  | (86,106 | ) |  |  | (62,042 | )
Balance at the end of the year |  |  | 128,987 |  |  |  | 143,103 |  |  |  | 172,053 |
Summary of financing receivables |
Class of Financing Receivable |  | Credit Quality Indicator |  | Grade |  | December 31, 2011 $ |  |  | December 31, 2010 $ |
Direct financing leases |  | Payment activity |  | Performing |  |  | 459,908 |  |  |  | 487,516 |
Other loan receivables |  |  |  |  |  |  |  |  |  |  |  |
Investment in term loans and interest receivable |  | Collateral |  | Performing |  |  | 188,616 |  |  |  | 117,825 |
Loans to joint ventures and joint venture partners (1) |  | Other internal metrics |  | Performing |  |  | 36,002 |  |  |  | 33,932 |
Long-term receivable included in other assets |  | Payment activity |  | Performing |  |  | 786 |  |  |  | 410 |
|  |  |  |  |  |  | 685,312 |  |  |  | 639,683 |
| (1) | The Company’s subsidiary Teekay LNG Partners L.P. (or Teekay LNG) owns a 99% interest in Teekay Tangguh Borrower LLC (or Teekay Tangguh), which owns a 70% interest in Teekay BLT Corporation (or Teekay Tangguh Subsidiary). Subsequent to December 31, 2011, one of Teekay LNG’s joint venture partner’s parent company, PT Berlian Laju Tanker (or BLT), suspended trading on the Jakarta Stock Exchange, and filed for bankruptcy protection in order to restructure its debts. The Company believes the loans to BLT and Teekay LNG’s joint venture partner, BLT LNG Tangguh Corporation, totaling $19.1 million as at December 31, 2011 (2010—$20.2 million) are still collectible given the expected cash flows anticipated to be generated by the Teekay Tangguh Subsidiary that can be used to repay the loan and given the underlying collateral securing the loans to BLT.
Accumulated other comprehensive (loss) income |
|  | Qualifying Cash Flow Hedging Instruments |  |  | Pension Adjustments |  |  | Unrealized Gain on Available for Sale Marketable Securities |  |  | Total |
|  | $ |  |  | $ |  |  | $ |  |  | $ |
Balance as of December 31, 2008 |  |  | (58,723 | ) |  |  | (23,338 | ) |  |  | — |  |  |  | (82,061 | )
Other comprehensive income |  |  | 61,646 |  |  |  | 13,044 |  |  |  | 5,837 |  |  |  | 80,527 |
Balance as of December 31, 2009 |  |  | 2,923 |  |  |  | (10,294 | ) |  |  | 5,837 |  |  |  | (1,534 | )
Other comprehensive (loss) income |  |  | (628 | ) |  |  | (7,245 | ) |  |  | 1,236 |  |  |  | (6,637 | )
Balance as of December 31, 2010 |  |  | 2,295 |  |  |  | (17,539 | ) |  |  | 7,073 |  |  |  | (8,171 | )
Other comprehensive (loss) income |  |  | (2,601 | ) |  |  | (5,402 | ) |  |  | (7,729 | ) |  |  | (15,732 | )
Balance as of December 31, 2011 |  |  | (306 | ) |  |  | (22,941 | ) |  |  | (656 | ) |  |  | (23,903 | )

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- Definition Dry docking. + References No definition available. + Details
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- Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=6951925&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References No definition available. + Details
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