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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2014
Accounting Policies [Abstract] |
Summary of Capitalized Dry Docking Costs | The continuity of capitalized dry docking costs for the three years ended December 31, 2014, 2013, and 2012, is summarized as follows:
|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
|  | $ |  |  | $ |  |  | $ |
Balance at the beginning of the year |  |  | 118,194 |  |  |  | 100,928 |  |  |  | 128,987 |
Costs incurred for dry dockings |  |  | 74,018 |  |  |  | 72,545 |  |  |  | 35,336 |
Dry dock amortization |  |  | (50,926 | ) |  |  | (50,325 | ) |  |  | (57,082 | )
Write down / sales of vessels |  |  | (5,955 | ) |  |  | (4,954 | ) |  |  | (6,313 | )
Balance at the end of the year |  |  | 135,331 |  |  |  | 118,194 |  |  |  | 100,928 |
Summary of Financing Receivables | The following table contains a summary of the Company’s financing receivables by type of borrower, the method by which the Company monitors the credit quality of its financing receivables on a quarterly basis, and the grade as of December 31, 2014.
|  |  |  |  |  | December 31, |
|  |  |  |  |  | 2014 |  |  | 2013 |
Class of Financing Receivable |  | Credit Quality Indicator |  | Grade |  | $ |  |  | $ |
Direct financing leases |  | Payment activity |  | Performing |  |  | 704,953 |  |  |  | 727,262 |
Other loan receivables |  |  |  |  |  |  |  |  |  |  |  |
Investment in term loans and interest receivable |  | Collateral |  | Non-Performing(1) |  |  | — |  |  |  | 211,579 |
Loans to equity-accounted investees and joint venture partners (2) |  | Other internal metrics Performing |  |  |  |  | 253,426 |  |  |  | 169,248 |
Long-term receivable included in other assets |  | Payment activity |  | Performing |  |  | 43,843 |  |  |  | 31,634 |
|  |  |  |  |  |  | 1,002,222 |  |  |  | 1,139,723 |
(1) | In March 2014, Teekay and Teekay Tankers took ownership of the vessels held as collateral in satisfaction of the loans and accrued interest. (See Note 4).
(2) | The Company’s subsidiary Teekay LNG owns a 99% interest in Teekay Tangguh Borrower LLC (or Teekay Tangguh), which owns a 70% interest in the Teekay BLT Corporation (or the Teekay Tangguh Joint Venture), essentially giving Teekay LNG a 69% interest in the Teekay Tangguh Joint Venture. During the year ended December 31, 2012, the parent company of Teekay LNG‘s joint venture partner, BLT LNG Tangguh Corporation (or BLT), suspended trading on the Jakarta Stock Exchange and entered into a court-supervised debt restructuring in Indonesia. The remaining loans to BLT, totaling $1.8 million as at December 31, 2014 (December 31, 2013—$28.5 million), are considered to be collectible given a signed settlement agreement between the Company and BLT regarding repayment terms. In 2014, the Teekay Tangguh Joint Venture declared dividends of $87.1 million, of which $14.4 million was used to offset the advances made to BLT and P.T. Berlian Laju Tanker and $11.7 million was repaid to Teekay by BLT. In addition, $1.5 million was paid to Teekay by BLT as part of the settlement agreement.
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table contains the changes in the balances of each component of accumulated other comprehensive income (loss) attributable to shareholders of Teekay for the periods presented.
|  | Qualifying Cash Flow Hedging Instruments |  |  | Pension Adjustments |  |  | Unrealized (Loss) Gain on Available for Sale Marketable Securities |  |  | Foreign Exchange Loss on Currency Translation |  |  | Total |
|  | $ |  |  | $ |  |  | $ |  |  | $ |  |  | $ |
Balance as of December 31, 2011 |  |  | (306 | ) |  |  | (22,941 | ) |  |  | (656 | ) |  |  | — |  |  |  | (23,903 | )
Other comprehensive income |  |  | 647 |  |  |  | 6,688 |  |  |  | 656 |  |  |  | 1,144 |  |  |  | 9,135 |
Balance as of December 31, 2012 |  |  | 341 |  |  |  | (16,253 | ) |  |  | — |  |  |  | 1,144 |  |  |  | (14,768 | )
Other comprehensive (loss) income |  |  | (324 | ) |  |  | (2,666 | ) |  |  | (171 | ) |  |  | 740 |  |  |  | (2,421 | )
Balance as of December 31, 2013 |  |  | 17 |  |  |  | (18,919 | ) |  |  | (171 | ) |  |  | 1,884 |  |  |  | (17,189 | )
Other comprehensive (loss) income |  |  | (485 | ) |  |  | (10,969 | ) |  |  | 171 |  |  |  | 174 |  |  |  | (11,109 | )
Balance as of December 31, 2014 |  |  | (468 | ) |  |  | (29,888 | ) |  |  | — |  |  |  | 2,058 |  |  |  | (28,298 | )

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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=35738203&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=32702940&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=36458714&loc=SL7669686-108580 + Details
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