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Investments (Tables) | 12 Months Ended
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Dec. 31, 2016
Teekay Tankers [Member] | Ship-to-Ship Transfer Business (SPT) [Member] |
Business Acquisition [Line Items] |
Summary of Preliminary and Finalized Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the final estimates of fair values of the SPT assets acquired and liabilities assumed by Teekay Tankers on the acquisition date. Such estimates of fair value were finalized in the first quarter of 2016 and resulted in an increase in goodwill of $8.1 million and a decrease in intangible assets by $8.4 million from preliminary estimates. Such changes did not have a material impact to the Company's consolidated statement of income for 2016.
| As at July 31, 2015
| $
ASSETS |
Cash, cash equivalents and short-term restricted cash | 1,292 |
Accounts receivable | 10,332 |
Prepaid expenses and other current assets | 3,763 |
Vessels and equipment | 6,475 |
Other assets | 143 |
Intangible assets subject to amortization |
Customer relationships (1) | 17,901 |
Customer contracts (1) | 4,599 |
Goodwill (2) | 8,059 |
Total assets acquired | 52,564 |
LIABILITIES |
Accounts payable | (3,650 | )
Accrued liabilities | (3,276 | )
Total liabilities assumed | (6,926 | )
Net assets acquired (3) | 45,638 |
(1) | The customer relationships and customer contracts are being amortized over weighted average amortization periods of 10 years and 7.6 years, respectively. As at December 31, 2016, the gross carrying amount, accumulated amortization and net carrying amount were $22.5 million, $4.8 million and $17.7 million, respectively.
(2) | Goodwill recognized from this acquisition was attributed to the Company's Teekay Tankers Segment - Conventional tankers.
(3) | Prior to the SPT acquisition date, SPT had in-chartered the Explorer Spirit from the Company. Of the SPT acquisition price, $1.4 million was allocated to the settlement of this pre-existing relationship. Such amount has been accounted for as a reduction to revenue on the SPT acquisition date.
Teekay Offshore [Member] | Logitel Offshore Holdings [Member] |
Business Acquisition [Line Items] |
Summary of Preliminary and Finalized Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the preliminary and final valuations of the Logitel assets and liabilities on the acquisition date. The estimates of fair values of the Logitel assets acquired and liabilities assumed by Teekay Offshore were finalized during the second quarter of 2015.
(in thousands of U.S. Dollars) | Preliminary Valuation August 11, 2014 $ |  | Adjustments $ |  | Final Valuation August 11, 2014 $
ASSETS |  |  |  |  |
Cash and cash equivalents | 8,089 |  |  | — |  |  | 8,089 |
Prepaid expenses | 640 |  |  | — |  |  | 640 |
Advances on newbuilding contracts | 46,809 |  |  | (2,239 | ) |  | 44,570 |
Intangible assets | — |  |  | 1,000 |  |  | 1,000 |
Total assets acquired | 55,538 |  |  | (1,239 | ) |  | 54,299 |
LIABILITIES |  |  |  |  |
Accrued liabilities | 4,098 |  |  | — |  |  | 4,098 |
Long-term debt | 26,270 |  |  | 1,330 |  |  | 27,600 |
Total liabilities assumed | 30,368 |  |  | 1,330 |  |  | 31,698 |
Net assets acquired | 25,170 |  |  | (2,569 | ) |  | 22,601 |
Cash consideration | 4,000 |  |  | — |  |  | 4,000 |
Contingent consideration | 21,170 |  |  | (2,569 | ) |  | 18,601 |
Teekay Offshore [Member] | ALP Maritime Services B.V [Member] |
Business Acquisition [Line Items] |
Summary of Preliminary and Finalized Fair Values of Assets Acquired and Liabilities Assumed | The following table summarizes the finalized estimates of fair values of the ALP assets acquired and liabilities assumed by Teekay Offshore on the acquisition date.
(in thousands of U.S. Dollars) | As at March 14, 2014 $
ASSETS |
Cash and cash equivalents | 294 |
Other current assets | 404 |
Advances on newbuilding contracts | 164 |
Other assets - long-term | 395 |
Goodwill | 2,032 |
Total assets acquired | 3,289 |
LIABILITIES |
Current liabilities | 387 |
Other long-term liabilities | 286 |
Total liabilities assumed | 673 |
Net assets acquired | 2,616 |
Consideration | 2,616 |

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