XML 37 R22.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Other (Loss) Income | 12 Months Ended
--- | ---
Dec. 31, 2017
Other Income and Expenses [Abstract] |
Other (Loss) Income | 14. Other (Loss) Income
| Year Ended December 31, 2017 $ |  | Year Ended December 31, 2016 $ |  | Year Ended December 31, 2015 $
Tax indemnification guarantee liability (1) | (50,000 | ) |  | — |  |  | — |
Write-off of contingent consideration (2) | — |  |  | 36,630 |  |  | — |
Contingent liability (3) | (4,500 | ) |  | (61,862 | ) |  | — |
Gain on sale / (write-down) of cost-accounted investment (4) | 1,250 |  |  | (19,000 | ) |  | — |
Miscellaneous (loss) income | (731 | ) |  | 5,219 |  |  | 1,566 |
Other (loss) income | (53,981 | ) |  | (39,013 | ) |  | 1,566 |
(1) | Related to the Teekay Nakilat capital lease (see Note 16d).
(2) | Related to reversals of contingent liabilities as a result of the cancellation of units for maintenance and safety (or UMS) construction contracts in Teekay Offshore, which was deconsolidated in September 2017 (see Note 3).
(3) | Related to settlements and accruals made prior to September 2017 as a result of claims and potential claims made against Logitel Offshore Holding AS (or Logitel), a company acquired by Teekay Offshore in 2014. Teekay Offshore was deconsolidated in September 2017 (see Note 3).
(4) | The Company holds cost-accounted investments at cost. During the year ended December 31, 2016, the Company recorded a write-down of an investment of $19.0 million. This investment was subsequently sold in 2017, resulting in a gain on sale of cost-accounted investment of $1.3 million.

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI http://asc.fasb.org/topic&trid=2122503 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI http://asc.fasb.org/topic&trid=49130413 + Details
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration