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Net Income (Loss) Per Share | 6 Months Ended
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Jun. 30, 2020
Earnings Per Share [Abstract] |
Net Loss Per Share | Net Income (Loss) Per Share
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| $ |  | $ |  | $ |  | $
Net income (loss) attributable to the shareholders of Teekay Corporation – basic and diluted | 21,723 |  |  | (39,485 | ) |  | (28,082 | ) |  | (123,742 | )
Weighted average number of common shares | 101,107,362 |  |  | 100,783,496 |  |  | 100,997,456 |  |  | 100,652,685 |
Dilutive effect of stock-based compensation | 89,021 |  |  | — |  |  | — |  |  | — |
Common stock and common stock equivalents | 101,196,383 |  |  | 100,783,496 |  |  | 100,997,456 |  |  | 100,652,685 |
Income (loss) per common share: |  |  |  |  |  |  |
- Basic | 0.21 |  |  | (0.39 | ) |  | (0.28 | ) |  | (1.23 | )
- Diluted | 0.21 |  |  | (0.39 | ) |  | (0.28 | ) |  | (1.23 | )
The Company intends to settle the principal of the Convertible Notes in cash on conversion and calculates diluted earnings per share using the treasury-stock method. Stock-based awards and the conversion feature on the Convertible Notes that have an anti-dilutive effect on the calculation of diluted loss per common share, are excluded from this calculation. For the three and six months ended June 30, 2020, the number of Common Stock from stock-based awards and the conversion feature on the Convertible Notes that had an anti-dilutive effect on the calculation of diluted earnings per common share were 6.0 million (three and six months ended June 30, 2019 – 6.1 million). In periods where a loss attributable to shareholders of Teekay has been incurred, all stock-based awards and the conversion feature on the Convertible Notes are anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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