Segment Information

6 Months Ended

Jun. 30, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company’s operations include six reportable business segments that are distinguished primarily on the basis of products and services offered. The Grain business includes grain merchandising, the operation of terminal grain elevator facilities and the investment in Lansing Trade Group, LLC (“LTG”). The Ethanol business purchases and sells ethanol and also manages the ethanol production facilities organized as limited liability companies that are investments accounted for under the equity method (“ethanol LLCs”) and various service contracts for these investments. The Ethanol Group also performs the same functions for The Andersons Denison Ethanol LLC, a consolidated subsidiary. Rail operations include the leasing, marketing and fleet management of railcars and locomotives, railcar repair and metal fabrication. The Plant Nutrient business manufactures and distributes agricultural inputs, primarily fertilizer, to dealers and farmers. Turf & Specialty operations include the production and distribution of turf care and corncob-based products. The Retail business operates large retail stores, a specialty food market, a distribution center and a lawn and garden equipment sales and service shop. Included in “Other” are the corporate level amounts not attributable to an operating segment.

	Three months ended June 30,				Six months ended June 30,
	2012		2011		2012		2011
(in thousands)
Revenues from external customers
Grain	$	718,911	$	797,130	$	1,418,772	$	1,435,097
Ethanol	167,758		164,704		318,428		297,452
Plant Nutrient	308,797		259,823		484,157		383,472
Rail	32,046		29,501		67,905		58,411
Turf & Specialty	43,845		41,551		88,972		88,821
Retail	44,477		45,458		74,733		76,588
Other	—		—		—		—
Total	$	1,315,834	$	1,338,167	$	2,452,967	$	2,339,841

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2012		2011		2012		2011
Inter-segment sales
Grain	$	—	$	1	$	1	$	2
Ethanol	—		—		—		—
Plant Nutrient	5,334		3,221		8,417		8,606
Rail	208		—		411		189
Turf & Specialty	497		627		1,473		1,332
Retail	—		—		—		—
Other	—		—		—		—
Total	$	6,039	$	3,849	$	10,302	$	10,129

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2012		2011		2012			2011
Interest expense (income)
Grain	$	2,687	$	3,859	$	5,939		$	8,699
Ethanol	185		274		209			686
Plant Nutrient	632		973		1,342			1,816
Rail	1,156		1,511		2,334			2,958
Turf & Specialty	312		372		668			821
Retail	157		207		353			467
Other	251		366		(135		)	(549		)
Total	$	5,380	$	7,562	$	10,710		$	14,898

	Three months ended June 30,					Six months ended June 30,
(in thousands)	2012			2011		2012			2011
Equity in earnings (loss) of affiliates
Grain	$	7,505		$	5,428	$	13,457		$	11,658
Ethanol	(2,410		)	7,082		(4,081		)	8,096
Plant Nutrient	1			2		3			4
Rail	—			—		—			—
Turf & Specialty	—			—		—			—
Retail	—			—		—			—
Other	—			—		—			—
Total	$	5,096		$	12,512	$	9,379		$	19,758

	Three months ended June 30,					Six months ended June 30,
(in thousands)	2012			2011		2012		2011
Other income, net
Grain	$	489		$	522	$	1,316	$	1,102
Ethanol	20			37		36		95
Plant Nutrient	1,010			134		1,128		259
Rail	824			841		1,600		1,594
Turf & Specialty	289			259		490		549
Retail	155			144		279		300
Other	(116		)	81		1,068		425
Total	$	2,671		$	2,018	$	5,917	$	4,324

	Three months ended June 30,						Six months ended June 30,
(in thousands)	2012			2011			2012			2011
Income (loss) before income taxes
Grain	$	15,277		$	36,541		$	34,712		$	51,642
Ethanol	(2,105		)	8,830			(1,984		)	12,401
Plant Nutrient	27,953			24,077			33,781			29,191
Rail	7,199			2,763			15,217			6,309
Turf & Specialty	2,753			1,778			4,955			5,056
Retail	1,428			1,877			(1,321		)	(787		)
Other	(5,950		)	(4,673		)	(10,157		)	(5,547		)
Noncontrolling interests	(728		)	817			(1,407		)	939
Total	$	45,827		$	72,010		$	73,796		$	99,204

(in thousands)	June 30, 2012		December 31, 2011		June 30, 2011
Identifiable assets
Grain	$	844,526	$	883,395	$	772,995
Ethanol	212,094		148,975		93,059
Plant Nutrient	214,617		240,543		281,691
Rail	310,651		246,188		214,971
Turf & Specialty	66,580		69,487		61,141
Retail	56,986		52,018		54,243
Other	89,320		93,517		65,749
Total	$	1,794,774	$	1,734,123	$	1,543,849