Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Company's investment balance in each of its equity method investees by entity

The following table presents the Company’s investment balance in each of its equity method investees by entity:

(in thousands)	June 30, 2012		December 31, 2011		June 30, 2011
The Andersons Albion Ethanol LLC	$	31,248	$	32,829	$	31,075
The Andersons Clymers Ethanol LLC	38,225		40,001		40,106
The Andersons Marathon Ethanol LLC	37,782		43,019		37,577
Lansing Trade Group, LLC	80,052		81,209		69,175
Other	2,303		2,003		1,955
Total	$	189,610	$	199,061	$	179,888

Income (loss) earned from the Company's equity method investments by entity

The following table summarizes income (losses) earned from the Company’s equity method investments by entity:

(in thousands)	% ownership at June 30, 2012 (direct and indirect)	Three months ended June 30,					Six months ended June 30,
		2012			2011		2012			2011
The Andersons Albion Ethanol LLC	50%	$	(215	)	$	2,146	$	418		$	2,530
The Andersons Clymers Ethanol LLC	38%	(655		)	2,783		(1,012		)	2,919
The Andersons Marathon Ethanol LLC	50%	(1,540		)	2,153		(3,487		)	2,648
Lansing Trade Group, LLC	51% *	7,244			5,346		13,160			11,512
Other	7%-33%	262			84		300			149
Total		$	5,096		$	12,512	$	9,379		$	19,758

*    This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 2%.

Schedule of aggregate summarized financial information of subsidiaries

The following table sets forth the related party transactions entered into for the time periods presented:

(in thousands)	Three months ended June 30,				Six months ended June 30,
	2012		2011		2012		2011
Sales revenues	$	226,989	$	233,966	$	420,050	$	416,836
Service fee revenues (a)	5,393		5,852		10,872		11,019
Purchases of product	145,513		159,781		294,322		288,779
Lease income (b)	1,855		1,415		3,733		2,667
Labor and benefits reimbursement (c)	3,010		2,611		5,751		5,384
Other expenses (d)	197		45		336		45
Accounts receivable at June 30 (e)	16,575		23,558
Accounts payable at June 30 (f)	20,478		21,409

(a) Service fee revenues include management fee, corn origination fee, ethanol and DDG marketing fees, and other commissions.

(b) Lease income includes the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities as well as certain railcars to the various ethanol LLCs and IANR.

(c) The Company provides all operational labor to the ethanol LLCs and charges them an amount equal to the Company’s costs of the related services.

(d) Other expenses include payments to IANR for repair shop rent and use of their railroad reporting mark, as well as payment to LTG for the lease of railcars.

(e) Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.

(f) Accounts payable represents amounts due to related parties for purchases of ethanol.