XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sales and merchandising revenues $ 1,315,834 $ 1,338,167 $ 2,452,967 $ 2,339,841
Cost of sales and merchandising revenues 1,213,184 1,215,395 2,264,447 2,138,384
Gross profit 102,650 122,772 188,520 201,457
Operating, administrative and general expenses 59,210 57,730 119,310 111,437
Interest expense 5,380 7,562 10,710 14,898
Other income:        
Equity in earnings of affiliates 5,096 12,512 9,379 19,758
Other income, net 2,671 2,018 5,917 4,324
Income before income taxes 45,827 72,010 73,796 99,204
Income tax provision 17,356 25,975 27,597 35,781
Net income 28,471 46,035 46,199 63,423
Net income (loss) attributable to the noncontrolling interest (728) 817 (1,407) 939
Net income attributable to The Andersons, Inc. $ 29,199 $ 45,218 $ 47,606 $ 62,484
Per common share:        
Basic earnings attributable to The Andersons, Inc. common shareholders (dollars per share) $ 1.57 $ 2.44 $ 2.56 $ 3.37
Diluted earnings attributable to The Andersons, Inc. common shareholders (dollars per share) $ 1.56 $ 2.42 $ 2.54 $ 3.34
Dividends paid (dollars per share) $ 0.15 $ 0.1100 $ 0.30 $ 0.2200