Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013		December 31, 2012		June 30, 2012
The Andersons Albion Ethanol LLC	$	32,047	$	30,227	$	31,248
The Andersons Clymers Ethanol LLC	34,257		33,119		38,225
The Andersons Marathon Ethanol LLC	34,818		32,996		37,782
Lansing Trade Group, LLC	91,573		92,094		80,052
Other	2,546		2,472		2,303
Total	$	195,241	$	190,908	$	189,610

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, 2013	Three months ended June 30,					Six months ended June 30,
		2013		2012			2013		2012
The Andersons Albion Ethanol LLC	50%	$	972	$	(215	)	$	1,916	$	418
The Andersons Clymers Ethanol LLC	38%	1,358		(655		)	1,139		(1,012		)
The Andersons Marathon Ethanol LLC	50%	2,654		(1,540		)	1,822		(3,487		)
Lansing Trade Group, LLC	49% *	4,873		7,244			12,864		13,160
Other	5%-23%	153		262			73		300
Total		$	10,010	$	5,096		$	17,814	$	9,379

*    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,
	2013		2012		2013		2012
Sales revenues	$	359,759	$	259,264	$	669,464	$	476,076
Service fee revenues (a)	5,814		5,393		11,615		10,872
Purchases of product	183,105		145,569		345,060		294,419
Lease income (b)	1,518		1,855		3,070		3,733
Labor and benefits reimbursement (c)	2,623		3,010		5,266		5,751
Other expenses (d)	395		298		753		503
Accounts receivable at June 30 (e)	24,149		22,111
Accounts payable at June 30 (f)	27,936		20,478

(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 unconsolidated 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 facility rent and use of their railroad reporting mark, payment to LTG for the lease of railcars and other various expenses.

(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.