Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2013

Related Party Transactions [Abstract]

Schedule of aggregate summarized financial information of subsidiaries

The following table presents aggregate summarized financial information of LTG, TAAE, TACE, TAME, Thompsons Limited, and other various investments as they qualified as significant subsidiaries in the aggregate. LTG was the only equity method investment that qualified as a significant subsidiary individually for the years ended December 31, 2013, 2012 and 2011.

	December 31,
(in thousands)	2013		2012		2011
Sales	$	10,232,395	$	8,080,741	$	6,935,755
Gross profit	305,016		130,241		165,793
Income from continuing operations	148,583		34,161		90,510
Net income	144,699		32,451		87,673
Current assets	1,406,200		1,266,311
Non-current assets	508,319		326,776
Current liabilities	1,040,762		1,062,181
Non-current liabilities	244,910		123,991
Noncontrolling interests	20,118		22,745

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:

	December 31,
(in thousands)	2013		2012
The Andersons Albion Ethanol LLC	$	40,194	$	30,227
The Andersons Clymers Ethanol LLC	44,418		33,119
The Andersons Marathon Ethanol LLC	46,811		32,996
Lansing Trade Group, LLC	106,028		92,094
Thompsons Limited (a)	49,833		—
Other	3,825		2,472
Total	$	291,109	$	190,908

(a) Thompsons Limited and related U.S. operating company held by joint ventures

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:

	% ownership at December 31, 2013 (direct and indirect)	December 31,
(in thousands)		2013		2012			2011
The Andersons Albion Ethanol LLC	53%	$	10,469	$	(497	)	$	5,285
The Andersons Clymers Ethanol LLC	38%	11,299		(3,828		)	4,341
The Andersons Marathon Ethanol LLC	50%	13,815		(8,273		)	8,089
Lansing Trade Group, LLC	49% (a)	31,212		28,559			23,558
Thompsons Limited (b)	50%	1,634		—			—
Other	5%-23%	276		526			177
Total		$	68,705	$	16,487		$	41,450

(a)  This does not consider the restricted management units which once vested will reduced the ownership percentage by approximately 1.5%.

(b) Thompsons Limited and related U.S. operating company held by joint ventures

Schedule of Related Party Transactions

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

	December 31,
(in thousands)	2013		2012		2011
Sales revenues	$	1,315,234	$	1,031,458	$	841,366
Service fee revenues (a)	23,536		22,165		22,850
Purchases of product	704,948		655,686		636,144
Lease income (b)	6,223		6,995		6,128
Labor and benefits reimbursement (c)	10,613		12,140		10,784
Other expenses (d)	2,349		1,093		192
Accounts receivable at December 31 (e)	21,979		28,610		14,730
Accounts payable at December 31 (f)	19,887		17,804		24,530

(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 unconsolidated 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 and other various items.