Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Unvested share-based payment awards that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The Company’s nonvested restricted stock is considered a participating security since the share-based awards contain a non-forfeitable right to dividends irrespective of whether the awards ultimately vest.

(in thousands, except per common share data)	Three months ended March 31,
	2014		2013
Net income attributable to The Andersons, Inc.	$	22,708	$	12,578
Less: Distributed and undistributed earnings allocated to nonvested restricted stock	104		49
Earnings available to common shareholders	$	22,604	$	12,529
Earnings per share – basic:
Weighted average shares outstanding – basic	28,155		27,912
Earnings per common share – basic	$	0.80	$	0.45
Earnings per share – diluted:
Weighted average shares outstanding – basic	28,155		27,912
Effect of dilutive awards	69		150
Weighted average shares outstanding – diluted	28,224		28,062
Earnings per common share – diluted	$	0.80	$	0.45

There were no antidilutive stock-based awards outstanding at March 31, 2014 or 2013.