Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2014

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)	March 31, 2014		December 31, 2013		March 31, 2013
The Andersons Albion Ethanol LLC (a)	$	31,867	$	40,194	$	31,169
The Andersons Clymers Ethanol LLC (a)	40,412		44,418		32,900
The Andersons Marathon Ethanol LLC (a)	45,946		46,811		32,164
Lansing Trade Group, LLC (b)	60,837		106,028		91,752
Thompsons Limited (c)	49,520		49,833		—
Other	3,814		3,825		2,392
Total	$	232,396	$	291,109	$	190,377

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

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



	% ownership at March 31, 2014	Three months ended March 31,
(in thousands)	% ownership at March 31, 2014	2014			2013
The Andersons Albion Ethanol LLC	53%	$	4,943		$	944
The Andersons Clymers Ethanol LLC	38%	5,539			(219		)
The Andersons Marathon Ethanol LLC	50%	8,135			(832		)
Lansing Trade Group, LLC	41% (a)	2,221			7,991
Thompsons Limited (b)	50%	(313		)	—
Other	5%-23%	(24		)	(80		)
Total		$	20,501		$	7,804

(a) This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 2%

Schedule Of Summarized Unaudited Financial Information Of Equity Method Investment [Table Text Block]

In the first quarter of 2013, LTG qualified as a significant subsidiary of the Company under the income test. The following table presents the required summarized unaudited financial information of this investment for the three months ended March 31, 2014 and 2013:



(in thousands)	Three months ended March 31,
(in thousands)	2014		2013
Sales	$	2,222,994	$	2,553,145
Gross profit	31,056		44,107
Income before income taxes	8,002		17,117
Net income	5,573		16,892
Net income attributable to LTG	5,320		16,798

Schedule of aggregate summarized financial information of subsidiaries

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



	Three months ended March 31,
(in thousands)	2014		2013
Sales revenues	$	221,994	$	309,705
Service fee revenues (a)	5,638		5,801
Purchases of product	155,015		161,955
Lease income (b)	1,664		1,552
Labor and benefits reimbursement (c)	2,868		2,643
Other expenses (d)	486		358
Accounts receivable at March 31 (e)	30,609		12,550
Accounts payable at March 31 (f)	24,454		24,967


(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 and other various items.