Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2015

The following table presents the Company’s investment balance in each of its equity method investees by entity:



(in thousands)	June 30, 2015		December 31, 2014		June 30, 2014
The Andersons Albion Ethanol LLC	$	30,943	$	27,824	$	38,187
The Andersons Clymers Ethanol LLC	29,698		37,624		47,129
The Andersons Marathon Ethanol LLC	29,681		31,537		56,320
Lansing Trade Group, LLC	84,092		78,696		65,730
Thompsons Limited (a)	47,232		48,455		53,058
Other	2,734		2,721		3,957
Total	$	224,380	$	226,857	$	264,381

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

The following table summarizes income earned from the Company’s equity method investments by entity:



	% ownership at June 30, 2015	Three months ended June 30,				Six months ended June 30,
(in thousands)	% ownership at June 30, 2015	2015		2014		2015		2014
The Andersons Albion Ethanol LLC	53%	$	2,324	$	6,656	$	3,416	$	11,599
The Andersons Clymers Ethanol LLC	38%	3,180		6,716		3,468		12,255
The Andersons Marathon Ethanol LLC	50%	2,812		10,374		3,144		18,509
Lansing Trade Group, LLC	40% (a)	5,498		4,893		7,908		7,114
Thompsons Limited (b)	50%	2,229		3,399		1,367		3,086
Other	5%-34%	147		175		147		151
Total		$	16,190	$	32,213	$	19,450	$	52,714

(a) This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 1.0%

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

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



	Three months ended June 30,				Six months ended June 30,
(in thousands)	2015		2014		2015		2014
Sales revenues	$	197,253	$	297,108	$	346,724	$	519,102
Service fee revenues (a)	6,330		6,203		11,255		11,841
Purchases of product	113,314		169,601		216,108		324,616
Lease income (b)	1,582		1,596		3,245		3,260
Labor and benefits reimbursement (c)	2,779		2,931		5,811		5,799
Other expenses (d)	224		238		557		724


(a)	Service fee revenues include management fees, corn origination fees, 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.