Earnings Per Share

9 Months Ended

Sep. 30, 2015

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 that was granted prior to March 2015 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 September 30,					Nine months ended September 30,
	2015			2014		2015		2014
Net income (loss) attributable to The Andersons, Inc.	$	(1,227	)	$	16,825	$	33,961	$	83,834
Less: Distributed and undistributed earnings allocated to nonvested restricted stock	(2		)	93		61		443
Earnings available to common shareholders	$	(1,225	)	$	16,732	$	33,900	$	83,391
Earnings per share – basic:
Weighted average shares outstanding – basic	28,071			28,260		28,394		28,222
Earnings per common share – basic	$	(0.04	)	$	0.59	$	1.19	$	2.95
Earnings per share – diluted:
Weighted average shares outstanding – basic	28,071			28,260		28,394		28,222
Effect of dilutive awards	—			40		60		46
Weighted average shares outstanding – diluted	28,071			28,300		28,454		28,268
Earnings per common share – diluted	$	(0.04	)	$	0.59	$	1.19	$	2.95

There were no antidilutive stock-based awards outstanding at September 30, 2015 or 2014.