Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2015

Related Party Transactions [Abstract]

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)	September 30, 2015		December 31, 2014		September 30, 2014
The Andersons Albion Ethanol LLC	$	31,409	$	27,824	$	33,465
The Andersons Clymers Ethanol LLC	31,151		37,624		51,692
The Andersons Marathon Ethanol LLC	30,066		31,537		42,416
Lansing Trade Group, LLC	84,081		78,696		72,560
Thompsons Limited (a)	43,803		48,455		53,125
Other	2,697		2,721		3,908
Total	$	223,207	$	226,857	$	257,166

 (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 earned from the Company’s equity method investments by entity:

	% ownership at September 30, 2015	Three months ended September 30,					Nine months ended September 30,
(in thousands)		2015			2014		2015		2014
The Andersons Albion Ethanol LLC	53%	$	665		$	4,566	$	4,080	$	16,165
The Andersons Clymers Ethanol LLC	38%	1,454			4,564		4,922		16,819
The Andersons Marathon Ethanol LLC	50%	385			4,596		3,530		23,106
Lansing Trade Group, LLC	40% (a)	1,382			10,016		9,290		17,130
Thompsons Limited (b)	50%	17			68		1,385		3,154
Other	5%-34%	(58		)	107		88		257
Total		$	3,845		$	23,917	$	23,295	$	76,631

 (a) This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 1.4%

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

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 September 30,				Nine months ended September 30,
(in thousands)	2015		2014		2015		2014
Sales revenues	$	230,409	$	247,451	$	577,133	$	766,553
Service fee revenues (a)	3,610		5,732		14,865		17,573
Purchases of product	123,051		140,843		339,159		465,459
Lease income (b)	1,542		1,426		4,787		4,686
Labor and benefits reimbursement (c)	2,950		2,804		8,761		8,603
Other expenses (d)	269		301		827		1,025

(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.

(in thousands)	September 30, 2015		December 31, 2014		September 30, 2014
Accounts receivable (e)	$	19,799	$	25,049	$	21,407
Accounts payable (f)	15,929		17,687		21,911

(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.