Earnings Per Share

6 Months Ended

Jun. 30, 2016

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 June 30,				Six months ended June 30,
	2016		2015		2016			2015
Net income (loss) attributable to The Andersons, Inc.	$	14,423	$	31,092	$	(273	)	$	35,189
Less: Distributed and undistributed earnings allocated to nonvested restricted stock	8		52		5			66
Earnings (loss) available to common shareholders	$	14,415	$	31,040	$	(278	)	$	35,123
Earnings per share – basic:
Weighted average shares outstanding – basic	28,227		28,375		28,164			28,558
Earnings (loss) per common share – basic	$	0.51	$	1.09	$	(0.01	)	$	1.23
Earnings per share – diluted:
Weighted average shares outstanding – basic	28,227		28,375		28,164			28,558
Effect of dilutive awards	86		13		—			51
Weighted average shares outstanding – diluted	28,313		28,388		28,164			28,609
Earnings (loss) per common share – diluted	$	0.51	$	1.09	$	(0.01	)	$	1.23

All outstanding share awards were antidilutive for the six months ended June 30, 2016 as the Company experienced a net loss. There were no antidilutive stock-based awards outstanding for the three months ended June 30, 2016 or at June 30, 2015.