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Earnings Per Share
 12 Months Ended
Dec. 31, 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 non-vested restricted stock granted is considered a participating security since the share-based awards contain a non-forfeitable right to dividends irrespective of whether the awards ultimately vest.









The computation of basic and diluted earnings per share is as follows:
(in thousands except per common share data)
Year ended December 31,
2016
 
2015
 
2014
Net income (loss) attributable to The Andersons, Inc.
$
11,594

 
$
(13,067
)
 
$
109,726

Less: Distributed and undistributed earnings allocated to non-vested restricted stock
9

 
29

 
569

Earnings available to common shareholders
$
11,585

 
$
(13,096
)
 
$
109,157

Earnings per share – basic:
 
 
 
 
 
Weighted average shares outstanding – basic
28,193

 
28,288

 
28,367

Earnings per common share – basic
$
0.41

 
$
(0.46
)
 
$
3.85

Earnings per share – diluted:
 
 
 
 
 
Weighted average shares outstanding – basic
28,193

 
28,288

 
28,367

Effect of dilutive awards
238

 
—

 
85

Weighted average shares outstanding – diluted
28,431

 
28,288

 
28,452

Earnings per common share – diluted
$
0.41

 
$
(0.46
)
 
$
3.84

No antidilutive stock-based awards were outstanding at December 31, 2016 or 2014. All outstanding share awards were antidilutive at December 31, 2015 as the Company experienced a net loss.