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Earnings Per Share
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The Company’s non-vested 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. 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.
(in thousands, except per common share data)
Three months ended September 30,
 
Nine months ended September 30,
2018
 
2017
 
2018
 
2017
Net income (loss) attributable to The Andersons, Inc.
$
(2,098
)
 
$
2,533

 
$
17,732

 
$
(27,208
)
Less: Distributed and undistributed earnings allocated to nonvested restricted stock
—

 
—

 
—

 
—

Earnings (losses) available to common shareholders
$
(2,098
)
 
$
2,533

 
$
17,732

 
$
(27,208
)
Earnings per share – basic:
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
28,263

 
28,350

 
28,254

 
28,327

Earnings (losses) per common share – basic
$
(0.07
)
 
$
0.09

 
$
0.63

 
$
(0.96
)
Earnings per share – diluted:
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
28,263

 
28,350

 
28,254

 
28,327

Effect of dilutive awards
—

 
134

 
233

 
—

Weighted average shares outstanding – diluted
28,263

 
28,484

 
28,487

 
28,327

Earnings (losses) per common share – diluted
$
(0.07
)
 
$
0.09

 
$
0.62

 
$
(0.96
)

All outstanding share awards were antidilutive for the three months ended September 30, 2018 as the Company incurred a net loss for the period. There were no antidilutive stock-based awards outstanding for the nine months ended September 30, 2018. There were 43 thousand antidilutive stock-based awards outstanding for the three months ended September 30, 2017, and all outstanding share awards were antidilutive for the nine months ended September 30, 2017.