Earnings Per Share

6 Months Ended

Jun. 30, 2019

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 June 30,				Six months ended June 30,
	2019		2018		2019		2018
Net income attributable to The Andersons, Inc.	$	29,888	$	21,529	$	15,895	$	19,829
Less: Distributed and undistributed earnings allocated to nonvested restricted stock	—		—		—		—
Earnings available to common shareholders	$	29,888	$	21,529	$	15,895	$	19,829
Earnings per share – basic:
Weighted average shares outstanding – basic	32,521		28,261		32,511		28,249
Earnings per common share – basic	$	0.92	$	0.76	$	0.49	$	0.70
Earnings per share – diluted:
Weighted average shares outstanding – basic	32,521		28,261		32,511		28,249
Effect of dilutive awards	212		128		560		187
Weighted average shares outstanding – diluted	32,733		28,389		33,071		28,436
Earnings per common share – diluted	$	0.91	$	0.76	$	0.48	$	0.70

All outstanding share awards were 33 thousand and 61 thousand antidilutive for the three and six months ended June 30, 2019, respectively. There were 28 thousand and 25 thousand antidilutive stock-based awards outstanding for the three and six months ended June 30, 2018, respectively.