Earnings Per Share

9 Months Ended

Sep. 30, 2021


(in thousands, except per common share data)	Three months ended September 30,				Nine months ended September 30,
	2021		2020		2021		2020
Numerator:
Net income (loss) from continuing operations	$	12,290	$	1,788	$	66,069	$	(32,088)
Net income (loss) attributable to noncontrolling interests(a)	(1,602)		3,273		(822)		(20,583)
Net income (loss) available to The Andersons Inc. common shareholders from continuing operations	$	13,892	$	(1,485)	$	66,891	$	(11,505)

Income (loss) from discontinued operations, net of income taxes	$	1,846	$	427	$	7,453	$	3,224

Denominator:
Weighted average shares outstanding – basic	33,284		32,962		33,246		32,905
Effect of dilutive awards	350		—		424		—
Weighted average shares outstanding – diluted	33,634		32,962		33,670		32,905

Earnings (loss) per share attributable to The Andersons, Inc. common shareholders:
Basic earnings (loss):
Continuing operations	$	0.42	$	(0.04)	$	2.01	$	(0.35)
Discontinued operations	0.06		0.01		0.22		0.10
	$	0.48	$	(0.03)	$	2.23	$	(0.25)
Diluted earnings (loss):
Continuing operations	$	0.41	$	(0.04)	$	1.99	$	(0.35)
Discontinued operations	0.05		0.01		0.22		0.10
	$	0.46	$	(0.03)	$	2.21	$	(0.25)

(a) All net income (loss) attributable to noncontrolling interests is within the continuing operations of the Company.

There were 80 thousand antidilutive share awards outstanding for both the three and nine months ended September 30, 2021, respectively. All awards were antidilutive for the three and nine months ended September 30, 2020 as the Company incurred a net loss in both periods.