Earnings Per Share (Tables)

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.