Earnings Per Share

12 Months Ended

Dec. 31, 2021


(in thousands except per common share data)	Year Ended December 31,
	2021		2020		2019
Numerator:
Net income (loss) from continuing operations	$	131,542	$	(16,171)	$	3,876
Net income (loss) attributable to noncontrolling interests(a)	31,880		(21,925)		(3,247)
Net income attributable to The Andersons Inc. common shareholders from continuing operations	$	99,662	$	5,754	$	7,123

Income from discontinued operations, net of income taxes	$	4,324	$	1,956	$	11,184

Denominator:
Weighted-average shares outstanding – basic	33,279		32,924		32,570
Effect of dilutive awards	576		265		526
Weighted-average shares outstanding – diluted	33,855		33,189		33,096

Earnings per share attributable to The Andersons, Inc. common shareholders:
Basic earnings:
Continuing operations	$	2.99	$	0.17	$	0.22
Discontinued operations	0.13		0.06		0.34
	$	3.12	$	0.23	$	0.56
Diluted earnings:
Continuing operations	$	2.94	$	0.17	$	0.22
Discontinued operations	0.13		0.06		0.33
	$	3.07	$	0.23	$	0.55

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

There were 25 thousand, 294 thousand and 88 thousand antidilutive share-based awards outstanding for the years ended December 31, 2021, 2020 and 2019, respectively.