Related Parties (Tables)

12 Months Ended

Dec. 31, 2011

Related Parties (Tables) [Abstract]

Aggregate summarized financial information

	December 31,
(in thousands)	2011		2010		2009
Sales	$	6,938,345	$	4,707,422	$	3,436,192
Gross profit		168,383		133,653		106,755
Income from continuing operations		90,510		59,046		37,439
Net income		87,673		57,691		37,757
Current assets		707,400		697,371
Non-current assets		336,554		352,441
Current liabilities		514,617		550,463
Non-current liabilities		100,315		115,735
Noncontrolling interest		26,799		31,294

Income earned from the Company's equity method investments by entity

(in thousands)	% ownership at December  31, 2011 (direct and indirect)	2011		December 31, 2010		2009
The Andersons Albion Ethanol LLC	50%	$	5,285	$	3,916	$	5,735
The Andersons Clymers Ethanol LLC	38%		4,341		5,318		2,965
The Andersons Marathon Ethanol LLC	50%		8,089		1,117		2,936
Lansing Trade Group, LLC	52% *		23,558		15,133		5,781
Other	7%-33%		177		523		46
Total		$	41,450	$	26,007	$	17,463

* This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 2%

Company's investment balance in each of its equity method investees by entity

	December 31,
(in thousands)	2011		2010
The Andersons Albion Ethanol LLC	$	32,829	$	31,048
The Andersons Clymers Ethanol LLC		40,001		37,496
The Andersons Marathon Ethanol LLC		43,019		34,929
Lansing Trade Group, LLC		81,209		70,143
Other		2,003		1,733
Total	$	199,061	$	175,349

Related party transactions executed

	December 31,
(in thousands)	2011		2010		2009
Sales and revenues	$	864,216	$	531,452	$	474,724
Purchases of product		636,144		454,314		411,423
Lease income (a)		6,128		5,431		5,442
Labor and benefits reimbursement (b)		10,784		10,760		10,195
Other expenses (c)		192		—		—
Accounts receivable at December 31 (d)		14,730		14,991		13,641
Accounts payable at December 31 (e)		24,530		13,930		18,069

(a) Lease income includes the lease of the Company's Albion, Michigan and Clymers, Indiana grain facilities as well as certain railcars to the various LLCs and IANR.

(b) The Company provides all operational labor to the ethanol LLCs, and charges them an amount equal to the Company's costs of the related services.

(c) Other expenses include payments to IANR for repair shop rent and use of their railroad reporting mark.

(d) Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.

(e) Accounts payable represents amounts due to related parties for purchases of ethanol.