Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2012

Related Party Transactions (Tables) [Abstract]

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

(in thousands)	Three months ended March 31, 2012		Year ended December 31, 2011		Three months ended March 31, 2011
The Andersons Albion Ethanol LLC	$	31,463	$	32,829	$	29,931
The Andersons Clymers Ethanol LLC		38,880		40,001		37,323
The Andersons Marathon Ethanol LLC		39,322		43,019		35,424
Lansing Trade Group, LLC		78,754		81,209		69,500
Other		2,041		2,003		1,799
Total	$	190,460	$	199,061	$	173,977

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

(in thousands)	% ownership at March 31, 2012 (direct and indirect)	Three months ended March 31,
		2012			2011
The Andersons Albion Ethanol LLC	50%	$	634		$	384
The Andersons Clymers Ethanol LLC	38%		(358	)		136
The Andersons Marathon Ethanol LLC	50%		(1,947	)		495
Lansing Trade Group, LLC	51% *		5,916			6,166
Other	7%-33%		38			65
Total		$	4,283		$	7,246

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

Summarized financial information

(in thousands)	Three months ended March 31,
	2012		2011
Sales	$	1,677,215	$	1,495,861
Gross profit		34,504		36,535
Income from continuing operations		13,131		14,521
Net income		13,115		13,533
Net income attributable to LTG		12,235		12,090

Related party transactions executed

(in thousands)	Three months ended March 31,
	2012		2011
Sales revenues	$	193,061	$	182,870
Service fee revenues (a)		5,479		5,167
Purchases of product		148,809		128,997
Lease income (b)		1,878		1,252
Labor and benefits reimbursement (c)		2,741		2,773
Other expenses (d)		139		19
Accounts receivable at March 31 (e)		12,544		21,879
Accounts payable at March 31 (f)		21,677		21,035

(a) Service fee revenues include management fee, corn origination fee, ethanol and DDG marketing fees, and other commissions.

(b) 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.

(c) 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.

(d) Other expenses include payments to IANR for repair shop rent and use of their railroad reporting mark, as well as payment to LTG for the lease of railcars.

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

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