Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Unvested share-based payment awards that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The Company’s nonvested restricted stock is considered a participating security since the share-based awards contain a non-forfeitable right to dividends irrespective of whether the awards ultimately vest.

The computation of basic and diluted earnings per share is as follows:

(in thousands except per common share data)	Year ended December 31,
	2014		2013		2012
Net income attributable to The Andersons, Inc.	$	109,726	$	89,939	$	79,480
Less: Distributed and undistributed earnings allocated to nonvested restricted stock	569		357		389
Earnings available to common shareholders	$	109,157	$	89,582	$	79,091
Earnings per share – basic:
Weighted average shares outstanding – basic	28,367		27,986		27,784
Earnings per common share – basic	$	3.85	$	3.20	$	2.85
Earnings per share – diluted:
Weighted average shares outstanding – basic	28,367		27,986		27,784
Effect of dilutive awards	85		200		255
Weighted average shares outstanding – diluted	28,452		28,186		28,039
Earnings per common share – diluted	$	3.84	$	3.18	$	2.82

There were no antidilutive stock-based awards outstanding at December 31, 2014, 2013 or 2012.