Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Abstract]

Schedule of aggregate summarized financial information of subsidiaries

The following table presents aggregate summarized financial information of LTG, TAAE, TACE, TAME, Thompsons Limited, and other various investments as they qualified as significant equity method investees in the aggregate. No equity investments qualified as significant for the year ended December 31, 2014. LTG qualified as a significant equity method investee individually for the years ended December 31, 2013 and 2012.

	December 31,
(in thousands)	2014		2013		2012
Sales	$	8,152,313	$	10,232,395	$	8,080,741
Gross profit	396,774		305,016		130,241
Income from continuing operations	233,831		148,583		34,161
Net income	219,431		144,699		32,451
Current assets	1,482,110		1,406,200
Non-current assets	558,138		508,319
Current liabilities	1,153,101		1,040,762
Non-current liabilities	381,646		244,910
Noncontrolling interests	13,953		20,118

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

The following table presents the Company’s investment balance in each of its equity method investees by entity:

	December 31,
(in thousands)	2014		2013
The Andersons Albion Ethanol LLC	$	27,824	$	40,194
The Andersons Clymers Ethanol LLC	37,624		44,418
The Andersons Marathon Ethanol LLC	31,537		46,811
Lansing Trade Group, LLC	78,696		106,028
Thompsons Limited (a)	48,455		49,833
Other	2,721		3,825
Total	$	226,857	$	291,109

(a) Thompsons Limited and related U.S. operating company held by joint ventures

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

The following table summarizes income (losses) earned from the Company’s equity method investments by entity:

	% ownership at December 31, 2014 (direct and indirect)	December 31,
(in thousands)		2014		2013		2012
The Andersons Albion Ethanol LLC	53%	$	19,814	$	10,469	$	(497	)
The Andersons Clymers Ethanol LLC	38%	21,840		11,299		(3,828		)
The Andersons Marathon Ethanol LLC	50%	27,226		13,815		(8,273		)
Lansing Trade Group, LLC	40% (a)	23,266		31,212		28,559
Thompsons Limited (b)	50%	4,140		1,634		—
Other	5%-34%	237		276		526
Total		$	96,523	$	68,705	$	16,487

(a)  This does not consider the restricted management units which once vested will reduce the ownership percentage by approximately 1.5%.

(b) Thompsons Limited and related U.S. operating company held by joint ventures

Schedule of Related Party Transactions

The following table sets forth the related party transactions entered into for the time periods presented:

	December 31,
(in thousands)	2014		2013		2012
Sales revenues	$	1,062,377	$	1,315,234	$	1,031,458
Service fee revenues (a)	23,093		23,536		22,165
Purchases of product	604,067		704,948		655,686
Lease income (b)	6,381		6,223		6,995
Labor and benefits reimbursement (c)	11,707		10,613		12,140
Other expenses (d)	1,224		2,349		1,093
Accounts receivable at December 31 (e)	25,049		21,979		28,610
Accounts payable at December 31 (f)	17,687		19,887		17,804

(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 unconsolidated ethanol LLCs and IANR.

(c) The Company provides all operational labor to the unconsolidated 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 facility rent and use of their railroad reporting mark, payment to LTG for the lease of railcars and other various expenses.

(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 and other various items.