XML 33 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Earnings Per Share
 3 Months Ended
Mar. 31, 2016
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 that was granted prior to March 2015 is considered a participating security since the share-based awards contain a non-forfeitable right to dividends irrespective of whether the awards ultimately vest.
(in thousands, except per common share data)
Three months ended
March 31,
2016
 
2015
Net income (loss) attributable to The Andersons, Inc.
$
(14,696
)
 
$
4,097

Less: Distributed and undistributed earnings allocated to nonvested restricted stock
3

 
8

Earnings available to common shareholders
$
(14,699
)
 
$
4,089

Earnings per share – basic:
 
 
 
Weighted average shares outstanding – basic
28,101

 
28,742

Earnings per common share – basic
$
(0.52
)
 
$
0.14

Earnings per share – diluted:
 
 
 
Weighted average shares outstanding – basic
28,101

 
28,742

Effect of dilutive awards
—

 
59

Weighted average shares outstanding – diluted
28,101

 
28,801

Earnings per common share – diluted
$
(0.52
)
 
$
0.14


All outstanding share awards were antidilutive at March 31, 2016 as the Company experienced a net loss. There were no antidilutive stock-based awards outstanding at March 31, 2015.