Earnings Per Share

9 Months Ended

Sep. 30, 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 September 30,					Nine months ended September 30,
	2016		2015			2016		2015
Net income (loss) attributable to The Andersons, Inc.	$	1,722	$	(1,227	)	$	1,449	$	33,961
Less: Distributed and undistributed earnings (loss) allocated to nonvested restricted stock	2		(2		)	7		61
Earnings (loss) available to common shareholders	$	1,720	$	(1,225	)	$	1,442	$	33,900
Earnings per share – basic:
Weighted average shares outstanding – basic	28,222		28,071			28,184		28,394
Earnings (loss) per common share – basic	$	0.06	$	(0.04	)	$	0.05	$	1.19
Earnings per share – diluted:
Weighted average shares outstanding – basic	28,222		28,071			28,184		28,394
Effect of dilutive awards	140		—			196		60
Weighted average shares outstanding – diluted	28,362		28,071			28,380		28,454
Earnings (loss) per common share – diluted	$	0.06	$	(0.04	)	$	0.05	$	1.19

There were no antidilutive stock-based awards outstanding at September 30, 2016 or September 30, 2015.