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Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
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:
(in thousands)
March 31, 2017
 
December 31, 2016
 
March 31, 2016
The Andersons Albion Ethanol LLC
$
38,694

 
$
38,972

 
$
32,483

The Andersons Clymers Ethanol LLC
19,946

 
19,739

 
28,199

The Andersons Marathon Ethanol LLC
13,266

 
22,069

 
29,446

Lansing Trade Group, LLC
88,339

 
89,050

 
98,763

Thompsons Limited (a)
46,054

 
46,184

 
45,479

Other
2,694

 
917

 
1,713

Total
$
208,993

 
$
216,931

 
$
236,083


 (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 (loss) earned from the Company’s equity method investments by entity:
 
 
 
Three months ended March 31,
(in thousands)
% Ownership at
March 31, 2017
 
2017
 
2016
The Andersons Albion Ethanol LLC
55%
 
$
(277
)
 
$
(322
)
The Andersons Clymers Ethanol LLC
39%
 
207

 
(1,079
)
The Andersons Marathon Ethanol LLC
33%
 
(463
)
 
(1,809
)
Lansing Trade Group, LLC
33% (a)
 
(711
)
 
(2,767
)
Thompsons Limited (b)
50%
 
(595
)
 
(1,000
)
Other
5% - 50%
 
(39
)
 
—

Total
 
 
$
(1,878
)
 
$
(6,977
)

 (a) This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 0.6%
 (b) Thompsons Limited and related U.S. operating company held by joint ventures
Schedule of aggregate summarized financial information of subsidiaries
The following table sets forth the related party transactions entered into for the time periods presented:
 
Three months ended March 31,
(in thousands)
2017
 
2016
Sales revenues
$
198,068

 
$
194,838

Service fee revenues (a)
4,627

 
4,636

Purchases of product
134,508

 
101,953

Lease income (b)
1,287

 
2,037

Labor and benefits reimbursement (c)
3,690

 
3,898

Other expenses (d)
—

 
149

 
(a)
Service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains (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 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 its railroad reporting mark, payment to LTG for the lease of railcars and other various expenses.
(in thousands)
March 31, 2017
 
December 31, 2016
 
March 31, 2016
Accounts receivable (e)
$
19,999

 
$
26,254

 
$
19,066

Accounts payable (f)
19,888

 
23,961

 
16,124


(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.