Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023


(in thousands, except per common share data)	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Numerator:
Net income from continuing operations	$	82,686	$	102,400	$	23,569	$	108,904
Net income (loss) attributable to noncontrolling interests (a)	27,640		21,856		(16,727)		22,303
Net income attributable to The Andersons, Inc. common shareholders from continuing operations	$	55,046	$	80,544	$	40,296	$	86,601

Loss from discontinued operations, net of income taxes	$	—	$	(739)	$	—	$	(1,294)

Denominator:
Weighted average shares outstanding – basic	33,744		33,850		33,683		33,795
Effect of dilutive awards	421		566		510		621
Weighted average shares outstanding – diluted	34,165		34,416		34,193		34,416

Earnings (loss) per share attributable to The Andersons, Inc. common shareholders:
Basic earnings (loss):
Continuing operations	$	1.63	$	2.38	$	1.20	$	2.56
Discontinued operations	—		(0.02)		—		(0.04)
	$	1.63	$	2.36	$	1.20	$	2.52
Diluted earnings (loss):
Continuing operations	$	1.61	$	2.34	$	1.18	$	2.52
Discontinued operations	—		(0.02)		—		(0.04)
	$	1.61	$	2.32	$	1.18	$	2.48

(a) All net income (loss) attributable to noncontrolling interests is within continuing operations of the Company.