Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023


(in thousands, except per common share data)	Three months ended September 30,				Nine months ended September 30,
	2023		2022		2023		2022
Numerator:
Net income from continuing operations	$	30,523	$	24,880	$	54,092	$	133,784
Net income attributable to noncontrolling interests (a)	20,815		7,524		4,088		29,827
Net income attributable to The Andersons, Inc. common shareholders from continuing operations	$	9,708	$	17,356	$	50,004	$	103,957

Income from discontinued operations, net of income taxes	$	—	$	19,392	$	—	$	18,099

Denominator:
Weighted average shares outstanding – basic	33,752		33,825		33,706		33,805
Effect of dilutive awards	518		582		560		664
Weighted average shares outstanding – diluted	34,270		34,407		34,266		34,469

Earnings per share attributable to The Andersons, Inc. common shareholders:
Basic earnings:
Continuing operations	$	0.29	$	0.51	$	1.48	$	3.08
Discontinued operations	—		0.57		—		0.54
	$	0.29	$	1.08	$	1.48	$	3.62
Diluted earnings:
Continuing operations	$	0.28	$	0.50	$	1.46	$	3.02
Discontinued operations	—		0.56		—		0.53
	$	0.28	$	1.06	$	1.46	$	3.55

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