The Andersons, Inc. (ANDE) 10-Q 8 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	9 Months Ended
	Sep. 30, 2016	Nov. 08, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Andersons, Inc.
Entity Central Index Key	821,026
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		28.2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Current assets:
Cash and cash equivalents		$ 78,158	$ 63,750	$ 40,658
Restricted cash		190	451	181
Accounts receivable, net		173,593	170,912	201,664
Inventories		427,754	747,399	527,789
Commodity derivative assets – current		59,837	49,826	60,965
Deferred income taxes		0	6,772	6,735
Other current assets		43,761	90,412	66,411
Total current assets		783,293	1,129,522	904,403
Other assets:
Commodity derivative assets – noncurrent		1,346	412	1,584
Goodwill		63,934	63,934	116,086
Other intangible assets, net		110,155	120,240	124,943
Other assets, net		5,921	9,515	32,049
Equity method investments		225,114	242,107	223,207
Investments and Other Noncurrent Assets		406,470	436,208	497,869
Rail Group assets leased to others, net		334,401	338,111	347,100
Property, plant and equipment, net		460,247	455,260	442,322
Total assets		1,984,411	2,359,101	2,191,694
Current liabilities:
Short-term debt		0	16,990	82,801
Trade and other payables		356,931	668,788	466,428
Customer prepayments and deferred revenue		15,725	66,762	23,581
Commodity derivative liabilities – current		59,770	37,387	49,911
Accrued expenses and other current liabilities		68,465	70,324	71,593
Current maturities of long-term debt		51,520	27,786	26,989
Total current liabilities		552,411	888,037	721,303
Other long-term liabilities		30,525	18,176	16,510
Commodity derivative liabilities – noncurrent		1,954	1,063	2,912
Employee benefit plan obligations		45,260	45,805	58,123
Long-term debt, less current maturities		395,559	436,208	413,561
Deferred income taxes		178,535	186,073	179,591
Total liabilities		1,204,244	1,575,362	1,392,000
Commitments and contingencies
Shareholders’ equity:
Common shares, without par value (63,000 shares authorized; 29,430, 29,353 and 29,430 shares issued at 9/30/16, 12/31/15 and 9/30/15, respectively)		96	96	96
Preferred shares, without par value (1,000 shares authorized; none issued)		0	0	0
Additional paid-in-capital		221,326	222,848	224,595
Treasury shares, at cost (1,195, 1,397 and 1,425 shares at 9/30/16, 12/31/15 and 9/30/15, respectively)		(45,130)	(52,902)	(53,971)
Accumulated other comprehensive loss	[1]	(17,305)	(20,939)	(57,459)
Retained earnings		603,556	615,151	666,507
Total shareholders’ equity of The Andersons, Inc.		762,543	764,254	779,768
Noncontrolling interests		17,624	19,485	19,926
Total equity		780,167	783,739	799,694
Total liabilities and equity		$ 1,984,411	$ 2,359,101	$ 2,191,694
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Statement of Financial Position [Abstract]
Common shares, par value (dollars per share)	$ 0	$ 0	$ 0
Common shares, shares authorized (shares)	63,000,000	63,000,000	63,000,000
Common shares, shares issued (shares)	29,430,000	29,353,000	29,430,000
Preferred shares, par value (dollars per share)	$ 0	$ 0	$ 0
Preferred shares, shares authorized (shares)	1,000,000	1,000,000	1,000,000
Preferred shares, shares issued (shares)	0	0	0
Treasury shares, at cost (shares)	1,195,000	1,397,000	1,425,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Sales and merchandising revenues	$ 859,612	$ 909,093	$ 2,811,735	$ 3,015,022
Cost of sales and merchandising revenues	782,597	823,903	2,569,923	2,738,348
Gross profit	77,015	85,190	241,812	276,674
Operating, administrative and general expenses	78,767	88,698	234,053	251,044
Interest expense	4,441	6,147	18,046	16,210
Other income (loss):
Equity in earnings (loss) of affiliates, net	8,422	3,845	3,789	23,295
Other income (loss), net	2,216	3,355	11,144	20,235
Income (loss) before income taxes	4,445	(2,455)	4,646	52,950
Income tax provision (benefit)	1,104	(1,505)	1,486	17,556
Net income (loss)	3,341	(950)	3,160	35,394
Net income (loss) attributable to the noncontrolling interests	1,619	277	1,711	1,433
Net income (loss) attributable to The Andersons, Inc.	$ 1,722	$ (1,227)	$ 1,449	$ 33,961
Per common share:
Basic earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	$ 0.06	$ (0.04)	$ 0.05	$ 1.19
Diluted earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	0.06	(0.04)	0.05	1.19
Dividends declared (dollars per share)	$ 0.155	$ 0.14	$ 0.465	$ 0.42

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ 3,341	$ (950)	$ 3,160	$ 35,394
Other comprehensive income (loss), net of tax:
Recognition of gain on sale of debt securities (net of income tax of $0, $0, $74 and $0)		0	0	(126)	0
Change in unrecognized actuarial loss and prior service cost (net of income tax of $53, $235, $716 and $1,760 - Note 8)		87	388	1,381	2,906
Foreign currency translation adjustments (net of income tax of $0, ($696), $0 and $(82))		(298)	(2,750)	2,259	(5,954)
Cash flow hedge activity (net of income tax of $0, $38, $72 and $112)		0	62	120	184
Other comprehensive income (loss)	[1]	(211)	(2,300)	3,634	(2,864)
Comprehensive income (loss)		3,130	(3,250)	6,794	32,530
Comprehensive income (loss) attributable to the noncontrolling interests		1,619	277	1,711	1,433
Comprehensive income (loss) attributable to The Andersons, Inc.		$ 1,511	$ (3,527)	$ 5,083	$ 31,097
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Change in estimated fair value of investment in debt securities, tax	$ 0	$ 0	$ (74)	$ 0
Unrecognized actuarial loss and prior service costs, tax	53	235	716	1,760
Foreign currency translation adjustments, tax	0	(696)	0	(82)
Income tax on cash flow hedge activity	$ 0	$ (38)	$ (72)	$ (112)

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities
Net income (loss)	$ 3,160	$ 35,394
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation and amortization	62,244	57,365
Bad debt expense	789	802
Equity in losses (earnings) of affiliates, net of dividends	12,804	(3,868)
Gain on sale of investments	(685)	0
Gains on sales of Rail Group assets and related leases	(6,366)	(12,438)
Excess tax benefit from share-based payment arrangement	0	(1,299)
Deferred income taxes	(46)	18,921
Stock-based compensation expense	5,542	2,598
Goodwill impairment expense	0	1,985
Other	(102)	1,061
Changes in operating assets and liabilities:
Accounts receivable	(5,425)	(6,003)
Inventories	283,158	292,960
Commodity derivatives	12,592	16,160
Other assets	36,536	(1,465)
Payables and other accrued expenses	(362,855)	(344,400)
Net cash provided by (used in) operating activities	41,346	57,773
Investing Activities
Acquisition of business, net of cash acquired	0	124,592
Purchases of Rail Group assets	(57,979)	(112,346)
Proceeds from sale of Rail Group assets	44,061	64,978
Purchases of property, plant and equipment	(56,138)	(42,387)
Proceeds from sale of property, plant and equipment	330	184
Proceeds from returns of investments in affiliates	7,443	1,480
Proceeds from returns of investments in affiliates	15,013	0
Proceeds from sale of facilities	54,330	0
Purchase of Investments	2,523	0
Change in restricted cash	260	248
Net cash provided by (used in) investing activities	4,797	(212,435)
Financing Activities
Net change in short-term borrowings	(15,000)	79,700
Proceeds from issuance of long-term debt	78,199	152,796
Proceeds from long-term financing agreements	14,027	0
Payments of long-term debt	(91,393)	(87,032)
Purchase of treasury stock	0	(49,089)
Distributions to noncontrolling interest owner	(3,400)	(2,453)
Proceeds from sale of treasury shares to employees and directors	1,159	447
Payments of debt issuance costs	(309)	(271)
Dividends paid	(13,020)	(12,011)
Excess tax benefit from share-based payment arrangement	0	1,299
Other	(1,998)	(2,770)
Net cash provided by (used in) financing activities	(31,735)	80,616
Increase (decrease) in cash and cash equivalents	14,408	(74,046)
Cash and cash equivalents at beginning of period	63,750	114,704
Cash and cash equivalents at end of period	$ 78,158	$ 40,658

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Total		Common Shares	Additional Paid-in Capital	Treasury Shares	Accumulated Other Comprehensive Loss	Retained Earnings	Noncontrolling Interests
Beginning Balance at Dec. 31, 2014	$ 824,049		$ 96	$ 222,789	$ (9,743)	$ (54,595)	$ 644,556	$ 20,946
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	35,394						33,961	1,433
Other comprehensive (loss)	(2,864)	[1]				(2,864)
Other change in noncontrolling interest	(2,453)							(2,453)
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax of $471 (202 shares)	2,226			(2,635)	4,861
Purchase of Treasury Shares (1,193 shares)	(49,089)				(49,089)
Dividends declared ($0.42 and $0.465 per common share)	(11,872)						(11,872)
Shares Issued for acquisitions (77 shares)	4,303			4,303
Performance share unit dividend equivalents	0			138			(138)
Ending Balance at Sep. 30, 2015	799,694		96	224,595	(53,971)	(57,459)	666,507	19,926
Beginning Balance at Dec. 31, 2015	783,739		96	222,848	(52,902)	(20,939)	615,151	19,485
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	3,160						1,449	1,711
Other comprehensive (loss)	3,634	[1]				3,634
Cash distributions to noncontrolling interest	3,400							3,400
Other change in noncontrolling interest	(172)							(172)
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax of $471 (202 shares)	6,230			(1,542)	7,772
Dividends declared ($0.42 and $0.465 per common share)	(13,024)						(13,024)
Restricted share award dividend equivalents				20			(20)
Ending Balance at Sep. 30, 2016	$ 780,167		$ 96	$ 221,326	$ (45,130)	$ (17,305)	$ 603,556	$ 17,624
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Condensed Consolidated Stateme9

Condensed Consolidated Statements of Equity (Parenthetical) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Dividends declared, per common share	$ 0.465	$ 0.42
Additional Paid-in Capital
Income tax on stock option exercise and other shares issued to employees and directors	$ 471	$ 819
Stock option exercises and other shares issued to employees and directors, shares	202	163
Shares issued in connection with acquisition		77
Retained Earnings
Dividends declared, per common share	$ 0.465	$ 0.42
Treasury Shares
Treasury shares purchased		1,193

Basis of Presentation and Conso

Basis of Presentation and Consolidation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation These Condensed Consolidated Financial Statements include the accounts of The Andersons, Inc. and its wholly owned and controlled subsidiaries (the “Company”). All intercompany accounts and transactions are eliminated in consolidation. Investments in unconsolidated entities in which the Company has significant influence, but not control, are accounted for using the equity method of accounting. In the opinion of management, all adjustments consisting of normal and recurring items, considered necessary for the fair presentation of the results of operations, financial position, and cash flows for the periods indicated, have been made. The results in these Condensed Consolidated Financial Statements are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2016 . An unaudited Condensed Consolidated Balance Sheet as of September 30, 2015 has been included as the Company operates in several seasonal industries. The Condensed Consolidated Balance Sheet data at December 31, 2015 was derived from the audited Consolidated Financial Statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. The accompanying unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in The Andersons, Inc. Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Form 10-K”). New Accounting Standards Revenue Recognition In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue From Contracts With Customers. They issued subsequent amendments to the initial guidance in August 2015, March 2016, April 2016, and May 2016 within ASU 2015-14, ASU 2016-08, ASU 2016-10, and ASU 2016-12, respectively. The core principle of the new revenue model is that an entity recognizes revenue from the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. These standards are effective for annual and interim periods beginning after December 15, 2017. The Company is currently assessing the method of adoption and the impact this standard will have on its Consolidated Financial Statements and disclosures. Leasing In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases. This standard is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet with expanded disclosures around those items. This guidance is effective for annual and interim periods beginning after December 15, 2018, and early adoption is permitted. The Company is currently evaluating the impact of this standard. Other applicable standards In August 2016, the FASB issued Accounting Standards Update No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This standard clarifies how companies present and classify certain cash receipts and payments in the statement of cash flows. The standard is effective for annual and interim periods beginning after December 15, 2017. The Company is currently evaluating when to adopt this standard but has not done so in the current period. At the time of future adoption, the Company will make the election to continue classifying distributions from equity method investments using the cumulative earnings approach which is consistent with current practice. In March 2016, the FASB issued Accounting Standards Update No. 2016-09, Improvements to Employee Share-Based Payment Accounting. This standard simplifies the accounting treatment for excess tax benefits and deficiencies, forfeitures, and cash flow considerations related to share-based compensation. The standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently assessing the method of adoption and the impact this standard will have on its Consolidated Financial Statements and disclosures. In January 2016, the FASB issued Accounting Standards Update No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities. This standard provides guidance for the recognition, measurement, presentation, and disclosure of financial instruments. This guidance is effective for annual and interim periods beginning after December 15, 2017, and early adoption is not permitted. The Company is currently evaluating the impact of this standard. In July 2015, the FASB issued Accounting Standards Update No. 2015-11, Simplifying the Measurement of Inventory. This standard requires entities to measure inventory at the lower of cost or net realizable value rather than at the lower of cost or market. The standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently evaluating the impact of this standard.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2016
Inventory, Net [Abstract]
Inventories	Inventories Major classes of inventories are as follows: (in thousands) September 30, December 31, September 30, Grain $ 262,165 $ 534,548 $ 325,536 Ethanol and by-products 7,734 8,576 8,365 Plant nutrients and cob products 126,922 172,815 161,562 Retail merchandise 24,985 24,510 26,079 Railcar repair parts 5,948 6,894 6,057 Other — 56 190 $ 427,754 $ 747,399 $ 527,789 Inventories on the Condensed Consolidated Balance Sheets at September 30, 2016 , December 31, 2015 and September 30, 2015 do not include 1.0 million , 3.4 million and 3.2 million bushels of grain, respectively, held in storage for others. The Company does not have title to the grain and is only liable for any deficiencies in grade or shortage of quantity that may arise during the storage period. Management has not experienced historical losses on any deficiencies and does not anticipate material losses in the future.

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The components of property, plant and equipment are as follows: (in thousands) September 30, December 31, September 30, Land $ 28,473 $ 29,928 $ 30,285 Land improvements and leasehold improvements 82,908 77,191 76,414 Buildings and storage facilities 319,950 303,482 301,125 Machinery and equipment 393,178 375,028 368,338 Construction in progress 21,284 32,871 21,044 845,793 818,500 797,206 Less: accumulated depreciation 385,546 363,240 354,884 $ 460,247 $ 455,260 $ 442,322 Depreciation expense on property, plant and equipment was $35.7 million and $34.1 million for the nine months ended September 30, 2016 and 2015 , respectively. Additionally, Depreciation expense on property, plant and equipment was $12.0 million and $11.9 million for the three months ended September 30, 2016 and 2015 , respectively. Capitalized software has been reclassified from property, plant, and equipment, and is now presented as a component of other intangible assets. Prior year balance sheets have been recast to conform with the current period presentation. Rail Group Assets The components of Rail Group assets leased to others are as follows: (in thousands) September 30, December 31, September 30, Rail Group assets leased to others $ 438,211 $ 434,051 $ 441,267 Less: accumulated depreciation 103,810 95,940 94,167 $ 334,401 $ 338,111 $ 347,100 Depreciation expense on Rail Group assets leased to others amounted to $14.0 million and $12.9 million for the nine months ended September 30, 2016 and 2015 , respectively. Additionally, depreciation expense on Rail Group assets leased to others amounted to $4.7 million and $4.6 million for the three months ended September 30, 2016 and 2015 , respectively. Sale of Assets On April 5, 2016 the Company's Board of Directors approved the sale of eight grain and agronomy locations in Iowa to MaxYield Cooperative of West Bend, Iowa. The Andersons acquired these locations as a part of its 2012 acquisition from Green Plains Grain Company. The Tennessee assets acquired during that same transaction will remain a part of the Company. Total cash received was $54.3 million and a nominal gain was recognized on the sale.

Debt

Debt	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt The Company is party to borrowing arrangements with a syndicate of banks. See Note 5 in the Company’s 2015 Form 10-K for a description of these arrangements. Total borrowing capacity for the Company under all lines of credit is currently at $ 872.5 million , including $ 22.5 million of debt of The Andersons Denison Ethanol LLC ("TADE"), which is non-recourse to the Company. At September 30, 2016 , the Company had a total of $ 809.9 million available for borrowing under its lines of credit. Our borrowing capacity is reduced by a combination of outstanding borrowings and letters of credit. The Company was in compliance with all financial covenants as of September 30, 2016 . The Company’s short-term and long-term debt at September 30, 2016 , December 31, 2015 and September 30, 2015 consisted of the following: (in thousands) September 30, December 31, September 30, Short-term Debt - Recourse $ — $ 16,990 $ 82,801 Total Short-term Debt — 16,990 82,801 Current Maturities of Long-term Debt – Recourse 51,520 27,786 26,989 Total Current Maturities of Long-term Debt 51,520 27,786 26,989 Long-term Debt, Less: Current Maturities – Recourse 395,559 436,208 413,561 Total Long-term Debt, Less: Current Maturities $ 395,559 $ 436,208 $ 413,561

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company’s operating results are affected by changes to commodity prices. The Grain and Ethanol businesses have established “unhedged” position limits (the amount of a commodity, either owned or contracted for, that does not have an offsetting derivative contract to lock in the price). To reduce the exposure to market price risk on commodities owned and forward grain and ethanol purchase and sale contracts, the Company enters into exchange traded commodity futures and options contracts and over the counter forward and option contracts with various counterparties. These contracts are primarily traded via the regulated Chicago Mercantile Exchange ("CME"). The Company’s forward purchase and sales contracts are for physical delivery of the commodity in a future period. Contracts to purchase commodities from producers generally relate to the current or future crop years for delivery periods quoted by regulated commodity exchanges. Contracts for the sale of commodities to processors or other commercial consumers generally do not extend beyond one year . All of these contracts meet the definition of derivatives. While the Company considers its commodity contracts to be effective economic hedges, the Company does not designate or account for its commodity contracts as hedges as defined under current accounting standards. The Company accounts for its commodity derivatives at estimated fair value. The estimated fair value of the commodity derivative contracts that require the receipt or posting of cash collateral is recorded on a net basis (offset against cash collateral posted or received, also known as margin deposits) within commodity derivative assets or liabilities. Management determines fair value based on exchange-quoted prices and in the case of its forward purchase and sale contracts, estimated fair value is adjusted for differences in local markets and non-performance risk. For contracts for which physical delivery occurs, balance sheet classification is based on estimated delivery date. For futures, options and over-the-counter contracts in which physical delivery is not expected to occur but, rather, the contract is expected to be net settled, the Company classifies these contracts as current or noncurrent assets or liabilities, as appropriate, based on the Company’s expectations as to when such contracts will be settled. Realized and unrealized gains and losses in the value of commodity contracts (whether due to changes in commodity prices, changes in performance or credit risk, or due to sale, maturity or extinguishment of the commodity contract) and grain inventories are included in cost of sales and merchandising revenues. These amounts were previously classified in sales and merchandising revenues but were reclassified starting in the fourth quarter of 2015. Generally accepted accounting principles permit a party to a master netting arrangement to offset fair value amounts recognized for derivative instruments against the right to reclaim cash collateral or obligation to return cash collateral under the same master netting arrangement. The Company has master netting arrangements for its exchange traded futures and options contracts and certain over-the-counter contracts. When the Company enters into a future, option or an over-the-counter contract, an initial margin deposit may be required by the counterparty. The amount of the margin deposit varies by commodity. If the market price of a future, option or an over-the-counter contract moves in a direction that is adverse to the Company’s position, an additional margin deposit, called a maintenance margin, is required. The margin deposit assets and liabilities are included in short-term commodity derivative assets or liabilities, as appropriate, in the Condensed Consolidated Balance Sheets. The following table presents at September 30, 2016 , December 31, 2015 and September 30, 2015 , a summary of the estimated fair value of the Company’s commodity derivative instruments that require cash collateral and the associated cash posted/received as collateral. The net asset or liability positions of these derivatives (net of their cash collateral) are determined on a counterparty-by-counterparty basis and are included within current or noncurrent commodity derivative assets (or liabilities) on the Condensed Consolidated Balance Sheets: September 30, 2016 December 31, 2015 September 30, 2015 (in thousands) Net derivative asset position Net derivative liability position Net derivative asset position Net derivative liability position Net derivative asset position Net derivative liability position Collateral paid (received) $ 13,358 $ — $ 3,008 $ — $ 28,585 $ — Fair value of derivatives 16,258 — 25,356 — 5,733 — Balance at end of period $ 29,616 $ — $ 28,364 $ — $ 34,318 $ — The following table presents, on a gross basis, current and noncurrent commodity derivative assets and liabilities: September 30, 2016 (in thousands) Commodity derivative assets - current Commodity derivative assets - noncurrent Commodity derivative liabilities - current Commodity derivative liabilities - noncurrent Total Commodity derivative assets $ 60,372 $ 1,356 $ 3,318 $ 58 $ 65,104 Commodity derivative liabilities (13,893 ) (10 ) (63,088 ) (2,012 ) (79,003 ) Cash collateral 13,358 — — — 13,358 Balance sheet line item totals $ 59,837 $ 1,346 $ (59,770 ) $ (1,954 ) $ (541 ) December 31, 2015 (in thousands) Commodity derivative assets - current Commodity derivative assets - noncurrent Commodity derivative liabilities - current Commodity derivative liabilities - noncurrent Total Commodity derivative assets $ 51,647 $ 412 $ 371 $ 2 $ 52,432 Commodity derivative liabilities (4,829 ) — (37,758 ) (1,065 ) (43,652 ) Cash collateral 3,008 — — — 3,008 Balance sheet line item totals $ 49,826 $ 412 $ (37,387 ) $ (1,063 ) $ 11,788 September 30, 2015 (in thousands) Commodity derivative assets - current Commodity derivative assets - noncurrent Commodity derivative liabilities - current Commodity derivative liabilities - noncurrent Total Commodity derivative assets $ 43,892 $ 1,591 $ 2,306 $ 32 $ 47,821 Commodity derivative liabilities (11,512 ) (7 ) (52,217 ) (2,944 ) (66,680 ) Cash collateral 28,585 — — — 28,585 Balance sheet line item totals $ 60,965 $ 1,584 $ (49,911 ) $ (2,912 ) $ 9,726 The gains (losses) included in the Company’s Condensed Consolidated Statements of Operations and the line items in which they are located are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Gains (losses) on commodity derivatives included in cost of sales and merchandising revenues $ (48,620 ) $ (16,910 ) $ (22,679 ) $ 34,902 The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at September 30, 2016 , December 31, 2015 and September 30, 2015 : September 30, 2016 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 226,492 — — — Soybeans 60,614 — — — Wheat 7,933 — — — Oats 28,939 — — — Ethanol — 191,906 — — Corn oil — — 7,153 — Other 129 — — 251 Subtotal 324,107 191,906 7,153 251 Exchange traded: Corn 105,395 — — — Soybeans 35,245 — — — Wheat 39,715 — — — Oats 2,800 — — — Ethanol — 74,046 — — Subtotal 183,155 74,046 — — Total 507,262 265,952 7,153 251 December 31, 2015 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 227,248 — — — Soybeans 13,357 — — — Wheat 13,710 — — — Oats 15,019 — — — Ethanol — 138,660 — — Corn oil — — 11,532 — Other 297 — — 116 Subtotal 269,631 138,660 11,532 116 Exchange traded: Corn 106,260 — — — Soybeans 17,255 — — — Wheat 28,135 — — — Oats 3,480 — — — Ethanol — 840 — — Other — 840 — — Subtotal 155,130 1,680 — — Total 424,761 140,340 11,532 116 September 30, 2015 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 331,740 — — — Soybeans 47,208 — — — Wheat 12,631 — — — Oats 19,449 — — — Ethanol — 131,789 — — Corn oil — — 10,063 — Other 572 — — 123 Subtotal 411,600 131,789 10,063 123 Exchange traded: Corn 129,810 — — — Soybeans 24,860 — — — Wheat 28,360 — — — Oats 3,285 — — — Ethanol — 3,192 — — Subtotal 186,315 3,192 — — Total 597,915 134,981 10,063 123 At September 30, 2016 , December 31, 2015 and September 30, 2015 , the Company had recorded the following amounts for the fair value of the Company's interest rate derivatives: September 30, December 31, September 30, (in thousands) 2016 2015 2015 Derivatives not designated as hedging instruments Interest rate contracts included in other long term liabilities $ (4,774 ) $ (3,133 ) $ — Total fair value of interest rate derivatives not designated as hedging instruments $ (4,774 ) $ (3,133 ) $ — Derivatives designated as hedging instruments Interest rate contract included in other short term liabilities $ — $ (191 ) $ — Total fair value of interest rate derivatives designated as hedging instruments $ — $ (191 ) $ — The gains and losses included in the Company's Consolidated Statements of Operations and the line item in which they are located for interest rate derivatives not designated as hedging instruments are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Interest expense $ 652 $ — $ (1,642 ) $ — The Company also has foreign currency derivatives which are considered effective economic hedges of specified economic risks but which are not designated as accounting hedges. At September 30, 2016 , December 31, 2015 and September 30, 2015 , the Company had recorded the following amounts for the fair value of the Company's foreign currency derivatives: September 30, December 31, September 30, (in thousands) 2016 2015 2015 Derivatives not designated as hedging instruments Foreign currency contracts included in short term assets $ 1,130 $ — $ — Total fair value of foreign currency contract derivatives not designated as hedging instruments $ 1,130 $ — $ — The gains and losses included in the Company's Consolidated Statements of Operations and the line item in which they are located for foreign currency contract derivatives not designated as hedging instruments are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Foreign currency derivative gains (losses) included in Other income, net $ (261 ) $ — $ 1,130 $ —

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans The following are components of the net periodic benefit cost for the pension and post-retirement benefit plans maintained by the Company for the three and nine months ended September 30, 2016 and 2015 : Pension Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Service cost $ — $ 59 $ — $ 177 Interest cost 49 45 145 136 Recognized net actuarial loss 36 379 109 1,137 Benefit cost $ 85 $ 483 $ 254 $ 1,450 Post-retirement Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Service cost $ 190 $ 225 $ 570 $ 675 Interest cost 387 396 1,162 1,188 Amortization of prior service cost (88 ) (136 ) (266 ) (408 ) Recognized net actuarial loss 192 379 576 1,138 Benefit cost $ 681 $ 864 $ 2,042 $ 2,593

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On a quarterly basis, the Company estimates the effective tax rate expected to be applicable for the full year and makes changes if necessary based on new information or events. The estimated annual effective tax rate is forecast based on actual historical information and forward-looking estimates and is used to provide for income taxes in interim reporting periods. The Company also recognizes the tax impact of certain unusual or infrequently occurring items, such as the effects of changes in tax laws or rates and impacts from settlements with tax authorities, discretely in the quarter in which they occur. Additionally, the annual effective tax rate differs from the statutory U.S. Federal tax rate of 35% primarily due to the impact of state income taxes, the tax benefit related to railroad track maintenance credit transactions, and to benefits or costs related to various permanent book to tax differences and tax credits. For the three months ended September 30, 2016, the Company recorded income tax expense of $1.1 million at an effective tax rate of 24.8% , which varied from the U.S. Federal tax rate of 35% primarily due to 5.8% in discrete tax benefits related to prior years and a 3.4% tax benefit related to railroad track maintenance credit transactions. For the three months ended September 30, 2015, the Company recorded an income tax benefit of $1.5 million at an effective tax rate of 61.3% . The higher effective tax rate in the prior year was primarily due to the cumulative impact of revised full year earnings expectations, driven by the inclusion of a one-time charge which occurred in the fourth quarter related to the termination of the Company’s pension plan, and relatively low third quarter earnings. For the nine months ended September 30, 2016, the Company recorded income tax expense of $1.5 million at an effective tax rate of 32.0% , which varied from the U.S. Federal tax rate of 35% primarily due to a 3.3% tax benefit related to railroad track maintenance credit transactions. The discrete tax benefits related to prior years that impacted the third quarter tax rate did not have a significant impact on the nine month effective tax rate due to an offsetting discrete tax charge related to prior years that was recorded in the first quarter. For the nine months ended September 30, 2015, the Company recorded income tax expense of $17.6 million at an effective tax rate of 33.2% . There have been no material changes to the balance of unrecognized tax benefits reported at December 31, 2015. During the quarter ended March 31, 2016, the IRS completed its audit of the Company’s 2011 and 2012 consolidated Federal income tax returns. The results of the examination will not have a material effect on the Company’s 2016 effective tax rate.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following tables summarize the after-tax components of accumulated other comprehensive income (loss) attributable to the Company for the three and nine months ended September 30, 2016 and 2015 : Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) For the three months ended September 30, 2016 For the nine months ended September 30, 2016 (in thousands) Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Beginning Balance $ 9 $ (9,484 ) $ — $ (7,619 ) $ (17,094 ) $ (111 ) $ (12,041 ) $ 126 $ (8,913 ) $ (20,939 ) Other comprehensive income (loss) before reclassifications — (298 ) — 143 (155 ) 120 2,259 — 1,547 3,926 Amounts reclassified from accumulated other comprehensive loss — — — (56 ) (56 ) — — (126 ) (166 ) (292 ) Net current-period other comprehensive income (loss) — (298 ) — 87 (211 ) 120 2,259 (126 ) 1,381 3,634 Ending balance $ 9 $ (9,782 ) $ — $ (7,532 ) $ (17,305 ) $ 9 $ (9,782 ) $ — $ (7,532 ) $ (17,305 ) Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) For the three months ended September 30, 2015 For the nine months ended September 30, 2015 (in thousands) Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Beginning Balance $ (242 ) $ (7,913 ) $ 126 $ (47,130 ) $ (55,159 ) $ (364 ) $ (4,709 ) $ 126 $ (49,648 ) $ (54,595 ) Other comprehensive income (loss) before reclassifications 62 (2,750 ) — 473 (2,215 ) 184 (5,954 ) — 3,161 (2,609 ) Amounts reclassified from accumulated other comprehensive loss — — — (85 ) (85 ) — — — (255 ) (255 ) Net current-period other comprehensive income (loss) 62 (2,750 ) — 388 (2,300 ) 184 (5,954 ) — 2,906 (2,864 ) Ending balance $ (180 ) $ (10,663 ) $ 126 $ (46,742 ) $ (57,459 ) $ (180 ) $ (10,663 ) $ 126 $ (46,742 ) $ (57,459 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits The following tables show the reclassification adjustments from accumulated other comprehensive loss to net income (loss) for the three and nine months ended September 30, 2016 and 2015 : Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) For the three months ended September 30, 2016 For the nine months ended September 30, 2016 Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Defined Benefit Plan Items Amortization of prior-service cost $ (89 ) (b) $ (266 ) (b) (89 ) Total before tax (266 ) Total before tax 33 Income tax provision 100 Income tax provision $ (56 ) Net of tax $ (166 ) Net of tax Other items Recognition of gain on sale of investment $ — (200 ) — Total before tax (200 ) Total before tax — Income tax provision 74 Income tax provision $ — Net of tax $ (126 ) Net of tax Total reclassifications for the period (56 ) Net of tax (292 ) Net of tax Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) For the three months ended September 30, 2015 For the nine months ended September 30, 2015 Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Defined Benefit Plan Items Amortization of prior-service cost $ (136 ) (b) $ (408 ) (b) (136 ) Total before tax (408 ) Total before tax 51 Income tax provision 153 Income tax provision $ (85 ) Net of tax $ (255 ) Net of tax Total reclassifications for the period $ (85 ) Net of tax $ (255 ) Net of tax (a) Amounts in parentheses indicate credits to profit/loss (b) This accumulated other comprehensive loss component is included in the computation of net periodic benefit cost (see Note 6).

Earnings Per Share

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 .

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2016 , December 31, 2015 and September 30, 2015 : (in thousands) September 30, 2016 Assets (liabilities) Level 1 Level 2 Level 3 Total Cash equivalents $ — $ — $ — $ — Restricted cash 190 — — 190 Commodity derivatives, net (a) 34,620 (35,161 ) — (541 ) Provisionally priced contracts (b) (79,022 ) (20,500 ) — (99,522 ) Convertible preferred securities (c) — — 3,294 3,294 Other assets and liabilities (d) 11,015 (4,774 ) — 6,241 Total $ (33,197 ) $ (60,435 ) $ 3,294 $ (90,338 ) (in thousands) December 31, 2015 Assets (liabilities) Level 1 Level 2 Level 3 Total Cash equivalents $ 26,931 $ — $ — $ 26,931 Restricted cash 450 — — 450 Commodity derivatives, net (a) 26,890 (15,101 ) — 11,789 Provisionally priced contracts (b) (133,842 ) (103,148 ) — (236,990 ) Convertible preferred securities (c) — — 13,550 13,550 Other assets and liabilities (d) 8,635 (3,324 ) 350 5,661 Total $ (70,936 ) $ (121,573 ) $ 13,900 $ (178,609 ) (in thousands) September 30, 2015 Assets (liabilities) Level 1 Level 2 Level 3 Total Cash equivalents $ 16,121 $ — $ — $ 16,121 Restricted cash 181 — — 181 Commodity derivatives, net (a) 34,337 (24,611 ) — 9,726 Provisionally priced contracts (b) (81,037 ) (54,612 ) — (135,649 ) Convertible preferred securities (c) — — 12,800 12,800 Other assets and liabilities (d) 10,814 (4,010 ) 350 7,154 Total $ (19,584 ) $ (83,233 ) $ 13,150 $ (89,667 ) (a) Includes associated cash posted/received as collateral (b) Included in "Provisionally priced contracts" are those instruments based only on underlying futures values (Level 1) and delayed price contracts (Level 2) (c) Recorded in “Other noncurrent assets” on the Company’s Condensed Consolidated Balance Sheets (d) Included in other assets and liabilities are deferred compensation assets, ethanol risk management contracts, and foreign exchange derivative contracts (Level 1), interest rate derivatives (Level 2), and contingent consideration to the former owners of Kay Flo Industries, Inc (Level 3). Level 1 commodity derivatives reflect the fair value of the exchange-traded futures and options contracts that the Company holds, net of the cash collateral that the Company has in its margin account. The majority of the Company’s assets and liabilities measured at fair value are based on the market approach valuation technique. With the market approach, fair value is derived using prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. The Company’s net commodity derivatives primarily consist of futures or options contracts via regulated exchanges and contracts with producers or customers under which the future settlement date and bushels (or gallons in the case of ethanol contracts) of commodities to be delivered (primarily wheat, corn, soybeans and ethanol) are fixed and under which the price may or may not be fixed. Depending on the specifics of the individual contracts, the fair value is derived from the futures or options prices on the CME or the New York Mercantile Exchange for similar commodities and delivery dates as well as observable quotes for local basis adjustments (the difference, which is attributable to local market conditions, between the quoted futures price and the local cash price). Because basis for a particular commodity and location typically has multiple quoted prices from other agribusinesses in the same geographical vicinity and is used as a common pricing mechanism in the Agribusiness industry, we have concluded that basis is a Level 2 fair value input for purposes of the fair value disclosure requirements related to our commodity derivatives. Although nonperformance risk, both of the Company and the counterparty, is present in each of these commodity contracts and is a component of the estimated fair values, based on the Company’s historical experience with its producers and customers and the Company’s knowledge of their businesses, the Company does not view nonperformance risk to be a material input to fair value for these commodity contracts. These fair value disclosures exclude physical grain inventories measured at net realizable value. The net realizable value used to measure the Company’s agricultural commodity inventories is the fair value (spot price of the commodity in an exchange), less cost of disposal and transportation based on the local market. This valuation would generally be considered Level 2. The amount is disclosed in Note 2 Inventories. Changes in the net realizable value of commodity inventories are recognized as a component of cost of sales and merchandising revenues. Provisionally priced contract liabilities are those for which the Company has taken ownership and possession of grain but the final purchase price has not been established. In the case of payables where the unpriced portion of the contract is limited to the futures price of the underlying commodity or we have delivered provisionally priced grain and a subsequent payable or receivable is set up for any futures changes in the grain price, quoted CBOT prices are used and the liability is deemed to be Level 1 in the fair value hierarchy. For all other unpriced contracts which include variable futures and basis components, the amounts recorded for delayed price contracts are determined on the basis of local grain market prices at the balance sheet date and, as such, are deemed to be Level 2 in the fair value hierarchy. The risk management contract liability allows related ethanol customers to effectively unprice the futures component of their inventory for a period of time, subjecting the bushels to market fluctuations. The Company records an asset or liability for the market value changes of the commodities over the life of the contracts based on quoted CBOT prices and as such, the balance is deemed to be Level 1 in the fair value hierarchy. The Company’s stake in the Iowa Northern Railway Company ("IANR") was redeemed in the first quarter of 2016. The remaining convertible preferred securities are interests in two early-stage enterprises in the form of debt securities with the possibility of conversion to equity under certain circumstances. A reconciliation of beginning and ending balances for the Company’s fair value measurements using Level 3 inputs is as follows: (in thousands) 2016 2015 2016 2015 Contingent Consideration Contingent Consideration Convertible Securities Convertible Securities Asset (liability) at January 1, $ (350 ) $ — $ 13,550 $ 13,300 Gains (losses) included in earnings 190 — 710 — Sales proceeds — — (13,485 ) — Asset (liability) at March 31, $ (160 ) $ — $ 775 $ 13,300 Gains (losses) included in earnings 160 — 19 — New agreements — 350 2,500 — Asset (liability) at June 30, — 350 3,294 13,300 Sales proceeds — — — (992 ) Realized gains (losses) included in earnings — — — 492 Asset at September 30, $ — $ 350 $ 3,294 $ 12,800 The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of September 30, 2016 , December 31, 2015 and September 30, 2015 : Quantitative Information about Level 3 Fair Value Measurements (in thousands) Fair Value as of September 30, 2016 Valuation Method Unobservable Input Weighted Average Convertible Notes $ 3,294 Cost basis plus interest N/A N/A (in thousands) Fair Value as of December 31, 2015 Valuation Method Unobservable Input Weighted Average Convertible Preferred Securities $ 12,800 Market Approach EBITDA Multiples 5.6 Income Approach Discount Rate 14.5 % Convertible Notes $ 750 Cost basis plus interest N/A N/A (in thousands) Fair Value as of September 30, 2015 Valuation Method Unobservable Input Weighted Average Convertible Preferred Securities $ 12,800 Market Approach EBITDA Multiples 5.535 Income Approach Discount Rate 14.5 % Fair Value of Financial Instruments The fair value of the Company’s long-term debt is estimated using quoted market prices or discounted future cash flows based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. As such, the Company has concluded that the fair value of long-term debt is considered Level 2 in the fair value hierarchy. (in thousands) September 30, December 31, September 30, Fair value of long-term debt, including current maturities $ 458,268 $ 467,703 $ 448,298 Fair value in excess of carrying value 7,714 3,708 8,040 The fair value of the Company’s cash equivalents, accounts receivable and accounts payable approximate their carrying value as they are close to maturity.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Equity Method Investments The Company, directly or indirectly, holds investments in companies that are accounted for under the equity method. The Company’s equity in these entities is presented at cost plus its accumulated proportional share of income or loss, less any distributions it has received. On December 4, 2015, Lansing Trade Group, LLC ("LTG") agreed to the sale of equity to New Hope Liuhe Investment (USA), Inc., a U.S. subsidiary of the Chinese company, New Hope Liuhe Co. Ltd. New Hope paid cash for a 20 percent equity interest in LTG. The impact of this transaction to the Company was a reduction in total ownership share of LTG from approximately 38.5 percent to 31.0 percent which includes dilution from newly issued shares as well as a redemption of shares that occurred on a pro rata basis between the Company and the other existing owners of LTG. The Company recognized a total gain of $23.1 million on these transactions. Cash of $8.2 million was received of which $1.3 million was a return of capital and $6.7 million was a return on capital. The remainder was a book gain on cash received in excess of basis in the shares redeemed. The following table presents the Company’s investment balance in each of its equity method investees by entity: (in thousands) September 30, 2016 December 31, 2015 September 30, 2015 The Andersons Albion Ethanol LLC $ 36,661 $ 32,871 $ 31,409 The Andersons Clymers Ethanol LLC 21,340 29,278 31,151 The Andersons Marathon Ethanol LLC 23,812 31,255 30,066 Lansing Trade Group, LLC 91,573 101,531 84,081 Thompsons Limited (a) 47,494 43,964 43,803 Other 4,234 3,208 2,697 Total $ 225,114 $ 242,107 $ 223,207 (a) Thompsons Limited and related U.S. operating company held by joint ventures The Company holds a majority interest ( 66% ) in The Andersons Ethanol Investment LLC (“TAEI”). This consolidated entity holds a 50% interest in The Andersons Marathon Ethanol LLC (“TAME”). The noncontrolling interest in TAEI is attributed 34% of the gains and losses of TAME recorded by the Company in its equity in earnings of affiliates. The following table summarizes income (loss) earned from the Company’s equity method investments by entity: Three months ended September 30, Nine months ended September 30, (in thousands) % Ownership at 2016 2015 2016 2015 The Andersons Albion Ethanol LLC 55% $ 2,528 $ 665 $ 3,857 $ 4,080 The Andersons Clymers Ethanol LLC 38% 2,706 1,454 3,516 4,922 The Andersons Marathon Ethanol LLC 50% 2,655 385 2,557 3,530 Lansing Trade Group, LLC 33% (a) 689 1,382 (7,412 ) 9,290 Thompsons Limited (b) 50% (156 ) 17 1,271 1,385 Other 5% - 34% — (58 ) — 88 Total $ 8,422 $ 3,845 $ 3,789 $ 23,295 (a) This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 0.8% (b) Thompsons Limited and related U.S. operating company held by joint ventures Total distributions received from unconsolidated affiliates were $24.1 million and $20.8 million for the nine months ended September 30, 2016 and September 30, 2015 . In the third quarter of 2016, The Andersons Albion Ethanol LLC, The Andersons Clymers Ethanol LLC, The Andersons Marathon LLC, Lansing Trade Group, and Thompsons Ltd. qualified as significant equity investees of the Company under the income test. The following table presents combined summarized unaudited financial information of these investments for the three and nine months ended September 30, 2016 and 2015: (in thousands) Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Revenues $ 1,646,697 $ 2,250,326 $ 4,676,583 $ 5,129,523 Gross profit 50,141 73,881 127,963 211,470 Income (loss) from continuing operations 18,965 18,008 1,428 65,645 Net income (loss) 17,217 17,310 (2,924 ) 59,637 Net income (loss) attributable to companies 17,752 15,990 (1,347 ) 57,787 Investment in Debt Securities The Company previously owned 100% of the cumulative convertible preferred shares of Iowa Northern Railway Company (“IANR”), which operates a short-line railroad in Iowa. In the first quarter of 2016, these shares were redeemed and the Company no longer has an ownership stake with this entity. See Footnote 10 for additional information on the effects of this transaction. Related Party Transactions In the ordinary course of business, the Company will enter into related party transactions with each of the investments described above, along with other related parties. The following table sets forth the related party transactions entered into for the time periods presented: Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Sales revenues $ 177,724 $ 230,409 $ 549,426 $ 577,133 Service fee revenues (a) 3,800 3,610 13,290 14,865 Purchases of product 128,081 123,051 346,590 339,159 Lease income (b) 1,300 1,542 4,662 4,787 Labor and benefits reimbursement (c) 2,862 2,950 9,702 8,761 Other expenses (d) — 269 149 827 (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 their railroad reporting mark, payment to LTG for the lease of railcars and other various expenses. (in thousands) September 30, 2016 December 31, 2015 September 30, 2015 Accounts receivable (e) $ 18,028 $ 13,362 $ 19,799 Accounts payable (f) 15,352 13,784 15,929 (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. For the three months ended September 30, 2016 and 2015 , revenues recognized for the sale of ethanol that the Company purchased from the unconsolidated ethanol LLCs were $109.3 million and $105.1 million , respectively. Additionally, for the nine months ended September 30, 2016 and 2015 , revenues recognized for the sale of ethanol that the Company purchased from the unconsolidated ethanol LLCs were $220.6 million and $315.9 million , respectively. For the three months ended September 30, 2016 and 2015 , revenues recognized for the sale of corn to the unconsolidated ethanol LLCs under these agreements were $90.4 million and $119.4 million , respectively. Additionally, for the nine months ended September 30, 2016 and 2015 , revenues recognized for the sale of corn to the unconsolidated ethanol LLCs under these agreements were $314.5 million and $323.7 million , respectively. The Company enters into derivative contracts with certain of its related parties for the purchase and sale of corn and ethanol, for similar price risk mitigation purposes and on similar terms as the purchase and sale of derivative contracts it enters into with unrelated parties. The fair value of derivative contract assets with related parties as of September 30, 2016 , December 31, 2015 and September 30, 2015 was $ 5.0 million , $ 2.3 million and $ 3.4 million , respectively. The fair value of derivative contract liabilities with related parties as of September 30, 2016 , December 31, 2015 and September 30, 2015 was $ 0.2 million , $ 0.3 million and $ 0.3 million , respectively.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s operations include five reportable business segments that are distinguished primarily on the basis of products and services offered. The Grain business includes grain merchandising, the operation of terminal grain elevator facilities and the investments in LTG and Thompsons Limited. The Ethanol business purchases and sells ethanol and also manages the ethanol production facilities organized as limited liability companies, one is consolidated and three are investments accounted for under the equity method. There are various service contracts for these investments. Rail operations include the leasing, marketing and fleet management of railcars and other assets, railcar repair and metal fabrication. The Plant Nutrient business manufactures and distributes agricultural inputs, primarily fertilizer, to dealers and farmers, along with turf care and corncob-based products. The Retail business operates large retail stores, a distribution center, and a lawn and garden equipment sales and service facility. Included in “Other” are the corporate level costs not attributed to an operating segment. The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. Inter-segment sales are made at prices comparable to normal, unaffiliated customer sales. The Company does not have any customers who represent 10 percent or more of total revenues. Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Revenues from external customers Grain $ 550,189 $ 545,320 $ 1,611,992 $ 1,705,393 Ethanol 139,413 137,765 396,626 413,130 Plant Nutrient 101,770 149,303 588,797 660,440 Rail 38,201 44,758 118,152 134,497 Retail 30,039 31,947 96,168 101,562 Total $ 859,612 $ 909,093 $ 2,811,735 $ 3,015,022 Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Inter-segment sales Grain $ 7 $ 404 $ 1,632 $ 2,534 Plant Nutrient 61 53 422 517 Rail 328 388 1,062 813 Total $ 396 $ 845 $ 3,116 $ 3,864 Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Income (loss) before income taxes Grain $ 1,879 $ 131 $ (28,563 ) $ 4,024 Ethanol 9,541 5,888 13,048 20,833 Plant Nutrient (7,231 ) (11,114 ) 18,008 8,183 Rail 6,754 11,913 22,698 43,915 Retail (1,578 ) (769 ) (2,644 ) (1,483 ) Other (6,539 ) (8,781 ) (19,612 ) (23,955 ) Noncontrolling interests 1,619 277 1,711 1,433 Total $ 4,445 $ (2,455 ) $ 4,646 $ 52,950 (in thousands) September 30, 2016 December 31, 2015 September 30, 2015 Identifiable assets Grain $ 721,412 $ 1,010,810 $ 852,388 Ethanol 174,822 183,080 186,250 Plant Nutrient 462,328 531,753 546,673 Rail 383,631 405,702 413,955 Retail 42,880 44,135 45,403 Other 199,338 183,621 147,025 Total $ 1,984,411 $ 2,359,101 $ 2,191,694

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is party to litigation, or threats thereof, both as defendant and plaintiff with some regularity, although individual cases that are material in size occur infrequently. As a defendant, the Company establishes reserves for claimed amounts that are considered probable, and capable of estimation. If those cases are resolved for lesser amounts, the excess reserves are taken into income and, conversely, if those cases are resolved for larger than the amount the Company has accrued, the Company records additional expense. The Company believes it is unlikely that the results of its current legal proceedings for which it is the defendant, even if unfavorable, will be material. As a plaintiff, amounts that are collected can also result in sudden, non-recurring income. Litigation results depend upon a variety of factors, including the availability of evidence, the credibility of witnesses, the performance of counsel, the state of the law, and the impressions of judges and jurors, any of which can be critical in importance, yet difficult, if not impossible, to predict. Consequently, cases currently pending, or future matters, may result in unexpected, and non-recurring losses, or income, from time to time. Finally, litigation results are often subject to judicial reconsideration, appeal and further negotiation by the parties, and as a result, the final impact of a particular judicial decision may be unknown for some time, or may result in continued reserves to account for the potential of such post-verdict actions. The estimated range of loss for all outstanding claims that are considered reasonably possible is not material. Build-to-Suit Lease In August, 2015, the Company entered into a lease agre ement with an initial term of 15 years for a build-to-suit facility to be used as the new corporate headquarters which was completed in the third quarter of 2016. Since the Company is deemed to be the owner of this facility for accounting purposes during the construction period, we have recognized an asset and a corresponding financing obligation. As of September 30, 2016, we have recorded a build-to-suit financing obligation of $13.7 million in other long-term liabilities and $1.3 million in other current liabilities.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Certain supplemental cash flow information, including noncash investing and financing activities for the nine months ended September 30, 2016 and 2015 are as follows: Nine months ended September 30, (in thousands) 2016 2015 Noncash investing and financing activity Capital projects incurred but not yet paid $ 13,104 $ 10,708 Purchase of a productive asset through seller-financing — 1,010 Shares issued for acquisition of business — 4,303 Dividends declared not yet paid 4,342 3,967

Business Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Business Acquisitions	Business Acquisitions There were no business acquisitions completed in the nine months ended September 30, 2016 . Prior Year Business Acquisitions On May 18, 2015, the Company purchased Kay Flo Industries, Inc. and certain subsidiaries. The Company acquired 100% of the outstanding shares of Kay Flo Industries, Inc. In connection with the acquisition, the Company agreed to pay contingent consideration based on the achievement of specified objectives, including reaching targeted gross profit thresholds. The range of undiscounted amounts the Company could be required to pay under the contingent consideration arrangement is between $0 and $24 million . The total fair value of consideration for the acquisitions was $129.4 million , including working capital and $0.4 million in estimated fair value of the contingent consideration arrangement. The Company has funded this transaction with long-term debt, short-term debt, and cash on hand. The debt has been drawn from the Company's existing line of credit. The purchase price allocation was finalized as of December 31, 2015.

Sale of Assets

Sale of Assets	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Sale of Assets	Property, Plant and Equipment The components of property, plant and equipment are as follows: (in thousands) September 30, December 31, September 30, Land $ 28,473 $ 29,928 $ 30,285 Land improvements and leasehold improvements 82,908 77,191 76,414 Buildings and storage facilities 319,950 303,482 301,125 Machinery and equipment 393,178 375,028 368,338 Construction in progress 21,284 32,871 21,044 845,793 818,500 797,206 Less: accumulated depreciation 385,546 363,240 354,884 $ 460,247 $ 455,260 $ 442,322 Depreciation expense on property, plant and equipment was $35.7 million and $34.1 million for the nine months ended September 30, 2016 and 2015 , respectively. Additionally, Depreciation expense on property, plant and equipment was $12.0 million and $11.9 million for the three months ended September 30, 2016 and 2015 , respectively. Capitalized software has been reclassified from property, plant, and equipment, and is now presented as a component of other intangible assets. Prior year balance sheets have been recast to conform with the current period presentation. Rail Group Assets The components of Rail Group assets leased to others are as follows: (in thousands) September 30, December 31, September 30, Rail Group assets leased to others $ 438,211 $ 434,051 $ 441,267 Less: accumulated depreciation 103,810 95,940 94,167 $ 334,401 $ 338,111 $ 347,100 Depreciation expense on Rail Group assets leased to others amounted to $14.0 million and $12.9 million for the nine months ended September 30, 2016 and 2015 , respectively. Additionally, depreciation expense on Rail Group assets leased to others amounted to $4.7 million and $4.6 million for the three months ended September 30, 2016 and 2015 , respectively. Sale of Assets On April 5, 2016 the Company's Board of Directors approved the sale of eight grain and agronomy locations in Iowa to MaxYield Cooperative of West Bend, Iowa. The Andersons acquired these locations as a part of its 2012 acquisition from Green Plains Grain Company. The Tennessee assets acquired during that same transaction will remain a part of the Company. Total cash received was $54.3 million and a nominal gain was recognized on the sale.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2016
Inventory, Net [Abstract]
Classes of inventories	Major classes of inventories are as follows: (in thousands) September 30, December 31, September 30, Grain $ 262,165 $ 534,548 $ 325,536 Ethanol and by-products 7,734 8,576 8,365 Plant nutrients and cob products 126,922 172,815 161,562 Retail merchandise 24,985 24,510 26,079 Railcar repair parts 5,948 6,894 6,057 Other — 56 190 $ 427,754 $ 747,399 $ 527,789

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Components of property, plant and equipment	The components of property, plant and equipment are as follows: (in thousands) September 30, December 31, September 30, Land $ 28,473 $ 29,928 $ 30,285 Land improvements and leasehold improvements 82,908 77,191 76,414 Buildings and storage facilities 319,950 303,482 301,125 Machinery and equipment 393,178 375,028 368,338 Construction in progress 21,284 32,871 21,044 845,793 818,500 797,206 Less: accumulated depreciation 385,546 363,240 354,884 $ 460,247 $ 455,260 $ 442,322
Components of railcar assets leased to others	The components of Rail Group assets leased to others are as follows: (in thousands) September 30, December 31, September 30, Rail Group assets leased to others $ 438,211 $ 434,051 $ 441,267 Less: accumulated depreciation 103,810 95,940 94,167 $ 334,401 $ 338,111 $ 347,100

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Long-term debt	The Company’s short-term and long-term debt at September 30, 2016 , December 31, 2015 and September 30, 2015 consisted of the following: (in thousands) September 30, December 31, September 30, Short-term Debt - Recourse $ — $ 16,990 $ 82,801 Total Short-term Debt — 16,990 82,801 Current Maturities of Long-term Debt – Recourse 51,520 27,786 26,989 Total Current Maturities of Long-term Debt 51,520 27,786 26,989 Long-term Debt, Less: Current Maturities – Recourse 395,559 436,208 413,561 Total Long-term Debt, Less: Current Maturities $ 395,559 $ 436,208 $ 413,561

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Estimated fair value of Company's commodity derivative instruments for cash collateral and associated cash as collateral	The net asset or liability positions of these derivatives (net of their cash collateral) are determined on a counterparty-by-counterparty basis and are included within current or noncurrent commodity derivative assets (or liabilities) on the Condensed Consolidated Balance Sheets: September 30, 2016 December 31, 2015 September 30, 2015 (in thousands) Net derivative asset position Net derivative liability position Net derivative asset position Net derivative liability position Net derivative asset position Net derivative liability position Collateral paid (received) $ 13,358 $ — $ 3,008 $ — $ 28,585 $ — Fair value of derivatives 16,258 — 25,356 — 5,733 — Balance at end of period $ 29,616 $ — $ 28,364 $ — $ 34,318 $ —
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table presents, on a gross basis, current and noncurrent commodity derivative assets and liabilities: September 30, 2016 (in thousands) Commodity derivative assets - current Commodity derivative assets - noncurrent Commodity derivative liabilities - current Commodity derivative liabilities - noncurrent Total Commodity derivative assets $ 60,372 $ 1,356 $ 3,318 $ 58 $ 65,104 Commodity derivative liabilities (13,893 ) (10 ) (63,088 ) (2,012 ) (79,003 ) Cash collateral 13,358 — — — 13,358 Balance sheet line item totals $ 59,837 $ 1,346 $ (59,770 ) $ (1,954 ) $ (541 ) December 31, 2015 (in thousands) Commodity derivative assets - current Commodity derivative assets - noncurrent Commodity derivative liabilities - current Commodity derivative liabilities - noncurrent Total Commodity derivative assets $ 51,647 $ 412 $ 371 $ 2 $ 52,432 Commodity derivative liabilities (4,829 ) — (37,758 ) (1,065 ) (43,652 ) Cash collateral 3,008 — — — 3,008 Balance sheet line item totals $ 49,826 $ 412 $ (37,387 ) $ (1,063 ) $ 11,788 September 30, 2015 (in thousands) Commodity derivative assets - current Commodity derivative assets - noncurrent Commodity derivative liabilities - current Commodity derivative liabilities - noncurrent Total Commodity derivative assets $ 43,892 $ 1,591 $ 2,306 $ 32 $ 47,821 Commodity derivative liabilities (11,512 ) (7 ) (52,217 ) (2,944 ) (66,680 ) Cash collateral 28,585 — — — 28,585 Balance sheet line item totals $ 60,965 $ 1,584 $ (49,911 ) $ (2,912 ) $ 9,726
Company's Condensed Consolidated Statement of Income gains and location of line items	The gains and losses included in the Company's Consolidated Statements of Operations and the line item in which they are located for foreign currency contract derivatives not designated as hedging instruments are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Foreign currency derivative gains (losses) included in Other income, net $ (261 ) $ — $ 1,130 $ — The gains and losses included in the Company's Consolidated Statements of Operations and the line item in which they are located for interest rate derivatives not designated as hedging instruments are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Interest expense $ 652 $ — $ (1,642 ) $ — The gains (losses) included in the Company’s Condensed Consolidated Statements of Operations and the line items in which they are located are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Gains (losses) on commodity derivatives included in cost of sales and merchandising revenues $ (48,620 ) $ (16,910 ) $ (22,679 ) $ 34,902
Amounts of quantities outstanding included in commodity derivative contracts	The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at September 30, 2016 , December 31, 2015 and September 30, 2015 : September 30, 2016 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 226,492 — — — Soybeans 60,614 — — — Wheat 7,933 — — — Oats 28,939 — — — Ethanol — 191,906 — — Corn oil — — 7,153 — Other 129 — — 251 Subtotal 324,107 191,906 7,153 251 Exchange traded: Corn 105,395 — — — Soybeans 35,245 — — — Wheat 39,715 — — — Oats 2,800 — — — Ethanol — 74,046 — — Subtotal 183,155 74,046 — — Total 507,262 265,952 7,153 251 December 31, 2015 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 227,248 — — — Soybeans 13,357 — — — Wheat 13,710 — — — Oats 15,019 — — — Ethanol — 138,660 — — Corn oil — — 11,532 — Other 297 — — 116 Subtotal 269,631 138,660 11,532 116 Exchange traded: Corn 106,260 — — — Soybeans 17,255 — — — Wheat 28,135 — — — Oats 3,480 — — — Ethanol — 840 — — Other — 840 — — Subtotal 155,130 1,680 — — Total 424,761 140,340 11,532 116 September 30, 2015 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 331,740 — — — Soybeans 47,208 — — — Wheat 12,631 — — — Oats 19,449 — — — Ethanol — 131,789 — — Corn oil — — 10,063 — Other 572 — — 123 Subtotal 411,600 131,789 10,063 123 Exchange traded: Corn 129,810 — — — Soybeans 24,860 — — — Wheat 28,360 — — — Oats 3,285 — — — Ethanol — 3,192 — — Subtotal 186,315 3,192 — — Total 597,915 134,981 10,063 123
Schedule of Fair Value of Interest Rate Derivative Liabilities	The Company also has foreign currency derivatives which are considered effective economic hedges of specified economic risks but which are not designated as accounting hedges. At September 30, 2016 , December 31, 2015 and September 30, 2015 , the Company had recorded the following amounts for the fair value of the Company's foreign currency derivatives: September 30, December 31, September 30, (in thousands) 2016 2015 2015 Derivatives not designated as hedging instruments Foreign currency contracts included in short term assets $ 1,130 $ — $ — Total fair value of foreign currency contract derivatives not designated as hedging instruments $ 1,130 $ — $ — At September 30, 2016 , December 31, 2015 and September 30, 2015 , the Company had recorded the following amounts for the fair value of the Company's interest rate derivatives: September 30, December 31, September 30, (in thousands) 2016 2015 2015 Derivatives not designated as hedging instruments Interest rate contracts included in other long term liabilities $ (4,774 ) $ (3,133 ) $ — Total fair value of interest rate derivatives not designated as hedging instruments $ (4,774 ) $ (3,133 ) $ — Derivatives designated as hedging instruments Interest rate contract included in other short term liabilities $ — $ (191 ) $ — Total fair value of interest rate derivatives designated as hedging instruments $ — $ (191 ) $ —

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Pension Benefits
Employee Benefit Plans [Line Items]
Schedule of Defined Benefit Plans Disclosures	The following are components of the net periodic benefit cost for the pension and post-retirement benefit plans maintained by the Company for the three and nine months ended September 30, 2016 and 2015 : Pension Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Service cost $ — $ 59 $ — $ 177 Interest cost 49 45 145 136 Recognized net actuarial loss 36 379 109 1,137 Benefit cost $ 85 $ 483 $ 254 $ 1,450
Postretirement Benefits
Employee Benefit Plans [Line Items]
Schedule of Defined Benefit Plans Disclosures	Post-retirement Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Service cost $ 190 $ 225 $ 570 $ 675 Interest cost 387 396 1,162 1,188 Amortization of prior service cost (88 ) (136 ) (266 ) (408 ) Recognized net actuarial loss 192 379 576 1,138 Benefit cost $ 681 $ 864 $ 2,042 $ 2,593

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following tables summarize the after-tax components of accumulated other comprehensive income (loss) attributable to the Company for the three and nine months ended September 30, 2016 and 2015 : Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) For the three months ended September 30, 2016 For the nine months ended September 30, 2016 (in thousands) Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Beginning Balance $ 9 $ (9,484 ) $ — $ (7,619 ) $ (17,094 ) $ (111 ) $ (12,041 ) $ 126 $ (8,913 ) $ (20,939 ) Other comprehensive income (loss) before reclassifications — (298 ) — 143 (155 ) 120 2,259 — 1,547 3,926 Amounts reclassified from accumulated other comprehensive loss — — — (56 ) (56 ) — — (126 ) (166 ) (292 ) Net current-period other comprehensive income (loss) — (298 ) — 87 (211 ) 120 2,259 (126 ) 1,381 3,634 Ending balance $ 9 $ (9,782 ) $ — $ (7,532 ) $ (17,305 ) $ 9 $ (9,782 ) $ — $ (7,532 ) $ (17,305 ) Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) For the three months ended September 30, 2015 For the nine months ended September 30, 2015 (in thousands) Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Losses on Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Debt Securities Defined Benefit Plan Items Total Beginning Balance $ (242 ) $ (7,913 ) $ 126 $ (47,130 ) $ (55,159 ) $ (364 ) $ (4,709 ) $ 126 $ (49,648 ) $ (54,595 ) Other comprehensive income (loss) before reclassifications 62 (2,750 ) — 473 (2,215 ) 184 (5,954 ) — 3,161 (2,609 ) Amounts reclassified from accumulated other comprehensive loss — — — (85 ) (85 ) — — — (255 ) (255 ) Net current-period other comprehensive income (loss) 62 (2,750 ) — 388 (2,300 ) 184 (5,954 ) — 2,906 (2,864 ) Ending balance $ (180 ) $ (10,663 ) $ 126 $ (46,742 ) $ (57,459 ) $ (180 ) $ (10,663 ) $ 126 $ (46,742 ) $ (57,459 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits
Reclassification out of Accumulated Other Comprehensive Income	The following tables show the reclassification adjustments from accumulated other comprehensive loss to net income (loss) for the three and nine months ended September 30, 2016 and 2015 : Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) For the three months ended September 30, 2016 For the nine months ended September 30, 2016 Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Defined Benefit Plan Items Amortization of prior-service cost $ (89 ) (b) $ (266 ) (b) (89 ) Total before tax (266 ) Total before tax 33 Income tax provision 100 Income tax provision $ (56 ) Net of tax $ (166 ) Net of tax Other items Recognition of gain on sale of investment $ — (200 ) — Total before tax (200 ) Total before tax — Income tax provision 74 Income tax provision $ — Net of tax $ (126 ) Net of tax Total reclassifications for the period (56 ) Net of tax (292 ) Net of tax Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) For the three months ended September 30, 2015 For the nine months ended September 30, 2015 Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Defined Benefit Plan Items Amortization of prior-service cost $ (136 ) (b) $ (408 ) (b) (136 ) Total before tax (408 ) Total before tax 51 Income tax provision 153 Income tax provision $ (85 ) Net of tax $ (255 ) Net of tax Total reclassifications for the period $ (85 ) Net of tax $ (255 ) Net of tax (a) Amounts in parentheses indicate credits to profit/loss (b) This accumulated other comprehensive loss component is included in the computation of net periodic benefit cost (see Note 6).

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings per share	(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

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2016 , December 31, 2015 and September 30, 2015 : (in thousands) September 30, 2016 Assets (liabilities) Level 1 Level 2 Level 3 Total Cash equivalents $ — $ — $ — $ — Restricted cash 190 — — 190 Commodity derivatives, net (a) 34,620 (35,161 ) — (541 ) Provisionally priced contracts (b) (79,022 ) (20,500 ) — (99,522 ) Convertible preferred securities (c) — — 3,294 3,294 Other assets and liabilities (d) 11,015 (4,774 ) — 6,241 Total $ (33,197 ) $ (60,435 ) $ 3,294 $ (90,338 ) (in thousands) December 31, 2015 Assets (liabilities) Level 1 Level 2 Level 3 Total Cash equivalents $ 26,931 $ — $ — $ 26,931 Restricted cash 450 — — 450 Commodity derivatives, net (a) 26,890 (15,101 ) — 11,789 Provisionally priced contracts (b) (133,842 ) (103,148 ) — (236,990 ) Convertible preferred securities (c) — — 13,550 13,550 Other assets and liabilities (d) 8,635 (3,324 ) 350 5,661 Total $ (70,936 ) $ (121,573 ) $ 13,900 $ (178,609 ) (in thousands) September 30, 2015 Assets (liabilities) Level 1 Level 2 Level 3 Total Cash equivalents $ 16,121 $ — $ — $ 16,121 Restricted cash 181 — — 181 Commodity derivatives, net (a) 34,337 (24,611 ) — 9,726 Provisionally priced contracts (b) (81,037 ) (54,612 ) — (135,649 ) Convertible preferred securities (c) — — 12,800 12,800 Other assets and liabilities (d) 10,814 (4,010 ) 350 7,154 Total $ (19,584 ) $ (83,233 ) $ 13,150 $ (89,667 ) (a) Includes associated cash posted/received as collateral (b) Included in "Provisionally priced contracts" are those instruments based only on underlying futures values (Level 1) and delayed price contracts (Level 2) (c) Recorded in “Other noncurrent assets” on the Company’s Condensed Consolidated Balance Sheets (d) Included in other assets and liabilities are deferred compensation assets, ethanol risk management contracts, and foreign exchange derivative contracts (Level 1), interest rate derivatives (Level 2), and contingent consideration to the former owners of Kay Flo Industries, Inc (Level 3).
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs	A reconciliation of beginning and ending balances for the Company’s fair value measurements using Level 3 inputs is as follows: (in thousands) 2016 2015 2016 2015 Contingent Consideration Contingent Consideration Convertible Securities Convertible Securities Asset (liability) at January 1, $ (350 ) $ — $ 13,550 $ 13,300 Gains (losses) included in earnings 190 — 710 — Sales proceeds — — (13,485 ) — Asset (liability) at March 31, $ (160 ) $ — $ 775 $ 13,300 Gains (losses) included in earnings 160 — 19 — New agreements — 350 2,500 — Asset (liability) at June 30, — 350 3,294 13,300 Sales proceeds — — — (992 ) Realized gains (losses) included in earnings — — — 492 Asset at September 30, $ — $ 350 $ 3,294 $ 12,800
Fair Value Inputs, Assets, Quantitative Information	The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of September 30, 2016 , December 31, 2015 and September 30, 2015 : Quantitative Information about Level 3 Fair Value Measurements (in thousands) Fair Value as of September 30, 2016 Valuation Method Unobservable Input Weighted Average Convertible Notes $ 3,294 Cost basis plus interest N/A N/A (in thousands) Fair Value as of December 31, 2015 Valuation Method Unobservable Input Weighted Average Convertible Preferred Securities $ 12,800 Market Approach EBITDA Multiples 5.6 Income Approach Discount Rate 14.5 % Convertible Notes $ 750 Cost basis plus interest N/A N/A (in thousands) Fair Value as of September 30, 2015 Valuation Method Unobservable Input Weighted Average Convertible Preferred Securities $ 12,800 Market Approach EBITDA Multiples 5.535 Income Approach Discount Rate 14.5 %
Fair value of long-term debt estimated using quoted market prices or discounted future cash flows	(in thousands) September 30, December 31, September 30, Fair value of long-term debt, including current maturities $ 458,268 $ 467,703 $ 448,298 Fair value in excess of carrying value 7,714 3,708 8,040

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2016
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) September 30, 2016 December 31, 2015 September 30, 2015 The Andersons Albion Ethanol LLC $ 36,661 $ 32,871 $ 31,409 The Andersons Clymers Ethanol LLC 21,340 29,278 31,151 The Andersons Marathon Ethanol LLC 23,812 31,255 30,066 Lansing Trade Group, LLC 91,573 101,531 84,081 Thompsons Limited (a) 47,494 43,964 43,803 Other 4,234 3,208 2,697 Total $ 225,114 $ 242,107 $ 223,207 (a) Thompsons Limited and related U.S. operating company held by joint ventures the third quarter of 2016, The Andersons Albion Ethanol LLC, The Andersons Clymers Ethanol LLC, The Andersons Marathon LLC, Lansing Trade Group, and Thompsons Ltd. qualified as significant equity investees of the Company under the income test. The following table presents combined summarized unaudited financial information of these investments for the three and nine months ended September 30, 2016 and 2015: (in thousands) Three months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 Revenues $ 1,646,697 $ 2,250,326 $ 4,676,583 $ 5,129,523 Gross profit 50,141 73,881 127,963 211,470 Income (loss) from continuing operations 18,965 18,008 1,428 65,645 Net income (loss) 17,217 17,310 (2,924 ) 59,637 Net income (loss) attributable to companies 17,752 15,990 (1,347 ) 57,787
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 September 30, Nine months ended September 30, (in thousands) % Ownership at 2016 2015 2016 2015 The Andersons Albion Ethanol LLC 55% $ 2,528 $ 665 $ 3,857 $ 4,080 The Andersons Clymers Ethanol LLC 38% 2,706 1,454 3,516 4,922 The Andersons Marathon Ethanol LLC 50% 2,655 385 2,557 3,530 Lansing Trade Group, LLC 33% (a) 689 1,382 (7,412 ) 9,290 Thompsons Limited (b) 50% (156 ) 17 1,271 1,385 Other 5% - 34% — (58 ) — 88 Total $ 8,422 $ 3,845 $ 3,789 $ 23,295 (a) This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 0.8% (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 September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Sales revenues $ 177,724 $ 230,409 $ 549,426 $ 577,133 Service fee revenues (a) 3,800 3,610 13,290 14,865 Purchases of product 128,081 123,051 346,590 339,159 Lease income (b) 1,300 1,542 4,662 4,787 Labor and benefits reimbursement (c) 2,862 2,950 9,702 8,761 Other expenses (d) — 269 149 827 (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 their railroad reporting mark, payment to LTG for the lease of railcars and other various expenses. (in thousands) September 30, 2016 December 31, 2015 September 30, 2015 Accounts receivable (e) $ 18,028 $ 13,362 $ 19,799 Accounts payable (f) 15,352 13,784 15,929 (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.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Revenues from external customers Grain $ 550,189 $ 545,320 $ 1,611,992 $ 1,705,393 Ethanol 139,413 137,765 396,626 413,130 Plant Nutrient 101,770 149,303 588,797 660,440 Rail 38,201 44,758 118,152 134,497 Retail 30,039 31,947 96,168 101,562 Total $ 859,612 $ 909,093 $ 2,811,735 $ 3,015,022 Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Inter-segment sales Grain $ 7 $ 404 $ 1,632 $ 2,534 Plant Nutrient 61 53 422 517 Rail 328 388 1,062 813 Total $ 396 $ 845 $ 3,116 $ 3,864 Three months ended September 30, Nine months ended September 30, (in thousands) 2016 2015 2016 2015 Income (loss) before income taxes Grain $ 1,879 $ 131 $ (28,563 ) $ 4,024 Ethanol 9,541 5,888 13,048 20,833 Plant Nutrient (7,231 ) (11,114 ) 18,008 8,183 Rail 6,754 11,913 22,698 43,915 Retail (1,578 ) (769 ) (2,644 ) (1,483 ) Other (6,539 ) (8,781 ) (19,612 ) (23,955 ) Noncontrolling interests 1,619 277 1,711 1,433 Total $ 4,445 $ (2,455 ) $ 4,646 $ 52,950 (in thousands) September 30, 2016 December 31, 2015 September 30, 2015 Identifiable assets Grain $ 721,412 $ 1,010,810 $ 852,388 Ethanol 174,822 183,080 186,250 Plant Nutrient 462,328 531,753 546,673 Rail 383,631 405,702 413,955 Retail 42,880 44,135 45,403 Other 199,338 183,621 147,025 Total $ 1,984,411 $ 2,359,101 $ 2,191,694

Supplemental Cash Flow Inform36

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow Supplemental Information	Certain supplemental cash flow information, including noncash investing and financing activities for the nine months ended September 30, 2016 and 2015 are as follows: Nine months ended September 30, (in thousands) 2016 2015 Noncash investing and financing activity Capital projects incurred but not yet paid $ 13,104 $ 10,708 Purchase of a productive asset through seller-financing — 1,010 Shares issued for acquisition of business — 4,303 Dividends declared not yet paid 4,342 3,967

Inventories (Details)

Inventories (Details) $ in Thousands, bu in Millions	Sep. 30, 2016USD ($)bu	Dec. 31, 2015USD ($)bu	Sep. 30, 2015USD ($)bu
Inventory, Net [Abstract]
Grain	$ 262,165	$ 534,548	$ 325,536
Ethanol and by-products	7,734	8,576	8,365
Plant nutrients and cob products	126,922	172,815	161,562
Retail merchandise	24,985	24,510	26,079
Railcar repair parts	5,948	6,894	6,057
Other	0	56	190
Total inventories	$ 427,754	$ 747,399	$ 527,789
Bushels of grain held in storage and excluded from inventory calculations | bu	1	3.4	3.2

Property, Plant and Equipment38

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Components of property, plant and equipment
Land	$ 28,473	$ 29,928	$ 30,285
Land improvements and leasehold improvements	82,908	77,191	76,414
Buildings and storage facilities	319,950	303,482	301,125
Machinery and equipment	393,178	375,028	368,338
Construction in progress	21,284	32,871	21,044
Property, plant and equipment, gross	845,793	818,500	797,206
Less: accumulated depreciation	385,546	363,240	354,884
Property, plant and equipment, net	$ 460,247	$ 455,260	$ 442,322

Property, Plant and Equipment39

Property, Plant and Equipment (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Components of Railcar assets leased to others
Railcar assets leased to others	$ 438,211	$ 434,051	$ 441,267
Less: accumulated depreciation	103,810	95,940	94,167
Railcar assets leased to others, net	$ 334,401	$ 338,111	$ 347,100

Property, Plant and Equipment40

Property, Plant and Equipment (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 12	$ 11.9	$ 35.7	$ 34.1
Depreciation expense on railcar assets leased to others	$ 4.7	$ 4.6	$ 14	$ 12.9

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Debt Instrument [Line Items]
Short-term debt	$ 0	$ 16,990	$ 82,801
Long-term debt
Total current maturities of long-term debt	51,520	27,786	26,989
Total long-term debt, less current maturities	395,559	436,208	413,561
Recourse
Debt Instrument [Line Items]
Short-term debt	0	16,990	82,801
Long-term debt
Total current maturities of long-term debt	51,520	27,786	26,989
Total long-term debt, less current maturities	$ 395,559	$ 436,208	$ 413,561

Debt (Details Textual)

Debt (Details Textual) - Line of credit $ in Millions	Sep. 30, 2016USD ($)
Line of Credit Facility [Line Items]
Total borrowing capacity under lines of credit	$ 872.5
Total available for borrowings under lines of credit	809.9
Secured Debt
Line of Credit Facility [Line Items]
Total borrowing capacity under lines of credit	$ 22.5

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Estimated fair value of Company's commodity derivative instruments for cash collateral and associated cash as collateral
Net derivative asset position, Collateral paid (received)	$ 13,358	$ 3,008	$ 28,585
Net derivative asset position, Fair value of derivatives	16,258	25,356	5,733
Net derivative asset position, net	29,616	28,364	34,318
Net derivative liability position, Collateral paid	0	0	0
Net derivative liability position, Fair value of derivatives	0	0	0
Net derivative liability position, net	$ 0	$ 0	$ 0

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Derivatives, Fair Value [Line Items]
Commodity derivative assets	$ 16,258	$ 25,356	$ 5,733
Commodity derivative liabilities	0	0	0
Commodity derivative assets - current	59,837	49,826	60,965
Commodity derivative assets - noncurrent	1,346	412	1,584
Commodity derivative liabilities - current	(59,770)	(37,387)	(49,911)
Commodity derivative liabilities - noncurrent	(1,954)	(1,063)	(2,912)
Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	65,104	52,432	47,821
Commodity derivative liabilities	(79,003)	(43,652)	(66,680)
Cash collateral	13,358	3,008	28,585
Total	(541)	11,788	9,726
Commodity derivative assets - current | Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	60,372	51,647	43,892
Commodity derivative liabilities	(13,893)	(4,829)	(11,512)
Cash collateral	13,358	3,008	28,585
Commodity derivative assets - current	59,837	49,826	60,965
Commodity derivative assets - noncurrent | Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	1,356	412	1,591
Commodity derivative liabilities	(10)	0	(7)
Cash collateral	0	0	0
Commodity derivative assets - noncurrent	1,346	412	1,584
Commodity derivative liabilities - current | Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	3,318	371	2,306
Commodity derivative liabilities	(63,088)	(37,758)	(52,217)
Cash collateral	0	0	0
Commodity derivative liabilities - current	(59,770)	(37,387)	(49,911)
Commodity derivative liabilities - noncurrent | Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	58	2	32
Commodity derivative liabilities	(2,012)	(1,065)	(2,944)
Cash collateral	0	0	0
Commodity derivative liabilities - noncurrent	$ (1,954)	$ (1,063)	$ (2,912)

Derivatives (Details 2)

Derivatives (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Sales
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivative instruments	$ (48,620)	$ (16,910)	$ (22,679)	$ 34,902
Interest rate contracts | Not Designated as Hedging Instrument | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivative instruments	652	0	(1,642)	0
Foreign currency contract | Not Designated as Hedging Instrument | Other income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivative instruments	$ (261)	$ 0	$ 1,130	$ 0

Derivatives (Details 3)

Derivatives (Details 3) lb in Thousands, gal in Thousands, bu in Thousands, T in Thousands	Sep. 30, 2016lb	Sep. 30, 2016bu	Sep. 30, 2016T	Sep. 30, 2016gal	Dec. 31, 2015lb	Dec. 31, 2015bu	Dec. 31, 2015T	Dec. 31, 2015gal	Sep. 30, 2015lb	Sep. 30, 2015bu	Sep. 30, 2015T	Sep. 30, 2015gal
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	7,153	507,262	251	265,952	11,532	424,761	116	140,340	10,063	597,915	123	134,981
Non-exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	7,153	324,107	251	191,906	11,532	269,631	116	138,660	10,063	411,600	123	131,789
Non-exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	226,492	0	0	0	227,248	0	0	0	331,740	0	0
Non-exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	60,614	0	0	0	13,357	0	0	0	47,208	0	0
Non-exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	7,933	0	0	0	13,710	0	0	0	12,631	0	0
Non-exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	28,939	0	0	0	15,019	0	0	0	19,449	0	0
Non-exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	191,906	0	0	0	138,660	0	0	0	131,789
Non-exchange Traded | Corn Oil
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	7,153	0	0	0	11,532	0	0	0	10,063	0	0	0
Non-exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	129	251	0	0	297	116	0	0	572	123	0
Exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	183,155	0	74,046	0	155,130	0	1,680	0	186,315	0	3,192
Exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	105,395	0	0	0	106,260	0	0	0	129,810	0	0
Exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	35,245	0	0	0	17,255	0	0	0	24,860	0	0
Exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	39,715	0	0	0	28,135	0	0	0	28,360	0	0
Exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	2,800	0	0	0	3,480	0	0	0	3,285	0	0
Exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	74,046	0	0	0	840	0	0	0	3,192
Exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount					0	0	0	840

Derivatives (Details 4)

Derivatives (Details 4) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Interest rate contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative liabilities	$ (4,774)	$ (3,133)	$ 0
Interest rate contracts | Hedging Instrument
Derivative [Line Items]
Derivative liabilities	0	(191)	0
Foreign currency contract | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative assets	1,130	0	0
Other long term liabilities | Interest rate contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative liabilities	(4,774)	(3,133)	0
Other short term liabilities | Interest rate contracts | Hedging Instrument
Derivative [Line Items]
Derivative liabilities	0	(191)	0
Short term assets | Foreign currency contract | Not Designated as Hedging Instrument
Derivative [Line Items]
Derivative assets	$ 1,130	$ 0	$ 0

Derivatives (Details Textual)

Derivatives (Details Textual)	9 Months Ended
	Sep. 30, 2016
Derivatives (Textual) [Abstract]
Maximum period in which contracts for the sale of grain to processors or other consumers extend (years)	1 year

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pension Benefits
Components of the net periodic benefit cost
Service cost	$ 0	$ 59	$ 0	$ 177
Interest cost	49	45	145	136
Recognized net actuarial loss	36	379	109	1,137
Benefit cost (income)	85	483	254	1,450
Postretirement Benefits
Components of the net periodic benefit cost
Service cost	190	225	570	675
Interest cost	387	396	1,162	1,188
Amortization of prior service cost	(88)	(136)	(266)	(408)
Recognized net actuarial loss	192	379	576	1,138
Benefit cost (income)	$ 681	$ 864	$ 2,042	$ 2,593

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
U.S. Federal tax rate	35.00%		35.00%
Income tax expense (benefit)	$ 1,104	$ (1,505)	$ 1,486	$ 17,556
Effective tax rate	24.80%	61.30%	32.00%	33.20%
Discrete tax benefit related to prior years	5.80%
Tax benefit related to production activities, percent	3.40%		3.30%

Accumulated Other Comprehensi51

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	$ (17,094)	$ (55,159)	$ (20,939)	$ (54,595)
Other comprehensive income (loss) before reclassifications	[1]	(155)	(2,215)	3,926	(2,609)
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	(56)	(85)	(292)	(255)
Other comprehensive income (loss)	[1]	(211)	(2,300)	3,634	(2,864)
Ending balance	[1]	(17,305)	(57,459)	(17,305)	(57,459)
Losses on Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	9	(242)	(111)	(364)
Other comprehensive income (loss) before reclassifications	[1]	0	62	120	184
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	0	0	0	0
Other comprehensive income (loss)	[1]	0	62	120	184
Ending balance	[1]	9	(180)	9	(180)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	(9,484)	(7,913)	(12,041)	(4,709)
Other comprehensive income (loss) before reclassifications	[1]	(298)	(2,750)	2,259	(5,954)
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	0	0	0	0
Other comprehensive income (loss)	[1]	(298)	(2,750)	2,259	(5,954)
Ending balance	[1]	(9,782)	(10,663)	(9,782)	(10,663)
Investment in Debt Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	0	126	126	126
Other comprehensive income (loss) before reclassifications	[1]	0	0	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	0	0	(126)	0
Other comprehensive income (loss)	[1]	0	0	(126)	0
Ending balance	[1]	0	126	0	126
Defined Benefit Plan Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	(7,619)	(47,130)	(8,913)	(49,648)
Other comprehensive income (loss) before reclassifications	[1]	143	473	1,547	3,161
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	(56)	(85)	(166)	(255)
Other comprehensive income (loss)	[1]	87	388	1,381	2,906
Ending balance	[1]	$ (7,532)	$ (46,742)	$ (7,532)	$ (46,742)
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Accumulated Other Comprehensi52

Accumulated Other Comprehensive Loss - Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2016	Sep. 30, 2015
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) before income taxes		$ 4,445		$ (2,455)		$ 4,646	$ 52,950
Income tax provision (benefit)		1,104		(1,505)		1,486	17,556
Net income (loss)		3,341		(950)		3,160	35,394
Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)		(56)	[1]	(85)	[1]	(292)	(255)	[1]
Defined Benefit Plan Items | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Amortization of prior-service cost	[1],[2]	(89)		(136)		(266)	(408)
Income (loss) before income taxes	[1]	(89)		(136)		(266)	(408)
Income tax provision (benefit)	[1]	33		51		100	153
Net income (loss)	[1]	(56)		$ (85)		(166)	$ (255)
Gain on sale of investment | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Recognition of gain on sale of investment	[1]	0				(200)
Income (loss) before income taxes	[1]	0				(200)
Income tax provision (benefit)	[1]	0				74
Net income (loss)	[1]	$ 0				$ (126)
[1]	Amounts in parentheses indicate credits to profit/loss
[2]	This accumulated other comprehensive loss component is included in the computation of net periodic benefit cost (see Note 6).

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income 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 available to common shareholders	$ 1,720	$ (1,225)	$ 1,442	$ 33,900
Earnings per share - basic:
Weighted average shares outstanding - basic (shares)	28,222,000	28,071,000	28,184,000	28,394,000
Earnings per common share - basic (dollars per share)	$ 0.06	$ (0.04)	$ 0.05	$ 1.19
Earnings per share - diluted:
Weighted average shares outstanding - basic (shares)	28,222,000	28,071,000	28,184,000	28,394,000
Effect of dilutive awards (shares)	140,000	0	196,000	60,000
Weighted average shares outstanding - diluted (shares)	28,362,000	28,071,000	28,380,000	28,454,000
Earnings per common share - diluted (dollars per share)	$ 0.06	$ (0.04)	$ 0.05	$ 1.19
Earnings Per Share (Textual) [Abstract]
Antidilutive stock-based awards outstanding (shares)			0	0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents		$ 0	$ 26,931	$ 16,121
Restricted cash		190	450	181
Commodity derivatives, net	[1]	(541)	11,789	9,726
Provisionally price contracts	[2]	(99,522)	(236,990)	(135,649)
Convertible preferred securities	[3]	3,294	13,550	12,800
Other assets and liabilities	[4]	6,241	5,661	7,154
Total		(90,338)	(178,609)	(89,667)
Level 1
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents		0	26,931	16,121
Restricted cash		190	450	181
Commodity derivatives, net	[1]	34,620	26,890	34,337
Provisionally price contracts	[2]	(79,022)	(133,842)	(81,037)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	11,015	8,635	10,814
Total		(33,197)	(70,936)	(19,584)
Level 2
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents		0	0	0
Restricted cash		0	0	0
Commodity derivatives, net	[1]	(35,161)	(15,101)	(24,611)
Provisionally price contracts	[2]	(20,500)	(103,148)	(54,612)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	(4,774)	(3,324)	(4,010)
Total		(60,435)	(121,573)	(83,233)
Level 3
Assets and liabilities measured at fair value on a recurring basis
Cash equivalents		0	0	0
Restricted cash		0	0	0
Commodity derivatives, net	[1]	0	0	0
Provisionally price contracts	[2]	0	0	0
Convertible preferred securities	[3]	3,294	13,550	12,800
Other assets and liabilities	[4]	0	350	350
Total		$ 3,294	$ 13,900	$ 13,150
[1]	Includes associated cash posted/received as collateral
[2]	Recorded in “Other noncurrent assets” on the Company’s Condensed Consolidated Balance Sheets
[3]	Recorded in “Other noncurrent assets” on the Company’s Condensed Consolidated Balance Sheets
[4]	Included in other assets and liabilities are deferred compensation assets, ethanol risk management contracts, and foreign exchange derivative contracts (Level 1), interest rate derivatives (Level 2), and contingent consideration to the former owners of Kay Flo Industries, Inc (Level 3).

Fair Value Measurements (Deta55

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	3 Months Ended						6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs
New agreements		$ 0			$ 350		$ 2,500	$ 0
Contingent consideration
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs
Asset, Beginning Balance	$ 0	(160)	$ (350)	$ 350	0	$ 0	(350)	0	$ (350)	$ 0	$ 0
Realized gains (losses) included in earnings	0	160	190	0	0	0
Sales Proceeds	0		0	0		0
Asset, Ending Balance	0	0	(160)	350	350	0	0	350	0	350	(350)
Asset fair value	0	(160)	(350)	350	0	0	(350)	0	(350)	0	0
Convertible Preferred Stock
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs
Asset, Beginning Balance	3,294	775	13,550	13,300	13,300	13,300	13,550	13,300	13,550	13,300	13,300
Realized gains (losses) included in earnings			710			0	19	0	0	492
Sales Proceeds			(13,485)			0			0	(992)
Asset, Ending Balance	3,294	3,294	775	12,800	13,300	13,300	3,294	13,300	3,294	12,800	13,550
Asset fair value	3,294	$ 775	13,550	13,300	$ 13,300	$ 13,300	13,550	$ 13,300	13,550	13,300	13,300
Level 3 | Convertible Notes
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs
Asset, Beginning Balance			750				750		750
Asset, Ending Balance	3,294								3,294		750
Asset fair value	$ 3,294		750				750		750		750
Level 3 | Convertible Preferred Stock
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs
Asset, Beginning Balance			12,800				12,800		12,800
Asset, Ending Balance				12,800						12,800	12,800
Asset fair value			$ 12,800	$ 12,800			$ 12,800		$ 12,800	$ 12,800	$ 12,800
Market Approach Valuation Technique | Level 3 | Convertible Preferred Stock
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs
Fair Value Inputs, Earnings before Interest, Taxes, Depreciation, and Amortization Multiple										5.54	5.6
Income Approach Valuation Technique | Level 3 | Convertible Preferred Stock
Beginning and ending balances for the Company's fair value measurements using Level 3 inputs
Fair Value Inputs, Discount Rate										14.50%	14.50%

Fair Value Measurements (Deta56

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Fair value of long-term debt estimated using quoted market prices or discounted future cash flows
Fair value of long-term debt, including current maturities	$ 458,268	$ 467,703	$ 448,298
Fair value in excess of carrying value	$ 7,714	$ 3,708	$ 8,040

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Income earned from Company's equity method investees		$ 8,422	$ 3,845	$ 3,789	$ 23,295
Equity method investments		225,114	223,207	225,114	223,207	$ 242,107
The Andersons Albion Ethanol LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Income earned from Company's equity method investees		2,528	665	3,857	4,080
Equity method investments		36,661	31,409	36,661	31,409	32,871
The Andersons Clymers Ethanol LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Income earned from Company's equity method investees		2,706	1,454	3,516	4,922
Equity method investments		21,340	31,151	21,340	31,151	29,278
The Andersons Marathon Ethanol LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Income earned from Company's equity method investees		2,655	385	2,557	3,530
Equity method investments		23,812	30,066	23,812	30,066	31,255
Lansing Trade Group LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Income earned from Company's equity method investees		689	1,382	(7,412)	9,290
Equity method investments		91,573	84,081	91,573	84,081	101,531
Thompsons Limited
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Income earned from Company's equity method investees	[1]	(156)	17	1,271	1,385
Equity method investments	[2]	47,494	43,803	47,494	43,803	43,964
Other
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Income earned from Company's equity method investees		0	(58)	0	88
Equity method investments		$ 4,234	$ 2,697	$ 4,234	$ 2,697	$ 3,208
[1]	Thompsons Limited and related U.S. operating company held by joint ventures
[2]	Thompsons Limited and related U.S. operating company held by joint ventures

Related Party Transactions (D58

Related Party Transactions (Details 1)	Sep. 30, 2016
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Reduction in ownership percentage (percentage)	0.80%
The Andersons Albion Ethanol LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest (percentage)	55.00%
The Andersons Clymers Ethanol LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest (percentage)	38.00%
The Andersons Marathon Ethanol LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest (percentage)	50.00%
Lansing Trade Group LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest (percentage)	32.00%	[1]
Thompsons Limited
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest (percentage)	50.00%	[2]
Minimum | Other
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest (percentage)	5.00%
Maximum | Other
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest (percentage)	34.00%
[1]	This does not consider restricted management units which once vested will reduce the ownership percentage by approximately 0.8%
[2]	Thompsons Limited and related U.S. operating company held by joint ventures

Related Party Transactions (D59

Related Party Transactions (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Schedule of Equity Method Investments [Line Items]
Net income (loss) attributable to companies	$ 1,722	$ (1,227)	$ 1,449	$ 33,961
LTG and The Andersons Albion Ethanol LLC
Schedule of Equity Method Investments [Line Items]
Revenues	1,646,697	2,250,326	4,676,583	5,129,523
Gross profit	50,141	73,881	127,963	211,470
Income (loss) from continuing operations	18,965	18,008	1,428	65,645
Net income (loss)	17,217	17,310	(2,924)	59,637
Net income (loss) attributable to companies	$ 17,752	$ 15,990	$ (1,347)	$ 57,787

Related Party Transactions (D60

Related Party Transactions (Details 3) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Related party transactions entered into for the time periods presented
Sales revenues		$ 177,724	$ 230,409	$ 549,426	$ 577,133
Service fee revenues	[1]	3,800	3,610	13,290	14,865
Purchases of product		128,081	123,051	346,590	339,159
Lease income	[2]	1,300	1,542	4,662	4,787
Labor and benefits reimbursement	[3]	2,862	2,950	9,702	8,761
Other expenses	[4]	0	269	149	827
Accounts receivable	[5]	18,028	19,799	18,028	19,799	$ 13,362
Accounts payable	[6]	$ 15,352	$ 15,929	$ 15,352	$ 15,929	$ 13,784
[1]	Service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains (DDG) marketing fees, and other commissions.
[2]	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.
[3]	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.
[4]	Other expenses include payments to IANR for repair facility rent and use of their railroad reporting mark, payment to LTG for the lease of railcars and other various expenses.
[5]	Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.
[6]	Accounts payable represents amounts due to related parties for purchases of ethanol and other various items.

Related Party Transactions (D61

Related Party Transactions (Details Textual) - USD ($) $ in Thousands	Dec. 04, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 03, 2015
Related Party Transaction [Line Items]
Gain recognized on equity method investment	$ 23,100
Proceeds from returns of investments in affiliates	8,200			$ 15,013	$ 0
Proceeds from equity method investments, return of capital	1,300
Proceeds from equity method investments, return on capital	$ 6,700
Total distributions received from unconsolidated affiliates				$ 24,100	20,800
Percentage of shares acquired from subsidiary (percentage)		100.00%		100.00%
Revenues recognized for the sale of ethanol		$ 109,300	$ 105,100	$ 220,600	315,900
Revenues recognized for the sale of corn		90,400	119,400	314,500	323,700
Related party, Gross asset		5,000	3,400	5,000	3,400	$ 2,300
Related party, Gross liability		$ 200	$ 300	$ 200	$ 300	$ 300
The Andersons Ethanol Investment LLC
Related Party Transaction [Line Items]
Percentage of company ownership interest (percentage)		66.00%		66.00%
Noncontrolling interest is attributed of all gains and losses of parent (percentage)		34.00%		34.00%
The Andersons Marathon Ethanol LLC
Related Party Transaction [Line Items]
Percentage of company ownership interest (percentage)		50.00%		50.00%
Lansing Trade Group
Related Party Transaction [Line Items]
Percentage of company ownership interest (percentage)	31.00%						38.50%
Lansing Trade Group | New Hope Liuhe Co. Ltd.
Related Party Transaction [Line Items]
Percentage of company ownership interest (percentage)	20.00%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Revenues from external customers	$ 859,612	$ 909,093	$ 2,811,735	$ 3,015,022
Income (loss) before income taxes	4,445	(2,455)	4,646	52,950
Identifiable assets	1,984,411	2,191,694	1,984,411	2,191,694	$ 2,359,101
Operating Segments | Grain
Segment Reporting Information [Line Items]
Revenues from external customers	550,189	545,320	1,611,992	1,705,393
Income (loss) before income taxes	1,879	131	(28,563)	4,024
Identifiable assets	721,412	852,388	721,412	852,388	1,010,810
Operating Segments | Ethanol
Segment Reporting Information [Line Items]
Revenues from external customers	139,413	137,765	396,626	413,130
Income (loss) before income taxes	9,541	5,888	13,048	20,833
Identifiable assets	174,822	186,250	174,822	186,250	183,080
Operating Segments | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	101,770	149,303	588,797	660,440
Income (loss) before income taxes	(7,231)	(11,114)	18,008	8,183
Identifiable assets	462,328	546,673	462,328	546,673	531,753
Operating Segments | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	38,201	44,758	118,152	134,497
Income (loss) before income taxes	6,754	11,913	22,698	43,915
Identifiable assets	383,631	413,955	383,631	413,955	405,702
Operating Segments | Retail
Segment Reporting Information [Line Items]
Revenues from external customers	30,039	31,947	96,168	101,562
Income (loss) before income taxes	(1,578)	(769)	(2,644)	(1,483)
Identifiable assets	42,880	45,403	42,880	45,403	44,135
Segment Reconciling Items
Segment Reporting Information [Line Items]
Revenues from external customers	396	845	3,116	3,864
Segment Reconciling Items | Grain
Segment Reporting Information [Line Items]
Revenues from external customers	7	404	1,632	2,534
Segment Reconciling Items | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	61	53	422	517
Segment Reconciling Items | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	328	388	1,062	813
Other
Segment Reporting Information [Line Items]
Income (loss) before income taxes	(6,539)	(8,781)	(19,612)	(23,955)
Identifiable assets	199,338	147,025	199,338	147,025	$ 183,621
Noncontrolling interests
Segment Reporting Information [Line Items]
Income (loss) before income taxes	$ 1,619	$ 277	$ 1,711	$ 1,433

Segment Information (Details Te

Segment Information (Details Textual)	9 Months Ended
	Sep. 30, 2016segment
Segment Reporting Information [Line Items]
Number of reportable segments (business segments)	5
Number of consolidated segments	1
Number of segments accounted for as equity method investments	3
Customer Concentration Risk | Sales Revenue, Net
Segment Reporting Information [Line Items]
Concentration risk, percentage	10.00%

Commitments and Contingencies (

Commitments and Contingencies (Details) - Build-to-Suit Lease - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2015	Sep. 30, 2016
Operating Leased Assets [Line Items]
Term of leasing contract	15 years
Other long term liabilities
Operating Leased Assets [Line Items]
Financing obligation		$ 13.7
Other current liabilities
Operating Leased Assets [Line Items]
Financing obligation		$ 1.3

Supplemental Cash Flow Inform65

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Noncash investing and financing activity
Capital projects incurred but not yet paid	$ 13,104	$ 10,708
Purchase of a productive asset through seller-financing	0	1,010
Shares issued for acquisition of business	0	4,303
Dividends declared not yet paid	$ 4,342	$ 3,967

Business Acquisitions (Details)

Business Acquisitions (Details)	9 Months Ended
	Sep. 30, 2016acquisitions	May 18, 2015USD ($)
Business Acquisition [Line Items]
Number of business acquisitions | acquisitions	0
Kay Flow Industries, Inc.
Business Acquisition [Line Items]
Percentage of shares outstanding acquired		100.00%
Contingent consideration, minimum		$ 0
Contingent consideration, maximum		24,000,000
Fair value of consideration for acquisition		129,400,000
Contingent consideration		$ 400,000

Sale of Assets (Details)

Sale of Assets (Details) $ in Thousands	Apr. 05, 2016USD ($)location	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
Business Acquisition [Line Items]
Cash received from sale of assets		$ 54,330	$ 0
IOWA
Business Acquisition [Line Items]
Number of grain and agronomy locations sold | location	8
Cash received from sale of assets	$ 54,300