The Andersons, Inc. (ANDE) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Cover page

Cover page - shares shares in Millions	9 Months Ended
	Sep. 30, 2019	Oct. 25, 2019
Cover page.
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	000-20557
Entity Registrant Name	ANDERSONS, INC.
Entity Incorporation, State or Country Code	OH
Entity Tax Identification Number	34-1562374
Entity Address, Address Line One	1947 Briarfield Boulevard
Entity Address, City or Town	Maumee
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43537
City Area Code	419
Local Phone Number	893-5050
Title of 12(b) Security	Common stock, $0.00 par value, $0.01 stated value
Trading Symbol	ANDE
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		32.6
Entity Central Index Key	0000821026
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Current assets:
Cash, cash equivalents and restricted cash		$ 21,299	$ 22,593	$ 16,820
Accounts receivable, net		523,110	207,285	206,380
Inventories		741,086	690,804	490,331
Commodity derivative assets – current		120,510	51,421	76,861
Other current assets		82,197	50,703	58,374
Assets held for sale		573	392	29,527
Total current assets		1,488,775	1,023,198	878,293
Other assets:
Commodity derivative assets – noncurrent		1,943	480	766
Goodwill		135,872	6,024	6,024
Other intangible assets, net		181,100	99,138	100,730
Right of use assets, net		70,773	0	0
Other assets, net		19,499	22,341	26,174
Equity method investments		117,348	242,326	240,350
Other noncurrent assets		526,535	370,309	374,044
Rail Group assets leased to others, net		565,746	521,785	464,776
Property, plant and equipment, net		703,396	476,711	434,505
Total assets		3,284,452	2,392,003	2,151,618
Current liabilities:
Short-term debt		138,249	205,000	132,000
Trade and other payables		594,708	462,535	344,406
Customer prepayments and deferred revenue		35,274	32,533	38,242
Commodity derivative liabilities – current		67,606	32,647	91,403
Accrued expenses and other current liabilities		162,749	79,046	68,925
Current maturities of long-term debt		66,899	21,589	15,677
Total current liabilities		1,065,485	833,350	690,653
Long-term lease liabilities		47,299	0	0
Other long-term liabilities		40,927	32,184	30,615
Commodity derivative liabilities – noncurrent		1,960	889	2,548
Employee benefit plan obligations		21,311	22,542	25,356
Long-term debt, less current maturities		968,117	496,187	437,280
Deferred income taxes		128,003	130,087	122,523
Total liabilities		2,273,102	1,515,239	1,308,975
Commitments and contingencies
Shareholders’ equity:
Common shares, without par value (63,000 shares authorized; 33,336 shares issued at 9/30/2019, 29,430 shares issued at 12/31/2018 and 9/30/2018)		137	96	96
Preferred shares, without par value (1,000 shares authorized; none issued)		0	0	0
Additional paid-in-capital		335,916	224,396	222,368
Treasury shares, at cost (213, 936 and 943 shares at 9/30/2019, 12/31/2018 and 9/30/2018, respectively)		(7,582)	(35,300)	(35,039)
Accumulated other comprehensive loss	[1]	(7,620)	(6,387)	(4,364)
Retained earnings		641,607	647,517	628,676
Total shareholders’ equity of The Andersons, Inc.		962,458	830,322	811,737
Noncontrolling interests		48,892	46,442	30,906
Total equity		1,011,350	876,764	842,643
Total liabilities and equity		$ 3,284,452	$ 2,392,003	$ 2,151,618
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Statement of Financial Position [Abstract]
Common shares, without par value (dollars per share)	$ 0	$ 0	$ 0
Common shares, shares authorized (shares)	63,000	63,000	63,000
Common shares, shares issued (shares)	33,336	29,430	29,430
Preferred shares, par value (dollars per share)	$ 0	$ 0	$ 0
Preferred shares, shares authorized (shares)	1,000	1,000	1,000
Preferred shares, shares issued (shares)	0	0	0
Treasury shares, at cost (shares)	213	936	943

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenues from external customers	$ 1,982,755	$ 685,579	$ 6,284,588	$ 2,232,720
Cost of sales and merchandising revenues	1,873,614	631,715	5,905,055	2,024,677
Gross profit	109,141	53,864	379,533	208,043
Operating, administrative and general expenses	107,118	65,986	327,385	190,096
Asset impairment	0	0	3,081	6,272
Interest expense	13,975	5,176	45,613	20,000
Other income:
Equity in earnings (loss) of affiliates, net	(3,728)	7,225	(2,367)	20,601
Other income (loss), net	2,598	6,434	6,649	10,949
Income (loss) before income taxes	(13,082)	(3,639)	7,736	23,225
Income tax provision (benefit)	(7,212)	(1,764)	(1,657)	5,668
Net income (loss)	(5,870)	(1,875)	9,393	17,557
Net income (loss) attributable to the noncontrolling interests	(1,633)	223	(2,265)	(175)
Net income (loss) attributable to The Andersons, Inc.	$ (4,237)	$ (2,098)	$ 11,658	$ 17,732
Per common share:
Basic earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	$ (0.13)	$ (0.07)	$ 0.36	$ 0.63
Diluted earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	$ (0.13)	$ (0.07)	$ 0.35	$ 0.62

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)		$ (5,870)	$ (1,875)	$ 9,393	$ 17,557
Other comprehensive income (loss), net of tax:
Change in fair value of convertible preferred securities (net of income tax of $0 for all periods)		0	0	0	(87)
Change in unrecognized actuarial loss and prior service cost (net of income tax expense (benefit) of $(43), $(38), $(337) and $(139))		(127)	(129)	(981)	(467)
Cash flow hedge activity (net of income tax of $(946), $40, $(4,121) and $56)		(2,852)	119	(12,426)	170
Foreign currency translation adjustments		1,600	993	12,174	(1,280)
Other comprehensive income (loss)	[1]	(1,379)	983	(1,233)	(1,664)
Comprehensive income (loss)		(7,249)	(892)	8,160	15,893
Comprehensive income (loss) attributable to the noncontrolling interests		(1,633)	223	(2,265)	(175)
Comprehensive income (loss) attributable to The Andersons, Inc.		$ (5,616)	$ (1,115)	$ 10,425	$ 16,068
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Change in fair value of convertible preferred securities, tax	$ 0	$ 0	$ 0	$ (87)
Change in unrecognized actuarial loss and prior service cost, tax	(43)	(38)	(337)	(139)
Cash flow hedge activity, tax	(946)	40	(4,121)	56
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities
Net income (loss)	$ 9,393	$ 17,557
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation and amortization	98,396	67,960
Bad debt expense (recovery)	3,615	(436)
Equity in (earnings) losses of affiliates, net of dividends	2,894	(18,390)
Gains on sales of Rail Group assets and related leases	(1,515)	(5,911)
Loss (gain) on sales of assets	101	(4,181)
Stock-based compensation expense	11,637	4,898
Deferred federal income tax	(11,671)	0
Asset impairment	3,081	6,272
Other	3,637	(2,626)
Changes in operating assets and liabilities:
Accounts receivable	4,879	(20,853)
Inventories	405,620	156,375
Commodity derivatives	29,942	18,080
Other assets	18,782	127
Payables and other accrued expenses	(259,166)	(190,042)
Net cash provided by (used in) operating activities	319,625	28,830
Investing Activities
Acquisition of business, net of cash acquired	(149,622)	0
Purchases of Rail Group assets	(68,441)	(108,054)
Proceeds from sale of Rail Group assets	9,182	47,644
Purchases of property, plant and equipment and capitalized software	(125,351)	(86,694)
Proceeds from sale of assets	851	42,307
Purchase of investments	(1,490)	(11,086)
Net cash provided by (used in) investing activities	(334,871)	(115,883)
Financing Activities
Net change in short-term borrowings	(286,462)	110,000
Proceeds from issuance of long-term debt	811,698	57,000
Payments of long-term debt	(493,886)	(112,995)
Proceeds from noncontrolling interest owner	4,714	31,115
Payments of debt issuance costs	(5,649)	(1,446)
Dividends paid	(16,571)	(13,976)
Other	(1,587)	(744)
Net cash provided by (used in) financing activities	12,257	68,954
Effect of exchange rates on cash, cash equivalents and restricted cash	1,695	0
Increase (Decrease) in cash, cash equivalents and restricted cash	(1,294)	(18,099)
Cash, cash equivalents and restricted cash at beginning of period	22,593	34,919
Cash, cash equivalents and restricted cash at end of period	$ 21,299	$ 16,820

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands		Total		Common Shares	Additional Paid-in Capital	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interests
Beginning Balance at Dec. 31, 2017		$ 822,899		$ 96	$ 224,622	$ (40,312)	$ (2,700)	$ 633,496	$ 7,697
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		17,557						17,732	(175)
Other comprehensive income (loss)		(1,664)	[1]				(1,664)
Cash received from (paid to) noncontrolling interest		21,116			(2,268)				23,384
Adoption of accounting standard, net of income tax of $2,869		(8,441)						(8,441)
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax		5,167			14	5,153
Dividends declared per common share		(13,991)						(13,991)
Restricted share award dividend equivalents		0				120		(120)
Ending Balance at Sep. 30, 2018		842,643		96	222,368	(35,039)	(4,364)	628,676	30,906
Beginning Balance at Jun. 30, 2018		846,990		96	223,259	(35,561)	(5,347)	635,438	29,105
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(1,875)						(2,098)	223
Other comprehensive income (loss)		983	[1]				983
Cash received from (paid to) noncontrolling interest		(690)			(2,268)				1,578
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax		1,899			1,377	522
Dividends declared per common share		(4,664)						(4,664)
Ending Balance at Sep. 30, 2018		842,643		96	222,368	(35,039)	(4,364)	628,676	30,906
Beginning Balance at Dec. 31, 2018		876,764		96	224,396	(35,300)	(6,387)	647,517	46,442
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		9,393						11,658	(2,265)
Other comprehensive income (loss)	[1]	(1,233)
Cash received from (paid to) noncontrolling interest		4,879			164				4,715
Other comprehensive income (loss)		(12,719)					(12,719)
Amounts reclassified from accumulated other comprehensive loss		11,486					11,486
Adoption of accounting standard, net of income tax of $2,869		(711)						(711)
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax		11,023			(16,452)	27,475
Dividends declared per common share		(16,606)						(16,606)
Stock awards granted due to acquisition		127,841		41	127,800
Restricted share award dividend equivalents		0			8	243		(251)
Ending Balance at Sep. 30, 2019		1,011,350		137	335,916	(7,582)	(7,620)	641,607	48,892
Beginning Balance at Jun. 30, 2019		1,020,639		137	331,186	(6,449)	(6,241)	651,481	50,525
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(5,870)						(4,237)	(1,633)
Other comprehensive income (loss)	[1]	(1,379)
Cash received from (paid to) noncontrolling interest		164			164
Other comprehensive income (loss)		(1,405)					(1,405)
Amounts reclassified from accumulated other comprehensive loss		26					26
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax		3,343			4,566	(1,223)
Dividends declared per common share		(5,547)						(5,547)
Restricted share award dividend equivalents		0				90		(90)
Ending Balance at Sep. 30, 2019		$ 1,011,350		$ 137	$ 335,916	$ (7,582)	$ (7,620)	$ 641,607	$ 48,892
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Additional Paid-in Capital
Income tax on stock option exercise and other shares issued to employees and directors	$ 0	$ 0
Retained Earnings
Dividends declared, per common share (in dollars per share)	$ 0.17	$ 0.165

Basis of Presentation and Conso

Basis of Presentation and Consolidation	9 Months Ended
	Sep. 30, 2019
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, 2019 . An unaudited Condensed Consolidated Balance Sheet as of September 30, 2018 has been included as the Company operates in several seasonal industries. The Condensed Consolidated Balance Sheet data at December 31, 2018 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, 2018 (the “2018 Form 10-K”). The Company had restricted cash of $9.0 million as of September 30, 2019. This restricted cash balance was related to posting collateral for the release of a mortgage on one of the Company's ethanol assets to be contributed into The Andersons Marathon Holdings LLC. The restricted cash is scheduled to be released from escrow in the fourth quarter after the successful completion of the merger and related credit facility. The Company had no restricted cash balances as of December 31, 2018 or September 30, 2018 . New Accounting Standards Leasing In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") (No. 2016-02, Leases (ASC 842). The FASB issued subsequent amendments to the initial guidance in July 2018 with ASU 2018-10 and in August 2018 with ASU 2018-11. ASC 842 supersedes the current accounting for leases. The new standard, while retaining two distinct types of leases, finance and operating, (i) requires lessees to record a right of use asset and a related liability for the rights and obligations associated with a lease, regardless of lease classification, and recognize lease expense in a manner similar to current accounting, (ii) eliminates current real estate specific lease provisions, (iii) modifies the lease classification criteria and (iv) aligns many of the underlying lessor model principles with those in the new revenue standard. Effective January 1, 2019, the Company adopted the standard using the Comparative Under ASC 840 method, which requires lease assets and liabilities to be recognized in the 2019 balance sheet and statement of equity and forgo the comparative reporting requirements under the modified retrospective transition method. The Company also made an accounting policy election to keep short-term leases less than twelve months off the balance sheet for all classes of underlying assets, as well as elected to use the practical expedient that allows the combination of lease and non-lease contract components in all of its underlying asset categories. In addition, the Company elected to apply the package of practical expedients that allows entities to forego reassessing at the transition date: (1) whether any expired or existing contracts are or contain leases; (2) lease classification for any expired or existing leases; and (3) whether unamortized initial direct costs for existing leases meet the definition of initial direct costs under the new guidance. See Note 14 for additional information. Other applicable standards In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. This ASU reduces the complexity of accounting for costs of implementing a cloud computing service arrangement. This standard aligns the accounting for implementation costs of hosting arrangements, regardless of whether they convey a license to the hosted software. The guidance is effective for fiscal years beginning after December 15, 2019. We have evaluated the impact of this new standard on our consolidated financial statements noting it is not material. Early adoption is permitted, but the Company does not plan to do so. In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows companies to reclassify stranded income tax effects resulting from the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings in their consolidated financial statements. The Company adopted this standard in the current year which did not have a material impact on its financial statements or disclosures. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. The FASB issued subsequent amendments to the initial guidance in November 2018, April 2019 and May 2019 with ASU 2018-19, ASU 2019-04 and ASU 2019-05, respectively. This update changes the accounting for credit losses on loans and held-to-maturity debt securities and requires a current expected credit loss (CECL) approach to determine the allowance for credit losses. This includes allowances for trade receivables. We have evaluated the impact of this new standard on our consolidated financial statements noting it is not expected to be material. The guidance is effective for fiscal years beginning after December 15, 2019 with a cumulative-effect adjustment to retained earnings as of the beginning of the year of adoption. Early adoption is permitted, but the Company does not plan to do so.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory, Net [Abstract]
Inventories	Inventories Major classes of inventories are as follows: (in thousands) September 30, December 31, September 30, Grain and other agricultural products $ 560,626 $ 527,471 $ 324,232 Frac sand and propane 14,592 — — Ethanol and co-products 26,218 11,918 15,419 Plant nutrients and cob products 133,839 145,693 145,363 Railcar repair parts 5,811 5,722 5,317 Total Inventories $ 741,086 $ 690,804 $ 490,331 Inventories on the Condensed Consolidated Balance Sheets at September 30, 2019 , do not include 2.7 million bushels of grain held in storage for others. Grain inventories held in storage for others were de minimis as of December 31, 2018 and September 30, 2018 . 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, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The components of Property, plant and equipment, net are as follows: (in thousands) September 30, December 31, September 30, Land $ 39,393 $ 29,739 $ 29,545 Land improvements and leasehold improvements 95,720 68,826 68,859 Buildings and storage facilities 354,625 284,998 282,826 Machinery and equipment 608,831 393,640 380,109 Construction in progress 54,163 102,394 65,539 1,152,732 879,597 826,878 Less: accumulated depreciation 449,336 402,886 392,373 Property, plant and equipment, net $ 703,396 $ 476,711 $ 434,505 Depreciation expense on property, plant and equipment was $51.0 million and $34.7 million for the nine months ended September 30, 2019 and 2018 , respectively. Additionally, depreciation expense on property, plant and equipment was $18.3 million and $11.5 million for the three months ended September 30, 2019 and 2018 , respectively. In the second quarter of 2019, the Company recorded a $3.1 million impairment charge related to its remaining Tennessee facilities in the Trade group. The Company wrote down the value of these assets to the extent their carrying values exceeded their fair value. The Company classified the significant assumptions used to determine the fair value of the impaired assets as Level 3 inputs in the fair value hierarchy. In June 2018, the Company recorded charges totaling $1.6 million for impairment of property, plant and equipment in the Trade segment related to assets that were reclassified as assets held for sale at June 30, 2018 and were sold in the third quarter of 2018. 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 $ 699,972 $ 640,349 $ 576,622 Less: accumulated depreciation 134,226 118,564 111,846 Rail Group assets, net $ 565,746 $ 521,785 $ 464,776 Depreciation expense on Rail Group assets leased to others amounted to $21.1 million and $18.4 million for the nine months ended September 30, 2019 and 2018 , respectively. Additionally, depreciation expense on Rail Group assets leased to others amounted to $7.4 million and $6.1 million for the three months ended September 30, 2019 and 2018 , respectively.

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt Short-term and long-term debt at September 30, 2019 , December 31, 2018 and September 30, 2018 consisted of the following: (in thousands) September 30, December 31, September 30, Short-term Debt – Non-Recourse (a) $ 35,278 $ — $ — Short-term Debt – Recourse 102,971 205,000 132,000 Total Short-term Debt $ 138,249 $ 205,000 $ 132,000 Current Maturities of Long-term Debt – Non-Recourse (b) $ 9,835 $ 4,842 $ 3,772 Current Maturities of Long-term Debt – Recourse (c) 39,733 16,747 11,905 Finance lease liability (d) 17,331 — — Total Current Maturities of Long-term Debt $ 66,899 $ 21,589 $ 15,677 Long-term Debt, Less: Current Maturities – Non-Recourse (b) $ 242,895 $ 146,353 $ 77,114 Long-term Debt, Less: Current Maturities – Recourse (c) 703,297 349,834 360,166 Finance lease liability (d) 21,925 — — Total Long-term Debt, Less: Current Maturities $ 968,117 $ 496,187 $ 437,280 (a) In conjunction with the Lansing Trade Group ("LTG") acquisition, the Company assumed a revolving line of credit and a term loan with a syndicate of banks, which are non-recourse to the Company. The credit agreement provides the Company with a maximum availability of $181.2 million and had $146.0 million available for borrowing on this line of credit as of September 30, 2019 . Any borrowings under the line of credit bear interest at variable rates, which are based on LIBOR or Bankers’ Acceptances plus an applicable spread. The maturity date for the revolving line of credit is June 26, 2023. (b) In conjunction with the LTG acquisition, the Company also assumed a term loan with a syndicate of banks. The term loan had a balance of $32.9 million at September 30, 2019 . Interest rates for the term loans were 4.45% as of September 30, 2019 and are based on LIBOR plus an applicable spread. Payments of $0.6 million are made on a quarterly basis. (c) On January 11, 2019 the Company entered into a 5 -year term loan in the amount of $250 million and a 7 -year term loan of $250 million . A portion of the term loans were used to pay down debt assumed in the LTG acquisition. Interest rates are based on LIBOR plus an applicable spread. At September 30, 2019, the interest rates for the 5 -year and 7 -year term loan were 3.77% and 4.02% , respectively. Payments on the term loans will be made on a quarterly basis. (d) See Note 14, Leases, for additional information. September 30, 2019 balances include the former build-to-suit lease that was reclassed from other current liabilities and other long-term liabilities as a result of the adoption of ASC 842. The total borrowing capacity of the Company's lines of credit at September 30, 2019 was $1,628.7 million of which the Company had a total of $1,207.7 million available for borrowing under its lines of credit. The Company's borrowing capacity is reduced by a combination of outstanding borrowings and letters of credit. The Company is in compliance with all financial covenants as of September 30, 2019

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company’s operating results are affected by changes to commodity prices. The Trade 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 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 regulated commodity exchanges. 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. Most contracts for the sale of commodities to processors or other commercial consumers generally do not extend beyond one year . Most 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 primarily 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. 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, 2019 , December 31, 2018 and September 30, 2018 , 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, 2019 December 31, 2018 September 30, 2018 (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) $ 23,997 $ — $ 14,944 $ — $ 14,942 $ — Fair value of derivatives 10,199 — 22,285 — 36,653 — Balance at end of period $ 34,196 $ — $ 37,229 $ — $ 51,595 $ — The following table presents, on a gross basis, current and noncurrent commodity derivative assets and liabilities: September 30, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 122,462 $ 1,951 $ 5,715 $ 67 $ 130,195 Commodity derivative liabilities (29,566 ) (8 ) (69,704 ) (2,027 ) (101,305 ) Cash collateral paid (received) 27,614 — (3,617 ) — 23,997 Balance sheet line item totals $ 120,510 $ 1,943 $ (67,606 ) $ (1,960 ) $ 52,887 December 31, 2018 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 43,463 $ 484 $ 706 $ 5 $ 44,658 Commodity derivative liabilities (6,986 ) (4 ) (33,353 ) (894 ) (41,237 ) Cash collateral (received) 14,944 — — — 14,944 Balance sheet line item totals $ 51,421 $ 480 $ (32,647 ) $ (889 ) $ 18,365 September 30, 2018 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 69,957 $ 767 $ 731 $ 38 $ 71,493 Commodity derivative liabilities (8,038 ) (1 ) (92,134 ) (2,586 ) (102,759 ) Cash collateral (received) 14,942 — — — 14,942 Balance sheet line item totals $ 76,861 $ 766 $ (91,403 ) $ (2,548 ) $ (16,324 ) The net pretax gains and losses on commodity derivatives not designated as hedging instruments included in the Company’s Condensed Consolidated Statements of Operations and the line item in which they are located for the three and nine months ended September 30, 2019 and 2018 are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Gains (losses) on commodity derivatives included in cost of sales and merchandising revenues $ (27,586 ) $ (51,059 ) $ 25,469 $ (30,451 ) The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at September 30, 2019 , December 31, 2018 and September 30, 2018 : September 30, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 653,757 — — — Soybeans 46,895 — — — Wheat 90,598 — — — Oats 36,365 — — — Ethanol — 256,815 — — Corn oil — — 5,022 — Other 15,196 6,150 363 3,178 Subtotal 842,811 262,965 5,385 3,178 Exchange traded: Corn 280,890 — — — Soybeans 58,980 — — — Wheat 75,345 — — — Oats 735 — — — Ethanol — 145,769 — — Propane — 12,516 — — Other — 3 — 289 Subtotal 415,950 158,288 — 289 Total 1,258,761 421,253 5,385 3,467 December 31, 2018 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 250,408 — — — Soybeans 22,463 — — — Wheat 14,017 — — — Oats 26,230 — — — Ethanol — 244,863 — — Corn oil — — 2,920 — Other 494 2,000 — 66 Subtotal 313,612 246,863 2,920 66 Exchange traded: Corn 130,585 — — — Soybeans 26,985 — — — Wheat 33,760 — — — Oats 1,475 — — — Ethanol — 77,112 — — Subtotal 192,805 77,112 — — Total 506,417 323,975 2,920 66 September 30, 2018 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 277,774 — — — Soybeans 45,755 — — — Wheat 7,948 — — — Oats 31,155 — — — Ethanol — 230,813 — — Corn oil — — 2,560 — Other — 1,000 115 Subtotal 362,632 231,813 2,560 115 Exchange traded: Corn 123,250 — — — Soybeans 31,855 — — — Wheat 44,130 — — — Oats 1,005 — — — Ethanol — 92,274 — — Subtotal 200,240 92,274 — — Total 562,872 324,087 2,560 115 Interest Rate and Other Derivatives The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The gains or losses on the derivatives are recorded in Other Comprehensive Income (Loss) and subsequently reclassified into interest expense in the same periods during which the hedged transaction affects earnings. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. At September 30, 2019 , December 31, 2018 and September 30, 2018 , the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) September 30, 2019 December 31, 2018 September 30, 2018 Derivatives not designated as hedging instruments Interest rate contracts included in Other long-term assets (Other long-term liabilities) $ (1,261 ) $ (353 ) $ 193 Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) $ 115 $ (1,122 ) $ (737 ) Derivatives designated as hedging instruments Interest rate contracts included in Other current assets (Accrued expenses and other current liabilities) $ (2,981 ) $ — $ — Interest rate contracts included in Other long-term assets (Other long-term liabilities) $ (13,649 ) $ (168 ) $ 227 The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense) $ (36 ) $ 521 $ (972 ) $ 1,662 Foreign currency derivative gains (losses) included in Other income, net $ (615 ) $ 372 $ (684 ) $ (1,163 ) Derivatives designated as hedging instruments Interest rate derivative gains (losses) included in Other Comprehensive Income (Loss) $ (3,798 ) $ 159 $ (16,547 ) $ 226 Interest rate derivatives gains (losses) included in Interest income (expense) $ (224 ) $ 54 $ (243 ) $ 126 Outstanding interest rate derivatives, as of September 30, 2019 , are as follows: Interest Rate Hedging Instrument Year Entered Year of Maturity Initial Notional Amount (in millions) Description Interest Rate Long-term Swap 2014 2023 $ 23.0 Interest rate component of debt - not accounted for as a hedge 1.9% Collar 2016 2021 $ 40.0 Interest rate component of debt - not accounted for as a hedge 3.5% to 4.8% Swap * 2017 2022 $ 20.0 Interest rate component of debt - accounted for as a hedge 1.8% Swap * 2018 2023 $ 10.0 Interest rate component of debt - accounted for as a hedge 2.6% Swap * 2018 2025 $ 20.0 Interest rate component of debt - accounted for as a hedge 2.7% Swap 2018 2021 $ 40.0 Interest rate component of debt - accounted for as a hedge 2.6% Swap 2019 2021 $ 25.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2021 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2025 $ 100.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.5% * Acquired on 1/1/2019 in conjunction with the acquisition of LTG.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The following are components of the net periodic benefit cost for the pension and postretirement benefit plans maintained by the Company for the three and nine months ended September 30, 2019 and 2018 : Pension Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Interest cost $ 29 $ 33 $ 87 $ 98 Recognized net actuarial loss 58 61 174 183 Benefit cost $ 87 $ 94 $ 261 $ 281 Postretirement Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Service cost $ 68 $ 81 $ 206 $ 243 Interest cost 214 188 641 565 Amortization of prior service cost (228 ) (227 ) (684 ) (683 ) Benefit cost $ 54 $ 42 $ 163 $ 125

Revenue

Revenue	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Many of the Company’s revenues are generated from contracts that are outside the scope of ASC 606 and thus are accounted for under other accounting standards. Specifically, many of the Company's Trade and Ethanol sales contracts are derivatives under ASC 815, Derivatives and Hedging and the Rail Group's leasing revenue is accounted for under ASC 842, Leases . The breakdown of revenues between ASC 606 and other standards is as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Revenues under ASC 606 $ 273,945 $ 156,394 $ 1,083,383 $ 706,927 Revenues under ASC 842 26,418 25,853 87,122 78,110 Revenues under ASC 815 1,682,392 503,332 5,114,083 1,447,683 Total Revenues $ 1,982,755 $ 685,579 $ 6,284,588 $ 2,232,720 The remainder of this note applies only to those revenues that are accounted for under ASC 606. Disaggregation of revenue The following tables disaggregate revenues under ASC 606 by major product/service line for the three and nine months ended September 30, 2019 and 2018 , respectively: Three months ended September 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 9,840 $ — $ 35,182 $ — $ 45,022 Primary nutrients 4,610 — 66,733 — 71,343 Services 2,507 3,187 1,275 9,719 16,688 Products and co-products 48,158 34,655 — — 82,813 Frac sand and propane 47,188 — — — 47,188 Other 2,159 163 6,256 2,313 10,891 Total $ 114,462 $ 38,005 $ 109,446 $ 12,032 $ 273,945 Three months ended September 30, 2018 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 36,856 $ — $ 36,856 Primary nutrients — — 60,460 — 60,460 Service 2,232 3,533 877 8,925 15,567 Co-products — 29,282 — — 29,282 Other 245 — 5,996 7,988 14,229 Total $ 2,477 $ 32,815 $ 104,189 $ 16,913 $ 156,394 Nine months ended September 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 45,648 $ — $ 191,247 $ — $ 236,895 Primary nutrients 27,401 — 294,729 — 322,130 Service 11,077 10,170 3,133 28,944 53,324 Products and Co-products 166,859 88,170 — — 255,029 Frac sand and propane 184,418 — — — 184,418 Other 5,860 198 19,439 6,090 31,587 Total $ 441,263 $ 98,538 $ 508,548 $ 35,034 $ 1,083,383 Nine months ended September 30, 2018 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 206,215 $ — $ 206,215 Primary nutrients — — 313,967 — 313,967 Service 8,386 10,483 3,498 26,350 48,717 Co-products — 88,390 — — 88,390 Other 747 — 19,231 29,660 49,638 Total $ 9,133 $ 98,873 $ 542,911 $ 56,010 $ 706,927 Approximately 5% and 10% of revenues accounted for under ASC 606 during each of the three months ended September 30, 2019 and 2018 , are recorded over time which primarily relates to service revenues noted above. Additionally, during the nine months ended September 30, 2019 and 2018 , approximately 5% and 7% of revenues were accounted for under ASC 606, respectively. Contract balances The opening and closing balances of the Company’s contract liabilities are as follows: (in thousands) 2019 2018 Balance at January 1, $ 28,858 $ 25,520 Balance at March 31, 146,824 67,715 Balance at June 30, 48,225 10,047 Balance at September 30, 34,306 29,836 Exclusive of acquisition related impacts, the residual difference between the opening and closing balances of the Company’s contract liabilities primarily results from the timing difference between the Company’s performance and the customer’s payment. The contract liabilities have two main drivers, including Trade prepayments by counter parties and payments for primary and specialty nutrients received in advance of fulfilling our performance obligations under our customer contracts. The primary and specialty business records contract liabilities for payments received in advance of fulfilling our performance obligations under our customer contracts. Further, due to seasonality of this business, contract liabilities were built up in the first quarter of the year. In the third quarter, the decrease in liabilities is due to the revenue recognized in the current period relating to the liability built up in the first quarter.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
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 forecasted 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. For the three months ended September 30, 2019 , the Company recorded an income tax benefit of $7.2 million at an effective income tax rate of 55.1% . The annual effective tax rate differs from the statutory U.S. Federal tax rate due to the impact of state income taxes, nondeductible compensation, partially offset by benefits from income taxes on foreign earnings and federal tax credits. The increase in effective tax rate for the three months ended September 30, 2019 as compared to the same period last year was primarily attributed to the impacts of the current period loss before taxes and additional tax benefits from federal tax credits and permanent provision to return items. For the three months ended September 30, 2018 , the Company recorded an income tax benefit of $1.8 million at an effective income tax rate of 48.5% . For the nine months ended September 30, 2019 , the Company recorded an income tax benefit of $1.7 million at an effective income tax rate of 21.4% . The annual effective tax rate differs from the statutory U.S. Federal tax rate due to the impact of state income taxes, nondeductible compensation, and benefits from income taxes on foreign earnings and federal tax credits. The decrease in effective tax rate for the nine months ended September 30, 2019 as compared to the same period last year was primarily attributed to lower pretax book income as compared to the prior year, and the impact of discrete net tax benefits from provision to return items and federal tax credits. For the nine months ended September 30, 2018 , the Company recorded an income tax expense of $5.7 million at an effective income tax rate of 24.4% . During the three months ended September 30, 2019, the company recognized a tax benefit of $3.9 million for federal Research & Development Credits (“R&D Credits”) related to tax years 2015 to 2018 as well as an estimated year-to-date tax benefit for federal R&D Credits for the 2019 tax year. Unrecognized tax benefits of $17.7 million include $17.2 million recorded as a reduction of the deferred tax asset and refundable credits associated with the R&D Credits. The 2019 effective tax rate can be affected by variances in the estimates and amounts of taxable income among the various states, entities and activity types, realization of tax credits, adjustments from resolution of tax matters under review, valuation allowances and the company’s assessment of its liability for uncertain tax positions. The amount of unrecognized tax benefits for uncertain tax positions was $17.7 million as of September 30, 2019 , and $0.6 million for the period ended September 30, 2018 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Accumulated Other Comprehensive Loss	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, 2019 and 2018 : Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended September 30, 2019 Nine months ended September 30, 2019 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning Balance $ (9,700 ) $ (976 ) $ 258 $ 4,177 $ (6,241 ) $ (126 ) $ (11,550 ) $ 258 $ 5,031 $ (6,387 ) Other comprehensive loss before reclassifications (3,049 ) 1,600 — 44 $ (1,405 ) (12,759 ) 508 — (468 ) (12,719 ) Amounts reclassified from accumulated other comprehensive income (loss) (b) 197 — — (171 ) $ 26 333 11,666 — (513 ) 11,486 Net current-period other comprehensive income (loss) (2,852 ) 1,600 — (127 ) (1,379 ) (12,426 ) 12,174 — (981 ) (1,233 ) Ending balance $ (12,552 ) $ 624 $ 258 $ 4,050 $ (7,620 ) $ (12,552 ) $ 624 $ 258 $ 4,050 $ (7,620 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. (b) Reflects foreign currency translation adjustments attributable to the consolidation of Thompsons Limited as summarized in Note 17. Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended September 30, 2018 Nine months ended September 30, 2018 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning Balance $ 51 $ (9,989 ) $ 257 $ 4,334 $ (5,347 ) $ — $ (7,716 ) $ 344 $ 4,672 $ (2,700 ) Other comprehensive income (loss) before reclassifications 65 993 — 39 1,097 44 (1,280 ) (87 ) 37 (1,286 ) Amounts reclassified from accumulated other comprehensive loss 54 — — (168 ) (114 ) 126 — — (504 ) (378 ) Net current-period other comprehensive income (loss) 119 993 — (129 ) 983 170 (1,280 ) (87 ) (467 ) (1,664 ) Ending balance $ 170 $ (8,996 ) $ 257 $ 4,205 $ (4,364 ) $ 170 $ (8,996 ) $ 257 $ 4,205 $ (4,364 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended September 30, 2019 Nine months ended September 30, 2019 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 $ (228 ) (b) $ (684 ) (b) (228 ) Total before tax (684 ) Total before tax 57 Income tax provision 171 Income tax provision $ (171 ) Net of tax $ (513 ) Net of tax Cash Flow Hedges Interest payments $ 263 Interest expense $ 445 Interest expense 263 Total before tax 445 Total before tax (66 ) Income tax provision (112 ) Income tax provision $ 197 Net of tax $ 333 Net of tax Foreign Currency Translation Adjustment Realized loss on pre-existing investment $ — Other income, net $ 11,666 Other income, net — Total before tax 11,666 Total before tax — Income tax provision — Income tax provision $ — Net of tax $ 11,666 Net of tax Total reclassifications for the period $ 26 Net of tax $ 11,486 Net of tax Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended September 30, 2018 Nine months ended September 30, 2018 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 $ (228 ) (b) $ (684 ) (b) (228 ) Total before tax (684 ) Total before tax 60 Income tax provision 180 Income tax provision $ (168 ) Net of tax $ (504 ) Net of tax Cash Flow Hedges Interest payments $ 73 Interest expense $ 171 Interest expense 73 Total before tax 171 Total before tax (19 ) Income tax provision (45 ) Income tax provision $ 54 Net of tax $ 126 Net of tax Total reclassifications for the period $ (114 ) Net of tax $ (378 ) 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, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share (in thousands, except per common share data) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Net income (loss) attributable to The Andersons, Inc. $ (4,237 ) $ (2,098 ) $ 11,658 $ 17,732 Earnings per share – basic: Weighted average shares outstanding – basic 32,626 28,263 32,550 28,254 Earnings per common share – basic $ (0.13 ) $ (0.07 ) $ 0.36 $ 0.63 Earnings per share – diluted: Weighted average shares outstanding – basic 32,626 28,263 32,550 28,254 Effect of dilutive awards — — 484 233 Weighted average shares outstanding – diluted 32,626 28,263 33,034 28,487 Earnings per common share – diluted $ (0.13 ) $ (0.07 ) $ 0.35 $ 0.62 All outstanding share awards were antidilutive for the three months ended September 30, 2019 and September 30, 2018 as the Company incurred a net loss in both periods. There were 60 thousand outstanding share awards that were antidilutive for the nine months ended September 30, 2019 . There were no antidilutive stock-based awards outstanding for the nine months ended September 30, 2018

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2019
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, 2019 , December 31, 2018 and September 30, 2018 : (in thousands) September 30, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 34,196 $ 18,691 $ — $ 52,887 Provisionally priced contracts (b) (79,757 ) (23,535 ) — (103,292 ) Convertible preferred securities (c) — — 8,404 8,404 Other assets and liabilities (d) 5,603 (17,891 ) — (12,288 ) Total $ (39,958 ) $ (22,735 ) $ 8,404 $ (54,289 ) (in thousands) December 31, 2018 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 37,229 $ (18,864 ) $ — $ 18,365 Provisionally priced contracts (b) (76,175 ) (58,566 ) — (134,741 ) Convertible preferred securities (c) — — 7,154 7,154 Other assets and liabilities (d) 5,186 (353 ) — 4,833 Total $ (33,760 ) $ (77,783 ) $ 7,154 $ (104,389 ) (in thousands) September 30, 2018 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 51,595 $ (67,919 ) $ — $ (16,324 ) Provisionally priced contracts (b) (55,697 ) (23,136 ) — (78,833 ) Convertible preferred securities (c) — — 7,154 7,154 Other assets and liabilities (d) 5,988 193 — 6,181 Total $ 1,886 $ (90,862 ) $ 7,154 $ (81,822 ) (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 assets held in rabbi trusts to fund deferred compensation plans, ethanol risk management contracts, and foreign exchange derivative contracts (Level 1), and interest rate derivatives (Level 2). Level 1 commodity derivatives reflect the fair value of the exchanged-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 quoted on various exchanges 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 typically a Level 2 fair value input for purposes of the fair value disclosure requirements related to our commodity derivatives, depending on the specific commodity. 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 significant 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 future changes in the grain price, quoted exchange 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 exchange prices and as such, the balance is deemed to be Level 1 in the fair value hierarchy. The convertible preferred securities are interests in several early-stage enterprises that may be in various forms, such as convertible debt or preferred equity securities. A reconciliation of beginning and ending balances for the Company’s fair value measurements using Level 3 inputs is as follows: Convertible Preferred Securities (in thousands) 2019 2018 Assets (liabilities) at January 1, $ 7,154 $ 7,388 Additional Investments 250 — Assets (liabilities) at March 31, $ 7,404 $ 7,388 Additional investments 1,000 100 Asset (liabilities) at June 30, $ 8,404 $ 7,488 Gains (losses) included in earnings — 5,080 Additional Investments — 986 Sale proceeds — (6,400 ) Asset (liability) at September 30, $ 8,404 $ 7,154 The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of September 30, 2019 , December 31, 2018 and September 30, 2018 : Quantitative Information about Level 3 Fair Value Measurements (in thousands) Fair Value as of September 30, 2019 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 8,404 Implied based on market prices N/A N/A (in thousands) Fair Value as of December 31, 2018 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 7,154 Implied based on market prices N/A N/A (in thousands) Fair Value as of September 30, 2018 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 7,154 Implied based on market prices N/A N/A (a) The Company considers observable price changes and other additional market data available to estimate fair value, including additional capital raising, internal valuation models, progress towards key business milestones, and other relevant market data points. 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 $ 1,046,063 $ 517,998 $ 445,342 Fair value in excess of carrying value (a) 11,047 5,813 11,629 (a) Carrying value used for this purpose excludes unamortized debt issuance costs. 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, 2019
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. The following table presents the Company’s investment balance in each of its equity method investees by entity: (in thousands) September 30, 2019 December 31, 2018 September 30, 2018 The Andersons Albion Ethanol LLC $ 48,863 $ 50,382 $ 49,882 The Andersons Clymers Ethanol LLC 23,752 24,242 22,589 The Andersons Marathon Ethanol LLC 15,762 14,841 15,373 Lansing Trade Group, LLC (a) — 101,715 99,904 Thompsons Limited (a) — 48,987 50,280 Providence Grain Group Inc. 17,195 — — Other 11,776 2,159 2,322 Total $ 117,348 $ 242,326 $ 240,350 (a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the Company purchased the remaining equity of LTG. The transaction resulted in the consolidation of Thompsons Limited of Ontario, Canada and related entities, which LTG and the Company had equally owned. 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 September 30, 2019 2019 2018 2019 2018 The Andersons Albion Ethanol LLC 55% $ (1,671 ) $ 2,408 $ (1,292 ) $ 4,858 The Andersons Clymers Ethanol LLC 39% (1,427 ) 1,376 (152 ) 3,121 The Andersons Marathon Ethanol LLC 33% (532 ) 1,029 920 2,713 Lansing Trade Group, LLC (a) 100% (a) — 2,428 — 8,603 Thompsons Limited (a) 100% (a) — 35 — 1,345 Providence Grain Group Inc. 39% (454 ) — (2,297 ) — Other 5% - 51% 356 (51 ) 454 (39 ) Total $ (3,728 ) $ 7,225 $ (2,367 ) $ 20,601 (a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the company purchased the remaining equity of LTG. The transaction resulted in the consolidation of Thompsons Limited and related entities, which LTG and the Company had equally owned. The Company received $0.4 million from unconsolidated affiliates for the nine months ended September 30, 2019 and received $2.2 million for the nine months ended September 30, 2018 . In the third quarter of 2019, the Company did not have significant equity investees. In the third quarter of 2018, Lansing Trade Group qualified as significant equity investee of the Company under the income test. In January of 2019, the Company acquired the remaining equity of LTG and is now reflected in the consolidated results of the Company. Related Party Transactions In the ordinary course of business and on an arms-length basis, the Company will enter into related party transactions with each of the investments described above, along with other related parties. On March 2, 2018, the Company invested in ELEMENT, LLC. The Company owns 51% of ELEMENT, LLC and ICM, Inc. owns the remaining 49% interest. ELEMENT, LLC is constructing a 70 million -gallon-per-year bio-refinery. As part of the Company’s investment into ELEMENT, LLC, the Company and ICM, Inc. entered into several agreements with the entity. Most notably, ICM, Inc. will operate the facility under a management contract and manage the initial construction of the facility, while the Company will provide corn origination, ethanol marketing, and risk management services. The results of operations for ELEMENT, LLC have been included in the Company's consolidated results of operations beginning on March 2, 2018 and are a component of the Ethanol segment. The construction of the plant was substantially completed, and operations commenced in August of 2019. As of September 30, 2019 , approximately $5.2 million of remaining obligation is not yet incurred under a design build contract. 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) 2019 2018 2019 2018 Sales revenues $ 52,875 $ 82,394 $ 171,897 $ 278,974 Service fee revenues (a) 2,852 5,231 11,015 15,539 Purchases of product and capital assets 174,420 177,583 520,091 556,551 Lease income (b) 1,887 1,623 5,195 4,829 Labor and benefits reimbursement (c) 3,513 3,436 10,973 10,603 (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. (c) The Company provides all operational labor to the unconsolidated ethanol LLCs. (in thousands) September 30, 2019 December 31, 2018 September 30, 2018 Accounts receivable (d) $ 23,394 $ 17,829 $ 32,584 Accounts payable (e) 21,201 28,432 32,347 (d) Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees. (e) Accounts payable represents amounts due to related parties for purchases of ethanol and other various items. For the three months ended September 30, 2019 and 2018 , revenues recognized for the sale of ethanol and co-products that the Company purchased from the unconsolidated ethanol LLCs were $158.5 million and $161.9 million , respectively. For the nine months ended September 30, 2019 and 2018 , revenues recognized for the sale of ethanol and co-products that the Company purchased from the unconsolidated ethanol LLCs were $456.7 million and $480.4 million , respectively. The Company may enter into derivative contracts with certain of its related parties, including the unconsolidated ethanol LLCs, for the purchase and sale of grain or ethanol, for 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, 2019 , December 31, 2018 and September 30, 2018 were $ 0.4 million , $ 1.9 million and $ 6.8 million , respectively. The fair value of derivative contract liabilities with related parties as of September 30, 2019 , December 31, 2018 and September 30, 2018 were $ 2.6 million , $ 6.3 million and $ 7.2 million , respectively.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s operations include four reportable business segments that are distinguished primarily on the basis of products and services offered. The Trade business includes grain merchandising, the operation of terminal grain elevator facilities and, historically, the investments in LTG and Thompsons Limited. In January 2019, the Company acquired the remaining 67.5% of LTG equity that it did not already own. The transaction also resulted in the consolidation of Thompsons Limited of Ontario, Canada and related entities, which LTG and the Company jointly owned. The Company has evaluated its segment reporting structure as a result of the acquisition. The presentation includes a majority of the acquired business within the legacy Grain Group which has been renamed, Trade Group. The acquired ethanol trading business of LTG is included within the Ethanol Group. The Company also moved certain commission income and an elevator lease from the legacy Grain Group to the Ethanol Group to better align business segments. Prior year results have been recast to reflect this change. The Ethanol business purchases and sells ethanol, and provides risk management, origination and management services to ethanol production facilities. These facilities are organized as limited liability companies, two are consolidated and three are investments accounted for under the equity method. The Company performs a combination of these services under various contracts for these investments. The Plant Nutrient business manufactures and distributes agricultural inputs, primarily fertilizer, to dealers and farmers, along with turf care and corncob-based products. Rail operations include the leasing, marketing and fleet management of railcars and other assets, railcar repair and metal fabrication. The Other category includes other corporate level costs not attributable 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 revenue. Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Revenues from external customers Trade $ 1,580,157 $ 342,610 $ 4,944,483 $ 983,737 Ethanol 254,055 195,669 708,029 571,090 Plant Nutrient 109,446 104,188 508,548 542,911 Rail 39,097 43,112 123,528 134,982 Total $ 1,982,755 $ 685,579 $ 6,284,588 $ 2,232,720 Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Inter-segment sales Trade $ 242 $ 442 $ 1,054 $ 1,435 Plant Nutrient 892 — 2,186 — Rail 824 288 2,869 959 Total $ 1,958 $ 730 $ 6,109 $ 2,394 Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Income (loss) before income taxes, net of noncontrolling interest Trade $ (2,001 ) $ (9,914 ) $ 4,268 $ (2,453 ) Ethanol 949 10,353 6,169 20,703 Plant Nutrient (7,440 ) (7,976 ) 4,534 8,239 Rail 3,137 5,732 10,629 10,645 Other (6,094 ) (2,057 ) (15,599 ) (13,734 ) Income (loss) before income taxes, net of noncontrolling interest (11,449 ) (3,862 ) 10,001 23,400 Noncontrolling interests (1,633 ) 223 (2,265 ) (175 ) Income (loss) before income taxes $ (13,082 ) $ (3,639 ) $ 7,736 $ 23,225 (in thousands) September 30, 2019 December 31, 2018 September 30, 2018 Identifiable assets Trade $ 1,712,350 $ 964,079 $ 773,923 Ethanol 372,663 310,866 278,796 Plant Nutrient 376,615 403,780 415,314 Rail 679,056 590,407 564,227 Other 143,768 122,871 119,358 Total $ 3,284,452 $ 2,392,003 $ 2,151,618

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases The Company leases certain grain handling and storage facilities, ethanol storage terminals. warehouse space, railcars, locomotives, barges, office space, machinery and equipment, vehicles and information technology equipment under operating leases. Lease expense for these leases is recognized within the Consolidated Statements of Operations on a straight-line basis over the lease term, with variable lease payments recognized in the period those payments are incurred. The following table summarizes the amounts recognized in the Company's Condensed Consolidated Balance Sheet related to leases: (in thousands) Condensed Consolidated Balance Sheet Classification September 30, 2019 Assets Operating lease assets Right of use assets, net $ 70,773 Finance lease assets Property, plant and equipment, net 24,003 Finance lease assets Rail Group assets leased to others, net 17,136 Total leased assets $ 111,912 Liabilities Current operating leases Accrued expenses and other current liabilities 24,544 Non-current operating leases Long-term lease liabilities 47,299 Total operating lease liabilities $ 71,843 Current finance leases Current maturities of long-term debt 17,331 Non-current finance leases Long-term debt 21,925 Total finance lease liabilities $ 39,256 Total lease liabilities $ 111,099 The components of lease cost recognized within the Company's Condensed Consolidated Statement of Operations were as follows: (in thousands) Condensed Consolidated Statement of Operations Classification Three months ended September 30, 2019 Nine months ended September 30, 2019 Lease cost: Operating lease cost Cost of sales and merchandising revenues $ 5,761 $ 18,881 Operating lease cost Operating, administrative and general expenses 3,417 10,251 Finance lease cost Amortization of right-of-use assets Operating, administrative and general expenses 443 1,042 Interest expense on lease liabilities Interest expense 236 779 Other lease cost (a) Cost of sales and merchandising revenues 193 731 Other lease cost (a) Operating, administrative and general expenses 61 201 Total lease cost $ 10,111 $ 31,885 (a) Other lease cost includes short-term lease costs and variable lease costs. The Company often has the option to renew lease terms for buildings and other assets. The exercise of a lease renewal option is generally at the sole discretion of the Company. In addition, certain lease agreements may be terminated prior to their original expiration date at the discretion of the Company. Each renewal and termination option is evaluated at the lease commencement date to determine if the Company is reasonably certain to exercise the option on the basis of economic factors. The table below summarizes the weighted average remaining lease terms as of September 30, 2019 . Weighted Average Remaining Lease Term Operating leases 4.2 years Finance leases 6.9 years The discount rate implicit within our leases is generally not determinable and therefore the Company determines the discount rate based on its incremental borrowing rate. The incremental borrowing rate for each lease is determined based on its term and the currency in which lease payments are made, adjusted for the impacts of collateral. The table below summarizes the weighted average discount rate used to measure the Company's lease liabilities as of September 30, 2019 . Weighted Average Discount Rate Operating leases 4.16 % Finance leases 3.78 % Supplemental Cash Flow Information Related to Leases (in thousands) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 24,982 Operating cash flows from finance leases 405 Financing cash flows from finance leases 973 Right-of-use assets obtained in exchange for lease obligations: Operating leases 6,365 Finance leases 16,498 Maturity Analysis of Leases Liabilities September 30, 2019 (in thousands) Operating Leases Finance Leases Total 2019 (excluding the nine months ended September 30, 2019) $ 8,612 $ 1,140 $ 9,752 2020 23,210 17,613 40,823 2021 16,635 2,334 18,969 2022 11,613 2,341 13,954 2023 7,664 2,342 10,006 Thereafter 10,748 18,184 28,932 Total lease payments $ 78,482 $ 43,954 $ 122,436 Less: interest 6,639 4,698 11,337 Total $ 71,843 $ 39,256 $ 111,099
Leases	Leases The Company leases certain grain handling and storage facilities, ethanol storage terminals. warehouse space, railcars, locomotives, barges, office space, machinery and equipment, vehicles and information technology equipment under operating leases. Lease expense for these leases is recognized within the Consolidated Statements of Operations on a straight-line basis over the lease term, with variable lease payments recognized in the period those payments are incurred. The following table summarizes the amounts recognized in the Company's Condensed Consolidated Balance Sheet related to leases: (in thousands) Condensed Consolidated Balance Sheet Classification September 30, 2019 Assets Operating lease assets Right of use assets, net $ 70,773 Finance lease assets Property, plant and equipment, net 24,003 Finance lease assets Rail Group assets leased to others, net 17,136 Total leased assets $ 111,912 Liabilities Current operating leases Accrued expenses and other current liabilities 24,544 Non-current operating leases Long-term lease liabilities 47,299 Total operating lease liabilities $ 71,843 Current finance leases Current maturities of long-term debt 17,331 Non-current finance leases Long-term debt 21,925 Total finance lease liabilities $ 39,256 Total lease liabilities $ 111,099 The components of lease cost recognized within the Company's Condensed Consolidated Statement of Operations were as follows: (in thousands) Condensed Consolidated Statement of Operations Classification Three months ended September 30, 2019 Nine months ended September 30, 2019 Lease cost: Operating lease cost Cost of sales and merchandising revenues $ 5,761 $ 18,881 Operating lease cost Operating, administrative and general expenses 3,417 10,251 Finance lease cost Amortization of right-of-use assets Operating, administrative and general expenses 443 1,042 Interest expense on lease liabilities Interest expense 236 779 Other lease cost (a) Cost of sales and merchandising revenues 193 731 Other lease cost (a) Operating, administrative and general expenses 61 201 Total lease cost $ 10,111 $ 31,885 (a) Other lease cost includes short-term lease costs and variable lease costs. The Company often has the option to renew lease terms for buildings and other assets. The exercise of a lease renewal option is generally at the sole discretion of the Company. In addition, certain lease agreements may be terminated prior to their original expiration date at the discretion of the Company. Each renewal and termination option is evaluated at the lease commencement date to determine if the Company is reasonably certain to exercise the option on the basis of economic factors. The table below summarizes the weighted average remaining lease terms as of September 30, 2019 . Weighted Average Remaining Lease Term Operating leases 4.2 years Finance leases 6.9 years The discount rate implicit within our leases is generally not determinable and therefore the Company determines the discount rate based on its incremental borrowing rate. The incremental borrowing rate for each lease is determined based on its term and the currency in which lease payments are made, adjusted for the impacts of collateral. The table below summarizes the weighted average discount rate used to measure the Company's lease liabilities as of September 30, 2019 . Weighted Average Discount Rate Operating leases 4.16 % Finance leases 3.78 % Supplemental Cash Flow Information Related to Leases (in thousands) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 24,982 Operating cash flows from finance leases 405 Financing cash flows from finance leases 973 Right-of-use assets obtained in exchange for lease obligations: Operating leases 6,365 Finance leases 16,498 Maturity Analysis of Leases Liabilities September 30, 2019 (in thousands) Operating Leases Finance Leases Total 2019 (excluding the nine months ended September 30, 2019) $ 8,612 $ 1,140 $ 9,752 2020 23,210 17,613 40,823 2021 16,635 2,334 18,969 2022 11,613 2,341 13,954 2023 7,664 2,342 10,006 Thereafter 10,748 18,184 28,932 Total lease payments $ 78,482 $ 43,954 $ 122,436 Less: interest 6,639 4,698 11,337 Total $ 71,843 $ 39,256 $ 111,099

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
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 Company recorded a $5.0 million reserve relating to an outstanding non-regulatory litigation claim, based upon preliminary settlement negotiations in the first quarter of 2019. The claim is in response to penalties and fines paid to regulatory entities by LTG in 2018 for the settlement of matters which focused on certain trading activity.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2019
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, 2019 and 2018 are as follows: Nine months ended September 30, (in thousands) 2019 2018 Supplemental disclosure of cash flow information Interest paid $ 47,164 $ 23,327 Noncash investing and financing activity Equity issued in conjunction with acquisition 127,841 — Removal of pre-existing equity method investment (159,459 ) — Purchase price holdback/ other accrued liabilities 29,956 — Dividends declared not yet paid 5,547 4,663 Debt resulting from accounting standard adoption — 36,953 Railcar assets and liabilities resulting from accounting standard adoption — 25,643 Capital projects incurred but not yet paid 8,245 13,941

Business Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Business Acquisitions	Business Acquisition Effective January 1, 2019, the Company completed its acquisition of the remaining 67.5% equity of LTG. The transaction resulted in the consolidation of Thompsons Limited of Ontario, Canada and related entities as they were jointly owned by the Company and LTG in equal portions. Total consideration paid by the Company to complete the acquisition of LTG was $328.9 million . The Company paid $171.1 million in cash, which includes preliminary working capital adjustments of $30.0 million , and issued 4.4 million unregistered shares valued at $127.8 million based upon the stock price of the Company at the date of the acquisition. The purchase price allocation is preliminary, pending completion of the full valuation report, finalization of deferred income taxes and a final working capital adjustment. A summarized preliminary purchase price allocation is as follows: (in thousands) Cash consideration paid $ 171,147 Equity consideration 127,841 Purchase price holdback/ other accrued liabilities 29,956 Total purchase price consideration $ 328,944 The preliminary purchase price allocation at January 1, 2019, is as follows: (in thousands) Cash and cash equivalents $ 21,525 Accounts receivable 320,467 Inventories 456,963 Commodity derivative assets - current 82,595 Other current assets 27,474 Commodity derivative assets - noncurrent 13,576 Goodwill 129,848 Other intangible assets 106,600 Right of use asset 37,894 Equity method investments 28,728 Other assets, net 5,582 Property, plant and equipment, net 171,820 $ 1,403,072 Short-term debt 218,901 Trade and other payables 303,321 Commodity derivative liabilities - current 29,024 Customer prepayments and deferred revenue 99,530 Accrued expense and other current liabilities 64,512 Other long-term liabilities, including commodity derivative liabilities - noncurrent 3,175 Long-term lease liabilities 21,193 Long-term debt, including current maturities 161,688 Deferred income taxes 14,403 $ 915,747 Fair value of acquired assets and assumed liabilities $ 487,325 Removal of preexisting ownership interest, including associated cumulative translation adjustment (159,459 ) Pretax loss on derecognition of preexisting ownership interest 1,078 Total purchase price consideration $ 328,944 The goodwill recognized as a result of the LTG acquisition is $129.8 million and is allocated to the Trade Group segment. A portion of the goodwill is expected to be deductible for tax purposes. The goodwill recognized is primarily attributable to the addition of an assembled workforce and complementary assets with greater scale that significantly expands the Company's reach in the agricultural marketplace. Details of the intangible assets acquired are as follows: (in thousands) Estimated useful life Customer relationships $ 86,300 10 years Noncompete agreements 20,300 3 years Total other intangible assets $ 106,600 8 years * *weighted average number of years Pro Forma Financial Information The summary pro forma financial information for the periods presented below gives effect to the LTG acquisition as if it had occurred at January 1, 2018. Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Net sales $ 1,982,755 2,020,746 $ 6,284,588 6,282,656 Net income (5,869 ) 2,934 13,364 35,004 Pro forma net income was also adjusted to account for the tax effects of the pro forma adjustments noted above using a statutory tax rate of 25% . The amount of LTG’s and Thompsons’ revenue and earnings included in the Company’s consolidated statement of operations for the period ended September 30, 2019 are not practicable to determine given the level of integration of LTG and Thompsons into the Company’s operations effective January 1, 2019.

Goodwill

Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2019 are as follows: (in thousands) Trade Plant Nutrient Rail Total Balance as of January 1, 2019 $ 1,171 $ 686 $ 4,167 $ 6,024 Acquisitions (a) 129,848 — — 129,848 Balance as of September 30, 2019 $ 131,019 $ 686 $ 4,167 $ 135,872 (a) Acquisitions represent the LTG acquisition's preliminary goodwill allocation. Although substantially all of the Company’s goodwill as of September 30, 2019 resulted from the current year acquisition of LTG and is still preliminary, as part of the Company's on-going assessment of goodwill at September 30, 2019, management determined that a triggering event occurred due to the Company's market capitalization being less than the carrying value, resulting from the significant decline in the Company's share price during the quarter. Thus, an interim impairment test was performed over the Company's goodwill as well as its other intangible and long-lived assets. Based on the results of the impairment test, none of the Company's reportable segments recorded an impairment charge. When performing our test for impairment, we measured each reporting unit's fair value using a combination of income and market approaches. The income approach calculates the fair value of the reporting unit based on a discounted cash flow analysis, incorporating the weighted average cost of capital of a hypothetical third-party buyer. Significant estimates in the income approach include the following: discount rate; expected financial outlook and profitability of the reporting unit's business (all Level 3 inputs in the fair value hierarchy). Discount rates use the weighted average cost of capital for companies within our peer group, adjusted for specific company risk premium factors. The market approach uses the "Guideline Company" method, which calculates the fair value of the reporting unit based on a comparison of the reporting unit to comparable publicly traded companies. Significant estimates in the market approach model include identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment, assessing comparable multiples, as well as consideration of control premiums. The blended approach assigns an equal weighting to each approach. The blended fair value of both approaches is then compared to the carrying value, and to the extent that fair value exceeds the carrying value, no impairment exists. However, to the extent the carrying value exceeds the fair value, an impairment is recorded. While two reporting units within the Trade group have fair value exceeding their carrying values by less than 10%, substantially all the goodwill relates to the recent LTG acquisition. Due to similar assumptions used to calculate the fair value for this test and those used in the initial purchase price allocation, the narrow cushions are consistent with expectations. However, as the fair value is highly sensitive to changes in assumptions, including interest rates and outlook for future volume and margins, general trends in the business and/or macro-economic factors could cause the estimated fair value of the reporting units to fall below their carrying values.

Exit Costs and Assets Held for

Exit Costs and Assets Held for Sale	9 Months Ended
	Sep. 30, 2019
Restructuring and Related Activities [Abstract]
Exit Costs and Assets Held for Sale	Exit Costs and Assets Held for Sale The Company classified $0.6 million of property, plant and equipment as assets held for sale on the Condensed Consolidated Balance Sheet at September 30, 2019 . These assets are primarily comprised of plant nutrient assets that were sold subsequent to the end of the third quarter for a nominal gain. The Company classified $29.5 million of Property, plant and equipment as Assets held for sale on the Condensed Consolidated Balance Sheet at September 30, 2018 . This includes $25.1 million of Rail Group assets, which is primarily comprised of barges. Additionally, property, plant and equipment of $4.4 million was classified as held for sale including $4.2 million of Retail store assets and $0.2 million relating to administrative offices at an outlying location in the Plant Nutrient Group.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 1, 2019, the Company entered into a definitive agreement to merge The Andersons Albion Ethanol LLC, The Andersons Clymers Ethanol LLC, The Andersons Marathon Ethanol LLC and the Company's wholly-owned The Andersons Denison Ethanol LLC into a new legal entity named The Andersons Marathon Holdings LLC ("TAMH"). As a result of the merger, The Andersons and Marathon will own 50.1% and 49.9% of TAMH equity, respectively. The transaction will result in the consolidation of TAMH’s results in the Company's financial statements effective October 1, 2019. Effective October 1, 2019, in conjunction with the merger noted above, TAMH entered into a credit agreement that includes a $70 million term note and a $130 million revolving credit facility. Borrowings under the credit agreement bear interest at variable interest rates, which are based on LIBOR plus an applicable spread. Payments on the term loan will be made on a quarterly basis. On October 2, 2019, the Company closed on the sale of its farm center assets in Bay City, Michigan. A pretax gain of $2.9 million will be realized in the fourth quarter of 2019. During the fourth quarter, the Company reached an agreement to sell the agronomy assets of Thompsons Limited, a wholly owned subsidiary in Ontario, Canada, to Sylvite Holdings Inc. of Burlington, Ontario. The sale is expected to close in the fourth quarter. The Andersons will continue to own and operate Thompsons' grain storage and food processing facilities in Ontario.

Basis of Presentation and Con_2

Basis of Presentation and Consolidation (Policies)	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	New Accounting Standards Leasing In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") (No. 2016-02, Leases (ASC 842). The FASB issued subsequent amendments to the initial guidance in July 2018 with ASU 2018-10 and in August 2018 with ASU 2018-11. ASC 842 supersedes the current accounting for leases. The new standard, while retaining two distinct types of leases, finance and operating, (i) requires lessees to record a right of use asset and a related liability for the rights and obligations associated with a lease, regardless of lease classification, and recognize lease expense in a manner similar to current accounting, (ii) eliminates current real estate specific lease provisions, (iii) modifies the lease classification criteria and (iv) aligns many of the underlying lessor model principles with those in the new revenue standard. Effective January 1, 2019, the Company adopted the standard using the Comparative Under ASC 840 method, which requires lease assets and liabilities to be recognized in the 2019 balance sheet and statement of equity and forgo the comparative reporting requirements under the modified retrospective transition method. The Company also made an accounting policy election to keep short-term leases less than twelve months off the balance sheet for all classes of underlying assets, as well as elected to use the practical expedient that allows the combination of lease and non-lease contract components in all of its underlying asset categories. In addition, the Company elected to apply the package of practical expedients that allows entities to forego reassessing at the transition date: (1) whether any expired or existing contracts are or contain leases; (2) lease classification for any expired or existing leases; and (3) whether unamortized initial direct costs for existing leases meet the definition of initial direct costs under the new guidance. See Note 14 for additional information. Other applicable standards In August 2018, the FASB issued ASU No. 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. This ASU reduces the complexity of accounting for costs of implementing a cloud computing service arrangement. This standard aligns the accounting for implementation costs of hosting arrangements, regardless of whether they convey a license to the hosted software. The guidance is effective for fiscal years beginning after December 15, 2019. We have evaluated the impact of this new standard on our consolidated financial statements noting it is not material. Early adoption is permitted, but the Company does not plan to do so. In February 2018, the FASB issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows companies to reclassify stranded income tax effects resulting from the Tax Cuts and Jobs Act from accumulated other comprehensive income to retained earnings in their consolidated financial statements. The Company adopted this standard in the current year which did not have a material impact on its financial statements or disclosures. In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. The FASB issued subsequent amendments to the initial guidance in November 2018, April 2019 and May 2019 with ASU 2018-19, ASU 2019-04 and ASU 2019-05, respectively. This update changes the accounting for credit losses on loans and held-to-maturity debt securities and requires a current expected credit loss (CECL) approach to determine the allowance for credit losses. This includes allowances for trade receivables. We have evaluated the impact of this new standard on our consolidated financial statements noting it is not expected to be material. The guidance is effective for fiscal years beginning after December 15, 2019 with a cumulative-effect adjustment to retained earnings as of the beginning of the year of adoption. Early adoption is permitted, but the Company does not plan to do so.

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory, Net [Abstract]
Classes of inventories	Major classes of inventories are as follows: (in thousands) September 30, December 31, September 30, Grain and other agricultural products $ 560,626 $ 527,471 $ 324,232 Frac sand and propane 14,592 — — Ethanol and co-products 26,218 11,918 15,419 Plant nutrients and cob products 133,839 145,693 145,363 Railcar repair parts 5,811 5,722 5,317 Total Inventories $ 741,086 $ 690,804 $ 490,331

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Components of property, plant and equipment	The components of Property, plant and equipment, net are as follows: (in thousands) September 30, December 31, September 30, Land $ 39,393 $ 29,739 $ 29,545 Land improvements and leasehold improvements 95,720 68,826 68,859 Buildings and storage facilities 354,625 284,998 282,826 Machinery and equipment 608,831 393,640 380,109 Construction in progress 54,163 102,394 65,539 1,152,732 879,597 826,878 Less: accumulated depreciation 449,336 402,886 392,373 Property, plant and equipment, net $ 703,396 $ 476,711 $ 434,505
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 $ 699,972 $ 640,349 $ 576,622 Less: accumulated depreciation 134,226 118,564 111,846 Rail Group assets, net $ 565,746 $ 521,785 $ 464,776

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt	Short-term and long-term debt at September 30, 2019 , December 31, 2018 and September 30, 2018 consisted of the following: (in thousands) September 30, December 31, September 30, Short-term Debt – Non-Recourse (a) $ 35,278 $ — $ — Short-term Debt – Recourse 102,971 205,000 132,000 Total Short-term Debt $ 138,249 $ 205,000 $ 132,000 Current Maturities of Long-term Debt – Non-Recourse (b) $ 9,835 $ 4,842 $ 3,772 Current Maturities of Long-term Debt – Recourse (c) 39,733 16,747 11,905 Finance lease liability (d) 17,331 — — Total Current Maturities of Long-term Debt $ 66,899 $ 21,589 $ 15,677 Long-term Debt, Less: Current Maturities – Non-Recourse (b) $ 242,895 $ 146,353 $ 77,114 Long-term Debt, Less: Current Maturities – Recourse (c) 703,297 349,834 360,166 Finance lease liability (d) 21,925 — — Total Long-term Debt, Less: Current Maturities $ 968,117 $ 496,187 $ 437,280 (a) In conjunction with the Lansing Trade Group ("LTG") acquisition, the Company assumed a revolving line of credit and a term loan with a syndicate of banks, which are non-recourse to the Company. The credit agreement provides the Company with a maximum availability of $181.2 million and had $146.0 million available for borrowing on this line of credit as of September 30, 2019 . Any borrowings under the line of credit bear interest at variable rates, which are based on LIBOR or Bankers’ Acceptances plus an applicable spread. The maturity date for the revolving line of credit is June 26, 2023. (b) In conjunction with the LTG acquisition, the Company also assumed a term loan with a syndicate of banks. The term loan had a balance of $32.9 million at September 30, 2019 . Interest rates for the term loans were 4.45% as of September 30, 2019 and are based on LIBOR plus an applicable spread. Payments of $0.6 million are made on a quarterly basis. (c) On January 11, 2019 the Company entered into a 5 -year term loan in the amount of $250 million and a 7 -year term loan of $250 million . A portion of the term loans were used to pay down debt assumed in the LTG acquisition. Interest rates are based on LIBOR plus an applicable spread. At September 30, 2019, the interest rates for the 5 -year and 7 -year term loan were 3.77% and 4.02% , respectively. Payments on the term loans will be made on a quarterly basis. (d) See Note 14, Leases, for additional information. September 30, 2019 balances include the former build-to-suit lease that was reclassed from other current liabilities and other long-term liabilities as a result of the adoption of ASC 842.

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 December 31, 2018 September 30, 2018 (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) $ 23,997 $ — $ 14,944 $ — $ 14,942 $ — Fair value of derivatives 10,199 — 22,285 — 36,653 — Balance at end of period $ 34,196 $ — $ 37,229 $ — $ 51,595 $ —
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, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 122,462 $ 1,951 $ 5,715 $ 67 $ 130,195 Commodity derivative liabilities (29,566 ) (8 ) (69,704 ) (2,027 ) (101,305 ) Cash collateral paid (received) 27,614 — (3,617 ) — 23,997 Balance sheet line item totals $ 120,510 $ 1,943 $ (67,606 ) $ (1,960 ) $ 52,887 December 31, 2018 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 43,463 $ 484 $ 706 $ 5 $ 44,658 Commodity derivative liabilities (6,986 ) (4 ) (33,353 ) (894 ) (41,237 ) Cash collateral (received) 14,944 — — — 14,944 Balance sheet line item totals $ 51,421 $ 480 $ (32,647 ) $ (889 ) $ 18,365 September 30, 2018 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 69,957 $ 767 $ 731 $ 38 $ 71,493 Commodity derivative liabilities (8,038 ) (1 ) (92,134 ) (2,586 ) (102,759 ) Cash collateral (received) 14,942 — — — 14,942 Balance sheet line item totals $ 76,861 $ 766 $ (91,403 ) $ (2,548 ) $ (16,324 )
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, 2019 , December 31, 2018 and September 30, 2018 : September 30, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 653,757 — — — Soybeans 46,895 — — — Wheat 90,598 — — — Oats 36,365 — — — Ethanol — 256,815 — — Corn oil — — 5,022 — Other 15,196 6,150 363 3,178 Subtotal 842,811 262,965 5,385 3,178 Exchange traded: Corn 280,890 — — — Soybeans 58,980 — — — Wheat 75,345 — — — Oats 735 — — — Ethanol — 145,769 — — Propane — 12,516 — — Other — 3 — 289 Subtotal 415,950 158,288 — 289 Total 1,258,761 421,253 5,385 3,467 December 31, 2018 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 250,408 — — — Soybeans 22,463 — — — Wheat 14,017 — — — Oats 26,230 — — — Ethanol — 244,863 — — Corn oil — — 2,920 — Other 494 2,000 — 66 Subtotal 313,612 246,863 2,920 66 Exchange traded: Corn 130,585 — — — Soybeans 26,985 — — — Wheat 33,760 — — — Oats 1,475 — — — Ethanol — 77,112 — — Subtotal 192,805 77,112 — — Total 506,417 323,975 2,920 66 September 30, 2018 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 277,774 — — — Soybeans 45,755 — — — Wheat 7,948 — — — Oats 31,155 — — — Ethanol — 230,813 — — Corn oil — — 2,560 — Other — 1,000 115 Subtotal 362,632 231,813 2,560 115 Exchange traded: Corn 123,250 — — — Soybeans 31,855 — — — Wheat 44,130 — — — Oats 1,005 — — — Ethanol — 92,274 — — Subtotal 200,240 92,274 — — Total 562,872 324,087 2,560 115
Company's Condensed Consolidated Statement of Income gains and location of line items	The net pretax gains and losses on commodity derivatives not designated as hedging instruments included in the Company’s Condensed Consolidated Statements of Operations and the line item in which they are located for the three and nine months ended September 30, 2019 and 2018 are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Gains (losses) on commodity derivatives included in cost of sales and merchandising revenues $ (27,586 ) $ (51,059 ) $ 25,469 $ (30,451 ) The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense) $ (36 ) $ 521 $ (972 ) $ 1,662 Foreign currency derivative gains (losses) included in Other income, net $ (615 ) $ 372 $ (684 ) $ (1,163 ) Derivatives designated as hedging instruments Interest rate derivative gains (losses) included in Other Comprehensive Income (Loss) $ (3,798 ) $ 159 $ (16,547 ) $ 226 Interest rate derivatives gains (losses) included in Interest income (expense) $ (224 ) $ 54 $ (243 ) $ 126
Schedule of Fair Value of Interest Rate Derivative Liabilities	At September 30, 2019 , December 31, 2018 and September 30, 2018 , the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) September 30, 2019 December 31, 2018 September 30, 2018 Derivatives not designated as hedging instruments Interest rate contracts included in Other long-term assets (Other long-term liabilities) $ (1,261 ) $ (353 ) $ 193 Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) $ 115 $ (1,122 ) $ (737 ) Derivatives designated as hedging instruments Interest rate contracts included in Other current assets (Accrued expenses and other current liabilities) $ (2,981 ) $ — $ — Interest rate contracts included in Other long-term assets (Other long-term liabilities) $ (13,649 ) $ (168 ) $ 227
Schedule of Outstanding Interest Rate Derivatives	Outstanding interest rate derivatives, as of September 30, 2019 , are as follows: Interest Rate Hedging Instrument Year Entered Year of Maturity Initial Notional Amount (in millions) Description Interest Rate Long-term Swap 2014 2023 $ 23.0 Interest rate component of debt - not accounted for as a hedge 1.9% Collar 2016 2021 $ 40.0 Interest rate component of debt - not accounted for as a hedge 3.5% to 4.8% Swap * 2017 2022 $ 20.0 Interest rate component of debt - accounted for as a hedge 1.8% Swap * 2018 2023 $ 10.0 Interest rate component of debt - accounted for as a hedge 2.6% Swap * 2018 2025 $ 20.0 Interest rate component of debt - accounted for as a hedge 2.7% Swap 2018 2021 $ 40.0 Interest rate component of debt - accounted for as a hedge 2.6% Swap 2019 2021 $ 25.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2021 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2025 $ 100.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.5% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.5% * Acquired on 1/1/2019 in conjunction with the acquisition of LTG.

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2019
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 postretirement benefit plans maintained by the Company for the three and nine months ended September 30, 2019 and 2018 : Pension Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Interest cost $ 29 $ 33 $ 87 $ 98 Recognized net actuarial loss 58 61 174 183 Benefit cost $ 87 $ 94 $ 261 $ 281
Postretirement Benefits
Employee Benefit Plans [Line Items]
Schedule of Defined Benefit Plans Disclosures	Postretirement Benefits (in thousands) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Service cost $ 68 $ 81 $ 206 $ 243 Interest cost 214 188 641 565 Amortization of prior service cost (228 ) (227 ) (684 ) (683 ) Benefit cost $ 54 $ 42 $ 163 $ 125

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Breakdown of Revenues between ASC 606	The breakdown of revenues between ASC 606 and other standards is as follows: Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Revenues under ASC 606 $ 273,945 $ 156,394 $ 1,083,383 $ 706,927 Revenues under ASC 842 26,418 25,853 87,122 78,110 Revenues under ASC 815 1,682,392 503,332 5,114,083 1,447,683 Total Revenues $ 1,982,755 $ 685,579 $ 6,284,588 $ 2,232,720
Schedule of Disaggregation of Revenues	The following tables disaggregate revenues under ASC 606 by major product/service line for the three and nine months ended September 30, 2019 and 2018 , respectively: Three months ended September 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 9,840 $ — $ 35,182 $ — $ 45,022 Primary nutrients 4,610 — 66,733 — 71,343 Services 2,507 3,187 1,275 9,719 16,688 Products and co-products 48,158 34,655 — — 82,813 Frac sand and propane 47,188 — — — 47,188 Other 2,159 163 6,256 2,313 10,891 Total $ 114,462 $ 38,005 $ 109,446 $ 12,032 $ 273,945 Three months ended September 30, 2018 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 36,856 $ — $ 36,856 Primary nutrients — — 60,460 — 60,460 Service 2,232 3,533 877 8,925 15,567 Co-products — 29,282 — — 29,282 Other 245 — 5,996 7,988 14,229 Total $ 2,477 $ 32,815 $ 104,189 $ 16,913 $ 156,394 Nine months ended September 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 45,648 $ — $ 191,247 $ — $ 236,895 Primary nutrients 27,401 — 294,729 — 322,130 Service 11,077 10,170 3,133 28,944 53,324 Products and Co-products 166,859 88,170 — — 255,029 Frac sand and propane 184,418 — — — 184,418 Other 5,860 198 19,439 6,090 31,587 Total $ 441,263 $ 98,538 $ 508,548 $ 35,034 $ 1,083,383 Nine months ended September 30, 2018 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 206,215 $ — $ 206,215 Primary nutrients — — 313,967 — 313,967 Service 8,386 10,483 3,498 26,350 48,717 Co-products — 88,390 — — 88,390 Other 747 — 19,231 29,660 49,638 Total $ 9,133 $ 98,873 $ 542,911 $ 56,010 $ 706,927
Schedule of Opening and Closing Balances of Company's Contract Assets and Liabilities	The opening and closing balances of the Company’s contract liabilities are as follows: (in thousands) 2019 2018 Balance at January 1, $ 28,858 $ 25,520 Balance at March 31, 146,824 67,715 Balance at June 30, 48,225 10,047 Balance at September 30, 34,306 29,836

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 and 2018 : Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended September 30, 2019 Nine months ended September 30, 2019 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning Balance $ (9,700 ) $ (976 ) $ 258 $ 4,177 $ (6,241 ) $ (126 ) $ (11,550 ) $ 258 $ 5,031 $ (6,387 ) Other comprehensive loss before reclassifications (3,049 ) 1,600 — 44 $ (1,405 ) (12,759 ) 508 — (468 ) (12,719 ) Amounts reclassified from accumulated other comprehensive income (loss) (b) 197 — — (171 ) $ 26 333 11,666 — (513 ) 11,486 Net current-period other comprehensive income (loss) (2,852 ) 1,600 — (127 ) (1,379 ) (12,426 ) 12,174 — (981 ) (1,233 ) Ending balance $ (12,552 ) $ 624 $ 258 $ 4,050 $ (7,620 ) $ (12,552 ) $ 624 $ 258 $ 4,050 $ (7,620 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. (b) Reflects foreign currency translation adjustments attributable to the consolidation of Thompsons Limited as summarized in Note 17. Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended September 30, 2018 Nine months ended September 30, 2018 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning Balance $ 51 $ (9,989 ) $ 257 $ 4,334 $ (5,347 ) $ — $ (7,716 ) $ 344 $ 4,672 $ (2,700 ) Other comprehensive income (loss) before reclassifications 65 993 — 39 1,097 44 (1,280 ) (87 ) 37 (1,286 ) Amounts reclassified from accumulated other comprehensive loss 54 — — (168 ) (114 ) 126 — — (504 ) (378 ) Net current-period other comprehensive income (loss) 119 993 — (129 ) 983 170 (1,280 ) (87 ) (467 ) (1,664 ) Ending balance $ 170 $ (8,996 ) $ 257 $ 4,205 $ (4,364 ) $ 170 $ (8,996 ) $ 257 $ 4,205 $ (4,364 )
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended September 30, 2019 Nine months ended September 30, 2019 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 $ (228 ) (b) $ (684 ) (b) (228 ) Total before tax (684 ) Total before tax 57 Income tax provision 171 Income tax provision $ (171 ) Net of tax $ (513 ) Net of tax Cash Flow Hedges Interest payments $ 263 Interest expense $ 445 Interest expense 263 Total before tax 445 Total before tax (66 ) Income tax provision (112 ) Income tax provision $ 197 Net of tax $ 333 Net of tax Foreign Currency Translation Adjustment Realized loss on pre-existing investment $ — Other income, net $ 11,666 Other income, net — Total before tax 11,666 Total before tax — Income tax provision — Income tax provision $ — Net of tax $ 11,666 Net of tax Total reclassifications for the period $ 26 Net of tax $ 11,486 Net of tax Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended September 30, 2018 Nine months ended September 30, 2018 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 $ (228 ) (b) $ (684 ) (b) (228 ) Total before tax (684 ) Total before tax 60 Income tax provision 180 Income tax provision $ (168 ) Net of tax $ (504 ) Net of tax Cash Flow Hedges Interest payments $ 73 Interest expense $ 171 Interest expense 73 Total before tax 171 Total before tax (19 ) Income tax provision (45 ) Income tax provision $ 54 Net of tax $ 126 Net of tax Total reclassifications for the period $ (114 ) Net of tax $ (378 ) 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, 2019
Earnings Per Share [Abstract]
Earnings per share	(in thousands, except per common share data) Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Net income (loss) attributable to The Andersons, Inc. $ (4,237 ) $ (2,098 ) $ 11,658 $ 17,732 Earnings per share – basic: Weighted average shares outstanding – basic 32,626 28,263 32,550 28,254 Earnings per common share – basic $ (0.13 ) $ (0.07 ) $ 0.36 $ 0.63 Earnings per share – diluted: Weighted average shares outstanding – basic 32,626 28,263 32,550 28,254 Effect of dilutive awards — — 484 233 Weighted average shares outstanding – diluted 32,626 28,263 33,034 28,487 Earnings per common share – diluted $ (0.13 ) $ (0.07 ) $ 0.35 $ 0.62

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 , December 31, 2018 and September 30, 2018 : (in thousands) September 30, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 34,196 $ 18,691 $ — $ 52,887 Provisionally priced contracts (b) (79,757 ) (23,535 ) — (103,292 ) Convertible preferred securities (c) — — 8,404 8,404 Other assets and liabilities (d) 5,603 (17,891 ) — (12,288 ) Total $ (39,958 ) $ (22,735 ) $ 8,404 $ (54,289 ) (in thousands) December 31, 2018 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 37,229 $ (18,864 ) $ — $ 18,365 Provisionally priced contracts (b) (76,175 ) (58,566 ) — (134,741 ) Convertible preferred securities (c) — — 7,154 7,154 Other assets and liabilities (d) 5,186 (353 ) — 4,833 Total $ (33,760 ) $ (77,783 ) $ 7,154 $ (104,389 ) (in thousands) September 30, 2018 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 51,595 $ (67,919 ) $ — $ (16,324 ) Provisionally priced contracts (b) (55,697 ) (23,136 ) — (78,833 ) Convertible preferred securities (c) — — 7,154 7,154 Other assets and liabilities (d) 5,988 193 — 6,181 Total $ 1,886 $ (90,862 ) $ 7,154 $ (81,822 ) (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 assets held in rabbi trusts to fund deferred compensation plans, ethanol risk management contracts, and foreign exchange derivative contracts (Level 1), and interest rate derivatives (Level 2).
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: Convertible Preferred Securities (in thousands) 2019 2018 Assets (liabilities) at January 1, $ 7,154 $ 7,388 Additional Investments 250 — Assets (liabilities) at March 31, $ 7,404 $ 7,388 Additional investments 1,000 100 Asset (liabilities) at June 30, $ 8,404 $ 7,488 Gains (losses) included in earnings — 5,080 Additional Investments — 986 Sale proceeds — (6,400 ) Asset (liability) at September 30, $ 8,404 $ 7,154
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, 2019 , December 31, 2018 and September 30, 2018 : Quantitative Information about Level 3 Fair Value Measurements (in thousands) Fair Value as of September 30, 2019 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 8,404 Implied based on market prices N/A N/A (in thousands) Fair Value as of December 31, 2018 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 7,154 Implied based on market prices N/A N/A (in thousands) Fair Value as of September 30, 2018 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 7,154 Implied based on market prices N/A N/A (a) The Company considers observable price changes and other additional market data available to estimate fair value, including additional capital raising, internal valuation models, progress towards key business milestones, and other relevant market data points.
Fair value of long-term debt estimated using quoted market prices or discounted future cash flows	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 $ 1,046,063 $ 517,998 $ 445,342 Fair value in excess of carrying value (a) 11,047 5,813 11,629 (a) Carrying value used for this purpose excludes unamortized debt issuance costs.

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 December 31, 2018 September 30, 2018 The Andersons Albion Ethanol LLC $ 48,863 $ 50,382 $ 49,882 The Andersons Clymers Ethanol LLC 23,752 24,242 22,589 The Andersons Marathon Ethanol LLC 15,762 14,841 15,373 Lansing Trade Group, LLC (a) — 101,715 99,904 Thompsons Limited (a) — 48,987 50,280 Providence Grain Group Inc. 17,195 — — Other 11,776 2,159 2,322 Total $ 117,348 $ 242,326 $ 240,350 (a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the Company purchased the remaining equity of LTG. The transaction resulted in the consolidation of Thompsons Limited of Ontario, Canada and related entities, which LTG and the Company had equally owned.
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 September 30, 2019 2019 2018 2019 2018 The Andersons Albion Ethanol LLC 55% $ (1,671 ) $ 2,408 $ (1,292 ) $ 4,858 The Andersons Clymers Ethanol LLC 39% (1,427 ) 1,376 (152 ) 3,121 The Andersons Marathon Ethanol LLC 33% (532 ) 1,029 920 2,713 Lansing Trade Group, LLC (a) 100% (a) — 2,428 — 8,603 Thompsons Limited (a) 100% (a) — 35 — 1,345 Providence Grain Group Inc. 39% (454 ) — (2,297 ) — Other 5% - 51% 356 (51 ) 454 (39 ) Total $ (3,728 ) $ 7,225 $ (2,367 ) $ 20,601 (a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the company purchased the remaining equity of LTG. The transaction resulted in the consolidation of Thompsons Limited and related entities, which LTG and the Company had equally owned.
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) 2019 2018 2019 2018 Sales revenues $ 52,875 $ 82,394 $ 171,897 $ 278,974 Service fee revenues (a) 2,852 5,231 11,015 15,539 Purchases of product and capital assets 174,420 177,583 520,091 556,551 Lease income (b) 1,887 1,623 5,195 4,829 Labor and benefits reimbursement (c) 3,513 3,436 10,973 10,603 (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. (c) The Company provides all operational labor to the unconsolidated ethanol LLCs. (in thousands) September 30, 2019 December 31, 2018 September 30, 2018 Accounts receivable (d) $ 23,394 $ 17,829 $ 32,584 Accounts payable (e) 21,201 28,432 32,347 (d) Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees. (e) 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, 2019
Segment Reporting [Abstract]
Segment Information	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 revenue. Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Revenues from external customers Trade $ 1,580,157 $ 342,610 $ 4,944,483 $ 983,737 Ethanol 254,055 195,669 708,029 571,090 Plant Nutrient 109,446 104,188 508,548 542,911 Rail 39,097 43,112 123,528 134,982 Total $ 1,982,755 $ 685,579 $ 6,284,588 $ 2,232,720 Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Inter-segment sales Trade $ 242 $ 442 $ 1,054 $ 1,435 Plant Nutrient 892 — 2,186 — Rail 824 288 2,869 959 Total $ 1,958 $ 730 $ 6,109 $ 2,394 Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Income (loss) before income taxes, net of noncontrolling interest Trade $ (2,001 ) $ (9,914 ) $ 4,268 $ (2,453 ) Ethanol 949 10,353 6,169 20,703 Plant Nutrient (7,440 ) (7,976 ) 4,534 8,239 Rail 3,137 5,732 10,629 10,645 Other (6,094 ) (2,057 ) (15,599 ) (13,734 ) Income (loss) before income taxes, net of noncontrolling interest (11,449 ) (3,862 ) 10,001 23,400 Noncontrolling interests (1,633 ) 223 (2,265 ) (175 ) Income (loss) before income taxes $ (13,082 ) $ (3,639 ) $ 7,736 $ 23,225 (in thousands) September 30, 2019 December 31, 2018 September 30, 2018 Identifiable assets Trade $ 1,712,350 $ 964,079 $ 773,923 Ethanol 372,663 310,866 278,796 Plant Nutrient 376,615 403,780 415,314 Rail 679,056 590,407 564,227 Other 143,768 122,871 119,358 Total $ 3,284,452 $ 2,392,003 $ 2,151,618

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of Summary of Amounts Recognized in Condensed Consolidated Balance Sheet	The following table summarizes the amounts recognized in the Company's Condensed Consolidated Balance Sheet related to leases: (in thousands) Condensed Consolidated Balance Sheet Classification September 30, 2019 Assets Operating lease assets Right of use assets, net $ 70,773 Finance lease assets Property, plant and equipment, net 24,003 Finance lease assets Rail Group assets leased to others, net 17,136 Total leased assets $ 111,912 Liabilities Current operating leases Accrued expenses and other current liabilities 24,544 Non-current operating leases Long-term lease liabilities 47,299 Total operating lease liabilities $ 71,843 Current finance leases Current maturities of long-term debt 17,331 Non-current finance leases Long-term debt 21,925 Total finance lease liabilities $ 39,256 Total lease liabilities $ 111,099
Schedule of Lease Cost, Weighted Average Remaining Term and Discount Rate and Supplemental Cash Flow Information Related to Leases	The components of lease cost recognized within the Company's Condensed Consolidated Statement of Operations were as follows: (in thousands) Condensed Consolidated Statement of Operations Classification Three months ended September 30, 2019 Nine months ended September 30, 2019 Lease cost: Operating lease cost Cost of sales and merchandising revenues $ 5,761 $ 18,881 Operating lease cost Operating, administrative and general expenses 3,417 10,251 Finance lease cost Amortization of right-of-use assets Operating, administrative and general expenses 443 1,042 Interest expense on lease liabilities Interest expense 236 779 Other lease cost (a) Cost of sales and merchandising revenues 193 731 Other lease cost (a) Operating, administrative and general expenses 61 201 Total lease cost $ 10,111 $ 31,885 (in thousands) September 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 24,982 Operating cash flows from finance leases 405 Financing cash flows from finance leases 973 Right-of-use assets obtained in exchange for lease obligations: Operating leases 6,365 Finance leases 16,498 September 30, 2019 . Weighted Average Discount Rate Operating leases 4.16 % Finance leases 3.78 % Weighted Average Remaining Lease Term Operating leases 4.2 years Finance leases 6.9 years
Schedule of Maturity Analysis of Operating Lease Liabilities	September 30, 2019 (in thousands) Operating Leases Finance Leases Total 2019 (excluding the nine months ended September 30, 2019) $ 8,612 $ 1,140 $ 9,752 2020 23,210 17,613 40,823 2021 16,635 2,334 18,969 2022 11,613 2,341 13,954 2023 7,664 2,342 10,006 Thereafter 10,748 18,184 28,932 Total lease payments $ 78,482 $ 43,954 $ 122,436 Less: interest 6,639 4,698 11,337 Total $ 71,843 $ 39,256 $ 111,099
Schedule of Maturity Analysis of Finance Lease Liabilities	September 30, 2019 (in thousands) Operating Leases Finance Leases Total 2019 (excluding the nine months ended September 30, 2019) $ 8,612 $ 1,140 $ 9,752 2020 23,210 17,613 40,823 2021 16,635 2,334 18,969 2022 11,613 2,341 13,954 2023 7,664 2,342 10,006 Thereafter 10,748 18,184 28,932 Total lease payments $ 78,482 $ 43,954 $ 122,436 Less: interest 6,639 4,698 11,337 Total $ 71,843 $ 39,256 $ 111,099

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2019
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, 2019 and 2018 are as follows: Nine months ended September 30, (in thousands) 2019 2018 Supplemental disclosure of cash flow information Interest paid $ 47,164 $ 23,327 Noncash investing and financing activity Equity issued in conjunction with acquisition 127,841 — Removal of pre-existing equity method investment (159,459 ) — Purchase price holdback/ other accrued liabilities 29,956 — Dividends declared not yet paid 5,547 4,663 Debt resulting from accounting standard adoption — 36,953 Railcar assets and liabilities resulting from accounting standard adoption — 25,643 Capital projects incurred but not yet paid 8,245 13,941

Business Acquisitions (Tables)

Business Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The purchase price allocation is preliminary, pending completion of the full valuation report, finalization of deferred income taxes and a final working capital adjustment. A summarized preliminary purchase price allocation is as follows: (in thousands) Cash consideration paid $ 171,147 Equity consideration 127,841 Purchase price holdback/ other accrued liabilities 29,956 Total purchase price consideration $ 328,944
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The preliminary purchase price allocation at January 1, 2019, is as follows: (in thousands) Cash and cash equivalents $ 21,525 Accounts receivable 320,467 Inventories 456,963 Commodity derivative assets - current 82,595 Other current assets 27,474 Commodity derivative assets - noncurrent 13,576 Goodwill 129,848 Other intangible assets 106,600 Right of use asset 37,894 Equity method investments 28,728 Other assets, net 5,582 Property, plant and equipment, net 171,820 $ 1,403,072 Short-term debt 218,901 Trade and other payables 303,321 Commodity derivative liabilities - current 29,024 Customer prepayments and deferred revenue 99,530 Accrued expense and other current liabilities 64,512 Other long-term liabilities, including commodity derivative liabilities - noncurrent 3,175 Long-term lease liabilities 21,193 Long-term debt, including current maturities 161,688 Deferred income taxes 14,403 $ 915,747 Fair value of acquired assets and assumed liabilities $ 487,325 Removal of preexisting ownership interest, including associated cumulative translation adjustment (159,459 ) Pretax loss on derecognition of preexisting ownership interest 1,078 Total purchase price consideration $ 328,944
Schedule of Intangible Assets Acquired	Details of the intangible assets acquired are as follows: (in thousands) Estimated useful life Customer relationships $ 86,300 10 years Noncompete agreements 20,300 3 years Total other intangible assets $ 106,600 8 years *
Schedule of Pro Forma Financial Information	Pro Forma Financial Information The summary pro forma financial information for the periods presented below gives effect to the LTG acquisition as if it had occurred at January 1, 2018. Three months ended September 30, Nine months ended September 30, (in thousands) 2019 2018 2019 2018 Net sales $ 1,982,755 2,020,746 $ 6,284,588 6,282,656 Net income (5,869 ) 2,934 13,364 35,004

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Amount of Goodwill by Reportable Segment	The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2019 are as follows: (in thousands) Trade Plant Nutrient Rail Total Balance as of January 1, 2019 $ 1,171 $ 686 $ 4,167 $ 6,024 Acquisitions (a) 129,848 — — 129,848 Balance as of September 30, 2019 $ 131,019 $ 686 $ 4,167 $ 135,872

Basis of Presentation and Con_3

Basis of Presentation and Consolidation (Details) $ in Millions	Sep. 30, 2019USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash	$ 9

Inventories (Details)

Inventories (Details) $ in Thousands, bu in Millions	Sep. 30, 2019USD ($)bu	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)
Inventory, Net [Abstract]
Grain and other agricultural products	$ 560,626	$ 527,471	$ 324,232
Frac sand and propane	14,592	0	0
Ethanol and co-products	26,218	11,918	15,419
Plant nutrients and cob products	133,839	145,693	145,363
Railcar repair parts	5,811	5,722	5,317
Total inventories	$ 741,086	$ 690,804	$ 490,331
Bushels of grain held in storage for others and excluded from inventory calculations | bu	2.7

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Components of property, plant and equipment
Land	$ 39,393	$ 29,739	$ 29,545
Land improvements and leasehold improvements	95,720	68,826	68,859
Buildings and storage facilities	354,625	284,998	282,826
Machinery and equipment	608,831	393,640	380,109
Construction in progress	54,163	102,394	65,539
Property, plant and equipment, gross	1,152,732	879,597	826,878
Less: accumulated depreciation	449,336	402,886	392,373
Property, plant and equipment, net	$ 703,396	$ 476,711	$ 434,505

Property, Plant and Equipment_3

Property, Plant and Equipment (Textual) (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended			9 Months Ended
	Jun. 30, 2018	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense		$ 18.3		$ 11.5	$ 51	$ 34.7
Rail
Property, Plant and Equipment [Line Items]
Depreciation expense on railcar assets leased to others		$ 7.4		$ 6.1	$ 21.1	$ 18.4
Trade
Property, Plant and Equipment [Line Items]
Impairment charge for property, plant and equipment	$ 1.6		$ 3.1

Property, Plant and Equipment_4

Property, Plant and Equipment (Rail Group Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Components of Railcar assets leased to others
Rail Group assets leased to others, gross	$ 699,972	$ 640,349	$ 576,622
Less: accumulated depreciation	134,226	118,564	111,846
Railcar assets leased to others, net	$ 565,746	$ 521,785	$ 464,776

Debt (Details)

Debt (Details) - USD ($)		Jan. 11, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Debt Instrument [Line Items]
Short-term debt			$ 138,249,000	$ 205,000,000	$ 132,000,000
Long-term debt
Current maturities of long-term debt			66,899,000	21,589,000	15,677,000
Finance lease liability	[1]		17,331,000	0	0
Total Current Maturities of Long-term Debt			66,899,000	21,589,000	15,677,000
Long-term debt, less current maturities			968,117,000	496,187,000	437,280,000
Finance lease liability	[1]		21,925,000	0	0
Total Long-term Debt, Less: Current Maturities			968,117,000	496,187,000	437,280,000
Nonrecourse
Debt Instrument [Line Items]
Short-term debt	[2]		35,278,000	0	0
Long-term debt
Current maturities of long-term debt	[3]		9,835,000	4,842,000	3,772,000
Long-term debt, less current maturities	[3]		242,895,000	146,353,000	77,114,000
Credit facility, maximum borrowing capacity			181,200,000
Total available for borrowings under lines of credit			146,000,000
Recourse
Debt Instrument [Line Items]
Short-term debt			102,971,000	205,000,000	132,000,000
Long-term debt
Current maturities of long-term debt	[4]		39,733,000	16,747,000	11,905,000
Long-term debt, less current maturities	[4]		703,297,000	$ 349,834,000	$ 360,166,000
LTG | LIBOR | Term Loan
Long-term debt
Borrowings under all lines of credit			$ 32,900,000
Interest rate			4.45%
Debt periodic payments			$ 600,000
Line of credit
Long-term debt
Credit facility, maximum borrowing capacity			1,628,700,000
Total available for borrowings under lines of credit			$ 1,207,700,000
Notes payable | LTG | LIBOR | 5-year term loan
Long-term debt
Interest rate			3.77%
Debt term		5 years	5 years
Term loan amount		$ 250,000,000
Notes payable | LTG | LIBOR | 7-year term loan
Long-term debt
Interest rate			4.02%
Debt term		7 years	7 years
Term loan amount		$ 250,000,000
[1]	See Note 14, Leases, for additional information. September 30, 2019 balances include the former build-to-suit lease that was reclassed from other current liabilities and other long-term liabilities as a result of the adoption of ASC 842.
[2]	In conjunction with the Lansing Trade Group ("LTG") acquisition, the Company assumed a revolving line of credit and a term loan with a syndicate of banks, which are non-recourse to the Company. The credit agreement provides the Company with a maximum availability of $181.2 million and had $146.0 million available for borrowing on this line of credit as of September 30, 2019 . Any borrowings under the line of credit bear interest at variable rates, which are based on LIBOR or Bankers’ Acceptances plus an applicable spread. The maturity date for the revolving line of credit is June 26, 2023.
[3]	In conjunction with the LTG acquisition, the Company also assumed a term loan with a syndicate of banks. The term loan had a balance of $32.9 million at September 30, 2019 . Interest rates for the term loans were 4.45% as of September 30, 2019 and are based on LIBOR plus an applicable spread. Payments of $0.6 million are made on a quarterly basis.
[4]	On January 11, 2019 the Company entered into a 5 -year term loan in the amount of $250 million and a 7 -year term loan of $250 million . A portion of the term loans were used to pay down debt assumed in the LTG acquisition. Interest rates are based on LIBOR plus an applicable spread. At September 30, 2019, the interest rates for the 5 -year and 7 -year term loan were 3.77% and 4.02% , respectively. Payments on the term loans will be made on a quarterly basis.

Debt (Textual) (Details)

Debt (Textual) (Details) - Line of credit	Sep. 30, 2019USD ($)
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity	$ 1,628,700,000
Total available for borrowings under lines of credit	$ 1,207,700,000

Derivatives (Textual) (Details)

Derivatives (Textual) (Details)	9 Months Ended
	Sep. 30, 2019
Derivative [Line Items]
Maximum period in which contracts for the sale of grain to processors or other consumers extend (years)	1 year

Derivatives (Net Asset or Liabi

Derivatives (Net Asset or Liability Positions in Balance Sheet) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Estimated fair value of Company's commodity derivative instruments for cash collateral and associated cash as collateral
Net derivative asset position, Collateral paid (received)	$ 23,997	$ 14,944	$ 14,942
Net derivative asset position, Fair value of derivatives	10,199	22,285	36,653
Net derivative asset position, net	34,196	37,229	51,595
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 (Gross Current and

Derivatives (Gross Current and Noncurrent Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Derivatives, Fair Value [Line Items]
Commodity derivative assets	$ 10,199	$ 22,285	$ 36,653
Commodity derivative liabilities	0	0	0
Commodity derivative assets - current	120,510	51,421	76,861
Commodity derivative assets - noncurrent	1,943	480	766
Commodity derivative liabilities - current	(67,606)	(32,647)	(91,403)
Commodity derivative liabilities - noncurrent	(1,960)	(889)	(2,548)
Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	130,195	44,658	71,493
Commodity derivative liabilities	(101,305)	(41,237)	(102,759)
Cash collateral paid (received)	23,997	14,944
Cash collateral (received)			14,942
Total	52,887	18,365	(16,324)
Commodity | Commodity Derivative Assets - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	122,462	43,463	69,957
Commodity derivative liabilities	(29,566)	(6,986)	(8,038)
Cash collateral paid (received)	27,614	14,944
Cash collateral (received)			14,942
Commodity derivative assets - current	120,510	51,421	76,861
Commodity | Commodity Derivative Assets - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	1,951	484	767
Commodity derivative liabilities	(8)	(4)	(1)
Cash collateral paid (received)	0	0
Cash collateral (received)			0
Commodity derivative assets - noncurrent	1,943	480	766
Commodity | Commodity Derivative Liabilities - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	5,715	706	731
Commodity derivative liabilities	(69,704)	(33,353)	(92,134)
Cash collateral paid (received)	(3,617)	0
Cash collateral (received)			0
Commodity derivative liabilities - current	(67,606)	(32,647)	(91,403)
Commodity | Commodity Derivative Liabilities - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	67	5	38
Commodity derivative liabilities	(2,027)	(894)	(2,586)
Cash collateral paid (received)	0	0
Cash collateral (received)			0
Commodity derivative liabilities - noncurrent	$ (1,960)	$ (889)	$ (2,548)

Derivatives (Pre-tax Gains and

Derivatives (Pre-tax Gains and Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Commodity | Cost of sales and merchandising revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives instruments recognized in earnings	$ (27,586)	$ (51,059)	$ 25,469	$ (30,451)
Not Designated as Hedging Instrument | Interest rate contracts | Operating, administrative and general expenses
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives instruments recognized in earnings	(36)	521	(972)	1,662
Not Designated as Hedging Instrument | Foreign currency contract | Other Income, Net
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives instruments recognized in earnings	(615)	372	(684)	(1,163)
Designated as Hedging Instrument | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative gains (losses) included in Other Comprehensive Income (Loss)	(3,798)	159	(16,547)	226
Designated as Hedging Instrument | Interest rate contracts | Operating, administrative and general expenses
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivatives gains (losses) included in Interest income (expense)	$ (224)	$ 54	$ (243)	$ 126

Derivatives (Volume of Contract

Derivatives (Volume of Contracts Outstanding) (Details) lb in Thousands, gal in Thousands, bu in Thousands, T in Thousands	Sep. 30, 2019lb	Sep. 30, 2019bu	Sep. 30, 2019T	Sep. 30, 2019gal	Dec. 31, 2018lb	Dec. 31, 2018bu	Dec. 31, 2018T	Dec. 31, 2018gal	Sep. 30, 2018lb	Sep. 30, 2018bu	Sep. 30, 2018T	Sep. 30, 2018gal
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	5,385	1,258,761	3,467	421,253	2,920	506,417	66	323,975	2,560	562,872	115	324,087
Non-exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	5,385	842,811	3,178	262,965	2,920	313,612	66	246,863	2,560	362,632	115	231,813
Non-exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	653,757	0	0	0	250,408	0	0	0	277,774	0	0
Non-exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	46,895	0	0	0	22,463	0	0	0	45,755	0	0
Non-exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	90,598	0	0	0	14,017	0	0	0	7,948	0	0
Non-exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	36,365	0	0	0	26,230	0	0	0	31,155	0	0
Non-exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	256,815	0	0	0	244,863	0	0	0	230,813
Non-exchange Traded | Corn oil
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	5,022	0	0	0	2,920	0	0	0	2,560	0	0	0
Non-exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	363	15,196	3,178	6,150	0	494	66	2,000		0	115	1,000
Exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	415,950	289	158,288	0	192,805	0	77,112	0	200,240	0	92,274
Exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	280,890	0	0	0	130,585	0	0	0	123,250	0	0
Exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	58,980	0	0	0	26,985	0	0	0	31,855	0	0
Exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	75,345	0	0	0	33,760	0	0	0	44,130	0	0
Exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	735	0	0	0	1,475	0	0	0	1,005	0	0
Exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	145,769	0	0	0	77,112	0	0	0	92,274
Exchange Traded | Propane
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	12,516
Exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	289	3

Derivatives (Fair Value of the

Derivatives (Fair Value of the Company's Other Derivatives) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Not Designated as Hedging Instrument | Other long term liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	$ (1,261)	$ (353)	$ 193
Not Designated as Hedging Instrument | Accrued expenses and other current liabilities | Foreign currency contract
Derivative [Line Items]
Derivative liabilities	115	(1,122)	(737)
Designated as Hedging Instrument | Accrued expenses and other current liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	(2,981)	0	0
Designated as Hedging Instrument | Other assets | Interest rate contracts
Derivative [Line Items]
Derivative assets	$ (13,649)	$ (168)	$ 227

Derivatives (Outstanding Intere

Derivatives (Outstanding Interest Rate Derivatives) (Details) - Long-term $ in Millions	Sep. 30, 2019USD ($)
Not Accounted for as Hedge | Swap 1.9%
Derivative [Line Items]
Notional amount	$ 23
Interest rate	1.90%
Not Accounted for as Hedge | Collar 3.5% to 4.8%
Derivative [Line Items]
Notional amount	$ 40
Not Accounted for as Hedge | Collar 3.5% to 4.8% | Minimum
Derivative [Line Items]
Interest rate	3.50%
Not Accounted for as Hedge | Collar 3.5% to 4.8% | Maximum
Derivative [Line Items]
Interest rate	4.80%
Accounted for as Hedge | Swap 1.8%
Derivative [Line Items]
Notional amount	$ 20
Interest rate	1.80%
Accounted for as Hedge | Swap 2.6%
Derivative [Line Items]
Notional amount	$ 10
Interest rate	2.60%
Accounted for as Hedge | Swap 2.7%
Derivative [Line Items]
Notional amount	$ 20
Interest rate	2.70%
Accounted for as Hedge | Swap 2.6%
Derivative [Line Items]
Notional amount	$ 40
Interest rate	2.60%
Accounted for as Hedge | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 25
Interest rate	2.50%
Accounted for as Hedge | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.50%
Accounted for as Hedge | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 100
Interest rate	2.50%
Accounted for as Hedge | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.50%
Accounted for as Hedge | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.50%

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pension Benefits
Components of the net periodic benefit cost
Interest cost	$ 29	$ 33	$ 87	$ 98
Recognized net actuarial loss	58	61	174	183
Benefit cost	87	94	261	281
Postretirement Benefits
Components of the net periodic benefit cost
Interest cost	214	188	641	565
Service cost	68	81	206	243
Amortization of prior service cost	(228)	(227)	(684)	(683)
Benefit cost	$ 54	$ 42	$ 163	$ 125

Revenue (Breakdown of Revenues

Revenue (Breakdown of Revenues by Accounting Standards) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	$ 273,945	$ 156,394	$ 1,083,383	$ 706,927
Total Revenues	1,982,755	685,579	6,284,588	2,232,720
Revenues under ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	273,945	156,394	1,083,383	706,927
Revenues under ASC 842
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total Revenues	26,418	25,853	87,122	78,110
Revenues under ASC 815
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total Revenues	$ 1,682,392	$ 503,332	$ 5,114,083	$ 1,447,683

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total	$ 273,945	$ 156,394	$ 1,083,383	$ 706,927
Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	45,022	36,856	236,895	206,215
Primary nutrients
Disaggregation of Revenue [Line Items]
Total	71,343	60,460	322,130	313,967
Service
Disaggregation of Revenue [Line Items]
Total	16,688	15,567	53,324	48,717
Products and co-products
Disaggregation of Revenue [Line Items]
Total	82,813	29,282	255,029	88,390
Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	47,188		184,418
Other
Disaggregation of Revenue [Line Items]
Total	10,891	14,229	31,587	49,638
Trade
Disaggregation of Revenue [Line Items]
Total	114,462	2,477	441,263	9,133
Trade | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	9,840	0	45,648	0
Trade | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	4,610	0	27,401	0
Trade | Service
Disaggregation of Revenue [Line Items]
Total	2,507	2,232	11,077	8,386
Trade | Products and co-products
Disaggregation of Revenue [Line Items]
Total	48,158	0	166,859	0
Trade | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	47,188		184,418
Trade | Other
Disaggregation of Revenue [Line Items]
Total	2,159	245	5,860	747
Ethanol
Disaggregation of Revenue [Line Items]
Total	38,005	32,815	98,538	98,873
Ethanol | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Ethanol | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Ethanol | Service
Disaggregation of Revenue [Line Items]
Total	3,187	3,533	10,170	10,483
Ethanol | Products and co-products
Disaggregation of Revenue [Line Items]
Total	34,655	29,282	88,170	88,390
Ethanol | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0		0
Ethanol | Other
Disaggregation of Revenue [Line Items]
Total	163	0	198	0
Plant Nutrient
Disaggregation of Revenue [Line Items]
Total	109,446	104,189	508,548	542,911
Plant Nutrient | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	35,182	36,856	191,247	206,215
Plant Nutrient | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	66,733	60,460	294,729	313,967
Plant Nutrient | Service
Disaggregation of Revenue [Line Items]
Total	1,275	877	3,133	3,498
Plant Nutrient | Products and co-products
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Plant Nutrient | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0		0
Plant Nutrient | Other
Disaggregation of Revenue [Line Items]
Total	6,256	5,996	19,439	19,231
Rail
Disaggregation of Revenue [Line Items]
Total	12,032	16,913	35,034	56,010
Rail | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Rail | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Rail | Service
Disaggregation of Revenue [Line Items]
Total	9,719	8,925	28,944	26,350
Rail | Products and co-products
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Rail | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0		0
Rail | Other
Disaggregation of Revenue [Line Items]
Total	$ 2,313	$ 7,988	$ 6,090	$ 29,660

Revenue (Textual) (Details)

Revenue (Textual) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Service | Transferred over Time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customer, percentage of service revenues	5.00%	10.00%	5.00%	7.00%

Revenue (Contract Liabilities B

Revenue (Contract Liabilities Balances) (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Jan. 01, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jan. 01, 2018
Revenue from Contract with Customer [Abstract]
Contract Liabilities	$ 34,306	$ 48,225	$ 146,824	$ 28,858	$ 29,836	$ 10,047	$ 67,715	$ 25,520

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (7,212)	$ (1,764)	$ (1,657)	$ 5,668
Effective income tax rate	(55.10%)	(48.50%)	(21.40%)	24.40%
Income tax benefit, research and development credits	$ 3,900
Unrecognized tax benefits	17,700	$ 600	$ 17,700	$ 600
Unrecognized tax benefit, reduction of deferred tax asset and refundable credits	$ 17,200

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (After-tax Components of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2019		Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	$ (6,241)		$ (5,347)	$ (6,387)		$ (2,700)
Other comprehensive loss before reclassifications	[1]	(1,405)		1,097	(12,719)		(1,286)
Amounts reclassified from accumulated other comprehensive income (loss) (b)	[1]	26	[2]	(114)	11,486	[2]	(378)
Net current-period other comprehensive income (loss)	[1]	(1,379)		983	(1,233)		(1,664)
Ending balance	[1]	(7,620)		(4,364)	(7,620)		(4,364)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	(9,700)		51	(126)		0
Other comprehensive loss before reclassifications	[1]	(3,049)		65	(12,759)		44
Amounts reclassified from accumulated other comprehensive income (loss) (b)	[1]	197	[2]	54	333	[2]	126
Net current-period other comprehensive income (loss)	[1]	(2,852)		119	(12,426)		170
Ending balance	[1]	(12,552)		170	(12,552)		170
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	(976)		(9,989)	(11,550)		(7,716)
Other comprehensive loss before reclassifications	[1]	1,600		993	508		(1,280)
Amounts reclassified from accumulated other comprehensive income (loss) (b)	[1]	0	[2]	0	11,666	[2]	0
Net current-period other comprehensive income (loss)	[1]	1,600		993	12,174		(1,280)
Ending balance	[1]	624		(8,996)	624		(8,996)
Investment in Convertible Preferred Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	258		257	258		344
Other comprehensive loss before reclassifications	[1]	0		0	0		(87)
Amounts reclassified from accumulated other comprehensive income (loss) (b)	[1]	0	[2]	0	0	[2]	0
Net current-period other comprehensive income (loss)	[1]	0		0	0		(87)
Ending balance	[1]	258		257	258		257
Defined Benefit Plan Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	[1]	4,177		4,334	5,031		4,672
Other comprehensive loss before reclassifications	[1]	44		39	(468)		37
Amounts reclassified from accumulated other comprehensive income (loss) (b)	[1]	(171)	[2]	(168)	(513)	[2]	(504)
Net current-period other comprehensive income (loss)	[1]	(127)		(129)	(981)		(467)
Ending balance	[1]	$ 4,050		$ 4,205	$ 4,050		$ 4,205
[1]	All amounts are net of tax. Amounts in parentheses indicate debits
[2]	Reflects foreign currency translation adjustments attributable to the consolidation of Thompsons Limited as summarized in Note 17.

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Reclassifications Out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2019		Sep. 30, 2018		Sep. 30, 2019		Sep. 30, 2018
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) before income taxes		$ (13,082)		$ (3,639)		$ 7,736		$ 23,225
Income tax provision (benefit)		7,212		1,764		1,657		(5,668)
Net income (loss)		(5,870)		(1,875)		9,393		17,557
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	[1]	26		(114)		11,486		(378)
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Defined Benefit Plan Items
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Amortization of prior-service cost		(228)	[1],[2]	(228)	[1],[2]	(684)	[1],[2]	(684)
Income (loss) before income taxes	[1]	(228)		(228)		(684)		(684)
Income tax provision (benefit)		57	[1]	60	[1]	171	[1]	180
Net income (loss)	[1]	(171)		(168)		(513)		(504)
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Cash Flow Hedges
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Interest payments		263		73		445		171
Income (loss) before income taxes	[1]	263		73		445		171
Income tax provision (benefit)	[1]	(66)		(19)		(112)		(45)
Net income (loss)	[1]	197		$ 54		333		$ 126
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Foreign Currency Translation Adjustment
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Realized loss on pre-existing investment		0	[1]			11,666
Income (loss) before income taxes	[1]	0				11,666
Income tax provision (benefit)	[1]	0				0
Net income (loss)	[1]	$ 0				$ 11,666
[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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Net income attributable to The Andersons, Inc.	$ (4,237)	$ (2,098)	$ 11,658	$ 17,732
Earnings per share - basic:
Weighted average shares outstanding - basic (shares)	32,626,000	28,263,000	32,550,000	28,254,000
Earnings per common share - basic (dollars per share)	$ (0.13)	$ (0.07)	$ 0.36	$ 0.63
Earnings per share - diluted:
Weighted average shares outstanding - basic (shares)	32,626,000	28,263,000	32,550,000	28,254,000
Effect of dilutive awards (shares)	0	0	484,000	233,000
Weighted average shares outstanding - diluted (shares)	32,626,000	28,263,000	33,034,000	28,487,000
Earnings per common share - diluted (dollars per share)	$ (0.13)	$ (0.07)	$ 0.35	$ 0.62
Antidilutive shares excluded from computation of earnings per share (in shares)			60,000	0

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	$ 52,887	$ 18,365	$ (16,324)
Provisionally price contracts	[2]	(103,292)	(134,741)	(78,833)
Convertible preferred securities	[3]	8,404	7,154	7,154
Other assets and liabilities	[4]	(12,288)	4,833	6,181
Total		(54,289)	(104,389)	(81,822)
Level 1
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	34,196	37,229	51,595
Provisionally price contracts	[2]	(79,757)	(76,175)	(55,697)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	5,603	5,186	5,988
Total		(39,958)	(33,760)	1,886
Level 2
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	18,691	(18,864)	(67,919)
Provisionally price contracts	[2]	(23,535)	(58,566)	(23,136)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	(17,891)	(353)	193
Total		(22,735)	(77,783)	(90,862)
Level 3
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	0	0	0
Provisionally price contracts	[2]	0	0	0
Convertible preferred securities	[3]	8,404	7,154	7,154
Other assets and liabilities	[4]	0	0	0
Total		$ 8,404	$ 7,154	$ 7,154
[1]	Includes associated cash posted/received as collateral
[2]	Included in "Provisionally priced contracts" are those instruments based only on underlying futures values (Level 1) and delayed price contracts (Level 2)
[3]	Recorded in “Other noncurrent assets” on the Company’s Condensed Consolidated Balance Sheets.
[4]	Included in other assets and liabilities are assets held in rabbi trusts to fund deferred compensation plans, ethanol risk management contracts, and foreign exchange derivative contracts (Level 1), and interest rate derivatives (Level 2).

Fair Value Measurements (Reconc

Fair Value Measurements (Reconciliation of Beginning and Ending Balances of Level 3 Measurements) (Details) - Level 3 - Convertible preferred securities - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2018
Reconciliation of Fair Value Measurements Using Level 3
Asset (liability), Beginning Balance	$ 8,404	$ 7,404	$ 7,154	$ 7,488	$ 7,388	$ 7,388
Additional investments	0	1,000	250	986	100	0
Gains (losses) included in earnings	0			5,080
Sale proceeds	0			(6,400)
Asset (liability), Ending Balance	8,404	$ 8,404	$ 7,404	7,154	$ 7,488	$ 7,388
Implied based on market prices
Quantitative Information about Level 3 Fair Value Measurements
Asset fair value	$ 8,404			$ 7,154			$ 7,154

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Company's Long-term Debt) (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
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		$ 1,046,063	$ 517,998	$ 445,342
Fair value in excess of carrying value	[1]	$ 11,047	$ 5,813	$ 11,629
[1]	Carrying value used for this purpose excludes unamortized debt issuance costs.

Related Party Transactions (Com

Related Party Transactions (Company's Investment Balance in Equity Method Investees) (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments		$ 117,348	$ 242,326	$ 240,350
The Andersons Albion Ethanol LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments		$ 48,863	50,382	49,882
Percentage of company ownership interest		55.00%
The Andersons Clymers Ethanol LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments		$ 23,752	24,242	22,589
Percentage of company ownership interest		39.00%
The Andersons Marathon Ethanol LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments		$ 15,762	14,841	15,373
Percentage of company ownership interest		33.00%
Lansing Trade Group LLC
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments	[1]	$ 0	$ 101,715	99,904
Percentage of company ownership interest			32.50%
Thompsons Limited
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments	[1]	0	$ 48,987	50,280
Providence Grain Group Inc.
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments		$ 17,195	0	0
Percentage of company ownership interest		39.00%
Other
Equity Method Investment Companys Investment Balance In Each Equity Method Investees By Entity [Abstract]
Equity method investments		$ 11,776	$ 2,159	$ 2,322
[1]	The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the Company purchased the remaining equity of LTG. The transaction resulted in the consolidation of Thompsons Limited of Ontario, Canada and related entities, which LTG and the Company had equally owned.

Related Party Transactions (Inc

Related Party Transactions (Income (Loss) Earned from Company's Equity Method Investments) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Income earned from Company's equity method investees		$ (3,728)	$ 7,225	$ (2,367)	$ 20,601
The Andersons Albion Ethanol LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest		55.00%		55.00%
Income earned from Company's equity method investees		$ (1,671)	2,408	$ (1,292)	4,858
The Andersons Clymers Ethanol LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest		39.00%		39.00%
Income earned from Company's equity method investees		$ (1,427)	1,376	$ (152)	3,121
The Andersons Marathon Ethanol LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest		33.00%		33.00%
Income earned from Company's equity method investees		$ (532)	1,029	$ 920	2,713
Lansing Trade Group LLC
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest						32.50%
Income earned from Company's equity method investees	[1]	0	2,428	$ 0	8,603
Equity method investee, ownership percentage after acquisition	[1]			100.00%
Thompsons Limited
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Income earned from Company's equity method investees	[1]	$ 0	35	$ 0	1,345
Equity method investee, ownership percentage after acquisition	[1]			100.00%
Providence Grain Group Inc.
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest		39.00%		39.00%
Income earned from Company's equity method investees		$ (454)	0	$ (2,297)	0
Other
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Income earned from Company's equity method investees		$ 356	$ (51)	$ 454	$ (39)
Other | Minimum
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest		5.00%		5.00%
Other | Maximum
Income Earned From Companys Equity Method Investments By Entity [Abstract]
Percentage of company ownership interest		51.00%		51.00%
[1]	The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the company purchased the remaining equity of LTG. The transaction resulted in the consolidation of Thompsons Limited and related entities, which LTG and the Company had equally owned.

Related Party Transactions (Tex

Related Party Transactions (Textual) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)	Mar. 02, 2018gal
Related Party Transaction [Line Items]
Total distributions received from unconsolidated affiliates			$ 400,000	$ 2,200,000
Revenues recognized for the sale of ethanol	$ 158,500,000	$ 161,900,000	456,700,000	480,400,000
Related party, gross assets	400,000	6,800,000	400,000	6,800,000	$ 1,900,000
Related party, gross liability	2,600,000	$ 7,200,000	2,600,000	$ 7,200,000	$ 6,300,000
ELEMENT, LLC | Subsidiary
Related Party Transaction [Line Items]
Percentage of company's interest in subsidiary						51.00%
Noncontrolling interest is attributed of all gains and losses of parent (percentage)						49.00%
Maximum production capacity of bio-refinery (gallons) | gal						70,000,000
Remaining obligation	$ 5,200,000		$ 5,200,000

Related Party Transactions (Tra

Related Party Transactions (Transactions Entered Into For the Time Periods Presented) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Related party transactions entered into for the time periods presented
Sales revenues		$ 52,875	$ 82,394	$ 171,897	$ 278,974
Service fee revenues	[1]	2,852	5,231	11,015	15,539
Purchases of product		174,420	177,583	520,091	556,551
Lease income	[2]	1,887	1,623	5,195	4,829
Labor and benefits reimbursement	[3]	3,513	3,436	10,973	10,603
Accounts receivable	[4]	23,394	32,584	23,394	32,584	$ 17,829
Accounts payable	[5]	$ 21,201	$ 32,347	$ 21,201	$ 32,347	$ 28,432
[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.
[3]	The Company provides all operational labor to the unconsolidated ethanol LLCs
[4]	Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.
[5]	Accounts payable represents amounts due to related parties for purchases of ethanol and other various items.

Segment Information (Textual) (

Segment Information (Textual) (Details) - segment	9 Months Ended
	Sep. 30, 2019	Jan. 01, 2019
Segment Reporting Information [Line Items]
Number of reportable segments (business segments)	4
Number of consolidated segments	2
Number of segments accounted for as equity method investments	3
LTG
Segment Reporting Information [Line Items]
Remaining equity interest percentage acquired in equity investee		67.50%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Revenues from external customers	$ 1,982,755	$ 685,579	$ 6,284,588	$ 2,232,720
Income (loss) before income taxes, net of noncontrolling interest	(11,449)	(3,862)	10,001	23,400
Net income (loss) attributable to the noncontrolling interests	(1,633)	223	(2,265)	(175)
Income (loss) before income taxes	(13,082)	(3,639)	7,736	23,225
Total assets	3,284,452	2,151,618	3,284,452	2,151,618	$ 2,392,003
Operating Segments | Trade
Segment Reporting Information [Line Items]
Revenues from external customers	1,580,157	342,610	4,944,483	983,737
Income (loss) before income taxes, net of noncontrolling interest	(2,001)	(9,914)	4,268	(2,453)
Total assets	1,712,350	773,923	1,712,350	773,923	964,079
Operating Segments | Ethanol
Segment Reporting Information [Line Items]
Revenues from external customers	254,055	195,669	708,029	571,090
Income (loss) before income taxes, net of noncontrolling interest	949	10,353	6,169	20,703
Total assets	372,663	278,796	372,663	278,796	310,866
Operating Segments | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	109,446	104,188	508,548	542,911
Income (loss) before income taxes, net of noncontrolling interest	(7,440)	(7,976)	4,534	8,239
Total assets	376,615	415,314	376,615	415,314	403,780
Operating Segments | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	39,097	43,112	123,528	134,982
Income (loss) before income taxes, net of noncontrolling interest	3,137	5,732	10,629	10,645
Total assets	679,056	564,227	679,056	564,227	590,407
Segment Reconciling Items
Segment Reporting Information [Line Items]
Revenues from external customers	1,958	730	6,109	2,394
Segment Reconciling Items | Trade
Segment Reporting Information [Line Items]
Revenues from external customers	242	442	1,054	1,435
Segment Reconciling Items | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	892	0	2,186	0
Segment Reconciling Items | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	824	288	2,869	959
Other
Segment Reporting Information [Line Items]
Income (loss) before income taxes, net of noncontrolling interest	(6,094)	(2,057)	(15,599)	(13,734)
Total assets	$ 143,768	$ 119,358	$ 143,768	$ 119,358	$ 122,871

Leases (Summary of Amounts Reco

Leases (Summary of Amounts Recognized in Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Assets
Operating lease assets		$ 70,773	$ 0	$ 0
Finance lease assets		24,003
Total leased assets		111,912
Liabilities
Current operating leases		24,544
Non-current operating leases		47,299	0	0
Total operating lease liabilities		71,843
Current finance leases	[1]	17,331	0	0
Non-current finance leases	[1]	21,925	$ 0	$ 0
Total finance lease liabilities		39,256
Total lease liabilities		111,099
Rail
Assets
Finance lease assets		$ 17,136
[1]	See Note 14, Leases, for additional information. September 30, 2019 balances include the former build-to-suit lease that was reclassed from other current liabilities and other long-term liabilities as a result of the adoption of ASC 842.

Leases (Components of Lease Cos

Leases (Components of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Lease cost:
Amortization of right-of-use assets	$ 443	$ 1,042
Interest expense on lease liabilities	236	779
Total lease cost	10,111	31,885
Cost of sales and merchandising revenues
Lease cost:
Operating lease cost	5,761	18,881
Operating, administrative and general expenses
Lease cost:
Operating lease cost	3,417	10,251
Other lease cost	193	731
Operating, administrative and general expenses
Lease cost:
Other lease cost	$ 61	$ 201

Leases (Weighted Average Remain

Leases (Weighted Average Remaining Lease Term) (Details)	Sep. 30, 2019
Leases [Abstract]
Operating leases	4 years 2 months 12 days
Finance leases	6 years 10 months 24 days

Leases (Weighted Average Discou

Leases (Weighted Average Discount Rate) (Details)	Sep. 30, 2019
Leases [Abstract]
Operating leases	4.16%
Finance leases	3.78%

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 24,982
Operating cash flows from finance leases	405
Financing cash flows from finance leases	973
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	6,365
Finance leases	$ 16,498

Leases (Maturity Analysis of Le

Leases (Maturity Analysis of Lease Liabilities) (Details) $ in Thousands	Sep. 30, 2019USD ($)
Operating Leases
2019 (excluding the nine months ended September 30, 2019)	$ 8,612
2020	23,210
2021	16,635
2022	11,613
2023	7,664
Thereafter	10,748
Total lease payments	78,482
Less: interest	6,639
Total	71,843
Finance Leases
2019 (excluding the nine months ended September 30, 2019)	1,140
2020	17,613
2021	2,334
2022	2,341
2023	2,342
Thereafter	18,184
Total lease payments	43,954
Less: interest	4,698
Total	39,256
Total
2019 (excluding the nine months ended September 30, 2019)	9,752
2020	40,823
2021	18,969
2022	13,954
2023	10,006
Thereafter	28,932
Total lease payments	122,436
Less: interest	11,337
Total lease liabilities	$ 111,099

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Jan. 01, 2019USD ($)
LTG
Operating Leased Assets [Line Items]
Reserve relating to outstanding non-regulatory litigation claim	$ 5

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Supplemental Cash Flow Information [Abstract]
Interest paid	$ 47,164	$ 23,327
Noncash investing and financing activity
Equity issued in conjunction with acquisition	127,841	0
Removal of pre-existing equity method investment	(159,459)	0
Purchase price holdback/ other accrued liabilities	29,956	0
Dividends declared not yet paid	5,547	4,663
Debt resulting from accounting standard adoption	0	36,953
Railcar assets and liabilities resulting from accounting standard adoption	0	25,643
Capital projects incurred but not yet paid	$ 8,245	$ 13,941

Business Acquisitions (Textual)

Business Acquisitions (Textual) (Details) - USD ($) $ in Thousands, shares in Millions	Jan. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill		$ 135,872	$ 6,024	$ 135,872	$ 6,024	$ 6,024
Effective income tax rate		(55.10%)	(48.50%)	(21.40%)	24.40%
LTG
Business Acquisition [Line Items]
Remaining equity interest percentage acquired in equity investee	67.50%
Consideration paid for acquisition	$ 328,944
Cash consideration paid	171,100
Purchase price holdback/ other accrued liabilities	$ 30,000
Unregistered shares issued (in shares)	4.4
Value of unregistered shares issued	$ 127,800
Goodwill	$ 129,848
Effective income tax rate	25.00%

Business Acquisitions (Purchase

Business Acquisitions (Purchase Price Allocation) (Details) - Lansing Trade Group LLC $ in Thousands	Jan. 01, 2019USD ($)
Business Acquisition [Line Items]
Cash consideration paid	$ 171,100
Equity consideration	127,800
Purchase price holdback/ other accrued liabilities	30,000
Total purchase price consideration	$ 328,944

Business Acquisitions (Fair Val

Business Acquisitions (Fair Value of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill		$ 135,872	$ 6,024	$ 6,024
Removal of preexisting ownership interest, including associated cumulative translation adjustment		(159,459)	$ 0
Pretax loss on derecognition of preexisting ownership interest		$ 1,078
LTG
Business Acquisition [Line Items]
Cash and cash equivalents	$ 21,525
Accounts receivable	320,467
Inventories	456,963
Commodity derivative assets - current	82,595
Other current assets	27,474
Commodity derivative assets - noncurrent	13,576
Goodwill	129,848
Other intangible assets	106,600
Right of use asset	37,894
Equity method investments	28,728
Other assets, net	5,582
Property, plant and equipment, net	171,820
Total Assets Acquired	1,403,072
Short-term debt	218,901
Trade and other payables	303,321
Commodity derivative liabilities - current	29,024
Customer prepayments and deferred revenue	99,530
Accrued expense and other current liabilities	64,512
Other long-term liabilities, including commodity derivative liabilities - noncurrent	3,175
Long-term debt, including current maturities	21,193
Long-term debt, including current maturities	161,688
Deferred income taxes	14,403
Total Liabilities Assumed	915,747
Fair value of acquired assets and assumed liabilities	487,325
Total purchase price consideration	$ 328,944

Business Acquisitions (Intangib

Business Acquisitions (Intangible Assets Acquired) (Details) - LTG $ in Thousands	Jan. 01, 2019USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Other intangible assets	$ 106,600
Estimated useful life	8 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Other intangible assets	$ 86,300
Estimated useful life	10 years
Noncompete agreements
Acquired Finite-Lived Intangible Assets [Line Items]
Other intangible assets	$ 20,300
Estimated useful life	3 years

Business Acquisitions (Pro Form

Business Acquisitions (Pro Forma Financial Information) (Details) - LTG - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Business Acquisition [Line Items]
Net sales	$ 1,982,755	$ 6,284,588
Net income	$ (5,869)	$ 13,364

Goodwill (Details)

Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill [Roll Forward]
Balance as of January 1, 2019	$ 6,024
Acquisitions	129,848
Balance as of September 30, 2019	135,872
Trade
Goodwill [Roll Forward]
Balance as of January 1, 2019	1,171
Acquisitions	129,848
Balance as of September 30, 2019	131,019
Plant Nutrient
Goodwill [Roll Forward]
Balance as of January 1, 2019	686
Acquisitions	0
Balance as of September 30, 2019	686
Rail
Goodwill [Roll Forward]
Balance as of January 1, 2019	4,167
Acquisitions	0
Balance as of September 30, 2019	$ 4,167

Exit Costs and Assets Held fo_2

Exit Costs and Assets Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Assets held for sale	$ 573	$ 392	$ 29,527
Disposal Group, Held-for-sale, Not Discontinued Operations
Restructuring Cost and Reserve [Line Items]
Assets held for sale	$ 600		29,500
Disposal Group, Held-for-sale, Not Discontinued Operations | Rail Group
Restructuring Cost and Reserve [Line Items]
Assets held for sale			25,100
Disposal Group, Held-for-sale, Not Discontinued Operations | Grain Group
Restructuring Cost and Reserve [Line Items]
Assets held for sale			4,400
Disposal Group, Held-for-sale, Not Discontinued Operations | Retail Store
Restructuring Cost and Reserve [Line Items]
Assets held for sale			4,200
Disposal Group, Held-for-sale, Not Discontinued Operations | Plant Nutrient Group
Restructuring Cost and Reserve [Line Items]
Assets held for sale			$ 200

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2018	Oct. 01, 2019
Subsequent Event [Line Items]
Gain on sale of assets		$ (101)	$ 4,181
Subsequent Event
Subsequent Event [Line Items]
Gain on sale of assets	$ 2,900
Subsequent Event | TAMH | The Andersons
Subsequent Event [Line Items]
Equity percentage owned				50.10%
Subsequent Event | TAMH | Marathon
Subsequent Event [Line Items]
Equity percentage owned				49.90%
Notes payable | Subsequent Event
Subsequent Event [Line Items]
Debt amount				$ 70,000
Revolving line of credit | Line of credit | Subsequent Event
Subsequent Event [Line Items]
Debt amount				$ 130,000