The Andersons, Inc. (ANDE) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Cover page

Cover page - shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
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		32.9
Entity Central Index Key	0000821026
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Current assets:
Cash, cash equivalents and restricted cash	$ 19,693	$ 54,895	$ 29,991
Accounts receivable, net	539,671	536,367	611,290
Inventories	1,028,076	1,170,536	1,026,465
Commodity derivative assets – current	149,070	107,863	158,277
Other current assets	85,372	75,681	60,586
Total current assets	1,821,882	1,945,342	1,886,609
Other assets:
Goodwill	135,360	135,360	119,641
Other intangible assets, net	167,398	175,312	206,572
Right of use assets, net	62,182	76,401	85,766
Equity method investments	22,910	23,857	121,781
Other assets, net	24,305	21,753	30,449
Total other assets	412,155	432,683	564,209
Rail Group assets leased to others, net	597,069	584,298	537,629
Property, plant and equipment, net	921,585	938,418	671,805
Total assets	3,752,691	3,900,741	3,660,252
Current liabilities:
Short-term debt	392,450	147,031	434,304
Trade and other payables	553,416	873,081	590,258
Customer prepayments and deferred revenue	121,148	133,585	148,345
Commodity derivative liabilities – current	90,491	46,942	66,623
Current maturities of long-term debt	80,758	62,899	55,160
Accrued expenses and other current liabilities	147,225	176,381	151,648
Total current liabilities	1,385,488	1,439,919	1,446,338
Long-term lease liabilities	43,308	51,091	57,451
Long-term debt, less current maturities	987,526	1,016,248	982,025
Deferred income taxes	156,804	146,155	138,598
Other long-term liabilities	65,703	51,673	37,554
Total liabilities	2,638,829	2,705,086	2,661,966
Commitments and contingencies
Shareholders’ equity:
Common shares, without par value (63,000 shares authorized; 33,550 shares issued at 3/31/2020, 12/31/2019 and 3/31/2019)	137	137	137
Preferred shares, without par value (1,000 shares authorized; none issued)	0	0	0
Additional paid-in-capital	341,382	345,359	324,753
Treasury shares, at cost (21, 207 and 193 shares at 3/31/2020, 12/31/2019 and 3/31/2019, respectively)	(652)	(7,342)	(7,216)
Accumulated other comprehensive income (loss)	(27,649)	(7,231)	2,474
Retained earnings	599,039	642,687	627,136
Total shareholders’ equity of The Andersons, Inc.	912,257	973,610	947,284
Noncontrolling interests	201,605	222,045	51,002
Total equity	1,113,862	1,195,655	998,286
Total liabilities and equity	$ 3,752,691	$ 3,900,741	$ 3,660,252

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
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)	33,550	33,550	33,550
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)	20	207	193

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Revenues from external customers	$ 1,853,105	$ 1,976,792
Cost of sales and merchandising revenues	1,789,975	1,867,128
Gross profit	63,130	109,664
Operating, administrative and general expenses	105,060	113,349
Interest expense, net	15,587	15,910
Other income, net:
Equity in earnings of affiliates, net	129	1,519
Other income (loss), net	4,813	(1,514)
Loss before income taxes	(52,575)	(19,590)
Income tax benefit	(1,464)	(5,442)
Net loss	(51,111)	(14,148)
Net loss attributable to the noncontrolling interests	(13,449)	(155)
Net loss attributable to The Andersons, Inc.	$ (37,662)	$ (13,993)
Per common share:
Basic earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	$ (1.15)	$ (0.43)
Diluted earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	$ (1.15)	$ (0.43)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (51,111)	$ (14,148)
Other comprehensive income (loss), net of tax:
Change in unrecognized actuarial loss and prior service cost (net of income tax of $26 and $43)	(116)	(126)
Cash flow hedge activity (net of income tax of $4,519 and $1,201)	(13,663)	(3,622)
Foreign currency translation adjustments	(6,639)	12,609
Other comprehensive income (loss)	(20,418)	8,861
Comprehensive loss	(71,529)	(5,287)
Comprehensive loss attributable to the noncontrolling interests	(13,449)	(155)
Comprehensive loss attributable to The Andersons, Inc.	$ (58,080)	$ (5,132)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Change in fair value of convertible preferred securities, tax	$ 0	$ 0
Change in unrecognized actuarial loss and prior service cost, tax	(26)	(43)
Cash flow hedge activity, tax	(4,519)	(1,201)
Foreign currency translation adjustments, tax	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities
Net loss	$ (51,111)	$ (14,148)
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation and amortization	46,898	33,760
Bad debt expense	4,310	318
Equity in earnings of affiliates, net of dividends	(129)	(1,465)
Gains on sales of Rail Group assets and related leases	(645)	(736)
Stock-based compensation expense	2,880	4,799
Deferred federal income tax	16,474	(5,640)
Inventory write down	10,571	0
Other	4,001	4,528
Changes in operating assets and liabilities:
Accounts receivable	(11,737)	(79,295)
Inventories	122,323	124,741
Commodity derivatives	1,231	(9,149)
Other assets	(10,887)	11,337
Payables and other accrued expenses	(362,609)	(191,095)
Net cash used in operating activities	(228,430)	(122,045)
Investing Activities
Acquisition of business, net of cash acquired	0	(147,343)
Purchases of Rail Group assets	(13,270)	(15,873)
Proceeds from sale of Rail Group assets	2,405	1,948
Purchases of property, plant and equipment and capitalized software	(19,307)	(44,728)
Proceeds from sale of assets	36	400
Purchase of investments	(280)	(240)
Net cash used in investing activities	(30,416)	(205,836)
Financing Activities
Net change in short-term borrowings	251,712	9,942
Proceeds from issuance of long-term debt	90,736	693,761
Payments of long-term debt	(104,913)	(361,067)
Contributions by noncontrolling interest owner	3,307	4,715
Distributions to noncontrolling interest owner	(10,298)	0
Payments of debt issuance costs	(250)	(5,788)
Dividends paid	(5,723)	(5,515)
Other	(994)	2
Net cash provided by financing activities	223,577	336,050
Effect of exchange rates on cash, cash equivalents and restricted cash	67	(771)
Increase (Decrease) in cash, cash equivalents and restricted cash	(35,202)	7,398
Cash, cash equivalents and restricted cash at beginning of period	54,895	22,593
Cash, cash equivalents and restricted cash at end of period	$ 19,693	$ 29,991

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	Adoption of accounting standard, net of income tax of ($237)	Adoption of accounting standard, net of income tax of ($237)Retained Earnings
Beginning Balance at Dec. 31, 2018	$ 876,764	$ 96	$ 224,396	$ (35,300)	$ (6,387)	$ 647,517	$ 46,442	$ (711)	$ (711)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(14,148)					(13,993)	(155)
Other comprehensive loss	(2,770)				(2,770)
Amounts reclassified from accumulated other comprehensive loss	11,631				(11,631)
Contributions received from noncontrolling interest	4,715						4,715
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	5,188		(22,756)	27,944
Dividends declared per common share	(5,529)					(5,529)
Stock awards granted due to acquisition	123,146	41	123,105
Restricted share award dividend equivalents	0		8	140		(148)
Ending Balance at Mar. 31, 2019	998,286	137	324,753	(7,216)	2,474	627,136	51,002
Beginning Balance at Dec. 31, 2019	1,195,655	137	345,359	(7,342)	(7,231)	642,687	222,045
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(51,111)					(37,662)	(13,449)
Other comprehensive loss	(20,974)				(20,974)
Amounts reclassified from accumulated other comprehensive loss	556				556
Contributions received from noncontrolling interest	3,307						3,307
Distributions to noncontrolling interest	(10,298)						(10,298)
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	2,475		(3,977)	6,452
Dividends declared per common share	(5,748)					(5,748)
Restricted share award dividend equivalents	0			238		(238)
Ending Balance at Mar. 31, 2020	$ 1,113,862	$ 137	$ 341,382	$ (652)	$ (27,649)	$ 599,039	$ 201,605

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Number Of Common Shares Issued For Cash	181	740
Dividends declared, per common share (in dollars per share)	$ 0.175	$ 0.17
Adoption of new accounting standard, net of income tax		$ 237

Basis of Presentation and Conso

Basis of Presentation and Consolidation	3 Months Ended
	Mar. 31, 2020
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”), its majority-owned subsidiaries and variable interest entities (“VIEs”) of which the Company is the primary beneficiary. The portion of these entities that is not owned by the Company is presented as non-controlling interest. 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, 2020 . An unaudited Condensed Consolidated Balance Sheet as of March 31, 2019 has been included as the Company operates in several seasonal industries. The Condensed Consolidated Balance Sheet data at December 31, 2019 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, 2019 (the “2019 Form 10-K”). Recently Adopted Accounting Guidance Measurement of Credit Losses on Financial Instruments 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. Effective January 1, 2020, we adopted ASU 2016-13 using the modified retrospective transition method. This ASU amends the impairment model to utilize an expected loss methodology in place of the incurred loss methodology for financial instruments, including trade receivables, and off-balance sheet credit exposures. The amendment requires entities to consider a broader range of information to estimate expected credit losses, which may result in earlier recognition of losses. The impact of adopting this new standard on the Condensed Consolidated Financial Statements was not material. Cloud Computing Software 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. The adoption of this standard effective January 1, 2020 on the consolidated financial statements is not material. Reference Rate Reform (Topic 848) In March 2020, the FASB concluded its reference rate reform project and issued ASU 2020-04, Reference Rate Reform (Topic 848) . London Interbank Offered Rate (LIBOR) is a benchmark interest rate referenced in a variety of agreements that are used by all types of entities. At the end of 2021, banks will no longer be required to report information that is used to determine LIBOR. As a result, LIBOR could be discontinued. Other interest rates used globally could also be discontinued for similar reasons. The ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. The optional amendments are effective for all entities as of March 12, 2020, through December 31, 2022. The Company has elected to adopt ASU 2020-04 immediately for all optional expedients provided for contract modification accounting as permissible under the standard. The impact of executing the standard should the need arise will be disclosed, however, at this time there has been no impact to our consolidated financial statements. Recent Accounting Guidance Issued Not Yet Effective Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The provisions of this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The impact of this update on our consolidated financial statements is currently being assessed. At this time the Company does not plan to early adopt the standard.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory, Net [Abstract]
Inventories	Inventories Major classes of inventories are as follows: (in thousands) March 31, December 31, March 31, Grain and other agricultural products $ 750,281 $ 907,482 $ 812,361 Frac sand and propane 5,723 15,438 8,172 Ethanol and co-products 87,706 95,432 16,302 Plant nutrients and cob products 178,028 146,164 183,886 Railcar repair parts 6,338 6,020 5,744 Total Inventories $ 1,028,076 $ 1,170,536 $ 1,026,465 Inventories on the Condensed Consolidated Balance Sheets do not include 3.9 million , 6.4 million and 1.9 million bushels of grain held in storage for others as of March 31, 2020 , December 31, 2019 and March 31, 2019 , respectively. 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. In the first quarter of 2020, the Company recorded a $10.6 million lower of cost or net realizable value charge related to lower ethanol market prices and decreased demand as a result of the COVID-19 pandemic.

Property, Plant and Equipment

Property, Plant and Equipment	3 Months Ended
	Mar. 31, 2020
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) March 31, December 31, March 31, Land $ 40,336 $ 40,442 $ 39,552 Land improvements and leasehold improvements 95,327 103,148 82,681 Buildings and storage facilities 381,258 373,961 337,631 Machinery and equipment 861,812 835,156 481,454 Construction in progress 41,824 59,993 151,895 1,420,557 1,412,700 1,093,213 Less: accumulated depreciation 498,972 474,282 421,408 Property, plant and equipment, net $ 921,585 $ 938,418 $ 671,805 Depreciation expense on property, plant and equipment was $31.0 million and $17.9 million for the three months ended March 31, 2020 and 2019 , respectively. Rail Group Assets The components of Rail Group assets leased to others are as follows: (in thousands) March 31, December 31, March 31, Rail Group assets leased to others $ 740,809 $ 723,004 $ 660,747 Less: accumulated depreciation 143,740 138,706 123,118 Rail Group assets, net $ 597,069 $ 584,298 $ 537,629 Depreciation expense on Rail Group assets leased to others amounted to $7.7 million and $6.7 million for the three months ended March 31, 2020 and 2019

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt Short-term and long-term debt at March 31, 2020 , December 31, 2019 and March 31, 2019 consisted of the following: (in thousands) March 31, December 31, March 31, Short-term Debt – Non-Recourse $ 83,791 $ 54,029 $ 97,304 Short-term Debt – Recourse 308,659 93,002 337,000 Total Short-term Debt $ 392,450 $ 147,031 $ 434,304 Current Maturities of Long-term Debt – Non-Recourse $ 5,212 $ 9,545 $ 7,793 Current Maturities of Long-term Debt – Recourse 75,546 53,354 47,367 Total Current Maturities of Long-term Debt $ 80,758 $ 62,899 $ 55,160 Long-term Debt, Less: Current Maturities – Non-Recourse $ 329,462 $ 330,251 $ 177,955 Long-term Debt, Less: Current Maturities – Recourse 658,064 685,997 804,070 Total Long-term Debt, Less: Current Maturities $ 987,526 $ 1,016,248 $ 982,025 The total borrowing capacity of the Company's lines of credit at March 31, 2020 was $1,684.0 million of which the Company had a total of $1,006.4 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 March 31, 2020

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 , December 31, 2019 and March 31, 2019 , 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: March 31, 2020 December 31, 2019 March 31, 2019 (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 Cash collateral paid $ 22,855 $ — $ 56,005 $ — $ 21,751 $ — Fair value of derivatives 20,977 — (10,323 ) — 38,580 — Balance at end of period $ 43,832 $ — $ 45,682 $ — $ 60,331 $ — The following table presents, on a gross basis, current and noncurrent commodity derivative assets and liabilities: March 31, 2020 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 164,700 $ 3,240 $ 9,648 $ 142 $ 177,730 Commodity derivative liabilities (38,485 ) (119 ) (100,139 ) (2,667 ) (141,410 ) Cash collateral paid 22,855 — — — 22,855 Balance sheet line item totals $ 149,070 $ 3,121 $ (90,491 ) $ (2,525 ) $ 59,175 December 31, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 92,429 $ 1,045 $ 7,439 $ 18 $ 100,931 Commodity derivative liabilities (40,571 ) (96 ) (54,381 ) (523 ) (95,571 ) Cash collateral paid 56,005 — — — 56,005 Balance sheet line item totals $ 107,863 $ 949 $ (46,942 ) $ (505 ) $ 61,365 March 31, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 142,262 $ 3,781 $ 665 $ 93 $ 146,801 Commodity derivative liabilities (5,736 ) (24 ) (67,288 ) (3,914 ) (76,962 ) Cash collateral paid 21,751 — — — 21,751 Balance sheet line item totals $ 158,277 $ 3,757 $ (66,623 ) $ (3,821 ) $ 91,590 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 three months ended March 31, 2020 and 2019 are as follows: Three months ended March 31, (in thousands) 2020 2019 Gains on commodity derivatives included in cost of sales and merchandising revenues $ 30,960 $ 66,419 The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at March 31, 2020 , December 31, 2019 and March 31, 2019 : March 31, 2020 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 555,782 — — — Soybeans 33,950 — — — Wheat 92,374 — — — Oats 56,582 — — — Ethanol — 103,252 — — Corn oil — — 6,275 — Other 18,734 1,500 296 2,010 Subtotal 757,422 104,752 6,571 2,010 Exchange traded: Corn 165,295 — — — Soybeans 37,875 — — — Wheat 59,135 — — — Oats 1,490 — — — Ethanol — 44,440 — — Propane — 11,760 — — Other — 11,970 — 213 Subtotal 263,795 68,170 — 213 Total 1,021,217 172,922 6,571 2,223 December 31, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 552,359 — — — Soybeans 34,912 — — — Wheat 100,996 — — — Oats 24,700 — — — Ethanol — 116,448 — — Corn oil — — 14,568 — Other 11,363 4,000 305 2,263 Subtotal 724,330 120,448 14,873 2,263 Exchange traded: Corn 221,740 — — — Soybeans 39,145 — — — Wheat 68,171 — — — Oats 2,090 — — — Ethanol — 175,353 — — Propane — 5,166 — — Other — 15 — 232 Subtotal 331,146 180,534 — 232 Total 1,055,476 300,982 14,873 2,495 March 31, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 624,612 — — — Soybeans 42,859 — — — Wheat 118,909 — — — Oats 26,361 — — — Ethanol — 233,420 — — Corn oil — — 6,733 — Other 5,574 2,032 6 2,508 Subtotal 818,315 235,452 6,739 2,508 Exchange traded: Corn 197,210 — — — Soybeans 47,860 — — — Wheat 103,955 — — — Oats 770 — — — Ethanol — 110,758 — — Gasoline — 12,936 — — Propane — 14,784 — — Other 2 — — 205 Subtotal 349,797 138,478 — 205 Total 1,168,112 373,930 6,739 2,713 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 March 31, 2020 , December 31, 2019 and March 31, 2019 , the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) March 31, 2020 December 31, 2019 March 31, 2019 Derivatives not designated as hedging instruments Interest rate contracts included in Other long-term liabilities $ (1,913 ) $ (1,007 ) $ (4,494 ) Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) $ 440 $ 2,742 $ (344 ) Derivatives designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ (8,081 ) $ (3,118 ) $ — Interest rate contracts included in Other long-term assets (Other long-term liabilities) $ (22,620 ) $ (9,382 ) $ (4,552 ) The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended March 31, (in thousands) 2020 2019 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense), net $ (784 ) $ (990 ) Foreign currency derivative gains (losses) included in Other income (loss), net $ — $ (1,467 ) Derivatives designated as hedging instruments Interest rate derivative gains (losses) included in Other Comprehensive Income (Loss) $ (18,182 ) $ (4,991 ) Interest rate derivatives gains (losses) included in Interest income (expense), net $ (1,290 ) $ 165 Outstanding interest rate derivatives, as of March 31, 2020 , 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% Swap 2020 2023 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.8% Swap 2020 2023 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.7% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8%

Revenue

Revenue	3 Months Ended
	Mar. 31, 2020
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 March 31, (in thousands) 2020 2019 Revenues under ASC 606 $ 347,502 $ 315,172 Revenues under ASC 842 25,551 28,868 Revenues under ASC 815 1,480,052 1,632,752 Total Revenues $ 1,853,105 $ 1,976,792 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 months ended March 31, 2020 and 2019 , respectively: Three months ended March 31, 2020 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 73,231 $ — $ 73,231 Primary nutrients — — 45,690 — 45,690 Services 1,686 — 182 8,736 10,604 Ethanol products and co-products 53,165 101,698 — — 154,863 Frac sand and propane 49,875 — — — 49,875 Other 3,989 616 5,810 2,824 13,239 Total $ 108,715 $ 102,314 $ 124,913 $ 11,560 $ 347,502 Three months ended March 31, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 3,938 $ — $ 68,400 $ — $ 72,338 Primary nutrients 427 — 53,089 — 53,516 Service 825 3,436 162 9,947 14,370 Ethanol products and co-products 62,758 21,472 — — 84,230 Frac sand and propane 80,463 — — — 80,463 Other 1,157 — 6,874 2,224 10,255 Total $ 149,568 $ 24,908 $ 128,525 $ 12,171 $ 315,172 Approximately 3% and 5% of revenues accounted for under ASC 606 during the three months ended March 31, 2020 and 2019 , respectively, and are recorded over time which primarily relates to service revenues noted above. Contract balances The balances of the Company’s contract liabilities were $65.8 million and $28.5 million as of March 31, 2020 and December 31, 2019 , respectively. The 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 main driver of the contract liabilities balance is 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.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 , the Company recorded an income tax benefit of $1.5 million at an effective income tax rate of 2.8% . The annual effective tax rate differs from the statutory U.S. Federal tax rate as the tax benefit from consolidated pre-tax losses is completely offset by the portion of losses owned by non-controlling interests that do not provide for a tax benefit. The decrease in effective tax rate for the three months ended March 31, 2020 as compared to the same period last year was primarily attributed to the tax expense generated from the current period loss before taxes at the estimated annual effective tax rate, offset by tax benefits from anticipated net operating loss carrybacks as result of the Coronavirus Aid, Relief, and. Economic Security Act ("CARES") Act. For the three months ended March 31, 2019 , the Company recorded an income tax benefit of $5.4 million at an effective income tax rate of 27.8% . The 2020 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 $25.4 million as of March 31, 2020 , and $0.6 million for the period ended March 31, 2019 . The unrecognized tax benefits of $25.4 million include $21.7 million recorded as a reduction of the deferred tax asset and refundable credits associated with the R&D Credits. On March 27, 2020, President Trump signed into U.S. federal law the CARES Act, which is aimed at providing emergency assistance and health care for individuals, families and businesses affected by the Coronavirus (“COVID-19”) pandemic and generally supporting the U.S. economy. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. In particular, under the CARES Act, (i) for taxable years beginning before 2021, net operating loss carryforwards and carrybacks may offset 100% of taxable income, (ii) NOLs arising in 2018, 2019, and 2020 taxable years may be carried back to each of the preceding five years to generate a refund and (iii) for taxable years beginning in 2019 and 2020, the base for interest deductibility is increased from 30% to 50% of EBITDA. The Company has analyzed the impact of the CARES Act to determine the estimated impact on 2019 filing positions that could be carried back to prior tax years, and recorded a financial statement benefit of $6.6 million . On April 17, 2020, the Internal Revenue Service issued Revenue Procedure 2020-25, allowing for companies to revoke an election out of bonus depreciation. The Company is currently evaluating the impact of this additional guidance.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 : Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended March 31, 2020 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning Balance $ (9,443 ) $ 1,065 $ 258 $ 889 $ (7,231 ) Other comprehensive loss before reclassifications (14,390 ) (6,639 ) — 55 $ (20,974 ) Amounts reclassified from accumulated other comprehensive income (loss) 727 — — (171 ) $ 556 Net current-period other comprehensive income (loss) (13,663 ) (6,639 ) — (116 ) (20,418 ) Ending balance $ (23,106 ) $ (5,574 ) $ 258 $ 773 $ (27,649 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended March 31, 2019 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning Balance $ (126 ) $ (11,550 ) $ 258 $ 5,031 $ (6,387 ) Other comprehensive loss before reclassifications (3,758 ) 943 — 45 $ (2,770 ) Amounts reclassified from accumulated other comprehensive income (loss) (b) 136 11,666 — (171 ) $ 11,631 Net current-period other comprehensive income (loss) (3,622 ) 12,609 — (126 ) 8,861 Ending balance $ (3,748 ) $ 1,059 $ 258 $ 4,905 $ 2,474 (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. Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended March 31, 2020 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 Defined Benefit Plan Items Amortization of prior-service cost $ (228 ) (b) (228 ) Total before tax 57 Income tax provision (benefit) $ (171 ) Net of tax Cash Flow Hedges Interest payments $ 969 Interest expense 969 Total before tax (242 ) Income tax provision $ 727 Net of tax Total reclassifications for the period $ 556 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. Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended March 31, 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 Defined Benefit Plan Items Amortization of prior-service cost $ (228 ) (b) (228 ) Total before tax 57 Income tax provision (benefit) $ (171 ) Net of tax Cash Flow Hedges Interest payments $ 182 Interest expense 182 Total before tax (46 ) Income tax provision $ 136 Net of tax Foreign Currency Translation Adjustment Realized loss on pre-existing investment $ 11,666 Other income, net 11,666 Total before tax — Income tax provision $ 11,666 Net of tax Total reclassifications for the period $ 11,631 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.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share (in thousands, except per common share data) Three months ended March 31, 2020 2019 Net loss attributable to The Andersons, Inc. $ (37,662 ) $ (13,993 ) Earnings per share – basic: Weighted average shares outstanding – basic 32,821 32,501 Earnings per common share – basic $ (1.15 ) $ (0.43 ) Earnings per share – diluted: Weighted average shares outstanding – basic 32,821 32,501 Effect of dilutive awards — — Weighted average shares outstanding – diluted 32,821 32,501 Earnings per common share – diluted $ (1.15 ) $ (0.43 ) All outstanding share awards were antidilutive for the three months ended March 31, 2020 and March 31, 2019 as the Company incurred a net loss in both periods.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 , December 31, 2019 and March 31, 2019 : (in thousands) March 31, 2020 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 43,832 $ 15,343 $ — $ 59,175 Provisionally priced contracts (b) (94,834 ) (51,061 ) — (145,895 ) Convertible preferred securities (c) — — 8,654 8,654 Other assets and liabilities (d) 5,373 (32,614 ) — (27,241 ) Total $ (45,629 ) $ (68,332 ) $ 8,654 $ (105,307 ) (in thousands) December 31, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 45,682 $ 15,683 $ — $ 61,365 Provisionally priced contracts (b) (118,414 ) (68,237 ) — (186,651 ) Convertible preferred securities (c) — — 8,404 8,404 Other assets and liabilities (d) 9,469 (13,507 ) — (4,038 ) Total $ (63,263 ) $ (66,061 ) $ 8,404 $ (120,920 ) (in thousands) March 31, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 60,331 $ 31,259 $ — $ 91,590 Provisionally priced contracts (b) (48,430 ) (49,393 ) — (97,823 ) Convertible preferred securities (c) — — 7,404 7,404 Other assets and liabilities (d) 5,772 (4,494 ) — 1,278 Total $ 17,673 $ (22,628 ) $ 7,404 $ 2,449 (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 assets, net” on the Company’s Consolidated Balance Sheets related to certain available for sale securities. (d) Included in other assets and liabilities are assets held by the Company 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) 2020 2019 Assets (liabilities) at January 1, $ 8,404 $ 7,154 Additional Investments 250 250 Assets (liabilities) at March 31, $ 8,654 $ 7,404 The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of March 31, 2020 , December 31, 2019 and March 31, 2019 : Quantitative Information about Recurring Level 3 Fair Value Measurements (in thousands) Fair Value as of March 31, 2020 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 8,654 Implied based on market prices N/A N/A (in thousands) Fair Value as of December 31, 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 March 31, 2019 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 7,404 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. Quantitative Information about Non-recurring Level 3 Fair Value Measurements (in thousands) Fair Value as of December 31, 2019 Valuation Method Unobservable Input Weighted Average Frac sand assets (a) $ 16,546 Third party appraisal Various N/A Real property (b) 608 Market approach Various N/A Equity method investment (c) 12,424 Discounted cash flow analysis Various N/A (a) The Company recognized impairment charges on long lived related to its frac sand business. The fair value of the assets were determined using prior transactions and third-party appraisals. These measures are considered Level 3 inputs on a nonrecurring basis. (b) The Company recognized impairment charges on certain Trade assets and measured the fair value using Level 3 inputs on a nonrecurring basis. The fair value of the assets were determined using prior transactions in the local market and a recent sale of comparable Trade group assets held by the Company. (c) The Company recorded an other-than-temporary impairment charge on an existing equity method investment. The fair value of the investment was determined using a discounted cash flow analysis. There were no non-recurring fair value measurements as of March 31, 2020 and March 31, 2019 . 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) March 31, December 31, March 31, Fair value of long-term debt, including current maturities $ 1,113,042 $ 1,096,010 $ 1,043,503 Fair value in excess of carrying value (a) 36,461 8,257 2,318 (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 Parties

Related Parties	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Parties	Related Parties In the ordinary course of business and on an arms-length basis, the Company will mainly enter into related party transactions with the minority shareholders of the Company's ethanol operations and several equity method investments that the Company holds, along with other related parties. The following table sets forth the related party transactions entered into for the time periods presented: Three months ended March 31, (in thousands) 2020 2019 Sales revenues $ 54,694 $ 61,168 Service fee revenues (a) — 4,112 Purchases of product and capital assets 15,577 169,229 Lease income (b) 147 1,014 Labor and benefits reimbursement (c) — 3,857 (a) Service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains (DDG) marketing fees, and other commissions. These revenues are now eliminated in consolidation as a result of the TAMH merger. (b) Lease income includes certain railcars leased to related parties and the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities from the prior period and are now eliminated in consolidation as a result of the TAMH merger. (c) Prior to the TAMH merger the Company provided all operations labor to the unconsolidated ethanol LLCs and charged them an amount equal to the Company's costs of the related services for the prior periods. (in thousands) March 31, 2020 December 31, 2019 March 31, 2019 Accounts receivable (d) $ 6,586 $ 10,603 $ 20,134 Accounts payable (e) 6,364 12,303 24,644 (d) Accounts receivable represents amounts due from related parties for the sale of ethanol and other various items. (e) Accounts payable represents amounts due to related parties for purchases of ethanol equipment and other various items.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
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 commodity merchandising and the operation of terminal grain elevator facilities. The Ethanol business produces ethanol through its five co-owned and fully consolidated ethanol production facilities as well as purchases and sells ethanol and ethanol co-products. 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 March 31, (in thousands) 2020 2019 Revenues from external customers Trade $ 1,378,040 $ 1,537,686 Ethanol 313,039 269,166 Plant Nutrient 124,913 128,525 Rail 37,113 41,415 Total $ 1,853,105 $ 1,976,792 Three months ended March 31, (in thousands) 2020 2019 Inter-segment sales Trade $ 609 $ 181 Plant Nutrient 887 20 Rail 1,605 1,275 Total $ 3,101 $ 1,476 Three months ended March 31, (in thousands) 2020 2019 Income (loss) before income taxes, net of noncontrolling interest Trade $ (9,983 ) $ (17,903 ) Ethanol (23,976 ) 3,011 Plant Nutrient (1,192 ) (3,929 ) Rail 1,007 4,312 Other (4,982 ) (4,926 ) Income (loss) before income taxes, net of noncontrolling interest (39,126 ) (19,435 ) Noncontrolling interests (13,449 ) (155 ) Income (loss) before income taxes $ (52,575 ) $ (19,590 ) (in thousands) March 31, 2020 December 31, 2019 March 31, 2019 Identifiable assets Trade $ 1,878,812 $ 2,012,060 $ 2,116,254 Ethanol 653,928 690,548 333,060 Plant Nutrient 434,512 383,781 455,529 Rail 658,271 693,931 642,596 Other 127,168 120,421 112,813 Total $ 3,752,691 $ 3,900,741 $ 3,660,252

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
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 a previously unconsolidated subsidiary in 2018 for the settlement of matters which focused on certain trading activity.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 and 2019 are as follows: Three months ended March 31, (in thousands) 2020 2019 Supplemental disclosure of cash flow information Interest paid $ 16,180 $ 16,711 Noncash investing and financing activity Dividends declared not yet paid 5,748 5,527 Capital projects incurred but not yet paid 8,459 15,974 Equity issued in conjunction with acquisition — 123,146 Removal of pre-existing equity method investment — (159,459 ) Purchase price holdback/ other accrued liabilities — 31,518

Business Acquisitions

Business Acquisitions	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Business Acquisitions	Business Acquisition On October 1, 2019, The Andersons entered into an agreement with Marathon to merge TAAE, TACE, TAME and the Company's wholly-owned subsidiary, The Andersons Denison Ethanol LLC into a new legal entity, The Andersons Marathon Holdings LLC. As a result of the merger, The Andersons and Marathon now own 50.1% and 49.9% of the equity in TAMH, respectively. Total consideration transferred by the Company to complete the acquisition of TAMH was $182.9 million . The company transferred non-cash consideration of $7.3 million and its equity values of the previously mentioned LLCs. The purchase price allocation is preliminary, pending, finalization of deferred income taxes adjustments. A summarized preliminary purchase price allocation is as follows: (in thousands) Non-cash consideration $ 7,318 Investments contributed at fair value 124,662 Investment contributed at cost 50,875 Total purchase price consideration $ 182,855 The preliminary purchase price allocation at October 1, 2019, is as follows: (in thousands) Cash and cash equivalents $ 47,042 Accounts receivable 12,175 Inventories 31,765 Other current assets 2,638 Goodwill 2,726 Right of use asset 5,200 Other assets, net 861 Property, plant and equipment, net 321,380 423,787 Trade and other payables 13,461 Accrued expense and other current liabilities 3,011 Other long-term liabilities 209 Long-term lease liabilities 2,230 Long-term debt, including current maturities 47,886 66,797 Marathon Noncontrolling Interest 174,135 Net Assets Acquired $ 182,855 Removal of preexisting ownership interest $ (88,426 ) Pretax gain on derecognition of preexisting ownership interest $ 36,286 Asset and liability account balances in the opening balance sheet above include the previously consolidated TADE investment balances at carryover basis. The $2.7 million of goodwill recognized is primarily attributable to expected synergies and the assembled workforce of TAMH. None of the goodwill is expected to be deductible for income tax purposes. The fair value in the opening balance sheet of the 49.9% noncontrolling interest in TAMH was estimated to be $174.1 million . The fair value was estimated based on 49.9% of the total equity value of TAMH based on the transaction price for the 50.1% stake in TAMH, considering the consideration transferred noted above. Pro Forma Financial Information (Unaudited) The summary pro forma financial information for the periods presented below gives effect to the TAMH acquisition as if it had occurred at January 1, 2019. Three months ended March 31, (in thousands) 2020 2019 Net sales $ 1,853,105 $ 2,031,510 Net income (51,111 ) (15,228 ) 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 pro forma amounts for net income above have been adjusted to reflect additional depreciation and amortization that would have been charged assuming the fair value adjustments to Property, plant and equipment had been applied on January 1, 2019 related to the TAMH merger. Pro forma financial information is not necessarily indicative of the Company's actual results of operations if the acquisition had been completed at the date indicated, nor is it necessarily an indication of future operating results. Amounts do not include any operating efficiencies or cost savings that the Company believes are achievable.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill During the quarter the Company completed a reorganization of its organization and internal structure whereby the Company reorganized its operations between the Trade and Ethanol segments to enhance operating decisions and assessing performance. On January 1, 2020, the Company moved its Distillers Dried Grains ("DDG") business from the Trade to Ethanol segment. The reorganization resulted in the reassignment of goodwill to the affected reporting units using a relative fair value approach. As a result of the reassignment and allocation, the Company performed an interim review of the carrying value of goodwill at the Trade and Ethanol segments for possible impairment on both a pre and post-reorganization basis. No impairment of goodwill was indicated at the pre-reorganization reporting units. The changes in the carrying amount of goodwill by reportable segment for the three months ended March 31, 2020 are as follows: (in thousands) Trade Ethanol Plant Nutrient Rail Total Balance as of January 1, 2020 $ 127,781 $ 2,726 $ 686 $ 4,167 $ 135,360 Reorganization (a) (5,714 ) 5,714 — — — Balance as of March 31, 2020 $ 122,067 $ 8,440 $ 686 $ 4,167 $ 135,360 (a) Reorganization related to move of the DDG business line from the Trade to Ethanol segment. Due to the severe decline in ethanol prices, largely impacted by COVID-19 during the period, management determined that a triggering event occurred within the Ethanol segment. Accordingly, an interim impairment test was performed over the Ethanol group's goodwill as well as its other intangible and long-lived assets. Based on the results of the impairment test, the Ethanol segment did not record 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. The results of the goodwill impairment test within the Ethanol group supported the calculated fair value exceeding the carrying values by greater than 20%. 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 unit to fall below its carrying value.

Basis of Presentation and Con_2

Basis of Presentation and Consolidation (Policies)	3 Months Ended
	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	Measurement of Credit Losses on Financial Instruments 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. Effective January 1, 2020, we adopted ASU 2016-13 using the modified retrospective transition method. This ASU amends the impairment model to utilize an expected loss methodology in place of the incurred loss methodology for financial instruments, including trade receivables, and off-balance sheet credit exposures. The amendment requires entities to consider a broader range of information to estimate expected credit losses, which may result in earlier recognition of losses. The impact of adopting this new standard on the Condensed Consolidated Financial Statements was not material. Cloud Computing Software 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. The adoption of this standard effective January 1, 2020 on the consolidated financial statements is not material. Reference Rate Reform (Topic 848) In March 2020, the FASB concluded its reference rate reform project and issued ASU 2020-04, Reference Rate Reform (Topic 848) . London Interbank Offered Rate (LIBOR) is a benchmark interest rate referenced in a variety of agreements that are used by all types of entities. At the end of 2021, banks will no longer be required to report information that is used to determine LIBOR. As a result, LIBOR could be discontinued. Other interest rates used globally could also be discontinued for similar reasons. The ASU provides companies with optional guidance to ease the potential accounting burden associated with transitioning away from reference rates that are expected to be discontinued. The optional amendments are effective for all entities as of March 12, 2020, through December 31, 2022. The Company has elected to adopt ASU 2020-04 immediately for all optional expedients provided for contract modification accounting as permissible under the standard. The impact of executing the standard should the need arise will be disclosed, however, at this time there has been no impact to our consolidated financial statements. Recent Accounting Guidance Issued Not Yet Effective Simplifying the Accounting for Income Taxes In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes , which simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740. The amendments also improve consistent application of and simplify GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The provisions of this update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The impact of this update on our consolidated financial statements is currently being assessed. At this time the Company does not plan to early adopt the standard.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory, Net [Abstract]
Classes of inventories	Major classes of inventories are as follows: (in thousands) March 31, December 31, March 31, Grain and other agricultural products $ 750,281 $ 907,482 $ 812,361 Frac sand and propane 5,723 15,438 8,172 Ethanol and co-products 87,706 95,432 16,302 Plant nutrients and cob products 178,028 146,164 183,886 Railcar repair parts 6,338 6,020 5,744 Total Inventories $ 1,028,076 $ 1,170,536 $ 1,026,465

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Components of property, plant and equipment	The components of Property, plant and equipment, net are as follows: (in thousands) March 31, December 31, March 31, Land $ 40,336 $ 40,442 $ 39,552 Land improvements and leasehold improvements 95,327 103,148 82,681 Buildings and storage facilities 381,258 373,961 337,631 Machinery and equipment 861,812 835,156 481,454 Construction in progress 41,824 59,993 151,895 1,420,557 1,412,700 1,093,213 Less: accumulated depreciation 498,972 474,282 421,408 Property, plant and equipment, net $ 921,585 $ 938,418 $ 671,805
Components of railcar assets leased to others	The components of Rail Group assets leased to others are as follows: (in thousands) March 31, December 31, March 31, Rail Group assets leased to others $ 740,809 $ 723,004 $ 660,747 Less: accumulated depreciation 143,740 138,706 123,118 Rail Group assets, net $ 597,069 $ 584,298 $ 537,629

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt	Short-term and long-term debt at March 31, 2020 , December 31, 2019 and March 31, 2019 consisted of the following: (in thousands) March 31, December 31, March 31, Short-term Debt – Non-Recourse $ 83,791 $ 54,029 $ 97,304 Short-term Debt – Recourse 308,659 93,002 337,000 Total Short-term Debt $ 392,450 $ 147,031 $ 434,304 Current Maturities of Long-term Debt – Non-Recourse $ 5,212 $ 9,545 $ 7,793 Current Maturities of Long-term Debt – Recourse 75,546 53,354 47,367 Total Current Maturities of Long-term Debt $ 80,758 $ 62,899 $ 55,160 Long-term Debt, Less: Current Maturities – Non-Recourse $ 329,462 $ 330,251 $ 177,955 Long-term Debt, Less: Current Maturities – Recourse 658,064 685,997 804,070 Total Long-term Debt, Less: Current Maturities $ 987,526 $ 1,016,248 $ 982,025

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2020
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: March 31, 2020 December 31, 2019 March 31, 2019 (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 Cash collateral paid $ 22,855 $ — $ 56,005 $ — $ 21,751 $ — Fair value of derivatives 20,977 — (10,323 ) — 38,580 — Balance at end of period $ 43,832 $ — $ 45,682 $ — $ 60,331 $ —
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: March 31, 2020 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 164,700 $ 3,240 $ 9,648 $ 142 $ 177,730 Commodity derivative liabilities (38,485 ) (119 ) (100,139 ) (2,667 ) (141,410 ) Cash collateral paid 22,855 — — — 22,855 Balance sheet line item totals $ 149,070 $ 3,121 $ (90,491 ) $ (2,525 ) $ 59,175 December 31, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 92,429 $ 1,045 $ 7,439 $ 18 $ 100,931 Commodity derivative liabilities (40,571 ) (96 ) (54,381 ) (523 ) (95,571 ) Cash collateral paid 56,005 — — — 56,005 Balance sheet line item totals $ 107,863 $ 949 $ (46,942 ) $ (505 ) $ 61,365 March 31, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 142,262 $ 3,781 $ 665 $ 93 $ 146,801 Commodity derivative liabilities (5,736 ) (24 ) (67,288 ) (3,914 ) (76,962 ) Cash collateral paid 21,751 — — — 21,751 Balance sheet line item totals $ 158,277 $ 3,757 $ (66,623 ) $ (3,821 ) $ 91,590
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 March 31, 2020 , December 31, 2019 and March 31, 2019 : March 31, 2020 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 555,782 — — — Soybeans 33,950 — — — Wheat 92,374 — — — Oats 56,582 — — — Ethanol — 103,252 — — Corn oil — — 6,275 — Other 18,734 1,500 296 2,010 Subtotal 757,422 104,752 6,571 2,010 Exchange traded: Corn 165,295 — — — Soybeans 37,875 — — — Wheat 59,135 — — — Oats 1,490 — — — Ethanol — 44,440 — — Propane — 11,760 — — Other — 11,970 — 213 Subtotal 263,795 68,170 — 213 Total 1,021,217 172,922 6,571 2,223 December 31, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 552,359 — — — Soybeans 34,912 — — — Wheat 100,996 — — — Oats 24,700 — — — Ethanol — 116,448 — — Corn oil — — 14,568 — Other 11,363 4,000 305 2,263 Subtotal 724,330 120,448 14,873 2,263 Exchange traded: Corn 221,740 — — — Soybeans 39,145 — — — Wheat 68,171 — — — Oats 2,090 — — — Ethanol — 175,353 — — Propane — 5,166 — — Other — 15 — 232 Subtotal 331,146 180,534 — 232 Total 1,055,476 300,982 14,873 2,495 March 31, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 624,612 — — — Soybeans 42,859 — — — Wheat 118,909 — — — Oats 26,361 — — — Ethanol — 233,420 — — Corn oil — — 6,733 — Other 5,574 2,032 6 2,508 Subtotal 818,315 235,452 6,739 2,508 Exchange traded: Corn 197,210 — — — Soybeans 47,860 — — — Wheat 103,955 — — — Oats 770 — — — Ethanol — 110,758 — — Gasoline — 12,936 — — Propane — 14,784 — — Other 2 — — 205 Subtotal 349,797 138,478 — 205 Total 1,168,112 373,930 6,739 2,713
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 three months ended March 31, 2020 and 2019 are as follows: Three months ended March 31, (in thousands) 2020 2019 Gains on commodity derivatives included in cost of sales and merchandising revenues $ 30,960 $ 66,419 The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended March 31, (in thousands) 2020 2019 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense), net $ (784 ) $ (990 ) Foreign currency derivative gains (losses) included in Other income (loss), net $ — $ (1,467 ) Derivatives designated as hedging instruments Interest rate derivative gains (losses) included in Other Comprehensive Income (Loss) $ (18,182 ) $ (4,991 ) Interest rate derivatives gains (losses) included in Interest income (expense), net $ (1,290 ) $ 165
Schedule of Fair Value of Interest Rate Derivative Liabilities	At March 31, 2020 , December 31, 2019 and March 31, 2019 , the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) March 31, 2020 December 31, 2019 March 31, 2019 Derivatives not designated as hedging instruments Interest rate contracts included in Other long-term liabilities $ (1,913 ) $ (1,007 ) $ (4,494 ) Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) $ 440 $ 2,742 $ (344 ) Derivatives designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ (8,081 ) $ (3,118 ) $ — Interest rate contracts included in Other long-term assets (Other long-term liabilities) $ (22,620 ) $ (9,382 ) $ (4,552 )
Schedule of Outstanding Interest Rate Derivatives	Outstanding interest rate derivatives, as of March 31, 2020 , 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% Swap 2020 2023 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.8% Swap 2020 2023 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.7% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8%

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, (in thousands) 2020 2019 Revenues under ASC 606 $ 347,502 $ 315,172 Revenues under ASC 842 25,551 28,868 Revenues under ASC 815 1,480,052 1,632,752 Total Revenues $ 1,853,105 $ 1,976,792
Schedule of Disaggregation of Revenues	The following tables disaggregate revenues under ASC 606 by major product/service line for the three months ended March 31, 2020 and 2019 , respectively: Three months ended March 31, 2020 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 73,231 $ — $ 73,231 Primary nutrients — — 45,690 — 45,690 Services 1,686 — 182 8,736 10,604 Ethanol products and co-products 53,165 101,698 — — 154,863 Frac sand and propane 49,875 — — — 49,875 Other 3,989 616 5,810 2,824 13,239 Total $ 108,715 $ 102,314 $ 124,913 $ 11,560 $ 347,502 Three months ended March 31, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 3,938 $ — $ 68,400 $ — $ 72,338 Primary nutrients 427 — 53,089 — 53,516 Service 825 3,436 162 9,947 14,370 Ethanol products and co-products 62,758 21,472 — — 84,230 Frac sand and propane 80,463 — — — 80,463 Other 1,157 — 6,874 2,224 10,255 Total $ 149,568 $ 24,908 $ 128,525 $ 12,171 $ 315,172
Schedule of Opening and Closing Balances of Company's Contract Assets and Liabilities

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2020
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 months ended March 31, 2020 and 2019 : Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended March 31, 2020 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning Balance $ (9,443 ) $ 1,065 $ 258 $ 889 $ (7,231 ) Other comprehensive loss before reclassifications (14,390 ) (6,639 ) — 55 $ (20,974 ) Amounts reclassified from accumulated other comprehensive income (loss) 727 — — (171 ) $ 556 Net current-period other comprehensive income (loss) (13,663 ) (6,639 ) — (116 ) (20,418 ) Ending balance $ (23,106 ) $ (5,574 ) $ 258 $ 773 $ (27,649 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended March 31, 2020 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 Defined Benefit Plan Items Amortization of prior-service cost $ (228 ) (b) (228 ) Total before tax 57 Income tax provision (benefit) $ (171 ) Net of tax Cash Flow Hedges Interest payments $ 969 Interest expense 969 Total before tax (242 ) Income tax provision $ 727 Net of tax Total reclassifications for the period $ 556 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.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings per share	(in thousands, except per common share data) Three months ended March 31, 2020 2019 Net loss attributable to The Andersons, Inc. $ (37,662 ) $ (13,993 ) Earnings per share – basic: Weighted average shares outstanding – basic 32,821 32,501 Earnings per common share – basic $ (1.15 ) $ (0.43 ) Earnings per share – diluted: Weighted average shares outstanding – basic 32,821 32,501 Effect of dilutive awards — — Weighted average shares outstanding – diluted 32,821 32,501 Earnings per common share – diluted $ (1.15 ) $ (0.43 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, 2020 , December 31, 2019 and March 31, 2019 : (in thousands) March 31, 2020 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 43,832 $ 15,343 $ — $ 59,175 Provisionally priced contracts (b) (94,834 ) (51,061 ) — (145,895 ) Convertible preferred securities (c) — — 8,654 8,654 Other assets and liabilities (d) 5,373 (32,614 ) — (27,241 ) Total $ (45,629 ) $ (68,332 ) $ 8,654 $ (105,307 ) (in thousands) December 31, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 45,682 $ 15,683 $ — $ 61,365 Provisionally priced contracts (b) (118,414 ) (68,237 ) — (186,651 ) Convertible preferred securities (c) — — 8,404 8,404 Other assets and liabilities (d) 9,469 (13,507 ) — (4,038 ) Total $ (63,263 ) $ (66,061 ) $ 8,404 $ (120,920 ) (in thousands) March 31, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 60,331 $ 31,259 $ — $ 91,590 Provisionally priced contracts (b) (48,430 ) (49,393 ) — (97,823 ) Convertible preferred securities (c) — — 7,404 7,404 Other assets and liabilities (d) 5,772 (4,494 ) — 1,278 Total $ 17,673 $ (22,628 ) $ 7,404 $ 2,449
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) 2020 2019 Assets (liabilities) at January 1, $ 8,404 $ 7,154 Additional Investments 250 250 Assets (liabilities) at March 31, $ 8,654 $ 7,404
Fair Value Inputs, Assets, Quantitative Information	The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of March 31, 2020 , December 31, 2019 and March 31, 2019 : Quantitative Information about Recurring Level 3 Fair Value Measurements (in thousands) Fair Value as of March 31, 2020 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 8,654 Implied based on market prices N/A N/A (in thousands) Fair Value as of December 31, 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 March 31, 2019 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 7,404 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. Quantitative Information about Non-recurring Level 3 Fair Value Measurements (in thousands) Fair Value as of December 31, 2019 Valuation Method Unobservable Input Weighted Average Frac sand assets (a) $ 16,546 Third party appraisal Various N/A Real property (b) 608 Market approach Various N/A Equity method investment (c) 12,424 Discounted cash flow analysis Various N/A (a) The Company recognized impairment charges on long lived related to its frac sand business. The fair value of the assets were determined using prior transactions and third-party appraisals. These measures are considered Level 3 inputs on a nonrecurring basis. (b) The Company recognized impairment charges on certain Trade assets and measured the fair value using Level 3 inputs on a nonrecurring basis. The fair value of the assets were determined using prior transactions in the local market and a recent sale of comparable Trade group assets held by the Company. (c) The Company recorded an other-than-temporary impairment charge on an existing equity method investment. The fair value of the investment was determined using a discounted cash flow analysis. There were no non-recurring fair value measurements as of March 31, 2020 and March 31, 2019 .
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) March 31, December 31, March 31, Fair value of long-term debt, including current maturities $ 1,113,042 $ 1,096,010 $ 1,043,503 Fair value in excess of carrying value (a) 36,461 8,257 2,318 (a) Carrying value used for this purpose excludes unamortized debt issuance costs.

Related Parties (Tables)

Related Parties (Tables)	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Schedule of related party transactions	The following table sets forth the related party transactions entered into for the time periods presented: Three months ended March 31, (in thousands) 2020 2019 Sales revenues $ 54,694 $ 61,168 Service fee revenues (a) — 4,112 Purchases of product and capital assets 15,577 169,229 Lease income (b) 147 1,014 Labor and benefits reimbursement (c) — 3,857 (a) Service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains (DDG) marketing fees, and other commissions. These revenues are now eliminated in consolidation as a result of the TAMH merger. (b) Lease income includes certain railcars leased to related parties and the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities from the prior period and are now eliminated in consolidation as a result of the TAMH merger. (c) Prior to the TAMH merger the Company provided all operations labor to the unconsolidated ethanol LLCs and charged them an amount equal to the Company's costs of the related services for the prior periods. (in thousands) March 31, 2020 December 31, 2019 March 31, 2019 Accounts receivable (d) $ 6,586 $ 10,603 $ 20,134 Accounts payable (e) 6,364 12,303 24,644 (d) Accounts receivable represents amounts due from related parties for the sale of ethanol and other various items. (e) Accounts payable represents amounts due to related parties for purchases of ethanol equipment and other various items.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
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 March 31, (in thousands) 2020 2019 Revenues from external customers Trade $ 1,378,040 $ 1,537,686 Ethanol 313,039 269,166 Plant Nutrient 124,913 128,525 Rail 37,113 41,415 Total $ 1,853,105 $ 1,976,792 Three months ended March 31, (in thousands) 2020 2019 Inter-segment sales Trade $ 609 $ 181 Plant Nutrient 887 20 Rail 1,605 1,275 Total $ 3,101 $ 1,476 Three months ended March 31, (in thousands) 2020 2019 Income (loss) before income taxes, net of noncontrolling interest Trade $ (9,983 ) $ (17,903 ) Ethanol (23,976 ) 3,011 Plant Nutrient (1,192 ) (3,929 ) Rail 1,007 4,312 Other (4,982 ) (4,926 ) Income (loss) before income taxes, net of noncontrolling interest (39,126 ) (19,435 ) Noncontrolling interests (13,449 ) (155 ) Income (loss) before income taxes $ (52,575 ) $ (19,590 ) (in thousands) March 31, 2020 December 31, 2019 March 31, 2019 Identifiable assets Trade $ 1,878,812 $ 2,012,060 $ 2,116,254 Ethanol 653,928 690,548 333,060 Plant Nutrient 434,512 383,781 455,529 Rail 658,271 693,931 642,596 Other 127,168 120,421 112,813 Total $ 3,752,691 $ 3,900,741 $ 3,660,252

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2020
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow Supplemental Information	Certain supplemental cash flow information, including noncash investing and financing activities for the three months ended March 31, 2020 and 2019 are as follows: Three months ended March 31, (in thousands) 2020 2019 Supplemental disclosure of cash flow information Interest paid $ 16,180 $ 16,711 Noncash investing and financing activity Dividends declared not yet paid 5,748 5,527 Capital projects incurred but not yet paid 8,459 15,974 Equity issued in conjunction with acquisition — 123,146 Removal of pre-existing equity method investment — (159,459 ) Purchase price holdback/ other accrued liabilities — 31,518

Business Acquisitions (Tables)

Business Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2020
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The purchase price allocation is preliminary, pending, finalization of deferred income taxes adjustments. A summarized preliminary purchase price allocation is as follows: (in thousands) Non-cash consideration $ 7,318 Investments contributed at fair value 124,662 Investment contributed at cost 50,875 Total purchase price consideration $ 182,855
Schedule of Fair Value of Assets Acquired and Liabilities Assumed	The preliminary purchase price allocation at October 1, 2019, is as follows: (in thousands) Cash and cash equivalents $ 47,042 Accounts receivable 12,175 Inventories 31,765 Other current assets 2,638 Goodwill 2,726 Right of use asset 5,200 Other assets, net 861 Property, plant and equipment, net 321,380 423,787 Trade and other payables 13,461 Accrued expense and other current liabilities 3,011 Other long-term liabilities 209 Long-term lease liabilities 2,230 Long-term debt, including current maturities 47,886 66,797 Marathon Noncontrolling Interest 174,135 Net Assets Acquired $ 182,855 Removal of preexisting ownership interest $ (88,426 ) Pretax gain on derecognition of preexisting ownership interest $ 36,286
Schedule of Pro Forma Financial Information	The summary pro forma financial information for the periods presented below gives effect to the TAMH acquisition as if it had occurred at January 1, 2019. Three months ended March 31, (in thousands) 2020 2019 Net sales $ 1,853,105 $ 2,031,510 Net income (51,111 ) (15,228 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2020
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 three months ended March 31, 2020 are as follows: (in thousands) Trade Ethanol Plant Nutrient Rail Total Balance as of January 1, 2020 $ 127,781 $ 2,726 $ 686 $ 4,167 $ 135,360 Reorganization (a) (5,714 ) 5,714 — — — Balance as of March 31, 2020 $ 122,067 $ 8,440 $ 686 $ 4,167 $ 135,360 (a) Reorganization related to move of the DDG business line from the Trade to Ethanol segment.

Inventories (Details)

Inventories (Details) $ in Thousands, bu in Millions	3 Months Ended
	Mar. 31, 2020USD ($)bu	Mar. 31, 2019USD ($)bu	Dec. 31, 2019USD ($)bu
Inventory [Line Items]
Grain and other agricultural products	$ 750,281	$ 812,361	$ 907,482
Frac sand and propane	5,723	8,172	15,438
Ethanol and co-products	87,706	16,302	95,432
Plant nutrients and cob products	178,028	183,886	146,164
Railcar repair parts	6,338	5,744	6,020
Total inventories	$ 1,028,076	$ 1,026,465	$ 1,170,536
Bushels of grain held in storage for others and excluded from inventory calculations | bu	3.9	1.9	6.4
Inventory write down	$ 10,571	$ 0
COVID-19 Pandemic
Inventory [Line Items]
Inventory write down	$ 10,600

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Components of property, plant and equipment
Land	$ 40,336	$ 40,442	$ 39,552
Land improvements and leasehold improvements	95,327	103,148	82,681
Buildings and storage facilities	381,258	373,961	337,631
Machinery and equipment	861,812	835,156	481,454
Construction in progress	41,824	59,993	151,895
Property, plant and equipment, gross	1,420,557	1,412,700	1,093,213
Less: accumulated depreciation	498,972	474,282	421,408
Property, plant and equipment, net	$ 921,585	$ 938,418	$ 671,805

Property, Plant and Equipment_3

Property, Plant and Equipment (Textual) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 31	$ 17.9
Rail
Property, Plant and Equipment [Line Items]
Depreciation expense on railcar assets leased to others	$ 7.7	$ 6.7

Property, Plant and Equipment_4

Property, Plant and Equipment (Rail Group Assets) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Components of Railcar assets leased to others
Rail Group assets leased to others, gross	$ 740,809	$ 723,004	$ 660,747
Less: accumulated depreciation	143,740	138,706	123,118
Railcar assets leased to others, net	$ 597,069	$ 584,298	$ 537,629

Debt (Details)

Debt (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Debt Instrument [Line Items]
Short-term debt	$ 392,450,000	$ 147,031,000	$ 434,304,000
Long-term debt
Current maturities of long-term debt	80,758,000	62,899,000	55,160,000
Total Current Maturities of Long-term Debt	80,758,000	62,899,000	55,160,000
Long-term debt, less current maturities	987,526,000	1,016,248,000	982,025,000
Total Long-term Debt, Less: Current Maturities	987,526,000	1,016,248,000	982,025,000
Nonrecourse
Debt Instrument [Line Items]
Short-term debt	83,791,000	54,029,000	97,304,000
Long-term debt
Current maturities of long-term debt	5,212,000	9,545,000	7,793,000
Long-term debt, less current maturities	658,064,000	685,997,000	804,070,000
Recourse
Debt Instrument [Line Items]
Short-term debt	308,659,000	93,002,000	337,000,000
Long-term debt
Current maturities of long-term debt	75,546,000	53,354,000	47,367,000
Long-term debt, less current maturities	329,462,000	$ 330,251,000	$ 177,955,000
Line of credit
Long-term debt
Credit facility, maximum borrowing capacity	1,684,000,000
Total available for borrowings under lines of credit	$ 1,006,400,000

Debt (Textual) (Details)

Debt (Textual) (Details) - Line of credit	Mar. 31, 2020USD ($)
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity	$ 1,684,000,000
Total available for borrowings under lines of credit	$ 1,006,400,000

Derivatives (Textual) (Details)

Derivatives (Textual) (Details)	3 Months Ended
	Mar. 31, 2020
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	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Estimated fair value of Company's commodity derivative instruments for cash collateral and associated cash as collateral
Net derivative asset position, Collateral paid (received)	$ 22,855	$ 56,005	$ 21,751
Net derivative asset position, Fair value of derivatives	20,977	(10,323)	38,580
Net derivative asset position, net	43,832	45,682	60,331
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	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Derivatives, Fair Value [Line Items]
Commodity derivative assets	$ 20,977	$ (10,323)	$ 38,580
Commodity derivative liabilities	0	0	0
Commodity derivative assets - current	149,070	107,863	158,277
Commodity derivative liabilities - current	(90,491)	(46,942)	(66,623)
Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	177,730	100,931	146,801
Commodity derivative liabilities	(141,410)	(95,571)	(76,962)
Cash collateral paid	22,855	56,005
Cash collateral paid			21,751
Total	59,175	61,365	91,590
Commodity | Commodity Derivative Assets - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	164,700	92,429	142,262
Commodity derivative liabilities	(38,485)	(40,571)	(5,736)
Cash collateral paid	22,855	56,005
Cash collateral paid			21,751
Commodity derivative assets - current	149,070	107,863	158,277
Commodity | Commodity Derivative Assets - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	3,240	1,045	3,781
Commodity derivative liabilities	(119)	(96)	(24)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative assets - noncurrent	3,121	949	3,757
Commodity | Commodity Derivative Liabilities - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	9,648	7,439	665
Commodity derivative liabilities	(100,139)	(54,381)	(67,288)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative liabilities - current	(90,491)	(46,942)	(66,623)
Commodity | Commodity Derivative Liabilities - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	142	18	93
Commodity derivative liabilities	(2,667)	(523)	(3,914)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative liabilities - noncurrent	$ (2,525)	$ (505)	$ (3,821)

Derivatives (Pre-tax Gains and

Derivatives (Pre-tax Gains and Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Commodity | Cost of sales and merchandising revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives instruments recognized in earnings	$ 30,960	$ 66,419
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	(784)	(990)
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	0	(1,467)
Designated as Hedging Instrument | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative gains (losses) included in Other Comprehensive Income (Loss)	(18,182)	(4,991)
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), net	$ (1,290)	$ 165

Derivatives (Volume of Contract

Derivatives (Volume of Contracts Outstanding) (Details) lb in Thousands, gal in Thousands, bu in Thousands, T in Thousands	Mar. 31, 2020lb	Mar. 31, 2020bu	Mar. 31, 2020T	Mar. 31, 2020gal	Dec. 31, 2019lb	Dec. 31, 2019bu	Dec. 31, 2019T	Dec. 31, 2019gal	Mar. 31, 2019lb	Mar. 31, 2019bu	Mar. 31, 2019T	Mar. 31, 2019gal
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	6,571	1,021,217	2,223	172,922	14,873	1,055,476	2,495	300,982	6,739	1,168,112	2,713	373,930
Non-exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	6,571	757,422	2,010	104,752	14,873	724,330	2,263	120,448	6,739	818,315	2,508	235,452
Non-exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	555,782	0	0	0	552,359	0	0	0	624,612	0	0
Non-exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	33,950	0	0	0	34,912	0	0	0	42,859	0	0
Non-exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	92,374	0	0	0	100,996	0	0	0	118,909	0	0
Non-exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	56,582	0	0	0	24,700	0	0	0	26,361	0	0
Non-exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	103,252	0	0	0	116,448	0	0	0	233,420
Non-exchange Traded | Corn oil
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	6,275	0	0	0	14,568	0	0	0	6,733	0	0	0
Non-exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	296	18,734	2,010	1,500	305	11,363	2,263	4,000	6	5,574	2,508	2,032
Exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	263,795	213	68,170	0	331,146	232	180,534	0	349,797	205	138,478
Exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	165,295	0	0	0	221,740	0	0	0	197,210	0	0
Exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	37,875	0	0	0	39,145	0	0	0	47,860	0	0
Exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	59,135	0	0	0	68,171	0	0	0	103,955	0	0
Exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	1,490	0	0	0	2,090	0	0	0	770	0	0
Exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	44,440	0	0	0	175,353	0	0	0	110,758
Exchange Traded | Natural Gas Liquids [Member]
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount									0	0	0	12,936
Exchange Traded | Propane
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	0	11,760	0	0	0	5,166	0	0	0	14,784
Exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	213	11,970	0	0	232	15	0	2	205	0

Derivatives (Fair Value of the

Derivatives (Fair Value of the Company's Other Derivatives) (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Not Designated as Hedging Instrument | Other long term liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	$ (1,913)	$ (1,007)	$ (4,494)
Not Designated as Hedging Instrument | Accrued expenses and other current liabilities | Foreign currency contract
Derivative [Line Items]
Derivative liabilities	440	2,742	(344)
Designated as Hedging Instrument | Accrued expenses and other current liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	(8,081)	(3,118)	0
Designated as Hedging Instrument | Other assets | Interest rate contracts
Derivative [Line Items]
Derivative assets	$ (22,620)	$ (9,382)	$ (4,552)

Derivatives (Outstanding Intere

Derivatives (Outstanding Interest Rate Derivatives) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Derivative [Line Items]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	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 March 31, 2020 , December 31, 2019 and March 31, 2019 , 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: March 31, 2020 December 31, 2019 March 31, 2019 (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 Cash collateral paid $ 22,855 $ — $ 56,005 $ — $ 21,751 $ — Fair value of derivatives 20,977 — (10,323 ) — 38,580 — Balance at end of period $ 43,832 $ — $ 45,682 $ — $ 60,331 $ — The following table presents, on a gross basis, current and noncurrent commodity derivative assets and liabilities: March 31, 2020 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 164,700 $ 3,240 $ 9,648 $ 142 $ 177,730 Commodity derivative liabilities (38,485 ) (119 ) (100,139 ) (2,667 ) (141,410 ) Cash collateral paid 22,855 — — — 22,855 Balance sheet line item totals $ 149,070 $ 3,121 $ (90,491 ) $ (2,525 ) $ 59,175 December 31, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 92,429 $ 1,045 $ 7,439 $ 18 $ 100,931 Commodity derivative liabilities (40,571 ) (96 ) (54,381 ) (523 ) (95,571 ) Cash collateral paid 56,005 — — — 56,005 Balance sheet line item totals $ 107,863 $ 949 $ (46,942 ) $ (505 ) $ 61,365 March 31, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 142,262 $ 3,781 $ 665 $ 93 $ 146,801 Commodity derivative liabilities (5,736 ) (24 ) (67,288 ) (3,914 ) (76,962 ) Cash collateral paid 21,751 — — — 21,751 Balance sheet line item totals $ 158,277 $ 3,757 $ (66,623 ) $ (3,821 ) $ 91,590 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 three months ended March 31, 2020 and 2019 are as follows: Three months ended March 31, (in thousands) 2020 2019 Gains on commodity derivatives included in cost of sales and merchandising revenues $ 30,960 $ 66,419 The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at March 31, 2020 , December 31, 2019 and March 31, 2019 : March 31, 2020 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 555,782 — — — Soybeans 33,950 — — — Wheat 92,374 — — — Oats 56,582 — — — Ethanol — 103,252 — — Corn oil — — 6,275 — Other 18,734 1,500 296 2,010 Subtotal 757,422 104,752 6,571 2,010 Exchange traded: Corn 165,295 — — — Soybeans 37,875 — — — Wheat 59,135 — — — Oats 1,490 — — — Ethanol — 44,440 — — Propane — 11,760 — — Other — 11,970 — 213 Subtotal 263,795 68,170 — 213 Total 1,021,217 172,922 6,571 2,223 December 31, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 552,359 — — — Soybeans 34,912 — — — Wheat 100,996 — — — Oats 24,700 — — — Ethanol — 116,448 — — Corn oil — — 14,568 — Other 11,363 4,000 305 2,263 Subtotal 724,330 120,448 14,873 2,263 Exchange traded: Corn 221,740 — — — Soybeans 39,145 — — — Wheat 68,171 — — — Oats 2,090 — — — Ethanol — 175,353 — — Propane — 5,166 — — Other — 15 — 232 Subtotal 331,146 180,534 — 232 Total 1,055,476 300,982 14,873 2,495 March 31, 2019 Commodity (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 624,612 — — — Soybeans 42,859 — — — Wheat 118,909 — — — Oats 26,361 — — — Ethanol — 233,420 — — Corn oil — — 6,733 — Other 5,574 2,032 6 2,508 Subtotal 818,315 235,452 6,739 2,508 Exchange traded: Corn 197,210 — — — Soybeans 47,860 — — — Wheat 103,955 — — — Oats 770 — — — Ethanol — 110,758 — — Gasoline — 12,936 — — Propane — 14,784 — — Other 2 — — 205 Subtotal 349,797 138,478 — 205 Total 1,168,112 373,930 6,739 2,713 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 March 31, 2020 , December 31, 2019 and March 31, 2019 , the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) March 31, 2020 December 31, 2019 March 31, 2019 Derivatives not designated as hedging instruments Interest rate contracts included in Other long-term liabilities $ (1,913 ) $ (1,007 ) $ (4,494 ) Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) $ 440 $ 2,742 $ (344 ) Derivatives designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ (8,081 ) $ (3,118 ) $ — Interest rate contracts included in Other long-term assets (Other long-term liabilities) $ (22,620 ) $ (9,382 ) $ (4,552 ) The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended March 31, (in thousands) 2020 2019 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense), net $ (784 ) $ (990 ) Foreign currency derivative gains (losses) included in Other income (loss), net $ — $ (1,467 ) Derivatives designated as hedging instruments Interest rate derivative gains (losses) included in Other Comprehensive Income (Loss) $ (18,182 ) $ (4,991 ) Interest rate derivatives gains (losses) included in Interest income (expense), net $ (1,290 ) $ 165 Outstanding interest rate derivatives, as of March 31, 2020 , 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% Swap 2020 2023 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.8% Swap 2020 2023 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.7% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8%
Not Accounted for as Hedge | Long-term | Swap 1.9%
Derivative [Line Items]
Notional amount	$ 23
Interest rate	1.90%
Not Accounted for as Hedge | Long-term | Collar 3.5% to 4.8%
Derivative [Line Items]
Notional amount	$ 40
Not Accounted for as Hedge | Long-term | Collar 3.5% to 4.8% | Minimum
Derivative [Line Items]
Interest rate	3.50%
Not Accounted for as Hedge | Long-term | Collar 3.5% to 4.8% | Maximum
Derivative [Line Items]
Interest rate	4.80%
Not Accounted for as Hedge | Long-term | Swap 0.0% to 0.8% | Minimum
Derivative [Line Items]
Interest rate	0.00%
Not Accounted for as Hedge | Long-term | Swap 0.0% to 0.8% | Maximum
Derivative [Line Items]
Interest rate	0.80%
Not Accounted for as Hedge | Long-term | Swap 0.0% to 0.8% | Minimum
Derivative [Line Items]
Interest rate	0.00%
Not Accounted for as Hedge | Long-term | Swap 0.0% to 0.8% | Maximum
Derivative [Line Items]
Interest rate	0.80%
Accounted for as Hedge | Long-term | Swap 1.8%
Derivative [Line Items]
Notional amount	$ 20
Interest rate	1.80%
Accounted for as Hedge | Long-term | Swap 2.6%
Derivative [Line Items]
Notional amount	$ 10
Interest rate	2.60%
Accounted for as Hedge | Long-term | Swap 2.7%
Derivative [Line Items]
Notional amount	$ 20
Interest rate	2.70%
Accounted for as Hedge | Long-term | Swap 2.6%
Derivative [Line Items]
Notional amount	$ 40
Interest rate	2.60%
Accounted for as Hedge | Long-term | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 25
Interest rate	2.50%
Accounted for as Hedge | Long-term | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.50%
Accounted for as Hedge | Long-term | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 100
Interest rate	2.50%
Accounted for as Hedge | Long-term | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.50%
Accounted for as Hedge | Long-term | Swap 2.5%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.50%
Accounted for as Hedge | Long-term | Swap 0.8%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	0.80%
Accounted for as Hedge | Long-term | Swap 0.7%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	0.70%
Accounted for as Hedge | Long-term | Swap 0.0% to 0.8%
Derivative [Line Items]
Notional amount	$ 50
Accounted for as Hedge | Long-term | Swap 0.0% to 0.8%
Derivative [Line Items]
Notional amount	$ 50

Revenue (Breakdown of Revenues

Revenue (Breakdown of Revenues by Accounting Standards) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	$ 347,502	$ 315,172
Total Revenues	1,853,105	1,976,792
Revenues under ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	347,502	315,172
Revenues under ASC 842
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total Revenues	25,551	28,868
Revenues under ASC 815
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total Revenues	$ 1,480,052	$ 1,632,752

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Total	$ 347,502	$ 315,172
Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	73,231	72,338
Primary nutrients
Disaggregation of Revenue [Line Items]
Total	45,690	53,516
Service
Disaggregation of Revenue [Line Items]
Total	10,604	14,370
Ethanol products and co-products
Disaggregation of Revenue [Line Items]
Total	154,863	84,230
Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	49,875	80,463
Other
Disaggregation of Revenue [Line Items]
Total	13,239	10,255
Trade
Disaggregation of Revenue [Line Items]
Total	108,715	149,568
Trade | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	3,938
Trade | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	427
Trade | Service
Disaggregation of Revenue [Line Items]
Total	1,686	825
Trade | Ethanol products and co-products
Disaggregation of Revenue [Line Items]
Total	53,165	62,758
Trade | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	49,875	80,463
Trade | Other
Disaggregation of Revenue [Line Items]
Total	3,989	1,157
Ethanol
Disaggregation of Revenue [Line Items]
Total	102,314	24,908
Ethanol | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Ethanol | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Ethanol | Service
Disaggregation of Revenue [Line Items]
Total	0	3,436
Ethanol | Ethanol products and co-products
Disaggregation of Revenue [Line Items]
Total	101,698	21,472
Ethanol | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0	0
Ethanol | Other
Disaggregation of Revenue [Line Items]
Total	616	0
Plant Nutrient
Disaggregation of Revenue [Line Items]
Total	124,913	128,525
Plant Nutrient | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	73,231	68,400
Plant Nutrient | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	45,690	53,089
Plant Nutrient | Service
Disaggregation of Revenue [Line Items]
Total	182	162
Plant Nutrient | Ethanol products and co-products
Disaggregation of Revenue [Line Items]
Total	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	5,810	6,874
Rail
Disaggregation of Revenue [Line Items]
Total	11,560	12,171
Rail | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Rail | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Rail | Service
Disaggregation of Revenue [Line Items]
Total	8,736	9,947
Rail | Ethanol products and co-products
Disaggregation of Revenue [Line Items]
Total	0	0
Rail | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0	0
Rail | Other
Disaggregation of Revenue [Line Items]
Total	$ 2,824	$ 2,224

Revenue (Textual) (Details)

Revenue (Textual) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Jan. 01, 2020
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract Liabilities	$ 65.8		$ 28.5
Service | Transferred over Time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customer, percentage of service revenues	3.00%	5.00%

Revenue (Contract Liabilities B

Revenue (Contract Liabilities Balances) (Details) - USD ($) $ in Millions	Mar. 31, 2020	Jan. 01, 2020
Revenue from Contract with Customer [Abstract]
Contract Liabilities	$ 65.8	$ 28.5

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (1,464)	$ (5,442)
Effective income tax rate	(2.80%)	(27.80%)
Unrecognized tax benefits	$ 25,400	$ 600
Unrecognized tax benefit, reduction of deferred tax asset and refundable credits	21,700
CARES Act, income tax benefit	$ 6,600

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (After-tax Components of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020		Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		$ 1,195,655		$ 876,764
Other comprehensive loss before reclassifications		(20,974)		(2,770)
Amounts reclassified from accumulated other comprehensive income (loss)		556		11,631
Net current-period other comprehensive income (loss)		(20,418)		8,861
Ending Balance		1,113,862		998,286
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		(7,231)		(6,387)
Ending Balance		(27,649)		2,474
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		(9,443)		(126)
Other comprehensive loss before reclassifications		(14,390)		(3,758)
Amounts reclassified from accumulated other comprehensive income (loss)		727		136
Net current-period other comprehensive income (loss)		(13,663)		(3,622)
Ending Balance		(23,106)		(3,748)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		1,065		(11,550)
Other comprehensive loss before reclassifications		(6,639)		943
Amounts reclassified from accumulated other comprehensive income (loss)		0		11,666
Net current-period other comprehensive income (loss)		(6,639)		12,609
Ending Balance		(5,574)		1,059
Investment in Convertible Preferred Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		258		258
Other comprehensive loss before reclassifications	[1]	0		0
Amounts reclassified from accumulated other comprehensive income (loss)		0	[1]	0
Net current-period other comprehensive income (loss)		0		0
Ending Balance		258		258
Defined Benefit Plan Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance		889		5,031
Other comprehensive loss before reclassifications		55		45
Amounts reclassified from accumulated other comprehensive income (loss)		(171)		(171)
Net current-period other comprehensive income (loss)		(116)		(126)
Ending Balance		$ 773		$ 4,905
[1]	All amounts are net of tax. Amounts in parentheses indicate debits

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss (Reclassifications Out of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) before income taxes		$ (52,575)	$ (19,590)
Income tax provision (benefit)		1,464	5,442
Net loss		(51,111)	(14,148)
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Net loss	[1]	556	11,631
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	[1],[2]	(228)	(228)
Income (loss) before income taxes	[1]	(228)	(228)
Income tax provision (benefit)	[1]	57	57
Net loss	[1]	(171)	(171)
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Cash Flow Hedges
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Interest payments		969	182
Income (loss) before income taxes	[1]	969	182
Income tax provision (benefit)	[1]	(242)	(46)
Net loss	[1]	$ 727	136
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			(11,666)
Income (loss) before income taxes	[1]		11,666
Income tax provision (benefit)	[1]		0
Net loss	[1]		$ 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.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Net income attributable to The Andersons, Inc.	$ (37,662)	$ (13,993)
Earnings per share - basic:
Weighted average shares outstanding - basic (shares)	32,821	32,501
Earnings per common share - basic (dollars per share)	$ (1.15)	$ (0.43)
Earnings per share - diluted:
Weighted average shares outstanding - basic (shares)	32,821	32,501
Effect of dilutive awards (shares)	0	0
Weighted average shares outstanding - diluted (shares)	32,821	32,501
Earnings per common share - diluted (dollars per share)	$ (1.15)	$ (0.43)

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	$ 59,175	$ 61,365	$ 91,590
Provisionally price contracts	[2]	(145,895)	(186,651)	(97,823)
Convertible preferred securities	[3]	8,654	8,404	7,404
Other assets and liabilities	[4]	(27,241)	(4,038)	1,278
Total		(105,307)	(120,920)	2,449
Level 1
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	43,832	45,682	60,331
Provisionally price contracts	[2]	(94,834)	(118,414)	(48,430)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	5,373	9,469	5,772
Total		(45,629)	(63,263)	17,673
Level 2
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	15,343	15,683	31,259
Provisionally price contracts	[2]	(51,061)	(68,237)	(49,393)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	(32,614)	(13,507)	(4,494)
Total		(68,332)	(66,061)	(22,628)
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]	8,654	8,404	7,404
Other assets and liabilities	[4]	0	0	0
Total		$ 8,654	$ 8,404	$ 7,404
[1]	(a) Includes associated cash posted/received as collateral
[2]	(b) Included in "Provisionally priced contracts" are those instruments based only on underlying futures values (Level 1) and delayed price contracts (Level 2)
[3]	(c) Recorded in “Other assets, net” on the Company’s Consolidated Balance Sheets related to certain available for sale securities.
[4]	(d) Included in other assets and liabilities are assets held by the Company 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
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Reconciliation of Fair Value Measurements Using Level 3
Asset (liability), Beginning Balance	$ 8,404	$ 7,154
Additional investments	250	250
Asset (liability), Ending Balance	8,654	7,404
Fair Value, Recurring [Member] | Implied based on market prices
Reconciliation of Fair Value Measurements Using Level 3
Asset fair value	$ 8,654	$ 7,404	$ 8,404

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Company's Long-term Debt) (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
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		$ 1,113,042	$ 1,096,010	$ 1,043,503
Fair value in excess of carrying value	[1]	$ 36,461	$ 8,257	$ 2,318
[1]	Carrying value used for this purpose excludes unamortized debt issuance costs.

Fair Value Measurements (Asse_2

Fair Value Measurements (Assets and Liabilities Measured on Nonrecurring Basis) (Details) - Trade - Fair Value, Measurements, Recurring - Level 3 $ in Thousands	Dec. 31, 2019USD ($)
Implied based on market prices | Real propert
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 608
Valuation Technique, Discounted Cash Flow [Member] | Equity method investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	12,424
Valuation, Income Approach [Member] | Frac sand assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 16,546

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Related Party Transactions [Abstract]
Sales revenues	$ 54,694	$ 61,168
Service fee revenues	0	4,112
Purchases of product	15,577	169,229
Lease income	147	1,014
Labor and benefits reimbursement	0	3,857
Accounts receivable	6,586	20,134	$ 10,603
Accounts payable	$ 6,364	$ 24,644	$ 12,303

Segment Information (Textual) (

Segment Information (Textual) (Details)	3 Months Ended
	Mar. 31, 2020segment
Segment Reporting Information [Line Items]
Number of reportable segments (business segments)	4

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues from external customers	$ 1,853,105	$ 1,976,792
Income (loss) before income taxes, net of noncontrolling interest	(39,126)	(19,435)
Net loss attributable to the noncontrolling interests	(13,449)	(155)
Income (loss) before income taxes	(52,575)	(19,590)
Total assets	3,752,691	3,660,252	$ 3,900,741
Operating Segments | Trade
Segment Reporting Information [Line Items]
Revenues from external customers	1,378,040	1,537,686
Income (loss) before income taxes, net of noncontrolling interest	(9,983)	(17,903)
Total assets	1,878,812	2,116,254	2,012,060
Operating Segments | Ethanol
Segment Reporting Information [Line Items]
Revenues from external customers	313,039	269,166
Income (loss) before income taxes, net of noncontrolling interest	(23,976)	3,011
Total assets	653,928	333,060	690,548
Operating Segments | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	124,913	128,525
Income (loss) before income taxes, net of noncontrolling interest	(1,192)	(3,929)
Total assets	434,512	455,529	383,781
Operating Segments | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	37,113	41,415
Income (loss) before income taxes, net of noncontrolling interest	1,007	4,312
Total assets	658,271	642,596	693,931
Segment Reconciling Items
Segment Reporting Information [Line Items]
Revenues from external customers	3,101	1,476
Segment Reconciling Items | Trade
Segment Reporting Information [Line Items]
Revenues from external customers	609	181
Segment Reconciling Items | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	887	20
Segment Reconciling Items | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	1,605	1,275
Other
Segment Reporting Information [Line Items]
Income (loss) before income taxes, net of noncontrolling interest	(4,982)	(4,926)
Total assets	$ 127,168	$ 112,813	$ 120,421

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	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Supplemental Cash Flow Information [Abstract]
Interest paid	$ 16,180	$ 16,711
Noncash investing and financing activity
Dividends declared not yet paid	5,748	5,527
Capital projects incurred but not yet paid	$ 8,459	$ 15,974

Business Acquisitions (Textual)

Business Acquisitions (Textual) (Details) - USD ($) $ in Thousands	Oct. 01, 2019	Jan. 01, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill			$ 135,360	$ 119,641	$ 135,360
Effective income tax rate			(2.80%)	(27.80%)
Net sales			$ 1,853,105	$ 2,031,510
Net income			$ (51,111)	$ (15,228)
Lansing Trade Group LLC [Member]
Business Acquisition [Line Items]
Effective income tax rate		25.00%
The Andersons Marathon Holdings LLC
Business Acquisition [Line Items]
Consideration paid for acquisition	$ 182,855
Non-cash consideration	7,318
Marathon Noncontrolling Interest	174,135
Goodwill	$ 2,726
The Andersons Marathon Holdings LLC
Business Acquisition [Line Items]
Ownership percentage by parent	50.10%
Ownership percentage by noncontrolling owners	49.90%

Business Acquisitions (Purchase

Business Acquisitions (Purchase Price Allocation) (Details) - The Andersons Marathon Holdings LLC $ in Thousands	Oct. 01, 2019USD ($)
Business Acquisition [Line Items]
Non-cash consideration	$ 7,318
Investments contributed at fair value	124,662
Investment contributed at cost	50,875
Total purchase price consideration	$ 182,855

Business Acquisitions (Fair Val

Business Acquisitions (Fair Value of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Oct. 01, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019
Business Acquisition [Line Items]
Goodwill		$ 135,360	$ 135,360	$ 119,641
The Andersons Marathon Holdings LLC
Business Acquisition [Line Items]
Cash and cash equivalents	$ 47,042
Accounts receivable	12,175
Inventories	31,765
Other current assets	2,638
Goodwill	2,726
Right of use asset	5,200
Other assets, net	861
Property, plant and equipment, net	321,380
Total Assets Acquired	423,787
Trade and other payables	13,461
Accrued expense and other current liabilities	3,011
Other long-term liabilities	209
Long-term lease liabilities	2,230
Long-term debt, including current maturities	47,886
Total Liabilities Assumed	66,797
Marathon Noncontrolling Interest	174,135
Net Assets Acquired	182,855
Removal of preexisting ownership interest	(88,426)
Pretax gain on derecognition of preexisting ownership interest	$ 36,286

Business Acquisitions (Pro Form

Business Acquisitions (Pro Forma Financial Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Business Combinations [Abstract]
Net sales	$ 1,853,105	$ 2,031,510
Net income	$ (51,111)	$ (15,228)

Goodwill (Details)

Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2020USD ($)
Goodwill [Roll Forward]
Balance as of January 1, 2020	$ 135,360
Reorganization	0
Balance as of March 31, 2020	135,360
Trade
Goodwill [Roll Forward]
Balance as of January 1, 2020	127,781
Reorganization	(5,714)
Balance as of March 31, 2020	122,067
Ethanol
Goodwill [Roll Forward]
Balance as of January 1, 2020	2,726
Reorganization	5,714
Balance as of March 31, 2020	8,440
Plant Nutrient
Goodwill [Roll Forward]
Balance as of January 1, 2020	686
Reorganization	0
Balance as of March 31, 2020	686
Rail
Goodwill [Roll Forward]
Balance as of January 1, 2020	4,167
Reorganization	0
Balance as of March 31, 2020	$ 4,167