The Andersons, Inc. (ANDE) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Cover page

Cover page - shares shares in Millions	6 Months Ended
	Jun. 30, 2020	Jul. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		33
Entity Central Index Key	0000821026
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Current assets:
Cash, cash equivalents and restricted cash	$ 30,011	$ 54,895	$ 11,087
Accounts receivable, net	537,011	536,367	712,294
Inventories	616,323	1,170,536	753,641
Commodity derivative assets – current	112,089	107,863	233,015
Other current assets	102,755	75,681	58,590
Total current assets	1,398,189	1,945,342	1,768,627
Other assets:
Goodwill (Note 16)	135,709	135,360	135,872
Other intangible assets, net	160,180	175,312	188,818
Right of use assets, net	62,838	76,401	74,073
Equity method investments	25,083	23,857	120,929
Other assets, net	23,152	21,753	28,002
Total other assets	406,962	432,683	547,694
Rail Group assets leased to others, net	592,821	584,298	559,711
Property, plant and equipment, net	906,017	938,418	695,827
Total assets	3,303,989	3,900,741	3,571,859
Current liabilities:
Short-term debt	96,071	147,031	426,125
Trade and other payables	503,892	873,081	527,250
Customer prepayments and deferred revenue	45,734	133,585	49,761
Commodity derivative liabilities – current	65,186	46,942	69,369
Current maturities of long-term debt	68,477	62,899	66,678
Accrued expenses and other current liabilities	147,422	176,381	165,383
Total current liabilities	926,782	1,439,919	1,304,566
Long-term lease liabilities	41,061	51,091	48,401
Long-term debt, less current maturities	975,973	1,016,248	1,007,012
Deferred income taxes	162,475	146,155	146,839
Other long-term liabilities	65,615	51,673	44,402
Total liabilities	2,171,906	2,705,086	2,551,220
Commitments and contingencies
Shareholders’ equity:
Common shares, without par value (63,000 shares authorized; 33,599 shares issued at 6/30/2020, 33,550 shares issued at 12/31/2019 and 33,357 shares issued at 6/30/2019)	138	137	137
Preferred shares, without par value (1,000 shares authorized; none issued)	0	0	0
Additional paid-in-capital	343,730	345,359	331,186
Treasury shares, at cost (40, 207 and 173 shares at 6/30/2020, 12/31/2019 and 6/30/2019, respectively)	(953)	(7,342)	(6,449)
Accumulated other comprehensive loss	(26,245)	(7,231)	(6,241)
Retained earnings	622,718	642,687	651,481
Total shareholders’ equity of The Andersons, Inc.	939,388	973,610	970,114
Noncontrolling interests	192,695	222,045	50,525
Total equity	1,132,083	1,195,655	1,020,639
Total liabilities and equity	$ 3,303,989	$ 3,900,741	$ 3,571,859
Preferred Stock, Shares Issued	0	0	0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Statement of Financial Position [Abstract]
Common shares, without par value (dollars per share)	$ 0	$ 0	$ 0
Common shares, shares authorized (shares)	63,000,000	63,000,000	63,000,000
Common shares, shares issued (shares)	33,599,000	33,550,000	33,357,000
Preferred shares, par value (dollars per share)	$ 0	$ 0	$ 0
Preferred shares, shares authorized (shares)	1,000,000	1,000,000	1,000,000
Preferred shares, shares issued (shares)	0	0	0
Treasury shares, at cost (shares)	40,000	207,000	173,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenues from external customers	$ 1,890,180	$ 2,325,041	$ 3,743,286	$ 4,301,833
Cost of sales and merchandising revenues	1,783,914	2,164,313	3,573,890	4,031,441
Gross profit	106,266	160,728	169,396	270,392
Operating, administrative and general expenses	90,136	106,918	195,196	220,267
Asset impairment	0	3,081	0	3,081
Interest expense, net	11,827	15,727	27,414	31,637
Other income, net:
Equity in earnings (loss) of affiliates, net	79	(157)	209	1,362
Other income, net	3,450	5,563	8,263	4,049
Income (loss) before income taxes	7,832	40,408	(44,742)	20,818
Income tax (benefit) provision	(12,200)	10,997	(13,664)	5,555
Net income (loss)	20,032	29,411	(31,078)	15,263
Net loss attributable to the noncontrolling interests	(10,407)	(477)	(23,856)	(632)
Net income (loss) attributable to The Andersons, Inc.	$ 30,439	$ 29,888	$ (7,222)	$ 15,895
Per common share:
Basic earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	$ 0.92	$ 0.92	$ (0.22)	$ 0.49
Diluted earnings attributable to The Andersons, Inc. common shareholders (dollars per share)	$ 0.92	$ 0.91	$ (0.22)	$ 0.48

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 20,032	$ 29,411	$ (31,078)	$ 15,263
Other comprehensive income (loss), net of tax:
Change in unrecognized actuarial income (loss) and prior service cost (net of income tax of $8, $(250), $(18) and $(293))	15	(728)	(101)	(854)
Cash flow hedge activity (net of income tax of $(615), $(1,974), $(5,134) and $(3,175))	(1,860)	(5,952)	(15,523)	(9,574)
Foreign currency translation adjustments	3,249	(2,035)	(3,390)	10,574
Other comprehensive income (loss)	1,404	(8,715)	(19,014)	146
Comprehensive income (loss)	21,436	20,696	(50,092)	15,409
Comprehensive loss attributable to the noncontrolling interests	(10,407)	(477)	(23,856)	(632)
Comprehensive income (loss) attributable to The Andersons, Inc.	31,843	21,173	(26,236)	16,041
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Change in unrecognized actuarial loss and prior service cost, tax	$ 8	$ (250)	$ (18)	$ (293)
Cash flow hedge activity, tax	(615)	(1,974)	(5,134)	(3,175)
Foreign currency translation adjustments, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net income (loss)	$ (31,078)	$ 15,263
Adjustments to reconcile net income (loss) to cash used in operating activities:
Depreciation and amortization	93,898	64,146
Bad debt expense	6,290	1,703
Equity in earnings of affiliates, net of dividends	(209)	(1,034)
Gains on sales of Rail Group assets and related leases	(569)	(1,298)
Gain (Loss) on Disposition of Assets	341	106
Stock-based compensation expense	5,016	7,292
Deferred federal income tax	21,761	5,793
Inventory write down	10,922	0
Asset impairment	0	3,081
Other	2,797	1,102
Changes in operating assets and liabilities:
Accounts receivable	(9,181)	(181,917)
Inventories	536,951	394,630
Commodity derivatives	14,980	(82,933)
Other assets	(24,784)	27,420
Payables and other accrued expenses	(481,624)	(338,201)
Net cash provided by (used in) operating activities	145,511	(84,847)
Investing Activities
Acquisition of business, net of cash acquired	0	(147,693)
Purchases of Rail Group assets	(24,649)	(43,435)
Proceeds from sale of Rail Group assets	4,637	7,389
Purchases of property, plant and equipment and capitalized software	(44,644)	(87,209)
Proceeds from sale of assets	1,503	795
Purchase of investments	(2,849)	(1,240)
Net cash used in investing activities	(66,002)	(271,393)
Financing Activities
Net change in short-term borrowings	(47,564)	(660)
Proceeds from issuance of long-term debt	165,975	748,099
Payments of long-term debt	(203,835)	(390,528)
Contributions by noncontrolling interest owner	4,409	4,715
Distributions to noncontrolling interest owner	(10,298)	0
Payments of debt issuance costs	(250)	(5,788)
Dividends paid	(11,469)	(11,041)
Other	(2,036)	(387)
Net cash (used in) provided by financing activities	(105,068)	344,410
Effect of exchange rates on cash, cash equivalents and restricted cash	675	324
Decrease in cash, cash equivalents and restricted cash	(24,884)	(11,506)
Cash, cash equivalents and restricted cash at beginning of period	54,895	22,593
Cash, cash equivalents and restricted cash at end of period	$ 30,011	$ 11,087

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, adjustment	Adoption of accounting standard, adjustmentRetained 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)	15,263					15,895	(632)
Other comprehensive loss	(11,314)				(11,314)
Amounts reclassified from accumulated other comprehensive loss	11,460				11,460
Contributions from noncontrolling interests	4,715						4,715
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	7,680		(21,018)	28,698
Dividends declared per common share	(11,059)					(11,059)
Stock awards granted due to acquisition	127,841	41	127,800
Restricted share award dividend equivalents	0		8	153		(161)
Ending Balance at Jun. 30, 2019	1,020,639	137	331,186	(6,449)	(6,241)	651,481	50,525
Beginning Balance at Mar. 31, 2019	998,286	137	324,753	(7,216)	2,474	627,136	51,002
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	29,411					29,888	(477)
Other comprehensive loss	(8,544)				(8,544)
Amounts reclassified from accumulated other comprehensive loss	(171)				(171)
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	2,492		1,738	754
Dividends declared per common share	(5,530)					(5,530)
Stock award purchase price accounting adjustment	4,695		4,695
Restricted share award dividend equivalents	0			13		(13)
Ending Balance at Jun. 30, 2019	1,020,639	137	331,186	(6,449)	(6,241)	651,481	50,525
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)	(31,078)					(7,222)	(23,856)
Other comprehensive loss	(21,208)				(21,208)
Amounts reclassified from accumulated other comprehensive loss	2,194				2,194
Contributions from noncontrolling interests	4,409						4,409
Distributions to noncontrolling interests	(10,298)						(10,298)
Noncontrolling interests recognized in connection with business combination	(64)		(459)				395
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	3,986	1	(1,170)	5,998		(843)
Dividends declared per common share	(11,513)					(11,513)
Restricted share award dividend equivalents	0			391		(391)
Ending Balance at Jun. 30, 2020	1,132,083	138	343,730	(953)	(26,245)	622,718	192,695
Beginning Balance at Mar. 31, 2020	1,113,862	137	341,382	(652)	(27,649)	599,039	201,605
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	20,032					30,439	(10,407)
Other comprehensive loss	(234)				(234)
Amounts reclassified from accumulated other comprehensive loss	1,638				1,638
Contributions from noncontrolling interests	1,102						1,102
Noncontrolling interests recognized in connection with business combination	(64)		(459)				395
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	1,511	1	2,807	(454)		(843)
Dividends declared per common share	(5,764)					(5,764)
Restricted share award dividend equivalents	0			153		(153)
Ending Balance at Jun. 30, 2020	$ 1,132,083	$ 138	$ 343,730	$ (953)	$ (26,245)	$ 622,718	$ 192,695

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 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	$ 0.1700
Adoption of accounting standard, income tax			$ 237

Basis of Presentation and Conso

Basis of Presentation and Consolidation	6 Months Ended
	Jun. 30, 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 noncontrolling interests. All intercompany accounts and transactions are eliminated in consolidation. Certain prior year amounts have been reclassified to conform to current year presentation. 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 June 30, 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”). 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 simplifies 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	6 Months Ended
	Jun. 30, 2020
Inventory, Net [Abstract]
Inventories	Inventories Major classes of inventories are as follows: (in thousands) June 30, December 31, June 30, Grain and other agricultural products $ 452,339 $ 907,482 $ 603,318 Frac sand and propane 6,498 15,438 9,287 Ethanol and co-products 63,195 95,432 26,185 Plant nutrients and cob products 87,346 146,164 109,156 Railcar repair parts 6,945 6,020 5,695 Total Inventories $ 616,323 $ 1,170,536 $ 753,641 Inventories on the Condensed Consolidated Balance Sheets do not include 1.7 million, 6.4 million and 1.3 million bushels of grain held in storage for others as of June 30, 2020, December 31, 2019 and June 30, 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.

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 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) June 30, December 31, June 30, Land $ 40,188 $ 40,442 $ 39,241 Land improvements and leasehold improvements 96,028 103,148 84,127 Buildings and storage facilities 377,652 373,961 327,418 Machinery and equipment 881,144 835,156 514,030 Construction in progress 35,982 59,993 164,532 1,430,994 1,412,700 1,129,348 Less: accumulated depreciation 524,977 474,282 433,521 Property, plant and equipment, net $ 906,017 $ 938,418 $ 695,827 Depreciation expense on property, plant and equipment was $62.3 million and $32.7 million for the six months ended June 30, 2020 and 2019, respectively. Additionally, depreciation expense on property, plant and equipment was $31.2 million and $15.0 million for the three months ended June 30, 2020 and 2019, respectively. In the second quarter of 2019, the Company recorded a $3.1 million impairment related to its remaining Tennessee facilities in the Trade group. The Company wrote down the assets to the extent their carrying values exceeded their fair value. The Company classified the significant assumptions used to determine the fair value of the impaired assets as Level 3 inputs in the fair value hierarchy. Rail Group Assets The components of Rail Group assets leased to others are as follows: (in thousands) June 30, December 31, June 30, Rail Group assets leased to others $ 742,107 $ 723,004 $ 688,320 Less: accumulated depreciation 149,286 138,706 128,609 Rail Group assets, net $ 592,821 $ 584,298 $ 559,711 Depreciation expense on Rail Group assets leased to others amounted to $15.4 million and $13.7 million for the six months ended June 30, 2020 and 2019, respectively. Additionally, depreciation expense on Rail Group assets leased to others amounted to $7.7 million and $7.0 million for the three months ended June 30, 2020 and 2019, respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt Short-term and long-term debt at June 30, 2020, December 31, 2019 and June 30, 2019 consisted of the following: (in thousands) June 30, December 31, June 30, Short-term debt – non-recourse $ 43,284 $ 54,029 $ 75,476 Short-term debt – recourse 52,787 93,002 350,649 Total short-term debt $ 96,071 $ 147,031 $ 426,125 Current maturities of long-term debt – non-recourse $ 4,845 $ 9,545 $ 8,903 Current maturities of long-term debt – recourse 63,632 53,354 57,775 Total current maturities of long-term debt $ 68,477 $ 62,899 $ 66,678 Long-term debt, less: current maturities – non-recourse $ 325,819 $ 330,250 $ 198,560 Long-term debt, less: current maturities – recourse 650,154 685,998 808,452 Total long-term debt, less: current maturities $ 975,973 $ 1,016,248 $ 1,007,012

Derivatives

Derivatives	6 Months Ended
	Jun. 30, 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” futures 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 commodity 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 June 30, 2020, December 31, 2019 and June 30, 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: June 30, 2020 December 31, 2019 June 30, 2019 (in thousands) Net Net Net Net Net Net Cash collateral paid $ 799 $ — $ 56,005 $ — $ 109,346 $ — Fair value of derivatives 21,363 — (10,323) — (5,996) — Balance at end of period $ 22,162 $ — $ 45,682 $ — $ 103,350 $ — The following table presents, on a gross basis, current and noncurrent commodity derivative assets and liabilities: June 30, 2020 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 142,110 $ 2,916 $ 5,511 $ 124 $ 150,661 Commodity derivative liabilities (30,820) (214) (70,697) (3,813) (105,544) Cash collateral paid 799 — — — 799 Balance sheet line item totals $ 112,089 $ 2,702 $ (65,186) $ (3,689) $ 45,916 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 June 30, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 166,652 $ 6,748 $ 3,360 $ 57 $ 176,817 Commodity derivative liabilities (42,983) (587) (72,729) (4,042) (120,341) Cash collateral paid 109,346 — — — 109,346 Balance sheet line item totals $ 233,015 $ 6,161 $ (69,369) $ (3,985) $ 165,822 The net pre-tax 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 six months ended June 30, 2020 and 2019 are as follows: Three months ended June 30, Six months ended June 30, 2020 (in thousands) 2020 2019 2020 2019 Gains (losses) on commodity derivatives included in cost of sales and merchandising revenues $ 8,797 $ (13,364) $ 39,757 $ 57,291 The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at June 30, 2020, December 31, 2019 and June 30, 2019: June 30, 2020 (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 437,275 — — — Soybeans 50,012 — — — Wheat 95,133 — — — Oats 49,053 — — — Ethanol — 141,549 — — Corn oil — — 8,098 — Other 25,005 5,000 415 2,370 Subtotal 656,478 146,549 8,513 2,370 Exchange traded: Corn 287,840 — — — Soybeans 36,970 — — — Wheat 67,040 — — — Oats 685 — — — Ethanol — 27,300 — — Propane — 28,602 — — Other — 13,650 340 208 Subtotal 392,535 69,552 340 208 Total 1,049,013 216,101 8,853 2,578 December 31, 2019 (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 June 30, 2019 (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 648,434 — — — Soybeans 59,594 — — — Wheat 93,621 — — — Oats 40,582 — — — Ethanol — 211,352 — — Corn oil — — 8,809 — Other 23,875 2,532 — 3,179 Subtotal 866,106 213,884 8,809 3,179 Exchange traded: Corn 317,405 — — — Soybeans 52,762 — — — Wheat 55,150 — — — Oats 1,045 — — — Ethanol — 82,988 — — Propane — 13,230 — — Other — 35 — 180 Subtotal 426,362 96,253 — 180 Total 1,292,468 310,137 8,809 3,359 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 designated as hedging instruments 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 June 30, 2020, December 31, 2019 and June 30, 2019, the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) June 30, 2020 December 31, 2019 June 30, 2019 Derivatives not designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ (1,174) $ — $ — Interest rate contracts included in Other long-term liabilities (553) (1,007) (10,750) Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) 791 2,742 (22) Derivatives designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities (8,806) (3,118) — Interest rate contracts included in Other long-term liabilities $ (24,388) $ (9,382) $ (10,587) The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense), net $ 186 $ (1,065) $ (720) $ (2,055) Foreign currency derivative losses included in Other income (loss), net — (366) — (1,833) Derivatives designated as hedging instruments Interest rate derivative losses included in Other Comprehensive Income (Loss) (2,475) (7,926) (20,657) (12,917) Interest rate derivatives gains (losses) included in Interest income (expense), net $ (1,917) $ — $ (2,700) $ 165 Outstanding interest rate derivatives, as of June 30, 2020, are as follows: Interest Rate Hedging Instrument Year Entered Year of Maturity Initial Notional Amount 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 2018 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	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Revenues under ASC 606 $ 459,105 $ 494,266 $ 806,607 $ 809,438 Revenues under ASC 842 24,768 31,836 50,319 60,704 Revenues under ASC 815 1,406,307 1,798,939 2,886,360 3,431,691 Total Revenues $ 1,890,180 $ 2,325,041 $ 3,743,286 $ 4,301,833 The remainder of this note applies only to those revenues that are accounted for under ASC 606. Disaggregation of revenue The following tables disaggregate revenues under ASC 606 by major product/service line for the three and six months ended June 30, 2020 and 2019, respectively: Three months ended June 30, 2020 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 82,634 $ — $ 82,634 Primary nutrients — — 188,463 — 188,463 Services 2,357 — 2,596 8,658 13,611 Products and co-products 63,344 75,773 — — 139,117 Frac sand and propane 21,439 — — — 21,439 Other 5,330 352 6,132 2,027 13,841 Total $ 92,470 $ 76,125 $ 279,825 $ 10,685 $ 459,105 Three months ended June 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 31,870 $ — $ 87,665 $ — $ 119,535 Primary nutrients 22,364 — 174,907 — 197,271 Service 7,745 3,547 1,696 9,278 22,266 Products and co-products 55,943 32,047 — — 87,990 Frac sand and propane 56,767 — — — 56,767 Other 2,537 35 6,309 1,556 10,437 Total $ 177,226 $ 35,629 $ 270,577 $ 10,834 $ 494,266 Six months ended June 30, 2020 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 155,865 $ — $ 155,865 Primary nutrients — — 234,153 — 234,153 Service 4,043 — 2,778 17,394 24,215 Products and co-products 116,509 177,472 — — 293,981 Frac sand and propane 71,314 — — — 71,314 Other 9,318 968 11,942 4,851 27,079 Total $ 201,184 $ 178,440 $ 404,738 $ 22,245 $ 806,607 Six months ended June 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 35,808 $ — $ 156,065 $ — $ 191,873 Primary nutrients 22,791 — 227,996 — 250,787 Service 8,570 6,983 1,858 19,225 36,636 Products and co-products 118,701 53,517 — — 172,218 Frac sand and propane 137,230 — — — 137,230 Other 3,697 35 13,183 3,779 20,694 Total $ 326,797 $ 60,535 $ 399,102 $ 23,004 $ 809,438 Approximately 3% and 4% of revenues accounted for under ASC 606 during both three months periods ended June 30, 2020 and 2019, respectively, are recorded over time which primarily relates to service revenues noted above. Additionally, during the six months ended June 30, 2020 and 2019, approximately 3% and 4% of revenues were accounted for under ASC 606, respectively. Contract balances The balances of the Company’s contract liabilities were $9.7 million and $28.5 million as of June 30, 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. Further, due to seasonality of this business, contract liabilities were built up at year-end and through the first quarter of the year in preparation for the spring planting season. In the second quarter, the decrease in liabilities is due to the revenue recognized in the current period as the built up liabilities were relieved as obligations were met.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Historically, we calculated our provision for income taxes during interim reporting periods by applying the estimated annual effective tax rate for the full fiscal year to pre-tax income or loss, excluding discrete items, for the reporting period. We determined that since small changes in estimated pre-tax income or loss would result in significant changes in the estimated annual effective tax rate, the historical method would not provide a reliable estimate of income taxes in the second quarter of 2020. For the six months ended on June 30, 2020, the Company utilized the discrete effective tax rate method to calculate the interim tax provision. The discrete method treats the year-to-date period as if it were the annual period and determines the income tax expense or benefit on that basis. The discrete method is applied for scenarios where small changes in estimated pre-tax book income would result in significant changes in the estimated annual effective tax rate that may result in an unreliable estimate of income taxes. For the three months ended June 30, 2020, the Company recorded an income tax benefit of $12.2 million at an effective income tax rate of 155.8%. The annual effective tax rate differs from the statutory U.S. Federal tax rate as the tax expense from consolidated pre-tax income is offset by tax benefits from the portion of income owned by noncontrolling interests and net operating loss carrybacks as a result of the CARES Act. The change in effective tax rate for the three months ended June 30, 2020 as compared to the same period last year was primarily attributed to the impacts of the portion of pre-tax book income owned by noncontrolling interests, coupled with additional benefits from the CARES Act. For the three months ended June 30, 2019, the Company recorded an income tax expense of $11.0 million at an effective income tax rate of 27.2%. For the six months ended June 30, 2020, the Company recorded an income tax benefit of $13.7 million at an effective income tax rate of 30.5%. The annual effective tax rate differs from the statutory U.S. Federal tax rate as the tax benefit from consolidated pre-tax losses is offset by the portion of losses owned by noncontrolling interests that do not provide for a tax benefit, as well as impacts from foreign earnings, GILTI, and non-deductible compensation. These impacts are further offset by tax benefits from net operating loss carry backs as a result of the CARES Act. The increase in effective tax rate for the six months ended June 30, 2020 as compared to the same period last year was primarily attributed to the tax benefit generated from the current period loss before taxes offset by the effect of noncontrolling interest in the discrete effective tax rate, and additional tax benefits from net operating loss carry backs as a result of the CARES Act. For the six months ended June 30, 2019, the Company recorded an income tax expense of $5.6 million at an effective income tax rate of 26.7%. 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 $24.7 million as of June 30, 2020, and $0.6 million for the period ended June 30, 2019. The unrecognized tax benefits of $24.7 million include $22.3 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 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

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2020 and 2019: Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended June 30, 2020 Six months ended June 30, 2020 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning balance $ (23,106) $ (5,574) $ 258 $ 773 $ (27,649) $ (9,443) $ 1,065 $ 258 $ 889 $ (7,231) Other comprehensive loss before reclassifications (3,669) 3,249 — 186 (234) (18,059) (3,390) — 241 (21,208) Amounts reclassified from accumulated other comprehensive income (loss) 1,809 — — (171) 1,638 2,536 — — (342) 2,194 Net current-period other comprehensive income (loss) (1,860) 3,249 — 15 1,404 (15,523) (3,390) — (101) (19,014) Ending balance $ (24,966) $ (2,325) $ 258 $ 788 $ (26,245) $ (24,966) $ (2,325) $ 258 $ 788 $ (26,245) (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 June 30, 2019 Six months ended June 30, 2019 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning balance $ (3,748) $ 1,059 $ 258 $ 4,905 $ 2,474 $ (126) $ (11,550) $ 258 $ 5,031 $ (6,387) Other comprehensive loss before reclassifications (5,952) (2,035) — (557) (8,544) (9,710) (1,092) — (512) (11,314) Amounts reclassified from accumulated other comprehensive income (loss) (b) — — — (171) (171) 136 11,666 — (342) 11,460 Net current-period other comprehensive income (loss) (5,952) (2,035) — (728) (8,715) (9,574) 10,574 — (854) 146 Ending balance $ (9,700) $ (976) $ 258 $ 4,177 $ (6,241) $ (9,700) $ (976) $ 258 $ 4,177 $ (6,241) (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 June 30, 2020 Six months ended June 30, 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 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) $ (456) (b) (228) Total before tax (456) Total before tax 57 Income tax provision (benefit) 114 Income tax provision $ (171) Net of tax $ (342) Net of tax Cash Flow Hedges Interest payments $ 2,412 Interest expense $ 3,381 Interest expense 2,412 Total before tax 3,381 Total before tax (603) Income tax provision (845) Income tax provision $ 1,809 Net of tax $ 2,536 Net of tax Total reclassifications for the period $ 1,638 Net of tax $ 2,194 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 June 30, 2019 Six months ended June 30, 2019 Details about Accumulated Other Comprehensive Income (Loss) Components Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Statement Where Net Income Is Presented Defined Benefit Plan Items Amortization of prior-service cost $ (228) (b) $ (456) (b) (228) Total before tax (456) Total before tax 57 Income tax provision (benefit) 114 Income tax provision $ (171) Net of tax $ (342) Net of tax Cash Flow Hedges Interest payments $ — Interest expense $ 182 Interest expense — Total before tax 182 Total before tax — Income tax provision (46) Income tax provision $ — Net of tax $ 136 Net of tax Foreign Currency Translation Adjustment Realized loss on pre-existing investment $ — Other income, net $ 11,666 Other income, net — Total before tax 11,666 Total before tax — Income tax provision — Income tax provision $ — Net of tax $ 11,666 Net of tax Total reclassifications for the period $ (171) Net of tax $ 11,460 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	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share (in thousands, except per common share data) Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Net income (loss) attributable to The Andersons, Inc. $ 30,439 $ 29,888 $ (7,222) $ 15,895 Earnings per share – basic: Weighted average shares outstanding – basic 32,932 32,521 32,876 32,511 Earnings per common share – basic $ 0.92 $ 0.92 $ (0.22) $ 0.49 Earnings per share – diluted: Weighted average shares outstanding – basic 32,932 32,521 32,876 32,511 Effect of dilutive awards 77 212 — 560 Weighted average shares outstanding – diluted 33,009 32,733 32,876 33,071 Earnings per common share – diluted $ 0.92 $ 0.91 $ (0.22) $ 0.48 Outstanding share awards were 471 thousand and 33 thousand antidilutive for the three months ended June 30, 2020 and June 30, 2019, respectively. There were no antidilutive awards for the six months ended June 30, 2020 as the Company incurred a net loss in the period. There were 61 thousand antidilutive share awards outstanding for the six months ended June 30, 2019.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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 June 30, 2020, December 31, 2019 and June 30, 2019: (in thousands) June 30, 2020 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 22,162 $ 23,754 $ — $ 45,916 Provisionally priced contracts (b) (15,139) (41,897) — (57,036) Convertible preferred securities (c) — — 8,654 8,654 Other assets and liabilities (d) 4,102 (34,922) — (30,820) Total $ 11,125 $ (53,065) $ 8,654 $ (33,286) (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) June 30, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 103,350 $ 62,472 $ — $ 165,822 Provisionally priced contracts (b) (1,064) (38,215) — (39,279) Convertible preferred securities (c) — — 8,404 8,404 Other assets and liabilities (d) 5,284 (10,750) — (5,466) Total $ 107,570 $ 13,507 $ 8,404 $ 129,481 (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 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 Additional investments — 1,000 Asset (liabilities) at June 30, $ 8,654 $ 8,404 The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of June 30, 2020, December 31, 2019 and June 30, 2019: Quantitative Information about Recurring Level 3 Fair Value Measurements (in thousands) Fair Value as of June 30, 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 June 30, 2019 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 8,404 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 Fair Value as of June 30, 2019 Valuation Method Unobservable Input Weighted Average Real property (d) $ 2,719 Market Approach N/A 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. (d) The Company recognized impairment charges on certain assets and measured the fair value using Level 3 inputs on a nonrecurring basis. The fair value of the assets was determined using prior transactions in the local market and a pending sale of grain assets held by the Company. There were no non-recurring fair value measurements as of June 30, 2020. 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) June 30, December 31, June 30, Fair value of long-term debt, including current maturities $ 1,090,059 $ 1,096,010 $ 1,078,185 Fair value in excess of carrying value (a) 37,963 8,257 4,495 (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	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Sales revenues $ 29,659 $ 57,854 $ 84,353 $ 119,022 Service fee revenues (a) — 4,052 — 8,163 Purchases of product and capital assets 6,419 176,442 21,996 345,671 Lease income (b) 151 1,645 298 3,309 Labor and benefits reimbursement (c) — 3,602 — 7,460 (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) June 30, 2020 December 31, 2019 June 30, 2019 Accounts receivable (d) $ 7,332 $ 10,603 $ 19,515 Accounts payable (e) 2,598 12,303 24,700 (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	6 Months Ended
	Jun. 30, 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. In January 2020, the Company moved its Lansing Vermont DDG business from the Trade group to the Ethanol group as part of internal restructuring efforts. Prior year results have been recast to reflect this change. 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 June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Revenues from external customers Trade $ 1,351,168 $ 1,700,581 $ 2,729,209 $ 3,238,267 Ethanol 223,745 310,867 536,784 580,033 Plant Nutrient 279,825 270,577 404,738 399,102 Rail 35,442 43,016 72,555 84,431 Total $ 1,890,180 $ 2,325,041 $ 3,743,286 $ 4,301,833 Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Inter-segment sales Trade $ 432 $ 631 $ 1,040 $ 812 Plant Nutrient 635 1,274 1,523 1,294 Rail 1,388 771 2,993 2,046 Total $ 2,455 $ 2,676 $ 5,556 $ 4,152 Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Income (loss) before income taxes, net of noncontrolling interests Trade $ 393 $ 22,631 $ (9,591) $ 4,729 Ethanol 868 3,749 (23,108) 6,760 Plant Nutrient 19,407 15,903 18,215 11,974 Rail 2,606 3,180 3,613 7,492 Other (5,035) (4,578) (10,015) (9,505) Income (loss) before income taxes, net of noncontrolling interests 18,239 40,885 (20,886) 21,450 Net loss attributable to noncontrolling interests (10,407) (477) (23,856) (632) Income (loss) before income taxes $ 7,832 $ 40,408 $ (44,742) $ 20,818 (in thousands) June 30, 2020 December 31, 2019 June 30, 2019 Identifiable assets Trade $ 1,515,817 $ 2,012,060 $ 2,057,305 Ethanol 642,394 690,548 361,522 Plant Nutrient 342,690 383,781 381,924 Rail 656,573 693,931 657,617 Other 146,515 120,421 113,491 Total $ 3,303,989 $ 3,900,741 $ 3,571,859

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and ContingenciesThe 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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2020 and 2019 are as follows: Six months ended June 30, (in thousands) 2020 2019 Supplemental disclosure of cash flow information Interest paid $ 27,168 $ 30,287 Noncash investing and financing activity Dividends declared not yet paid 5,764 5,530 Capital projects incurred but not yet paid 4,070 15,317 Equity issued in conjunction with acquisition — 127,841 Removal of pre-existing equity method investment — (159,459) Purchase price holdback/ other accrued liabilities — 31,885

Business Acquisitions

Business Acquisitions	6 Months Ended
	Jun. 30, 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 was finalized in the second quarter of 2020. A summarized 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 final 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 3,075 Right of use asset 5,200 Other assets, net 861 Property, plant and equipment, net 321,380 424,136 Trade and other payables 13,461 Accrued expense and other current liabilities 3,011 Other long-term liabilities 292 Long-term lease liabilities 2,230 Long-term debt, including current maturities 47,886 66,880 Noncontrolling Interest 174,401 Net Assets Acquired $ 182,855 Removal of preexisting ownership interest $ (88,426) Pre-tax 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 $3.1 million of goodwill recognized is primarily attributable to expected synergies and the assembled workforce of TAMH. None of the goodwill is deductible for income tax purposes. Due to finalization of the purchase price accounting as well as adjustments to deferred income taxes during the second quarter, goodwill increased $0.4 million, other long-term liabilities increased $0.1 million and noncontrolling interest increased $0.3 million. The fair value in the opening balance sheet of the 49.9% noncontrolling interest in TAMH was finalized at $174.4 million. The fair value was 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 on Consolidated Company results to the TAMH acquisition as if it had occurred at January 1, 2019. Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Net sales $ 1,890,180 $ 2,377,250 $ 3,743,286 $ 4,408,760 Net income (loss) 20,032 24,975 (31,078) 9,747 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	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill During the first quarter the Company completed a reorganization of its structure whereby the Company moved 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. At the time 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 six months ended June 30, 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 — — — Acquisitions (b) — 349 — — 349 Balance as of June 30, 2020 $ 122,067 $ 8,789 $ 686 $ 4,167 $ 135,709 (a) Reorganization related to move of the DDG business line from the Trade to Ethanol segment. (b) Acquisitions represent the TAMH acquisitions finalized goodwill allocation.

Basis of Presentation and Con_2

Basis of Presentation and Consolidation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
New Accounting Standards	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 simplifies 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)	6 Months Ended
	Jun. 30, 2020
Inventory, Net [Abstract]
Classes of inventories	Major classes of inventories are as follows: (in thousands) June 30, December 31, June 30, Grain and other agricultural products $ 452,339 $ 907,482 $ 603,318 Frac sand and propane 6,498 15,438 9,287 Ethanol and co-products 63,195 95,432 26,185 Plant nutrients and cob products 87,346 146,164 109,156 Railcar repair parts 6,945 6,020 5,695 Total Inventories $ 616,323 $ 1,170,536 $ 753,641

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 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) June 30, December 31, June 30, Land $ 40,188 $ 40,442 $ 39,241 Land improvements and leasehold improvements 96,028 103,148 84,127 Buildings and storage facilities 377,652 373,961 327,418 Machinery and equipment 881,144 835,156 514,030 Construction in progress 35,982 59,993 164,532 1,430,994 1,412,700 1,129,348 Less: accumulated depreciation 524,977 474,282 433,521 Property, plant and equipment, net $ 906,017 $ 938,418 $ 695,827
Components of railcar assets leased to others	The components of Rail Group assets leased to others are as follows: (in thousands) June 30, December 31, June 30, Rail Group assets leased to others $ 742,107 $ 723,004 $ 688,320 Less: accumulated depreciation 149,286 138,706 128,609 Rail Group assets, net $ 592,821 $ 584,298 $ 559,711

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt	Short-term and long-term debt at June 30, 2020, December 31, 2019 and June 30, 2019 consisted of the following: (in thousands) June 30, December 31, June 30, Short-term debt – non-recourse $ 43,284 $ 54,029 $ 75,476 Short-term debt – recourse 52,787 93,002 350,649 Total short-term debt $ 96,071 $ 147,031 $ 426,125 Current maturities of long-term debt – non-recourse $ 4,845 $ 9,545 $ 8,903 Current maturities of long-term debt – recourse 63,632 53,354 57,775 Total current maturities of long-term debt $ 68,477 $ 62,899 $ 66,678 Long-term debt, less: current maturities – non-recourse $ 325,819 $ 330,250 $ 198,560 Long-term debt, less: current maturities – recourse 650,154 685,998 808,452 Total long-term debt, less: current maturities $ 975,973 $ 1,016,248 $ 1,007,012

Derivatives (Tables)

Derivatives (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2020 December 31, 2019 June 30, 2019 (in thousands) Net Net Net Net Net Net Cash collateral paid $ 799 $ — $ 56,005 $ — $ 109,346 $ — Fair value of derivatives 21,363 — (10,323) — (5,996) — Balance at end of period $ 22,162 $ — $ 45,682 $ — $ 103,350 $ —
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: June 30, 2020 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 142,110 $ 2,916 $ 5,511 $ 124 $ 150,661 Commodity derivative liabilities (30,820) (214) (70,697) (3,813) (105,544) Cash collateral paid 799 — — — 799 Balance sheet line item totals $ 112,089 $ 2,702 $ (65,186) $ (3,689) $ 45,916 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 June 30, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 166,652 $ 6,748 $ 3,360 $ 57 $ 176,817 Commodity derivative liabilities (42,983) (587) (72,729) (4,042) (120,341) Cash collateral paid 109,346 — — — 109,346 Balance sheet line item totals $ 233,015 $ 6,161 $ (69,369) $ (3,985) $ 165,822
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 June 30, 2020, December 31, 2019 and June 30, 2019: June 30, 2020 (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 437,275 — — — Soybeans 50,012 — — — Wheat 95,133 — — — Oats 49,053 — — — Ethanol — 141,549 — — Corn oil — — 8,098 — Other 25,005 5,000 415 2,370 Subtotal 656,478 146,549 8,513 2,370 Exchange traded: Corn 287,840 — — — Soybeans 36,970 — — — Wheat 67,040 — — — Oats 685 — — — Ethanol — 27,300 — — Propane — 28,602 — — Other — 13,650 340 208 Subtotal 392,535 69,552 340 208 Total 1,049,013 216,101 8,853 2,578 December 31, 2019 (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 June 30, 2019 (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 648,434 — — — Soybeans 59,594 — — — Wheat 93,621 — — — Oats 40,582 — — — Ethanol — 211,352 — — Corn oil — — 8,809 — Other 23,875 2,532 — 3,179 Subtotal 866,106 213,884 8,809 3,179 Exchange traded: Corn 317,405 — — — Soybeans 52,762 — — — Wheat 55,150 — — — Oats 1,045 — — — Ethanol — 82,988 — — Propane — 13,230 — — Other — 35 — 180 Subtotal 426,362 96,253 — 180 Total 1,292,468 310,137 8,809 3,359
Company's Condensed Consolidated Statement of Income gains and location of line items	The net pre-tax 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 six months ended June 30, 2020 and 2019 are as follows: Three months ended June 30, Six months ended June 30, 2020 (in thousands) 2020 2019 2020 2019 Gains (losses) on commodity derivatives included in cost of sales and merchandising revenues $ 8,797 $ (13,364) $ 39,757 $ 57,291 The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense), net $ 186 $ (1,065) $ (720) $ (2,055) Foreign currency derivative losses included in Other income (loss), net — (366) — (1,833) Derivatives designated as hedging instruments Interest rate derivative losses included in Other Comprehensive Income (Loss) (2,475) (7,926) (20,657) (12,917) Interest rate derivatives gains (losses) included in Interest income (expense), net $ (1,917) $ — $ (2,700) $ 165
Schedule of Fair Value of Interest Rate Derivative Liabilities	At June 30, 2020, December 31, 2019 and June 30, 2019, the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) June 30, 2020 December 31, 2019 June 30, 2019 Derivatives not designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ (1,174) $ — $ — Interest rate contracts included in Other long-term liabilities (553) (1,007) (10,750) Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) 791 2,742 (22) Derivatives designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities (8,806) (3,118) — Interest rate contracts included in Other long-term liabilities $ (24,388) $ (9,382) $ (10,587)
Schedule of Outstanding Interest Rate Derivatives	Outstanding interest rate derivatives, as of June 30, 2020, are as follows: Interest Rate Hedging Instrument Year Entered Year of Maturity Initial Notional Amount 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 2018 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)	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Revenues under ASC 606 $ 459,105 $ 494,266 $ 806,607 $ 809,438 Revenues under ASC 842 24,768 31,836 50,319 60,704 Revenues under ASC 815 1,406,307 1,798,939 2,886,360 3,431,691 Total Revenues $ 1,890,180 $ 2,325,041 $ 3,743,286 $ 4,301,833
Schedule of Disaggregation of Revenues	The following tables disaggregate revenues under ASC 606 by major product/service line for the three and six months ended June 30, 2020 and 2019, respectively: Three months ended June 30, 2020 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 82,634 $ — $ 82,634 Primary nutrients — — 188,463 — 188,463 Services 2,357 — 2,596 8,658 13,611 Products and co-products 63,344 75,773 — — 139,117 Frac sand and propane 21,439 — — — 21,439 Other 5,330 352 6,132 2,027 13,841 Total $ 92,470 $ 76,125 $ 279,825 $ 10,685 $ 459,105 Three months ended June 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 31,870 $ — $ 87,665 $ — $ 119,535 Primary nutrients 22,364 — 174,907 — 197,271 Service 7,745 3,547 1,696 9,278 22,266 Products and co-products 55,943 32,047 — — 87,990 Frac sand and propane 56,767 — — — 56,767 Other 2,537 35 6,309 1,556 10,437 Total $ 177,226 $ 35,629 $ 270,577 $ 10,834 $ 494,266 Six months ended June 30, 2020 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ — $ — $ 155,865 $ — $ 155,865 Primary nutrients — — 234,153 — 234,153 Service 4,043 — 2,778 17,394 24,215 Products and co-products 116,509 177,472 — — 293,981 Frac sand and propane 71,314 — — — 71,314 Other 9,318 968 11,942 4,851 27,079 Total $ 201,184 $ 178,440 $ 404,738 $ 22,245 $ 806,607 Six months ended June 30, 2019 (in thousands) Trade Ethanol Plant Nutrient Rail Total Specialty nutrients $ 35,808 $ — $ 156,065 $ — $ 191,873 Primary nutrients 22,791 — 227,996 — 250,787 Service 8,570 6,983 1,858 19,225 36,636 Products and co-products 118,701 53,517 — — 172,218 Frac sand and propane 137,230 — — — 137,230 Other 3,697 35 13,183 3,779 20,694 Total $ 326,797 $ 60,535 $ 399,102 $ 23,004 $ 809,438

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2020 and 2019: Changes in Accumulated Other Comprehensive Income (Loss) by Component (a) Three months ended June 30, 2020 Six months ended June 30, 2020 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning balance $ (23,106) $ (5,574) $ 258 $ 773 $ (27,649) $ (9,443) $ 1,065 $ 258 $ 889 $ (7,231) Other comprehensive loss before reclassifications (3,669) 3,249 — 186 (234) (18,059) (3,390) — 241 (21,208) Amounts reclassified from accumulated other comprehensive income (loss) 1,809 — — (171) 1,638 2,536 — — (342) 2,194 Net current-period other comprehensive income (loss) (1,860) 3,249 — 15 1,404 (15,523) (3,390) — (101) (19,014) Ending balance $ (24,966) $ (2,325) $ 258 $ 788 $ (26,245) $ (24,966) $ (2,325) $ 258 $ 788 $ (26,245) (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 June 30, 2019 Six months ended June 30, 2019 (in thousands) Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Cash Flow Hedges Foreign Currency Translation Adjustment Investment in Convertible Preferred Securities Defined Benefit Plan Items Total Beginning balance $ (3,748) $ 1,059 $ 258 $ 4,905 $ 2,474 $ (126) $ (11,550) $ 258 $ 5,031 $ (6,387) Other comprehensive loss before reclassifications (5,952) (2,035) — (557) (8,544) (9,710) (1,092) — (512) (11,314) Amounts reclassified from accumulated other comprehensive income (loss) (b) — — — (171) (171) 136 11,666 — (342) 11,460 Net current-period other comprehensive income (loss) (5,952) (2,035) — (728) (8,715) (9,574) 10,574 — (854) 146 Ending balance $ (9,700) $ (976) $ 258 $ 4,177 $ (6,241) $ (9,700) $ (976) $ 258 $ 4,177 $ (6,241) (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.
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (a) (in thousands) Three months ended June 30, 2020 Six months ended June 30, 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 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) $ (456) (b) (228) Total before tax (456) Total before tax 57 Income tax provision (benefit) 114 Income tax provision $ (171) Net of tax $ (342) Net of tax Cash Flow Hedges Interest payments $ 2,412 Interest expense $ 3,381 Interest expense 2,412 Total before tax 3,381 Total before tax (603) Income tax provision (845) Income tax provision $ 1,809 Net of tax $ 2,536 Net of tax Total reclassifications for the period $ 1,638 Net of tax $ 2,194 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)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings per share	(in thousands, except per common share data) Three months ended June 30, Six months ended June 30, 2020 2019 2020 2019 Net income (loss) attributable to The Andersons, Inc. $ 30,439 $ 29,888 $ (7,222) $ 15,895 Earnings per share – basic: Weighted average shares outstanding – basic 32,932 32,521 32,876 32,511 Earnings per common share – basic $ 0.92 $ 0.92 $ (0.22) $ 0.49 Earnings per share – diluted: Weighted average shares outstanding – basic 32,932 32,521 32,876 32,511 Effect of dilutive awards 77 212 — 560 Weighted average shares outstanding – diluted 33,009 32,733 32,876 33,071 Earnings per common share – diluted $ 0.92 $ 0.91 $ (0.22) $ 0.48

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2020, December 31, 2019 and June 30, 2019: (in thousands) June 30, 2020 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 22,162 $ 23,754 $ — $ 45,916 Provisionally priced contracts (b) (15,139) (41,897) — (57,036) Convertible preferred securities (c) — — 8,654 8,654 Other assets and liabilities (d) 4,102 (34,922) — (30,820) Total $ 11,125 $ (53,065) $ 8,654 $ (33,286) (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) June 30, 2019 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 103,350 $ 62,472 $ — $ 165,822 Provisionally priced contracts (b) (1,064) (38,215) — (39,279) Convertible preferred securities (c) — — 8,404 8,404 Other assets and liabilities (d) 5,284 (10,750) — (5,466) Total $ 107,570 $ 13,507 $ 8,404 $ 129,481 (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).
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 Additional investments — 1,000 Asset (liabilities) at June 30, $ 8,654 $ 8,404
Fair Value Inputs, Assets, Quantitative Information	The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of June 30, 2020, December 31, 2019 and June 30, 2019: Quantitative Information about Recurring Level 3 Fair Value Measurements (in thousands) Fair Value as of June 30, 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 June 30, 2019 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 8,404 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 Fair Value as of June 30, 2019 Valuation Method Unobservable Input Weighted Average Real property (d) $ 2,719 Market Approach N/A 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. (d) The Company recognized impairment charges on certain assets and measured the fair value using Level 3 inputs on a nonrecurring basis. The fair value of the assets was determined using prior transactions in the local market and a pending sale of grain assets held by the Company.
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) June 30, December 31, June 30, Fair value of long-term debt, including current maturities $ 1,090,059 $ 1,096,010 $ 1,078,185 Fair value in excess of carrying value (a) 37,963 8,257 4,495 (a) Carrying value used for this purpose excludes unamortized debt issuance costs.

Related Parties (Tables)

Related Parties (Tables)	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Sales revenues $ 29,659 $ 57,854 $ 84,353 $ 119,022 Service fee revenues (a) — 4,052 — 8,163 Purchases of product and capital assets 6,419 176,442 21,996 345,671 Lease income (b) 151 1,645 298 3,309 Labor and benefits reimbursement (c) — 3,602 — 7,460 (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) June 30, 2020 December 31, 2019 June 30, 2019 Accounts receivable (d) $ 7,332 $ 10,603 $ 19,515 Accounts payable (e) 2,598 12,303 24,700 (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)	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Revenues from external customers Trade $ 1,351,168 $ 1,700,581 $ 2,729,209 $ 3,238,267 Ethanol 223,745 310,867 536,784 580,033 Plant Nutrient 279,825 270,577 404,738 399,102 Rail 35,442 43,016 72,555 84,431 Total $ 1,890,180 $ 2,325,041 $ 3,743,286 $ 4,301,833 Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Inter-segment sales Trade $ 432 $ 631 $ 1,040 $ 812 Plant Nutrient 635 1,274 1,523 1,294 Rail 1,388 771 2,993 2,046 Total $ 2,455 $ 2,676 $ 5,556 $ 4,152 Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Income (loss) before income taxes, net of noncontrolling interests Trade $ 393 $ 22,631 $ (9,591) $ 4,729 Ethanol 868 3,749 (23,108) 6,760 Plant Nutrient 19,407 15,903 18,215 11,974 Rail 2,606 3,180 3,613 7,492 Other (5,035) (4,578) (10,015) (9,505) Income (loss) before income taxes, net of noncontrolling interests 18,239 40,885 (20,886) 21,450 Net loss attributable to noncontrolling interests (10,407) (477) (23,856) (632) Income (loss) before income taxes $ 7,832 $ 40,408 $ (44,742) $ 20,818 (in thousands) June 30, 2020 December 31, 2019 June 30, 2019 Identifiable assets Trade $ 1,515,817 $ 2,012,060 $ 2,057,305 Ethanol 642,394 690,548 361,522 Plant Nutrient 342,690 383,781 381,924 Rail 656,573 693,931 657,617 Other 146,515 120,421 113,491 Total $ 3,303,989 $ 3,900,741 $ 3,571,859

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2020 and 2019 are as follows: Six months ended June 30, (in thousands) 2020 2019 Supplemental disclosure of cash flow information Interest paid $ 27,168 $ 30,287 Noncash investing and financing activity Dividends declared not yet paid 5,764 5,530 Capital projects incurred but not yet paid 4,070 15,317 Equity issued in conjunction with acquisition — 127,841 Removal of pre-existing equity method investment — (159,459) Purchase price holdback/ other accrued liabilities — 31,885

Business Acquisitions (Tables)

Business Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The purchase price allocation was finalized in the second quarter of 2020. A summarized 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 final 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 3,075 Right of use asset 5,200 Other assets, net 861 Property, plant and equipment, net 321,380 424,136 Trade and other payables 13,461 Accrued expense and other current liabilities 3,011 Other long-term liabilities 292 Long-term lease liabilities 2,230 Long-term debt, including current maturities 47,886 66,880 Noncontrolling Interest 174,401 Net Assets Acquired $ 182,855 Removal of preexisting ownership interest $ (88,426) Pre-tax 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 on Consolidated Company results to the TAMH acquisition as if it had occurred at January 1, 2019. Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Net sales $ 1,890,180 $ 2,377,250 $ 3,743,286 $ 4,408,760 Net income (loss) 20,032 24,975 (31,078) 9,747

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 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 — — — Acquisitions (b) — 349 — — 349 Balance as of June 30, 2020 $ 122,067 $ 8,789 $ 686 $ 4,167 $ 135,709 (a) Reorganization related to move of the DDG business line from the Trade to Ethanol segment. (b) Acquisitions represent the TAMH acquisitions finalized goodwill allocation.

Inventories (Details)

Inventories (Details) $ in Thousands, bu in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020USD ($)	Jun. 30, 2020USD ($)bu	Jun. 30, 2019USD ($)bu	Dec. 31, 2019USD ($)bu
Inventory [Line Items]
Grain and other agricultural products		$ 452,339	$ 603,318	$ 907,482
Frac sand and propane		6,498	9,287	15,438
Ethanol and co-products		63,195	26,185	95,432
Plant nutrients and cob products		87,346	109,156	146,164
Railcar repair parts		6,945	5,695	6,020
Total inventories		$ 616,323	$ 753,641	$ 1,170,536
Bushels of grain held in storage for others and excluded from inventory calculations | bu		1.7	1.3	6.4
Inventory write down		$ 10,922	$ 0
COVID-19 Pandemic
Inventory [Line Items]
Inventory write down	$ 10,600	$ 10,900

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Components of property, plant and equipment
Land	$ 40,188	$ 40,442	$ 39,241
Land improvements and leasehold improvements	96,028	103,148	84,127
Buildings and storage facilities	377,652	373,961	327,418
Machinery and equipment	881,144	835,156	514,030
Construction in progress	35,982	59,993	164,532
Property, plant and equipment, gross	1,430,994	1,412,700	1,129,348
Less: accumulated depreciation	524,977	474,282	433,521
Property, plant and equipment, net	$ 906,017	$ 938,418	$ 695,827

Property, Plant and Equipment_3

Property, Plant and Equipment (Textual) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 31.2	$ 15	$ 62.3	$ 32.7
Depreciation expense on railcar assets leased to others	$ 7.7	7
Rail
Property, Plant and Equipment [Line Items]
Depreciation expense on railcar assets leased to others			$ 15.4	$ 13.7
Trade
Property, Plant and Equipment [Line Items]
Impairment charge		$ 3.1

Property, Plant and Equipment_4

Property, Plant and Equipment (Rail Group Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Components of Railcar assets leased to others
Rail Group assets leased to others, gross	$ 742,107	$ 723,004	$ 688,320
Less: accumulated depreciation	149,286	138,706	128,609
Railcar assets leased to others, net	$ 592,821	$ 584,298	$ 559,711

Debt (Details)

Debt (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Debt Instrument [Line Items]
Short-term debt	$ 96,071,000	$ 147,031,000	$ 426,125,000
Long-term debt
Current maturities of long-term debt	68,477,000	62,899,000	66,678,000
Total current maturities of long-term debt	68,477,000	62,899,000	66,678,000
Long-term debt, less current maturities	975,973,000	1,016,248,000	1,007,012,000
Total long-term debt, less: current maturities	975,973,000	1,016,248,000	1,007,012,000
Nonrecourse
Debt Instrument [Line Items]
Short-term debt	43,284,000	54,029,000	75,476,000
Long-term debt
Current maturities of long-term debt	4,845,000	9,545,000	8,903,000
Long-term debt, less current maturities	650,154,000	685,998,000	808,452,000
Recourse
Debt Instrument [Line Items]
Short-term debt	52,787,000	93,002,000	350,649,000
Long-term debt
Current maturities of long-term debt	63,632,000	53,354,000	57,775,000
Long-term debt, less current maturities	325,819,000	$ 330,250,000	$ 198,560,000
Line of credit
Long-term debt
Credit facility, maximum borrowing capacity	1,690,300,000
Total available for borrowings under lines of credit	$ 1,307,100,000

Debt (Textual) (Details)

Debt (Textual) (Details) - Line of credit	Jun. 30, 2020USD ($)
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity	$ 1,690,300,000
Total available for borrowings under lines of credit	$ 1,307,100,000

Derivatives (Textual) (Details)

Derivatives (Textual) (Details)	6 Months Ended
	Jun. 30, 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	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 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)	$ 799	$ 56,005	$ 109,346
Net derivative asset position, Fair value of derivatives	21,363	(10,323)	(5,996)
Net derivative asset position, net	22,162	45,682	103,350
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	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Derivatives, Fair Value [Line Items]
Commodity derivative assets	$ 21,363	$ (10,323)	$ (5,996)
Commodity derivative liabilities	0	0	0
Commodity derivative assets - current	112,089	107,863	233,015
Commodity derivative liabilities - current	(65,186)	(46,942)	(69,369)
Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	150,661	100,931	176,817
Commodity derivative liabilities	(105,544)	(95,571)	(120,341)
Cash collateral paid	799	56,005
Cash collateral paid			109,346
Total	45,916	61,365	165,822
Commodity | Commodity Derivative Assets - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	142,110	92,429	166,652
Commodity derivative liabilities	(30,820)	(40,571)	(42,983)
Cash collateral paid	799	56,005
Cash collateral paid			109,346
Commodity derivative assets - current	112,089	107,863	233,015
Commodity | Commodity Derivative Assets - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	2,916	1,045	6,748
Commodity derivative liabilities	(214)	(96)	(587)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative assets - noncurrent	2,702	949	6,161
Commodity | Commodity Derivative Liabilities - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	5,511	7,439	3,360
Commodity derivative liabilities	(70,697)	(54,381)	(72,729)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative liabilities - current	(65,186)	(46,942)	(69,369)
Commodity | Commodity Derivative Liabilities - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	124	18	57
Commodity derivative liabilities	(3,813)	(523)	(4,042)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative liabilities - noncurrent	$ (3,689)	$ (505)	$ (3,985)

Derivatives (Pre-tax Gains and

Derivatives (Pre-tax Gains and Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Commodity | Cost of sales and merchandising revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives instruments recognized in earnings	$ 8,797	$ (13,364)	$ 39,757	$ 57,291
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	186	(1,065)	(720)	(2,055)
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	(366)	0	(1,833)
Designated as Hedging Instrument | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative losses included in Other Comprehensive Income (Loss)	(2,475)	(7,926)	(20,657)	(12,917)
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	$ (1,917)	$ 0	$ (2,700)	$ 165

Derivatives (Volume of Contract

Derivatives (Volume of Contracts Outstanding) (Details) lb in Thousands, gal in Thousands, bu in Thousands, T in Thousands	Jun. 30, 2020bu	Jun. 30, 2020gal	Jun. 30, 2020lb	Jun. 30, 2020T	Dec. 31, 2019bu	Dec. 31, 2019gal	Dec. 31, 2019lb	Dec. 31, 2019T	Jun. 30, 2019bu	Jun. 30, 2019gal	Jun. 30, 2019lb	Jun. 30, 2019T
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	1,049,013	216,101	8,853	2,578	1,055,476	300,982	14,873	2,495	1,292,468	310,137	8,809	3,359
Non-exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	656,478	146,549	8,513	2,370	724,330	120,448	14,873	2,263	866,106	213,884	8,809	3,179
Non-exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	437,275	0	0	0	552,359	0	0	0	648,434	0	0	0
Non-exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	50,012	0	0	0	34,912	0	0	0	59,594	0	0	0
Non-exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	95,133	0	0	0	100,996	0	0	0	93,621	0	0	0
Non-exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	49,053	0	0	0	24,700	0	0	0	40,582	0	0	0
Non-exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	141,549	0	0	0	116,448	0	0	0	211,352	0	0
Non-exchange Traded | Corn oil
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	8,098	0	0	0	14,568	0	0	0	8,809	0
Non-exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	25,005	5,000	415	2,370	11,363	4,000	305	2,263	23,875	2,532	0	3,179
Exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	392,535	69,552	340	208	331,146	180,534	0	232	426,362	96,253	0	180
Exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	287,840	0	0	0	221,740	0	0	0	317,405	0	0	0
Exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	36,970	0	0	0	39,145	0	0	0	52,762	0	0	0
Exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	67,040	0	0	0	68,171	0	0	0	55,150	0	0	0
Exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	685	0	0	0	2,090	0	0	0	1,045	0	0	0
Exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	27,300	0	0	0	175,353	0	0	0	82,988	0	0
Exchange Traded | Propane
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	28,602	0	0	0	5,166	0	0	0	13,230	0	0
Exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	13,650	340	208	0	15	0	232	0	35	0	180

Derivatives (Fair Value of the

Derivatives (Fair Value of the Company's Other Derivatives) (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Not Designated as Hedging Instrument | Accrued expenses and other current liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	$ (1,174)	$ 0	$ 0
Not Designated as Hedging Instrument | Accrued expenses and other current liabilities | Foreign currency contract
Derivative [Line Items]
Derivative liabilities			(22)
Not Designated as Hedging Instrument | Other long term liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	(553)	(1,007)	(10,750)
Not Designated as Hedging Instrument | Other current assets | Foreign currency contract
Derivative [Line Items]
Derivative assets	791	2,742
Designated as Hedging Instrument | Accrued expenses and other current liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	(8,806)	(3,118)	0
Designated as Hedging Instrument | Other long term liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	$ (24,388)	$ (9,382)	$ (10,587)

Derivatives (Outstanding Intere

Derivatives (Outstanding Interest Rate Derivatives) (Details) $ in Millions	6 Months Ended
	Jun. 30, 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” futures 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 commodity 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 June 30, 2020, December 31, 2019 and June 30, 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: June 30, 2020 December 31, 2019 June 30, 2019 (in thousands) Net Net Net Net Net Net Cash collateral paid $ 799 $ — $ 56,005 $ — $ 109,346 $ — Fair value of derivatives 21,363 — (10,323) — (5,996) — Balance at end of period $ 22,162 $ — $ 45,682 $ — $ 103,350 $ — The following table presents, on a gross basis, current and noncurrent commodity derivative assets and liabilities: June 30, 2020 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 142,110 $ 2,916 $ 5,511 $ 124 $ 150,661 Commodity derivative liabilities (30,820) (214) (70,697) (3,813) (105,544) Cash collateral paid 799 — — — 799 Balance sheet line item totals $ 112,089 $ 2,702 $ (65,186) $ (3,689) $ 45,916 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 June 30, 2019 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 166,652 $ 6,748 $ 3,360 $ 57 $ 176,817 Commodity derivative liabilities (42,983) (587) (72,729) (4,042) (120,341) Cash collateral paid 109,346 — — — 109,346 Balance sheet line item totals $ 233,015 $ 6,161 $ (69,369) $ (3,985) $ 165,822 The net pre-tax 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 six months ended June 30, 2020 and 2019 are as follows: Three months ended June 30, Six months ended June 30, 2020 (in thousands) 2020 2019 2020 2019 Gains (losses) on commodity derivatives included in cost of sales and merchandising revenues $ 8,797 $ (13,364) $ 39,757 $ 57,291 The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at June 30, 2020, December 31, 2019 and June 30, 2019: June 30, 2020 (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 437,275 — — — Soybeans 50,012 — — — Wheat 95,133 — — — Oats 49,053 — — — Ethanol — 141,549 — — Corn oil — — 8,098 — Other 25,005 5,000 415 2,370 Subtotal 656,478 146,549 8,513 2,370 Exchange traded: Corn 287,840 — — — Soybeans 36,970 — — — Wheat 67,040 — — — Oats 685 — — — Ethanol — 27,300 — — Propane — 28,602 — — Other — 13,650 340 208 Subtotal 392,535 69,552 340 208 Total 1,049,013 216,101 8,853 2,578 December 31, 2019 (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 June 30, 2019 (in thousands) Number of Bushels Number of Gallons Number of Pounds Number of Tons Non-exchange traded: Corn 648,434 — — — Soybeans 59,594 — — — Wheat 93,621 — — — Oats 40,582 — — — Ethanol — 211,352 — — Corn oil — — 8,809 — Other 23,875 2,532 — 3,179 Subtotal 866,106 213,884 8,809 3,179 Exchange traded: Corn 317,405 — — — Soybeans 52,762 — — — Wheat 55,150 — — — Oats 1,045 — — — Ethanol — 82,988 — — Propane — 13,230 — — Other — 35 — 180 Subtotal 426,362 96,253 — 180 Total 1,292,468 310,137 8,809 3,359 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 designated as hedging instruments 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 June 30, 2020, December 31, 2019 and June 30, 2019, the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) June 30, 2020 December 31, 2019 June 30, 2019 Derivatives not designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ (1,174) $ — $ — Interest rate contracts included in Other long-term liabilities (553) (1,007) (10,750) Foreign currency contracts included in Other current assets (Accrued expenses and other current liabilities) 791 2,742 (22) Derivatives designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities (8,806) (3,118) — Interest rate contracts included in Other long-term liabilities $ (24,388) $ (9,382) $ (10,587) The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended June 30, Six months ended June 30, (in thousands) 2020 2019 2020 2019 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest income (expense), net $ 186 $ (1,065) $ (720) $ (2,055) Foreign currency derivative losses included in Other income (loss), net — (366) — (1,833) Derivatives designated as hedging instruments Interest rate derivative losses included in Other Comprehensive Income (Loss) (2,475) (7,926) (20,657) (12,917) Interest rate derivatives gains (losses) included in Interest income (expense), net $ (1,917) $ — $ (2,700) $ 165 Outstanding interest rate derivatives, as of June 30, 2020, are as follows: Interest Rate Hedging Instrument Year Entered Year of Maturity Initial Notional Amount 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 2018 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	$ 459,105	$ 494,266	$ 806,607	$ 809,438
Total Revenues	1,890,180	2,325,041	3,743,286	4,301,833
Revenues under ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	459,105	494,266	806,607	809,438
Revenues under ASC 842
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total Revenues	24,768	31,836	50,319	60,704
Revenues under ASC 815
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total Revenues	$ 1,406,307	$ 1,798,939	$ 2,886,360	$ 3,431,691

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total	$ 459,105	$ 494,266	$ 806,607	$ 809,438
Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	82,634	119,535	155,865	191,873
Primary nutrients
Disaggregation of Revenue [Line Items]
Total	188,463	197,271	234,153	250,787
Service
Disaggregation of Revenue [Line Items]
Total	13,611	22,266	24,215	36,636
Products and co-products
Disaggregation of Revenue [Line Items]
Total	139,117	87,990	293,981	172,218
Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	21,439	56,767	71,314	137,230
Other
Disaggregation of Revenue [Line Items]
Total	13,841	10,437	27,079	20,694
Trade
Disaggregation of Revenue [Line Items]
Total	92,470	177,226	201,184	326,797
Trade | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	31,870	0	35,808
Trade | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	22,364	0	22,791
Trade | Service
Disaggregation of Revenue [Line Items]
Total	2,357	7,745	4,043	8,570
Trade | Products and co-products
Disaggregation of Revenue [Line Items]
Total	63,344	55,943	116,509	118,701
Trade | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	21,439	56,767	71,314	137,230
Trade | Other
Disaggregation of Revenue [Line Items]
Total	5,330	2,537	9,318	3,697
Ethanol
Disaggregation of Revenue [Line Items]
Total	76,125	35,629	178,440	60,535
Ethanol | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Ethanol | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Ethanol | Service
Disaggregation of Revenue [Line Items]
Total	0	3,547	0	6,983
Ethanol | Products and co-products
Disaggregation of Revenue [Line Items]
Total	75,773	32,047	177,472	53,517
Ethanol | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Ethanol | Other
Disaggregation of Revenue [Line Items]
Total	352	35	968	35
Plant Nutrient
Disaggregation of Revenue [Line Items]
Total	279,825	270,577	404,738	399,102
Plant Nutrient | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	82,634	87,665	155,865	156,065
Plant Nutrient | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	188,463	174,907	234,153	227,996
Plant Nutrient | Service
Disaggregation of Revenue [Line Items]
Total	2,596	1,696	2,778	1,858
Plant Nutrient | Products and co-products
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Plant Nutrient | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Plant Nutrient | Other
Disaggregation of Revenue [Line Items]
Total	6,132	6,309	11,942	13,183
Rail
Disaggregation of Revenue [Line Items]
Total	10,685	10,834	22,245	23,004
Rail | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Rail | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Rail | Service
Disaggregation of Revenue [Line Items]
Total	8,658	9,278	17,394	19,225
Rail | Products and co-products
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Rail | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0	0	0	0
Rail | Other
Disaggregation of Revenue [Line Items]
Total	$ 2,027	$ 1,556	$ 4,851	$ 3,779

Revenue (Textual) (Details)

Revenue (Textual) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract Liabilities	$ 9.7		$ 9.7		$ 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%	4.00%	3.00%	4.00%

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (12,200)	$ 10,997	$ (13,664)	$ 5,555
Effective income tax rate	155.80%	(27.20%)	(30.50%)	26.70%
Unrecognized tax benefits	$ 24,700	$ 600	$ 24,700	$ 600
Unrecognized tax benefit, reduction of deferred tax asset and refundable credits	$ 22,300
CARES Act, income tax benefit			$ 10,300

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (After-tax Components of Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 1,113,862		$ 998,286		$ 1,195,655	$ 876,764
Other comprehensive loss before reclassifications	(234)		(8,544)		(21,208)	(11,314)
Amounts reclassified from accumulated other comprehensive income (loss)	1,638		(171)		2,194	11,460
Net current-period other comprehensive income (loss)	1,404		(8,715)		(19,014)	146
Ending Balance	1,132,083		1,020,639		1,132,083	1,020,639
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(27,649)		2,474		(7,231)	(6,387)
Ending Balance	(26,245)		(6,241)		(26,245)	(6,241)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(23,106)		(3,748)		(9,443)	(126)
Other comprehensive loss before reclassifications	(3,669)		(5,952)		(18,059)	(9,710)
Amounts reclassified from accumulated other comprehensive income (loss)	1,809		0		2,536	136
Net current-period other comprehensive income (loss)	(1,860)		(5,952)		(15,523)	(9,574)
Ending Balance	(24,966)		(9,700)		(24,966)	(9,700)
Foreign Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(5,574)		1,059		1,065	(11,550)
Other comprehensive loss before reclassifications	3,249		(2,035)		(3,390)	(1,092)
Amounts reclassified from accumulated other comprehensive income (loss)	0		0		0	11,666
Net current-period other comprehensive income (loss)	3,249		(2,035)		(3,390)	10,574
Ending Balance	(2,325)		(976)		(2,325)	(976)
Investment in Convertible Preferred Securities
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	258		258		258	258
Other comprehensive loss before reclassifications	0	[1]	0	[1]	0	0
Amounts reclassified from accumulated other comprehensive income (loss)	0	[1]	0		0	0
Net current-period other comprehensive income (loss)	0		0		0	0
Ending Balance	258		258		258	258
Defined Benefit Plan Items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	773		4,905		889	5,031
Other comprehensive loss before reclassifications	186		(557)		241	(512)
Amounts reclassified from accumulated other comprehensive income (loss)	(171)		(171)		(342)	(342)
Net current-period other comprehensive income (loss)	15		(728)		(101)	(854)
Ending Balance	$ 788		$ 4,177		$ 788	$ 4,177
[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				6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019		Jun. 30, 2020	Jun. 30, 2019
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) before income taxes	$ 7,832		$ 40,408		$ (44,742)	$ 20,818
Income tax provision (benefit)	12,200		(10,997)		13,664	(5,555)
Net income (loss)	20,032		29,411		(31,078)	15,263
Reclassifications Out of Accumulated Other Comprehensive Income (Loss)
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	1,638	[1]	(171)	[1]	2,194	11,460
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Defined Benefit Plan Items
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Amortization of prior-service cost	(228)	[1],[2]	(228)	[1],[2]	(456)	(456)
Income (loss) before income taxes	(228)	[1]	(228)	[1]	(456)	(456)
Income tax provision (benefit)	57	[1]	57	[1]		114
Net income (loss)	(171)	[1]	(171)	[1]	(342)	(342)
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) | Cash Flow Hedges
Schedule of Reclassifciations Out of Accumulated Other Comprehensive Income [Line Items]
Interest payments	2,412		0		3,381	182
Income (loss) before income taxes	2,412	[1]	0	[1]	3,381	182
Income tax provision (benefit)	(603)	[1]	0	[1]	(845)	(46)
Net income (loss)	$ 1,809	[1]	0	[1]	$ 2,536	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			0			(11,666)
Income (loss) before income taxes			0	[1]		11,666
Income tax provision (benefit)			0	[1]		0
Net income (loss)			$ 0	[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, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net income attributable to The Andersons, Inc.	$ 30,439	$ 29,888	$ (7,222)	$ 15,895
Earnings per share - basic:
Weighted average shares outstanding - basic (shares)	32,932,000	32,521,000	32,876,000	32,511,000
Earnings per common share - basic (dollars per share)	$ 0.92	$ 0.92	$ (0.22)	$ 0.49
Earnings per share - diluted:
Weighted average shares outstanding - basic (shares)	32,932,000	32,521,000	32,876,000	32,511,000
Effect of dilutive awards (shares)	77,000	212,000	0	560,000
Weighted average shares outstanding - diluted (shares)	33,009,000	32,733,000	32,876,000	33,071,000
Earnings per common share - diluted (dollars per share)	$ 0.92	$ 0.91	$ (0.22)	$ 0.48
Outstanding share awards	471,000	33,000
Antidilutive awards (shares)			0	61,000

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	$ 45,916	$ 61,365	$ 165,822
Provisionally price contracts	[2]	(57,036)	(186,651)	(39,279)
Convertible preferred securities	[3]	8,654	8,404	8,404
Other assets and liabilities	[4]	(30,820)	(4,038)	(5,466)
Total		(33,286)	(120,920)	129,481
Level 1
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	22,162	45,682	103,350
Provisionally price contracts	[2]	(15,139)	(118,414)	(1,064)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	4,102	9,469	5,284
Total		11,125	(63,263)	107,570
Level 2
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	[1]	23,754	15,683	62,472
Provisionally price contracts	[2]	(41,897)	(68,237)	(38,215)
Convertible preferred securities	[3]	0	0	0
Other assets and liabilities	[4]	(34,922)	(13,507)	(10,750)
Total		(53,065)	(66,061)	13,507
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	8,404
Other assets and liabilities	[4]	0	0	0
Total		$ 8,654	$ 8,404	$ 8,404
[1]	Includes associated cash posted/received as collateral
[2]	Included in "Provisionally priced contracts" are those instruments based only on underlying futures values (Level 1) and delayed price contracts (Level 2)
[3]	Recorded in “Other assets, net” on the Company’s Consolidated Balance Sheets related to certain available for sale securities.
[4]	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
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2019
Reconciliation of Fair Value Measurements Using Level 3
Asset (liability), Beginning Balance	$ 8,654	$ 8,404	$ 7,404	$ 7,154
Additional investments	0	250	1,000	250
Asset (liability), Ending Balance	8,654	$ 8,654	8,404	$ 7,404
Fair Value, Recurring [Member] | Implied based on market prices
Reconciliation of Fair Value Measurements Using Level 3
Asset fair value	$ 8,654		$ 8,404		$ 8,404

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value of Company's Long-term Debt) (Details) - USD ($) $ in Thousands		Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 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		$ 1,090,059	$ 1,096,010	$ 1,078,185
Fair value in excess of carrying value	[1]	$ 37,963	$ 8,257	$ 4,495
[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 - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Implied based on market prices | Real propert
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 608	$ 2,719
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Related Party Transactions [Abstract]
Sales revenues	$ 29,659	$ 57,854	$ 84,353	$ 119,022
Service fee revenues	0	4,052	0	8,163
Purchases of product	6,419	176,442	21,996	345,671
Lease income	151	1,645	298	3,309
Labor and benefits reimbursement	0	3,602	0	7,460
Accounts receivable	7,332	19,515	7,332	19,515	$ 10,603
Accounts payable	$ 2,598	$ 24,700	$ 2,598	$ 24,700	$ 12,303

Segment Information (Textual) (

Segment Information (Textual) (Details)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Revenues from external customers	$ 1,890,180	$ 2,325,041	$ 3,743,286	$ 4,301,833
Income (loss) before income taxes, net of noncontrolling interests	18,239	40,885	(20,886)	21,450
Net loss attributable to the noncontrolling interests	(10,407)	(477)	(23,856)	(632)
Income (loss) before income taxes	7,832	40,408	(44,742)	20,818
Total assets	3,303,989	3,571,859	3,303,989	3,571,859	$ 3,900,741
Operating Segments | Trade
Segment Reporting Information [Line Items]
Revenues from external customers	1,351,168	1,700,581	2,729,209	3,238,267
Income (loss) before income taxes, net of noncontrolling interests	393	22,631	(9,591)	4,729
Total assets	1,515,817	2,057,305	1,515,817	2,057,305	2,012,060
Operating Segments | Ethanol
Segment Reporting Information [Line Items]
Revenues from external customers	223,745	310,867	536,784	580,033
Income (loss) before income taxes, net of noncontrolling interests	868	3,749	(23,108)	6,760
Total assets	642,394	361,522	642,394	361,522	690,548
Operating Segments | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	279,825	270,577	404,738	399,102
Income (loss) before income taxes, net of noncontrolling interests	19,407	15,903	18,215	11,974
Total assets	342,690	381,924	342,690	381,924	383,781
Operating Segments | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	35,442	43,016	72,555	84,431
Income (loss) before income taxes, net of noncontrolling interests	2,606	3,180	3,613	7,492
Total assets	656,573	657,617	656,573	657,617	693,931
Segment Reconciling Items
Segment Reporting Information [Line Items]
Revenues from external customers	2,455	2,676	5,556	4,152
Segment Reconciling Items | Trade
Segment Reporting Information [Line Items]
Revenues from external customers	432	631	1,040	812
Segment Reconciling Items | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	635	1,274	1,523	1,294
Segment Reconciling Items | Rail
Segment Reporting Information [Line Items]
Revenues from external customers	1,388	771	2,993	2,046
Other
Segment Reporting Information [Line Items]
Income (loss) before income taxes, net of noncontrolling interests	(5,035)	(4,578)	(10,015)	(9,505)
Total assets	$ 146,515	$ 113,491	$ 146,515	$ 113,491	$ 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	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Supplemental Cash Flow Information [Abstract]
Interest paid	$ 27,168	$ 30,287
Noncash investing and financing activity
Dividends declared not yet paid	5,764	5,530
Capital projects incurred but not yet paid	4,070	15,317
Equity issued in conjunction with acquisition	0	127,841
Removal of preexisting ownership interest	0	(159,459)
Purchase price holdback/ other accrued liabilities	$ 0	$ 31,885

Business Acquisitions (Textual)

Business Acquisitions (Textual) (Details) - USD ($) $ in Thousands	Oct. 01, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill (Note 16)		$ 135,709	$ 135,872	$ 135,709	$ 135,872	$ 135,360
Effective income tax rate		155.80%	(27.20%)	(30.50%)	26.70%
The Andersons Marathon Holdings LLC
Business Acquisition [Line Items]
Consideration paid for acquisition	$ 182,855
Non-cash consideration	7,318
Goodwill (Note 16)	3,075
Goodwill adjustments		$ 400
Other long-term liabilities	292
Noncontrolling Interest	$ 174,401
Effective income tax rate	25.00%
The Andersons Marathon Holdings LLC | The Andersons
Business Acquisition [Line Items]
Ownership percentage by parent	50.10%
The Andersons Marathon Holdings LLC | Marathon
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners	49.90%
The Andersons Marathon Holdings LLC | Acquisition-related adjustment
Business Acquisition [Line Items]
Other long-term liabilities	$ 100
Noncontrolling Interest	$ 300

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	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill (Note 16)		$ 135,709	$ 135,872	$ 135,360
Removal of preexisting ownership interest		$ 0	$ (159,459)
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 (Note 16)	3,075
Right of use asset	5,200
Other assets, net	861
Property, plant and equipment, net	321,380
Total Assets Acquired	424,136
Trade and other payables	13,461
Accrued expense and other current liabilities	3,011
Other long-term liabilities	292
Long-term lease liabilities	2,230
Long-term debt, including current maturities	47,886
Total Liabilities Assumed	66,880
Noncontrolling Interest	174,401
Net Assets Acquired	182,855
Removal of preexisting ownership interest	(88,426)
Pre-tax 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Combinations [Abstract]
Net sales	$ 1,890,180	$ 2,377,250	$ 3,743,286	$ 4,408,760
Net income	$ 20,032	$ 24,975	$ (31,078)	$ 9,747

Goodwill (Details)

Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Goodwill [Roll Forward]
Balance as of January 1, 2020	$ 135,360
Reorganization	0
Acquisitions	349
Balance as of June 30, 2020	135,709
Trade
Goodwill [Roll Forward]
Balance as of January 1, 2020	127,781
Reorganization	(5,714)
Acquisitions	0
Balance as of June 30, 2020	122,067
Ethanol
Goodwill [Roll Forward]
Balance as of January 1, 2020	2,726
Reorganization	5,714
Acquisitions	349
Balance as of June 30, 2020	8,789
Plant Nutrient
Goodwill [Roll Forward]
Balance as of January 1, 2020	686
Reorganization	0
Acquisitions	0
Balance as of June 30, 2020	686
Rail
Goodwill [Roll Forward]
Balance as of January 1, 2020	4,167
Reorganization	0
Acquisitions	0
Balance as of June 30, 2020	$ 4,167