The Andersons, Inc. (ANDE) 10-Q 5 May 22 2022 Q1 Quarterly report Financial data

Cover page

Cover page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 22, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
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		33,829,984
Entity Central Index Key	0000821026
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Current assets:
Cash and cash equivalents	$ 36,381	$ 216,444	$ 35,393
Accounts receivable, net	1,050,259	835,180	677,118
Inventories	1,950,303	1,814,538	1,287,637
Commodity derivative assets – current	769,916	410,813	317,939
Current assets held-for-sale	20,255	20,885	37,136
Other current assets	113,589	74,468	81,666
Total current assets	3,940,703	3,372,328	2,436,889
Other assets:
Goodwill	129,342	129,342	131,542
Other intangible assets, net	111,055	117,137	133,198
Right of use assets, net	51,821	52,146	34,966
Other assets held-for-sale (Note 14)	45,264	43,169	629,228
Other assets, net	92,506	69,068	60,964
Total other assets	429,988	410,862	989,898
Property, plant and equipment, net	772,245	786,029	839,950
Total assets	5,142,936	4,569,219	4,266,737
Current liabilities:
Short-term debt	1,449,768	501,792	915,205
Trade and other payables	741,124	1,199,324	534,660
Customer prepayments and deferred revenue	384,723	358,119	161,696
Commodity derivative liabilities – current	216,836	128,911	91,448
Current maturities of long-term debt	54,158	32,256	42,824
Current liabilities held-for-sale (Note 14)	10,200	13,379	26,362
Accrued expenses and other current liabilities	205,958	230,148	145,921
Total current liabilities	3,062,767	2,463,929	1,918,116
Long-term lease liabilities	31,419	31,322	21,210
Long-term debt, less current maturities	571,181	600,487	877,583
Deferred income taxes	68,437	71,127	173,481
Non-current liabilities held-for-sale	14,738	16,119	45,172
Other long-term liabilities	77,173	78,531	48,624
Total liabilities	3,825,715	3,261,515	3,084,186
Commitments and contingencies
Shareholders’ equity:
Common shares, without par value (63,000 shares authorized; 34,064, 33,870 and 33,786 shares issued at 3/31/2022, 12/31/2021 and 3/31/2021, respectively)	142	140	140
Preferred shares, without par value (1,000 shares authorized; none issued)	0	0	0
Additional paid-in-capital	375,794	368,595	355,961
Treasury shares, at cost (61, 11 and 123 shares at 3/31/2022, 12/31/2021 and 3/31/2021, respectively)	(2,265)	(263)	(2,872)
Accumulated other comprehensive income (loss)	13,555	1,194	(1,214)
Retained earnings	701,799	702,759	631,652
Total shareholders’ equity of The Andersons, Inc.	1,089,025	1,072,425	983,667
Noncontrolling interests	228,196	235,279	198,884
Total equity	1,317,221	1,307,704	1,182,551
Total liabilities and equity	$ 5,142,936	$ 4,569,219	$ 4,266,737

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Statement of Financial Position [Abstract]
Common shares, shares authorized (shares)	63,000,000	63,000,000	63,000,000
Common shares, shares issued (shares)	34,064,000	33,870,000	33,786,000
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)	61,000	11,000	123,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Revenues from external customers	$ 3,977,954	$ 2,594,719
Cost of sales and merchandising revenues	3,858,419	2,481,278
Gross profit	119,535	113,441
Operating, administrative and general expenses	101,987	96,998
Interest expense, net	10,859	9,989
Other income, net:
Equity in earnings (losses) of affiliates, net	(244)	1,794
Other income, net	4,162	5,868
Income before income taxes from continuing operations	10,607	14,116
Income tax provision from continuing operations	4,103	4,361
Net income from continuing operations	6,504	9,755
Income (loss) from discontinued operations, net of income taxes	(554)	3,507
Net income	5,950	13,262
Net income (loss) attributable to noncontrolling interests	447	(1,845)
Net income attributable to The Andersons, Inc.	$ 5,503	$ 15,107
Average number of shares outstanding - basic (in shares)	33,738	33,188
Average number of share outstanding - diluted (in shares)	34,279	33,577
Basic earnings (loss):
Continuing operations (in dollars per share)	$ 0.18	$ 0.35
Discontinued operations (in dollars per share)	(0.02)	0.11
Earnings per common share - basic (dollars per share)	0.16	0.46
Diluted earnings (loss):
Continuing operations (in dollars per share)	0.18	0.35
Discontinued operations (in dollars per share)	(0.02)	0.10
Earnings per common share - diluted (dollars per share)	$ 0.16	$ 0.45

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 5,950	$ 13,262
Other comprehensive income (loss), net of tax:
Change in unrecognized actuarial loss and prior service cost	(159)	(103)
Foreign currency translation adjustments	98	1,224
Cash flow hedge activity	12,422	9,741
Other comprehensive income	12,361	10,862
Comprehensive income	18,311	24,124
Comprehensive income (loss) attributable to the noncontrolling interests	447	(1,845)
Comprehensive income attributable to The Andersons, Inc.	$ 17,864	$ 25,969

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities
Net income from continuing operations	$ 6,504	$ 9,755
Income (loss) from discontinued operations, net of income taxes	(554)	3,507
Net income	5,950	13,262
Adjustments to reconcile net income to cash used in operating activities:
Depreciation and amortization	34,377	47,504
Bad debt expense, net	1,255	(1,686)
Equity in (earnings) losses of affiliates, net of dividends	244	(1,794)
Gain on sales of assets, net	(81)	(2,635)
Stock-based compensation expense	1,818	1,990
Deferred federal income tax	(6,947)	(2)
Other	2,885	4,579
Changes in operating assets and liabilities:
Accounts receivable	(215,012)	(33,476)
Inventories	(136,820)	5,007
Commodity derivatives	(277,761)	(53,295)
Other current and non-current assets	(38,810)	16,740
Payables and other current and non-current liabilities	(446,096)	(441,921)
Net cash used in operating activities	(1,074,998)	(445,727)
Investing Activities
Purchases of property, plant and equipment and capitalized software	(20,722)	(16,919)
Proceeds from sale of assets	72	385
Purchases of investments	(1,333)	(2,800)
Purchases of Rail assets	(3,186)	(2,611)
Proceeds from sale of Rail assets	248	5,383
Other	0	832
Net cash used in investing activities	(24,921)	(15,730)
Financing Activities
Net receipts under short-term lines of credit	796,209	260,160
Proceeds from issuance of short-term debt	350,000	250,000
Payments of short-term debt	(200,000)	0
Proceeds from issuance of long-term debt	0	89,700
Payments of long-term debt	(7,566)	(125,884)
Contributions from noncontrolling interest owner	2,450	1,960
Distributions to noncontrolling interest owner	(9,980)	0
Payments of debt issuance costs	(7,310)	(1,225)
Dividends paid	(6,144)	(5,839)
Proceeds from exercises of stock options	5,024	0
Other	(2,926)	(1,110)
Net cash provided by financing activities	919,757	467,762
Effect of exchange rates on cash and cash equivalents	99	(35)
Increase (decrease) in cash and cash equivalents	(180,063)	6,270
Cash and cash equivalents at beginning of period	216,444	29,123
Cash and cash equivalents at end of period	$ 36,381	$ 35,393

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Shares	Additional Paid-in Capital	Treasury Shares	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interests
Beginning Balance at Dec. 31, 2020	$ 1,160,660	$ 138	$ 348,714	$ (966)	$ (12,076)	$ 626,081	$ 198,769
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	13,262					15,107	(1,845)
Other comprehensive loss	9,418				9,418
Amounts reclassified from Accumulated other comprehensive income	1,444				1,444
Contributions from noncontrolling interests	1,960						1,960
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	1,615	2	7,247	(2,154)		(3,480)
Dividends declared per common share	(5,808)					(5,808)
Restricted share award dividend equivalents	0			248		(248)
Ending Balance at Mar. 31, 2021	1,182,551	140	355,961	(2,872)	(1,214)	631,652	198,884
Beginning Balance at Dec. 31, 2021	1,307,704	140	368,595	(263)	1,194	702,759	235,279
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	5,950					5,503	447
Other comprehensive loss	10,822				10,822
Amounts reclassified from Accumulated other comprehensive income	1,539				1,539
Contributions from noncontrolling interests	2,450						2,450
Distributions to noncontrolling interests	(9,980)						(9,980)
Stock awards, stock option exercises and other shares issued to employees and directors, net of income tax	4,825	2	7,145	(2,322)
Dividends declared per common share	(6,089)					(6,089)
Restricted share award dividend equivalents	0		54	320		(374)
Ending Balance at Mar. 31, 2022	$ 1,317,221	$ 142	$ 375,794	$ (2,265)	$ 13,555	$ 701,799	$ 228,196

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Stock awards, stock option exercises and other shares issued to employees and directors, tax	$ 0	$ 0
Number Of Common Shares Issued For Cash	59	86
Dividends declared, per common share (in dollars per share)	$ 0.180	$ 0.175

Basis of Presentation and Conso

Basis of Presentation and Consolidation	3 Months Ended
	Mar. 31, 2022
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”). Controlled subsidiaries include 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. Investments in unconsolidated entities in which the Company has significant influence, but not control, are accounted for using the equity method of accounting. During the third quarter of 2021, substantially all of the assets and liabilities of the Rail business were classified as held-for-sale in the accompanying Condensed Consolidated Balance Sheets. As discussed further in Note 14, the Company executed a definitive agreement to sell the Rail Leasing business. In conjunction with the sale of the Rail Leasing business, the Company announced its intent to divest the remainder of the Rail business, which primarily consisted of the Rail Repair business. These transactions effectively constitute the entirety of what has historically been included in the Rail reportable segment. Therefore, the associated operating results, net of income tax, have been classified as discontinued operations in the accompanying Condensed Consolidated Statements of Operations for all periods presented. Throughout this Quarterly Report on Form 10-Q, with the exception of the Condensed Consolidated Statements of Cash Flows and unless otherwise indicated, amounts and activity are presented on a continuing operations basis. Certain reclassifications have been made to the prior year financial statements to conform to current year classifications. The reclassification relates to the Condensed Consolidated Balance Sheet presentation of assets and liabilities as held-for-sale and Condensed Consolidated Statements of Operations presentation of results classified as discontinued operations in relation to the Rail business transactions noted above. 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, 2022. An unaudited Condensed Consolidated Balance Sheet as of March 31, 2021 has been included as the Company operates in several seasonal industries. The Condensed Consolidated Balance Sheet data at December 31, 2021 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, 2021 (the “2021 Form 10-K”).

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventory, Net [Abstract]
Inventories	Inventories Major classes of inventories are presented below. Readily Marketable Inventories ("RMI") are agricultural commodity inventories such as corn, soybeans, wheat, and ethanol co-products, among others, carried at net realizable value which approximates fair value based on their commodity characteristics, widely available markets, and pricing mechanisms. The net realizable value of RMI is calculated as the fair value (spot price of the commodity in an exchange), less cost of disposal and transportation based on the local market. All other inventories are held at lower of cost or net realizable value. (in thousands) March 31, December 31, March 31, Grain and other agricultural products (a) $ 1,435,763 $ 1,427,708 $ 971,914 Propane and frac sand (a) 17,529 23,780 8,388 Ethanol and co-products (a) 193,303 184,354 136,234 Plant nutrients and cob products 303,708 178,696 171,101 Total Inventories $ 1,950,303 $ 1,814,538 $ 1,287,637 (a) Includes RMI of $1,413.5 million , $1,410.9 million and $942.4 million at March 31, 2022, December 31, 2021 and March 31, 2021, respectively. Inventories do not include 1.0 million , 3.0 million and 1.6 million bushels of grain held in storage for others as of March 31, 2022, December 31, 2021 and March 31, 2021, 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	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The components of Property, plant and equipment, net are as follows: (in thousands) March 31, December 31, March 31, Land $ 39,183 $ 39,162 $ 39,357 Land improvements and leasehold improvements 91,061 91,122 92,656 Buildings and storage facilities 369,850 368,577 379,245 Machinery and equipment 946,352 936,476 912,372 Construction in progress 23,512 20,676 16,108 1,469,958 1,456,013 1,439,738 Less: accumulated depreciation 697,713 669,984 599,788 Property, plant and equipment, net $ 772,245 $ 786,029 $ 839,950

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Short-term and long-term debt at March 31, 2022, December 31, 2021 and March 31, 2021 consisted of the following: (in thousands) March 31, December 31, March 31, Short-term debt – non-recourse $ 148,216 $ 65,485 $ 140,730 Short-term debt – recourse 1,301,552 436,307 774,475 Total short-term debt $ 1,449,768 $ 501,792 $ 915,205 Current maturities of long-term debt – non-recourse $ 7,959 $ 7,601 $ 118 Current maturities of long-term debt – recourse 46,199 24,655 42,706 Total current maturities of long-term debt $ 54,158 $ 32,256 $ 42,824 Long-term debt, less: current maturities – non-recourse $ 62,675 $ 64,972 $ 126,772 Long-term debt, less: current maturities – recourse 508,506 535,515 750,811 Total long-term debt, less: current maturities $ 571,181 $ 600,487 $ 877,583 On March 2, 2022, the Company completed an incremental term loan amendment to its credit agreement dated January 11, 2019. The amendment provides for a short-term note of $250.0 million in which the entire stated principal is due on May 31, 2022. On March 9, 2022, the Company completed an additional term loan amendment that expanded the short-term note capacity from $250.0 million to $450.0 million. The term note will bear interest at variable rates, which are based on SOFR plus an applicable spread. As of March 31, 2022, the Company had drawn $350.0 million on the short-term note. On March 28, 2022, the Company amended its credit agreement dated January 11, 2019. The amendment increased borrowing capacity on the revolver from $900.0 million to $1,550.0 million and extended the maturity dates of the $140.6 million and $209.4 million long-term notes originally due in 2026 to March 26, 2027 and March 28, 2029, respectively. The amendment also transitions the reference rate in the credit agreement from LIBOR to SOFR. The revolver and term notes will bear interest at variable rates, which are based on SOFR plus an applicable spread. As of March 31, 2022, the Company repaid the remaining $200.0 million balance that was outstanding as of December 31, 2021 on a short-term note that was classified as recourse debt to the Company. The total borrowing capacity of the Company's lines of credit at March 31, 2022 was $2,031.4 million of which the Company had a total of $907.3 million available for borrowing under its lines of credit. The Company's borrowing capacity is reduced by a combination of outstanding borrowings and letters of credit. As of March 31, 2022, December 31, 2021 and March 31, 2021, the estimated fair value of long-term debt, including the current portion, was $633.9 million, $650.7 million and $940.7 million, respectively. The Company estimates the fair value of its long-term debt based upon the Company’s credit standing and current interest rates offered to the Company on similar bonds and rates currently available to the Company for long-term borrowings with similar terms and remaining maturities.

Derivatives

Derivatives	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Derivatives The Company’s operating results are affected by changes to commodity prices. The Trade and Renewables 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 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 March 31, 2022, December 31, 2021 and March 31, 2021, 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 non-current commodity derivative assets (or liabilities) on the Condensed Consolidated Balance Sheets: (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Cash collateral paid $ 409,743 $ 165,250 $ 95,533 Fair value of derivatives (144,937) (36,843) (76,388) Net derivative asset position $ 264,806 $ 128,407 $ 19,145 The following table presents, on a gross basis, current and non-current commodity derivative assets and liabilities: March 31, 2022 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 637,947 $ 15,860 $ 34,798 $ 1,264 $ 689,869 Commodity derivative liabilities (276,874) (848) (252,534) (5,759) (536,015) Cash collateral paid 408,843 — 900 — 409,743 Balance sheet line item totals $ 769,916 $ 15,012 $ (216,836) $ (4,495) $ 563,597 December 31, 2021 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 339,321 $ 4,677 $ 23,762 $ 1,209 $ 368,969 Commodity derivative liabilities (93,758) (105) (152,673) (2,578) (249,114) Cash collateral paid 165,250 — — — 165,250 Balance sheet line item totals $ 410,813 $ 4,572 $ (128,911) $ (1,369) $ 285,105 March 31, 2021 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 357,802 $ 6,762 $ 20,752 $ 16 $ 385,332 Commodity derivative liabilities (123,480) (925) (124,116) (1,029) (249,550) Cash collateral paid 83,617 — 11,916 — 95,533 Balance sheet line item totals $ 317,939 $ 5,837 $ (91,448) $ (1,013) $ 231,315 The net pre-tax gains and losses on commodity derivatives not designated as hedging instruments are included in the Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2022 and 2021 are as follows: Three months ended March 31, (in thousands) 2022 2021 Gains (losses) on commodity derivatives included in Cost of sales and merchandising revenues $ 33,998 $ 166,985 The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at March 31, 2022, December 31, 2021 and March 31, 2021: March 31, 2022 (in thousands) Number of Bushels Number of Gallons Number of Tons Non-exchange traded: Corn 722,719 — — Soybeans 133,043 — — Wheat 102,690 — — Oats 45,967 — — Ethanol — 214,513 — Dried distillers grain — — 435 Soybean meal — — 550 Other 8,697 24,565 3,078 Subtotal 1,013,116 239,078 4,063 Exchange traded: Corn 267,135 — — Soybeans 86,410 — — Wheat 78,500 — — Oats 1,815 — — Ethanol — 47,082 — Propane — 13,356 — Other 110 1,470 547 Subtotal 433,970 61,908 547 Total 1,447,086 300,986 4,610 December 31, 2021 (in thousands) Number of Bushels Number of Gallons Number of Tons Non-exchange traded: Corn 685,681 — — Soybeans 77,592 — — Wheat 109,547 — — Oats 31,627 — — Ethanol — 192,447 — Dried distillers grain — — 507 Soybean meal — — 544 Other 57,268 16,092 1,854 Subtotal 961,715 208,539 2,905 Exchange traded: Corn 226,215 — — Soybeans 64,730 — — Wheat 65,020 — — Oats 1,300 — — Ethanol — 100,884 — Propane — 31,542 — Other 75 798 353 Subtotal 357,340 133,224 353 Total 1,319,055 341,763 3,258 March 31, 2021 (in thousands) Number of Bushels Number of Gallons Number of Tons Non-exchange traded: Corn 745,248 — — Soybeans 64,698 — — Wheat 110,930 — — Oats 48,066 — — Ethanol — 200,232 — Dried distillers grain — — 409 Soybean meal — — 383 Other 4,645 1,834 1,103 Subtotal 973,587 202,066 1,895 Exchange traded: Corn 262,920 — — Soybeans 62,020 — — Wheat 76,164 — — Oats 310 — — Ethanol — 96,978 — Propane — 12,894 — Other — 423 265 Subtotal 401,414 110,295 265 Total 1,375,001 312,361 2,160 Interest Rate and Other Derivatives The Company’s objectives for 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 March 31, 2022, December 31, 2021 and March 31, 2021, the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Derivatives not designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ — $ (174) $ (300) Interest rate contracts included in Other long-term liabilities — — (364) Foreign currency contracts included in Other current (liabilities) assets 1,330 (1,069) 2,107 Derivatives designated as hedging instruments Interest rate contracts included in Other current assets $ 805 $ — $ — Interest rate contracts included in Other assets 10,223 4,574 6,622 Interest rate contracts included in Accrued expenses and other current liabilities (1,596) (5,206) (6,773) Interest rate contracts included in Other long-term liabilities — (6,555) (11,959) The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended March 31, (in thousands) 2022 2021 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest expense, net $ 9 $ 354 Derivatives designated as hedging instruments Interest rate derivative gains (losses) included in Other comprehensive income (loss) $ 16,540 $ (12,947) Interest rate derivative gains (losses) included in Interest expense, net (1,443) (1,618) Outstanding interest rate derivatives, as of March 31, 2022, are as follows: Interest Rate Hedging Instrument Year Entered Year of Maturity Initial Notional Amount Description Interest Rate Long-term Swap 2017 2022 $ 20.0 Interest rate component of debt - accounted for as a hedge 1.8% Swap 2018 2025 $ 20.0 Interest rate component of debt - accounted for as a hedge 2.6% Swap 2019 2025 $ 100.0 Interest rate component of debt - accounted for as a hedge 2.3% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.4% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.4% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8%

Revenue

Revenue	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Many of the Company’s revenues are generated from contracts that are outside the scope of Accounting Standard Codification ("ASC") 606 and thus are accounted for under other accounting standards. Specifically, many of the Company's Trade and Renewables sales contracts are derivatives under ASC 815, Derivatives and Hedging. The breakdown of revenues between the two standards are as follows: Three months ended March 31, (in thousands) 2022 2021 Revenues under ASC 606 $ 677,856 $ 487,094 Revenues under ASC 815 3,300,098 2,107,625 Total revenues $ 3,977,954 $ 2,594,719 The remainder of this note applies only to those revenues that are accounted for under ASC 606. Disaggregation of revenue The following tables disaggregate revenues under ASC 606 by major product/service line for the three months ended March 31, 2022 and 2021, respectively: Three months ended March 31, 2022 (in thousands) Trade Renewables Plant Nutrient Total Specialty nutrients $ — $ — $ 93,268 $ 93,268 Primary nutrients — — 89,882 89,882 Products and co-products 107,871 232,694 — 340,565 Propane and frac sand 119,792 — — 119,792 Other 6,242 1,215 26,892 34,349 Total $ 233,905 $ 233,909 $ 210,042 $ 677,856 Three months ended March 31, 2021 (in thousands) Trade Renewables Plant Nutrient Total Specialty nutrients $ — $ — $ 76,806 $ 76,806 Primary nutrients — — 71,659 71,659 Products and co-products 71,988 145,644 — 217,632 Propane and frac sand 92,065 — — 92,065 Other 4,386 3,759 20,787 28,932 Total $ 168,439 $ 149,403 $ 169,252 $ 487,094 Substantially all of the Company's revenues accounted for under ASC 606 during the three months ended March 31, 2022 and 2021, respectively, are recorded at a point in time instead of over time. Contract balances

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On a quarterly basis, the Company estimates the effective tax rate expected to be applicable for the full year and makes changes, if necessary, based on new information or events. The estimated annual effective tax rate is forecasted based on actual historical information and forward-looking estimates and is used to provide for income taxes in interim reporting periods. The Company also recognizes the tax impact of certain unusual or infrequently occurring items, such as the effects of changes in tax laws or rates and impacts from settlements with tax authorities, discretely in the quarter in which they occur. For the three months ended March 31, 2022, the Company recorded income tax expense from continuing operations of $4.1 million. The Company's effective tax rate was 38.7% on income before taxes from continuing operations of $10.6 million. The difference between the 38.7% effective tax rate and the U.S. federal statutory tax rate of 21.0% is primarily attributable to the tax impact of certain discrete derivatives and hedging activities, state and local income taxes, and nondeductible compensation offset by the effect of non-controlling interest and Federal Research and Development Credits.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table summarizes the changes in accumulated other comprehensive income (loss) ("AOCI") attributable to the Company for the three months ended March 31, 2022 and 2021: Three months ended March 31, (in thousands) 2022 2021 Currency Translation Adjustment Beginning balance $ 5,631 $ 5,739 Other comprehensive income (loss) before reclassifications 98 1,224 Tax effect — — Other comprehensive income (loss), net of tax 98 1,224 Ending balance $ 5,729 $ 6,963 Hedging Adjustment Beginning balance $ (5,335) $ (18,106) Other comprehensive income (loss) before reclassifications 10,712 8,126 Amounts reclassified from AOCI (a) 2,279 2,153 Tax effect (569) (538) Other comprehensive income (loss), net of tax 12,422 9,741 Ending balance $ 7,087 $ (8,365) Pension and Other Postretirement Adjustment Beginning balance $ 640 $ 33 Other comprehensive income (loss) before reclassifications 12 68 Amounts reclassified from AOCI (b) (228) (228) Tax effect 57 57 Other comprehensive income (loss), net of tax (159) (103) Ending balance $ 481 $ (70) Investments in Convertible Preferred Securities Adjustment Beginning balance $ 258 $ 258 Other comprehensive income (loss), net of tax — — Ending balance $ 258 $ 258 Total AOCI Ending Balance $ 13,555 $ (1,214) (a) Amounts reclassified from gain (loss) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Interest expense, net. See Note 5 for additional information. (b) This accumulated other comprehensive loss component is included in the computation of net periodic benefit cost recorded in Operating, administrative and general expenses.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share (in thousands, except per common share data) Three months ended March 31, 2022 2021 Numerator: Net income from continuing operations $ 6,504 $ 9,755 Net income (loss) attributable to noncontrolling interests (a) 447 (1,845) Net income attributable to The Andersons Inc. common shareholders from continuing operations $ 6,057 $ 11,600 Income (loss) from discontinued operations, net of income taxes $ (554) $ 3,507 Denominator: Weighted average shares outstanding – basic 33,738 33,188 Effect of dilutive awards 541 389 Weighted average shares outstanding – diluted 34,279 33,577 Earnings (loss) per share attributable to The Andersons, Inc. common shareholders: Basic earnings (loss): Continuing operations $ 0.18 $ 0.35 Discontinued operations (0.02) 0.11 $ 0.16 $ 0.46 Diluted earnings (loss): Continuing operations $ 0.18 $ 0.35 Discontinued operations (0.02) 0.10 $ 0.16 $ 0.45 (a) All net income (loss) attributable to noncontrolling interests is within continuing operations of the Company.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis at March 31, 2022, December 31, 2021 and March 31, 2021: (in thousands) March 31, 2022 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 264,806 $ 298,791 $ — $ 563,597 Provisionally priced contracts (b) 47,505 (42,698) — 4,807 Convertible preferred securities (c) — — 15,905 15,905 Other assets and liabilities (d) 4,677 9,432 — 14,109 Total $ 316,988 $ 265,525 $ 15,905 $ 598,418 (in thousands) December 31, 2021 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 128,407 $ 156,698 $ — $ 285,105 Provisionally priced contracts (b) 43,944 (89,797) — (45,853) Convertible preferred securities (c) — — 11,618 11,618 Other assets and liabilities (d) 2,784 (7,361) — (4,577) Total $ 175,135 $ 59,540 $ 11,618 $ 246,293 (in thousands) March 31, 2021 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 19,145 $ 212,170 $ — $ 231,315 Provisionally priced contracts (b) 14,231 (31,602) — (17,371) Convertible preferred securities (c) — — 11,649 11,649 Other assets and liabilities (d) 6,147 (12,774) — (6,627) Total $ 39,523 $ 167,794 $ 11,649 $ 218,966 (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 Condensed 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 and foreign exchange derivative contracts (Level 1), as well as 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, the Company has 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 RMI which consists of agricultural commodity 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 of RMI is disclosed in Note 2. 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 the Company has 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 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) 2022 2021 Assets at January 1, $ 11,618 $ 8,849 Additional investments 3,883 2,800 Gains included in Other income, net 404 — Assets at March 31, $ 15,905 $ 11,649 The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of March 31, 2022, December 31, 2021 and March 31, 2021: Quantitative Information about Recurring Level 3 Fair Value Measurements Fair Value as of (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 15,905 $ 11,618 $ 11,649 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 12/31/2021 Valuation Method Unobservable Input Weighted Average Frac sand assets (a) $ 2,946 Third party appraisal Various N/A Real property (b) 700 Market approach Various N/A (a) The Company recognized impairment charges on long lived related to its frac sand business. The fair value of the assets were determined using prior transactions and third-party appraisals. These measures are considered Level 3 inputs on a nonrecurring basis. (b) The Company recognized impairment charges on certain Trade assets and measured the fair value using Level 3 inputs on a nonrecurring basis. The fair value of the assets were determined using prior transactions in the local market and a recent sale of comparable Trade group assets held by the Company. There were no non-recurring fair value measurements as of March 31, 2022 or March 31, 2021. The fair value of the Company’s cash equivalents, accounts receivable and accounts payable approximate their carrying value as they are close to maturity.

Related Parties

Related Parties	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Parties	Related Parties In the ordinary course of business, and on an arm's length basis, the Company will enter into related party transactions with the minority shareholders of the Company's Renewables operations and several equity method investments that the Company holds, along with other related parties. The following table sets forth the related party transactions entered into for the time periods presented: Three months ended March 31, (in thousands) 2022 2021 Sales revenues $ 86,149 $ 66,646 Purchases of product and capital assets 26,427 11,674 (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Accounts receivable $ 18,539 $ 9,984 $ 11,844 Accounts payable 3,371 6,034 2,850

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s operations include three reportable business segments that are distinguished primarily on the basis of products and services offered as well as the structure of management. The Trade business includes commodity merchandising and the operation of terminal grain elevator facilities. The Renewables business produces ethanol and co-products 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. The Other category includes other corporate level costs not attributable to an operating segment and intercompany eliminations between the segments. See Note 14 for details of the divestiture of the Rail segment. The segment information below includes the allocation of expenses shared by one or more operating segments. Although management believes such allocations are reasonable, the operating information does not necessarily reflect how such data might appear if the segments were operated as separate businesses. The Company does not have any customers who represent 10 percent or more of total revenues from external customers. Three months ended March 31, (in thousands) 2022 2021 Revenues from external customers Trade $ 3,084,681 $ 1,982,508 Renewables 683,231 442,959 Plant Nutrient 210,042 169,252 Total $ 3,977,954 $ 2,594,719 Three months ended March 31, (in thousands) 2022 2021 Income (loss) before income taxes from continuing operations Trade $ 3,669 $ 13,855 Renewables 1 5,962 1,081 Plant Nutrient 10,743 8,523 Other (9,767) (9,343) Income before income taxes from continuing operations $ 10,607 $ 14,116 1 Includes income (loss) attributable to noncontrolling interests of $0.4 million and $(1.8) million for the Three months ended March 31, 2022 and 2021, respectively.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation activities The Company is party to litigation, or threats thereof, both as defendant and plaintiff with some regularity, although individual cases that are material in size occur infrequently. As a defendant, the Company establishes reserves for claimed amounts that are considered probable and capable of estimation. If those cases are resolved for lesser amounts, the excess reserves are taken into income and, conversely, if those cases are resolved for larger than the amount the Company has accrued, the Company records additional expense. The Company believes it is unlikely that the results of its current legal proceedings for which it is the defendant, even if unfavorable, will be material. As a plaintiff, amounts that are collected can also result in sudden, non-recurring income. Litigation results depend upon a variety of factors, including the availability of evidence, the credibility of witnesses, the performance of counsel, the state of the law, and the impressions of judges and jurors, any of which can be critical in importance, yet difficult, if not impossible, to predict. Consequently, cases currently pending, or future matters, may result in unexpected, and non-recurring losses, or income, from time to time. Finally, litigation results are often subject to judicial reconsideration, appeal and further negotiation by the parties, and as a result, the final impact of a particular judicial decision may be unknown for some time or may result in continued reserves to account for the potential of such post-verdict actions. Specifically, the Company is party to a non-regulatory litigation claim, which 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. While the Company believes it has meritorious defenses against the suit, the ultimate resolution of the matter could result in a loss in excess of the amount accrued. Given the status of the claim, the Company does not believe the excess, net of the acquisition-related indemnity, is material. The Andersons Marathon Holdings LLC ("TAMH") received a Pre-Filing Negotiation Offer from the United States Environmental Protection Agency ("U.S. EPA") regarding the ethanol facilities owned by TAMH. The Company owns 50.1% of TAMH, which is a consolidated subsidiary of the Company. The U.S. EPA is investigating alleged recordkeeping and reporting violations under the Emergency Planning and Community Right-to-Know Act. The Company is cooperating with the U.S. EPA. The Company does not believe that any loss from this matter would have a material impact on its operations or financial condition, although the Company is unable to predict what action might be taken in the future by the U.S. EPA regarding this matter.

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On August 16, 2021, the Company entered into a definitive agreement under which the Company sold the assets of the Company’s Rail Leasing business for a cash purchase price of approximately $543.1 million. In conjunction with the sale of the Rail Leasing business, the Company announced its intent to divest the remaining pieces of the Rail Leasing business and the Rail Repair business. Starting in the third quarter of 2021, substantially all of the assets and liabilities of our Rail business were classified as discontinued operations in the accompanying Condensed Consolidated Balance Sheets. The table below summarizes the results of the Rail Leasing business and the Rail Repair business for the three months ended March 31, 2022 and 2021 which are reflected in the Consolidated Statements of Operations as discontinued operations. Three months ended March 31, (in thousands) 2022 2021 Sales and merchandising revenues $ 13,115 $ 41,010 Cost of sales and merchandising revenues 11,071 31,739 Gross profit 2,044 9,271 Operating, administrative and general expenses 1,379 2,874 Interest expense, net — 3,180 Other income, net: 73 1,674 Income from discontinued operations before income taxes 738 4,891 Income tax provision 1,292 1,384 Income from discontinued operations, net of income taxes $ (554) $ 3,507 The following table summarizes the assets and liabilities which are classified as discontinued operations at March 31, 2022, December 31, 2021 and March 31, 2021. (in thousands) March 31, December 31, March 31, Assets Current assets: Accounts receivable, net $ 11,424 $ 12,643 $ 22,607 Inventories 7,119 6,739 7,424 Other current assets 1,712 1,503 7,105 Current assets held-for-sale 20,255 20,885 37,136 Other assets: Rail assets leased to others, net 3,574 458 580,599 Property, plant and equipment, net 17,375 17,280 18,319 Goodwill 4,167 4,167 4,167 Other intangible assets, net — 24 2,412 Right of use assets, net 19,918 20,999 20,836 Other assets, net 230 241 2,895 Total non-current assets held-for-sale 45,264 43,169 629,228 Total assets held-for-sale $ 65,519 $ 64,054 $ 666,364 Liabilities Current liabilities: Trade and other payables $ 2,864 $ 2,546 $ 4,031 Customer prepayments and deferred revenue — — 2,239 Current maturities of long-term debt — — 7,113 Current operating lease liabilities 4,235 4,672 6,561 Accrued expenses and other current liabilities 3,101 6,161 6,418 Total current liabilities held-for-sale 10,200 13,379 26,362 Long-term lease liabilities 14,738 16,119 16,035 Long-term debt, less current maturities — — 29,137 Non-current liabilities held-for-sale 14,738 16,119 45,172 Total liabilities held-for-sale $ 24,938 $ 29,498 $ 71,534 The following table summarizes cash flow data relating to discontinued operations for the three months ended March 31, 2022 and 2021: Three months ended March 31, (in thousands) 2022 2021 Depreciation and amortization $ — $ 8,887 Capital expenditures (3,284) (2,913) Proceeds from sale of assets 248 5,383 Non-cash operating activities - Gain on sale of railcars — (2,717) Non-cash investing activities - capital expenditures, consisting of unpaid capital expenditure liabilities at period end — (110)

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory, Net [Abstract]
Classes of inventories	(in thousands) March 31, December 31, March 31, Grain and other agricultural products (a) $ 1,435,763 $ 1,427,708 $ 971,914 Propane and frac sand (a) 17,529 23,780 8,388 Ethanol and co-products (a) 193,303 184,354 136,234 Plant nutrients and cob products 303,708 178,696 171,101 Total Inventories $ 1,950,303 $ 1,814,538 $ 1,287,637 (a) Includes RMI of $1,413.5 million , $1,410.9 million and $942.4 million at March 31, 2022, December 31, 2021 and March 31, 2021, respectively.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Components of property, plant and equipment	The components of Property, plant and equipment, net are as follows: (in thousands) March 31, December 31, March 31, Land $ 39,183 $ 39,162 $ 39,357 Land improvements and leasehold improvements 91,061 91,122 92,656 Buildings and storage facilities 369,850 368,577 379,245 Machinery and equipment 946,352 936,476 912,372 Construction in progress 23,512 20,676 16,108 1,469,958 1,456,013 1,439,738 Less: accumulated depreciation 697,713 669,984 599,788 Property, plant and equipment, net $ 772,245 $ 786,029 $ 839,950

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt	Short-term and long-term debt at March 31, 2022, December 31, 2021 and March 31, 2021 consisted of the following: (in thousands) March 31, December 31, March 31, Short-term debt – non-recourse $ 148,216 $ 65,485 $ 140,730 Short-term debt – recourse 1,301,552 436,307 774,475 Total short-term debt $ 1,449,768 $ 501,792 $ 915,205 Current maturities of long-term debt – non-recourse $ 7,959 $ 7,601 $ 118 Current maturities of long-term debt – recourse 46,199 24,655 42,706 Total current maturities of long-term debt $ 54,158 $ 32,256 $ 42,824 Long-term debt, less: current maturities – non-recourse $ 62,675 $ 64,972 $ 126,772 Long-term debt, less: current maturities – recourse 508,506 535,515 750,811 Total long-term debt, less: current maturities $ 571,181 $ 600,487 $ 877,583

Derivatives (Tables)

Derivatives (Tables)	3 Months Ended
	Mar. 31, 2022
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 non-current commodity derivative assets (or liabilities) on the Condensed Consolidated Balance Sheets: (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Cash collateral paid $ 409,743 $ 165,250 $ 95,533 Fair value of derivatives (144,937) (36,843) (76,388) Net derivative asset position $ 264,806 $ 128,407 $ 19,145
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The following table presents, on a gross basis, current and non-current commodity derivative assets and liabilities: March 31, 2022 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 637,947 $ 15,860 $ 34,798 $ 1,264 $ 689,869 Commodity derivative liabilities (276,874) (848) (252,534) (5,759) (536,015) Cash collateral paid 408,843 — 900 — 409,743 Balance sheet line item totals $ 769,916 $ 15,012 $ (216,836) $ (4,495) $ 563,597 December 31, 2021 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 339,321 $ 4,677 $ 23,762 $ 1,209 $ 368,969 Commodity derivative liabilities (93,758) (105) (152,673) (2,578) (249,114) Cash collateral paid 165,250 — — — 165,250 Balance sheet line item totals $ 410,813 $ 4,572 $ (128,911) $ (1,369) $ 285,105 March 31, 2021 (in thousands) Commodity Derivative Assets - Current Commodity Derivative Assets - Noncurrent Commodity Derivative Liabilities - Current Commodity Derivative Liabilities - Noncurrent Total Commodity derivative assets $ 357,802 $ 6,762 $ 20,752 $ 16 $ 385,332 Commodity derivative liabilities (123,480) (925) (124,116) (1,029) (249,550) Cash collateral paid 83,617 — 11,916 — 95,533 Balance sheet line item totals $ 317,939 $ 5,837 $ (91,448) $ (1,013) $ 231,315
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 are included in the Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2022 and 2021 are as follows: Three months ended March 31, (in thousands) 2022 2021 Gains (losses) on commodity derivatives included in Cost of sales and merchandising revenues $ 33,998 $ 166,985 The recording of derivatives gains and losses and the financial statement line in which they are located are as follows: Three months ended March 31, (in thousands) 2022 2021 Derivatives not designated as hedging instruments Interest rate derivative gains (losses) included in Interest expense, net $ 9 $ 354 Derivatives designated as hedging instruments Interest rate derivative gains (losses) included in Other comprehensive income (loss) $ 16,540 $ (12,947) Interest rate derivative gains (losses) included in Interest expense, net (1,443) (1,618)
Amounts of quantities outstanding included in commodity derivative contracts	The Company had the following volume of commodity derivative contracts outstanding (on a gross basis) at March 31, 2022, December 31, 2021 and March 31, 2021: March 31, 2022 (in thousands) Number of Bushels Number of Gallons Number of Tons Non-exchange traded: Corn 722,719 — — Soybeans 133,043 — — Wheat 102,690 — — Oats 45,967 — — Ethanol — 214,513 — Dried distillers grain — — 435 Soybean meal — — 550 Other 8,697 24,565 3,078 Subtotal 1,013,116 239,078 4,063 Exchange traded: Corn 267,135 — — Soybeans 86,410 — — Wheat 78,500 — — Oats 1,815 — — Ethanol — 47,082 — Propane — 13,356 — Other 110 1,470 547 Subtotal 433,970 61,908 547 Total 1,447,086 300,986 4,610 December 31, 2021 (in thousands) Number of Bushels Number of Gallons Number of Tons Non-exchange traded: Corn 685,681 — — Soybeans 77,592 — — Wheat 109,547 — — Oats 31,627 — — Ethanol — 192,447 — Dried distillers grain — — 507 Soybean meal — — 544 Other 57,268 16,092 1,854 Subtotal 961,715 208,539 2,905 Exchange traded: Corn 226,215 — — Soybeans 64,730 — — Wheat 65,020 — — Oats 1,300 — — Ethanol — 100,884 — Propane — 31,542 — Other 75 798 353 Subtotal 357,340 133,224 353 Total 1,319,055 341,763 3,258 March 31, 2021 (in thousands) Number of Bushels Number of Gallons Number of Tons Non-exchange traded: Corn 745,248 — — Soybeans 64,698 — — Wheat 110,930 — — Oats 48,066 — — Ethanol — 200,232 — Dried distillers grain — — 409 Soybean meal — — 383 Other 4,645 1,834 1,103 Subtotal 973,587 202,066 1,895 Exchange traded: Corn 262,920 — — Soybeans 62,020 — — Wheat 76,164 — — Oats 310 — — Ethanol — 96,978 — Propane — 12,894 — Other — 423 265 Subtotal 401,414 110,295 265 Total 1,375,001 312,361 2,160
Schedule of Fair Value of Interest Rate Derivative Liabilities	At March 31, 2022, December 31, 2021 and March 31, 2021, the Company had recorded the following amounts for the fair value of the Company's other derivatives: (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Derivatives not designated as hedging instruments Interest rate contracts included in Accrued expenses and other current liabilities $ — $ (174) $ (300) Interest rate contracts included in Other long-term liabilities — — (364) Foreign currency contracts included in Other current (liabilities) assets 1,330 (1,069) 2,107 Derivatives designated as hedging instruments Interest rate contracts included in Other current assets $ 805 $ — $ — Interest rate contracts included in Other assets 10,223 4,574 6,622 Interest rate contracts included in Accrued expenses and other current liabilities (1,596) (5,206) (6,773) Interest rate contracts included in Other long-term liabilities — (6,555) (11,959)
Schedule of Outstanding Interest Rate Derivatives	Outstanding interest rate derivatives, as of March 31, 2022, are as follows: Interest Rate Hedging Instrument Year Entered Year of Maturity Initial Notional Amount Description Interest Rate Long-term Swap 2017 2022 $ 20.0 Interest rate component of debt - accounted for as a hedge 1.8% Swap 2018 2025 $ 20.0 Interest rate component of debt - accounted for as a hedge 2.6% Swap 2019 2025 $ 100.0 Interest rate component of debt - accounted for as a hedge 2.3% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.4% Swap 2019 2025 $ 50.0 Interest rate component of debt - accounted for as a hedge 2.4% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8% Swap 2020 2030 $ 50.0 Interest rate component of debt - accounted for as a hedge 0.0% to 0.8%

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Breakdown of Revenues between ASC 606	The breakdown of revenues between the two standards are as follows: Three months ended March 31, (in thousands) 2022 2021 Revenues under ASC 606 $ 677,856 $ 487,094 Revenues under ASC 815 3,300,098 2,107,625 Total revenues $ 3,977,954 $ 2,594,719
Schedule of Disaggregation of Revenues	The following tables disaggregate revenues under ASC 606 by major product/service line for the three months ended March 31, 2022 and 2021, respectively: Three months ended March 31, 2022 (in thousands) Trade Renewables Plant Nutrient Total Specialty nutrients $ — $ — $ 93,268 $ 93,268 Primary nutrients — — 89,882 89,882 Products and co-products 107,871 232,694 — 340,565 Propane and frac sand 119,792 — — 119,792 Other 6,242 1,215 26,892 34,349 Total $ 233,905 $ 233,909 $ 210,042 $ 677,856 Three months ended March 31, 2021 (in thousands) Trade Renewables Plant Nutrient Total Specialty nutrients $ — $ — $ 76,806 $ 76,806 Primary nutrients — — 71,659 71,659 Products and co-products 71,988 145,644 — 217,632 Propane and frac sand 92,065 — — 92,065 Other 4,386 3,759 20,787 28,932 Total $ 168,439 $ 149,403 $ 169,252 $ 487,094

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the changes in accumulated other comprehensive income (loss) ("AOCI") attributable to the Company for the three months ended March 31, 2022 and 2021: Three months ended March 31, (in thousands) 2022 2021 Currency Translation Adjustment Beginning balance $ 5,631 $ 5,739 Other comprehensive income (loss) before reclassifications 98 1,224 Tax effect — — Other comprehensive income (loss), net of tax 98 1,224 Ending balance $ 5,729 $ 6,963 Hedging Adjustment Beginning balance $ (5,335) $ (18,106) Other comprehensive income (loss) before reclassifications 10,712 8,126 Amounts reclassified from AOCI (a) 2,279 2,153 Tax effect (569) (538) Other comprehensive income (loss), net of tax 12,422 9,741 Ending balance $ 7,087 $ (8,365) Pension and Other Postretirement Adjustment Beginning balance $ 640 $ 33 Other comprehensive income (loss) before reclassifications 12 68 Amounts reclassified from AOCI (b) (228) (228) Tax effect 57 57 Other comprehensive income (loss), net of tax (159) (103) Ending balance $ 481 $ (70) Investments in Convertible Preferred Securities Adjustment Beginning balance $ 258 $ 258 Other comprehensive income (loss), net of tax — — Ending balance $ 258 $ 258 Total AOCI Ending Balance $ 13,555 $ (1,214) (a) Amounts reclassified from gain (loss) on cash flow hedges are reclassified from AOCI to income when the hedged item affects earnings and is recognized in Interest expense, net. See Note 5 for additional information. (b) This accumulated other comprehensive loss component is included in the computation of net periodic benefit cost recorded in Operating, administrative and general expenses.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings per share	(in thousands, except per common share data) Three months ended March 31, 2022 2021 Numerator: Net income from continuing operations $ 6,504 $ 9,755 Net income (loss) attributable to noncontrolling interests (a) 447 (1,845) Net income attributable to The Andersons Inc. common shareholders from continuing operations $ 6,057 $ 11,600 Income (loss) from discontinued operations, net of income taxes $ (554) $ 3,507 Denominator: Weighted average shares outstanding – basic 33,738 33,188 Effect of dilutive awards 541 389 Weighted average shares outstanding – diluted 34,279 33,577 Earnings (loss) per share attributable to The Andersons, Inc. common shareholders: Basic earnings (loss): Continuing operations $ 0.18 $ 0.35 Discontinued operations (0.02) 0.11 $ 0.16 $ 0.46 Diluted earnings (loss): Continuing operations $ 0.18 $ 0.35 Discontinued operations (0.02) 0.10 $ 0.16 $ 0.45 (a) All net income (loss) attributable to noncontrolling interests is within continuing operations of the Company.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis at March 31, 2022, December 31, 2021 and March 31, 2021: (in thousands) March 31, 2022 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 264,806 $ 298,791 $ — $ 563,597 Provisionally priced contracts (b) 47,505 (42,698) — 4,807 Convertible preferred securities (c) — — 15,905 15,905 Other assets and liabilities (d) 4,677 9,432 — 14,109 Total $ 316,988 $ 265,525 $ 15,905 $ 598,418 (in thousands) December 31, 2021 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 128,407 $ 156,698 $ — $ 285,105 Provisionally priced contracts (b) 43,944 (89,797) — (45,853) Convertible preferred securities (c) — — 11,618 11,618 Other assets and liabilities (d) 2,784 (7,361) — (4,577) Total $ 175,135 $ 59,540 $ 11,618 $ 246,293 (in thousands) March 31, 2021 Assets (liabilities) Level 1 Level 2 Level 3 Total Commodity derivatives, net (a) $ 19,145 $ 212,170 $ — $ 231,315 Provisionally priced contracts (b) 14,231 (31,602) — (17,371) Convertible preferred securities (c) — — 11,649 11,649 Other assets and liabilities (d) 6,147 (12,774) — (6,627) Total $ 39,523 $ 167,794 $ 11,649 $ 218,966 (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 Condensed 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 and foreign exchange derivative contracts (Level 1), as well as 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) 2022 2021 Assets at January 1, $ 11,618 $ 8,849 Additional investments 3,883 2,800 Gains included in Other income, net 404 — Assets at March 31, $ 15,905 $ 11,649
Fair Value Inputs, Assets, Quantitative Information	The following tables summarize quantitative information about the Company's Level 3 fair value measurements as of March 31, 2022, December 31, 2021 and March 31, 2021: Quantitative Information about Recurring Level 3 Fair Value Measurements Fair Value as of (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Valuation Method Unobservable Input Weighted Average Convertible preferred securities (a) $ 15,905 $ 11,618 $ 11,649 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 12/31/2021 Valuation Method Unobservable Input Weighted Average Frac sand assets (a) $ 2,946 Third party appraisal Various N/A Real property (b) 700 Market approach Various N/A (a) The Company recognized impairment charges on long lived related to its frac sand business. The fair value of the assets were determined using prior transactions and third-party appraisals. These measures are considered Level 3 inputs on a nonrecurring basis. (b) The Company recognized impairment charges on certain Trade assets and measured the fair value using Level 3 inputs on a nonrecurring basis. The fair value of the assets were determined using prior transactions in the local market and a recent sale of comparable Trade group assets held by the Company.

Related Parties (Tables)

Related Parties (Tables)	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Schedule of related party transactions	The following table sets forth the related party transactions entered into for the time periods presented: Three months ended March 31, (in thousands) 2022 2021 Sales revenues $ 86,149 $ 66,646 Purchases of product and capital assets 26,427 11,674 (in thousands) March 31, 2022 December 31, 2021 March 31, 2021 Accounts receivable $ 18,539 $ 9,984 $ 11,844 Accounts payable 3,371 6,034 2,850

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
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. The Company does not have any customers who represent 10 percent or more of total revenues from external customers. Three months ended March 31, (in thousands) 2022 2021 Revenues from external customers Trade $ 3,084,681 $ 1,982,508 Renewables 683,231 442,959 Plant Nutrient 210,042 169,252 Total $ 3,977,954 $ 2,594,719 Three months ended March 31, (in thousands) 2022 2021 Income (loss) before income taxes from continuing operations Trade $ 3,669 $ 13,855 Renewables 1 5,962 1,081 Plant Nutrient 10,743 8,523 Other (9,767) (9,343) Income before income taxes from continuing operations $ 10,607 $ 14,116 1 Includes income (loss) attributable to noncontrolling interests of $0.4 million and $(1.8) million for the Three months ended March 31, 2022 and 2021, respectively.

Discontinued Operation (Tables)

Discontinued Operation (Tables)	3 Months Ended
	Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations	The table below summarizes the results of the Rail Leasing business and the Rail Repair business for the three months ended March 31, 2022 and 2021 which are reflected in the Consolidated Statements of Operations as discontinued operations. Three months ended March 31, (in thousands) 2022 2021 Sales and merchandising revenues $ 13,115 $ 41,010 Cost of sales and merchandising revenues 11,071 31,739 Gross profit 2,044 9,271 Operating, administrative and general expenses 1,379 2,874 Interest expense, net — 3,180 Other income, net: 73 1,674 Income from discontinued operations before income taxes 738 4,891 Income tax provision 1,292 1,384 Income from discontinued operations, net of income taxes $ (554) $ 3,507 The following table summarizes the assets and liabilities which are classified as discontinued operations at March 31, 2022, December 31, 2021 and March 31, 2021. (in thousands) March 31, December 31, March 31, Assets Current assets: Accounts receivable, net $ 11,424 $ 12,643 $ 22,607 Inventories 7,119 6,739 7,424 Other current assets 1,712 1,503 7,105 Current assets held-for-sale 20,255 20,885 37,136 Other assets: Rail assets leased to others, net 3,574 458 580,599 Property, plant and equipment, net 17,375 17,280 18,319 Goodwill 4,167 4,167 4,167 Other intangible assets, net — 24 2,412 Right of use assets, net 19,918 20,999 20,836 Other assets, net 230 241 2,895 Total non-current assets held-for-sale 45,264 43,169 629,228 Total assets held-for-sale $ 65,519 $ 64,054 $ 666,364 Liabilities Current liabilities: Trade and other payables $ 2,864 $ 2,546 $ 4,031 Customer prepayments and deferred revenue — — 2,239 Current maturities of long-term debt — — 7,113 Current operating lease liabilities 4,235 4,672 6,561 Accrued expenses and other current liabilities 3,101 6,161 6,418 Total current liabilities held-for-sale 10,200 13,379 26,362 Long-term lease liabilities 14,738 16,119 16,035 Long-term debt, less current maturities — — 29,137 Non-current liabilities held-for-sale 14,738 16,119 45,172 Total liabilities held-for-sale $ 24,938 $ 29,498 $ 71,534 The following table summarizes cash flow data relating to discontinued operations for the three months ended March 31, 2022 and 2021: Three months ended March 31, (in thousands) 2022 2021 Depreciation and amortization $ — $ 8,887 Capital expenditures (3,284) (2,913) Proceeds from sale of assets 248 5,383 Non-cash operating activities - Gain on sale of railcars — (2,717) Non-cash investing activities - capital expenditures, consisting of unpaid capital expenditure liabilities at period end — (110)

Inventories (Details)

Inventories (Details) $ in Thousands, bu in Millions	Mar. 31, 2022USD ($)bu	Dec. 31, 2021USD ($)bu	Mar. 31, 2021USD ($)bu
Inventory, Net [Abstract]
Grain and other agricultural products	$ 1,435,763	$ 1,427,708	$ 971,914
Frac sand and propane	17,529	23,780	8,388
Ethanol and co-products	193,303	184,354	136,234
Plant nutrients and cob products	303,708	178,696	171,101
Total inventories	1,950,303	1,814,538	1,287,637
Readily marketable inventory	$ 1,413,500	$ 1,410,900	$ 942,400
Bushels of grain held in storage for others and excluded from inventory calculations | bu	1	3	1.6

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Components of property, plant and equipment
Land	$ 39,183	$ 39,162	$ 39,357
Land improvements and leasehold improvements	91,061	91,122	92,656
Buildings and storage facilities	369,850	368,577	379,245
Machinery and equipment	946,352	936,476	912,372
Construction in progress	23,512	20,676	16,108
Property, plant and equipment, gross	1,469,958	1,456,013	1,439,738
Less: accumulated depreciation	697,713	669,984	599,788
Property, plant and equipment, net	$ 772,245	$ 786,029	$ 839,950

Property, Plant and Equipment_3

Property, Plant and Equipment (Textual) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 28,300	$ 31,100
Proceeds from sale of assets	$ 248	$ 5,383

Debt - Schedule of Short-term a

Debt - Schedule of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Short-term debt	$ 1,449,768	$ 501,792	$ 915,205
Long-term debt
Current maturities of long-term debt	54,158	32,256	42,824
Total current maturities of long-term debt	54,158	32,256	42,824
Long-term debt, less current maturities	571,181	600,487	877,583
Total long-term debt, less: current maturities	571,181	600,487	877,583
Nonrecourse
Debt Instrument [Line Items]
Short-term debt	148,216	65,485	140,730
Long-term debt
Current maturities of long-term debt	7,959	7,601	118
Long-term debt, less current maturities	62,675	64,972	126,772
Recourse
Debt Instrument [Line Items]
Short-term debt	1,301,552	436,307	774,475
Long-term debt
Current maturities of long-term debt	46,199	24,655	42,706
Long-term debt, less current maturities	$ 508,506	$ 535,515	$ 750,811

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2022	Mar. 28, 2022	Mar. 09, 2022	Mar. 02, 2022	Dec. 31, 2021	Mar. 31, 2021	Jan. 11, 2019
Notes payable
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity			$ 450	$ 250
Line of credit	$ 350
Estimate of Fair Value Measurement
Line of Credit Facility [Line Items]
Long-term debt, fair value	633.9				$ 650.7	$ 940.7
Line of credit
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity	2,031.4
Total available for borrowings under lines of credit	$ 907.3
Line of credit | Revolving line of credit
Line of Credit Facility [Line Items]
Credit facility, maximum borrowing capacity		$ 1,550					$ 900
Notes payable | Long term note due 2027
Line of Credit Facility [Line Items]
Debt amount		140.6
Notes payable | Long term note due 2029
Line of Credit Facility [Line Items]
Debt amount		$ 209.4

Derivatives (Textual) (Details)

Derivatives (Textual) (Details)	3 Months Ended
	Mar. 31, 2022
Derivative [Line Items]
Maximum period in which contracts for the sale of grain to processors or other consumers extend (years)	1 year

Derivatives (Net Asset or Liabi

Derivatives (Net Asset or Liability Positions in Balance Sheet) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Estimated fair value of Company's commodity derivative instruments for cash collateral and associated cash as collateral
Net derivative asset position, Collateral paid (received)	$ 409,743	$ 165,250	$ 95,533
Net derivative liability position, Fair value of derivatives	(144,937)	(36,843)	(76,388)
Net derivative asset position, net	$ 264,806	$ 128,407	$ 19,145

Derivatives (Gross Current and

Derivatives (Gross Current and Noncurrent Assets and Liabilities) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Derivatives, Fair Value [Line Items]
Commodity derivative liabilities	$ (144,937)	$ (36,843)	$ (76,388)
Commodity derivative assets - current	769,916	410,813	317,939
Commodity derivative liabilities - current	(216,836)	(128,911)	(91,448)
Commodity
Derivatives, Fair Value [Line Items]
Commodity derivative assets	689,869	368,969	385,332
Commodity derivative liabilities	(536,015)	(249,114)	(249,550)
Cash collateral paid	409,743	165,250
Cash collateral paid			95,533
Total	563,597	285,105	231,315
Commodity | Commodity Derivative Assets - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	637,947	339,321	357,802
Commodity derivative liabilities	(276,874)	(93,758)	(123,480)
Cash collateral paid	408,843	165,250
Cash collateral paid			83,617
Commodity derivative assets - current	769,916	410,813	317,939
Commodity | Commodity Derivative Assets - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	15,860	4,677	6,762
Commodity derivative liabilities	(848)	(105)	(925)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative assets - noncurrent	15,012	4,572	5,837
Commodity | Commodity Derivative Liabilities - Current
Derivatives, Fair Value [Line Items]
Commodity derivative assets	34,798	23,762	20,752
Commodity derivative liabilities	(252,534)	(152,673)	(124,116)
Cash collateral paid	900	0
Cash collateral paid			11,916
Commodity derivative liabilities - current	(216,836)	(128,911)	(91,448)
Commodity | Commodity Derivative Liabilities - Noncurrent
Derivatives, Fair Value [Line Items]
Commodity derivative assets	1,264	1,209	16
Commodity derivative liabilities	(5,759)	(2,578)	(1,029)
Cash collateral paid	0	0
Cash collateral paid			0
Commodity derivative liabilities - noncurrent	$ (4,495)	$ (1,369)	$ (1,013)

Derivatives (Pre-tax Gains and

Derivatives (Pre-tax Gains and Losses) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Commodity | Cost of sales and merchandising revenues
Derivative Instruments, Gain (Loss) [Line Items]
Gains (losses) on derivatives instruments recognized in earnings	$ 33,998	$ 166,985
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	9	354
Designated as Hedging Instrument | Interest rate contracts
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative gains (losses) included in Other comprehensive income (loss)	16,540	(12,947)
Designated as Hedging Instrument | Interest rate contracts | Operating, administrative and general expenses
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate derivative gains (losses) included in Interest expense, net	$ (1,443)	$ (1,618)

Derivatives (Volume of Contract

Derivatives (Volume of Contracts Outstanding) (Details) gal in Thousands, bu in Thousands, T in Thousands	Mar. 31, 2022bu	Mar. 31, 2022gal	Mar. 31, 2022T	Dec. 31, 2021bu	Dec. 31, 2021gal	Dec. 31, 2021T	Mar. 31, 2021bu	Mar. 31, 2021gal	Mar. 31, 2021T
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	1,447,086	300,986	4,610	1,319,055	341,763	3,258	1,375,001	312,361	2,160
Non-exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	1,013,116	239,078	4,063	961,715	208,539	2,905	973,587	202,066	1,895
Non-exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	722,719	0	0	685,681	0	0	745,248	0	0
Non-exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	133,043	0	0	77,592	0	0	64,698	0	0
Non-exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	102,690	0	0	109,547	0	0	110,930	0	0
Non-exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	45,967	0	0	31,627	0	0	48,066	0	0
Non-exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	214,513	0	0	192,447	0	0	200,232	0
Non-exchange Traded | Dried distillers grain
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	435	0	0	507	0	0	409
Non-exchange Traded | Soybean meal
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	0	550	0	0	544	0	0	383
Non-exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	8,697	24,565	3,078	57,268	16,092	1,854	4,645	1,834	1,103
Exchange Traded
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	433,970	61,908	547	357,340	133,224	353	401,414	110,295	265
Exchange Traded | Corn
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	267,135	0	0	226,215	0	0	262,920	0	0
Exchange Traded | Soybeans
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	86,410	0	0	64,730	0	0	62,020	0	0
Exchange Traded | Wheat
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	78,500	0	0	65,020	0	0	76,164	0	0
Exchange Traded | Oats
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	1,815	0	0	1,300	0	0	310	0	0
Exchange Traded | Ethanol
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	47,082	0	0	100,884	0	0	96,978	0
Exchange Traded | Propane
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	0	13,356	0	0	31,542	0	0	12,894	0
Exchange Traded | Other
Amounts of quantities outstanding included in commodity derivative contracts
Nonmonetary notional amount	110	1,470	547	75	798	353	0	423	265

Derivatives (Fair Value of the

Derivatives (Fair Value of the Company's Other Derivatives) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Not Designated as Hedging Instrument | Foreign currency contract
Derivative [Line Items]
Derivative liabilities		$ (1,069)
Derivative assets	$ 1,330		$ 2,107
Not Designated as Hedging Instrument | Accrued expenses and other current liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	0	(174)	(300)
Not Designated as Hedging Instrument | Other long term liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	0	0	(364)
Designated as Hedging Instrument | Accrued expenses and other current liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	(1,596)	(5,206)	(6,773)
Designated as Hedging Instrument | Other long term liabilities | Interest rate contracts
Derivative [Line Items]
Derivative liabilities	0	(6,555)	(11,959)
Designated as Hedging Instrument | Other current assets | Interest rate contracts
Derivative [Line Items]
Derivative assets	805	0	0
Designated as Hedging Instrument | Other Noncurrent Assets | Interest rate contracts
Derivative [Line Items]
Derivative assets	$ 10,223	$ 4,574	$ 6,622

Derivatives (Outstanding Intere

Derivatives (Outstanding Interest Rate Derivatives) (Details) - Long-term $ in Millions	Mar. 31, 2022USD ($)
Not Accounted for as Hedge | Swap 0.0% to 0.8% | Minimum
Derivative [Line Items]
Interest rate	0.00%
Not Accounted for as Hedge | Swap 0.0% to 0.8% | Maximum
Derivative [Line Items]
Interest rate	0.80%
Not Accounted for as Hedge | Swap 0.0% to 0.8% | Minimum
Derivative [Line Items]
Interest rate	0.00%
Not Accounted for as Hedge | Swap 0.0% to 0.8% | Maximum
Derivative [Line Items]
Interest rate	0.80%
Accounted for as Hedge | Swap 1.8%
Derivative [Line Items]
Notional amount	$ 20
Interest rate	1.80%
Accounted for as Hedge | Swap 2.6%
Derivative [Line Items]
Notional amount	$ 20
Interest rate	2.60%
Accounted for as Hedge | Swap 2.3%
Derivative [Line Items]
Notional amount	$ 100
Interest rate	2.30%
Accounted for as Hedge | Swap 2.4%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.40%
Accounted for as Hedge | Swap 2.4%
Derivative [Line Items]
Notional amount	$ 50
Interest rate	2.40%
Accounted for as Hedge | Swap 0.0% to 0.8%
Derivative [Line Items]
Notional amount	$ 50
Accounted for as Hedge | Swap 0.0% to 0.8%
Derivative [Line Items]
Notional amount	$ 50

Revenue (Breakdown of Revenues

Revenue (Breakdown of Revenues by Accounting Standards) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	$ 677,856	$ 487,094
Total revenues	3,977,954	2,594,719
Revenues under ASC 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Revenue from contract with customers	677,856	487,094
Revenues under ASC 815
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues	$ 3,300,098	$ 2,107,625

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenues) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Total	$ 677,856	$ 487,094
Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	93,268	76,806
Primary nutrients
Disaggregation of Revenue [Line Items]
Total	89,882	71,659
Products and co-products
Disaggregation of Revenue [Line Items]
Total	340,565	217,632
Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	119,792	92,065
Other
Disaggregation of Revenue [Line Items]
Total	34,349	28,932
Trade
Disaggregation of Revenue [Line Items]
Total	233,905	168,439
Trade | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Trade | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Trade | Products and co-products
Disaggregation of Revenue [Line Items]
Total	107,871	71,988
Trade | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	119,792	92,065
Trade | Other
Disaggregation of Revenue [Line Items]
Total	6,242	4,386
Ethanol
Disaggregation of Revenue [Line Items]
Total	233,909	149,403
Ethanol | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Ethanol | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	0	0
Ethanol | Products and co-products
Disaggregation of Revenue [Line Items]
Total	232,694	145,644
Ethanol | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0	0
Ethanol | Other
Disaggregation of Revenue [Line Items]
Total	1,215	3,759
Plant Nutrient
Disaggregation of Revenue [Line Items]
Total	210,042	169,252
Plant Nutrient | Specialty nutrients
Disaggregation of Revenue [Line Items]
Total	93,268	76,806
Plant Nutrient | Primary nutrients
Disaggregation of Revenue [Line Items]
Total	89,882	71,659
Plant Nutrient | Products and co-products
Disaggregation of Revenue [Line Items]
Total	0	0
Plant Nutrient | Frac sand and propane
Disaggregation of Revenue [Line Items]
Total	0	0
Plant Nutrient | Other
Disaggregation of Revenue [Line Items]
Total	$ 26,892	$ 20,787

Revenue (Textual) (Details)

Revenue (Textual) (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract Liabilities	$ 185.5	$ 100.8

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ 4,103	$ 4,361
Effective income tax rate	(38.70%)	30.90%
Income (loss) before income taxes	$ 10,607	$ 14,116

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	$ 1,307,704	$ 1,160,660
Other comprehensive income	12,361	10,862
Ending Balance	1,317,221	1,182,551
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	1,194	(12,076)
Ending Balance	13,555	(1,214)
Currency Translation Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	5,631	5,739
Other comprehensive income (loss) before reclassifications	98	1,224
Other Comprehensive Income (Loss), Tax	0	0
Other comprehensive income	98	1,224
Ending Balance	5,729	6,963
Hedging Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	(5,335)	(18,106)
Other comprehensive income (loss) before reclassifications	10,712	8,126
Amounts reclassified from accumulated other comprehensive income (loss)	2,279	2,153
Other Comprehensive Income (Loss), Tax	(569)	(538)
Other comprehensive income	12,422	9,741
Ending Balance	7,087	(8,365)
Pension and Other Postretirement Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	640	33
Other comprehensive income (loss) before reclassifications	12	68
Amounts reclassified from accumulated other comprehensive income (loss)	(228)	(228)
Other Comprehensive Income (Loss), Tax	57	57
Other comprehensive income	(159)	(103)
Ending Balance	481	(70)
Investments in Convertible Preferred Securities Adjustment
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning Balance	258	258
Other comprehensive income	0	0
Ending Balance	$ 258	$ 258

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net income from continuing operations	$ 6,504	$ 9,755
Net income (loss) attributable to noncontrolling interests	447	(1,845)
Net income attributable to The Andersons, Inc.	6,057	11,600
Income (loss) from discontinued operations, net of income taxes	$ (554)	$ 3,507
Denominator:
Weighted average shares outstanding - basic (shares)	33,738	33,188
Effect of dilutive awards (shares)	541	389
Weighted average shares outstanding - diluted (shares)	34,279	33,577
Basic earnings (loss):
Continuing operations (in dollars per share)	$ 0.18	$ 0.35
Discontinued operations (in dollars per share)	(0.02)	0.11
Earnings per common share - basic (dollars per share)	0.16	0.46
Diluted earnings (loss):
Continuing operations (in dollars per share)	0.18	0.35
Discontinued operations (in dollars per share)	(0.02)	0.10
Earnings per common share - diluted (dollars per share)	$ 0.16	$ 0.45

Fair Value Measurements (Assets

Fair Value Measurements (Assets and Liabilities Measured on Recurring Basis) (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	$ 563,597	$ 285,105	$ 231,315
Provisionally priced contracts	4,807	(45,853)	(17,371)
Convertible preferred securities	15,905	11,618	11,649
Other assets and liabilities	14,109	(4,577)	(6,627)
Total	598,418	246,293	218,966
Level 1
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	264,806	128,407	19,145
Provisionally priced contracts	47,505	43,944	14,231
Convertible preferred securities	0	0	0
Other assets and liabilities	4,677	2,784	6,147
Total	316,988	175,135	39,523
Level 2
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	298,791	156,698	212,170
Provisionally priced contracts	(42,698)	(89,797)	(31,602)
Convertible preferred securities	0	0	0
Other assets and liabilities	9,432	(7,361)	(12,774)
Total	265,525	59,540	167,794
Level 3
Assets and liabilities measured at fair value on a recurring basis
Commodity derivatives, net	0	0	0
Provisionally priced contracts	0	0	0
Convertible preferred securities	15,905	11,618	11,649
Other assets and liabilities	0	0	0
Total	$ 15,905	$ 11,618	$ 11,649

Fair Value Measurements (Reconc

Fair Value Measurements (Reconciliation of Beginning and Ending Balances of Level 3 Measurements) (Details) - Level 3 - Convertible preferred securities - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reconciliation of Fair Value Measurements Using Level 3
Asset (liability), Beginning Balance	$ 11,618	$ 8,849
Additional investments	3,883	2,800
Gains included in Other income, net	404	0
Asset (liability), Ending Balance	$ 15,905	$ 11,649

Fair Value Measurements (Quanti

Fair Value Measurements (Quantitative Information Level 3 Measurements ) (Details) - Level 3 - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Valuation, Third Party Appraisal | Frac sand assets | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 2,946
Implied based on market prices | Convertible preferred securities | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	15,905	$ 11,618	$ 11,649
Implied based on market prices | Property, Plant and Equipment [Member] | Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset fair value	$ 700

Related Parties (Details)

Related Parties (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transactions [Abstract]
Sales revenues	$ 86,149	$ 66,646
Purchases of product	26,427	11,674
Accounts receivable	18,539	11,844	$ 9,984
Accounts payable	$ 3,371	$ 2,850	$ 6,034

Segment Information (Textual) (

Segment Information (Textual) (Details)	3 Months Ended
	Mar. 31, 2022segment
Segment Reporting [Abstract]
Number of reportable segments (business segments)	3

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information [Line Items]
Revenues from external customers	$ 3,977,954	$ 2,594,719
Income before income taxes from continuing operations	10,607	14,116
Net income (loss) attributable to noncontrolling interests	447	(1,845)
Operating Segments | Trade
Segment Reporting Information [Line Items]
Revenues from external customers	3,084,681	1,982,508
Income before income taxes from continuing operations	3,669	13,855
Operating Segments | Renewables
Segment Reporting Information [Line Items]
Revenues from external customers	683,231	442,959
Income before income taxes from continuing operations	5,962	1,081
Net income (loss) attributable to noncontrolling interests	400	(1,800)
Operating Segments | Plant Nutrient
Segment Reporting Information [Line Items]
Revenues from external customers	210,042	169,252
Income before income taxes from continuing operations	10,743	8,523
Other
Segment Reporting Information [Line Items]
Income before income taxes from continuing operations	$ (9,767)	$ (9,343)

Commitments and Contingencies (

Commitments and Contingencies (Details)	Mar. 31, 2022
The Andersons Marathon Holdings LLC
Operating Leased Assets [Line Items]
Ownership percentage by parent	50.10%

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Aug. 16, 2021
Income Statement Disclosures
Sales and merchandising revenues	$ 13,115	$ 41,010
Cost of sales and merchandising revenues	11,071	31,739
Gross profit	2,044	9,271
Operating, administrative and general expenses	1,379	2,874
Interest expense, net	0	3,180
Other income, net:	73	1,674
Income from discontinued operations before income taxes	738	4,891
Income tax provision	1,292	1,384
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(554)	3,507
Current assets:
Accounts receivable, net	11,424	22,607	$ 12,643
Inventories	7,119	7,424	6,739
Other current assets	1,712	7,105	1,503
Current assets held-for-sale	20,255	37,136	20,885
Other assets:
Rail assets leased to others, net	3,574	580,599	458
Property, plant and equipment, net	17,375	18,319	17,280
Goodwill	4,167	4,167	4,167
Other intangible assets, net	0	2,412	24
Right of use assets, net	19,918	20,836	20,999
Other assets, net	230	2,895	241
Total non-current assets held-for-sale	45,264	629,228	43,169
Total assets held-for-sale	65,519	666,364	64,054
Current liabilities:
Trade and other payables	2,864	4,031	2,546
Customer prepayments and deferred revenue	0	2,239	0
Current maturities of long-term debt	0	7,113	0
Current operating lease liabilities	4,235	6,561	4,672
Accrued expenses and other current liabilities	3,101	6,418	6,161
Total current liabilities held-for-sale	10,200	26,362	13,379
Long-term lease liabilities	14,738	16,035	16,119
Long-term debt, less current maturities	0	29,137	0
Non-current liabilities held-for-sale	14,738	45,172	16,119
Total liabilities held-for-sale	24,938	71,534	$ 29,498
Cash Flow Disclosures
Depreciation and amortization	0	8,887
Capital expenditures	(3,284)	(2,913)
Proceeds from sale of assets	248	5,383
Non-cash operating activities - Gain on sale of railcars	0	(2,717)
Non-cash investing activities - capital expenditures, consisting of unpaid capital expenditure liabilities at period end	$ 0	$ (110)
Rail Leasing Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideration on sell of assets				$ 543,100