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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Jun. 30, 2012
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Jun. 30, 2011
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Jun. 30, 2012
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Jun. 30, 2011
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| Sales and merchandising revenues | $ 1,315,834 | $ 1,338,167 | $ 2,452,967 | $ 2,339,841 |
| Cost of sales and merchandising revenues | 1,213,184 | 1,215,395 | 2,264,447 | 2,138,384 |
| Gross profit | 102,650 | 122,772 | 188,520 | 201,457 |
| Operating, administrative and general expenses | 59,210 | 57,730 | 119,310 | 111,437 |
| Interest expense | 5,380 | 7,562 | 10,710 | 14,898 |
| Other income: | ||||
| Equity in earnings of affiliates | 5,096 | 12,512 | 9,379 | 19,758 |
| Other income, net | 2,671 | 2,018 | 5,917 | 4,324 |
| Income before income taxes | 45,827 | 72,010 | 73,796 | 99,204 |
| Income tax provision | 17,356 | 25,975 | 27,597 | 35,781 |
| Net income | 28,471 | 46,035 | 46,199 | 63,423 |
| Net income (loss) attributable to the noncontrolling interest | (728) | 817 | (1,407) | 939 |
| Net income attributable to The Andersons, Inc. | $ 29,199 | $ 45,218 | $ 47,606 | $ 62,484 |
| Per common share: | ||||
| Basic earnings attributable to The Andersons, Inc. common shareholders (dollars per share) | $ 1.57 | $ 2.44 | $ 2.56 | $ 3.37 |
| Diluted earnings attributable to The Andersons, Inc. common shareholders (dollars per share) | $ 1.56 | $ 2.42 | $ 2.54 | $ 3.34 |
| Dividends paid (dollars per share) | $ 0.15 | $ 0.1100 | $ 0.30 | $ 0.2200 |
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- Definition
Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount of operating interest income (expense). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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