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Earnings Per Share | 6 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share Unvested share-based payment awards that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. The two-class method of computing earnings per share is an earnings allocation formula that determines earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The Company’s nonvested restricted stock that was granted prior to March 2015 is considered a participating security since the share-based awards contain a non-forfeitable right to dividends irrespective of whether the awards ultimately vest.
(in thousands, except per common share data) | Three months ended June 30, |  | Six months ended June 30,
2016 |  | 2015 |  | 2016 |  | 2015
Net income (loss) attributable to The Andersons, Inc. | $ | 14,423 |  |  | $ | 31,092 |  |  | $ | (273 | ) |  | $ | 35,189 |
Less: Distributed and undistributed earnings allocated to nonvested restricted stock | 8 |  |  | 52 |  |  | 5 |  |  | 66 |
Earnings (loss) available to common shareholders | $ | 14,415 |  |  | $ | 31,040 |  |  | $ | (278 | ) |  | $ | 35,123 |
Earnings per share – basic: |  |  |  |  |  |  |
Weighted average shares outstanding – basic | 28,227 |  |  | 28,375 |  |  | 28,164 |  |  | 28,558 |
Earnings (loss) per common share – basic | $ | 0.51 |  |  | $ | 1.09 |  |  | $ | (0.01 | ) |  | $ | 1.23 |
Earnings per share – diluted: |  |  |  |  |  |  |
Weighted average shares outstanding – basic | 28,227 |  |  | 28,375 |  |  | 28,164 |  |  | 28,558 |
Effect of dilutive awards | 86 |  |  | 13 |  |  | — |  |  | 51 |
Weighted average shares outstanding – diluted | 28,313 |  |  | 28,388 |  |  | 28,164 |  |  | 28,609 |
Earnings (loss) per common share – diluted | $ | 0.51 |  |  | $ | 1.09 |  |  | $ | (0.01 | ) |  | $ | 1.23 |
All outstanding share awards were antidilutive for the six months ended June 30, 2016 as the Company experienced a net loss. There were no antidilutive stock-based awards outstanding for the three months ended June 30, 2016 or at June 30, 2015.

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