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Related Party Transactions (Tables) | 3 Months Ended
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Mar. 31, 2019
Related Party Transactions [Abstract] |
Company's investment balance in each of its equity method investees by entity | The following table presents unaudited summarized financial information for the investees excluding LTG and Thompsons in 2019 as they are now reflected in consolidated results:
(in thousands) | Three months ended March 31,
2019 |  | 2018
Revenues | $ | 122,862 |  |  | $ | 1,459,331 |
Gross profit | 4,021 |  |  | 56,096 |
Income (loss) from continuing operations | 1,963 |  |  | 8,908 |
Net income (loss) | 1,963 |  |  | 9,462 |
Net income (loss) attributable to Companies | 1,963 |  |  | 9,462 |
The following table presents the Company’s investment balance in each of its equity method investees by entity:
(in thousands) | March 31, 2019 |  | December 31, 2018 |  | March 31, 2018
The Andersons Albion Ethanol LLC | $ | 50,641 |  |  | $ | 50,382 |  |  | $ | 46,145 |
The Andersons Clymers Ethanol LLC | 24,823 |  |  | 24,242 |  |  | 20,339 |
The Andersons Marathon Ethanol LLC | 15,650 |  |  | 14,841 |  |  | 12,615 |
Lansing Trade Group, LLC (a) | — |  |  | 101,715 |  |  | 94,483 |
Thompsons Limited (a) | — |  |  | 48,987 |  |  | 48,362 |
Providence Grain | 19,258 |  |  | — |  |  | — |
Other | 11,409 |  |  | 2,159 |  |  | 2,505 |
Total | $ | 121,781 |  |  | $ | 242,326 |  |  | $ | 224,449 |
(a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the Company purchased the remaining equity of LTG. The transaction results in the consolidation of Thompsons Limited of Ontario, Canada and related entities, which LTG and the Company had equally owned.
Income (loss) earned from the Company's equity method investments by entity | The following table summarizes income (loss) earned from the Company’s equity method investments by entity:
|  |  | Three months ended March 31,
(in thousands) | % Ownership at March 31, 2019 |  | 2019 |  | 2018
The Andersons Albion Ethanol LLC | 55% |  | $ | 259 |  |  | $ | 1,121 |
The Andersons Clymers Ethanol LLC | 39% |  | 581 |  |  | 509 |
The Andersons Marathon Ethanol LLC | 33% |  | 809 |  |  | (44 | )
Lansing Trade Group, LLC (a) | 100% (a) |  | — |  |  | 2,584 |
Thompsons Limited (a) | 100% (a) |  | — |  |  | (669 | )
Providence Grain | 39% |  | (125 | ) |  | — |
Other | 5% - 51% |  | (5 | ) |  | 72 |
Total |  |  | $ | 1,519 |  |  | $ | 3,573 |
(a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the company purchased the remaining equity of LTG. The transaction results in the consolidation of Thompsons Limited and related entities, which LTG and the Company had equally owned.
Schedule of aggregate summarized financial information of subsidiaries | The following table presents unaudited summarized financial information for the investees excluding LTG and Thompsons in 2019 as they are now reflected in consolidated results:
(in thousands) | Three months ended March 31,
2019 |  | 2018
Revenues | $ | 122,862 |  |  | $ | 1,459,331 |
Gross profit | 4,021 |  |  | 56,096 |
Income (loss) from continuing operations | 1,963 |  |  | 8,908 |
Net income (loss) | 1,963 |  |  | 9,462 |
Net income (loss) attributable to Companies | 1,963 |  |  | 9,462 |
The following table sets forth the related party transactions entered into for the time periods presented:
| Three months ended March 31,
(in thousands) | 2019 |  | 2018
Sales revenues | $ | 61,168 |  |  | $ | 88,815 |
Service fee revenues (a) | 4,112 |  |  | 5,117 |
Purchases of product and capital assets | 169,229 |  |  | 181,524 |
Lease income (b) | 1,014 |  |  | 1,582 |
Labor and benefits reimbursement (c) | 3,857 |  |  | 3,567 |
(a) | Service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains (DDG) marketing fees, and other commissions.
(b) | Lease income includes the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities as well as certain railcars to the various ethanol LLCs.
(c) | The Company provides all operational labor to the unconsolidated ethanol LLCs.
(in thousands) | March 31, 2019 |  | December 31, 2018 |  | March 31, 2018
Accounts receivable (d) | $ | 20,134 |  |  | $ | 17,829 |  |  | $ | 27,438 |
Accounts payable (e) | 24,644 |  |  | 28,432 |  |  | 33,184 |
(d) | Accounts receivable represents amounts due from related parties for sales of corn, leasing revenue and service fees.
(e) Accounts payable represents amounts due to related parties for purchases of ethanol and other various items.

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