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Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2019
Related Party Transactions [Abstract]  
Company's investment balance in each of its equity method investees by entity
The following table presents the Company’s investment balance in each of its equity method investees by entity:
(in thousands)
September 30, 2019
 
December 31, 2018
 
September 30, 2018
The Andersons Albion Ethanol LLC
$
48,863

 
$
50,382

 
$
49,882

The Andersons Clymers Ethanol LLC
23,752

 
24,242

 
22,589

The Andersons Marathon Ethanol LLC
15,762

 
14,841

 
15,373

Lansing Trade Group, LLC (a)
—

 
101,715

 
99,904

Thompsons Limited (a)
—

 
48,987

 
50,280

Providence Grain Group Inc.
17,195

 
—

 
—

Other
11,776

 
2,159

 
2,322

Total
$
117,348

 
$
242,326

 
$
240,350


(a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the Company purchased the remaining equity of LTG. The transaction resulted 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 September 30,
 
Nine months ended September 30,
(in thousands)
% Ownership at September 30, 2019
 
2019
 
2018
 
2019
 
2018
The Andersons Albion Ethanol LLC
55%
 
$
(1,671
)
 
$
2,408

 
$
(1,292
)
 
$
4,858

The Andersons Clymers Ethanol LLC
39%
 
(1,427
)
 
1,376

 
(152
)
 
3,121

The Andersons Marathon Ethanol LLC
33%
 
(532
)
 
1,029

 
920

 
2,713

Lansing Trade Group, LLC (a)
100% (a)
 
—

 
2,428

 
—

 
8,603

Thompsons Limited (a)
100% (a)
 
—

 
35

 
—

 
1,345

Providence Grain Group Inc.
39%
 
(454
)
 
—

 
(2,297
)
 
—

Other
5% - 51%
 
356

 
(51
)
 
454

 
(39
)
Total
 
 
$
(3,728
)
 
$
7,225

 
$
(2,367
)
 
$
20,601


(a) The Company previously owned approximately 32.5% of LTG. Effective January 1, 2019, the company purchased the remaining equity of LTG. The transaction resulted 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 sets forth the related party transactions entered into for the time periods presented:
 
Three months ended September 30,
 
Nine months ended September 30,
(in thousands)
2019
 
2018
 
2019
 
2018
Sales revenues
$
52,875

 
$
82,394

 
$
171,897

 
$
278,974

Service fee revenues (a)
2,852

 
5,231

 
11,015

 
15,539

Purchases of product and capital assets
174,420

 
177,583

 
520,091

 
556,551

Lease income (b)
1,887

 
1,623

 
5,195

 
4,829

Labor and benefits reimbursement (c)
3,513

 
3,436

 
10,973

 
10,603

 
(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)
September 30, 2019
 
December 31, 2018
 
September 30, 2018
Accounts receivable (d)
$
23,394

 
$
17,829

 
$
32,584

Accounts payable (e)
21,201

 
28,432

 
32,347


(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.