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Related Party Transactions | 12 Months Ended
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Dec. 31, 2021
Related Party Transactions [Abstract] |
Related Party Transactions | Related Party Transactions Equity Method Investments The Company, directly or indirectly, holds investments in companies that are accounted for under the equity method. The Company’s equity in these entities is generally presented at cost plus its accumulated proportional share of income or loss, less any distributions it has received, or other-than-temporary impairments recognized. The amount of equity method investments has decreased substantially as two acquisitions in 2019 resulted in the consolidation of the former equity method investments. In January 2019, the Company purchased the remaining equity of Lansing Trade Group and Thompsons Limited and in October 2019, the Company merged its existing equity method ethanol investments to create the consolidated entity of TAMH. The following table presents aggregate summarized financial information of the Company's equity method investments as they qualified as significant equity method investees in the aggregate for the year ended December 31, 2019. No individual equity investments qualified as significant for the years presented.
| Year Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Sales | $ | 2,021,128 |  |  | $ | 1,625,686 |  |  | $ | 1,930,289 |
Gross profit | 31,185 |  |  | 32,467 |  |  | 39,253 |
Income from continuing operations | 8,334 |  |  | 3,315 |  |  | 1,895 |
Net income | 7,327 |  |  | 2,777 |  |  | 940 |
Current assets | 374,856 |  |  | 370,190 |  |  | 255,052 |
Non-current assets | 79,564 |  |  | 89,456 |  |  | 80,823 |
Current liabilities | 286,530 |  |  | 296,074 |  |  | 196,163 |
Non-current liabilities | 32,877 |  |  | 40,077 |  |  | 31,509 |
The following table presents the Company’s investment balance in each of its equity method investees by entity:
| December 31,
(in thousands) | 2021 |  | 2020
Providence Grain Group Inc. (a) | $ | 17,037 |  |  | $ | 12,467 |
Quadra Commodities S.A. | 7,959 |  |  | 7,013 |
Other | 7,094 |  |  | 6,981 |
Total | $ | 32,090 |  |  | $ | 26,461 |
(a) At December 31, 2021, the aggregate unamortized basis difference of the Company's investment in Providence Grain Group Inc. of $5.0 million is primarily attributable to the difference between the amount for which the Company recorded other-than-temporary impairment charges and the historical carrying value of the net assets of the entity. This difference is being amortized over the remaining useful life of the related assets and included in the reported amount of income from unconsolidated entities. The following table summarizes income (losses) from the Company’s equity method investments by entity:
| % Ownership at December 31, 2021 |  | Year Ended December 31,
(in thousands) |  | 2021 |  | 2020 |  | 2019
Providence Grain Group Inc. (a) | 37.8% |  | $ | 4,532 |  |  | $ | (233) |  |  | $ | (7,411) |
Quadra Commodities S.A. (a) | 17.7% |  | 946 |  |  | 1,439 |  |  | 910 |
The Andersons Albion Ethanol LLC (b) | N/A |  | — |  |  | — |  |  | (1,292) |
The Andersons Clymers Ethanol LLC (b) | N/A |  | — |  |  | — |  |  | (151) |
The Andersons Marathon Ethanol LLC (b) | N/A |  | — |  |  | — |  |  | 920 |
Other | 5% - 52% |  | (636) |  |  | (568) |  |  | (335) |
Total |  |  | $ | 4,842 |  |  | $ | 638 |  |  | $ | (7,359) |
(a) The Company acquired the equity method investments in Providence Grain Group Inc. and Quadra Commodities S.A. through the consolidation of Lansing Trade Group in 2019. (b) The Company previously owned approximately 55%, 39%, 33% in The Andersons Albion LLC, The Andersons Clymers Ethanol LLC and The Andersons Marathon Ethanol LLC, respectively. Effective October 1, 2019, the Company contributed its interests in these three entities into TAMH. The transaction resulted in the consolidation of these entities into the Company's Consolidated Financial Statements. Total distributions received from unconsolidated affiliates were de minimis for the year ended December 31, 2021. Related Party Transactions In the ordinary course of business and on an arms-length basis, the Company will enter into related party transactions with certain of the investments described above, along with other related parties. The following table sets forth the related party transactions entered into for the time periods presented:
| Year Ended December 31,
(in thousands) | 2021 |  | 2020 |  | 2019
Sales revenues | $ | 342,816 |  |  | $ | 176,768 |  |  | $ | 246,540 |
Service fee revenues (a) | — |  |  | — |  |  | 12,181 |
Purchases of product (b) | 44,182 |  |  | 52,665 |  |  | 569,619 |
Lease income (c) | 149 |  |  | 583 |  |  | 3,516 |
Labor and benefits reimbursement (d) | — |  |  | — |  |  | 10,973 |
(a)Prior period service fee revenues include management fees, corn origination fees, ethanol and distillers dried grains ("DDG") marketing fees, and other commissions. All activity subsequent to the TAMH merger on October 1, 2019 has been eliminated in consolidation. (b)Prior period purchases of product include ethanol and co-products purchased from the unconsolidated ethanol LLCs. All activity subsequent to the TAMH merger on October 1, 2019 has been eliminated in consolidation. (c)Prior period lease income includes certain railcars leased to related parties and the lease of the Company’s Albion, Michigan and Clymers, Indiana grain facilities. All activity subsequent to the TAMH merger on October 1, 2019 has been eliminated in consolidation. (d)Prior period labor and benefits reimbursement includes all operations labor to the unconsolidated ethanol equity investments. All activity subsequent to the TAMH merger on October 1, 2019 has been eliminated in consolidation.
| December 31,
(in thousands) | 2021 |  | 2020
Accounts receivable (e) | $ | 9,984 |  |  | $ | 5,623 |
Accounts payable (f) | 6,034 |  |  | 5,251 |
(e)Accounts receivable represents amounts due from related parties for sales of ethanol and other various items. (f)Accounts payable represents amounts due to related parties for purchases of equipment, denaturant and other various items.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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