| Earnings per share |
| | | | | | | | | | | | | | | | | | | | | | | | | (in thousands, except per common share data) | Three months ended September 30, | | Nine months ended September 30, | | 2022 | | 2021 | | 2022 | | 2021 | | Numerator: | | | | | | | | | Net income from continuing operations | $ | 24,880 | | | $ | 12,290 | | | $ | 133,784 | | | $ | 66,069 | | Net income (loss) attributable to noncontrolling interests(a) | 7,524 | | | (1,602) | | | 29,827 | | | (822) | | | Net income attributable to The Andersons Inc. common shareholders from continuing operations | $ | 17,356 | | | $ | 13,892 | | | $ | 103,957 | | | $ | 66,891 | | | | | | | | | | | Income from discontinued operations, net of income taxes | $ | 19,392 | | | $ | 1,846 | | | $ | 18,099 | | | $ | 7,453 | | | | | | | | | | | Denominator: | | | | | | | | | Weighted average shares outstanding – basic | 33,825 | | | 33,284 | | | 33,805 | | | 33,246 | | | Effect of dilutive awards | 582 | | | 350 | | | 664 | | | 424 | | | Weighted average shares outstanding – diluted | 34,407 | | | 33,634 | | | 34,469 | | | 33,670 | | | | | | | | | | | Earnings per share attributable to The Andersons, Inc. common shareholders: | | | | | | | | | Basic earnings: | | | | | | | | | Continuing operations | $ | 0.51 | | | $ | 0.42 | | | $ | 3.08 | | | $ | 2.01 | | | Discontinued operations | 0.57 | | | 0.06 | | | 0.54 | | | 0.22 | | | $ | 1.08 | | | $ | 0.48 | | | $ | 3.62 | | | $ | 2.23 | | | Diluted earnings: | | | | | | | | | Continuing operations | $ | 0.50 | | | $ | 0.41 | | | $ | 3.02 | | | $ | 1.99 | | | Discontinued operations | 0.56 | | | 0.05 | | | 0.53 | | | 0.22 | | | $ | 1.06 | | | $ | 0.46 | | | $ | 3.55 | | | $ | 2.21 | |
(a) All net income (loss) attributable to noncontrolling interests is within continuing operations of the Company.
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