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Subsequent Events | 3 Months Ended
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Mar. 31, 2018
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Koch Agreement and Consent On May 8, 2018, the Company entered into a written consent with the Koch Investor, whereby the Company agreed to redeem all of the outstanding Koch Preferred Securities on July 2, 2018. The Company intends to redeem the original stated value of $750 million of the Koch Preferred Securities using the funds deposited in the Segregated Account in connection with the IPO. The Company expects that additional distributions necessary to redeem the Koch Preferred Securities in full, including the payment of the related redemption premium, accumulated dividends, and pro forma tax reimbursements, will be funded with cash on hand immediately prior to the redemption. Additionally, while the certificate of designation of the Koch Preferred Securities restricts the Company from paying dividends on its common stock, the Koch Investor has consented to a one-time distribution in an aggregate amount not to exceed $27 million, which the Company used to declare a common stock dividend on its common stock on May 9, 2018. Common Stock Dividend On May 9, 2018, the Company’s board of directors declared a cash dividend of $0.035 per share to common stockholders of record as of June 25, 2018. This dividend will be paid on July 10, 2018.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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