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Subsequent Events
9 Months Ended
Sep. 30, 2014
Subsequent Events [Abstract]  
Subsequent Events
(16) Subsequent Events

Dividend

On October 29, 2014, the board of directors of the Company declared a cash dividend for the third quarter of 2014 to the Company’s stockholders of $0.75 per share, or $65.1 million in aggregate. The dividend will be paid on November 17, 2014 to stockholders of record at the close of business on November 10, 2014. IEP will receive $53.4 million in respect of its 82% ownership interest in the Company’s shares.

Nitrogen Fertilizer Partnership Distribution

On October 29, 2014, the board of directors of the Nitrogen Fertilizer Partnership’s general partner declared a cash distribution for the third quarter of 2014 to the Nitrogen Fertilizer Partnership’s unitholders of $0.27 per common unit, or $19.7 million in aggregate. The cash distribution will be paid on November 17, 2014 to unitholders of record at the close of business on November 10, 2014. The Company will receive $10.5 million in respect of its Nitrogen Fertilizer Partnership common units.

Refining Partnership Distribution

On October 29, 2014, the board of directors of the Refining Partnership’s general partner declared a cash distribution for the third quarter of 2014 to the Refining Partnership’s unitholders of $0.54 per common unit, or $79.7 million in aggregate. The cash distribution will be paid on November 17, 2014 to unitholders of record at the close of business on November 10, 2014. The Company will receive $52.5 million in respect of its Refining Partnership common units.