v2.4.0.8

NONCONTROLLING INTEREST OF PBF ENERGY (Tables) | 9 Months Ended
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Sep. 30, 2013
Noncontrolling Interest [Abstract] |
The ownership percentage in PBF LLC | The noncontrolling interest ownership percentage as of September 30, 2013, June 12, 2013 (the completion date of the Secondary Offering) and December 31, 2012 is calculated as follows:
| Holders of PBF LLC Series A Units |  | Outstanding Shares of PBF Energy Class A Common Stock |  | Total *
December 31, 2012 | 72,972,131 |  |  | 23,571,221 |  |  | 96,543,352 |
| 75.6 | % |  | 24.4 | % |  | 100 | %
June 12, 2013 | 57,027,225 |  |  | 39,563,835 |  |  | 96,591,060 |
| 59.0 | % |  | 41.0 | % |  | 100 | %
September 30, 2013 | 57,237,488 |  |  | 39,581,613 |  |  | 96,819,101 |
| 59.1 | % |  | 40.9 | % |  | 100 | %
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* | Assumes all of the holders of PBF LLC Series A Units exchange their PBF LLC Series A Units for shares of PBF Energy’s Class A common stock on a one-for-one basis.
Summary of the allocation of equity between the controlling and noncontrolling interests of PBF Energy | The following table summarizes the changes in equity for the controlling and noncontrolling interests of PBF Energy for the nine months ended September 30, 2013:
| PBF Energy Inc. Equity |  | Noncontrolling Interest |  | Total Equity
Balance at January 1, 2013 | $ | 419,754 |  |  | $ | 1,303,791 |  |  | $ | 1,723,545 |
Net income | 8,384 |  |  | 103,604 |  |  | 111,988 |
Dividend and distributions | (26,042 | ) |  | (140,457 | ) |  | (166,499 | )
Record deferred tax asset and liabilities and tax receivable agreement associated with Secondary Offering | (23,654 | ) |  | — |  |  | (23,654 | )
Record allocation of non controlling interest upon completion of Secondary Offering | 260,243 |  |  | (260,243 | ) |  | — |
Stock-based compensation | 1,636 |  |  | 1,114 |  |  | 2,750 |
Exercise of PBF LLC options and warrants, net | — |  |  | 375 |  |  | 375 |
Other comprehensive income | 167 |  |  | 164 |  |  | 331 |
Exchange of PBF LLC Series A Units for Class A common stock | 16 |  |  | (16 | ) |  | — |
Balance at September 30, 2013 | $ | 640,504 |  |  | $ | 1,008,332 |  |  | $ | 1,648,836 |

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- Definition The tabular disclosure of the effects of any changes in a parent's ownership interest in a subsidiary on the equity attributable to the parent if the ownership interests in a subsidiary changes during the period. The changes represented by this element did not result in the deconsolidation of the subsidiary. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 55 -Paragraph 4M -URI http://asc.fasb.org/extlink&oid=18733213&loc=SL4591554-111686 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph A7 -Appendix A Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 38 -Subparagraph d -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). 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