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v3.4.0.3

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Income Statement [Abstract] |  |
Revenues | $ 2,800,185 | $ 2,995,136
Cost and expenses: |  |
Cost of sales, excluding depreciation | 2,412,095 | 2,502,215
Operating expenses, excluding depreciation | 299,999 | 237,118
General and administrative expenses | 37,582 | 36,046
Gain on sale of assets | 0 | (359)
Depreciation and amortization expense | 55,933 | 47,706
Total cost and expenses | 2,805,609 | 2,822,726
(Loss) income from operations | (5,424) | 172,410
Other income (expenses): |  |
Change in fair value of catalyst leases | (2,885) | 2,039
Interest expense, net | (37,527) | (22,192)
(Loss) income before income taxes | (45,836) | 152,257
Income tax (benefit) expense | (22,500) | 49,138
Net (loss) income | (23,336) | 103,119
Less: net income attributable to noncontrolling interests | 6,052 | 15,798
Net (loss) income attributable to PBF Energy Inc. | $ (29,388) | $ 87,321
Weighted-average shares of Class A common stock outstanding |  |
Basic (in shares) | 97,809,384 | 84,278,071
Diluted (in shares) | 97,809,384 | 91,669,101
Earnings Per Share [Abstract] |  |
Basic (in dollars per share) | $ (0.30) | $ 1.04
Diluted (in dollars per share) | (0.30) | 1.00
Dividends per common share (in dollars per share) | $ 0.30 | $ 0.30

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- Definition Total change in the fair value of the Company’s catalyst lease obligations for which the Company has elected the fair value option for accounting purposes. The Company sold certain of its catalyst precious metals to large financial institutions and then leased them back. The catalyst is required to be repurchased by the Company at market value at lease termination. + References No definition available. + Details
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