Subsequent Events

3 Months Ended

Mar. 31, 2015

Subsequent Events [Abstract]

Subsequent Events

(15) Subsequent Events

Dividend

On April 29, 2015, the board of directors of the Company declared a cash dividend for the first quarter of 2015 to the Company's stockholders of $0.50 per share, or $43.4 million in aggregate. The dividend will be paid on May 18, 2015 to stockholders of record at the close of business on May 11, 2015. IEP will receive $35.6 million in respect of its 82% ownership interest in the Company's shares.

Nitrogen Fertilizer Partnership Distribution

On April 29, 2015, the board of directors of the Nitrogen Fertilizer Partnership's general partner declared a cash distribution for the first quarter of 2015 to the Nitrogen Fertilizer Partnership's unitholders of $0.45 per common unit, or $32.9 million in aggregate. The cash distribution will be paid on May 18, 2015 to unitholders of record at the close of business on May 11, 2015. The Company will receive $17.5 million in respect of its Nitrogen Fertilizer Partnership common units.

Refining Partnership Distribution

On April 29, 2015, the board of directors of the Refining Partnership's general partner declared a cash distribution for the first quarter of 2015 to the Refining Partnership's unitholders of $0.76 per common unit, or $112.2 million in aggregate. The cash distribution will be paid on May 18, 2015 to unitholders of record at the close of business on May 11, 2015. The Company will receive $74.0 million in respect of its Refining Partnership common units.