Equity

3 Months Ended

Mar. 31, 2016

Stockholders' Equity Note [Abstract]

Equity

Equity

Changes to equity during the three months ended March 31, 2016 are presented below:

	HollyFrontier Stockholders’ Equity			Noncontrolling Interest			Total Equity
	(In thousands)
Balance at December 31, 2015	$	5,253,415		$	556,358		$	5,809,773
Net income	21,253			22,137			43,390
Dividends	(58,402		)	—			(58,402		)
Distributions to noncontrolling interest holders	—			(21,731		)	(21,731		)
Other comprehensive loss, net of tax	(411		)	(275		)	(686		)
Equity-based compensation	2,575			651			3,226
Tax attributable to equity-based compensation	(2,225		)	—			(2,225		)
Purchase of treasury stock	(129,381		)	—			(129,381		)
Purchase of HEP units for restricted grants	—			(784		)	(784		)
Other	—			18			18
Balance at March 31, 2016	$	5,086,824		$	556,374		$	5,643,198

In May 2015, our Board of Directors approved a $1 billion share repurchase program, which replaced all existing share repurchase programs, authorizing us to repurchase common stock in the open market or through privately negotiated transactions. The timing and amount of stock repurchases will depend on market conditions and corporate, regulatory and other relevant considerations. This program may be discontinued at any time by the Board of Directors. As of March 31, 2016, we had remaining authorization to repurchase up to $178.8 million under this stock repurchase program. In addition, we are authorized by our Board of Directors to repurchase shares in an amount sufficient to offset shares issued under our compensation programs.