Related Party Transactions (Notes)

12 Months Ended

Dec. 31, 2015

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Transactions with Alon USA

For the period from May 14, 2015 through December 31, 2015, our refining and logistics segments sold $15.2 million of refined products to and purchased $0.3 million of refined products from Alon USA. As of December 31, 2015, we carried a $0.5 million receivable balance from Alon USA, which is reflected in accounts receivable from related party on our consolidated balance sheet. Alon USA was not a related party prior to the Alon Acquisition on May 14, 2015.

Delek Group, Ltd.

From the time of our initial public offering in May 2006 through March 20, 2013, Delek Group, Ltd. ("Delek Group") controlled more than 50% of our voting power. As a result, Delek Group and its controlling stockholder Mr. Itshak Sharon (Tshuva), could, without the consent of our other stockholders, control the election of our directors, influence our corporate and management policies and determine the outcome of any matter or corporate transaction submitted to our stockholders for approval, including potential mergers or acquisitions, asset sales and other significant corporate transactions. On March 20, 2013 (the "2013 Offering") and May 20, 2014, Delek Group completed the sale of 9,000,000 and 10,580,000 shares of our outstanding common stock, respectively, in separate secondary offerings. Concurrently with the 2013 Offering, we repurchased 1,000,000 shares of our outstanding common stock from Delek Group in a privately negotiated transaction. Additionally, from 2012 through 2014, Delek Group engaged in several block trade sales of our common stock, further reducing their holdings of our outstanding common stock. As of December 31, 2015, no representative of Delek Group served on our Board of Directors, but, based on information filed in a Schedule 13G/A with the SEC on February 17, 2015, Delek Group beneficially owned approximately 5.2% of our outstanding shares of common stock on that date.