STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of stock-based compensation expense

Stock-based compensation expense included in general and administrative expenses consisted of the following:

	Years Ended December 31,
	2016		2015		2014
PBF LLC Series A Unit compensatory warrants and options	$	—	$	—	$	522
PBF Energy options	11,020		7,528		4,343
PBF Energy restricted shares	7,276		1,690		1,230
	$	18,296	$	9,218	$	6,095

Summary of Share-based compensation activity

	Number of PBF Energy Class A Common Stock Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Stock-based awards, outstanding at January 1, 2014	1,320,000		$	26.97	9.33
Granted	1,135,000		24.78		10.00
Exercised	—		—		—
Forfeited	(53,125	)	25.44		—
Outstanding at December 31, 2014	2,401,875		$	25.97	8.67
Granted	1,899,500		30.28		10.00
Exercised	(30,000	)	25.79		—
Forfeited	(15,000	)	26.38		—
Outstanding at December 31, 2015	4,256,375		$	27.89	8.32
Granted	1,792,000		$	26.18	10.00
Exercised	(11,250	)	25.86		—
Forfeited	(66,500	)	28.74		—
Outstanding at December 31, 2016	5,970,625		$	27.37	8.02
Exercisable and vested at December 31, 2016	2,271,375		$	27.23	7.21
Exercisable and vested at December 31, 2015	1,136,250		$	26.22	7.61
Exercisable and vested at December 31, 2014	485,000		$	26.66	8.21
Expected to vest at December 31, 2016	5,970,625		$	27.37	8.02

The following table summarizes activity for PBF LLC Series A compensatory warrants and options for the years ended December 31, 2016, 2015 and 2014:

	Number of PBF LLC Series A Compensatory Warrants and Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Stock Based Compensation, Outstanding at January 1, 2014	841,079		$	10.52	7.40
Exercised	(32,934	)	10.00		—
Forfeited	(6,666	)	11.59		—
Outstanding at December 31, 2014	801,479		$	10.53	6.41
Exercised	(160,700	)	10.28		—
Outstanding at December 31, 2015	640,779		$	10.59	5.46
Exercised	(27,833	)	10.00		—
Outstanding at December 31, 2016	612,946		$	10.62	4.47
Exercisable and vested at December 31, 2016	612,946		$	10.62	4.47
Exercisable and vested at December 31, 2015	640,779		$	10.59	5.46
Exercisable and vested at December 31, 2014	753,985		$	10.41	6.34
Expected to vest at December 31, 2016	612,946		$	10.62	4.47

Weighted average assumptions

The estimated fair value of PBF Energy options granted during the years ended December 31, 2016, 2015 and 2014 was determined using the Black-Scholes pricing model with the following weighted average assumptions:

	December 31, 2016			December 31, 2015			December 31, 2014
Expected life (in years)	6.25			6.25			6.25
Expected volatility	39.7		%	38.4		%	52.0		%
Dividend yield	4.73		%	3.96		%	4.82		%
Risk-free rate of return	1.42		%	1.58		%	1.80		%
Exercise price	$	26.18		$	30.28		$	24.78