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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2017
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,
 
 
2017
 
2016
 
2015
PBF Energy options
 
$
9,369

 
$
11,020

 
$
7,528

PBF Energy restricted shares
 
12,134

 
7,276

 
1,690

 
 
$
21,503

 
$
18,296

 
$
9,218
Summary of Share-based compensation activity
The following table summarizes activity for PBF LLC Series A compensatory warrants and options for the years ended December 31, 2017, 2016 and 2015:
 
 
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, 2015
 
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

Exercised
 
(126,634
)
 
10.17

 
—

Outstanding at December 31, 2017
 
486,312

 
$
10.73

 
3.52

 
 
 
 
 
 
 
Exercisable and vested at December 31, 2017
 
486,312

 
$
10.73

 
3.52

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

Expected to vest at December 31, 2017
 
486,312

 
$
10.73

 
3.52

 
 
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, 2015
 
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

Granted
 
1,638,075

 
26.52

 
10.00

Exercised
 
(462,500
)
 
25.65

 
—

Forfeited
 
(263,425
)
 
27.71

 
—

Outstanding at December 31, 2017
 
6,882,775

 
$
27.27

 
7.82

Exercisable and vested at December 31, 2017
 
2,958,875

 
$
27.58

 
6.77

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

Expected to vest at December 31, 2017
 
6,882,775

 
$
27.27

 
7.82
Weighted average assumptions
The estimated fair value of PBF Energy options granted during the years ended December 31, 2017, 2016 and 2015 was determined using the Black-Scholes pricing model with the following weighted average assumptions:
 
 
December 31, 2017
 
December 31, 2016
 
December 31, 2015
Expected life (in years)
 
6.25

 
6.25

 
6.25

Expected volatility
 
39.5
%
 
39.7
%
 
38.4
%
Dividend yield
 
4.58
%
 
4.73
%
 
3.96
%
Risk-free rate of return
 
2.09
%
 
1.42
%
 
1.58
%
Exercise price
 
$
26.52

 
$
26.18

 
$
30.28