Subsequent Events	6 Months Ended
Jun. 30, 2017
Disclosure Text Block
Subsequent Events	15. Subsequent Events Preferred Stock Dividend Declared On July 13, 2017, the Company’s Board of Directors declared a quarterly dividend per share equal to 8.0% based on the liquidation preference of $50.00 per share on an annualized basis, or $1.00 per share, on the Series A preferred stock, to be paid entirely in shares of Class A common stock (the “August Preferred Dividend”). The price per share of the Class A common stock used to determine the number of shares issued will equal to 95% of the average volume-weighted average price per share for each day during the 5-consecutive day trading period ending immediately prior to the payment date. The August Preferred Dividend will be paid on August 15, 2017 for the period beginning on the last payment date of May 15, 2017 through August 14, 2017 to shareholders of record as of August 1, 2017. Arkoma Divestiture On August 1, 2017, JEH closed the previously announced Arkoma Divestiture for a purchase price of $65.0 million, subject to customary adjustments. Upon closing, the Company’s borrowing base on the Revolver was reduced to $375.0 million. Class B to Class A Share Exchanges On July 7, 2017, certain Class B shareholders exchanged an aggregate of 6,105,148 shares of Class B common stock (together with a corresponding number of JEH Units) for shares of Class A common stock on a one-for-one basis (the “July Exchanges”). As of June 30, 2017 and December 31, 2016, the Company had recorded a TRA liability of $12.4 million and $43.0 million, respectively, for the estimated payments that will be made to Class B shareholders who have exchanged shares of Class B common stock, after adjusting for the TRA liability reduction as a result of the increase in tax basis arising from such exchanges. After the July Exchanges, the gross TRA liability increased by approximately $18.7 million. The increase in TRA liability will be offset entirely as a result of the valuation allowance recorded against the deferred asset generated in the exchange that would lead to payment of such TRA liability.

15. Subsequent Events

Preferred Stock Dividend Declared

On July 13, 2017, the Company’s Board of Directors declared a quarterly dividend per share equal to 8.0% based on the liquidation preference of $50.00 per share on an annualized basis, or $1.00 per share, on the Series A preferred stock, to be paid entirely in shares of Class A common stock (the “August Preferred Dividend”). The price per share of the Class A common stock used to determine the number of shares issued will equal to 95% of the average volume-weighted average price per share for each day during the 5-consecutive day trading period ending immediately prior to the payment date. The August Preferred Dividend will be paid on August 15, 2017 for the period beginning on the last payment date of May 15, 2017 through August 14, 2017 to shareholders of record as of August 1, 2017.

Arkoma Divestiture

On August 1, 2017, JEH closed the previously announced Arkoma Divestiture for a purchase price of $65.0 million, subject to customary adjustments. Upon closing, the Company’s borrowing base on the Revolver was reduced to $375.0 million.

Class B to Class A Share Exchanges

On July 7, 2017, certain Class B shareholders exchanged an aggregate of 6,105,148 shares of Class B common stock (together with a corresponding number of JEH Units) for shares of Class A common stock on a one-for-one basis (the “July Exchanges”). As of June 30, 2017 and December 31, 2016, the Company had recorded a TRA liability of $12.4 million and $43.0 million, respectively, for the estimated payments that will be made to Class B shareholders who have exchanged shares of Class B common stock, after adjusting for the TRA liability reduction as a result of the increase in tax basis arising from such exchanges. After the July Exchanges, the gross TRA liability increased by approximately $18.7 million. The increase in TRA liability will be offset entirely as a result of the valuation allowance recorded against the deferred asset generated in the exchange that would lead to payment of such TRA liability.