Subsequent Events	9 Months Ended
Sep. 30, 2017
Disclosure Text Block
Subsequent Events	16. Subsequent Events Class B to Class A Share Exchanges On October 2, 2017, certain Class B shareholders, including Metalmark, exchanged an aggregate of 12,689,815 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 “October Exchanges”). As of September 30, 2017 and December 31, 2016, the Company had recorded a TRA liability of $55.8 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 October Exchanges, the gross TRA liability increased by approximately $50.3 million. Substantially all of the increase in TRA liability will be offset as a result of the valuation allowance recorded against the deferred tax asset generated in the exchange, the utilization of which would lead to payment of the TRA liability. Preferred Stock Dividend Declared On October 9, 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 “November Preferred Dividend”). The price per share of the Class A common stock used to determine the number of shares issued will equal 95% of the average volume-weighted average price per share for each day during the five-consecutive day trading period ending immediately prior to the payment date. The November Preferred Dividend will be paid on November 15, 2017 for the period beginning on the last payment date of August 15, 2017 through November 14, 2017 to shareholders of record as of November 1, 2017.

16. Subsequent Events

Class B to Class A Share Exchanges

On October 2, 2017, certain Class B shareholders, including Metalmark, exchanged an aggregate of 12,689,815 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 “October Exchanges”). As of September 30, 2017 and December 31, 2016, the Company had recorded a TRA liability of $55.8 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 October Exchanges, the gross TRA liability increased by approximately $50.3 million. Substantially all of the increase in TRA liability will be offset as a result of the valuation allowance recorded against the deferred tax asset generated in the exchange, the utilization of which would lead to payment of the TRA liability.

Preferred Stock Dividend Declared

On October 9, 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 “November Preferred Dividend”). The price per share of the Class A common stock used to determine the number of shares issued will equal 95% of the average volume-weighted average price per share for each day during the five-consecutive day trading period ending immediately prior to the payment date. The November Preferred Dividend will be paid on November 15, 2017 for the period beginning on the last payment date of August 15, 2017 through November 14, 2017 to shareholders of record as of November 1, 2017.