Equity

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Equity

Equity

Changes to equity during the three months ended March 31, 2014 are presented below:

	HollyFrontier Stockholders’ Equity			Noncontrolling Interest			Total Equity
	(In thousands)
Balance at December 31, 2013	$	5,999,620		$	609,778		$	6,609,398
Net income	152,061			11,901			163,962
Dividends	(159,670		)	—			(159,670		)
Distributions to noncontrolling interest holders	—			(18,881		)	(18,881		)
Other comprehensive income, net of tax	53,242			58			53,300
Equity-based compensation	5,366			820			6,186
Excess tax benefit attributable to equity-based compensation	5,156			—			5,156
Purchase of treasury stock (1)	(10,689		)	—			(10,689		)
Purchase of HEP units for restricted grants	—			(336		)	(336		)
Other	—			75			75
Balance at March 31, 2014	$	6,045,086		$	603,415		$	6,648,501

(1) Includes 90,393 shares withheld under the terms of stock-based compensation agreements to provide funds for the payment of payroll and income taxes due at the vesting of share-based awards.

We have a Board approved repurchase program that authorizes us to repurchase common stock in the open market or through privately negotiated transactions. The timing and amount of stock repurchases will depend on market conditions, corporate, regulatory and other relevant considerations. This program may be discontinued at any time by the Board of Directors. As of March 31, 2014, we had remaining authorization to repurchase up to $311.6 million under this stock repurchase program.