XML 72 R65.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt Additional Information (Detail) (USD $)
0 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 12 Months Ended 0 Months Ended 3 Months Ended 0 Months Ended
Jul. 28, 2014
Dec. 28, 2012
Dec. 31, 2014
Dec. 31, 2013
Jul. 11, 2014
Nov. 30, 2013
Dec. 31, 2012
Jun. 24, 2013
Sep. 01, 2014
May 30, 2014
Sep. 01, 2014
Sep. 03, 2014
Oct. 10, 2014
Nov. 14, 2013
Outlet
Jul. 31, 2014
Jun. 12, 2013
Mar. 30, 2014
Sep. 25, 2013
Feb. 20, 2015
Debt Disclosure [Line Items]                                      
Proceeds from borrowings   $ 35,000,000us-gaap_ProceedsFromLinesOfCredit $ 363,620,000us-gaap_ProceedsFromLinesOfCredit $ 159,800,000us-gaap_ProceedsFromLinesOfCredit                              
Additional amount borrowed (Advance) 35,000,000us-gaap_ProceedsFromSecuredLinesOfCredit                                    
Net proceeds 32,000,000us-gaap_ProceedsFromDebtNetOfIssuanceCosts                                    
Distribution outlets                           31parr_NumberOfDistributionOutlets          
Percent of annual excess cash flow     0.50parr_DebtInstrumentPercentOfExcessCashFlowAppliedToPrincipal                                
Uncommitted Credit Agreement temporary increase                         85,000,000parr_LineofCreditFacilityMaximumBorrowingCapacityTemporaryIncrease            
Debt Instrument, Covenant, Fixed Charge Coverage Ratio Required     1.50parr_DebtInstrumentCovenantFixedChargeCoverageRatioRequired                                
Secured Debt [Member]                                      
Debt Disclosure [Line Items]                                      
Line credit maximum borrowing amount         50,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
                           
Original issue discount         5.00%parr_DebtInstrumentInterestRateOriginalIssueDiscount
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
                           
Balance outstanding on the revolving credit facility                             15,500,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
       
Texadian Uncommitted Credit Agreement [Member]                                      
Debt Disclosure [Line Items]                                      
Line credit maximum borrowing amount                               50,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= parr_TexadianUncommittedCreditAgreementMember
     
Consolidated leverage ratio minimum                               5.00parr_DebtInstrumentCovenantLeverageRatioRequiredMinimum
/ us-gaap_CreditFacilityAxis
= parr_TexadianUncommittedCreditAgreementMember
     
Letters of credit outstanding     27,600,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_CreditFacilityAxis
= parr_TexadianUncommittedCreditAgreementMember
                               
Line of Credit Facility, Collateral     Loans and letters of credit issued under the Uncommitted Credit Agreement are secured by a security interest in and lien on substantially all of Texadian’s assets, including, but not limited to, cash, accounts receivable, and inventory, a pledge by Texadian of 65% of its ownership interest in Texadian Canada, and a pledge by us of 100% of our ownership interest in Texadian.                                
Delayed Draw Term Loan Agreement [Member]                                      
Debt Disclosure [Line Items]                                      
Proceeds from borrowings             13,000,000us-gaap_ProceedsFromLinesOfCredit
/ us-gaap_LongtermDebtTypeAxis
= parr_SeniorSecuredDelayedDrawTermLoanMember
                       
Additional amount borrowed       17,000,000us-gaap_DebtInstrumentFaceAmount
/ us-gaap_LongtermDebtTypeAxis
= parr_SeniorSecuredDelayedDrawTermLoanMember
                             
Financing costs expensed           6,100,000us-gaap_ExtinguishmentOfDebtAmount
/ us-gaap_LongtermDebtTypeAxis
= parr_SeniorSecuredDelayedDrawTermLoanMember
                         
Delayed Draw Term Loan Agreement [Member] | Tranche B Term Loan [Member]                                      
Debt Disclosure [Line Items]                                      
Proceeds from borrowings               65,000,000us-gaap_ProceedsFromLinesOfCredit
/ us-gaap_CreditFacilityAxis
= parr_TrancheBTermLoanMember
/ us-gaap_LongtermDebtTypeAxis
= parr_SeniorSecuredDelayedDrawTermLoanMember
                     
HIE Retail [Member] | Term Loan [Member] | Retail Credit Agreement [Member]                                      
Debt Disclosure [Line Items]                                      
Line credit maximum borrowing amount                           30,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ parr_AgreementTypeAxis
= parr_RetailCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= parr_TermLoanMember
/ dei_LegalEntityAxis
= parr_HieRetailMember
         
Maximum leverage ratio                                 5.50parr_DebtInstrumentCovenantLeverageRatioRequiredMaximum
/ parr_AgreementTypeAxis
= parr_RetailCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= parr_TermLoanMember
/ dei_LegalEntityAxis
= parr_HieRetailMember
   
Maximum leverage ratio future adjustment     4.75parr_DebtInstrumentCovenantLeverageRatioRequiredAfterYearThreeMaximum
/ parr_AgreementTypeAxis
= parr_RetailCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= parr_TermLoanMember
/ dei_LegalEntityAxis
= parr_HieRetailMember
                               
Fixed charge coverage ratio     1.15:1.00                                
Effective interest rate     2.60%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ parr_AgreementTypeAxis
= parr_RetailCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= parr_TermLoanMember
/ dei_LegalEntityAxis
= parr_HieRetailMember
                               
Consolidated leverage ratio minimum     4.50parr_DebtInstrumentCovenantLeverageRatioRequiredMinimum
/ parr_AgreementTypeAxis
= parr_RetailCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= parr_TermLoanMember
/ dei_LegalEntityAxis
= parr_HieRetailMember
                               
Line of Credit Facility, Interest Rate Description     The Term Loan will bear interest, at HIE Retail’s election, at a rate equal to (i) 30, 90 and 180 day LIBOR plus the Applicable Margin (as specified below) for LIBOR Loans (as defined in the Retail Credit Agreement), or (ii) the primary interest rate established from time to time by the Agent in the ordinary course of its business plus the Applicable Margin                                
Excess Cash Flow Recapture Description     Fifty percent of annual Excess Cash Flow (as defined in the Retail Credit Agreement) will be applied to the outstanding principal balance of the Term Loan beginning with Excess Cash Flow for fiscal year 2014 to the extent the leverage ratio is equal to or greater than 4.50:1.00.                                
HIE Retail [Member] | Revolving Credit Facility [Member] | Retail Credit Agreement [Member]                                      
Debt Disclosure [Line Items]                                      
Line credit maximum borrowing amount                           5,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ parr_AgreementTypeAxis
= parr_RetailCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ dei_LegalEntityAxis
= parr_HieRetailMember
         
Commitment fee percentage     2.00%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ parr_AgreementTypeAxis
= parr_RetailCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ dei_LegalEntityAxis
= parr_HieRetailMember
                               
Line of Credit Facility, Interest Rate Description     Advances under the Revolver will bear interest, at HIE Retail’s election, at a rate equal to (a) 30, 90 and 180 day LIBOR plus the Revolver Applicable Margin (as defined below) for LIBOR Loans, or (ii) the primary interest rate established from time to time by the Agent in the ordinary course of its business plus the Revolver Applicable Margin                                
Texadian Canada [Member] | Texadian Uncommitted Credit Agreement [Member]                                      
Debt Disclosure [Line Items]                                      
Ownership interested pledged as collaterall                               0.65parr_OwnershipInterestedUsedAsCollateral
/ us-gaap_CreditFacilityAxis
= parr_TexadianUncommittedCreditAgreementMember
/ dei_LegalEntityAxis
= parr_TexadianCanadaMember
     
Texadian [Member] | Texadian Uncommitted Credit Agreement [Member]                                      
Debt Disclosure [Line Items]                                      
Ownership interested pledged as collaterall                               1parr_OwnershipInterestedUsedAsCollateral
/ us-gaap_CreditFacilityAxis
= parr_TexadianUncommittedCreditAgreementMember
/ dei_LegalEntityAxis
= parr_TexadianMember
     
Minimum [Member] | Secured Debt [Member]                                      
Debt Disclosure [Line Items]                                      
Interest rate under credit facility         10.00%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
                           
Maximum [Member] | Secured Debt [Member]                                      
Debt Disclosure [Line Items]                                      
Interest rate under credit facility         12.00%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
                           
Tranche B Term Loan [Member]                                      
Debt Disclosure [Line Items]                                      
Line of Credit Facility, Increase (Decrease), Net                   13,200,000us-gaap_LineOfCreditFacilityIncreaseDecreaseForPeriodNet
/ us-gaap_DebtInstrumentAxis
= parr_TrancheBTermLoanMember
                 
Interest rate under credit facility                 14.75%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_DebtInstrumentAxis
= parr_TrancheBTermLoanMember
  12.00%us-gaap_LineOfCreditFacilityInterestRateDuringPeriod
/ us-gaap_DebtInstrumentAxis
= parr_TrancheBTermLoanMember
               
Nonrefundable amendment fee                   506,000us-gaap_LoanProcessingFee
/ us-gaap_DebtInstrumentAxis
= parr_TrancheBTermLoanMember
                 
Original issue discount                   630,000us-gaap_DebtInstrumentUnamortizedDiscount
/ us-gaap_DebtInstrumentAxis
= parr_TrancheBTermLoanMember
                 
Accrued exit fee                   97,000parr_DebtInstrumentEarlyTerminationFeeWaived
/ us-gaap_DebtInstrumentAxis
= parr_TrancheBTermLoanMember
                 
ABL Revolving Credit Facility [Member]                                      
Debt Disclosure [Line Items]                                      
Line credit maximum borrowing amount                                   125,000,000.0us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
 
Balance outstanding on the revolving credit facility                                   15,000,000us-gaap_LineOfCreditFacilityAmountOutstanding
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
 
Senior secured revolving credit facility used for letters of credit issuance                                   50,000,000us-gaap_LineOfCreditFacilityCapacityAvailableForSpecificPurposeOtherThanForTradePurchases
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
 
Total capacity at period end     79,500,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
                               
Borrowing base usage less than or equal     50.00%parr_LineofCreditFacilityRemainingBorrowingCapacityThresholdforCommitmentFeePercentofAggregateCapacity
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
                               
Letters of credit outstanding     2,400,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
                               
Debt Instrument, Interest Rate Terms     Outstanding balances on the ABL Facility bear interest at the base rate specified below (“Base Rate”) plus a margin (based on a sliding scale of 1.00% to 1.50% depending on the borrowing base usage) or the adjusted LIBO rate specified below (“LIBO Rate”) plus a margin (based on a sliding scale of 2.00% to 2.50% depending on the borrowing base usage). The margin was 1.25% for Base Rate loans and 2.25% for LIBO Rate loans during 2013. The Base Rate is equal to the highest of (i) the prime lending rate of the ABL Agent, (ii) the Federal Funds Rate plus 0.5% per annum, and (iii) the LIBO Rate for a LIBO Rate loan denominated in dollars with a one-month interest period commencing on such day plus 1.00%.                                
Debt Instrument, Fee     The ABL Borrowers agreed to pay commitment fees for the ABL Facility equal to 0.375% if the borrowing base usage is greater than 50% and 0.500% if the borrowing base usage is less than or equal to 50%. Outstanding letters of credit will be charged a participation fee at a per annum rate equal to the margin applicable to LIBO Rate loans, a facing fee and customary administrative fees.                                
Debt Instrument, Covenant Description     The ABL Facility requires HIE and its subsidiaries and Hawaii Pacific Energy to comply with various affirmative and negative covenants affecting its business and operations, including compliance by HIE in certain circumstances with a minimum ratio of consolidated earnings before interest, taxes, depreciation and amortization (“EBITDA”), as adjusted, to total fixed charges of 1.0 to 1.0.                                
ABL Revolving Credit Facility [Member] | Revolving Credit Facility [Member]                                      
Debt Disclosure [Line Items]                                      
Effective weighted-average interest rate     2.95%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
                               
ABL Revolving Credit Facility [Member] | Minimum [Member]                                      
Debt Disclosure [Line Items]                                      
Commitment fee percentage     0.375%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
                               
ABL Revolving Credit Facility [Member] | Maximum [Member]                                      
Debt Disclosure [Line Items]                                      
Commitment fee percentage     0.50%us-gaap_LineOfCreditFacilityCommitmentFeePercentage
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
                               
London Interbank Offered Rate (LIBOR) [Member] | ABL Revolving Credit Facility [Member] | Revolving Credit Facility [Member]                                      
Debt Disclosure [Line Items]                                      
ABL Facility interest rate     1.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
                             
London Interbank Offered Rate (LIBOR) [Member] | ABL Revolving Credit Facility [Member] | Minimum [Member]                                      
Debt Disclosure [Line Items]                                      
ABL Facility interest rate     2.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
                               
London Interbank Offered Rate (LIBOR) [Member] | ABL Revolving Credit Facility [Member] | Maximum [Member]                                      
Debt Disclosure [Line Items]                                      
ABL Facility interest rate     2.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
                               
London Interbank Offered Rate (LIBOR) [Member] | Federal Funds Rate [Member]                                      
Debt Disclosure [Line Items]                                      
ABL Facility interest rate     0.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= parr_FederalFundsRateMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
                               
Base Rate [Member] | ABL Revolving Credit Facility [Member]                                      
Debt Disclosure [Line Items]                                      
ABL Facility interest rate       1.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
                             
Base Rate [Member] | ABL Revolving Credit Facility [Member] | Minimum [Member] | Revolving Credit Facility [Member]                                      
Debt Disclosure [Line Items]                                      
ABL Facility interest rate     1.00%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
                               
Base Rate [Member] | ABL Revolving Credit Facility [Member] | Maximum [Member] | Revolving Credit Facility [Member]                                      
Debt Disclosure [Line Items]                                      
ABL Facility interest rate     1.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_DebtInstrumentAxis
= parr_ABLRevolvingCreditFacilityMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_BaseRateMember
                               
Subsequent Event [Member] | Letter of Credit [Member] | Texadian Uncommitted Credit Agreement [Member]                                      
Debt Disclosure [Line Items]                                      
Line credit maximum borrowing amount                                     200,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ parr_AgreementTypeAxis
= parr_TexadianUncommittedCreditAgreementMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LetterOfCreditMember
/ us-gaap_SubsequentEventTypeAxis
= us-gaap_SubsequentEventMember
Bridge Loan [Member] | Secured Debt [Member]                                      
Debt Disclosure [Line Items]                                      
Line credit maximum borrowing amount         75,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_BridgeLoanMember
                           
Financing costs expensed                       $ 1,800,000us-gaap_WriteOffOfDeferredDebtIssuanceCost
/ us-gaap_CreditFacilityAxis
= us-gaap_SecuredDebtMember
/ us-gaap_ShortTermDebtTypeAxis
= us-gaap_BridgeLoanMember