Subsequent Events

9 Months Ended

Sep. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

15. Subsequent Events

On October 1, 2021, the Company amended its existing accounts receivable securitization program with Wells Fargo Bank, National Association (Wells Fargo) to (a) decrease the facility limit amount from $65 million to $30 million with an option for the Company to make a one-time request for an increase in the facility limit by an amount not to exceed $35 million (with such increase being made at the discretion of Wells Fargo), (b) extend the termination date of the program from October 1, 2021 to October 1, 2022, and (c) add mechanics relating to the transition from the use of London Interbank Offered Rate to Secured Overnight Financing Rate or such other replacement benchmark rate upon the occurrence of certain transition events or elections made by the parties, in each case pursuant to the terms of the amendment.

On October 14, 2021, the Company announced its quarterly dividend of $0.41 per share would be payable on December 1, 2021.