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Subsequent Events
9 Months Ended
Sep. 26, 2021
Subsequent Events  
Subsequent Events

13. Subsequent Events

On September 30, 2021, the Company acquired Sentinel Hydrosolutions, LLC (“Sentinel”) in an all-cash merger transaction. Sentinel is based in Escondido, California, and specializes in the design, marketing and assembly of leak detection products, primarily sold into high-end residential settings.  The acquisition of Sentinel expands the Company’s product offering in the leak detection market. The acquisition of Sentinel was deemed not to be material.

On November 1, 2021, the Company declared a quarterly dividend of twenty-six cents ($0.26) per share on each outstanding share of Class A common stock and Class B common stock payable on December 15, 2021 to stockholders of record on December 1, 2021.