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Subsequent Events
9 Months Ended
Sep. 24, 2023
Subsequent Events  
Subsequent Events

13. Subsequent Events

On October 30, 2023, the Company declared a quarterly dividend of thirty-six cents ($0.36) per share on each outstanding share of Class A common stock and Class B common stock payable on December 15, 2023 to stockholders of record on December 1, 2023.

Business Acquisition

On October 23, 2023, the Company completed the acquisition of Bradley Corporation (“Bradley”) in a share purchase transaction. The aggregate purchase price, including an estimated working capital adjustment, was approximately $303 million and is subject to a final post-closing working capital adjustment. The Company funded the transaction with $210 million of borrowings under the Credit Agreement with the remainder being funded by cash on hand. The purchase price allocation for Bradley has not yet been completed and the Company will account for the transaction as a business combination in the fourth quarter of 2023.