Subsequent Event

3 Months Ended

Mar. 31, 2019

Subsequent Event.

Subsequent Event

12.    Subsequent Event

On May 1, 2019, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.135 (13.5 cents) per share on the Company’s common stock.  This dividend is payable on June 14, 2019 to shareholders of record at the close of business on May 24, 2019.

On May 2, 2019, the Company amended its credit agreement with the Lender.  The terms of the amended credit agreement provide for a final maturity date of the Revolving Facility and any incremental borrowings of May 2, 2024.  Other key terms of the credit agreement, including the amounts provided for under the Revolving Facility and the four-year accordion feature, the interest rates and the commitment fees, were unchanged by the amendment.  See Note 8 to the condensed consolidated financial statements.