XML 28 R17.htm IDEA: XBRL DOCUMENT v3.23.2
Subsequent Event
6 Months Ended
Jun. 30, 2023
Subsequent Event.  
Subsequent Event

11. Subsequent Event

On August 2, 2023, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.20 per share on the Company’s common stock. This dividend is payable on September 15, 2023, to shareholders of record at the close of business on August 25, 2023.

On August 3, 2023, 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 August 3, 2028 and changes the benchmark rate to SOFR from LIBOR. Other key terms of the credit agreement, including the amounts provided for under the Revolving Facility and the four-year accordion feature, were unchanged by the amendment. See Note 7 to these condensed consolidated financial statements.