XML 74 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Dividend
3 Months Ended
Feb. 23, 2020
Dividends [Abstract]  
DIVIDEND
DIVIDEND
In January 2020, the Company's Board of Directors declared a cash dividend of $0.08 per share to holders of record of its Class A and Class B common stock, at the close of business of February 12, 2020. The first dividend of $31.9 million in total was paid in the first quarter of 2020.
In April 2020, the Company's Board of Directors declared a cash dividend of $0.08 per share to holders of record of its Class A and Class B common stock, at the close of business on April 24, 2020, which is payable on or about May 8, 2020.
The Company does not have an established dividend policy. The Company will continue to review its ability to pay cash dividends on an ongoing basis and dividends may be declared at the discretion of the Company's Board of Directors depending upon, among other factors, the Company's financial condition and compliance with the terms of the Company's debt agreements.