XML 29 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
Subsequent Events
3 Months Ended
Apr. 03, 2016
Subsequent Events  
Subsequent Events

12.Subsequent Events

 

On May 10, 2016, the Company declared a quarterly dividend of eighteen cents ($0.18) per share on each outstanding share of Class A common stock and Class B common stock payable on June 16, 2016 to stockholders of record at the close of business on June 2, 2016.

 

On April 28, 2016, the Company borrowed $230 million under the Revolving Credit Facility to pay off all amounts outstanding under its $225 million of 5.85% Senior Notes due April 30, 2016 (the “April 2016 Notes”).  As of April 28, 2016, subject to the terms and conditions of the Credit Agreement, approximately $245 million of revolving credit remains unused and potentially available.