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Subsequent Events | 9 Months Ended
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Oct. 02, 2016
Subsequent Events |
Subsequent Events | 12.Subsequent Events On November 1, 2016, the Company declared a quarterly dividend of $0.18 per share on each outstanding share of Class A common stock and Class B common stock payable on December 16, 2016 to stockholders of record at the close of business on December 2, 2016. On November 2, 2016, the Company acquired 100% of the shares of PVI Riverside Holdings, Inc., the parent company of PVI Industries, LLC, for approximately $78 million. PVI Industries is a leading manufacturer of commercial stainless steel water heating equipment, which complement AERCO’s boiler products. The purchase price is subject to a final post-closing working capital adjustment.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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