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Subsequent Events | 9 Months Ended
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Sep. 24, 2023
Subsequent Events |
Subsequent Events | 13. Subsequent Events ​ On October 30, 2023, the Company declared a quarterly dividend of thirty-six cents ($0.36) per share on each outstanding share of Class A common stock and Class B common stock payable on December 15, 2023 to stockholders of record on December 1, 2023. ​ Business Acquisition ​ On October 23, 2023, the Company completed the acquisition of Bradley Corporation (“Bradley”) in a share purchase transaction. The aggregate purchase price, including an estimated working capital adjustment, was approximately $303 million and is subject to a final post-closing working capital adjustment. The Company funded the transaction with $210 million of borrowings under the Credit Agreement with the remainder being funded by cash on hand. The purchase price allocation for Bradley has not yet been completed and the Company will account for the transaction as a business combination in the fourth quarter of 2023. ​

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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 Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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