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Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Dividend Declaration

On January 31, 2025, the Company's Board of Directors (the "Board") declared a quarterly cash dividend of $0.28 per share of the Company's common stock, estimated to be $11.8 million in total. The record date for the dividend will be April 3, 2025, and will be paid on April 23, 2025.
Treasury Share Retirement

On January 31, 2025, the Board adopted a resolution to retire 559,179 shares held as treasury account in Stockholders' Equity.

Sale of Asset

On January 24, 2025, the Company has executed an agreement to sell its Gallatin, Tennessee facility for $19.1 million. As of December 31, 2024, the assets did not meet the held-for-sale criteria.

Share Repurchases

In February 2025, the Company repurchased 146,640 shares of the Company’s common stock in the open market at an average price of 170.48 per share for a total of approximately $25.0 million. As a result, as of February 28, 2025, approximately $75.0 million remained available for share repurchase through December 31, 2025 under the Company’s previously announced $100.0 million share repurchase authorization.