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Subsequent Events
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events

18. Subsequent Events

On April 8, 2022, the Company completed the previously announced sale of all of the issued and outstanding equity interests of the entities which collectively constitute its JVS business segment to Cummins Inc., an Indiana corporation, for $325.0 million in cash subject to customary adjustments. The net cash consideration received was approximately $325.9 million.

On April 26, 2022, the Company declared a dividend of $0.09 per share for the quarter ended June 30, 2022, payable on July 6, 2022 to stockholders of record as of June 17, 2022.

On April 26, 2022, the Company announced that its Board of Directors approved a new share repurchase program authorizing the buyback of up to $300 million of the Company's common stock through December 31, 2024.