XML 37 R22.htm IDEA: XBRL DOCUMENT v3.26.1
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
DIVIDEND DECLARATION
On May 13, 2026, the Board raised the quarterly cash dividend to $0.085 per share of common stock, up from the $0.08 per share paid in previous quarters. The cash dividend will be paid on June 19, 2026, to all holders of record of common stock at the close of business on June 5, 2026. This cash dividend of approximately $5.0 million is expected to be paid from available cash on hand.
PENDING ACQUISITION OF REMAINING OWNERSHIP IN SPIEGEL VENTURE
In April 2026, Spiegel TV GmbH and Autentic GmbH exercised their respective put options requiring the Company to purchase the remaining 68% ownership interest in the Spiegel Venture for an aggregate purchase price of $1.9 million. The Company currently holds a 32% equity interest in Spiegel Venture. The Company expects to finalize the acquisition and settle the payment in mid-2026. Upon the expected closing, the Company will own 100% of the Spiegel Venture, at which point Spiegel Venture’s results of operations will be consolidated within the Company’s financial statements.
The Company intends to fund the acquisition through cash on hand.