Subsequent Events

12 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent Events

In February 2020, the Company committed to a plan to sell its Raymarine non-thermal maritime electronics business subject to certain conditions of the proposed transaction and customary regulatory approvals.  The business, which is designed and marketed primarily to recreational boaters and light-commercial customers, is being actively marketed and it is the Company’s intention to complete the sale within calendar year 2020. The Company is in the process of evaluating the overall estimated financial impacts.

On February 21, 2020, the Company's Board of Directors declared a quarterly dividend of $0.17 per share on the Company's common stock, payable on March 20, 2020, to shareholders of record as of the close of business on March 6, 2020. The total cash payment of this dividend will be approximately $22.8 million.