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Subsequent Events
3 Months Ended
Mar. 26, 2023
Subsequent Events  
Subsequent Events

13. Subsequent Events

On May 2, 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 June 15, 2023 to stockholders of record on June 1, 2023.

On March 31, 2023, the Company completed the acquisition of the primary business assets of Enware Australia Pty Ltd (“Enware”) in an all-cash transaction. Enware is based near Sydney, Australia, and has been a leading supplier for specialty plumbing and safety equipment used in the Australian institutional and commercial end markets since 1937. The acquisition of Enware aligns with the Company’s strategy to expand geographically into countries with mature and enforced plumbing codes. Enware will enhance the Company’s product offering and channel access into the Australian marketplace. The acquisition of Enware was deemed not to be material.