v3.25.2
Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events
Note 16 — Subsequent Events
On July 28, 2025, the Board of Directors declared a quarterly cash dividend of $0.06 per share payable August 22, 2025 to common stockholders of record at the close of business on August 8, 2025. The declaration of any future dividends is subject to the Board of Directors’ discretion and approval.
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act ("OBBBA"). The OBBBA makes permanent key elements of the Tax Cuts and Jobs Act, including 100% bonus deprecation, domestic research cost expensing, and the business interest expense limitation. ASC 740, "Income Taxes", requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation is enacted. As a result, the Company is evaluating
the legislation and will identify any changes required to its financial statements although we do not anticipate these changes will materially impact the provision for income taxes.
The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements are issued. Based upon this review, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the financial statements.