Subsequent Events |
6 Months Ended |
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Jun. 29, 2025 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events On July 2, 2025, the Company completed the divesture of its Graphic Arts business to Vulcan Metals Specialty Products, Inc., a newly created affiliate of TerraMar Capital LLC. In accordance with ASC 205-20 and ASC 360-10, our Graphic Arts business was classified as held-for-sale at June 29, 2025 and December 31, 2024. The segment represented approximately 7% of consolidated revenues in the first six months of 2025. The divestiture is expected to have an immaterial income statement impact in the third quarter of 2025. On July 15, 2025, the Company completed a refinancing of its shelf facility, the terms of the financing agreement remain materially the same, with the new facility now expiring in July 2030. A copy of the agreement has been included as exhibit 10.1. Other than those disclosed elsewhere in the notes to the financial statements, no further material subsequent events to report.
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