Subsequent Events |
6 Months Ended |
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Jun. 30, 2025 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 24 -- Subsequent Events On July 1, 2025, the Company’s Board of Directors declared a quarterly dividend of $0.40 per common share. The dividends are payable on September 19, 2025 to stockholders of record on August 15, 2025.
On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was signed into law. The OBBBA includes various provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The OBBBA has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company is currently assessing its impact on its consolidated financial statements and will recognize the income tax effects in the consolidated financial statements beginning in the period in which the OBBBA was signed into law. On July 24, 2025, the Company entered into a $17,000 loan agreement which bears interest at 5.65% with a maturity date of August 1, 2035. The loan is secured by commercial real estate in Haines City, Florida. On August 1, 2025, the Company entered into a purchase and sale agreement for a 179,779 square-foot commercial property located in St. Petersburg, Florida at a purchase price of $17,500. The purchase is scheduled to be closed during the third quarter of 2025 and will be funded using available cash on hand. |