14. Subsequent Events

Dividends

On June 3, 2026, the Board declared a quarterly cash dividend of $0.09 per share, payable on July 8, 2026 to stockholders of record of issued and outstanding shares of the Company’s common stock as of June 24, 2026.

U.S. Tariff Matter

Following the Supreme Court ruling, the Court of International Trade issued an order directing Customs and Border Protection ("CBP") to begin paying refunds for tariffs enacted under the International Emergency Economic Powers Act ("IEEPA") immediately. The CBP has begun developing a new system to process the unprecedented volume of IEEPA tariff refunds. The CBP is proceeding with a phased rollout of refunds. Subsequent to year-end, the Company submitted refund claims to CBP related to tariffs previously paid under the IEEPA. These claims were submitted following court rulings that invalidated certain IEEPA tariffs and directed CBP to implement a refund process. Subsequent to quarter end and as of the date these financial statements were issued, the Company began receiving refunds, but the complete refund process is ongoing and subject to administrative implementation by the CBP. Accordingly, management concluded that the matter represents a non-recognized subsequent event under ASC 855, and no receivable has been recorded as of May 2, 2026.