Subsequent Events |
12 Months Ended | ||||||||||||
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Dec. 31, 2019 | |||||||||||||
Subsequent Events [Abstract] | |||||||||||||
Subsequent Events |
The Company has evaluated subsequent events through the date which the consolidated financial statements were available to be issued.
Equity Awards
In January 2019, the Company granted 1,548,253 RSUs to employees and directors primarily in connection with the Company's 2019 short-term incentive programs.
Insurance Proceeds
On January 30, 2020, the company announced that it had received a payment of $2.5 million related to the fire that occurred at the plant on November 29, 2019. This payment brought total insurance proceeds received to $5 million.
On March 11,2020, the company announced that it had received a payment of $5 million related to the fire that occurred at the plant on November 29, 2019. This payment brought total insurance proceeds received to $10 million.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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