A Dark Vector Cognition product

Item 2. PROPERTIES

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Item 2. PROPERTIES

We lease approximately 1,830,000 square feet of office space in 101 locations in the United States and internationally through our foreign subsidiaries. Our executive offices are in leased office space in San Francisco, California, and our corporate headquarters are in leased office space in San Rafael, California. Our San Rafael facilities consist of approximately 116,000 square feet under leases that expire in December 2024. Our San Francisco facilities consist of approximately 284,000 square feet under leases that have expiration dates ranging from December 2022 to June 2026. We and our foreign subsidiaries lease additional space in various locations throughout the world for local sales, product development, and technical support personnel.

All facilities are in good condition. The COVID-19 pandemic has spurred changes in the way we work as we move to a more hybrid workforce resulting in an evaluation of our office space needs. Accordingly, we are reducing the square footage of our facilities portfolio by approximately 20 percent worldwide and incurred impairments to assets associated with our operating leases for real estate in the fiscal year ended January 31, 2022, and expect to incur impairments over the next several quarters. See Part II, Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations” and Note 9, “Leases,” in the Notes to Consolidated Financial Statements for more information. We believe that our existing facilities and offices are adequate to meet our requirements for the foreseeable future.

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