A Dark Vector Cognition product

Item 2. Properties

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Item 2. Properties

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At December 31, 2017, the Company had 149 operating facilities in 25 states and 17 foreign countries. Of these facilities, 60 are owned by the Company and 89 are leased. The properties owned by the Company consist of approximately 724 acres, of which approximately 5.3 million square feet are under roof. Under lease is a total of approximately 3.3 million square feet. The leases expire over a range of years from 2018 to 2082, with renewal options for varying terms contained in many of the leases. The Company’s executive offices in Berwyn, Pennsylvania, occupy approximately 43,000 square feet under a lease that expires in September 2023.

The Company’s machinery and equipment, plants and offices are in satisfactory operating condition and are adequate for the uses to which they are put. The operating facilities of the Company by reportable segment were as follows at December 31, 2017:

Number of Operating FacilitiesSquare Feet Under Roof
OwnedLeasedOwnedLeased
Electronic Instruments29572,146,0002,194,000
Electromechanical31323,160,0001,056,000
Total60895,306,0003,250,000

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