A Dark Vector Cognition product

Item 2. PROPERTIES

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Item 2. PROPERTIES

Note – Information in this section is as of December 31, 2020, unless otherwise noted.

We own, and in some cases, lease, the following facilities, excluding selling locations:

LocationPurposeLeasedTote Locations (ASRS)(1)Approximate Square Feet
Winona, MinnesotaDistribution center and home office (2)246,000259,000
Indianapolis, IndianaDistribution center547,000(3)1,039,000
Akron, OhioDistribution center103,000182,000
Scranton, PennsylvaniaDistribution center104,000189,000
Denton, TexasDistribution center41,000(4)176,000
Atlanta, GeorgiaDistribution center77,000198,000
Seattle, WashingtonDistribution center140,000246,000
Modesto, CaliforniaDistribution center and manufacturing facility69,000328,000
Salt Lake City, UtahDistribution center and packaging facility (three buildings)X—156,000
High Point, North CarolinaDistribution center (two buildings) (5)132,000680,000
Kansas City, KansasDistribution center170,000468,000
Jackson, MississippiDistribution center—269,000
Kitchener, Ontario, CanadaDistribution center128,000242,000
Edmonton, Alberta, CanadaDistribution centerX—38,000
Apodaca, Nuevo Leon, MexicoDistribution centerX—46,000
Dordrecht, NetherlandsDistribution centerX—35,000
Shanghai, ChinaLocal re-distribution centerX—16,000

(1) Total number of tote locations for small parts storage included in facilities with an ASRS.

(2) During 2018, we acquired land for future expansion of our home office, and, as of December 2020, we have additional office space under construction.

(3) This property contains an ASRS with capacity of 52,000 pallet locations, in addition to the 547,000 tote locations for small parts.

(4) This facility contains an ASRS with capacity of 14,000 pallet locations, in addition to the 41,000 tote locations for small parts.

(5) In late December 2018, we purchased an additional distribution center in High Point, North Carolina with approximately 750,000 total square feet. Approximately 371,000 square feet will be leased by the building's previous owner until December 2022. We currently utilize approximately 379,000 square feet for distribution activities.

We also own, and in some cases, lease, the following support facilities, excluding selling locations:

LocationPurposeLeasedApproximate Square Feet
Winona, MinnesotaManufacturing facility100,000
Indianapolis, IndianaManufacturing facility220,000
Houston, TexasManufacturing facility120,000
Wallingford, ConnecticutManufacturing facility187,000
Rockford, IllinoisManufacturing facility100,000
Johor, MalaysiaManufacturing facility30,000
Modrice, Czech RepublicManufacturing facilityX17,000
Leeds, United KingdomManufacturing facilityX28,000
Winona, MinnesotaMultiple facilities for office space, storage, and packaging operations240,000
Bangalore, IndiaInternational information technology officeX15,000

In addition, we own 167 buildings that house our in-market locations in various cities throughout North America.

All other buildings we occupy are leased. Leased branches range from approximately 3,000 to 15,000 square feet, with lease terms of up to 60 months (most initial lease terms are for 36 to 60 months).

We currently own land for future distribution center expansion and development. If economic conditions are suitable in the future, we will consider purchasing branch locations to house our older branches. It is anticipated the majority of new branch locations will continue to be leased. It is our policy to negotiate relatively short lease terms to facilitate relocation of particular branch operations, when desirable. Our experience has been that there is sufficient space suitable for our needs and available for leasing.

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