A Dark Vector Cognition product

Item 2. Properties

1K characters. Original on sec.gov ·

Item 2. Properties

We owned and leased the following properties as of May 31, 2024:

Square feet
Owned facilities:
Rochester, New York832,000
Other U.S. locations30,000
Total owned facilities862,000
Leased facilities:
Rochester, New York53,000
Other U.S. locations895,000
International locations179,000
Total leased facilities1,127,000

Our facilities in Rochester, New York house various distribution, processing, and technology functions, certain ancillary functions, a telemarketing unit, and other back-office functions. Facilities outside of Rochester, New York are in various locations throughout the U.S. and house our service centers, fulfillment centers and sales functions. Our International locations primarily house our European operations in Denmark and Germany and locations in India house information technology, service, and sales support functions.

During the fourth quarter of fiscal 2024, the Company focused on cost optimization initiatives, including further consolidation of our geographic footprint. As such, the Company ceased the use of certain leased properties in Rochester, New York and Other U.S. locations. We believe that adequate, suitable lease space will continue to be available to meet our needs.

Previous: Item 1C. Cybersecurity · Next: Item 3. Legal Proceedings