A Dark Vector Cognition product

Item 2. Properties

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Item 2. Properties

We owned and leased the following properties as of May 31, 2025:

Square feet
Owned facilities:
Rochester, New York832,000
Other U.S. locations166,000
Total owned facilities998,000
Leased facilities:
Rochester, New York53,000
Other U.S. locations865,000
International locations280,000
Total leased facilities1,198,000

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 fiscal 2025, we acquired various owned and leased properties with our acquisition of Paycor and an immaterial acquisition. We obtained facilities in various locations in the U.S. and Serbia, that house service centers, fulfillment centers, sales, information technology, and ancillary services. The square footage table above excludes one lease entered into but has yet to commence for space in other U.S. locations and has square footage of 44,000.

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