−Removed: As of December 31, 2020, we operated through a network of over 300 sales and service offices and three regional distribution centers, as well as 18 multi-use sales and customer and field support locations that house our nine U.L-listed monitoring centers and four national sales centers.
−Removed: The majority of the properties described above are leased.
−Removed: We lease approximately 3 million square feet of space in the U.S., including approximately 140 thousand square feet of office space for our corporate headquarters located in Boca Raton, Florida.
−Removed: We lease these properties primarily under long-term operating leases with third parties.
+Added: As of December 31, 2021, we leased approximately 3.6 million square feet of space in the U.S., including approximately 140 thousand square feet for our corporate headquarters in Boca Raton, Florida, primarily under long-term operating leases with third parties.
We also own approximately 500 thousand square feet of space in the U.S.
−Removed: We continue to assess the impacts of the COVID-19 Pandemic on the suitability, adequacy, productive capacity, and utilization of our existing principal physical properties.
−Removed: During 2020, we implemented a temporary work from home strategy as a result of the COVID-19 Pandemic.
−Removed: The success of this initiative may provide us with an opportunity to transition some of our workforce to a more permanent work from home environment, including a portion of our monitoring and customer service employees in our call centers, which may result in changes to our physical property needs.
−Removed: Although a portion of our employees continue to
−Removed: work from home under our current temporary arrangement, we believe our properties are adequate and suitable for our business as presently conducted and are adequately maintained.
+Added: Our properties primarily include our field locations and support centers.
+Added: We have a network of over 250 sales and service offices and three regional distribution centers, which are supported by 17 multi-use sales, customer, and field support locations housing our nine UL-listed monitoring centers and four national sales centers.
+Added: While select locations may primarily support one segment or market, such as our NAOC which supports our Commercial business, these multi-use locations primarily support our business as a whole.
+Added: We evaluate the suitability, adequacy, productive capacity, and utilization of our existing principal physical properties, including the evaluation of any impact from the COVID-19 Pandemic.
+Added: During 2020, we implemented a temporary work from home strategy as a result of the COVID-19 Pandemic, and a portion of our employees continue to work from home under our temporary arrangement.
+Added: The success of this initiative may allow us to transition some of our workforce to a permanent work from home environment, including a portion of our call center employees, which may result in changes to our physical property needs.
+Added: As a result, we may be able to reduce our number of fixed physical locations, which we believe will reduce operating expenses while providing a significant benefit for our employees.
+Added: We continue to believe our properties are adequate and suitable for our business as presently conducted and are adequately maintained.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.