+Added: As of December 31, 2022, we operated through approximately 250 sales and service offices that are supported by our regional distribution centers, as well as our nationwide network of multi-use sales, customer, and field support locations housing our nine UL-listed monitoring centers.
+Added: We lease our properties through our main operating entities, ADT LLC, ADT Commercial LLC, and ADT Solar LLC, which generally correspond with our operating segments, CSB, Commercial, and Solar, respectively.
+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.
As of December 31, 2022, we leased approximately 3.7 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.
+Added: With the recent renewal of the long-term lease of our corporate headquarters in Boca Raton, Florida, we expect to reduce our space to approximately 100 thousand square feet by the end of 2023.
We also own approximately 500 thousand square feet of space in the U.S.
−Removed: Our properties primarily include our field locations and support centers.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: We continue to believe our properties are adequate and suitable for our business as presently conducted and are adequately maintained.
+Added: We regularly evaluate the suitability, adequacy, productive capacity, and utilization of our existing principal physical properties.
+Added: A portion of our employees continue to work from home under both permanent and temporary arrangements.
+Added: Other initiatives, such as our Virtual Assistance Program, may also impact our physical property needs in the future as we are able to service more of our customers remotely.
+Added: We continue to believe our properties are adequately maintained and are suitable for our business as presently conducted.
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.