Item 2. Properties
Item 2. Properties
Our corporate headquarters are located in Irvine, California, where we rent approximately 48,000 square feet pursuant to a lease
agreement that is scheduled to expire in May 2021. We have entered into a new lease agreement with a five-year term for a different facility in Irvine with approximately 22,000 square feet to serve as our corporate headquarters beginning in the
second quarter of 2021.
As of December 31, 2020, we operated more than 80 offices, primarily in the United States and Canada.
We lease all of our properties, except for a property in Connecticut and another in Kansas that we own. Leases on these offices expire at
various dates from 2021 to 2030, excluding any options for renewal. We typically seek office space in proximity to retailers headquarters or buying offices, to aid our associates in acting as sales representatives for our manufacturer clients.
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