−Removed: The Company owns approximately 4.626 acres in Denver, North Carolina, which houses the operations of Air T and MAC.
+Added: The Company owns approximately 4.626 acres in Denver, North Carolina, which houses the operations of Air T and MAC and a 55,000 square feet office building in St.
+Added: Louis Park, Minnesota that is partially leased to tenants and is the location of the Company's Minnesota executive office.
The Company leases approximately 1,950 square feet of office space and approximately 4,800 square feet of hangar space at the Ford Airport in Iron Mountain, Michigan.
5 unchanged sentences
As of March 31, 2022, the Company leased hangar, maintenance and office space from third parties at a variety of other locations, at prevailing market terms.
−Removed: Contrail Aviation leases a 21,000 square foot facility in Verona, Wisconsin.
+Added: Contrail leases a 21,000 square foot facility in Verona, Wisconsin.
This is a lease from a related party.
See Note 1 5 “Related Party Matters” of Notes to Consolidated Financial Statements included under Part II, Item 8 of this report.
−Removed: As of March 31, 2021, Contrail has executed the option to extend this lease for an additional period of five years on the same terms and conditions.
−Removed: The new lease expires on July 17, 2026.
+Added: This lease expires on July 17, 2026.
Contrail also leases a 1,453 square foot office space in Denver, Colorado.
−Removed: The lease is a 37 month lease that commenced on January 1, 2019.
+Added: The lease is a 60 month lease that extends through June 2026.
Jet Yard leases approximately 48.5 acres of land from Pinal County at the Pinal Air Park in Marana, Arizona.
2 unchanged sentences
On May 27, 2020, Pinal County and Jet Yard entered into the first amendment to the lease agreement in which Pinal County agreed to the terms of Jet Yard's ground hardening civil improvement project ("ground hardening improvements") on areas under lease to improve its aircraft parking facilities.
−Removed: As of March 31, 2021, Jet Yard has subleased the aforementioned lease along with the ground hardening improvements to Jet Yard Solutions.
+Added: Starting in fiscal 2021, Jet Yard subleased the aforementioned lease along with the ground hardening improvements to Jet Yard Solutions.
DSI leases 12,206 square feet of space in a building located in Mississauga, Canada.
11 unchanged sentences
One lease is 22,582 square feet and expires in January 2027.
−Removed: The other lease is 10,000 square feet and expires in September 2020.
+Added: The other lease is 10,000 square feet, renewable every six months, with the latest renewal expiring in September 2022.
Additionally, Worthington also has two facility leases in Australia:
1 unchanged sentence
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.