−Removed: Our corporate headquarters is located in
−Removed: Bedford, Massachusetts, where we lease approximately 134,000 square feet of administrative, research and development, and manufacturing
−Removed: We entered into this lease in January 2007, and the lease commenced in May 2007 for an initial term of ten and a half
−Removed: In October 2016, we exercised the first option under the lease to extend its term for five years.
−Removed: There are three additional
−Removed: renewal periods, each of which is subject to the condition that we notify the landlord of our exercise of such option at least
−Removed: one year prior to the expiration of the then current term.
−Removed: Two additional renewal options each extend the term an additional five
−Removed: years, and the final renewal option extends the term an additional six years.
−Removed: In October 2015, Anika S.r.l.
−Removed: entered into a build-to-suit lease
−Removed: agreement for a new European headquarters facility consisting of approximately 33,000 square feet of general office, research and
−Removed: development, training, and warehousing space located in Padova, Italy.
−Removed: This lease, which has an initial term of fifteen years,
−Removed: commenced in February 2017 in accordance with the lease agreement, as amended in February 2017.
−Removed: The lease will automatically renew
−Removed: for up to three additional six-year terms, subject to certain terms and conditions.
−Removed: may elect to early withdraw from
−Removed: this lease subject to certain financial penalties after six years and with no penalties after the ninth year.
−Removed: In the first quarter of 2020 we added approximately
−Removed: 10,000 square feet of administrative, research and development, and warehouse facility in Franklin, Massachusetts and approximately
−Removed: 40,000 square feet of administrative, research and development, and manufacturing space in Sarasota, Florida through our respective
−Removed: acquisitions of Arthrosurface, Incorporated and Parcus Medical, LLC.
−Removed: In 2019, we had aggregate facility lease
−Removed: expenses of approximately $1.9 million.
−Removed: We believe that the capacity of our Bedford, Franklin, Sarasota, and Padova facilities
−Removed: will be sufficient to satisfy our needs for the foreseeable future.
+Added: We maintain leases of five facilities, including our corporate headquarters location in Bedford, Massachusetts, where we lease approximately 134,000 square feet of administrative, research and development, and manufacturing space.
+Added: The lease on this facility contains multiple extension options that allow us to extend the term through October 2038.
+Added: We also have a leased facility in each of Franklin, Massachusetts and Padova, Italy and two leased facilities in Sarasota, Florida.
+Added: These additional facilities provide us with an aggregate of over 80,000 square feet of additional space and have terms expiring between 2021 and 2032, subject to certain renewal provisions contained within the lease agreements.
+Added: See Note 9, Leases, to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K for additional information regarding our specific leaseholds.
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.