Item 2. Properties
Item 2. Properties
Our corporate headquarters are located in Newton, Massachusetts, where we lease approximately 110,000 square feet of office space. We also lease approximately 30,000 square feet for our contact center and regional administrative offices in Colorado, as well as spaces for regional administrative offices in the United Kingdom, the Netherlands, and Australia. We also lease a number of early education and child care centers in the geographies in which we operate. We do not consider any of our properties, including our corporate headquarters, to be material to our operations.
As of December 31, 2024, we operated 1,019 early education and child care centers across the United States, and in the United Kingdom, the Netherlands, Australia and India, of which 118 were owned, with the remaining centers being operated under operating leases or service agreements. Leases typically have initial terms ranging from 10 to 15 years, generally with renewal options.
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The following table summarizes the locations of our early education and child care centers as of December 31, 2024:
Location Number of Centers
United States 599
United Kingdom 268
Australia 80
Netherlands 70
India 2
1,019
We believe that our properties are generally in good condition, are adequate for our operations, and meet or exceed the regulatory requirements for health, safety and child care licensing established by the governments where they are located.
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