−Removed: We operated 235 warehouse club locations as of January 28, 2023, of which 200 are leased under long-term leases and 15 are owned.
+Added: We operated 243 warehouse club locations as of February 3, 2024, of which 204 are leased under long-term leases and 19 are owned.
We own the buildings at the remaining 20 locations, which are subject to long-term ground leases.
4 unchanged sentences
Rent expense for such leases is recognized on a straight-line basis over the lease term.
−Removed: The initial primary term of the Company’s operating leases for properties ranges from 2 to 44 years, with most of these leases having an initial term of approximately 20 years.
+Added: The initial primary term of the Company’s operating leases for properties ranges from 2 to 44 years, with most of these leases having an initial primary term of approximately 20 years.
The initial primary term of the Company’s finance leases for properties is 20 years.
3 unchanged sentences
We terminated the lease on our prior home office in Westborough, Massachusetts in January of fiscal year 2022.
−Removed: We incurred costs in connection with the termination of the lease, including a termination charge of $7.5 million.
We operate three cross-dock distribution centers for non-perishable items and also have four perishable item distribution centers which were acquired from Burris Logistics in the second quarter of fiscal year 2022.
2 unchanged sentences
The perishable distribution centers range between 114,000 and 252,000 square feet in size.
−Removed: We operate another cross-dock distribution center primarily for Business-to-Business transactions, which occupies a total of 100,000 square feet.
+Added: We operate another cross-dock distribution center primarily for business-to-business transactions, which occupies a total of approximately 100,000 square feet.
Our lease agreement for this center expires in 2029.
−Removed: See Note 4 , "Leases" of our consolidated financial statements included in this Annual Report on Form 10-K for additional information with respect to our leases.
+Added: See " Note 6 .
+Added: Leases" of our consolidated financial statements included in this Annual Report on Form 10-K for additional information with respect to our leases.
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.