1 unchanged sentence
In 1997, Cognex completed construction of a 50,000 square-foot addition to this building.
−Removed: In 1995, Cognex purchased an 83,000 square-foot office building adjacent to our corporate headquarters that is occupied by employees primarily in research, development, and engineering, sales, marketing, service, finance, and information technology functions.
+Added: Table of Content
+Added: In 1995, Cognex purchased an 83,000 square-foot office building adjacent to our corporate headquarters that is occupied by employees primarily in marketing, service, information technology, and finance functions.
In 1997, Cognex purchased a three and one-half acre parcel of land adjacent to our corporate headquarters.
This land is being held for future expansion and is currently used as an Ultimate Frisbee Field for our Cognoids.
−Removed: In 2007, Cognex purchased a 19,000 square-foot building adjacent to our corporate headquarters.
−Removed: This facility served as the distribution center for customers in the Americas through the first quarter of 2022.
−Removed: This building is being held for future expansion and is expected to be used as a training center.
−Removed: In December 2021, Cognex entered into a lease for a 65,000 square-foot building in Southborough, Massachusetts for a term of 10 years to serve as a new distribution center for customers in the Americas effective as of the second quarter of 2022.
−Removed: In 2014, Cognex purchased a 50,000 square-foot building in Cork, Ireland.
−Removed: This facility serves as the distribution center for customers outside of the Americas.
+Added: In 2007, Cognex purchased a 19,000 square-foot building adjacent to our corporate headquarters that is currently used as a training center as part of our Emerging Customer sales initiative.
+Added: In 2014, Cognex purchased a 50,000 square-foot building in Cork, Ireland that serves as the distribution center for customers located in Europe.
+Added: In 2021, Cognex entered into a lease for a 65,000 square-foot building in Southborough, Massachusetts for a term of 10 years that serves as the distribution center for customers located in the Americas.
+Added: In June 2023, Cognex entered into a lease for a 115,000 square-foot building in Singapore for a term of 10 years and 6 months to serve as a new distribution center for customers located in Asia that became operational during the fourth quarter of 2023.
+Added: In connection with the acquisition of Moritex Corporation in the fourth quarter of 2023, the Company acquired a 162,000 square-foot building in Shenzhen, China and assumed a lease agreement for a 22,000 square-foot building in Bac Ninh, Vietnam, both of which serve as production plants for optical components.
Cognex conducts certain of its operations in other leased facilities, predominantly research, development, and engineering, sales, and administration functions.
These lease agreements expire at various dates through 2033.
−Removed: Certain of these leases contain renewal options, retirement obligations, escalation clauses, rent holidays, and leasehold improvement incentives.
+Added: Certain of these leases contain renewal options, leasehold improvement incentives, retirement obligations, escalation clauses, rent holidays, and variable payments tied to a consumer price index.
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.