CTS CORP 10-K

Item 1B. Unresolved Staff Comments None. CTS CORPORATION 16 Table of Contents Item 2. P roperties As of December 31, 2021, we had manufacturing facilities, administrative, research and development and sales offices in the following locations: Manufacturing Facilities Square Footage Owned/Leased Albuquerque, New Mexico 114,525 Leased Boise, Idaho 15,000 Leased Calamba, Philippines 14,800 Leased Fairfield, New Jersey 9,100 Leased Hopkinton, Massachusetts 32,000 Owned Juarez, Mexico 114,600 Leased Kaohsiung, Taiwan 75,900 Owned (1) Kvistgaard, Denmark 30,680 Leased Lisle, Illinois 31,000 Leased Matamoros, Mexico 51,000 Owned Tecate, Mexico 25,000 Leased Tecate, Mexico 12,000 Owned Nogales, Mexico 64,000 Leased Nupaky, Czech Republic 55,919 Leased Ostrava, Czech Republic 67,600 Leased Tianjin, China 225,000 Owned (2) Zhongshan, China 112,600 Leased Total manufacturing 1,050,724 (1) Ground lease through 2026; restrictions on use and transfer apply. (2) Land Use Rights Agreement through 2050 includes transfer, lease and mortgage rights. Non-Manufacturing Facilities Square Footage Owned/Leased Description Brownsville, Texas N/A Owned Land Brownsville, Texas 10,000 Leased Warehouse El Paso, Texas 22,400 Leased Office and warehouse Matamoros, Mexico 23,000 Leased Warehouse and administrative offices Tecate, Mexico 9,500 Owned Warehouse Elkhart, Indiana 319,000 Owned Idle facility Elkhart, Indiana 93,000 Owned Administrative offices and research Farmington Hills, Michigan 1,800 Leased Sales office Lisle, Illinois 74,925 Leased Administrative offices and research Nagoya, Japan 800 Leased Sales office Singapore 5,600 Leased Sales office Yokohama, Japan 1,400 Leased Sales office Total non-manufacturing 561,425 We regularly assess our facilities for manufacturing capacity, available labor, and proximity to our markets and major customers. Management believes our manufacturing facilities are suitable and adequate and have sufficient capacity to meet our current needs. The extent of utilization varies from plant to plant and with economic conditions. We also review the operating costs of our facilities and may from time-to-time relocate a portion of our manufacturing activities in order to reduce operating costs and improve asset utilization and cash flow.