DXP ENTERPRISES INC 10-K/A

ITEM 2. Properties We own seven of our facilities while the remainder of our facilities are leased. At December 31, 2020, we had approximately 168 facilities which contained 154 services centers, 4 distribution centers and 10 fabrication facilities. At December 31, 2020, the Service Centers segment operated out of 154 service center facilities. Of these facilities, 125 were located in the U.S. in 35 states, 28 were located in nine Canadian provinces and one was located in Dubai. All of the distribution centers were located in the U.S., specifically in Texas, Montana and Nebraska. At December 31, 2020, the Innovative Pumping Solutions segment operated out of 10 fabrication facilities located in two states in the U.S. and two provinces in Canada. At December 31, 2020, the Supply Chain Services segment operated supply chain installations in 79 of our customers’ facilities in 26 U.S. states and one Canadian province. At December 31, 2020, our owned facilities ranged from 5,000 square feet to 45,000 square feet in size. We leased facilities for terms generally ranging from one to fifteen years. The leased facilities ranged from approximately 570 square feet to 105,000 square feet in size. The leases provide for periodic specified rental payments and certain leases are renewable at our option. We believe that our facilities are suitable and adequate for the needs of our existing business. We believe that if the leases for any of our facilities were not renewed, other suitable facilities could be leased with no material adverse effect on our business, financial condition or results of operations.