Item 2. Properties
Item
2. PROPERTIES
Our
headquarters office and distribution warehouse is located on a 50-acre complex at 5402 South 122nd East Ave, Tulsa, Oklahoma. The Company
headquarters includes multiple buildings that combine to total approximately 402,000 square feet of office and warehouse space; of which
109,700 is utilized by us and 292,300 is occupied by two third-party tenants. Substantially all customer orders are fulfilled from our
85,000 square foot warehouse, in Tulsa, Oklahoma, using multiple flow-rack systems, referred to as “lines,” to expedite order
completion, packaging, and shipment.
During
the third quarter of fiscal 2024, the Company listed for sale/leaseback our headquarters office and warehouse property. The listing of
the property for sale resulted in a reclassification of the owned property as “Assets Held For Sale” in the Company’s
financial statements.
In
addition to this owned property, we also lease additional warehouse space in Tulsa, Oklahoma and Joplin, Missouri as needed for overflow
inventory, an office space in San Diego, California that is used by our Kane Miller employees, office space in Ogden, Utah, and office
space in Seattle, Washington. We believe that our operating facilities meet both present and future capacity needs.
Item
3. LEGAL PROCEEDINGS
We
are not a party to any material pending legal proceedings.
Item
4. MINE SAFETY DISCLOSURES
None
6
Table of Contents
PART
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.