1 unchanged sentence
Our leases generally have noncancelable lease terms of between five and 10 years, with an option to renew for additional terms of one to 10 years or more.
−Removed: Over the past few years, we have been entering into more leases with 10 year initial terms, with renewal options.
+Added: In recent years, we have entered into more leases with 10-year initial terms with renewal options.
Most leases for these retail stores provide for a minimum rent, typically with escalating rent increases.
1 unchanged sentence
These leases generally require us to pay insurance, utilities, real estate taxes and common area maintenance expenses.
−Removed: We occupy our Host and Legacy locations through master agreements with our Host partners, which contain standard terms and conditions, such as fixed and percentage-based payments.
−Removed: A summary of our stores by location as of December 31, 2022 is as follows:
+Added: We occupy our Host locations through master agreements with our Host partners, which contain standard terms and conditions, such as fixed and percentage-based payments.
+Added: A summary of our stores by location as of December 30, 2023 is shown below.
+Added: This summary includes the Legacy stores we operated as of December 30, 2023.
+Added: As a result of the MSA Termination, we no longer operate the Legacy stores listed below.
+Added: Refer to Item 1.
+Added: “Our Business - Overview of Our Brands and Omni-channel & E-commerce Platform” for more information on the MSA Termination.
State America’s
32 unchanged sentences
Our corporate offices are located in leased space in Duluth, Georgia.
−Removed: In addition, we lease office space for our AC Lens corporate office in Columbus, Ohio and office space for our FirstSight corporate office in Upland, California.
−Removed: Legal Proceedings
−Removed: “Commitments and Contingencies” in our consolidated financial statements included in Part II.
−Removed: of this Form 10-K for information regarding certain legal proceedings in which we are involved, which discussion is incorporated herein by reference.
−Removed: Mine Safety Disclosures
−Removed: Not applicable.
+Added: In addition, we lease office space for our FirstSight corporate office in Upland, California and leased office space for our AC Lens corporate office in Columbus, Ohio through February 2024.
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.