Item 2. Properties
ITEM 2. PROPERTIES
Note – Information in this section is as of December 31, 2024, unless otherwise noted.
We own, and in some cases, lease, the following facilities, excluding selling locations:
Location Purpose Leased Tote Locations (ASRS) (1)
Approximate
Square Feet
Winona, Minnesota Distribution center and home office 246,000 334,000
Indianapolis, Indiana Distribution center 547,000 (2)
1,078,000
Akron, Ohio Distribution center 103,000 188,000
Scranton, Pennsylvania Distribution center 106,000 187,000
Denton, Texas Distribution center 154,000 (3)
294,000
Atlanta, Georgia Distribution center 77,000 252,000
Seattle, Washington Distribution center 140,000 238,000
Modesto, California Distribution center and manufacturing facility 75,000 328,000
Salt Lake City, Utah Distribution center and packaging facility (three buildings) (4)
X — 154,000
High Point, North Carolina Distribution center (two buildings) (5)
131,000 829,000
Kansas City, Kansas Distribution center 156,000 462,000
Jackson, Mississippi Distribution center — 271,000
Kitchener, Ontario, Canada Distribution center 128,000 242,000
Edmonton, Alberta, Canada Distribution center X — 38,000
Apodaca, Nuevo Leon, Mexico Distribution center X — 104,000
Dordrecht, Netherlands Distribution center X — 39,000
Saint Helens, United Kingdom Distribution center X — 14,000
Shanghai, China Distribution center X — 12,000
(1)
Total number of tote locations for small parts storage included in facilities with an ASRS.
(2)
This property contains an ASRS with a capacity of 52,000 pallet locations, in addition to the 547,000 tote locations for small parts.
(3)
In March of 2024, we installed a new ASRS that has a capacity of 154,000 tote locations for small parts. This property contains an ASRS with a capacity of 14,000 pallet locations, in addition to the 154,000 tote locations for small parts.
(4)
During 2021, we acquired land for future expansion of our distribution center in Magna, Utah. This building is expected to be complete in June of 2025 and will be approximately 290,000 square feet.
(5)
In December 2018, we purchased an additional distribution center in High Point, North Carolina with approximately 750,000 total square feet. We currently utilize approximately 355,000 square feet for distribution activities and the other 395,000 square feet will be renovated in 2025 for additional distribution space.
We also own, and in some cases, lease, the following support facilities, excluding selling locations:
Location Purpose Leased Approximate
Square Feet
Winona, Minnesota Manufacturing facility 121,000
Indianapolis, Indiana Manufacturing facility 194,000
Houston, Texas Manufacturing facility 114,000
Wallingford, Connecticut Manufacturing facility 177,000
Rockford, Illinois Manufacturing facility 101,000
Johor, Malaysia Manufacturing facility 30,000
Brno-Lisen, Czech Republic Manufacturing facility X 20,000
Leeds, United Kingdom Manufacturing facility X 28,000
Winona, Minnesota Multiple facilities for office space, storage, and packaging operations 419,000
Bangalore, India International information technology office X 67,000
In addition, we own 151 buildings that house our in-market locations in various cities throughout North America.
All other buildings we occupy are leased. On average, leased in-market locations range from approximately 3,000 to 15,000 square feet, with lease terms of up to 144 months (most initial lease terms are for 36 to 60 months).
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We currently own land for future distribution center expansion and development. If economic conditions are suitable in the future, we will consider purchasing branch locations to house our older branches. It is anticipated the majority of new branch locations will continue to be leased. It is our policy to negotiate relatively short lease terms to facilitate relocation of particular branch operations, when desirable. Our experience has been that there is sufficient space suitable for our needs and available for leasing.
ITEM 3. LEGAL PROCEEDINGS
A description of our legal proceedings, if any, is contained in Note 11 of the Notes to Consolidated Financial Statements and is incorporated herein by reference.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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PART II