10 unchanged sentences
Modesto, California Distribution center and manufacturing facility 75,000 328,000
−Removed: Salt Lake City, Utah Distribution center and packaging facility (three buildings) (4)
−Removed: High Point, North Carolina Distribution center (two buildings) (5)
−Removed: 131,000 829,000
+Added: Magna, Utah Distribution center and packaging facility 102,000 (3)
+Added: High Point, North Carolina Distribution center 131,000 829,000
Kansas City, Kansas Distribution center 156,000 462,000
3 unchanged sentences
Apodaca, Nuevo Leon, Mexico Distribution center X — 103,000
+Added: Johor, Malaysia Distribution center X — 38,000
Dordrecht, Netherlands Distribution center X — 39,000
3 unchanged sentences
This property contains an ASRS with a capacity of 52,000 pallet locations, in addition to the 547,000 tote locations for small parts.
−Removed: In March of 2024, we installed a new ASRS that has a capacity of 154,000 tote locations for small parts.
−Removed: This property contains an ASRS with a capacity of 14,000 pallet locations, in addition to the 154,000 tote locations for small parts.
−Removed: During 2021, we acquired land for future expansion of our distribution center in Magna, Utah.
−Removed: This building is expected to be complete in June of 2025 and will be approximately 290,000 square feet.
−Removed: In December 2018, we purchased an additional distribution center in High Point, North Carolina with approximately 750,000 total square feet.
−Removed: 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.
+Added: In 2025, we began operating out of our newly-built distribution center in Magna, Utah.
+Added: Previously, we rented three buildings in the Salt Lake City area to run our regional operations which are now consolidated into the Magna, Utah building.
We also own, and in some cases, lease, the following support facilities, excluding selling locations:
10 unchanged sentences
Bangalore, India International information technology office X 67,000
−Removed: In addition, we own 151 buildings that house our in-market locations in various cities throughout North America.
+Added: In addition, we own 147 buildings that house our branch locations in various cities throughout North America.
All other buildings we occupy are leased.
−Removed: 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).
+Added: On average, leased 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).
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.
−Removed: It is anticipated the majority of new branch locations will continue to be leased.
+Added: It is anticipated the majority of new branch
+Added: 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.
5 unchanged sentences
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.