3 unchanged sentences
Harrison, Arkansas (1)
−Removed: Manufacturing
−Removed: Riverside, California
−Removed: Held for Sale
+Added: Manufacturing (Held for Sale)
Dublin, Georgia
2 unchanged sentences
Dubuque, Iowa (1)
−Removed: Manufacturing (Vacated)
−Removed: Dubuque, Iowa (2)
−Removed: Manufacturing
+Added: Manufacturing (Held for Sale)
Dubuque, Iowa
2 unchanged sentences
Starkville, Mississippi (1)
−Removed: Manufacturing
+Added: Manufacturing (Held for Sale)
Lancaster, Pennsylvania (2)
−Removed: The Dubuque, Iowa manufacturing facility has been vacated as of October 2018.
−Removed: Previously, the Company planned to donate this property to a non-profit along with approximately $2.6 million in cash.
−Removed: Upon further analysis, donating the property and cash is no longer in the Company’s best interest.
−Removed: Therefore, the Company has initiated steps with the non-profit, the City of Dubuque, County of Dubuque and the State of Iowa to terminate the redevelopment agreement and subsequent donations associated with this property.
−Removed: The Company completed its construction of the new Dubuque manufacturing facility and relocated existing production capability during the fiscal second quarter.
−Removed: The relocation was completed late in the fiscal second quarter and became fully operational in the fiscal third quarter of 2019.
+Added: (1) Facilities are classified as held for sale as of June 30, 2020.
+Added: See Note 6 Assets Held for Sale, included in this Annual Report on Form 10-K for disclosure of the assets held for sale.
+Added: The Company has two facilities in Harrison, Arkansas, one facility was sold on August 14, 2020.
+Added: (2) Subsequent to June 30, 2020, the facility was placed for sale.
+Added: The total net book value of the Lancaster property was $0.8 million as of June 30, 2020.
+Added: The Company expects the sale to be completed during the first quarter of fiscal 2021.
The Company leases the following facilities as of June 30, 2020:
6 unchanged sentences
Manufacturing
+Added: Juarez, Mexico
+Added: Manufacturing
+Added: High Point, North Carolina (1)
+Added: Las Vegas, Nevada (1)
Binh Duong, Vietnam
−Removed: The Company leases showrooms for displaying its products in the furniture markets in High Point, North Carolina and Las Vegas, Nevada.
−Removed: As part of the Company’s network optimization and restructuring activity, it announced the closure of its Riverside, CA and Harrison, AR manufacturing operations and the downsizing of its Huntingburg, IN distribution facilities and continues to look at opportunities for further consolidation based on facility performance and capability.
+Added: (1) The Company vacated a portion of the High Point showroom space and vacated the entire Las Vegas showroom space as of June 30, 2020.
+Added: The Company is still liable for the lease payments through the end of the lease term.
+Added: See Note 2 Leases , included in this Annual Report on Form 10-K for further discussion of the impairment of the right-of-use lease assets.
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.