FLEXSTEEL INDUSTRIES INC 10-K

Item 2. Properties The Company owns the following facilities as of June 30, 2020: Approximate Location Size (square feet) Principal Operations Harrison, Arkansas (1) 221,000 Manufacturing (Held for Sale) Dublin, Georgia 315,000 Manufacturing Huntingburg, Indiana 611,000 Distribution Dubuque, Iowa (1) 250,000 Manufacturing (Held for Sale) Dubuque, Iowa 40,000 Corporate Office Edgerton, Kansas 500,000 Distribution Starkville, Mississippi (1) 349,000 Manufacturing (Held for Sale) Lancaster, Pennsylvania (2) 216,000 Distribution (1) Facilities are classified as held for sale as of June 30, 2020. See Note 6 Assets Held for Sale, included in this Annual Report on Form 10-K for disclosure of the assets held for sale. The Company has two facilities in Harrison, Arkansas, one facility was sold on August 14, 2020. (2) Subsequent to June 30, 2020, the facility was placed for sale. The total net book value of the Lancaster property was $0.8 million as of June 30, 2020. 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: Approximate Location Size (square feet) Principal Operations Riverside, California 211,000 Distribution Louisville, Kentucky 10,000 Administrative Offices Juarez, Mexico 225,000 Manufacturing Juarez, Mexico 131,000 Manufacturing High Point, North Carolina (1) 62,000 Showroom Las Vegas, Nevada (1) 30,000 Showroom Binh Duong, Vietnam 51,000 Warehouse (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. The Company is still liable for the lease payments through the end of the lease term. 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.