Our principal executive office is currently located at 1001 Brickell Bay Drive, Floor 30, Miami, Florida 33131.
−Removed: The lease on this premise covers 10,896 square feet and expires June 30, 2020.
−Removed: We also have offices in Atlanta, Chicago, New York City, Philadelphia, Portland, Frankfurt, London, Montevideo and Hyderabad.
−Removed: As of December 27, 2019, we had operating leases that expire on various dates through March 2028.
−Removed: We believe that we will be able to obtain suitable new or replacement space as needed.
+Added: As of January 1, 2021, we had operating leases that expire on various dates through June 2024.
+Added: During the fourth quarter of 2020, as a result of and in consideration of the COVID-19 pandemic, and the changing nature of the Company’s use of office space for its workforce, the Company evaluated its existing office space leases as part of its transformation initiatives related to real estate.
+Added: This evaluation resulted in the complete and partial abandonment of certain leased office spaces and an asset impairment charge for certain lease right-of-use assets and certain property, equipment and leasehold improvements for impairment.
We do not own real estate and do not intend to invest in real estate or real estate-related 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.