HOOKER FURNISHINGS Corp 10-K

ITEM 2. PROPERTIES Set forth below is information with respect to our principal properties on April 14, 2023. We believe all of these properties are well-maintained and in good condition. During fiscal 2023, we estimate our upholstery plants operated at approximately 87% of capacity on a one-shift basis. All our production facilities are equipped with automatic sprinkler systems. All facilities maintain modern fire and spark detection systems, which we believe are adequate. We have leased certain warehouse facilities for our distribution and import operations, typically on a short or medium-term basis. We expect that we will be able to renew or extend these leases or find alternative facilities to meet our warehousing and distribution needs at a reasonable cost. All facilities set forth below are active and operational, representing in the aggregate approximately 3.8 million square feet of owned space, leased space or properties utilized under third-party operating agreements. Location Segment Use Primary Use Approximate Size in Square Feet Owned or Leased Martinsville, VA All segments Corporate Headquarters, Distribution, Manufacturing and Warehousing 1,595,151 Owned / Leased High Point, N.C. All segments Office and Showrooms 247,857 Leased Midway, GA HM, DU Warehouse 1,006,880 Leased Bedford, VA DU Manufacturing and Offices 327,000 Owned Hickory, N.C. DU Manufacturing and Offices 166,000 Owned Mt. Airy, N.C. DU Manufacturing and warehousing 104,150 Leased Valdese, N.C. DU Manufacturing and warehousing 102,905 Leased Cherryville, N.C. DU Manufacturing Supply Plant 53,000 Owned Vista, CA DU Manufacturing and Offices 38,353 Leased Las Vegas, NV HB, DU, AO Showrooms 14,428 Leased Ho Chi Minh City, VN HB, HM Office, Warehouse and Distribution 108,364 Leased Dongguan, China HB, HM Office 1,855 Leased HB=Hooker Branded, HM=Home Meridian, DU=Domestic Upholstery