Item 2 — Properties
−Removed: We own or lease five principal production facilities.
+Added: We own or lease five principal production facilities, one of which is currently classified as held for sale.
Our primary processing and distribution facility is located at our Elgin, Illinois site which also houses our primary manufacturing operations and corporate headquarters (the “Elgin Site”).
9 unchanged sentences
Bainbridge, Georgia
−Removed: Owned and Leased
Peanut shelling, purchasing, processing, packaging, warehousing and distribution
Garysburg, North Carolina (1)
−Removed: Peanut shelling, purchasing, warehousing and distribution
+Added: Formerly used for peanut shelling, purchasing, warehousing and distribution
Selma, Texas (2)
9 unchanged sentences
warehousing, distribution and corporate offices
+Added: After the fire that occurred at our Garysburg facility during fiscal 2020, the Company considered strategic alternatives for the facility and decided to cease all operations permanently at the end of fiscal 2021.
+Added: As of June 24, 2021, the facility and its related assets have been reclassified as held for sale on the Consolidated Balance Sheets.
+Added: See Note 19 — “Garysburg, North Carolina Facility” to the Consolidated Financial Statements.
The sale and lease back of the Selma properties to related party partnerships was consummated in fiscal 2007.
11 unchanged sentences
The Elgin Site was designed to minimize the risk of cross contamination between tree nuts and peanuts.
−Removed: As currently configured, the Elgin Site can accommodate an increase in production capacity of 15% to 25% of our current capacity, however certain production lines are at full capacity.
−Removed: Additional space may be needed to fulfill any meaningful increases in future demand for the products produced on these lines.
−Removed: The Selma facility contains our automated pecan shelling and bulk packaging operation.
+Added: As currently configured, the Elgin Site can accommodate an increase in production capacity of 15% to 20% of our current capacity, however certain production lines are at full capacity, and finished good storage space is nearing full capacity during peak shipping periods.
+Added: Additional storage and production space may be needed to fulfill any meaningful increases in future demand.
+Added: The Selma facility is used for our automated pecan shelling, packaging, bulk packaging, warehousing and distribution operations.
The facility’s pecan shelling production lines currently have the capacity to shell in excess of 90 million inshell pounds of pecans annually.
During fiscal 2021, we processed approximately 33 million inshell pounds of pecans at the Selma facility.
−Removed: The quantity of pecans processed varies depending on the amount of inshell nuts purchased due to, among other things, the size and cost of the crop, the impact of international demand, and expected demand based on our current sales forecast.
−Removed: The Bainbridge facility is located in the largest peanut producing region in the United States.
+Added: The quantity of pecans processed varies depending on the amount of inshell nuts purchased due to, among other things, commodity acquisition cost risk, the size and cost of the crop, the impact of international demand and expected demand based on our current sales forecast.
+Added: The Bainbridge facility is located in the largest peanut producing region in the United States and is used for peanut shelling and peanut butter production.
This facility takes direct delivery of farmer stock peanuts and cleans, shells, sizes, inspects, blanches, roasts and packages them for sale to our customers.
1 unchanged sentence
During fiscal 2021, the Bainbridge facility shelled approximately 89 million inshell pounds of peanuts.
−Removed: The Garysburg facility has the capacity to process approximately 60 million inshell pounds of farmer stock peanuts annually.
−Removed: During fiscal 2020, the Garysburg facility processed approximately 13 million inshell pounds of peanuts.
−Removed: Due to a fire that occurred at our Garysburg facility during fiscal 2020, the Company considered strategic alternatives for the facility and currently plans to cease operations at the Garysburg facility permanently in fiscal 2021.
−Removed: See Note 20 — “Garysburg, North Carolina Facility” of the Notes to Consolidated Financial Statements for additional detail.
−Removed: The Gustine facility is used for walnut shelling, processing, packaging, warehousing and distribution.
+Added: The Gustine facility is used for walnut shelling, pasteurization, processing, bulk packaging, warehousing and distribution.
This facility has the capacity to shell in excess of 60 million inshell pounds of walnuts annually.
During fiscal 2021, the Gustine facility shelled approximately 28 million inshell pounds of walnuts.
−Removed: The quantity of walnuts shelled will vary depending on the amount of inshell nuts purchased due to, among other things, the size and cost of the crop, the impact of international demand, and expected demand based on our current sales forecast.
+Added: The quantity of walnuts shelled will vary depending on the amount of inshell nuts purchased due to, among other things, commodity acquisition cost risk, the size and cost of the crop, the impact of international demand, and expected demand based on our current sales forecast.
+Added: The Garysburg facility had the capacity to process approximately 60 million inshell pounds of farmer stock peanuts annually.
+Added: During fiscal 2021, the Garysburg facility processed approximately 5 million inshell pounds of peanuts.
+Added: Due to a fire that occurred at our Garysburg facility during fiscal 2020, the Company considered strategic alternatives for the facility and decided to cease all operations permanently at the facility by the end of fiscal 2021.
+Added: See Note 19 — “Garysburg, North Carolina Facility” of the Notes to Consolidated Financial Statements for additional detail regarding the facility and the Company’s plan to sell these assets.
The Bainbridge, Selma and Gustine facilities are equipped to handle the processing, packaging, warehousing and distribution, and in the case of our Bainbridge facility, the purchasing of nuts.
2 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.