−Removed: Our headquarters is located in Troy, Michigan, where corporate, subsidiary and divisional offices are currently located.
−Removed: The original headquarters building was purchased in 1977.
−Removed: Headquarters operations were expanded into additional buildings purchased in 1991, 1997 and 2001, providing approximately 345,000 square feet of combined usable floor space.
−Removed: As of December 29, 2019, three of our headquarters properties, totaling approximately 310,000 square feet, are held for sale, with the sale expected to take place in the first quarter of 2020.
−Removed: The main headquarters building included in the sale will be leased back.
−Removed: Branch office business is conducted in leased premises with the majority of leases being fixed for terms of generally three to five years in the U.S.
−Removed: and Canada and five to ten years outside the U.S.
−Removed: We own virtually all of the office furniture and the equipment used in our corporate headquarters and branch offices.
+Added: Our headquarters is located in Troy, Michigan where corporate, subsidiary and divisional offices operate from both leased and owned facilities.
+Added: Our remaining business operations in the U.S., as well as our international locations, are conducted in leased facilities.
+Added: During 2020, as the result of COVID-19, the majority of our internal employees have also conducted business remotely as the result of governmental orders or our internal policies designed to protect the health and safety of our employees.
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.