Quanex Building Products CORP 10-K

Item 2. Properties. The following table lists our principal properties by location, general character and use as of October 31, 2022. Location Character & Use of Property Executive Offices Houston, Texas* Executive corporate office North American Fenestration Segment Akron, Ohio* Segment executive office and R&D facility Rice Lake, Wisconsin Fenestration products Cambridge, Ohio* Flexible spacer and solar adhesives Richmond, Kentucky Vinyl and composite extrusions Kent, Washington* Vinyl and composite extrusions European Fenestration Segment Denby, United Kingdom* Vinyl and composite extrusions Heinsberg, Germany* Flexible spacer North American Cabinet Components Segment St. Cloud, Minnesota Hardwood doors & components for kitchen and bath * These locations are leased as of October 31, 2022. In addition to the locations identified above, our North American Fenestration Segm ent maintains 14 additional facilities for the manufacture and distribution of fenestration, spacer and extrusion products within the continental U.S., our European Fenestration Segment maintains one additional location for the production of spacer in the U.K., and our North American Cabinet Components Segment maintains 11 locations to manufacture hardwood doors and other wood components for kitchen and bath cabinets. See Note 1, “Nature of Operations, Basis of Presentation and Significant Accounting Po licies - Restructuring,” to the accompanying consolidated financial statements included elsewhere in this Annual Report on Form 10-K. We believe our operating properties are in good condition and well maintained, and are generally suitable and adequate to carry on our business. In fiscal 2022, on a consolidated basis, our facilities operated at approximately 58% of machi ne capacity. This capacity utilization is subject to variability by product line, seasonality, location, labor shortages and supply chain interruptions.