OSI SYSTEMS INC 10-K

ITEM 2. PROPERTIES As of June 30, 2020, we owned the following principal facilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Approximate ​ ​ ​ ​ Square Location Description of Facility Footage Hawthorne, California Corporate headquarters and administrative, manufacturing, engineering, sales and marketing and service for our Optoelectronics and Manufacturing division 88,000 Billerica, Massachusetts Manufacturing, engineering, sales and marketing and service for our Security division 186,200 Snoqualmie, Washington Headquarters and administrative, manufacturing, engineering, sales, marketing and service for our Healthcare division 177,000 Stoke on Trent, United Kingdom Manufacturing, engineering, sales, marketing and service for our Security division 90,000 Surrey, United Kingdom Manufacturing, engineering, sales, marketing and service for our Security division 59,000 Batam, Indonesia Manufacturing for our Optoelectronics and Manufacturing division 56,700 ​ As of June 30, 2020, we leased the following principal facilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Approximate ​ Location Description of Facility Square Footage Expiration Johor Bahru, Malaysia Manufacturing, engineering, sales and service for our Security division 167,600 2021 ~ 2022 Johor Bahru, Malaysia Manufacturing, engineering, sales and service for our Optoelectronics and Manufacturing division 110,100 2022 ~ 2024 Batam, Indonesia (1) Manufacturing for our Optoelectronics and Manufacturing division 84,200 2022 ~ 2023 Torrance, California Manufacturing, engineering, sales and marketing and service for our Security division 91,900 2022 Andover, Massachusetts Manufacturing, engineering, sales and marketing and service for our Security division 64,200 2027 (1) This is comprised of multiple leases, at the same or nearby facilities. We believe that our facilities are in adequate condition to support our current operations but expect to expand as necessary to support our future growth. We currently anticipate that we will be able to renew the leases that are scheduled to expire in the next few years on terms that are substantially the same as those currently in effect. However, even if we were not able to renew one or more of the leases, we believe that suitable substitute space is available to relocate any of the facilities. Accordingly, we do not believe that our failure to renew any of the leases that are scheduled to expire in the next few years will have a material adverse effect on our operations. ​ 49 Table of Contents