Item 2. Properties
ITEM 2. PROPERTIES
As of June 30, 2024, we owned the following principal facilities:
Approximate
Square
Location
Description of Facility
Footage
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
Batam, Indonesia
Manufacturing for our Optoelectronics and Manufacturing division
93,500
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
As of June 30, 2024, we leased the following principal facilities:
Approximate
Location
Description of Facility
Square Footage
Expiration
Hawthorne, California
Corporate headquarters and administrative, manufacturing, engineering, sales and marketing and service for our Optoelectronics and Manufacturing division
88,000
2027
Johor Bahru, Malaysia(1)
Manufacturing, engineering, sales and service for our Security division
167,600
2025
Johor Bahru, Malaysia(1)
Manufacturing, engineering, sales and service for our Optoelectronics and Manufacturing division
110,100
2024 ~ 2025
Torrance, California
Manufacturing, engineering, sales and marketing and service for our Security division
91,900
2027
Batam, Indonesia (1)
Manufacturing for our Optoelectronics and Manufacturing division
101,100
2024 ~ 2028
Andover, Massachusetts
Manufacturing, engineering, sales and marketing and service for our Security division
64,200
2027
Tecate, Mexico
Manufacturing for our Optoelectronics and Manufacturing division
60,200
2028
(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 anticipated 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.
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