What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2021-02-26 compared with 2020-02-27 · 6 added, 33 removed, 6 unchanged (87% of the section changed)

In 2020, the Company operated in 23 states in the U.S., China, Canada and the Netherlands.

At December 31, 2020, the Company leased approximately 7.6 million square feet of manufacturing, distribution and corporate facilities and owned approximately 2.8 million square feet, as listed below.

Manufacturing

Manufacturing & Distribution

Manufacturing

Manufacturing & Distribution

Manufacturing

Manufacturing & Distribution

Manufacturing

North Carolina

Manufacturing

North Carolina

The Netherlands

Manufacturing

South Carolina

Manufacturing

Purpose / Nature # of Properties Square Footage # of Properties Square Footage

Manufacturing 105 5,623,000 31 1,950,000

Distribution 42 1,302,000 13 521,000

Manufacturing & Distribution (shared space) 3 567,000 1 94,000

Corporate & Other 16 102,000 2 210,000

Corporate/Administrative Offices

Design Center & Showrooms

Total square footage

Pursuant to the terms of the Company’s 2019 Credit Agreement, all owned real property subject to the existing security documents is subject to a security interest.

The Company's leased properties have lease expiration dates ranging from 2020 to 2030.

The Company's leased properties have lease expiration dates ranging from 2021 to 2030, with the exception of one property with a lease term expiring in 2039.

Patrick believes the facilities occupied as of December 31, 2020 are adequate for the purposes for which they are currently being used and are well-maintained.

The Company may, as part of its strategic operating plan, further consolidate and/or close certain owned facilities and may not renew leases on property with near-term lease expirations.

Use of its manufacturing and distribution facilities may vary with seasonal, economic, and other business conditions.

Use of our manufacturing and distribution facilities may vary with seasonal, economic, and other business conditions.

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.

What changed 10-K

Item 2. Properties