We lease the Pool Corporation corporate offices, which consist of approximately 60,000 square feet of office space in Covington, Louisiana, from an entity in which we have a 50 % ownership interest.
−Removed: We own five sales center facilities in Florida, three in Texas, one in Alabama, one in California, one in Georgia and one in Tennessee.
+Added: We own fourteen sales center facilities, which includes six sales center facilities in Florida, three in Texas, and one in each of Alabama, California, Georgia, Mississippi and Tennessee.
As part of our acquisition of Porpoise Pool & Patio, Inc.
in December 2021, we own the corporate headquarters and the Sun Wholesale Supply, Inc.
−Removed: facilities located in Florida.
+Added: facilities located in Florida, which consist of approximately 200,000 square feet.
+Added: We also acquired a chemical packaging plant in Florida, which is approximately 105,000 square feet.
We lease all of our other properties and the majority of our leases have three to seven year terms.
−Removed: As of December 31, 2021, we had twenty-one leases with remaining terms longer than seven years that expire between 2029 and 2036.
+Added: As of December 31, 2022, we had twenty-eight leases with remaining terms longer than seven years that expire between 2030 and 2036.
Most of our leases contain renewal options, some of which involve rent increases.
3 unchanged sentences
We believe that our facilities are well maintained, suitable for our business and occupy sufficient space to meet our operating needs.
−Removed: As part of our normal business, we regularly evaluate sales center performance and site suitability and may relocate a sales center or consolidate two locations if a sales center is redundant in a market, underperforming or otherwise deemed unsuitable.
+Added: As part of our normal business, we regularly evaluate sales center performance and site suitability and may relocate a sales center or consolidate multiple locations if a sales center is redundant in a market, underperforming or otherwise deemed unsuitable.
We do not believe that any single lease is material to our operations.
1 unchanged sentence
Network 12/31/21 New
−Removed: Locations Closed/Consolidated
−Removed: Locations (1)
−Removed: Locations 12/31/21
+Added: Locations Closed
+Added: Location 12/31/22
193 2 — 1 196
1 unchanged sentence
Horizon 84 5 (1) — 88
−Removed: 21 — (1) — 20
Total Domestic 367 9 (1) 1 376
1 unchanged sentence
Total 410 10 (1) 1 420
−Removed: (1) Consolidated sales centers are those locations where we expect to transfer the majority of the existing business to our nearby sales center locations.
−Removed: (2) Acquired locations includes one distribution location for Sun Wholesale Supply, Inc., which we acquired in December 2021.
+Added: (1) Total includes one distribution location for Sun Wholesale Supply, Inc., which we acquired in December 2021.
As part of the acquisition, we also acquired non-sales center properties including a chemical packaging plant and three Pinch A Penny, Inc.
5 unchanged sentences
California 28 24 19 6 77
+Added: Florida 39 5 17 1 62
Texas 26 5 20 4 55
Arizona 7 8 9 2 26
+Added: Washington 3 — 8 — 11
Georgia 7 2 — 1 10
+Added: North Carolina 5 2 2 1 10
Tennessee 6 4 — — 10
1 unchanged sentence
New York 9 — — — 9
−Removed: Washington 3 — 6 — 9
New Jersey 5 2 — — 7
−Removed: North Carolina 4 2 1 — 7
Pennsylvania 5 1 — 1 7
1 unchanged sentence
Alabama 4 2 — — 6
+Added: Louisiana 5 — — 1 6
Illinois 4 1 — — 5
Indiana 2 3 — — 5
−Removed: Louisiana 5 — — — 5
Oregon 1 — 4 — 5
12 unchanged sentences
Mississippi 2 — — — 2
+Added: Wisconsin 1 1 — — 2
Hawaii 1 — — — 1
6 unchanged sentences
Utah 1 — — — 1
−Removed: Wisconsin — 1 — — 1
+Added: West Virginia 1 — — — 1
Total United States 196 73 88 19 376
14 unchanged sentences
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.