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 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.
+Added: We own fifteen sales center facilities, which includes six sales center facilities in Florida, three in Texas, two in Alabama, and one in each of California, Georgia, Mississippi and Tennessee.
As part of our acquisition of Porpoise Pool & Patio, Inc.
−Removed: in December 2021, we own the corporate headquarters and the Sun Wholesale Supply, Inc.
−Removed: facilities located in Florida, which consist of approximately 200,000 square feet.
−Removed: We also acquired a chemical packaging plant in Florida, which is approximately 105,000 square feet.
+Added: in December 2021, we own the corporate headquarters, which consist of approximately 46,000 square feet, and the Sun Wholesale Supply facilities located in Florida, which consist of approximately 209,000 square feet.
+Added: As part of this acquisition, we also acquired a chemical re-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, 2022, we had twenty-eight leases with remaining terms longer than seven years that expire between 2030 and 2036.
+Added: As of December 31, 2023, we had twenty-two leases with remaining terms longer than seven years that expire between 2031 and 2036.
Most of our leases contain renewal options, some of which involve rent increases.
In addition to minimum rental payments, which are set at competitive rates, certain leases require reimbursement for taxes, maintenance and insurance.
+Added: We do not believe that any single lease is material to our operations.
Our sales centers range in size from approximately 2,000 square feet to 95,000 square feet and generally consist of warehouse, counter, display and office space.
13 unchanged sentences
Total 420 14 — 5 439
−Removed: (1) Total includes one distribution location for Sun Wholesale Supply, Inc., which we acquired in December 2021.
−Removed: As part of the acquisition, we also acquired non-sales center properties including a chemical packaging plant and three Pinch A Penny, Inc.
+Added: (1) Total includes one distribution location for Sun Wholesale Supply, which we acquired in December 2021.
+Added: As part of the acquisition, we also acquired non-sales center properties including a chemical re-packaging plant and three Pinch A Penny, Inc.
retail stores in Florida.
(2) In addition to the stand-alone NPT sales centers, there are over 100 SCP and Superior locations that have consumer showrooms and serve as stocking locations that feature NPT brand tile and composite finish products.
−Removed: The table below identifies the number of sales centers in each state, territory or country by distribution network as of December 31, 2022:
+Added: The tables below identify the number of sales centers in each state, territory or country by distribution network as of December 31, 2023:
Location SCP Superior Horizon NPT Total
10 unchanged sentences
New York 9 — — — 9
+Added: Alabama 5 2 — — 7
New Jersey 5 2 — — 7
1 unchanged sentence
Virginia 3 1 3 — 7
−Removed: Alabama 4 2 — — 6
Louisiana 5 — — 1 6
3 unchanged sentences
South Carolina 4 1 — — 5
+Added: Colorado 1 2 1 — 4
Missouri 3 1 — — 4
2 unchanged sentences
Arkansas 3 — — — 3
−Removed: Colorado — 2 1 — 3
Idaho 1 — 2 — 3
+Added: Massachusetts 3 — — — 3
Connecticut 2 — — — 2
Kansas 2 — — — 2
−Removed: Massachusetts 2 — — — 2
Michigan 2 — — — 2
8 unchanged sentences
New Mexico 1 — — — 1
+Added: North Dakota 1 — — — 1
Puerto Rico 1 — — — 1
2 unchanged sentences
Total United States 205 74 92 21 392
+Added: Location SCP Superior Horizon NPT Total
International
4 unchanged sentences
Portugal 3 — — — 3
+Added: Italy 2 — — — 2
Spain 2 — — — 2
2 unchanged sentences
Germany 1 — — — 1
−Removed: Italy 1 — — — 1
United Kingdom 1 — — — 1
2 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.