Item 2. Properties
Item 2. Properties .
Our principal executive office is located in Dothan, Alabama, in a building that we own. As of December 9, 2020, we operated (i) 46 HMA plants in Alabama, Florida, Georgia and North Carolina, (ii) nine quarries in Alabama, Georgia and Florida, and (iii) one liquid asphalt terminal in Florida. Our HMA plants operate at varying levels of utilization depending on market conditions. We maintain offices at our HMA plants and quarries as we determine to be appropriate under the circumstances. We consider our plants and other physical properties, whether owned or leased, to be suitable, adequate, and of sufficient productive capacity to meet the requirements of our business. However, we routinely evaluate the purchase or lease of additional properties or the consolidation of our properties as our business needs change.
The table below summarizes the locations and the nature of our ownership or leasehold interest in each of our asphalt plants and quarries. We own our liquid asphalt terminal.
Asphalt Plants Quarries
Location Owned Leased Owned Leased
Alabama 8 6 3 2
Florida 9 1 1 —
Georgia 5 1 1 2
North Carolina 6 10 — —
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