−Removed: Except for two campus facilities which we own, our campus and administrative facilities are leased.
+Added: Except for one campus facility which we own, our campus and administrative facilities are leased.
The Company’s corporate headquarters is located at 2303 Dulles Station Blvd., Herndon, VA 20171.
4 unchanged sentences
We did not open any new campuses in the U.S.
−Removed: New locations in the U.S.
−Removed: will continue to incorporate a new smaller cost-efficient design intended to service a student body that values a brick and mortar presence, even while taking an increasing number of their courses online.
+Added: Any new locations in the U.S.
+Added: will continue to incorporate a smaller cost-efficient design intended to service a student body that values a brick and mortar presence, even while taking an increasing number of their courses online.
Our leases generally range from three to fifteen years with one to two renewal options for extended terms.
1 unchanged sentence
In 2023, we reduced our leased and owned facility footprint by approximately 90,000 square feet, primarily due to lease terms expiring, by reducing the size of existing facilities at the time of lease renewal, or through the sale of owned campuses.
−Removed: The facilities that we own consist of approximately 40,000 square feet.
+Added: The facility that we own consists of approximately 20,000 square feet.
For more information regarding our ongoing lease commitments, see Note 7, Leases, in the consolidated financial statements appearing in Part II, Item 8 of this report.
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.