Equipment Stores
−Removed: As of January 31, 2023, we operated 121 agricultural and construction equipment stores in the United States and Europe in the following locations:
−Removed: Agriculture Segment Construction Segment International Segment Total
+Added: As of January 31, 2024, we operated 148 full service agricultural and construction equipment stores globally in the following locations:
+Added: Agriculture Segment Construction Segment Europe Segment Australia Segment Total
United States
17 unchanged sentences
Ukraine — — 10 — 10
+Added: Australian States
+Added: New South Wales — — — 1 1
+Added: South Australia — — — 4 4
+Added: Victoria — — — 10 10
Total 76 18 39 15 148
Store Lease Arrangements
−Removed: As of January 31, 2023, we leased 67 store facilities with lease arrangements expiring at various dates through February 28, 2031.
+Added: As of January 31, 2024, we leased 76 store facilities with lease arrangements expiring at various dates through April 30, 2042.
Many of our lease agreements include fair market value purchase options, rights of first refusal, lease term extension options, or month-to-month or year-to-year automatic renewal provisions at the conclusion of the original lease period.
3 unchanged sentences
The leases generally require us to indemnify the lessor in connection with any claims arising from the leased premises during our occupation of the property.
−Removed: We believe our facilities are adequate to meet our current and anticipated needs.
−Removed: In recent years, we have been strategically purchasing real estate and financing the purchases with long term debt, to take advantage of low interest rates.
+Added: We believe our owned and leased facilities are adequate to meet our current and anticipated needs.
+Added: In recent years, we have been strategically purchasing real estate of certain dealership locations, and have financed those purchases using long term debt.
We currently own the store facilities for 68 U.S.
−Removed: dealership locations and four Germany dealership locations.
−Removed: We have incurred debt financing and have been granted mortgages on these owned facilities.
+Added: dealership locations, six European dealership locations and one Australian dealership location.
+Added: We have incurred debt financing and have been granted mortgages on most of those owned facilities in connection with incurring such debt financing.
The remainder of our U.S.
4 unchanged sentences
We currently lease and occupy approximately 48,000 square feet in West Fargo, North Dakota for our headquarters and this lease expires on January 31, 2028.
−Removed: We continually review our location needs, including the adequacy of our
−Removed: Table of Conten ts
−Removed: headquarters space, to ensure our space is sufficient to support our operations.
+Added: We continually review our location needs, including the adequacy of our headquarters space, to ensure our space is sufficient to support our operations.
We believe there is ample opportunity for expansion in our West Fargo headquarters facility if necessary.
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.