−Removed: During fiscal year 2019, we purchased an office building in Addison, Texas, which contains approximately 78,000 square feet of office space.
−Removed: The building is currently undergoing renovation in order to prepare it for use as our corporate headquarters.
−Removed: We also lease approximately 43,000 square feet of office space located in Dallas, Texas under an operating lease with a third-party landlord.
+Added: We own a 78,000 square foot office building in Addison, Texas, which we use as our corporate headquarters and global support center.
All company-owned restaurants are leased by us, typically under five- to ten-year leases with one or two five-year renewal options, often contain rent escalation provisions, and generally require us to pay a proportionate share of real estate taxes, insurance and common area and other operating costs in addition to base or fixed rent.
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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.