ITRI » Topics » ITEM 2: PROPERTIES

This excerpt taken from the ITRI 10-K filed Feb 24, 2006.

ITEM 2:    PROPERTIES

In Spokane, Washington, we have approximately 141,000 square feet of owned space for our headquarters and various product development and service operations. We sublease approximately 30,000 square feet of that facility to a subcontract manufacturer in which we have a minority ownership interest, and who manufactures most of our low volume hardware products. In Waseca, Minnesota, we lease approximately 72,000 square feet and own a 38,000 square foot portion of the same building, comprised of manufacturing and engineering space on leased land, which is included in the leased square footage in the table below. In Oconee, South Carolina, our primary manufacturing facility for electricity meters, we own approximately 326,000 square feet of space. For software operations, primarily product development and related services, we lease approximately 52,000 square feet in Raleigh, North Carolina, approximately 24,000 square feet in Oakland, California and approximately 14,000 square feet in San Diego, California. In addition, we have approximately 124,000 square feet of leased space in various cities in North America for sales and service. Our international sales, service and operations lease offices in Australia, Mexico, Taiwan, Qatar and several European countries.

In the second quarter of 2005, we sold approximately 86,000 square feet of space we owned for manufacturing in Trois-Rivieres, Canada.

On December 30, 2005, we completed the purchase of a building in Liberty Lake, Washington. The building consists of approximately 198,000 square feet and will be our future headquarters commencing in the third quarter of 2006 upon the completion of some improvements. Our existing 141,000 square foot headquarters in Spokane will be listed for sale.

 

United States and Canada

  

Square

footage

   

Description

Own

   665,000    

Headquarters, manufacturing, engineering, marketing, sales, service and operations

Lease

   324,000     Manufacturing, engineering, sales, service and operations

Sublease

   (58,000 )   Various locations

International

          

Lease

   51,000     Sales, service and operations

The above facilities are in good condition and we believe our current manufacturing and other properties will be sufficient to support our operations for the foreseeable future.

This excerpt taken from the ITRI 10-K filed Mar 11, 2005.

ITEM 2:    PROPERTIES

 

In Spokane, Washington, we have approximately 141,000 square feet of owned space for our headquarters and various product development and service operations. We sublease approximately 30,000 square feet of that facility to a subcontract manufacturer, in which we have a minority ownership interest, and who manufactures most of our low volume hardware products. In Waseca, Minnesota, we lease approximately 120,000 square feet. We own a building comprised of approximately 38,000 square feet of manufacturing and engineering space on the leased land in Waseca, Minnesota, which is included in the leased square footage in the table below. In Oconee, South Carolina, our primary manufacturing facility for electricity meters, we own approximately 326,000 square feet of space. In Trois-Rivieres, Canada, we own approximately 86,000 square feet of space used for manufacturing. We intend to sell the Trois-Rivieres facility when the relocation of the manufacturing operations is complete. For software operations, primarily product development and related services, we lease approximately 52,000 square feet in Raleigh, North Carolina, approximately 28,000 square feet in Alameda, California and approximately 14,000 square feet in San Diego, California. In addition, we have approximately 143,000 square feet of leased space in various cities in North America for sales and service. Our international sales, service and operations lease offices in Australia, Mexico, Taiwan and several European countries.

 

United States and Canada


   Square
footage


   

Description


Own

   553,000    

Headquarters, manufacturing, engineering, marketing, sales, service and operations

Lease

   357,000     Manufacturing, engineering, sales, service and operations

Sublease

   (45,000 )   Various locations

International


          

Lease

   71,000     Sales, service and operations

Sublease

   (2,200 )   Australia

 

The above facilities are in good condition and we believe our current manufacturing and other properties will be sufficient to support our operations for the foreseeable future.

 

This excerpt taken from the ITRI 10-K filed Feb 7, 2005.

ITEM 2: PROPERTIES

 

Our headquarters consist of approximately 141,000 square feet of owned space in Spokane, Washington. We sublease approximately 30,000 square feet of our headquarters to a subcontract manufacturer in which we have a 30% ownership interest. In Waseca, Minnesota, we lease 106,000 square feet of manufacturing and engineering space. In Raleigh, North Carolina, we lease approximately 52,000 square feet for sales, product development and service. In addition, we have approximately 171,000 square feet of leased space in various cities in North America for sales and service. Our International business unit leases sales, service and operations offices located in Australia and Europe.

 

United States and Canada


     Square
footage


    

Description


Own

     141,000      Headquarters, engineering, marketing, sales, service and operations

Lease

     329,000      Manufacturing, engineering, sales, service and operations

Sublease

     (63,000 )    Various locations

International


             

Lease

     9,900      Sales, service and operations

Sublease

     (2,200 )    Australia

 

The above facilities are in good condition and we believe our current manufacturing and other properties will be sufficient to support our operations for the foreseeable future.

 

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