Dorman Products Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
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FY2023 · Filed Feb 28, 2024
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ITEM 2. Properties
Facilities
As of December 31, 2023, we had 41 warehouse and office facilities located throughout the United States, Canada, China, Taiwan and India. Five of these facilities are owned and the remainder are leased. Our principal facilities are as follows:
| Location · Description · Size · Ownership | |||||
|---|---|---|---|---|---|
| Portland, TN | Warehouse and office | 997,310 | sq. ft. | Leased | |
| Whiteland, IN | Warehouse and office | 827,180 | sq. ft. | Leased | |
| Warsaw, KY | Warehouse and office | 710,500 | sq. ft. | Owned | |
| Colmar, PA | Corporate headquartersWarehouse and office | 342,000 | sq. ft. | Leased | (1) |
| Madison, IN | Warehouse and office | 333,000 | sq. ft. | Leased | (3) |
| Shiremanstown, PA | Warehouse and office | 318,872 | sq. ft. | Leased | |
| Durant, OK | Warehouse and office | 208,000 | sq. ft. | Owned | |
| Lewisberry, PA | Warehouse and office | 170,500 | sq. ft. | Leased | (2) |
| Madison, IN | Warehouse | 145,000 | sq. ft. | Leased | (3) |
| Las Vegas, NV | Warehouse and office | 122,071 | sq. ft. | Leased | |
| Jiangsu Province, China | Warehouse and office | 105,911 | sq. ft. | Leased | |
| Harrisburg, PA | Warehouse and office | 101,750 | sq. ft. | Leased | |
| Harrisburg, PA | Manufacturing Facility | 101,132 | sq. ft. | Owned | |
| Lewisville, TX | Warehouse and office | 101,029 | sq. ft. | Leased | |
| Franklin, KY | Warehouse | 100,000 | sq. ft. | Leased | |
| Louisiana, MO | Warehouse and office | 90,000 | sq. ft. | Owned | |
| Warsaw, KY | Warehouse | 80,000 | sq. ft. | Leased | |
| Shreveport, LA | Warehouse and office | 65,000 | sq. ft. | Leased | (3) |
| Reno, NV | Warehouse and office | 54,354 | sq. ft. | Leased | |
| Kankakee, IL | Manufacturing Facility | 53,574 | sq. ft. | Owned | |
| Sanford, NC | Warehouse and office | 52,500 | sq. ft. | Leased | |
| Jacksonville, FL | Warehouse and office | 52,080 | sq. ft. | Leased | |
(1)Prior to December 1, 2023, we leased the Colmar facility from a partnership of which our Non-Executive Chairman, Steven L. Berman, and certain of his family members are owners. The building was sold by the partnership to a third party effective December 1, 2023. Under this lease agreement, we paid rent of $2.9 million in fiscal 2023. The rent payment will be adjusted on January 1 of each year to reflect annual changes in the Consumer Price Index for All Urban Consumers - U.S. City Average, All Items. This lease was renewed during December 2022, effective as of January 1, 2023, and will expire on December 31, 2027.
(2)We lease one of our two Lewisberry facilities (consisting of approximately 142,500 square feet) from a limited liability company of which our Non-Executive Chairman, Steven L. Berman, and certain of his family members are owners. Under this lease agreement, we paid rent of $0.7 million in fiscal 2023. The rent payable will be increased by 3% on July 1 st of each year. This lease commenced in September 2020 and will expire on December 31, 2027.
(3)We lease two facilities in Madison and one facility in Shreveport (consisting of an aggregate of approximately 543,000 square feet) from limited liability companies in which Ms. Lindsay Hunt, our President and Chief Executive Officer, Specialty Vehicles, and members of her family are owners. Under the three lease agreements, we paid aggregate rent of $2.6 million in fiscal 2023. The rent payable under each lease will increase by 2% on October 4 th of each year. Each of the three leases commenced in October 2022 in connection with the SuperATV acquisition and will expire on October 4, 2027.
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