ARGAN INC

Our corporate headquarters are in Arlington, Virginia, where we lease office space.

Our Power segment owns and occupies a three-story office building in Glastonbury, Connecticut, which serves as its U.S. headquarters. The international operations of our Power segment owns two floors and leases an additional floor of an office building located in Limerick, Ireland, which serves as its headquarters. In addition, it owns an operations support facility in Nenagh, Ireland, that includes approximately 10,663 square feet of warehouse space and a small amount of office space. It also leases office space in a building located in Derby, England.

Our Industrial segment owns and occupies an industrial fabrication and warehouse facility (approximately 90,000 square feet), which includes office space, where it is headquartered in Winterville, North Carolina. In addition, the segment leases several offices that are located nearby.

Our Teledata segment is headquartered in Tracys Landing, Maryland, where it leases facilities that include approximately five acres of land, a 2,400 square foot maintenance facility, and office space. The segment also leases office space and warehouse space (approximately 11,460 square feet) in Hampton, Virginia.

We believe our owned and leased properties are adequate to support our current operations. Our operations in the field may require us to occupy additional facilities for project support, staging, or work performed at or near customer premises or job sites. Accordingly, we may lease local office space, construction offices on or near job sites, storage yards for equipment and materials, and temporary housing units under short-term arrangements. These costs are expensed as incurred and are included primarily in the cost of revenues.