Ultra Clean Holdings Inc
For the period ended Mar 29, 2024. Filed May 6, 2024.
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Mar 29, 2024 · Filed May 6, 2024
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Leases
- LEASES
The Company leases offices, facilities and equipment in locations throughout the United States, Asia Pacific and EMEA.
In the three month period ended March 29, 2024, the Company commenced a 10-year lease of manufacturing space in Austin, Texas, with a single 7-year renewal option at lease end. Additionally, the Company’s subsidiary in Czech Republic entered into 8-year lease of additional manufacturing and office space. As a result, $16.8 million additions were made to
- 19 - the operating lease right-of-use assets and to the operating lease liabilities in the Company’s Condensed Consolidated Balance Sheet.
Except as described above, there have been no material changes to the Company's operating lease commitments during the three months ended March 29, 2024.
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