Invacare 2006 Annual Report Download - page 29

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The company uses forward contracts to help reduce its exposure to exchange rate variation risk. Despite the
company’s efforts to mitigate these risks, however, the company’s revenues and profitability may be materially
adversely affected by exchange rate fluctuations. The company also is exposed to market risk through various
financial instruments, including fixed rate and floating rate debt instruments. The company uses interest swap
agreements to mitigate its exposure to interest rate fluctuations, but those efforts may not adequately protect the
company from significant interest rate risks.
Item 1B. Unresolved Staff Comments.
None
Item 2. Properties.
The company owns or leases its warehouses, offices and manufacturing facilities and believes that these
facilities are well maintained, adequately insured and suitable for their present and intended uses. Information
concerning certain leased facilities of the company as of December 31, 2006 is set forth in Leases and Commitments
in the Notes to the Consolidated Financial Statements of the company included in this report and in the table below:
North American/HME Operations Square Feet
Ownership
Or Expiration
Date of Lease
Renewal
Options Use
Alexandria, Virginia......... 230 September 2007 None Office
Alpharetta, Georgia ......... 11,605 December 2008 None Warehouse and Offices
Arlington, Texas ........... 63,626 April 2008 None Warehouse
Atlanta, Georgia ........... 91,418 February 2008 One (3 yr.) Warehouse and Offices
Delta, British Columbia ...... 12,000 January 2008 One (3 yr.) Warehouse and Offices
Edison, New Jersey ......... 75,291 March 2010 None Warehouse and Offices
Elyria, Ohio
—Taylor Street .......... 251,656 Own — Manufacturing and Offices
—Cleveland Street ........ 141,657 November 2007 One (3 yr.) Warehouse
—One Invacare Way ...... 50,000 Own — Headquarters
—1320 Taylor Street ...... 30,000 January 2010 One (5 yr.) Offices
—1160 Taylor Street ...... 4,800 Own — Warehouse and Offices
Hong Kong, China .......... 600 Month to Month None Offices
Kirkland, Quebec........... 26,196 November 2010 One (5 yr.) Manufacturing,
Warehouse and Offices
Kunshan City, China ........ 52,700 June 2007 One (2 yr.) Manufacturing and Offices
Marlboro, New Jersey ....... 2,800 April 2007 None Office
Mississauga, Ontario ........ 26,530 November 2011 Two (5 yr.) Warehouse and Offices
Morton, Minnesota ......... 26,900 June 2009 Two (4 yr.) Manufacturing,
Warehouse and Offices
North Ridgeville, Ohio....... 152,861 Own — Manufacturing,
Warehouses and Offices
North Ridgeville, Ohio....... 66,724 September 2007 Two (3 yr.) Office
Pharr, Texas .............. 2,672 Month to Month — Warehouse
Pinellas Park, Florida ........ 11,400 Month to Month None Manufacturing and Offices
Reynosa, Mexico ........... 152,256 Own — Manufacturing and Offices
Sacramento, California....... 26,900 May 2008 One (3 yr.) Manufacturing,
Warehouse and Offices
Sanford, Florida............ 117,108 Own — Manufacturing and Offices
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