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10-Q Filing

WW INTERNATIONAL, INC. CIK: 105319 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001193125-17-165597
Period End Date 20170331
Filing Date 20170510
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance wtw-20170401.xml
Filing Contents
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $2.97M USD Point-in-time
Receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $2.23M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $108.66M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $127.81M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 1.00B shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $241.53M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $135.19M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 118.95M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 118.95M shares Point-in-time
Receivables (net of allowances: April 1, 2017 - $2,232 and December 31, 2016 - $2,973) ReceivablesNetCurrent $27.52M USD Point-in-time
Receivables (net of allowances: April 1, 2017 - $2,232 and December 31, 2016 - $2,973) ReceivablesNetCurrent $29.47M USD Point-in-time
Treasury stock, shares TreasuryStockShares 54.81M shares Point-in-time
Inventories InventoryNet $25.47M USD Point-in-time
Treasury stock, shares TreasuryStockShares 55.02M shares Point-in-time
Inventories InventoryNet $32.63M USD Point-in-time
Prepaid income taxes PrepaidTaxes $35.53M USD Point-in-time
Prepaid income taxes PrepaidTaxes $48.50M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $28.03M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $30.88M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $266.66M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $235.21M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $47.69M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $49.57M USD Point-in-time
Franchise rights acquired FranchiseRightsAcquiredNet $748.62M USD Point-in-time
Franchise rights acquired FranchiseRightsAcquiredNet $750.31M USD Point-in-time
Goodwill Goodwill $167.39M USD Point-in-time
Goodwill Goodwill $166.14M USD Point-in-time
Trademarks and other intangible assets, net FiniteLivedIntangibleAssetsNet $58.61M USD Point-in-time
Trademarks and other intangible assets, net FiniteLivedIntangibleAssetsNet $54.95M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $12.82M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $14.03M USD Point-in-time
TOTAL ASSETS Assets $1.27B USD Point-in-time
TOTAL ASSETS Assets $1.30B USD Point-in-time
Portion of long-term debt due within one year LongTermDebtCurrent $21.00M USD Point-in-time
Portion of long-term debt due within one year LongTermDebtCurrent $21.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $40.64M USD Point-in-time
Accounts payable AccountsPayableCurrent $41.20M USD Point-in-time
Salaries and wages payable AccruedSalariesCurrent $39.85M USD Point-in-time
Salaries and wages payable AccruedSalariesCurrent $49.64M USD Point-in-time
Accrued marketing and advertising AccruedMarketingCostsCurrent $14.31M USD Point-in-time
Accrued marketing and advertising AccruedMarketingCostsCurrent $18.07M USD Point-in-time
Accrued interest InterestPayableCurrent $16.94M USD Point-in-time
Accrued interest InterestPayableCurrent $17.51M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $51.25M USD Point-in-time
Other accrued liabilities OtherAccruedLiabilitiesCurrent $45.77M USD Point-in-time
Derivative payable DerivativeLiabilitiesCurrent $25.84M USD Point-in-time
Derivative payable DerivativeLiabilitiesCurrent $31.97M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $62.88M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $94.45M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $299.92M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $292.39M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.98B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.98B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $184.29M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $175.12M USD Point-in-time
Other OtherLiabilitiesNoncurrent $25.05M USD Point-in-time
Other OtherLiabilitiesNoncurrent $24.55M USD Point-in-time
TOTAL LIABILITIES Liabilities $2.49B USD Point-in-time
TOTAL LIABILITIES Liabilities $2.47B USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $4.73M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $4.70M USD Point-in-time
Common stock, $0 par value; 1,000,000 shares authorized; 118,947 shares issued at April 1, 2017 and at December 31, 2016 CommonStockValue - USD Point-in-time
Common stock, $0 par value; 1,000,000 shares authorized; 118,947 shares issued at April 1, 2017 and at December 31, 2016 CommonStockValue - USD Point-in-time
Treasury stock, at cost, 54,807 shares at April 1, 2017 and 55,021 shares at December 31, 2016 TreasuryStockValue $3.23B USD Point-in-time
Treasury stock, at cost, 54,807 shares at April 1, 2017 and 55,021 shares at December 31, 2016 TreasuryStockValue $3.24B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.06B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.06B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-27.12M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-21.79M USD Point-in-time
TOTAL DEFICIT StockholdersEquity $-1.21B USD Point-in-time
TOTAL DEFICIT StockholdersEquity $-1.19B USD Point-in-time
TOTAL LIABILITIES AND TOTAL DEFICIT LiabilitiesAndStockholdersEquity $1.30B USD Point-in-time
TOTAL LIABILITIES AND TOTAL DEFICIT LiabilitiesAndStockholdersEquity $1.27B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Service revenues, net SalesRevenueServicesNet $243.77M USD 1 Quarter
Service revenues, net SalesRevenueServicesNet $261.48M USD 1 Quarter
Product sales and other, net ProductSalesAndOtherRevenueNet $63.14M USD 1 Quarter
Product sales and other, net ProductSalesAndOtherRevenueNet $67.59M USD 1 Quarter
Revenues, net Revenues $306.91M USD 1 Quarter
Revenues, net Revenues $329.06M USD 1 Quarter
Cost of services CostOfServices $124.67M USD 1 Quarter
Cost of services CostOfServices $124.89M USD 1 Quarter
Cost of product sales and other CostOfGoodsAndServicesSold $40.08M USD 1 Quarter
Cost of product sales and other CostOfGoodsAndServicesSold $32.56M USD 1 Quarter
Cost of revenues CostOfRevenue $164.97M USD 1 Quarter
Cost of revenues CostOfRevenue $157.24M USD 1 Quarter
Gross profit GrossProfit $149.67M USD 1 Quarter
Gross profit GrossProfit $164.10M USD 1 Quarter
Marketing expenses MarketingExpense $86.43M USD 1 Quarter
Marketing expenses MarketingExpense $86.51M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $49.60M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $47.44M USD 1 Quarter
Operating income OperatingIncomeLoss $13.56M USD 1 Quarter
Operating income OperatingIncomeLoss $30.23M USD 1 Quarter
Interest expense InterestAndDebtExpense $30.02M USD 1 Quarter
Interest expense InterestAndDebtExpense $28.14M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $65.00K USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-640.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-16.40M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.45M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-9.13M USD 1 Quarter
Benefit from income taxes IncomeTaxExpenseBenefit $-5.60M USD 1 Quarter
Net income (loss) ProfitLoss $10.58M USD 1 Quarter
Net income (loss) ProfitLoss $-10.80M USD 1 Quarter
Net loss attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-47.00K USD 1 Quarter
Net loss attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-74.00K USD 1 Quarter
Net income (loss) attributable to Weight Watchers International, Inc. NetIncomeLoss $10.65M USD 1 Quarter
Net income (loss) attributable to Weight Watchers International, Inc. NetIncomeLoss $-10.75M USD 1 Quarter
Basic EarningsPerShareBasic $-0.17 USD 1 Quarter
Basic EarningsPerShareBasic $0.17 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.16 USD 1 Quarter
Diluted EarningsPerShareDiluted $-0.17 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 63.98M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 63.55M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 66.53M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 63.55M shares 1 Quarter
Cash Flow Statement 67 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $10.58M USD 1 Quarter
Net income (loss) ProfitLoss $-10.80M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $12.86M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $12.87M USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $1.49M USD 1 Quarter
Amortization of deferred financing costs AmortizationOfFinancingCosts $1.66M USD 1 Quarter
Impairment of intangible and long-lived assets AssetImpairmentCharges $97.00K USD 1 Quarter
Impairment of intangible and long-lived assets AssetImpairmentCharges $53.00K USD 1 Quarter
Write-off of net assets due to cessation of Spain operations GainLossOnDispositionOfAssets1 $-70.00K USD 1 Quarter
Write-off of net assets due to cessation of Spain operations GainLossOnDispositionOfAssets1 - USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $2.33M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $3.22M USD 1 Quarter
Deferred tax provision DeferredIncomeTaxExpenseBenefit $297.00K USD 1 Quarter
Deferred tax provision DeferredIncomeTaxExpenseBenefit $4.39M USD 1 Quarter
Allowance for doubtful accounts ProvisionForRecoveryOfDoubtfulAccounts $-109.00K USD 1 Quarter
Allowance for doubtful accounts ProvisionForRecoveryOfDoubtfulAccounts $-872.00K USD 1 Quarter
Reserve for inventory obsolescence InventoryWriteDown $1.60M USD 1 Quarter
Reserve for inventory obsolescence InventoryWriteDown $2.95M USD 1 Quarter
Foreign currency exchange rate loss (gain) ForeignCurrencyTransactionGainLossUnrealized $-572.00K USD 1 Quarter
Foreign currency exchange rate loss (gain) ForeignCurrencyTransactionGainLossUnrealized $165.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-201.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $1.01M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.06M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-4.64M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $10.13M USD 1 Quarter
Prepaid expenses IncreaseDecreaseInPrepaidExpense $2.95M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $30.21M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $3.25M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-10.43M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-25.79M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $19.85M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $31.05M USD 1 Quarter
Other long term assets and liabilities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $365.00K USD 1 Quarter
Other long term assets and liabilities, net IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $38.00K USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $1.25M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $5.90M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $43.33M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $42.34M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $3.41M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $1.06M USD 1 Quarter
Capitalized software expenditures PaymentsForSoftware $7.83M USD 1 Quarter
Capitalized software expenditures PaymentsForSoftware $7.07M USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities $87.00K USD 1 Quarter
Other items, net PaymentsForProceedsFromOtherInvestingActivities $3.00K USD 1 Quarter
Cash used for investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-10.48M USD 1 Quarter
Cash used for investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-8.98M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $2.40B USD Point-in-time
Payments on long-term debt RepaymentsOfLongTermDebt $149.57M USD 1 Quarter
Payments on long-term debt RepaymentsOfLongTermDebt $5.25M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.17M USD 1 Quarter
Taxes paid related to net share settlement of equity awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation - USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised $666.00K USD 1 Quarter
Proceeds from stock options exercised ProceedsFromStockOptionsExercised - USD 1 Quarter
Cash used for financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-149.57M USD 1 Quarter
Cash used for financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-5.75M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $437.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.50M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-113.71M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $26.54M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $108.66M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $127.81M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $241.53M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $135.19M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $108.66M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $127.81M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $241.53M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $135.19M USD Point-in-time
Comprehensive Income 26 line items
Line Item Tag Value Unit Period
Net income (loss) ProfitLoss $10.58M USD 1 Quarter
Net income (loss) ProfitLoss $-10.80M USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $9.92M USD 1 Quarter
Foreign currency translation gain OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $3.40M USD 1 Quarter
Income tax expense on foreign currency translation gain OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $1.33M USD 1 Quarter
Income tax expense on foreign currency translation gain OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $3.84M USD 1 Quarter
Foreign currency translation gain, net of taxes OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.08M USD 1 Quarter
Foreign currency translation gain, net of taxes OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $6.08M USD 1 Quarter
Gain (loss) on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $5.51M USD 1 Quarter
Gain (loss) on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-14.27M USD 1 Quarter
Income tax (expense) benefit on gain (loss) on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $2.15M USD 1 Quarter
Income tax (expense) benefit on gain (loss) on derivatives OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-5.54M USD 1 Quarter
Gain (loss) on derivatives, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $3.36M USD 1 Quarter
Gain (loss) on derivatives, net of taxes OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-8.74M USD 1 Quarter
Total other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTax $-2.66M USD 1 Quarter
Total other comprehensive gain (loss) OtherComprehensiveIncomeLossNetOfTax $5.44M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-13.46M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $16.02M USD 1 Quarter
Less: Net loss attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-47.00K USD 1 Quarter
Less: Net loss attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $-74.00K USD 1 Quarter
Less: Foreign currency translation gain, net of taxes attributable to the noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $105.00K USD 1 Quarter
Less: Foreign currency translation gain, net of taxes attributable to the noncontrolling interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest $240.00K USD 1 Quarter
Comprehensive income attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $193.00K USD 1 Quarter
Comprehensive income attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $31.00K USD 1 Quarter
Comprehensive income (loss) attributable to Weight Watchers International, Inc. ComprehensiveIncomeNetOfTax $-13.65M USD 1 Quarter
Comprehensive income (loss) attributable to Weight Watchers International, Inc. ComprehensiveIncomeNetOfTax $15.98M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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