WeightWatchers 2002 Annual Report Download - page 18

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Item 2. Properties
We are headquartered in Woodbury, New York in a leased office which expires in 2005. Weight
Watchers Magazine is headquartered in New York, New York in a leased office which expires in 2005.
In addition, each of our four NACO regions has a small regional office pursuant to a short term lease.
Our Paramus, New Jersey lease expires in 2007. Our operations in each country also have one head
office. We also guarantee the rental commitments for part of WeightWatchers.com’s office facility.
We typically hold our classes in third-party locations (typically meeting rooms in well-located civic
or religious organizations) or space leased in retail centers (typically leased spaces in strip malls for
short terms, generally less than five years). As of December 28, 2002, there were approximately 3,600
North America meeting locations, including approximately 3,000 third-party locations and 600 retail
centers. In the United Kingdom, there were approximately 4,100 meeting locations, with approximately
99.8% in third-party locations. In Continental Europe, there were approximately 3,300 meeting
locations, with approximately 97% in third-party locations. In Australia and New Zealand, there were
approximately 1,000 meeting locations, with approximately 97% in third-party locations.
Item 3. Legal Proceedings
We are not a party to any material pending legal proceedings. We are involved with legal
proceedings incidental to our business such as operational and contractual relations with our
franchisees. In the opinion of management, based in part upon advice of legal counsel, the disposition
of all such matters is not expected to have a material effect on our results of operations or financial
condition.
Item 4. Submission of Matters to a Vote of Security Holders
No matters were submitted to a vote of our shareholders during the last quarter of the year ended
December 28, 2002.
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