WeightWatchers 2002 Annual Report Download - page 65

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
4. Goodwill and Intangible Assets (Continued)
below for the fiscal years ended December 28, 2002 and December 29, 2001, the eight months ended
December 30, 2000, and the fiscal year ended April 29, 2000:
Eight Months Fiscal Years
Fiscal Years Ended Ended Ended
December 28, December 29, December 30, April 29,
2002 2001 2000 2000
Reported net income available to common
shareholders ......................... $143,440 $145,687 $14,019 $36,884
Addback: goodwill amortization (net of tax) . . . . 6,357 2,640 3,765
Adjusted net income available to common
shareholders ....................... $143,440 $152,044 $16,659 $40,649
Basic earnings per share: Reported net income
available to common shareholders ......... $ 1.35 $ 1.34 $ 0.13 $ 0.20
Addback: goodwill amortization (net of tax) . . . . 0.06 0.02 0.02
Adjusted net income available to common
shareholders ....................... $ 1.35 $ 1.40 $ 0.15 $ 0.22
Diluted earnings per share: Reported net income
available to common shareholders ......... $ 1.31 $ 1.31 $ 0.13 $ 0.20
Addback: goodwill amortization (net of tax) . . . . 0.06 0.02 0.02
Adjusted net income available to common
shareholders ......................... $ 1.31 $ 1.37 $ 0.15 $ 0.22
5. Property and Equipment
The components of property and equipment were:
December 28, December 29,
2002 2001
Leasehold improvements ......................... $18,522 $18,059
Equipment ................................... 41,193 36,071
59,715 54,130
Less: Accumulated depreciation and amortization ....... 47,360 43,494
12,355 10,636
Construction in progress......................... 135 89
$12,490 $10,725
Depreciation and amortization expense of property and equipment for the fiscal years ended
December 28, 2002 and December 29, 2001, the eight months ended December 30, 2000, and the fiscal
year ended April 29, 2000 was $3,789, $2,732, $2,162 and $2,982, respectively.
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