WeightWatchers 2002 Annual Report Download - page 72

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
11. Income Taxes
The following tables summarize the provision (benefit) for U.S. federal, state and foreign taxes on
income:
Eight Months
Ended
December 28, December 29, December 30, April 29,
2002 2001 2000 2000
Current:
U.S federal ............................. $55,670 $27,550 $ 234 $5,727
State ................................. 14,650 7,203 200 2,464
Foreign ............................... 16,921 11,394 5,319 11,591
$87,241 $ 46,147 $ 5,753 $19,782
Deferred:
U.S federal ............................. $4,565 $(59,665) $ —$ 7,800
State ................................. 397 (5,494) 368
Foreign ............................... (396) (4,186) 104 373
$ 4,566 $(69,345) $ 104 $ 8,541
Total tax provision (benefit) .................. $91,807 $(23,198) $ 5,857 $28,323
The components of income before income taxes, minority interest and extraordinary item consist of
the following:
Eight Months
Ended
December 28, December 29, December 30, April 29,
2002 2001 2000 2000
Domestic ................................ $185,610 $ 92,903 $ 9,399 $33,538
Foreign................................. 49,925 34,068 11,624 33,378
$235,535 $126,971 $21,023 $66,916
F-23