WeightWatchers 2003 Annual Report Download - page 70

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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 Other Intangible Assets (Continued)
fiscal year 2001, is presented below for the fiscal years ended January 3, 2004, December 28, 2002 and
December 29, 2001:
Fiscal Years Ended
January 3, December 28, December 29,
2004 2002 2001
Reported net income available to common shareholders ....... $143,941 $143,440 $145,687
Addback: goodwill amortization (net of tax) ................ — — 6,357
Adjusted net income available to common shareholders .... $143,941 $143,440 $152,044
Basic earnings per share:
Reported net income available to common shareholders ..... $ 1.35 $ 1.35 $ 1.34
Addback: goodwill amortization (net of tax) .............. — — 0.06
Adjusted net income available to common shareholders .... $ 1.35 $ 1.35 $ 1.40
Diluted earnings per share:
Reported net income available to common shareholders ..... $ 1.31 $ 1.31 $ 1.31
Addback: goodwill amortization (net of tax) .............. — — 0.06
Adjusted net income available to common shareholders .... $ 1.31 $ 1.31 $ 1.37
5. Property and Equipment
The components of property and equipment were:
January 3, December 28,
2004 2002
Leasehold improvements ........................................ $9,330 $ 6,733
Equipment .................................................. 30,202 29,306
39,532 36,039
Less: Accumulated depreciation and amortization ...................... 23,819 23,684
15,713 12,355
Construction in progress ........................................ 34 135
$15,747 $12,490
Depreciation and amortization expense of property and equipment for the fiscal years ended
January 3, 2004, December 28, 2002 and December 29, 2001 was $4,832, $3,789 and $2,732,
respectively.
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