WeightWatchers 2005 Annual Report Download - page 109

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
Information about the Company’s reportable operating segments is as follows:
Fiscal Year Ended December 31, 2005
Weight
Watchers Weight Intercompany
International Watchers.com Eliminations Consolidated
Revenues from external customers ........... $1,041,594 $109,657 $ — $1,151,251
Intercompany revenue .................... 10,665 3,102 (13,767) —
Total revenue ......................... $1,052,259 $112,759 (13,767) $1,151,251
Depreciation and amortization .............. $ 9,131 $ 4,565 $ — $ 13,696
Operating income (loss) ................... $ 310,413 $ (7,932) $ 11 $ 302,492
Interest expense, net .................... 20,969
Other expense, net ..................... 2,208
Provision for taxes ..................... 104,913
Net Income ............................ $ 189,834 $ (3,612) $ (11,820) $ 174,402
Weighted average diluted shares outstanding .... 104,203
Total assets ............................ $ 914,959 $ 36,069 $(115,537) $ 835,491
Fiscal Year Ended January 1, 2005
Weight
Watchers Weight Intercompany
International Watchers.com Eliminations Consolidated
Revenues from external customers ........... $ 959,930 $ 64,989 $ — $1,024,919
Intercompany revenue .................... 6,205 1,678 (7,883) —
Total revenue ......................... $ 966,135 $ 66,667 (7,883) $1,024,919
Depreciation and amortization .............. $ 8,095 $ 2,148 $ — $ 10,243
Operating income ....................... $ 289,917 $ 16,011 $ (43) $ 305,885
Interest expense, net .................... 16,759
Other income, net ..................... (4,685)
Early extinguishment of debt .............. 4,264
Provision for taxes ..................... 94,522
Income before cumulative effect of accounting
change .............................. $ 179,234 $ 18,682 $ (2,891) $ 195,025
Weighted average diluted shares outstanding .... 106,985
Total assets ............................ $ 796,231 $ 30,793 $ (10,838) $ 816,186
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