WeightWatchers 2005 Annual Report Download - page 112

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
17. Quarterly Financial Information (Unaudited)
The following is a summary of the unaudited quarterly consolidated results of operations for the
fiscal years ended December 31, 2005 and January 1, 2005.
For the Fiscal Quarters Ended
April 2, July 2, October 1, December 31,
2005 2005 2005 2005
Fiscal year ended December 31, 2005
Revenues, net ............................... $329,998 $312,600 $257,483 $251,170
Operating income ............................ 90,027 60,488 84,663 67,314
Net income ................................. 51,628 34,472 49,452 38,850
Basic EPS .................................. 0.50 0.33 0.48 0.38
Diluted EPS ................................ 0.49 0.33 0.47 0.38
For the Fiscal Quarters Ended
April 3, July 3, October 2, January 1,
2004 2004 2004 2005
Fiscal year ended January 1, 2005
Revenues, net ............................... $281,367 $264,892 $245,915 $232,745
Operating income ............................ 82,216 86,974 73,818 62,877
Net income ................................. 36,757 52,886 50,232 43,209
Basic EPS .................................. 0.35 0.50 0.48 0.42
Diluted EPS ................................ 0.34 0.49 0.47 0.41
Basic and diluted EPS are computed independently for each of the periods presented. Accordingly,
the sum of the quarterly EPS amounts may not agree to the total for the year. Beginning in the second
quarter of fiscal 2004, the Company’s results include the results of WeightWatchers.com (see Note 2 for
further details). During the fiscal quarters ended July 2, 2005 and October 1, 2005, the Company
incurred expenses associated with the WW.com acquisition (See Note 3) of $46,082 and $309,
respectively.
F-36