WeightWatchers 2009 Annual Report Download - page 89

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
The following table sets forth the computation of basic and diluted EPS for the fiscal years ended:
January 2,
2010
January 3,
2009
December 29,
2007
Numerator:
Net income attributable to Weight Watchers International, Inc. ..... $177,344 $204,331 $201,180
Denominator:
Weighted average shares of common stock outstanding ............ 77,004 78,250 80,583
Effect of dilutive common stock equivalents ..................... 113 245 524
Weighted average diluted common shares outstanding ............. 77,117 78,495 81,107
EPS attributable to Weight Watchers International, Inc.
Basic .................................................... $ 2.30 $ 2.61 $ 2.50
Diluted .................................................. $ 2.30 $ 2.60 $ 2.48
The number of anti-dilutive common stock equivalents excluded from the calculation of weighted average
shares for diluted EPS was 2,045, 1,693 and 1,095 for the years ended January 2, 2010, January 3, 2009, and
December 29, 2007, respectively.
10. Stock Plans
Incentive Compensation Plans:
On May 6, 2008, May 12, 2004 and December 16, 1999, respectively, the Company’s shareholders
approved the 2008 Stock Incentive Plan (the “2008 Plan”), the 2004 Stock Incentive Plan (the “2004 Plan”) and
the 1999 Stock Purchase and Option Plan (the “1999 Plan” and together with the 2008 Plan, the 2004 Plan and
the 1999 Plan, the “Stock Plans”). These plans are designed to promote the long-term financial interests and
growth of the Company by attracting, motivating and retaining employees with the ability to contribute to the
success of the business and aligning compensation for the Company’s employees over a multi-year period
directly with the interests of the shareholders of the Company. The Company’s Board of Directors or a
committee thereof administers the Stock Plans.
Under the 2008 Plan, grants may take the following forms at the Compensation and Benefit Committee’s
discretion: non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock units
(“RSUs”), restricted stock and other equity-based awards. As of its effective date, the maximum number of
shares of common stock available for grant under the 2008 Plan was 3,000, subject to increase and adjustment as
set forth in the 2008 Plan.
Under the 2004 Plan, grants may take the following forms at the Company’s Board of Directors or its
committee’s sole discretion: non-qualified stock options, incentive stock options, stock appreciation rights,
RSUs, restricted stock and other share-based awards. As of its effective date, the maximum number of shares of
common stock available for grant under the 2004 Plan was 2,500.
Under the 1999 Plan, grants may take the following forms at the Company’s Board of Directors or its
committee’s sole discretion: non-qualified stock options, incentive stock options, stock appreciation rights,
restricted stock, RSUs, purchase stock, dividend equivalent rights, performance units, performance shares and
other share-based grants. The maximum number of shares of common stock available for grant under the 1999
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