WeightWatchers 2010 Annual Report Download - page 93

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIE
S
NO
TE
S
T
OCO
N
SO
LIDATED FINAN
C
IAL
S
TATEMENT
S
(
IN THOUSANDS, EXCEPT PER SHARE AMOUNTS
)
E
stimated amortization expense of existing finite-lived intangible assets for the next five fiscal years is a
s
f
ollows:
2011
.............................................................
$13
,
820
2012
.............................................................
$
8,389
2013
.............................................................
$
4,938
2014
.............................................................
$
2,
32
5
201
5
.............................................................
$
297
6. Pro
p
ert
y
and E
q
u
ip
ment
The components of propert
y
and equipment were
:
Januar
y
1
,
2011
Januar
y
2
,
2010
L
ease
h
o
ld i
mprovements .......................................... $ 35,706 $ 33,836
E
qu
i
pmen
t
.....................................................
82,398 76,605
118
,
104 110
,
441
L
ess: Accumulated de
p
reciation and amortization
......................
(8
7,
1
7
4) (
7
4
,
403)
$
30
,
930
$
36
,
03
8
Deprec
i
at
i
on an
d
amort
i
zat
i
on expense o
f
propert
y
an
d
equ
i
pment
f
or t
h
e
fi
sca
ly
ears en
d
e
d
Januar
y
1,
2011, Januar
y
2, 2010 and Januar
y
3, 2009 was $14,118, $14,211 and $13,352, respectivel
y
.
7
.
L
ong-
T
erm
D
e
bt
The components of the Company’s long-term debt were as follows
:
J
anuary 1, 201
1
January 2, 201
0
Balance
Eff
ec
ti
ve
R
ate
B
alanc
e
E
ff
ec
ti
ve
Rate
R
evolver I due 2011 ....................................
$
1,674 3.25%
$
—
—
R
evolver I due 2011
....................................
5
6,
5
6
5
1.29% 128,000 1.43
%
R
evolver II due 2014
....................................
3,326 4.7
5
%—
—
R
evolver II due 2014
....................................
1
12,43
5
2.83% —
—
T
erm A Loan due 2011
..................................
5
8,2
5
0 1.3
5
%24
5
,000 1.40
%
Additional Term A Loan due 2013
.........................
2
09,0
5
3 1.36%
5
9
5
,000 1.92
%
T
erm B Loan due 201
4
..................................
2
40,000 1.86% 48
5
,000 2.12
%
T
erm C Loan due 201
5
..................................
4
43,117 2.6
5
%—
—
T
erm D Loan due 201
6
..................................
2
40,66
5
2.6
5
%—
—
Tota
l
De
b
t
........................................
1,
365
,
085 2.01% 1
,
453
,
000 1.85%
Less Current Port
i
on
....................................
1
97
,
524 215
,
000
Total Lon
g
-Term Debt
..............................
$
1,167,561 $1,238,000
The Company’s credit facilities consist of a term loan facility and a revolving credit facility (collectively,
the “WWI Credit Facility”). The term loan facility consists of two tranche A loans (“Term A Loan” an
d
F-
13