WeightWatchers 2010 Annual Report Download - page 96

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
)
9
. Earnings Per Share
Basic earnin
g
s per share (“EPS”) are calculated utilizin
g
the wei
g
hted avera
g
e number of common shares
o
utstandin
g
durin
g
the periods presented. Diluted EPS is calculated utilizin
g
the wei
g
hted avera
g
e number o
f
common shares outstandin
g
durin
g
the periods presented ad
j
usted for the effect of dilutive common stoc
k
e
q
uivalents.
The following table sets forth the computation of basic and diluted EPS for the fiscal years ended:
January 1
,
2
0
1
1
January 2
,
2
0
1
0
J
anuary 3,
2009
Numerator:
N
et income attributable to Weight Watchers International, Inc.
.......
$
194,235
$
177,344
$
204,331
Denominator:
Weighted average shares of common stock outstandin
g
..............
7
5
,661 77,004 78,2
5
0
E
ffect of dilutive common stock e
q
uivalents ....................... 21
9
113 24
5
We
i
g
h
te
d
average
dil
ute
d
common s
h
ares outstan
di
ng
...............
7
5,
880 77
,
117 78
,
49
5
EPS attr
ib
uta
bl
etoWe
i
g
h
t Watc
h
ers Internat
i
ona
l
, Inc
.
Bas
i
c
.
.....................................................
$
2.57
$
2.30
$
2.61
D
il
ute
d
....................................................
$
2.56
$
2.30
$
2.60
T
h
e num
b
er o
f
ant
i
-
dil
ut
i
ve common stoc
k
equ
i
va
l
ents exc
l
u
d
e
df
rom t
h
eca
l
cu
l
at
i
on o
f
we
igh
te
d
avera
g
e
shares for diluted EPS was 2,223, 2,045 and 1,693 for the
y
ears ended Januar
y
1, 2011, Januar
y
2, 2010 and
Januar
y
3, 2009, respect
i
ve
ly.
1
0.
S
tock Plan
s
Incentive Compensation P
l
ans
:
On May 6, 2008, May 12, 2004 and December 16, 1999, respectively, the Company’s shareholders
a
pp
roved the 2008 Stock Incentive Plan (the “2008 Plan”), the 2004 Stock Incentive Plan (the “2004 Plan”) an
d
the 1999 Stock Purchase and Option Plan (the “1999 Plan” and together with the 2008 Plan and the 2004 Plan
,
the “Stock Plans”). These plans are designed to promote the long-term financial interests and growth of th
e
Company by attracting, motivating and retaining employees with the ability to contribute to the success of th
e
business and to align 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
.
Un
d
er t
h
e 2008 P
l
an, grants may ta
k
et
h
e
f
o
ll
ow
i
ng
f
orms at t
h
e Compensat
i
on an
d
Bene
fi
t Comm
i
ttee’s
di
scret
i
on: non-qua
lifi
e
d
stoc
k
opt
i
ons,
i
ncent
i
ve stoc
k
opt
i
ons, stoc
k
apprec
i
at
i
on r
i
g
h
ts, restr
i
cte
d
stoc
k
un
i
t
s
(
“RSUs”
)
, restr
i
cte
d
stoc
k
an
d
ot
h
er s
h
are-
b
ase
d
awar
d
s. As o
fi
ts e
ff
ect
i
ve
d
ate, t
h
e max
i
mum num
b
er o
f
s
h
are
s
of
common stoc
k
ava
il
a
bl
e
f
or
g
rant un
d
er t
h
e 2008 P
l
an was 3,000, su
bj
ect to
i
ncrease an
d
a
dj
ustment as set
f
ort
hi
nt
h
e 2008 P
l
an. Pursuant to t
h
e terms o
f
t
h
e 2008 P
l
an
,
t
h
e num
b
er o
f
s
h
ares o
f
our common stoc
k
available for issuance under the 2008 Plan was increased b
y
550 the remainin
g
number of shares of our commo
n
stoc
k
w
i
t
h
respect to w
hi
c
h
awar
d
s cou
ld b
e
g
rante
d
un
d
er t
h
e 1999 P
l
an upon
i
ts term
i
nat
i
on
.
F-16