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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
)
J
anuar
y
1,
2011
Januar
y
2
,
2010
Januar
y
3
,
2009
D
i
v
id
en
dyi
e
ld
..........................................
1
.
8
%1.
6
%1.
5
%
Vo
l
at
ili
t
y
..............................................
3
1.4%
3
1.
6
%2
6
.
8%
Ri
s
k
-
f
ree
i
nterest rat
e
....................................
2.0% – 3.4% 2.2% – 3.1% 2.0% – 3.9%
Expecte
d
term (
y
ears)
.
...................................
6
.4
6
.
56
.
5
A
summar
y
o
f
opt
i
on act
i
v
i
t
y
un
d
er t
h
e Stoc
k
P
l
ans
f
or t
h
e
y
ear en
d
e
d
Januar
y
1, 2011
i
s presente
db
e
l
ow:
S
hare
s
Wei
g
hted
-
A
verag
e
Exerc
i
s
e
Pri
ce
We
i
ghted-
A
vera
g
e
Rema
i
n
i
ng
C
ontractual
Life (Yrs.
)
A
ggregate
I
ntr
i
ns
ic
Valu
e
Outstan
di
ng at January 2, 201
0
...............................
2
,
317
$
39.45
Grante
d
............................................. 7
80
$
26.3
3
E
xerc
i
se
d
............................................
(
18
)$
2.16
Cance
l
e
d
............................................
(
351
)$
41.75
Outstan
di
n
g
at Januar
y
1, 2011
...............................
2,728 $35.65 7.0 $17,663
Exerc
i
sa
bl
e at Januar
y
1, 201
1
...............................
1,064 $44.23 5.0 $ 1,35
1
The wei
g
hted-avera
g
e
g
rant-date fair value of options
g
ranted was $7.80, $6.00 and $12.08 for the
y
ear
s
en
d
e
d
Januar
y
1, 2011, Januar
y
2, 2010 an
d
Januar
y
3, 2009, respect
i
ve
ly
.T
h
e tota
li
ntr
i
ns
i
cva
l
ue o
f
opt
i
ons
exercised was $462, $536 and $3,026 for the
y
ears ended Januar
y
1, 2011, Januar
y
2, 2010 and Januar
y
3, 2009 ,
r
espect
i
ve
ly
.
Cas
h
rece
i
ve
df
rom opt
i
ons exerc
i
se
dd
ur
i
n
g
t
h
e
y
ears en
d
e
d
Januar
y
1, 2011, Januar
y
2, 2010 an
d
Januar
y
3, 2009 was $39, $50 and $8,075, respectivel
y
. The tax benefits realized from options exercised an
d
R
SUs vested totaled $516, $1,190 and $1,504 for the
y
ears ended Januar
y
1, 2011, Januar
y
2, 2010 an
d
Januar
y
3, 2009, respect
i
ve
ly.
R
estricte
d
Stoc
k
Unit
s
Pursuant to t
h
e restr
i
cte
d
stoc
k
components o
f
t
h
e Stoc
k
P
l
ans, t
h
e Compan
yh
as
g
rante
d
RSUs to certa
in
emp
l
o
y
ees. T
h
e RSUs vest over a per
i
o
d
o
f
t
h
ree to
fi
ve
y
ears. T
h
e
f
a
i
rva
l
ue o
f
RSUs
i
s
d
eterm
i
ne
d
us
i
n
g
t
h
e
c
l
os
i
n
g
mar
k
et pr
i
ce o
f
t
h
e Compan
y
’s common stoc
k
on t
h
e
d
ate o
fg
rant. A summar
y
o
f
RSU act
i
v
i
t
y
un
d
er t
h
e
Stoc
k
P
l
ans
f
or t
h
e
y
ear en
d
e
d
Januar
y
1, 2011
i
s presente
db
e
l
ow
:
S
hare
s
We
i
ghted-Average
Grant-Date
Fair Value
Outstanding at January 2, 2010
.
.................................
223
$
37.2
2
Granted
.
................................................ 7
6
$
25.6
9
V
este
d
..................................................
(
50)
$
46.9
4
F
o
rf
e
i
ted
................................................
(
23)
$
35.2
4
Outstan
di
n
g
at Januar
y
1, 201
1
.
................................. 22
6
$
31.37
F-
18