WeightWatchers 2011 Annual Report Download - page 108

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
14. Segment and Geographic Data
The Company has two reportable segments: WWI and WW.com. WWI has multiple operating segments
which have been aggregated into one reportable segment. WWI and WW.com are two separate and distinct
businesses for which discrete financial information is available. This discrete financial information is maintained
and managed separately and is reviewed regularly by the chief operating decision maker. All intercompany
activity is eliminated in consolidation.
Information about the Company’s reportable operating segments is as follows:
Year Ended December 31, 2011
WWI WW.com
Intercompany
Eliminations Consolidated
Revenues from external customers .................... $1,415,352 $403,804 $ 0 $1,819,156
Intercompany revenue .............................. 38,154 0 (38,154) 0
Total revenue ................................ $1,453,506 $403,804 (38,154) $1,819,156
Depreciation and amortization ....................... $ 34,347 $ 1,473 $ 0 $ 35,820
Operating income ................................. $ 378,117 $168,211 $ 0 $ 546,328
Interest expense ............................... 59,850
Other expense, net ............................. 3,386
Provision for taxes ............................ 178,748
Net income ...................................... $ 304,344
Total assets ...................................... $1,025,586 $390,349 (294,307) $1,121,628
Year Ended January 1, 2011
WWI WW.com
Intercompany
Eliminations Consolidated
Revenues from external customers .................... $1,210,995 $241,042 $ 0 $1,452,037
Intercompany revenue .............................. 22,801 0 (22,801) 0
Total revenue ................................ $1,233,796 $241,042 $ (22,801) $1,452,037
Depreciation and amortization ....................... $ 30,068 $ 3,603 $ 0 $ 33,671
Operating income ................................. $ 303,138 $ 87,207 $ 0 $ 390,345
Interest expense ............................... 76,204
Other expense, net ............................. 963
Provision for taxes ............................ 120,656
Net income ...................................... $ 192,522
Total assets ...................................... $1,124,382 $261,912 $(294,307) $1,091,987
F-24