WeightWatchers 2013 Annual Report Download - page 114
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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 28, 2013
WWI WW.com
Intercompany
Eliminations Consolidated
Total revenue .................................... $1,197,375 $526,748 $ 0 $1,724,123
Depreciation and amortization ....................... $ 41,468 $ 11,108 $ 0 $ 52,576
Operating income ................................. $ 154,745 $306,012 $ 0 $ 460,757
Interest expense ............................... 103,108
Other expense, net ............................. 599
Early extinguishment of debt .................... 21,685
Provision for taxes ............................ 130,640
Net income ...................................... $ 204,725
Total assets ...................................... $1,733,464 $776,515 $(1,101,048) $1,408,931
Year Ended December 29, 2012
WWI WW.com
Intercompany
Eliminations Consolidated
Total revenue .................................... $1,331,916 $507,516 $ 0 $1,839,432
Depreciation and amortization ....................... $ 34,073 $ 9,637 $ 0 $ 43,710
Operating income ................................. $ 250,335 $260,470 $ 0 $ 510,805
Interest expense ............................... 90,537
Other expense, net ............................. 1,979
Early extinguishment of debt .................... 1,328
Provision for taxes ............................ 159,535
Net income ...................................... $ 257,426
Total assets ...................................... $1,539,434 $567,478 $(888,305) $1,218,607
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