WeightWatchers 2013 Annual Report Download - page 83

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Changes in Internal Control Over Financial Reporting
There was no change in our internal control over financial reporting that occurred during our most recent
fiscal quarter (the fourth fiscal quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, our internal control over financial reporting.
Item 9B. Other Information
On February 13, 2014, in connection with its cost saving initiative, the Company committed to a plan of
termination which will result in the elimination of certain positions and employees worldwide. The Company
determined that it will notify affected employees following the commitment date. In connection with this plan,
the Company anticipates recording restructuring charges in connection with employee termination benefit costs
of approximately $10.0 million (which is expected to be divided equally between general and administrative
expenses and operating expenses related to field restructuring) during the first and second quarters of fiscal 2014.
Substantially all of these costs are expected to result in cash expenditures related to separation payments and
other employee termination expenses. The Company expects the plan to be fully executed by the end of fiscal
2014.
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