WeightWatchers 2015 Annual Report Download - page 37
Download and view the complete annual report
Please find page 37 of the 2015 WeightWatchers annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37 -
38 -
39 -
40 -
41 -
42 -
43 -
44 -
45 -
46 -
47 -
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
 |
 |
Acquisition of Weilos
On March 11, 2015, the Company acquired for a purchase price of $6.7 million Weilos, Inc., or Weilos, a
California-based startup with an online social platform that provides a mobile health and weight loss community.
Payment was in the form of common stock issued of $2.8 million, restricted stock issued of $0.1 million and cash
of $2.8 million plus cash in reserves of $1.0 million. As a result of the acquisition, Weilos became a wholly
owned subsidiary of the Company and the Company began to consolidate the entity as of the date of acquisition.
Franchisee Acquisitions
The following are our acquisitions since the beginning of fiscal 2011:
Acquisitions of Alberta and Saskatchewan, West Virginia, Columbus, Reno, Manitoba and Franklin and St.
Lawrence Counties. On March 4, 2013, we acquired substantially all of the assets of our Alberta and
Saskatchewan, Canada franchisees, Weight Watchers of Alberta Ltd. and Weight Watchers of Saskatchewan
Ltd., for an aggregate purchase price of $35.0 million. On July 15, 2013, we acquired substantially all of the
assets of our West Virginia franchisee, Weight Watchers of West Virginia, Inc., for a net purchase price of
$16.0 million. On July 22, 2013, we acquired substantially all of the assets of our Columbus, Ohio franchisee,
Weight Watchers of Columbus, Inc., for a net purchase price of $23.4 million and our Reno, Nevada franchisee,
Weight Watchers of Northern Nevada, Inc., for a net purchase price of $4.0 million. On October 28, 2013, we
acquired substantially all of the assets of our Manitoba, Canada franchisee, Weight Watchers of Manitoba Ltd.,
for a net purchase price of $5.2 million and our Franklin and St. Lawrence Counties, New York franchisee,
Weight Watchers of Franklin and St. Lawrence Counties Inc., for a net purchase price of $0.3 million.
Acquisitions of Southeastern Ontario and Ottawa, Adirondacks and Memphis. On September 10, 2012, we
acquired substantially all of the assets of our Southeastern Ontario and Ottawa, Canada franchisee, Slengora
Limited, for a net purchase price of $16.8 million. On November 2, 2012, we acquired substantially all of the
assets of our Adirondacks franchisee, Weight Watchers of the Adirondacks, Inc., for a purchase price of
$3.4 million. On December 20, 2012, we acquired substantially all of the assets of our Memphis, Tennessee
franchisee, Weight Watchers of the Mid-South, Inc., for a purchase price of $10.0 million.
These acquisitions were financed through cash from operations. These acquisitions have been accounted for
as purchases and financial results have been included in our consolidated operating results since their respective
dates of acquisition.
34