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CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Revenues, net $ 369,023 $ 409,747 $ 732,188 $ 817,970
Cost of revenues 153,209 164,953 315,425 352,175
Gross profit 215,814 244,794 416,763 465,795
Marketing expenses 49,967 55,421 164,216 154,340
Selling, general and administrative expenses 60,374 61,665 125,176 121,676
Operating income 105,473 127,708 127,371 189,779
Interest expense 34,732 35,866 69,927 71,732
Other expense, net 438 1,333 741 1,097
Income before income taxes 70,303 90,509 56,703 116,950
Provision for income taxes 16,586 19,825 13,711 7,208
Net income 53,717 70,684 42,992 109,742
Net loss attributable to the noncontrolling interest 117 36 156 90
Net income attributable to Weight Watchers International, Inc. $ 53,834 $ 70,720 $ 43,148 $ 109,832
Earnings Per Share attributable to Weight Watchers International, Inc.        
Basic $ 0.80 $ 1.07 $ 0.64 $ 1.67
Diluted $ 0.78 $ 1.01 $ 0.62 $ 1.57
Weighted average common shares outstanding        
Basic 67,124 66,400 67,044 65,761
Diluted 69,141 70,154 69,268 69,914
Service        
Revenues, net $ 313,768 $ 343,730 $ 620,494 $ 672,399
Cost of revenues 122,121 128,159 251,078 267,939
Product and Other        
Revenues, net 55,255 66,017 111,694 145,571
Cost of revenues $ 31,088 $ 36,794 $ 64,347 $ 84,236