XML 18 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF NET INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 26, 2020
Sep. 28, 2019
Sep. 26, 2020
Sep. 28, 2019
Revenues, net $ 320,699 $ 348,567 $ 1,054,697 $ 1,080,754
Cost of revenues 130,603 153,798 458,938 469,223
Gross profit 190,096 194,769 595,759 611,531
Marketing expenses 38,262 36,327 198,090 200,543
Selling, general and administrative expenses 59,192 63,713 225,509 188,889
Goodwill impairment 0 0 3,665 0
Operating income 92,642 94,729 168,495 222,099
Interest expense 29,735 33,118 92,281 103,045
Other (income) expense, net (211) 1,460 230 2,201
Income before income taxes 63,118 60,151 75,984 116,853
Provision for income taxes 8,604 13,123 13,546 26,834
Net income 54,514 47,028 62,438 90,019
Net loss attributable to the noncontrolling interest 11 58 30 214
Net income attributable to WW International, Inc. $ 54,525 $ 47,086 $ 62,468 $ 90,233
Earnings per share attributable to WW International, Inc.        
Basic $ 0.80 $ 0.70 $ 0.92 $ 1.34
Diluted $ 0.78 $ 0.68 $ 0.89 $ 1.30
Weighted average common shares outstanding        
Basic 68,013 67,298 67,697 67,129
Diluted 70,002 69,617 69,936 69,364
Service        
Revenues, net $ 282,310 $ 298,041 $ 899,964 $ 918,535
Cost of revenues 99,485 122,374 343,056 373,452
Product and Other        
Revenues, net 38,389 50,526 154,733 162,219
Cost of revenues $ 31,118 $ 31,424 $ 115,882 $ 95,771