XML 34 R27.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 29, 2024
Leases [Abstract] |
Schedule of Lease Assets and Lease Liabilities | At June 29, 2024 and December 30, 2023, the Company’s lease assets and lease liabilities, primarily for its studios and corporate offices, were as follows:
|  | June 29, 2024 |  |  | December 30, 2023 |
Assets: |  |  |  |  |  |
Operating leases |  | $ | 47,861 |  |  | $ | 52,272 |
Finance leases |  |  | 1 |  |  |  | 5 |
Total lease assets |  | $ | 47,862 |  |  | $ | 52,277 |
Liabilities: |  |  |  |  |  |
Current |  |  |  |  |  |
Operating leases |  | $ | 9,492 |  |  | $ | 9,613 |
Finance leases |  |  | 1 |  |  |  | 4 |
Noncurrent |  |  |  |  |  |
Operating leases |  |  | 49,043 |  |  |  | 53,461 |
Finance leases |  |  | — |  |  |  | — |
Total lease liabilities |  | $ | 58,536 |  |  | $ | 63,078 |
Schedule of Components of Lease Expense | For the three and six months ended June 29, 2024 and July 1, 2023, the components of the Company’s lease expense were as follows:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 29, |  |  | July 1, |  |  | June 29, |  |  | July 1, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Fixed lease cost |  | $ | 3,910 |  |  | $ | 5,958 |  |  | $ | 7,893 |  |  | $ | 13,111 |
Lease termination (benefit) cost |  |  | — |  |  |  | (169 | ) |  |  | (156 | ) |  |  | 12,050 |
Variable lease cost |  |  | 3 |  |  |  | 15 |  |  |  | 17 |  |  |  | 31 |
Total operating lease cost |  | $ | 3,913 |  |  | $ | 5,804 |  |  | $ | 7,754 |  |  | $ | 25,192 |
Finance lease cost: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of leased assets |  |  | 1 |  |  |  | 12 |  |  | $ | 3 |  |  | $ | 38 |
Interest on lease liabilities |  |  | 0 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Total finance lease cost |  | $ | 1 |  |  | $ | 12 |  |  | $ | 3 |  |  | $ | 38 |
Total lease cost |  | $ | 3,914 |  |  | $ | 5,816 |  |  | $ | 7,757 |  |  | $ | 25,230 |
Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rates | At June 29, 2024 and December 30, 2023, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:
|  | June 29, 2024 |  |  | December 30, 2023 |
Weighted Average Remaining Lease Term (years) |  |  |  |  |  |
Operating leases |  |  | 7.00 |  |  |  | 7.31 |
Finance leases |  |  | 0.45 |  |  |  | 0.48 |
Weighted Average Discount Rate |  |  |  |  |  |
Operating leases |  |  | 7.58 |  |  |  | 7.54 |
Finance leases |  |  | 3.69 |  |  |  | 4.10 |
Schedule of Maturity of Lease Liabilities | At June 29, 2024, the maturity of the Company’s lease liabilities in each of the next five fiscal years and thereafter were as follows:
| Operating Leases |  |  | Finance Leases |  |  | Total |
Remainder of fiscal 2024 | $ | 6,497 |  |  | $ | 1 |  |  | $ | 6,498 |
Fiscal 2025 |  | 13,323 |  |  |  | — |  |  |  | 13,323 |
Fiscal 2026 |  | 10,310 |  |  |  | — |  |  |  | 10,310 |
Fiscal 2027 |  | 9,493 |  |  |  | — |  |  |  | 9,493 |
Fiscal 2028 |  | 9,050 |  |  |  | — |  |  |  | 9,050 |
Fiscal 2029 |  | 8,952 |  |  |  | — |  |  |  | 8,952 |
Thereafter |  | 17,852 |  |  |  | — |  |  |  | 17,852 |
Total lease payments | $ | 75,477 |  |  | $ | 1 |  |  | $ | 75,478 |
Less imputed interest |  | 16,942 |  |  |  | 0 |  |  |  | 16,942 |
Present value of lease liabilities | $ | 58,535 |  |  | $ | 1 |  |  | $ | 58,536 |
Summary of Supplemental Cash Flow Information Related to Leases | Supplemental cash flow information related to leases for the six months ended June 29, 2024 and July 1, 2023 were as follows:
|  | Six Months Ended |
|  | June 29, |  |  | July 1, |
|  | 2024 |  |  | 2023 |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 7,941 |  |  | $ | 13,507 |
Operating cash flows from finance leases |  | $ | 0 |  |  | $ | 0 |
Financing cash flows from finance leases |  | $ | 3 |  |  | $ | 38 |
Lease assets obtained (modified) in exchange for new (modified) operating lease liabilities |  | $ | 1,289 |  |  | $ | (7,287 | )
Lease assets (modified) obtained in exchange for (modified) new finance lease liabilities |  | $ | (1 | ) |  | $ | — |

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of lease assets and lease liabilities. + References No definition available. + Details
Name: | ww_ScheduleOfLeaseAssetsAndLeaseLiabilitiesTableTextBlock
Namespace Prefix: | ww_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of maturities of operating and finance lease liabilities. + References No definition available. + Details
Name: | ww_ScheduleOfMaturitiesOfOperatingAndFinanceLeaseLiabilitiesTableTextBlock
Namespace Prefix: | ww_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental cash flow information related to leases. + References No definition available. + Details
Name: | ww_ScheduleOfSupplementalCashFlowInformationRelatedToLeasesTableTextBlock
Namespace Prefix: | ww_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of weighted average remaining lease term and weighted average discount rates. + References No definition available. + Details
Name: | ww_ScheduleOfWeightedAverageRemainingLeaseTermAndWeightedAverageDiscountRatesTableTextBlock
Namespace Prefix: | ww_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration