Segment Data |
The Company has
two reportable segments: WWI and WW.com. WWI has multiple operating
segments which have been aggregated into one reportable segment.
WWI and WW.com are two separate and distinct businesses for which
discrete financial information is available. This discrete
financial information is maintained and managed separately and is
reviewed regularly by the chief operating decision maker. All
intercompany activity is eliminated in consolidation.
Information
about the Company’s reportable segments is as
follows:
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Three Months Ended
June 30, 2012 |
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WWI |
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|
WW.com |
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|
Consolidated |
|
Total revenue
|
|
$ |
348,525 |
|
|
$ |
136,227 |
|
|
$ |
484,752 |
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|
|
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|
|
|
|
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Depreciation and
amortization
|
|
$ |
8,462 |
|
|
$ |
2,375 |
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|
$ |
10,837 |
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|
|
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|
|
|
|
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|
|
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Operating income
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$ |
81,672 |
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$ |
71,836 |
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$ |
153,508 |
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|
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|
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|
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Interest expense
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|
23,757 |
|
Other expense,
net
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|
|
3,796 |
|
Provision for
taxes
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|
|
|
|
|
|
|
|
|
|
48,493 |
|
|
|
|
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Net income
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$ |
77,462 |
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Three Months Ended July
2, 2011 |
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|
WWI |
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|
WW.com |
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|
Consolidated |
|
Total revenue
|
|
$ |
379,163 |
|
|
$ |
106,850 |
|
|
$ |
486,013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Depreciation and
amortization
|
|
$ |
6,496 |
|
|
$ |
2,412 |
|
|
$ |
8,908 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Operating income
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|
$ |
100,355 |
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|
$ |
54,975 |
|
|
$ |
155,330 |
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|
|
|
|
|
|
|
|
|
|
|
|
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Interest expense
|
|
|
|
|
|
|
|
|
|
|
15,012 |
|
Other expense,
net
|
|
|
|
|
|
|
|
|
|
|
226 |
|
Provision for
taxes
|
|
|
|
|
|
|
|
|
|
|
53,236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net income
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|
|
|
|
|
|
|
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$ |
86,856 |
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|
|
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|
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|
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Six Months Ended
June 30, 2012 |
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|
|
WWI |
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|
WW.com |
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|
Consolidated |
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Total revenue
|
|
$ |
723,868 |
|
|
$ |
264,419 |
|
|
$ |
988,287 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Depreciation and
amortization
|
|
$ |
15,937 |
|
|
$ |
4,899 |
|
|
$ |
20,836 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Operating income
|
|
$ |
138,986 |
|
|
$ |
117,296 |
|
|
$ |
256,282 |
|
|
|
|
|
|
|
|
|
|
|
|
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Interest expense
|
|
|
|
|
|
|
|
|
|
|
36,924 |
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Other expense,
net
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|
|
|
|
|
|
|
|
|
|
3,287 |
|
Early extinguishment of
debt
|
|
|
|
|
|
|
|
|
|
|
1,328 |
|
Provision for
taxes
|
|
|
|
|
|
|
|
|
|
|
82,676 |
|
|
|
|
|
|
|
|
|
|
|
|
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Net income
|
|
|
|
|
|
|
|
|
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$ |
132,067 |
|
|
|
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|
Six Months Ended July 2,
2011 |
|
|
|
WWI |
|
|
WW.com |
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|
Consolidated |
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Total revenue
|
|
$ |
788,985 |
|
|
$ |
200,459 |
|
|
$ |
989,444 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Depreciation and
amortization
|
|
$ |
12,753 |
|
|
$ |
4,885 |
|
|
$ |
17,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
|
|
$ |
197,855 |
|
|
$ |
93,205 |
|
|
$ |
291,060 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense
|
|
|
|
|
|
|
|
|
|
|
33,185 |
|
Other income,
net
|
|
|
|
|
|
|
|
|
|
|
(245 |
) |
Provision for
taxes
|
|
|
|
|
|
|
|
|
|
|
98,087 |
|
|
|
|
|
|
|
|
|
|
|
|
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Net income
|
|
|
|
|
|
|
|
|
|
$ |
160,033 |
|
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|
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There has not
been a material change in total assets from the Company’s
Annual Report on Form 10-K for fiscal 2011.
|