Segment Data |
The Company has four reportable segments based on an integrated geographical structure as follows: North America, United Kingdom, Continental Europe (CE) and Other. Other consists of Australia, New Zealand and emerging markets operations and franchise revenues and related costs, all of which have been grouped together as if they were a single reportable segment because they do not meet any of the quantitative thresholds and are immaterial for separate disclosure. To be consistent with the information that is presented to the chief operating decision maker, the Company does not include intercompany activity in the segment results. Information about the Company’s reportable segments is as follows:
|
|
Total Revenue |
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, 2017 |
|
|
October 1, 2016 |
|
|
September 30, 2017 |
|
|
October 1, 2016 |
|
North America |
|
$ |
223,677 |
|
|
$ |
192,899 |
|
|
$ |
695,397 |
|
|
$ |
613,287 |
|
United Kingdom |
|
|
25,473 |
|
|
|
23,480 |
|
|
|
75,907 |
|
|
|
80,093 |
|
Continental Europe |
|
|
60,665 |
|
|
|
50,675 |
|
|
|
179,580 |
|
|
|
163,429 |
|
Other |
|
|
13,872 |
|
|
|
13,765 |
|
|
|
43,538 |
|
|
|
40,681 |
|
Total revenue |
|
$ |
323,687 |
|
|
$ |
280,819 |
|
|
$ |
994,422 |
|
|
$ |
897,490 |
|
|
|
Net Income |
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, 2017 |
|
|
October 1, 2016 |
|
|
September 30, 2017 |
|
|
October 1, 2016 |
|
Segment operating income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North America |
|
$ |
76,206 |
|
|
$ |
50,614 |
|
|
$ |
189,397 |
|
|
$ |
133,113 |
|
United Kingdom |
|
|
5,968 |
|
|
|
4,864 |
|
|
|
15,213 |
|
|
|
10,780 |
|
Continental Europe |
|
|
27,097 |
|
|
|
18,872 |
|
|
|
54,920 |
|
|
|
39,602 |
|
Other |
|
|
1,473 |
|
|
|
2,998 |
|
|
|
6,413 |
|
|
|
6,111 |
|
Total segment operating income |
|
|
110,744 |
|
|
|
77,348 |
|
|
|
265,943 |
|
|
|
189,606 |
|
General corporate expenses |
|
|
19,366 |
|
|
|
10,556 |
|
|
|
48,126 |
|
|
|
35,525 |
|
Interest expense |
|
|
26,993 |
|
|
|
28,329 |
|
|
|
82,227 |
|
|
|
86,963 |
|
Other expense (income), net |
|
|
125 |
|
|
|
(146 |
) |
|
|
278 |
|
|
|
397 |
|
Gain on early extinguishment of debt |
|
|
0 |
|
|
|
0 |
|
|
|
(1,554 |
) |
|
|
0 |
|
Provision for income taxes |
|
|
19,593 |
|
|
|
3,989 |
|
|
|
36,457 |
|
|
|
12,420 |
|
Net income |
|
|
44,667 |
|
|
|
34,620 |
|
|
|
100,409 |
|
|
|
54,301 |
|
Net loss attributable to the noncontrolling interest |
|
|
52 |
|
|
|
38 |
|
|
|
135 |
|
|
|
99 |
|
Net income attributable to Weight Watchers
International, Inc. |
|
$ |
44,719 |
|
|
$ |
34,658 |
|
|
$ |
100,544 |
|
|
$ |
54,400 |
|
|
|
Depreciation and Amortization |
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, 2017 |
|
|
October 1, 2016 |
|
|
September 30, 2017 |
|
|
October 1, 2016 |
|
North America |
|
$ |
9,764 |
|
|
$ |
9,917 |
|
|
$ |
29,632 |
|
|
$ |
31,694 |
|
United Kingdom |
|
|
259 |
|
|
|
229 |
|
|
|
887 |
|
|
|
746 |
|
Continental Europe |
|
|
306 |
|
|
|
397 |
|
|
|
907 |
|
|
|
1,281 |
|
Other |
|
|
187 |
|
|
|
181 |
|
|
|
462 |
|
|
|
650 |
|
Total segment depreciation and amortization |
|
|
10,516 |
|
|
|
10,724 |
|
|
|
31,888 |
|
|
|
34,371 |
|
General corporate depreciation and amortization |
|
|
3,692 |
|
|
|
4,128 |
|
|
|
10,735 |
|
|
|
9,405 |
|
Depreciation and amortization |
|
$ |
14,208 |
|
|
$ |
14,852 |
|
|
$ |
42,623 |
|
|
$ |
43,776 |
|
|