Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 456

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9C
Chunk 456
---
.2022 PlanAs previously disclosed, in the second quarter of fiscal 2022, the Company committed to a restructuring plan consisting of (i) an organizational realignment to simplify the Company’s corporate structure and reduce associated costs (the “Organizational Realignment”) and (ii) a continued rationalization of its real estate portfolio resulting in the termination of certain of the Company’s operating leases (together with the Organizational Realignment, the “2022 Plan”). The Organizational Realignment has resulted in the elimination of certain positions and termination of employment for certain employees worldwide. Refer to the tables below for the total restructuring charges under the 2022 Plan recorded for the fiscal year ended December 31, 2022. The cumulative amount incurred as of December 28, 2024 related to the aggregate 2022 Plan is $28,324.For the fiscal year ended December 31, 2022, the components of the Company’s restructuring charges for the 2022 Plan were as follows:

        Fiscal Year Ended

        December 31, 2022

        Cash restructuring charges:

        Lease termination costs
        $
        2,424

        Employee termination benefit costs
         
        19,170

        Other cash restructuring charges
         
        995

        Total cash restructuring charges
        $
        22,589

        Non-cash restructuring charges:

        Lease impairments
        $
        2,680

        Accelerated depreciation and amortization charges
         
        1,453

        Other non-cash restructuring charges
         
        459

        Total non-cash restructuring charges
        $
        4,592

        Total restructuring charges
        $
        27,181

       See Note 4 for additional information in regard to the Company's lease impairments for the fiscal year ended December 31, 2022.

F-48

WW INTERNATIONAL, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (IN THOUSANDS, EXCEPT PER SHARE AND PER UNIT AMOUNTS)  

For the fiscal year ended December 31, 2022, restructuring charges for the 2022 Plan were recorded in the Company’s consolidated statements of operations as follows:

        Fiscal Year Ended

        December 31, 2022

        Cost of revenues
        $
        6,476

        Selling, general and administrative expenses
         
        20,705

        Total restructuring