Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 416

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9C
Chunk 416
---
 2023-07 enhances interim disclosure requirements, clarifies circumstances in which an entity can disclose multiple segment measures of profit or loss, provides new segment disclosure requirements for entities with a single reportable segment and contains other disclosure requirements. The effective date of the new guidance for public companies is for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. In the fourth quarter of fiscal 2024, the Company adopted ASU 2023-07 and applied the new guidance retrospectively to all prior periods presented in the financial statements. The adoption of this guidance did not have a material impact on the Company’s consolidated financial statements.

F-18

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

4.LeasesAt December 28, 2024 and December 30, 2023, the Company’s lease assets and lease liabilities, primarily for its studios and corporate offices, were as follows:

        December 28, 2024

        December 30, 2023

        Assets:

        Operating leases
         
        $
        42,047

        $
        52,272

        Finance leases

        —

        5

        Total lease assets
         
        $
        42,047

        $
        52,277

        Liabilities:

        Current

        Operating leases
         
        $
        8,168

        $
        9,613

        Finance leases

        —

        4

        Noncurrent

        Operating leases

        44,322

        53,461

        Finance leases

        —

        —

        Total lease liabilities
         
        $
        52,490

        $
        63,078

       For the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022, the components of the Company’s lease expense were as follows:

        Fiscal Year Ended

        December 28,

        December 30,

        December 31,

        2024

        2023

        2022

        Operating lease cost:

        Fixed lease cost
         
        $
        15,444

        $
        21,259

        $
        33,227