Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 347

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 347
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 impairment test of its indefinite-lived franchise rights acquired, reflecting market factors including higher interest rates and the trading values of the Company's equity and debt.Kurbo Goodwill ImpairmentOn August 10, 2018, the Company acquired substantially all of the assets of Kurbo Health, Inc., a family-based healthy lifestyle coaching program, for a net purchase price of $3,063, of which $1,101 was allocated to goodwill. The goodwill was deductible annually for tax purposes. The Company determined in the second quarter of fiscal 2022 to exit the business of its wholly-owned subsidiary Kurbo, Inc. (“Kurbo”) in the third quarter of fiscal 2022 as part of its strategic plan. As a result of this determination, the Company recorded an impairment charge of $1,101 in the second quarter of fiscal 2022, which comprised the entire goodwill balance for Kurbo.Finite-lived Intangible AssetsThe carrying values of finite-lived intangible assets as of December 28, 2024 and December 30, 2023 were as follows:

        December 28, 2024

        December 30, 2023

        Gross

        Gross

        Carrying

        Accumulated

        Carrying

        Accumulated

        Amount

        Amortization

        Amount

        Amortization

        Capitalized software and website development costs
         
        $
        255,822

        $
        218,103

        $
        251,410

        $
        195,696

        Trademarks

        12,192

        12,103

        12,188

        12,024

        Other

        13,537

        6,714

        13,991

        6,661

        Trademarks and other intangible assets
         
        $
        281,551

        $
        236,920

        $
        277,589

        $
        214,381

        Franchise rights acquired

        7,820

        5,316

        8,029

        5,314

        Total finite-lived intangible assets
         
        $
        289,371

        $
        242,236

        $
        285,618

        $
        219,695

       During the fourth quarter of fiscal 2023, the Company had a shift in future strategic priorities and as a