Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 274

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 274
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 restructuring charges

    —

    0.1

    2020 plan restructuring charges

    —

    (0.0
    )

    Former CEO separation expenses

    3.9

    —

    Acquisition transaction costs

    —

    8.6

    Operating Income, as adjusted (1)
     
    $
    104.8

    $
    89.5

    Operating Income Margin impact from above adjustments (1)

    (43.4
    %)

    (7.5
    %)

    Operating Income Margin, as adjusted (1)

    13.3
    %

    10.1
    %

Note: Totals may not sum due to rounding.

(1)The “As adjusted” measure is a non-GAAP financial measure that adjusts the consolidated statements of operations for fiscal 2024 to exclude the impact of the $315.0 million ($293.2 million after tax) of franchise rights acquired impairments, the net impact of the $17.0 million ($12.8 million after tax) of 2024 plan restructuring charges, the $5.1 million ($3.8 million after tax) of 2023 plan restructuring charges and the $8 thousand ($6 thousand after tax) of 2022 plan restructuring charges, and the impact of the $3.9 million ($2.9 million after tax) of former CEO separation expenses, and for fiscal 2023 to exclude the impact of the $3.6 million ($3.6 million after tax) of franchise rights acquired and goodwill impairments, the net impact of the $53.7 million ($40.3 million after tax) of 2023 plan restructuring charges, the $1.1 million ($0.9 million after tax) of 2022 plan restructuring charges, the $0.1 million ($43 thousand after tax) of 2021 plan restructuring charges and the reversal of $21 thousand ($16 thousand after tax) of 2020 plan restructuring charges, and the impact of the $8.6 million ($7.5 million after tax) of acquisition transaction costs. See “Non-GAAP Financial Measures” above for an explanation of our use of non-GAAP financial measures.

Material Trends

Performance Indicators

Our management team regularly reviews and analyzes a number of financial and operating metrics, including the key performance indicators listed below, in order to manage our business, measure our performance, identify trends affecting our business, determine the allocation of resources