Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 452

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9C
Chunk 452
---
 reduction in force that has resulted and will further result in the elimination of certain positions and the termination of employment for certain employees worldwide (the “2024 Plan”). Refer to the tables below for the total restructuring charges under the 2024 Plan recorded for the fiscal year ended December 28, 2024. The cumulative amount incurred as of December 28, 2024 related to the aggregate 2024 Plan is $17,043. The Company expects the 2024 Plan to be fully executed by the end of fiscal 2025.For the fiscal year ended December 28, 2024, the components of the Company’s restructuring charges for the 2024 Plan were as follows:

        Fiscal Year Ended

        December 28, 2024

        Cash restructuring charges:

        Employee termination benefit costs
        $
        15,734

        Lease termination costs
         
        168

        Other cash restructuring charges
         
        1,141

           Total restructuring charges
        $
        17,043

       For the fiscal year ended December 28, 2024, restructuring charges for the 2024 Plan were recorded in the Company’s consolidated statements of operations as follows:

        Fiscal Year Ended

        December 28, 2024

        Cost of revenues
        $
        2,497

        Selling, general and administrative expenses
         
        14,546

        Total restructuring charges
        $
        17,043

       All expenses were recorded to general corporate expenses.The following table presents a roll-forward of cash restructuring-related liabilities, which is included within accrued expenses in the Company’s consolidated balance sheets:

        Employee termination benefit costs

        Lease termination costs

        Other cash restructuring charges

        Total

        Balance as of December 30, 2023
        $
        —

        $
        —

        $
        —

        $
        —

           Charges
         
        15,520

        168

        1,141

        16,829

           Payments
         
        (8,590
        )

        —

        (1,141
        )

        (9,731
        )

           Change in estimate
         
        214

        —

        —

        214

        Balance as of December 28, 2024
        $
        7,144

        $
        168

        $
        —

        $
        7,312