Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 361

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 361
---
22,310
        )
       
       As of December 28, 2024 and December 30, 2023, the Company had primarily foreign and state net operating loss carryforwards of approximately $110,471 and $107,415, respectively, some of which have an unlimited carryforward period, while others expire in various years beginning in fiscal 2025. The Company maintains a full valuation allowance on its state and certain foreign net operating loss carryforwards as it is deemed more likely than not that such losses will not be realized. In fiscal 2022, the Company established a $27,108 valuation allowance on its business interest expense carryforwards. In fiscal 2023, the Company increased the valuation allowance on its business interest expense carryforwards by $20,268 and established a $30,331 valuation allowance on its remaining U.S. deferred tax assets. As of December 28, 2024, the Company recorded an additional $88,650 valuation allowance on its U.S. deferred tax assets.The Company does not assert its $114,545 of undistributed foreign earnings as of December 28, 2024 are permanently reinvested. The Company has considered whether there would be any potential future costs of not asserting indefinite reinvestment and does not expect such costs to be significant.

F-37

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

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

        Fiscal Year Ended

        December 28,

        December 30,

        December 31,

        2024

        2023

        2022

        Balance at beginning of year
         
        $
        613

        $
        611

        $
        1,055

        Increases related to tax positions taken in current year

        —

        —

        145

        Increases related to tax positions taken in prior years

        —

        9

        8

        Reductions related to tax positions taken in prior years

        —

        (9
        )

        (95
        )

        Reductions related to settlements with tax authorities

        —

        —

        (273
        )

        Reductions related to lapse of statutes of limitations

        (99
        )

        —

        (206
        )

        Effects of foreign currency translation