Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 61

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 15
Chunk 61
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           Charges
         
        —

        2,363

        2,547

        581

        5,491

           Payments
         
        (21
        )

        (1,835
        )

        (19,342
        )

        (925
        )

        (22,123
        )

           Change in estimate
         
        (135
        )

        75

        (334
        )

        —

        (394
        )

        Balance as of December 28, 2024
        $
        —

        $
        3,266

        $
        6,466

        $
        —

        $
        9,732

       As of December 28, 2024, the Company expects the remaining employee termination benefit liability related to the Real Estate Restructuring and the remaining employee termination benefit liability related to the Organizational Restructuring to be paid in full by the end of fiscal 2026.2022 PlanAs previously disclosed, in the second quarter of fiscal 2022, the Company committed to a restructuring plan consisting of (i) an organizational realignment to simplify the Company’s corporate structure and reduce associated costs (the “Organizational Realignment”) and (ii) a continued rationalization of its real estate portfolio resulting in the termination of certain of the Company’s operating leases (together with the Organizational Realignment, the “2022 Plan”). The Organizational Realignment has resulted in the elimination of certain positions and termination of employment for certain employees worldwide. Refer to the tables below for the total restructuring charges under the 2022 Plan recorded for the fiscal year ended December 31, 2022. The cumulative amount incurred as of December 28, 2024 related to the aggregate 2022 Plan is $28,324.For the fiscal year ended December 31, 2022, the components of the Company’s restructuring charges for the 2022 Plan were as follows:

        Fiscal Year Ended

        December 31, 2022

        Cash restructuring charges:

        Lease termination costs
        $
        2,424

        Employee termination benefit costs
         
        19,170

        Other cash restructuring charges
         
        995

        Total cash restructuring charges
        $
        22,589

        Non-cash restructuring charges:

        Lease impairments
        $
        2,680

        Accelerated depreciation and amortization charges