Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 232

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 232
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IAL 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

        (6
        )

        2

        (23
        )

        Balance at end of year
         
        $
        508

        $
        613

        $
        611

       At December 28, 2024, the total amount of unrecognized tax benefits that, if recognized, would affect the Company’s effective tax rate is $424.The Company files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. At December 28, 2024, with few exceptions, the Company was no longer subject to U.S. federal, state or local income tax examinations by tax authorities for fiscal years prior to fiscal 2020, or non-U.S. income tax examinations by tax authorities for fiscal years prior to fiscal 2017.The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense. The Company had $33 and $83 of accrued interest and penalties at December 28, 2024 and December 30, 2023, respectively. The Company recognized $(50), $0 and $(60) of income tax expense in interest and penalties during the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022, respectively. It is reasonably possible that within the next twelve months the Company’s unrecognized tax benefits could change due to the resolution of open tax matters, which would reduce