Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 442

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9C
Chunk 442
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 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

        (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