Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 172

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 172
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    95.9

    Taxes

    0.5

    38.6

    Depreciation and amortization

    37.8

    45.6

    Stock-based compensation

    6.7

    11.3

    EBITDAS
     
    $
    (191.8
    )
     
    $
    79.2

    Franchise rights acquired and goodwill impairments

    315.0

    3.6

    2024 plan restructuring charges

    17.0

    —

    2023 plan restructuring charges

    5.1

    53.7

    2022 plan restructuring charges

    0.0

    1.1

    2021 plan restructuring charges

    —

    0.1

    2020 plan restructuring charges

    —

    (0.0
    )

    Former CEO separation expenses

    3.9

    —

    Acquisition transaction costs (1)

    —

    8.6

    Adjusted EBITDAS (2)
     
    $
    149.3

    $
    146.4

Note: Totals may not sum due to rounding.

(1)Includes stock-based compensation expense attributable to post-combination vesting of $3.9 million.

(2)The “Adjusted EBITDAS” measure is a non-GAAP financial measure that (i) adjusts the consolidated statements of operations for fiscal 2024 to exclude the impact of the $315.0 million of franchise rights acquired impairments, the net impact of the $17.0 million of 2024 plan restructuring charges, the $5.1 million of 2023 plan restructuring charges and the $8 thousand of 2022 plan restructuring charges, and the impact of the $3.9 million of former CEO separation expenses; and (ii) adjusts the consolidated statements of operations for fiscal 2023 to exclude the impact of $3.6 million of franchise rights acquired and goodwill impairments, the net impact of the $53.7 million of 2023 plan restructuring charges, the $1.1 million of 2022 plan restructuring charges, the $0.1 million of 2021 plan restructuring charges and the reversal of $21 thousand of 2020 plan restructuring charges, and the impact of $8.6 million of acquisition transaction costs. See “Non