Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 206

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 206
---
        0

        1

        6

        Total finance lease cost
         
        $
        4

        $
        49

        $
        118

        Total lease cost
         
        $
        15,505

        $
        34,088

        $
        36,098

       As previously disclosed, in conjunction with the continued rationalization of its real estate portfolio, the Company entered into subleases with commencement dates in the first quarter of fiscal 2023, which resulted in lease asset impairment charges of $2,680 in the aggregate that were recognized in general and administrative expenses in the Company's consolidated statements of operations for the fiscal year ended December 31, 2022. The Company recorded $4,217 and $3,375 of sublease income for the fiscal years ended December 28, 2024 and December 30, 2023, respectively, as an offset to general and administrative expenses.At December 28, 2024 and December 30, 2023, the Company’s weighted average remaining lease term and weighted average discount rates were as follows:

        December 28, 2024

        December 30, 2023

        Weighted Average Remaining Lease Term (years)

        Operating leases

        6.84

        7.31

        Finance leases

        —

        0.48

        Weighted Average Discount Rate

        Operating leases

        7.68

        7.54

        Finance leases

        —

        4.10

F-19

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

 The Company’s leases have remaining lease terms of 0 to 8 years with a weighted average lease term of 6.84 years as of December 28, 2024.At December 28, 2024, the maturity of the Company’s operating lease liabilities in each of the next five fiscal years and thereafter are as follows:

        Operating Leases

        Fiscal 2025
        $
        11,977

        Fiscal 2026
         
        10,088

        Fiscal 2027
         
        9,307

        Fiscal 2028
         
        9,073

        Fiscal 2029
         
        8,963