Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 348

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 348
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 result, a triggering event occurred which required the Company to impair the remaining franchise rights acquired balance for the Northern Ireland unit of account, resulting in a franchise rights acquired impairment charge of $47.Aggregate amortization expense for finite-lived intangible assets was recorded in the amounts of $33,596, $42,449 and $33,676 for the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022, respectively.Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows:

        Fiscal 2025
         
        $
        22,025

        Fiscal 2026
         
        $
        13,143

        Fiscal 2027
         
        $
        4,776

        Fiscal 2028
         
        $
        727

        Fiscal 2029
         
        $
        704

        Thereafter
         
        $
        5,760

F-27

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

8.Property and EquipmentThe carrying values of property and equipment as of December 28, 2024 and December 30, 2023 were as follows:

        December 28, 2024

        December 30, 2023

        Equipment
         
        $
        24,561

        $
        31,264

        Leasehold improvements

        40,802

        42,039

        $
        65,363

        $
        73,303

        Less: Accumulated depreciation and amortization

        (49,565
        )

        (53,562
        )

        $
        15,798

        $
        19,741

       Depreciation and amortization expense of property and equipment for the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022 was $4,188, $10,022 and $10,125, respectively.

9.Long-Term DebtThe components of the Company’s long-term debt were as follows:

        December 28, 2024

        December 30, 2023

        PrincipalBalance

        UnamortizedDeferredFinancingCost