Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 234

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1B
Chunk 234
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 There is a promise of payment by the Company made on the employees’ behalf instead of an individual account with a cash balance. The EPSP provided for a guaranteed employer contribution on behalf of each participant based on the participant’s age and a percentage of the participant’s eligible compensation. The EPSP also had a discretionary supplemental employer contribution component that was determined annually by the Compensation Committee. Effective as of March 6, 2022, the Company suspended EPSP contributions.Although the Company suspended EPSP contributions, EPSP balances continue to accrue interest. The EPSP is valued at the end of each fiscal month, based on an annualized interest rate of prime plus 2%, with an annualized cap of 15%. Expense related to this commitment for the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022 was $631, $1,005 and $929, respectively.

15.Cash Flow Information 

        Fiscal Year Ended

        December 28,

        December 30,

        December 31,

        2024

        2023

        2022

        Net cash paid during the year for:

        Interest
         
        $
        96,844

        $
        91,614

        $
        76,216

        Income taxes (1)
         
        $
        11,499

        $
        30,908

        $
        25,815

        Noncash investing and financing activities were as follows:

        Fair value of net assets acquired in connection with acquisitions
         
        $
        —

        $
        7,256

        $
        240

        Capital expenditures and capitalized software included in accounts payable and accrued expenses
         
        $
        75

        $
        802

        $
        1,466

        Common stock issued in connection with acquisition of Sequence
         
        $
        —

        $
        32,943

        $
        —

       (1)Fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022 include tax refunds received of $15,421, $7,054 and $5,109, respectively. See Note 4 for disclosures on supplemental cash flow information related to leases.The following table presents the Company’s cash and cash equivalents and restricted cash by balance sheet location at December 28, 2024 and December 30,