Company: WW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029511
Chunk: 360

Company: WW INTERNATIONAL, INC.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 360
---
 3,446

        Foreign

        19,216

        15,525

        20,022

        $
        27,104

        $
        18,802

        $
        35,894

        Deferred:

        U.S. federal
         
        $
        (6,856
        )
         
        $
        (12,419
        )
         
        $
        (110,611
        )

        State

        (8,420
        )

        4,263

        (23,213
        )

        Foreign

        (11,302
        )

        27,977

        (12,005
        )

        $
        (26,578
        )
         
        $
        19,821

        $
        (145,829
        )

        Total provision for (benefit from) income taxes
         
        $
        526

        $
        38,623

        $
        (109,935
        )
       
       The effective tax rates for the fiscal years ended December 28, 2024, December 30, 2023 and December 31, 2022 were (0.2%), (52.5%) and 30.0%, respectively.The Company’s effective tax rate for the fiscal year ended December 28, 2024 was impacted by the following items: (i) a $87,624 tax expense due to a valuation allowance and (ii) a $5,342 tax expense related to share-based awards. These expenses were partially offset by (i) a $15,689 tax benefit related to state tax and (ii) a $3,976 tax benefit related to foreign-derived intangible income (“FDII”).The Company’s effective tax rate for the fiscal year ended December 30, 2023 was impacted by the following items: (i) a $53,626 tax expense due to a valuation allowance and (ii) a $12,172 tax expense related to income earned in foreign jurisdictions at rates higher than the U.S. These expenses were partially offset by (i) a $9,441 tax benefit related to state tax and (ii) a $2,637 tax benefit related to FDII.The Company’s effective tax rate for the fiscal year ended December 31, 2022 was impacted by the following items: (i) a $45,748 tax benefit from a legal entity restructuring in connection with the Organizational