SEC Info - WW International, Inc. - ‘10-Q’ for 9/26/20

Quarterly Report — Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.59M 
 2: EX-3.1      Articles of Incorporation/Organization or Bylaws    HTML     71K 
 3: EX-10.1     Material Contract                                   HTML     43K 
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     29K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     29K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     27K 
13: R1          Document and Entity Information                     HTML     77K 
14: R2          Consolidated Balance Sheets                         HTML    131K 
15: R3          Consolidated Balance Sheets (Parenthetical)         HTML     33K 
16: R4          Consolidated Statements of Net Income               HTML    102K 
17: R5          Consolidated Statements of Comprehensive Income     HTML     72K 
18: R6          Consolidated Statements of Changes in Total         HTML     64K 
                Deficit                                                          
19: R7          Consolidated Statements of Cash Flows               HTML    109K 
20: R8          Basis of Presentation                               HTML     29K 
21: R9          Recently Issued Accounting Standards                HTML     26K 
22: R10         Accounting Standards Adopted in Current Year        HTML     26K 
23: R11         Leases                                              HTML    246K 
24: R12         Revenue                                             HTML    298K 
25: R13         Franchise Rights Acquired, Goodwill and Other       HTML    157K 
                Intangible Assets                                                
26: R14         Long-Term Debt                                      HTML    164K 
27: R15         Earnings Per Share                                  HTML     94K 
28: R16         Stock Plans                                         HTML     32K 
29: R17         Income Taxes                                        HTML     29K 
30: R18         Legal                                               HTML     34K 
31: R19         Derivative Instruments and Hedging                  HTML     29K 
32: R20         Fair Value Measurements                             HTML     58K 
33: R21         Accumulated Other Comprehensive Loss                HTML    159K 
34: R22         Segment Data                                        HTML    219K 
35: R23         Related Party                                       HTML     30K 
36: R24         Restructuring                                       HTML     29K 
37: R25         Leases (Tables)                                     HTML    250K 
38: R26         Revenue (Tables)                                    HTML    297K 
39: R27         Franchise Rights Acquired, Goodwill and Other       HTML    146K 
                Intangible Assets (Tables)                                       
40: R28         Long-Term Debt (Tables)                             HTML    142K 
41: R29         Earnings Per Share (Tables)                         HTML     92K 
42: R30         Fair Value Measurements (Tables)                    HTML     50K 
43: R31         Accumulated Other Comprehensive Loss (Tables)       HTML    160K 
44: R32         Segment Data (Tables)                               HTML    214K 
45: R33         Accounting Standards Adopted in Current Year -      HTML     40K 
                Additional Information (Detail)                                  
46: R34         Leases - Schedule of Lease Assets and Lease         HTML     41K 
                Liabilities (Detail)                                             
47: R35         Leases - Schedule of Components of Lease Expense    HTML     40K 
                (Detail)                                                         
48: R36         Leases - Summary of Weighted Average Remaining      HTML     34K 
                Lease Term and Weighted Average Discount Rates                   
                (Detail)                                                         
49: R37         Leases - Additional Information (Detail)            HTML     29K 
50: R38         Leases - Schedule of Maturity of Lease Liabilities  HTML     80K 
                (Detail)                                                         
51: R39         Leases - Summary of Supplemental Cash Flow          HTML     34K 
                Information Related to Leases (Detail)                           
52: R40         Revenue - Schedule of Revenues Disaggregated by     HTML     37K 
                Revenue Source (Detail)                                          
53: R41         Revenue - Schedule of Revenues Disaggregated by     HTML     67K 
                Revenue Source and Segment (Detail)                              
54: R42         Revenue - Schedule of Accounts Receivable and       HTML     31K 
                Deferred Revenues (Detail)                                       
55: R43         Revenue - Additional Information (Detail)           HTML     29K 
56: R44         Franchise Rights Acquired, Goodwill and Other       HTML     45K 
                Intangible Assets - Change in Carrying Amount of                 
                Goodwill (Detail)                                                
57: R45         Franchise Rights Acquired, Goodwill and Other       HTML     82K 
                Intangible Assets - Additional Information                       
                (Detail)                                                         
58: R46         Franchise Rights Acquired, Goodwill and Other       HTML     42K 
                Intangible Assets - Schedule of Carrying Values of               
                Finite-lived Intangible Assets (Detail)                          
59: R47         Franchise Rights Acquired, Goodwill and Other       HTML     33K 
                Intangible Assets - Schedule of Estimated                        
                Amortization Expense of Finite-lived Intangible                  
                Assets (Detail)                                                  
60: R48         Long-Term Debt - Components of Long-Term Debt       HTML     48K 
                (Detail)                                                         
61: R49         Long-Term Debt - Additional Information (Detail)    HTML    215K 
62: R50         Earnings Per Share - Computation of Basic and       HTML     53K 
                Diluted Earnings Per Share (Detail)                              
63: R51         Earnings Per Share Data - Additional Information    HTML     25K 
                (Detail)                                                         
64: R52         Stock Plans - Additional Information (Detail)       HTML     40K 
65: R53         Income Taxes - Additional Information (Detail)      HTML     27K 
66: R54         Derivative Instruments and Hedging - Additional     HTML     69K 
                Information (Detail)                                             
67: R55         Fair Value Measurements - Additional Information    HTML     42K 
                (Detail)                                                         
68: R56         Fair Value Measurements - Aggregate Fair Value of   HTML     34K 
                Derivative Financial Instruments (Detail)                        
69: R57         Accumulated Other Comprehensive Loss - Changes in   HTML     58K 
                Accumulated Other Comprehensive Loss by Component                
                (Detail)                                                         
70: R58         Accumulated Other Comprehensive Loss -              HTML     49K 
                Reclassifications out of Accumulated Other                       
                Comprehensive Loss (Detail)                                      
71: R59         Segment Data - Additional Information (Detail)      HTML     24K 
72: R60         Segment Data - Information About Reportable         HTML     85K 
                Segments (Detail)                                                
73: R61         Related Party - Additional Information (Detail)     HTML     61K 
74: R62         Restructuring - Additional Information (Detail)     HTML     54K 
76: XML         IDEA XML File -- Filing Summary                      XML    140K 
12: XML         XBRL Instance -- ww-10q_20200926_htm                 XML   3.88M 
75: EXCEL       IDEA Workbook of Financial Reports                  XLSX     95K 
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‘R12’ — Revenue

This is an IDEA Financial Report. [ Alternative Formats ]

Revenue

9 Months Ended

Sep. 26, 2020

Revenue From Contract With Customer [Abstract]

Revenue

Revenues are recognized when control of the promised services or goods is transferred to the Company’s customers, in an amount that reflects the consideration it expects to be entitled to in exchange for those services or goods.

The following table presents the Company’s revenues disaggregated by revenue source:

	Three Months Ended				Nine Months Ended
	September 26,		September 28,		September 26,		September 28,
	2020		2019		2020		2019
Digital Subscription Revenues	$	188,731	$	153,940	$	541,197	$	459,764
Studio + Digital Fees		93,579		144,101		358,767		458,771
Service Revenues, net	$	282,310	$	298,041	$	899,964	$	918,535
Product sales and other, net		38,389		50,526		154,733		162,219
Revenues, net	$	320,699	$	348,567	$	1,054,697	$	1,080,754

The following tables present the Company’s revenues disaggregated by revenue source and segment:

	Three Months Ended September 26, 2020
	North		Continental		United
	America		Europe		Kingdom		Other		Total
Digital Subscription Revenues	$	122,120	$	53,230	$	9,227	$	4,154	$	188,731
Studio + Digital Fees		69,111		14,288		7,515		2,665		93,579
Service Revenues, net	$	191,231	$	67,518	$	16,742	$	6,819	$	282,310
Product sales and other, net		23,964		8,993		3,730		1,702		38,389
Revenues, net	$	215,195	$	76,511	$	20,472	$	8,521	$	320,699

	Three Months Ended September 28, 2019
	North		Continental		United
	America		Europe		Kingdom		Other		Total
Digital Subscription Revenues	$	101,579	$	42,230	$	6,608	$	3,523	$	153,940
Studio + Digital Fees		108,338		20,644		10,733		4,386		144,101
Service Revenues, net	$	209,917	$	62,874	$	17,341	$	7,909	$	298,041
Product sales and other, net		33,767		8,264		5,592		2,903		50,526
Revenues, net	$	243,684	$	71,138	$	22,933	$	10,812	$	348,567

	Nine Months Ended September 26, 2020
	North		Continental		United
	America		Europe		Kingdom		Other		Total
Digital Subscription Revenues	$	354,391	$	150,572	$	24,374	$	11,860	$	541,197
Studio + Digital Fees		268,086		53,665		26,645		10,371		358,767
Service Revenues, net	$	622,477	$	204,237	$	51,019	$	22,231	$	899,964
Product sales and other, net		103,949		30,084		14,219		6,481		154,733
Revenues, net	$	726,426	$	234,321	$	65,238	$	28,712	$	1,054,697

	Nine Months Ended September 28, 2019
	North		Continental		United
	America		Europe		Kingdom		Other		Total
Digital Subscription Revenues	$	303,190	$	125,999	$	20,019	$	10,556	$	459,764
Studio + Digital Fees		342,896		68,274		33,493		14,108		458,771
Service Revenues, net	$	646,086	$	194,273	$	53,512	$	24,664	$	918,535
Product sales and other, net		103,255		30,350		18,556		10,058		162,219
Revenues, net	$	749,341	$	224,623	$	72,068	$	34,722	$	1,080,754

Information about Contract Balances

For Service Revenues, the Company typically collects payment in advance of providing services. Any amounts collected in advance of services being provided are recorded in deferred revenue. In the case where amounts are not collected, but the service has been provided and the revenue has been recognized, the amounts are recorded in accounts receivable. The opening and ending balances of the Company’s deferred revenues are as follows:

	Deferred			Deferred
	Revenue			Revenue-Long Term
Balance as of December 28, 2019	$	60,613		$	54
Net decrease during the period		(12,601	)		(4	)
Balance as of September 26, 2020	$	48,012		$	50

Revenue recognized from amounts included in current deferred revenue as of December 28, 2019 was $59,898 for the nine months ended September 26, 2020. The Company’s long-term deferred revenue, which is included in other liabilities on the Company’s consolidated balance sheet, had a balance of $50 and $54 at September 26, 2020 and December 28, 2019, respectively, for revenue that will not be recognized during the next fiscal year and is generally related to upfront payments received as an inducement for entering into certain sales-based royalty agreements with third party licensees. This revenue is amortized on a straight-line basis over the term of the applicable agreement.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References + Details

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-Q’ Filing	Date	Other Filings

Filed on:	10/29/20	8-K
	9/28/20	4
For Period end:	9/26/20
	12/28/19	10-K
	9/28/19	10-Q
		List all Filings

6 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/24  WW International, Inc.            10-K       12/30/23  132:23M                                    Donnelley … Solutions/FA
 3/06/23  WW International, Inc.            10-K       12/31/22  123:25M                                    Donnelley … Solutions/FA
 5/05/22  WW International, Inc.            S-8         5/05/22    4:89K                                    Donnelley … Solutions/FA
 3/01/22  WW International, Inc.            10-K        1/01/22  117:22M                                    ActiveDisclosure/FA
 5/18/21  WW International, Inc.            S-8         5/18/21    3:94K                                    Donnelley … Solutions/FA
 2/25/21  WW International, Inc.            10-K        1/02/21  121:22M                                    ActiveDisclosure/FA

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Filing Submission 0001564590-20-048882 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

WW International, Inc. – ‘10-Q’ for 9/26/20 – ‘R12’

On: Thursday, 10/29/20, at 4:24pm ET · For: 9/26/20 · Accession #: 1564590-20-48882 · File #: 1-16769

Previous ‘10-Q’: ‘10-Q’ on 8/4/20 for 6/27/20 · Next: ‘10-Q’ on 5/5/21 for 4/3/21 · Latest: ‘10-Q/A’ on 5/10/24 for 3/30/24 · 6 References:

Quarterly Report — Form 10-Q
Filing Table of Contents

‘R12’ — Revenue

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

6 Subsequent Filings that Reference this Filing

WW International, Inc. – ‘10-Q’ for 9/26/20 – ‘R12’

On: Thursday, 10/29/20, at 4:24pm ET · For: 9/26/20 · Accession #: 1564590-20-48882 · File #: 1-16769

Quarterly Report — Form 10-QFiling Table of Contents

‘R12’ — Revenue

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

6 Subsequent Filings that Reference this Filing

Quarterly Report — Form 10-Q
Filing Table of Contents