WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES | ||||||||||||||||||||
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES | ||||||||||||||||||||
(IN MILLIONS, EXCEPT PERCENTAGES) | ||||||||||||||||||||
UNAUDITED | ||||||||||||||||||||
YTD 2010 Variance | ||||||||||||||||||||
YTD 2010 | YTD 2009 | 2010 GAAP | 2010 Constant Currency | |||||||||||||||||
Currency | Constant | vs 2009 | vs 2009 | vs 2009 | vs 2009 | |||||||||||||||
GAAP | Adjustment | Currency | GAAP | Adjustments* | Adjusted | GAAP | Adjusted | GAAP | Adjusted | |||||||||||
Selected Financial Data | ||||||||||||||||||||
Consolidated Company Revenues | $ 764.7 | $ (12.6) | $ 752.1 | $ 763.1 | - | $ 763.1 | 0.2% | 0.2% | -1.4% | -1.4% | ||||||||||
NACO | ||||||||||||||||||||
Meeting Revenues | $ 362.9 | $ (3.0) | $ 359.9 | $ 377.8 | - | $ 377.8 | -4.0% | -4.0% | -4.7% | -4.7% | ||||||||||
Total Revenues | $ 390.5 | $ (3.0) | $ 387.5 | $ 407.7 | - | $ 407.7 | -4.2% | -4.2% | -5.0% | -5.0% | ||||||||||
International | ||||||||||||||||||||
Meeting Revenues | $ 217.8 | $ (6.5) | $ 211.3 | $ 213.8 | - | $ 213.8 | 1.8% | 1.8% | -1.2% | -1.2% | ||||||||||
Total Revenues | $ 243.8 | $ (7.6) | $ 236.2 | $ 240.9 | - | $ 240.9 | 1.2% | 1.2% | -1.9% | -1.9% | ||||||||||
UK | ||||||||||||||||||||
Meeting Revenues | $ 73.8 | $ (1.1) | $ 72.7 | $ 79.5 | - | $ 79.5 | -7.1% | -7.1% | -8.6% | -8.6% | ||||||||||
Total Revenues | $ 82.7 | $ (1.3) | $ 81.4 | $ 88.6 | - | $ 88.6 | -6.7% | -6.7% | -8.2% | -8.2% | ||||||||||
CE | ||||||||||||||||||||
Meeting Revenues | $ 120.7 | $ (0.7) | $ 120.0 | $ 114.7 | - | $ 114.7 | 5.2% | 5.2% | 4.6% | 4.6% | ||||||||||
Total Revenues | $ 133.7 | $ (0.9) | $ 132.8 | $ 127.8 | - | $ 127.8 | 4.6% | 4.6% | 3.9% | 3.9% | ||||||||||
Internet Revenues | $ 115.9 | $ (1.8) | $ 114.1 | $ 98.7 | - | $ 98.7 | 17.4% | 17.4% | 15.7% | 15.7% | ||||||||||
Operating Income | $ 203.6 | $ (1.3) | $ 202.3 | $ 205.2 | $ 3.0 | $ 208.2 | -0.8% | -2.2% | -1.4% | -2.8% | ||||||||||
Operating Income Margin | 26.6% | 26.9% | 26.9% | 27.3% | ||||||||||||||||
Net Income | $ 100.9 | $ (0.2) | $ 101.1 | $ 106.1 | $ 1.6 | $ 107.7 | -4.9% | -6.3% | -4.7% | -6.1% | ||||||||||
Note: Totals may not sum due to rounding. | ||||||||||||||||||||
* Includes impact of U.K. self-employment ruling of $2.1 million and excludes restructuring charges of $5.1 million | ||||||||||||||||||||