Document
false--12-31Q320190001502034306000P1Y41000001750000010900000850000089000000.0052400000 0001502034 2019-01-01 2019-09-30 0001502034 2019-10-18 0001502034 2018-12-31 0001502034 2019-09-30 0001502034 2018-07-01 2018-09-30 0001502034 2018-01-01 2018-09-30 0001502034 2019-07-01 2019-09-30 0001502034 2018-01-01 2018-03-31 0001502034 us-gaap:TreasuryStockMember 2019-09-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001502034 2019-04-01 2019-06-30 0001502034 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001502034 us-gaap:CommonStockMember 2019-04-01 2019-06-30 0001502034 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001502034 us-gaap:CommonStockMember 2017-12-31 0001502034 us-gaap:RetainedEarningsMember 2018-06-30 0001502034 us-gaap:RetainedEarningsMember 2019-03-31 0001502034 2019-06-30 0001502034 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0001502034 us-gaap:CommonStockMember 2018-12-31 0001502034 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001502034 us-gaap:CommonStockMember 2018-03-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001502034 us-gaap:CommonStockMember 2018-06-30 0001502034 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001502034 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001502034 us-gaap:CommonStockMember 2018-09-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-04-01 2019-06-30 0001502034 us-gaap:TreasuryStockMember 2018-03-31 0001502034 2019-01-01 2019-03-31 0001502034 us-gaap:TreasuryStockMember 2018-12-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001502034 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0001502034 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001502034 us-gaap:TreasuryStockMember 2017-12-31 0001502034 us-gaap:RetainedEarningsMember 2019-04-01 2019-06-30 0001502034 us-gaap:TreasuryStockMember 2019-03-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001502034 us-gaap:CommonStockMember 2019-06-30 0001502034 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001502034 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001502034 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001502034 us-gaap:RetainedEarningsMember 2018-12-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001502034 us-gaap:CommonStockMember 2019-09-30 0001502034 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001502034 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0001502034 us-gaap:RetainedEarningsMember 2019-09-30 0001502034 us-gaap:AdditionalPaidInCapitalMember 2019-04-01 2019-06-30 0001502034 2018-09-30 0001502034 us-gaap:RetainedEarningsMember 2019-06-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001502034 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001502034 us-gaap:TreasuryStockMember 2019-06-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001502034 2019-03-31 0001502034 2017-12-31 0001502034 2018-04-01 2018-06-30 0001502034 us-gaap:RetainedEarningsMember 2017-12-31 0001502034 us-gaap:RetainedEarningsMember 2018-09-30 0001502034 us-gaap:TreasuryStockMember 2018-06-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001502034 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001502034 us-gaap:CommonStockMember 2019-03-31 0001502034 us-gaap:TreasuryStockMember 2018-09-30 0001502034 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001502034 2018-03-31 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0001502034 us-gaap:RetainedEarningsMember 2018-03-31 0001502034 2018-06-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001502034 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember 2019-01-01 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001502034 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001502034 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001502034 gnc:TrancheTwoMember 2019-01-01 2019-09-30 0001502034 gnc:TrancheOneMember 2019-01-01 2019-09-30 0001502034 gnc:TrancheOneMember 2018-01-01 2018-09-30 0001502034 gnc:TrancheTwoMember 2018-01-01 2018-09-30 0001502034 gnc:InternationalVitaminCorporationMember gnc:InternationalVitaminCorporationJointVentureMember 2019-04-01 2019-06-30 0001502034 gnc:InternationalVitaminCorporationJointVentureMember srt:ScenarioForecastMember us-gaap:SubsequentEventMember 2023-10-01 0001502034 gnc:InternationalVitaminCorporationJointVentureMember srt:ScenarioForecastMember us-gaap:SubsequentEventMember 2019-10-01 2023-10-01 0001502034 gnc:JVFrameworkAgreementMember 2019-02-28 0001502034 gnc:InternationalVitaminCorporationMember gnc:InternationalVitaminCorporationJointVentureMember 2019-02-01 2019-02-28 0001502034 gnc:InternationalVitaminCorporationJointVentureMember 2019-02-01 2019-02-28 0001502034 2019-02-01 2019-02-28 0001502034 us-gaap:AccountingStandardsUpdate201602Member 2019-01-02 2019-01-02 0001502034 gnc:AccountingStandardsUpdate201602RightOfUseAssetImpairmentMember us-gaap:RetainedEarningsMember 2019-01-01 0001502034 gnc:DeferredFranchiseFeesMember 2019-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:IntersegmentMember gnc:ManufacturingorWholesaleSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:IntersegmentMember gnc:ManufacturingorWholesaleSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ManufacturingorWholesaleSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ManufacturingorWholesaleSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:IntersegmentMember gnc:ManufacturingorWholesaleSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesalePartnerMember gnc:ManufacturingorWholesaleSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ManufacturingorWholesaleSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ManufacturingorWholesaleSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesalePartnerMember gnc:ManufacturingorWholesaleSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ThirdpartyContractManufacturingMember gnc:ManufacturingorWholesaleSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesalePartnerMember gnc:ManufacturingorWholesaleSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesalePartnerMember gnc:ManufacturingorWholesaleSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:IntersegmentMember gnc:ManufacturingorWholesaleSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ThirdpartyContractManufacturingMember gnc:ManufacturingorWholesaleSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ThirdpartyContractManufacturingMember gnc:ManufacturingorWholesaleSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ThirdpartyContractManufacturingMember gnc:ManufacturingorWholesaleSegmentMember 2019-01-01 2019-09-30 0001502034 country:US 2018-07-01 2018-09-30 0001502034 us-gaap:NonUsMember 2018-01-01 2018-09-30 0001502034 us-gaap:NonUsMember 2018-07-01 2018-09-30 0001502034 country:US 2019-07-01 2019-09-30 0001502034 us-gaap:NonUsMember 2019-01-01 2019-09-30 0001502034 us-gaap:NonUsMember 2019-07-01 2019-09-30 0001502034 country:US 2019-01-01 2019-09-30 0001502034 country:US 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:InternationalSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:InternationalSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:InternationalSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:InternationalSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:InternationalSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:InternationalSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:InternationalSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:InternationalSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:InternationalSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:InternationalSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:InternationalSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:InternationalSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:InternationalSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:InternationalSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:InternationalSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:InternationalSegmentMember 2019-07-01 2019-09-30 0001502034 gnc:LoyaltyProgramPointsMember 2018-12-31 0001502034 gnc:DeferredFranchiseFeesMember 2019-01-01 2019-09-30 0001502034 gnc:LoyaltyProgramPointsMember 2019-01-01 2019-09-30 0001502034 gnc:LoyaltyProgramPointsMember 2019-09-30 0001502034 gnc:DeferredFranchiseFeesMember 2018-12-31 0001502034 gnc:GiftCardLiabilityMember 2018-12-31 0001502034 gnc:GiftCardLiabilityMember 2019-01-01 2019-09-30 0001502034 gnc:GiftCardLiabilityMember 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProteinMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:CooperativeAdvertisingandOtherFranchiseSupportFeesMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HealthandBeautyMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WeightManagementMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:GeneralMerchandiseMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:FoodandDrinkMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HerbsandGreensMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:CooperativeAdvertisingandOtherFranchiseSupportFeesMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HerbsandGreensMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WeightManagementMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WellnessMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProductSalesMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WeightManagementMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HerbsandGreensMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:VitaminsMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProductSalesMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:VitaminsMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:PerformanceSupplementsMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:FoodandDrinkMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HealthandBeautyMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:SubleaseIncomeMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:SubleaseIncomeMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HealthandBeautyMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:VitaminsMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:SubleaseIncomeMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProteinMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:GeneralMerchandiseMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProteinMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WellnessMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WellnessMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HealthandBeautyMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:CooperativeAdvertisingandOtherFranchiseSupportFeesMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:FoodandDrinkMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WeightManagementMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:PerformanceSupplementsMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:SubleaseIncomeMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:PerformanceSupplementsMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProductSalesMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WholesaleSalestoFranchiseesMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:PerformanceSupplementsMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProteinMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:GeneralMerchandiseMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:FoodandDrinkMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:ProductSalesMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:WellnessMember gnc:UnitedStatesandCanadaSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:GeneralMerchandiseMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:CooperativeAdvertisingandOtherFranchiseSupportFeesMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:HerbsandGreensMember gnc:UnitedStatesandCanadaSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:VitaminsMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:UnitedStatesandCanadaSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:RoyaltyRevenueAndFranchiseFeesMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember gnc:OtherRevenueMember gnc:UnitedStatesandCanadaSegmentMember 2018-07-01 2018-09-30 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2019-09-30 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2018-12-31 0001502034 gnc:InterestRateSwapOneMember 2018-06-13 0001502034 us-gaap:LetterOfCreditMember gnc:DebtInstrumentLienRatioPeriodTwoMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001502034 gnc:TrancheOneMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2018-12-31 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2018-02-28 2018-02-28 0001502034 us-gaap:LetterOfCreditMember us-gaap:RevolvingCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-09-30 0001502034 us-gaap:LetterOfCreditMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2018-02-28 2018-02-28 0001502034 us-gaap:LetterOfCreditMember gnc:TrancheOneMember gnc:TermLoanFacilityDueMarchTwoThousandNineteenMember us-gaap:AssetBackedSecuritiesMember 2018-02-28 2018-02-28 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2018-02-28 0001502034 us-gaap:RevolvingCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-02-28 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2019-06-30 0001502034 gnc:TrancheOneMember gnc:TermLoanFacilityDueMarchTwoThousandNineteenMember us-gaap:SecuredDebtMember 2019-03-01 2019-03-11 0001502034 us-gaap:RevolvingCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2018-02-28 0001502034 gnc:TrancheTwoMember srt:MinimumMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2018-02-28 2018-02-28 0001502034 gnc:FILOAssetbasedTermLoanFacilityMember 2018-01-01 2018-03-31 0001502034 us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember us-gaap:PrimeMember 2018-02-28 2018-02-28 0001502034 gnc:ReducedRateMember gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2019-01-01 2019-09-30 0001502034 gnc:HarbinPharmaceuticalGroupHoldingsCo.Ltd.Member 2019-01-01 2019-03-31 0001502034 gnc:InterestRateSwapTwoMember 2018-06-13 0001502034 gnc:TrancheOneMember gnc:TermLoanFacilityDueMarchTwoThousandNineteenMember us-gaap:AssetBackedSecuritiesMember 2018-02-28 2018-02-28 0001502034 srt:ScenarioForecastMember gnc:InterestRateSwapTwoMember 2020-12-31 0001502034 gnc:TrancheOneMember gnc:TermLoanFacilityDueMarchTwoThousandNineteenMember us-gaap:AssetBackedSecuritiesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2018-02-28 2018-02-28 0001502034 gnc:ReducedRateMember gnc:TrancheTwoMember srt:MinimumMember srt:ScenarioForecastMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2019-01-01 2019-12-31 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2019-09-30 0001502034 srt:ScenarioForecastMember gnc:InterestRateSwapTwoMember 2020-06-30 0001502034 us-gaap:InterestRateSwapMember 2019-01-01 2019-06-30 0001502034 us-gaap:RevolvingCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-09-30 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2018-12-31 0001502034 us-gaap:RevolvingCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-03-01 0001502034 gnc:InterestRateSwapTwoMember 2019-06-30 0001502034 us-gaap:InterestRateSwapMember 2019-09-30 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2019-04-01 2019-06-30 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember 2018-02-28 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-09-30 0001502034 us-gaap:PreferredStockMember gnc:SecuritiesPurchaseAgreementAmendmentInitialIssuanceMember 2018-11-01 2018-11-30 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001502034 gnc:InterestRateSwapOneMember 2019-09-30 0001502034 gnc:ReducedRateMember gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2018-01-01 2018-12-31 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2018-11-30 0001502034 us-gaap:LetterOfCreditMember gnc:DebtInstrumentLienRatioPeriodThreeMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001502034 us-gaap:InterestRateSwapMember 2018-06-13 0001502034 gnc:TrancheTwoMember srt:MaximumMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember us-gaap:PrimeMember 2018-02-28 2018-02-28 0001502034 us-gaap:LetterOfCreditMember gnc:DebtInstrumentLienRatioPeriodOneMember us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001502034 gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2018-02-28 2018-02-28 0001502034 gnc:TrancheTwoMember srt:ScenarioForecastMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2019-01-01 2019-12-31 0001502034 gnc:InitialRateMember gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2019-01-01 2019-09-30 0001502034 gnc:InternationalVitaminCorporationJointVentureMember 2019-01-01 2019-03-31 0001502034 gnc:TrancheTwoMember srt:MaximumMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember us-gaap:LondonInterbankOfferedRateLIBORMember 2018-02-28 2018-02-28 0001502034 gnc:TrancheTwoMember srt:MinimumMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember us-gaap:PrimeMember 2018-02-28 2018-02-28 0001502034 srt:MinimumMember gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember us-gaap:LondonInterbankOfferedRateLIBORMember 2018-02-28 2018-02-28 0001502034 gnc:ReducedRateMember gnc:TrancheTwoMember srt:MaximumMember srt:ScenarioForecastMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:SecuredDebtMember 2019-01-01 2019-12-31 0001502034 us-gaap:RevolvingCreditFacilityMember 2018-01-01 2018-09-30 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2018-01-01 2018-09-30 0001502034 gnc:SeniorCreditFacilityMember 2018-07-01 2018-09-30 0001502034 gnc:SeniorCreditFacilityMember 2018-01-01 2018-09-30 0001502034 us-gaap:RevolvingCreditFacilityMember gnc:SeniorCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-01-01 2019-09-30 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2018-07-01 2018-09-30 0001502034 gnc:TrancheOneMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2019-01-01 2019-09-30 0001502034 gnc:SeniorCreditFacilityMember 2019-01-01 2019-09-30 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2019-07-01 2019-09-30 0001502034 gnc:TrancheOneMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2018-01-01 2018-09-30 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-01-01 2019-09-30 0001502034 gnc:TrancheTwoMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2018-01-01 2018-09-30 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:ConvertibleDebtMember 2019-01-01 2019-09-30 0001502034 gnc:TrancheTwoMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2018-07-01 2018-09-30 0001502034 us-gaap:RevolvingCreditFacilityMember 2018-07-01 2018-09-30 0001502034 gnc:SeniorCreditFacilityMember 2019-07-01 2019-09-30 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember 2018-01-01 2018-09-30 0001502034 us-gaap:RevolvingCreditFacilityMember gnc:SeniorCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-07-01 2019-09-30 0001502034 us-gaap:RevolvingCreditFacilityMember 2019-01-01 2019-09-30 0001502034 us-gaap:RevolvingCreditFacilityMember gnc:SeniorCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2018-07-01 2018-09-30 0001502034 gnc:TrancheTwoMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2019-01-01 2019-09-30 0001502034 gnc:TrancheOneMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2019-07-01 2019-09-30 0001502034 gnc:TrancheOneMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2018-07-01 2018-09-30 0001502034 us-gaap:RevolvingCreditFacilityMember gnc:SeniorCreditFacilityMember us-gaap:AssetBackedSecuritiesMember 2018-01-01 2018-09-30 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember 2018-07-01 2018-09-30 0001502034 gnc:TermLoanMember gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:AssetBackedSecuritiesMember 2019-07-01 2019-09-30 0001502034 gnc:TrancheTwoMember gnc:SeniorCreditFacilityMember us-gaap:SecuredDebtMember 2019-07-01 2019-09-30 0001502034 us-gaap:RevolvingCreditFacilityMember 2019-07-01 2019-09-30 0001502034 gnc:TrancheOneMember gnc:TermLoanFacilityDueMarchTwoThousandNineteenMember us-gaap:SecuredDebtMember 2019-09-30 0001502034 gnc:TrancheOneMember gnc:TermLoanFacilityDueMarchTwoThousandNineteenMember us-gaap:SecuredDebtMember 2018-12-31 0001502034 gnc:InterestRateSwapTwoMember 2019-09-30 0001502034 gnc:InterestRateSwapTwoMember 2018-12-31 0001502034 gnc:InterestRateSwapOneMember 2018-12-31 0001502034 us-gaap:RevolvingCreditFacilityMember 2017-01-01 2017-12-31 0001502034 gnc:GNCHongKongLimitedMember gnc:JVFrameworkAgreementMember 2019-03-31 0001502034 gnc:InternationalVitaminCorporationJointVentureCapitalContributionMember 2019-03-01 2019-03-31 0001502034 gnc:JVFrameworkAgreementMember 2019-09-30 0001502034 gnc:JVFrameworkAgreementMember 2019-01-01 2019-09-30 0001502034 gnc:ManufacturingorWholesaleSegmentMember 2019-07-01 2019-09-30 0001502034 gnc:InternationalVitaminCorporationMember gnc:InternationalVitaminCorporationJointVentureMember 2019-09-30 0001502034 gnc:ChinaBusinessMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember 2019-01-01 2019-03-31 0001502034 gnc:NutraManufacturingBusinessMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember 2019-01-01 2019-03-31 0001502034 gnc:InternationalVitaminCorporationMember gnc:InternationalVitaminCorporationJointVentureMember 2019-03-31 0001502034 gnc:JVFrameworkAgreementMember 2019-01-01 2019-03-31 0001502034 gnc:JVFrameworkAgreementMember 2019-07-01 2019-09-30 0001502034 gnc:ManufacturingorWholesaleSegmentMember 2019-01-01 2019-09-30 0001502034 gnc:InternationalVitaminCorporationJointVentureMember 2019-04-01 2019-06-30 0001502034 gnc:GNCHongKongLimitedMember gnc:JVFrameworkAgreementMember 2019-02-28 0001502034 gnc:InternationalVitaminCorporationJointVentureMember 2019-03-01 2019-03-31 0001502034 gnc:GNCHongKongLimitedAndInternationalVitaminCorporationMember 2019-09-30 0001502034 gnc:InternationalVitaminCorporationJointVentureMember 2019-09-30 0001502034 gnc:InternationalVitaminCorporationJointVentureCapitalContributionMember 2019-09-30 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ForwardContractsMember 2018-12-31 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SecuredDebtMember 2018-12-31 0001502034 gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AssetBackedSecuritiesMember 2019-09-30 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ForwardContractsMember 2019-09-30 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ForwardContractsMember 2018-12-31 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2019-09-30 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember 2019-09-30 0001502034 gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:AssetBackedSecuritiesMember 2019-09-30 0001502034 gnc:TrancheOneMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember 2019-09-30 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember 2018-12-31 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:InterestRateSwapMember 2018-12-31 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:InterestRateSwapMember 2019-09-30 0001502034 gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001502034 gnc:TrancheOneMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:SecuredDebtMember 2018-12-31 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ForwardContractsMember 2019-09-30 0001502034 gnc:FILOAssetbasedTermLoanFacilityMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:AssetBackedSecuritiesMember 2018-12-31 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:InterestRateSwapMember 2019-09-30 0001502034 gnc:TrancheOneMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SecuredDebtMember 2018-12-31 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2018-12-31 0001502034 gnc:TrancheTwoMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SecuredDebtMember 2019-09-30 0001502034 us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:InterestRateSwapMember 2018-12-31 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2018-12-31 0001502034 gnc:OnePointFivePercentConvertibleSeniorNotesDueTwentyTwentyMember us-gaap:FairValueInputsLevel2Member us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:ConvertibleDebtMember 2019-09-30 0001502034 gnc:TrancheOneMember gnc:AmendedTermLoanFacilityDueMarchTwoThousandTwentyOneMember us-gaap:FairValueInputsLevel2Member us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:SecuredDebtMember 2019-09-30 0001502034 gnc:JVFrameworkAgreementMember 2019-03-01 0001502034 srt:MaximumMember 2019-01-01 2019-09-30 0001502034 gnc:CompanyOwnedFranchiseStoresMember 2019-09-30 0001502034 gnc:WarehousesVehiclesAndOtherEquipmentMember 2019-09-30 0001502034 gnc:WarehousesVehiclesAndOtherEquipmentMember 2018-12-31 0001502034 gnc:CompanyOwnedFranchiseStoresMember 2018-12-31 0001502034 gnc:CompanyOwnedFranchiseStoresMember 2019-01-01 2019-09-30 0001502034 gnc:WarehousesVehiclesAndOtherEquipmentMember 2019-07-01 2019-09-30 0001502034 gnc:WarehousesVehiclesAndOtherEquipmentMember 2019-01-01 2019-09-30 0001502034 gnc:CompanyOwnedFranchiseStoresMember 2019-07-01 2019-09-30 0001502034 srt:MinimumMember 2019-01-01 2019-09-30 0001502034 gnc:ViolationsofOregonUnlawfulTradePracticesActMember 2019-09-30 0001502034 gnc:DMAAClaimsMember us-gaap:DamagesFromProductDefectsMember 2019-09-30 0001502034 us-gaap:DamagesFromProductDefectsMember 2019-01-01 2019-09-30 0001502034 gnc:ElizabethNaranjoCaliforniaWageandBreakClaimsMember 2012-02-29 2012-02-29 0001502034 gnc:SubpoenaFromDepartmentofJusticeRelatedtoUSPLabsMember 2016-12-01 2016-12-31 0001502034 gnc:PrivatePlacementFirstSubsequentIssuanceMember 2019-01-02 2019-01-02 0001502034 us-gaap:RedeemableConvertiblePreferredStockMember us-gaap:PrivatePlacementMember 2018-02-13 2018-02-13 0001502034 us-gaap:SeriesAPreferredStockMember 2019-09-30 0001502034 gnc:PrivatePlacementSecondSubsequentIssuanceMember 2019-02-13 2019-02-13 0001502034 us-gaap:RedeemableConvertiblePreferredStockMember us-gaap:PrivatePlacementMember 2018-02-13 0001502034 us-gaap:RedeemableConvertiblePreferredStockMember us-gaap:PrivatePlacementMember 2018-11-08 2018-11-08 0001502034 us-gaap:RedeemableConvertiblePreferredStockMember 2019-09-30 0001502034 us-gaap:RedeemableConvertiblePreferredStockMember 2019-01-01 2019-09-30 0001502034 us-gaap:SeriesAPreferredStockMember 2019-01-01 2019-09-30 0001502034 gnc:PrivatePlacementInitialIssuanceMember 2018-11-09 2018-11-09 0001502034 us-gaap:StockCompensationPlanMember 2018-07-01 2018-09-30 0001502034 us-gaap:ConvertiblePreferredStockMember 2019-07-01 2019-09-30 0001502034 us-gaap:ConvertiblePreferredStockMember 2019-01-01 2019-09-30 0001502034 us-gaap:StockCompensationPlanMember 2019-07-01 2019-09-30 0001502034 us-gaap:ConvertibleDebtSecuritiesMember 2019-01-01 2019-09-30 0001502034 gnc:MarketVestingRestrictedStockAwardsMember 2018-01-01 2018-09-30 0001502034 gnc:TimebasedEmployeeStockOptionsAndRestrictedStockMember 2019-07-01 2019-09-30 0001502034 gnc:TimebasedEmployeeStockOptionsAndRestrictedStockMember 2018-01-01 2018-09-30 0001502034 gnc:PerformanceVestingRestrictedStockAwardsMember 2018-07-01 2018-09-30 0001502034 gnc:TimebasedEmployeeStockOptionsAndRestrictedStockMember 2018-07-01 2018-09-30 0001502034 gnc:MarketVestingRestrictedStockAwardsMember 2018-07-01 2018-09-30 0001502034 gnc:MarketVestingRestrictedStockAwardsMember 2019-01-01 2019-09-30 0001502034 gnc:PerformanceVestingRestrictedStockAwardsMember 2019-07-01 2019-09-30 0001502034 gnc:TimebasedEmployeeStockOptionsAndRestrictedStockMember 2019-01-01 2019-09-30 0001502034 gnc:MarketVestingRestrictedStockAwardsMember 2019-07-01 2019-09-30 0001502034 gnc:PerformanceVestingRestrictedStockAwardsMember 2019-01-01 2019-09-30 0001502034 gnc:PerformanceVestingRestrictedStockAwardsMember 2018-01-01 2018-09-30 0001502034 us-gaap:StockCompensationPlanMember 2019-01-01 2019-09-30 0001502034 us-gaap:ConvertibleDebtSecuritiesMember 2019-07-01 2019-09-30 0001502034 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0001502034 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:ManufacturingorWholesaleSegmentMember 2019-07-01 2019-09-30 0001502034 srt:ReportableLegalEntitiesMember gnc:ManufacturingorWholesaleSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember 2019-07-01 2019-09-30 0001502034 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:ManufacturingorWholesaleSegmentMember 2019-01-01 2019-09-30 0001502034 us-gaap:OperatingSegmentsMember 2019-01-01 2019-09-30 0001502034 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember 2018-07-01 2018-09-30 0001502034 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0001502034 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0001502034 us-gaap:OperatingSegmentsMember 2018-01-01 2018-09-30 0001502034 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001502034 srt:ReportableLegalEntitiesMember gnc:ManufacturingorWholesaleSegmentMember 2018-01-01 2018-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:ManufacturingorWholesaleSegmentMember 2018-01-01 2018-09-30 0001502034 srt:ReportableLegalEntitiesMember gnc:ManufacturingorWholesaleSegmentMember 2018-07-01 2018-09-30 0001502034 srt:ReportableLegalEntitiesMember gnc:ManufacturingorWholesaleSegmentMember 2019-07-01 2019-09-30 0001502034 us-gaap:IntersegmentEliminationMember gnc:ManufacturingorWholesaleSegmentMember 2018-07-01 2018-09-30 xbrli:pure gnc:segment iso4217:USD xbrli:shares gnc:interest_rate_swap gnc:country iso4217:USD gnc:joint_ventures xbrli:shares gnc:lawsuit gnc:tranche gnc:action
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 10-Q
 
(Mark one)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
 
For the quarterly period ended
September 30, 2019
 
 
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
 
For the transition period from                     to                     .
 
Commission File Number:  001-35113
 GNC Holdings, Inc.
(Exact name of registrant as specified in its charter)
Delaware
20-8536244
(State or other jurisdiction of
(I.R.S. Employer
Incorporation or organization)
Identification No.)
 
 
 
300 Sixth Avenue
15222
Pittsburgh,
Pennsylvania
(Zip Code)
(Address of principal executive offices)
 
 
Registrant’s telephone number, including area code:  (412) 288-4600
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
 
Trading Symbol
 
Name of each exchange on which registered
Class A common stock, par value $0.001 per share
 
GNC
 
New York Stock Exchange
 
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.                   Yes No
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).                             Yes No
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company or an emerging growth company.  See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growth company" in Rule 12b-2 of the Exchange Act:
Large accelerated filer
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.                                                      
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
Yes No
 
As of October 18, 2019, there were 84,565,337 outstanding shares of Class A common stock, par value $0.001 per share (the “common stock”), of GNC Holdings, Inc.


Table of Contents

TABLE OF CONTENTS
 
 
 
 
 
PAGE
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



Table of Contents

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements
 
GNC HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(unaudited)
(in thousands)
 
September 30, 2019
 
December 31, 2018
Current assets:
 
Cash and cash equivalents
$
121,857


$
67,224

Receivables, net
111,053


127,317

Inventory (Note 4)
394,763


465,572

Forward contracts for the issuance of convertible preferred stock

 
88,942

Prepaid and other current assets
17,378


55,109

Total current assets
645,051

 
804,164

Long-term assets:
 

 
 

Goodwill
79,041


140,764

Brand name
300,720


300,720

Other intangible assets, net
72,710


92,727

Property, plant and equipment, net
89,104


155,095

Right-of-use assets (Note 8)
362,774

 

Equity method investments (Note 6)
99,729

 

Other long-term assets
34,752


34,380

Total long-term assets
1,038,830

 
723,686

Total assets
$
1,683,881

 
$
1,527,850

Current liabilities:
 

 
 

Accounts payable
$
166,527


$
148,782

Current portion of long-term debt (Note 5)
152,919


158,756

Current lease liabilities (Note 8)
115,473

 

Deferred revenue and other current liabilities
97,169


120,169

Total current liabilities
532,088

 
427,707

Long-term liabilities:
 

 
 

Long-term debt (Note 5)
705,667


993,566

Deferred income taxes
15,223


39,834

Lease liabilities (Note 8)
347,658

 

Other long-term liabilities
47,518


82,249

Total long-term liabilities
1,116,066

 
1,115,649

Total liabilities
1,648,154

 
1,543,356

Contingencies (Note 9)


 


 
 
 
 
Mezzanine equity:
 
 
 
  Convertible preferred stock (Note 10)
211,395

 
98,804

 
 
 
 
Stockholders’ deficit:
 

 
 

Common stock
130

 
130

Additional paid-in capital
1,011,857


1,007,827

Retained earnings
552,095


613,637

Treasury stock, at cost
(1,725,349
)

(1,725,349
)
Accumulated other comprehensive loss
(14,401
)

(10,555
)
Total stockholders’ deficit
(175,668
)
 
(114,310
)
Total liabilities, mezzanine equity and stockholders’ deficit
$
1,683,881

 
$
1,527,850

 
The accompanying notes are an integral part of the Consolidated Financial Statements.

1

Table of Contents

GNC HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(unaudited)
(in thousands, except per share amounts)

 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
Revenue (Note 3)
$
499,076

 
$
580,185

 
$
1,597,837

 
$
1,805,662

Cost of sales, including warehousing, distribution and occupancy
336,448

 
395,483

 
1,038,374

 
1,206,351

Gross profit
162,628

 
184,702

 
559,463

 
599,311

Selling, general, and administrative
135,795

 
149,903

 
427,938

 
469,164

Long-lived asset impairments

 
14,556

 

 
14,556

Loss on net asset exchange for the formation of the joint ventures (Note 6)

 

 
21,293

 

Other loss (income), net
179

 
282

 
(622
)
 
357

Operating income
26,654

 
19,961

 
110,854

 
115,234

Interest expense, net (Note 5)
24,456

 
35,732

 
82,376

 
90,448

Gain on convertible debt repurchase

 

 
(3,214
)
 

Loss on forward contracts for the issuance of convertible preferred stock

 

 
16,787

 

Loss on debt refinancing

 

 

 
16,740

Income (loss) before income taxes
2,198

 
(15,771
)
 
14,905

 
8,046

Income tax expense (benefit) (Note 13)
5,733

 
(7,181
)
 
20,719

 
(2,895
)
(Loss) income before income from equity method investments
(3,535
)
 
(8,590
)
 
(5,814
)
 
10,941

Income from equity method investments (Note 6)
1,117

 

 
4,192

 

Net (loss) income
$
(2,418
)
 
$
(8,590
)
 
$
(1,622
)
 
$
10,941

(Loss) earnings per share (Note 11):
 

 
 

 
 
 
 
Basic
$
(0.09
)
 
$
(0.10
)
 
$
(0.18
)
 
$
0.13

Diluted
$
(0.09
)
 
$
(0.10
)
 
$
(0.18
)
 
$
0.13

Weighted average common shares outstanding (Note 11):
 

 
 

 
 
 
 
Basic
83,823

 
83,412

 
83,667

 
83,326

Diluted
83,823

 
83,412

 
83,667

 
83,431

 
The accompanying notes are an integral part of the Consolidated Financial Statements.


2

Table of Contents

GNC HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Comprehensive Income
(unaudited)
(in thousands)
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
 
 
 
 
 
 
Net (loss) income
$
(2,418
)
 
$
(8,590
)
 
$
(1,622
)
 
$
10,941

Other comprehensive (loss) gain:
 

 
 

 
 
 
 
 Net change in interest rate swaps:
 
 
 
 
 
 
 
Periodic revaluation of interest rate swap, net of tax(1)
(310
)
 
963

 
(4,605
)
 
(212
)
Reclassification adjustment for interest recognized in Consolidated Statement of Operations, net of tax(2)
421

 
610

 
925

 
623

 Net change in unrecognized gain (loss) on interest rate swaps, net of tax
111

 
1,573

 
(3,680
)
 
411

 Foreign currency translation (loss) gain
(791
)
 
834

 
(166
)
 
(962
)
Other comprehensive (loss) gain
(680
)
 
2,407

 
(3,846
)
 
(551
)
Comprehensive (loss) income
$
(3,098
)
 
$
(6,183
)
 
$
(5,468
)
 
$
10,390


(1)
Net of tax benefit of $0.1 million and tax expense of $0.4 million, respectively, for the three months ended September 30, 2019 and 2018, and net of tax benefit of $2.1 million and $0.1 million, respectively, for the nine months ended September 30, 2019 and 2018.
(2)
Net of tax expense of $0.1 million and $0.3 million, respectively, for the three months ended September 30, 2019 and 2018, and net of tax expense of $0.4 million and $0.3 million, respectively, for the nine months ended September 30, 2019 and 2018.
 

The accompanying notes are an integral part of the Consolidated Financial Statements.


3

Table of Contents

GNC HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Stockholders’ Deficit
(unaudited)
(in thousands)

 
Common Stock
 
Treasury Stock
 
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Total
Stockholders’
Deficit
 
Class A
 
 
 
 
 
 
Shares
 
Dollars
 
 
 
 
 
Balance at December 31, 2018
83,886

 
$
130

 
$
(1,725,349
)
 
$
1,007,827

 
$
613,637

 
$
(10,555
)
 
$
(114,310
)
Impact of the adoption of ASC 842

 

 

 

 
(59,936
)
 

 
(59,936
)
Comprehensive income

 

 

 

 
(15,262
)
 
(790
)
 
(16,052
)
Restricted stock awards
121

 

 

 

 

 

 

Minimum tax withholding requirements
(41
)
 

 

 
(120
)
 

 

 
(120
)
Stock-based compensation

 

 

 
1,334

 

 

 
1,334

Balance at March 31, 2019
83,966

 
130

 
(1,725,349
)
 
1,009,041

 
538,439

 
(11,345
)
 
(189,084
)
Comprehensive income

 

 

 

 
16,058

 
(2,376
)
 
13,682

Restricted stock awards
628

 

 

 

 

 

 

Minimum tax withholding requirements
(15
)
 

 

 
(28
)
 

 

 
(28
)
Stock-based compensation

 

 

 
1,658

 

 

 
1,658

Repurchase of convertible notes

 

 

 
(80
)
 

 

 
(80
)
Balance at June 30, 2019
84,579

 
130

 
(1,725,349
)
 
1,010,591

 
554,497

 
(13,721
)
 
(173,852
)
Comprehensive income

 

 

 

 
(2,418
)
 
(680
)
 
(3,098
)
Dividend forfeitures on restricted stock

 

 

 

 
16

 

 
16

Restricted stock awards
19

 

 

 

 

 

 

Minimum tax withholding requirements
(34
)
 

 

 
(85
)
 

 

 
(85
)
Stock-based compensation

 

 

 
1,351

 

 

 
1,351

Balance at September 30, 2019
84,564

 
130

 
(1,725,349
)
 
1,011,857

 
552,095

 
(14,401
)
 
(175,668
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at December 31, 2017
83,567

 
$
130

 
$
(1,725,349
)
 
$
1,001,315

 
$
543,814

 
$
(5,831
)
 
$
(185,921
)
Comprehensive income

 

 

 

 
6,190

 
(846
)
 
5,344

Dividend forfeitures on restricted stock

 

 

 

 
42

 

 
42

Restricted stock awards
149

 

 

 

 

 

 

Minimum tax withholding requirements
(54
)
 

 

 
(223
)
 

 

 
(223
)
Stock-based compensation

 

 

 
1,512

 

 

 
1,512

Balance at March 31, 2018
83,662

 
130

 
(1,725,349
)
 
1,002,604

 
550,046

 
(6,677
)
 
(179,246
)
Comprehensive income

 

 

 

 
13,341

 
(2,112
)
 
11,229

Restricted stock awards
229

 

 

 

 

 

 

Minimum tax withholding requirements
(3
)
 

 

 
(3
)
 

 

 
(3
)
Stock-based compensation

 

 

 
1,962

 

 

 
1,962

Balance at June 30, 2018
83,888

 
130

 
(1,725,349
)
 
1,004,563

 
563,387

 
(8,789
)
 
(166,058
)
Comprehensive income

 

 

 

 
(8,590
)
 
2,407

 
(6,183
)
Restricted stock awards
19

 

 

 

 

 

 

Minimum tax withholding requirements
(22
)
 

 

 
(70
)
 

 

 
(70
)
Stock-based compensation

 

 

 
1,628

 

 

 
1,628

Balance at September 30, 2018
83,885

 
130

 
(1,725,349
)
 
1,006,121

 
554,797

 
(6,382
)
 
$
(170,683
)
 
The accompanying notes are an integral part of the Consolidated Financial Statements.


4

Table of Contents

GNC HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Cash Flows
(unaudited)
(in thousands)
 
Nine months ended September 30,
 
2019
 
2018
Cash flows from operating activities:

Net (loss) income
$
(1,622
)

$
10,941

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
 


 

Depreciation and amortization expense
27,170


36,002

Income from equity method investments
(4,192
)
 

Amortization of debt costs
16,491


14,583

Stock-based compensation
4,343


5,102

Long-lived asset impairments

 
14,556

Loss on forward contracts related to the issuance of convertible preferred stock
16,787



Loss on net asset exchange for the formation of the joint ventures
21,293

 

Gain on convertible notes repurchase
(3,214
)
 

Gains on refranchising
(440
)
 
(276
)
Loss on debt refinancing

 
16,740

Third-party fees associated with refinancing

 
(16,322
)
Distributions received from equity method investments
791

 

Changes in assets and liabilities:





Increase in receivables
(4,933
)

(6,080
)
Decrease (increase) in inventory
9,718


(5,794
)
Increase in prepaid and other current assets
(843
)

(6,552
)
Increase in accounts payable
48,795


6,860

Decrease in deferred revenue and accrued liabilities
(9,456
)

(10,565
)
Decrease in net lease liabilities
(25,382
)
 

Other operating activities
2,332


(3,506
)
Net cash provided by operating activities
97,638


55,689

 





Cash flows from investing activities:
 


 

Capital expenditures
(10,933
)

(13,355
)
Refranchising proceeds, net of store acquisition costs
2,062


1,916

Proceeds from net asset exchange
99,221

 

Capital contribution to the newly formed joint ventures
(13,079
)
 

Net cash provided by (used in) investing activities
77,271


(11,439
)
 





Cash flows from financing activities:
 


 

Borrowings under revolving credit facility
22,000


261,500

Payments on revolving credit facility
(22,000
)

(261,500
)
Proceeds from the issuance of convertible preferred stock
199,950

 

Payments on Tranche B-1 Term Loan
(147,312
)
 
(3,413
)
Payments on Tranche B-2 Term Loan
(123,774
)
 
(32,100
)
Payments on convertible notes repurchase
(24,708
)
 

Original issuance discount and revolving credit facility fees
(10,365
)

(35,235
)
Fees associated with the issuance of convertible preferred stock
(12,814
)
 
(3,443
)
Minimum tax withholding requirements
(233
)

(296
)
Net cash used in financing activities
(119,256
)

(74,487
)
 





Effect of exchange rate changes on cash and cash equivalents
(1,020
)

(416
)
Net increase (decrease) in cash and cash equivalents
54,633


(30,653
)
Beginning balance, cash and cash equivalents
67,224


64,001

Ending balance, cash and cash equivalents
$
121,857


$
33,348

 The accompanying notes are an integral part of the Consolidated Financial Statements.

5

Table of Contents

GNC HOLDINGS, INC. AND SUBSIDIARIES
Supplemental Cash Flow Information
(unaudited)



 
As of September 30,
 
2019
 
2018
Non-cash investing activities:
(in thousands)
Capital expenditures in current liabilities
$
1,050

 
$
1,177

Non-cash financing activities:
 
 
 
Original issuance discount (Note 5)
$

 
$
13,231


Refer to Note 8, "Leases" for supplemental cash flow information related to the Company's leases.


The accompanying notes are an integral part of the Consolidated Financial Statements.


6

Table of Contents

GNC HOLDINGS, INC. AND SUBSIDIARIES
Condensed Notes to the Unaudited Consolidated Financial Statements

NOTE 1.  NATURE OF BUSINESS
GNC Holdings, Inc., a Delaware corporation (“Holdings,” and collectively with its subsidiaries and, unless the context requires otherwise, its and their respective predecessors, the “Company”), is a global health and wellness brand with a diversified, omni-channel business. The Company's assortment of performance and nutritional supplements, vitamins, herbs and greens, health and beauty, food and drink and other general merchandise features innovative private-label products as well as nationally recognized third-party brands, many of which are exclusive to GNC. 
The Company's operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products through its three reportable segments, U.S. and Canada, International, and Manufacturing / Wholesale (refer to Note 12, "Segments" for more information). Corporate retail store operations are located in the United States, Canada, Puerto Rico and Ireland. In addition, the Company offers products on the internet through GNC.com and third-party websites. Franchise locations exist in the United States and approximately 50 other countries. Additionally, the Company licenses the use of its trademarks and trade names.
In February 2019, the Company entered into two joint ventures with Harbin Pharmaceutical Group Co., Ltd ("Harbin") to operate its e-commerce business in China (the "HK JV") and retail business in China (the "China JV"), which will accelerate its presence and maximize the Company's opportunities for growth in the Chinese supplement market. Under the terms of the agreement, the Company contributed its China business and retained 35% equity interest in the HK JV and China JV.
In March 2019, the Company entered into a strategic joint venture with International Vitamin Corporation ("IVC") regarding the Company's manufacturing business (the "Manufacturing JV"), which enables the Company to increase its focus on product innovation while IVC manages manufacturing and integrates with the Company's supply chain thereby driving more efficient usage of capital. Under the terms of the agreement, the Company received $101 million and contributed its Nutra manufacturing and Anderson facility net assets in exchange for an initial 43% equity interest in the Manufacturing JV. During the second quarter of 2019, the Company recognized a $1.8 million working capital purchase price adjustment, which was settled in the third quarter of 2019. Over the next four years, GNC expects to receive an additional $75 million from IVC, adjusted up or down based on the Manufacturing JV's future performance, as IVC’s ownership of the joint venture increases to 100%.
NOTE 2.  BASIS OF PRESENTATION  
The accompanying unaudited Consolidated Financial Statements, which have been prepared in accordance with the applicable rules of the Securities and Exchange Commission ("SEC"), include all adjustments (of a normal and recurring nature) that management considers necessary to fairly state the Company's results of operations, financial position and cash flows. The December 31, 2018 Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America (“U.S. GAAP”). These interim Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and Footnotes included in the Company’s audited financial statements in its Annual Report on Form 10-K for the year ended December 31, 2018, as filed with the SEC on March 13, 2019 (the "2018 10-K"). Interim results are not necessarily indicative of the results that may be expected for the remainder of the year ending December 31, 2019.
Recently Adopted Accounting Pronouncements

Adoption of the New Lease Standard

In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-02, which requires lessees to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments for all leases with a term greater than 12 months. This standard is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2018 and is required to be applied using a modified retrospective approach. In July 2018, the FASB issued ASU 2018-11, which provides companies with the option to apply the new lease standard either at the beginning of the earliest comparative period presented or in the period of adoption. The Company adopted ASU 2016-02 and its related amendments (collectively known as "ASC 842") during the first quarter of fiscal 2019 electing the optional transition relief amendment that allows for a cumulative-effect adjustment in the period of adoption and did not restate prior periods.  In transitioning to ASC

7

Table of Contents

842, the Company elected to use the practical expedient package available under the guidance for leases that commenced before the effective date and did not elect to use hindsight. The Company has implemented a new lease management and accounting system and updated its processes and internal controls to comply with the new standard.

The Company leases substantially all of its retail stores in the U.S. and Canada segment, including most of the domestic franchise stores that are leased and subleased to franchisees, its distribution centers in the United States and retail stores in Ireland. In addition, the Company has leased office locations and vehicle and equipment leases to support our store and supply chain operations. All of the Company's leases are classified as operating leases.

The Company determines if a contract contains a lease at inception. The lease liabilities are recognized based on the present value of the future minimum lease payments over the term at the commencement date for leases exceeding 12 months. The lease agreements generally contain lease and non-lease components. Non-lease components primarily include payments for maintenance and utilities. The minimum lease payments include only fixed lease components, as well as any variable rate payments that depend on an index, initially measured using the index at the lease commencement date. Lease terms may include options to renew when it is reasonably certain that the Company will exercise an option. The Company estimates its incremental borrowing rate, which was estimated to approximate the interest rate on a collateralized basis with similar terms and payments for each lease, using a portfolio approach. The right-of-use assets recognized are initially equal to the lease liability, adjusted for any lease payments made on or before the commencement dates and lease incentives.

The Company recognized lease liabilities of $550.2 million on January 1, 2019. A right-of-use asset of $504.2 million was recognized based on the lease liability, adjusted for the reclassification of deferred rent of $53.3 million and prepaid rent of $7.3 million. Additionally, the Company recognized $79.8 million of right-of-use asset impairment charges related to certain of the Company's stores for which it was previously determined that the carrying value of the stores' assets were not recoverable. The right-of-use asset impairment charges were recorded as a reduction to January 1, 2019 (opening day) retained earnings, net of tax of $19.8 million. The new lease standard has no impact on the timing or classification of the Company's cash flows as reported in the Consolidated Statement of Cash Flows.

The lease liabilities for the operating leases are amortized using the effective interest method. The right-of-use asset is amortized by taking the difference between total rent expense recorded on straight-line basis and the lease liability amortization. When the right-of-use asset for an operating lease is impaired, lease expense is no longer recognized on a straight-line basis. For impaired leases, the Company continues to amortize the lease liability using the same effective interest method as before the impairment charge and the right-of-use asset is amortized on a straight-line basis.

Refer to Note 8 "Leases" for additional information.

Recently Issued Accounting Pronouncements
In August 2018, the FASB issued ASU 2018-15, which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-used software. This standard is effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect the adoption of the new standard to have a material impact on its Consolidated Financial Statements.

8

Table of Contents

NOTE 3.  REVENUE  
Revenue is recognized when obligations under the terms of a contract with the customer are satisfied. Generally, this occurs with the transfer of control of products or services. The Company satisfies performance obligations either over time or at a point in time as discussed in further detail below. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing services. Applicable sales tax collected concurrent with revenue-producing activities is excluded from revenue.
U.S. and Canada Revenue
The following is a summary of revenue disaggregated by major source in the U.S. and Canada segment:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
U.S. company-owned product sales: (1)
(in thousands)
   Protein
$
73,103

 
$
76,738

 
$
230,520

 
$
251,480

   Performance supplements
70,704

 
68,809

 
218,565

 
217,525

   Weight management
22,279

 
29,575

 
82,665

 
108,048

   Vitamins
43,107

 
48,322

 
135,099

 
148,188

   Herbs / Greens
13,939

 
15,872

 
45,348

 
48,975

   Wellness
41,995

 
46,245

 
135,565

 
143,626

   Health / Beauty
44,356

 
43,332

 
137,279

 
138,911

   Food / Drink
23,806

 
28,325

 
78,308

 
82,394

   General merchandise
5,051

 
5,637

 
17,370

 
18,577

Total U.S. company-owned product sales
$
338,340

 
$
362,855

 
$
1,080,719

 
$
1,157,724

Wholesale sales to franchisees
55,729

 
58,199

 
173,855

 
176,034

Royalties and franchise fees
7,592

 
7,939

 
24,239

 
25,219

Sublease income
10,508

 
11,087

 
31,982

 
34,485

Cooperative advertising and other franchise support fees
4,558

 
4,739

 
14,379

 
16,245

Other (2)
28,007

 
31,700

 
84,777

 
96,543

Total U.S. and Canada revenue
$
444,734

 
$
476,519

 
$
1,409,951

 
$
1,506,250

(1)
Includes e-commerce sales.
(2)
Includes revenue primarily related to operations in Canada and the loyalty programs, myGNC Rewards and PRO Access, as further discussed below.
International Revenues
The following is a summary of revenue disaggregated by major source in the International reportable segment:
 
Three months ended September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
 
(in thousands)
Wholesale sales to franchisees
$
22,965

 
$
32,321

 
$
75,421

 
$
81,266

Royalties and franchise fees
6,792

 
7,150

 
19,111

 
20,347

Other (1)
7,183

 
11,936

 
22,779

 
38,494

Total International revenue
$
36,940

 
$
51,407

 
$
117,311

 
$
140,107

(1)
Includes revenue related to China operations prior to the transfer of the China business to the HK JV and China JV, which was effective February 13, 2019, wholesale sales to the HK JV and China JV, and revenue from company-owned locations in Ireland.

9