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SEGMENT INFORMATION (Tables)

3 Months Ended

Sep. 26, 2018

Segment Reporting [Abstract]

Schedule of Information, by Segment

The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:

	Thirteen Week Period Ended September 26, 2018
	ASC 606
	Chili’s				Maggiano’s				Other				Consolidated
Company sales	$	640.3			$	88.0			$	—			$	728.3
Royalties	12.9				—				—				12.9
Advertising fees	5.1				—				—				5.1
Franchise fees and other revenues	3.5				4.0				—				7.5
Total revenues	661.8				92.0				—				753.8
Company restaurant expenses (1)	563.1				83.9				0.2				647.2
Depreciation and amortization	30.5				4.0				2.5				37.0
General and administrative	8.8				1.7				23.3				33.8
Other gains and charges (2)	(12.3		)		—				1.2				(11.1		)
Total operating costs and expenses	590.1				89.6				27.2				706.9
Operating income (loss)	71.7				2.4				(27.2		)		46.9
Interest expense	1.0				0.1				14.5				15.6
Other, net	—				—				(0.8		)		(0.8		)
Income (loss) before provision for income taxes	$	70.7			$	2.3			$	(40.9	)		$	32.1
Segment assets (2)	$	1,002.8			$	149.4			$	91.8			$	1,244.0
Segment goodwill	125.6				38.4				—				164.0
Payments for property and equipment	22.7				3.2				5.3				31.2

	Thirteen Week Period Ended September 27, 2017
	Legacy GAAP
	Chili’s				Maggiano’s				Other				Consolidated
Company sales	$	627.6			$	89.3			$	—			$	716.9
Franchise and other revenues	18.3				4.2				—				22.5
Total revenues	645.9				93.5				—				739.4
Company restaurant expenses(1)	541.4				85.3				0.1				626.8
Depreciation and amortization	31.8				4.0				2.7				38.5
General and administrative	9.6				1.3				21.4				32.3
Other gains and charges	12.1				(0.2		)		1.3				13.2
Total operating costs and expenses	594.9				90.4				25.5				710.8
Operating income (loss)	51.0				3.1				(25.5		)		28.6
Interest expense	—				—				13.9				13.9
Other, net	—				—				(0.5		)		(0.5		)
Income (loss) before provision for income taxes	$	51.0			$	3.1			$	(38.9	)		$	15.2
Equity method investment (3)	$	10.5			$	—			$	—			$	10.5
Payments for property and equipment	$	18.6			$	2.4			$	1.4			$	22.4

⁽¹⁾  Company restaurant expenses include Cost of sales, Restaurant labor, and Restaurant expenses including advertising. With the adoption of ASC 606, for the thirteen week period ended September 26, 2018 advertising contributions received from Chili’s franchisees are recorded as Advertising fees within Total revenues, which differs from the thirteen week period ended September 27, 2017 that includes Chili’s franchise advertising contributions recorded on a net basis within Company restaurant expenses.

⁽²⁾  During the thirteen week period ended September 26, 2018 we completed sale leaseback transactions of 141 company-owned Chili’s restaurant properties. As part of this transaction, we sold the related restaurant fixed assets totaling $166.6 million, net of accumulated depreciation. Additionally, Chili’s recognized $20.1 million of gain on the sale, including a certain portion of the deferred gain, as well as transaction related costs incurred totaling $6.8 million in Other (gains) and charges on Consolidated Statements of Comprehensive Income. Please see Note 3 - Sale Leaseback Transactions for further details.

⁽³⁾ 

During the second quarter of fiscal 2018, we sold our equity interest in the Mexico joint venture.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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