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v3.19.1

SEGMENT INFORMATION (Tables) | 9 Months Ended
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Mar. 27, 2019
Segment Reporting [Abstract] |
Information by Segment | The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:
| Thirteen Week Period Ended March 27, 2019
| ASC 606
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 709.8 |  |  | $ | 101.8 |  |  | $ | — |  |  | $ | 811.6 |
Royalties | 13.4 |  |  | 0.1 |  |  | — |  |  | 13.5 |
Franchise fees and other revenues | 9.5 |  |  | 4.7 |  |  | — |  |  | 14.2 |
Total revenues | 732.7 |  |  | 106.6 |  |  | — |  |  | 839.3 |
Company restaurant expenses(1) | 604.1 |  |  | 91.2 |  |  | 0.1 |  |  | 695.4 |
Depreciation and amortization | 29.8 |  |  | 3.9 |  |  | 2.7 |  |  | 36.4 |
General and administrative | 10.5 |  |  | 1.3 |  |  | 29.0 |  |  | 40.8 |
Other gains and charges | (3.0 | ) |  | — |  |  | (0.5 | ) |  | (3.5 | )
Total operating costs and expenses | 641.4 |  |  | 96.4 |  |  | 31.3 |  |  | 769.1 |
Operating income (loss) | 91.3 |  |  | 10.2 |  |  | (31.3 | ) |  | 70.2 |
Interest expense | 0.6 |  |  | — |  |  | 14.7 |  |  | 15.3 |
Other, net | — |  |  | — |  |  | (0.6 | ) |  | (0.6 | )
Income (loss) before provision for income taxes | $ | 90.7 |  |  | $ | 10.2 |  |  | $ | (45.4 | ) |  | $ | 55.5 |
| Thirteen Week Period Ended March 28, 2018
| Legacy GAAP
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 688.9 |  |  | $ | 101.6 |  |  | $ | — |  |  | $ | 790.5 |
Franchise and other revenues | 17.2 |  |  | 4.8 |  |  | — |  |  | 22.0 |
Total revenues | 706.1 |  |  | 106.4 |  |  | — |  |  | 812.5 |
Company restaurant expenses(1) | 572.9 |  |  | 89.9 |  |  | 0.1 |  |  | 662.9 |
Depreciation and amortization | 31.0 |  |  | 3.9 |  |  | 2.6 |  |  | 37.5 |
General and administrative | 10.6 |  |  | 1.5 |  |  | 24.6 |  |  | 36.7 |
Other gains and charges | (0.1 | ) |  | — |  |  | 2.8 |  |  | 2.7 |
Total operating costs and expenses | 614.4 |  |  | 95.3 |  |  | 30.1 |  |  | 739.8 |
Operating income (loss) | 91.7 |  |  | 11.1 |  |  | (30.1 | ) |  | 72.7 |
Interest expense | — |  |  | — |  |  | 14.6 |  |  | 14.6 |
Other, net | — |  |  | — |  |  | (0.8 | ) |  | (0.8 | )
Income (loss) before provision for income taxes | $ | 91.7 |  |  | $ | 11.1 |  |  | $ | (43.9 | ) |  | $ | 58.9 |
| Thirty-Nine Week Period Ended March 27, 2019
| ASC 606
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 1,990.7 |  |  | $ | 310.7 |  |  | $ | — |  |  | $ | 2,301.4 |
Royalties | 39.5 |  |  | 0.1 |  |  | — |  |  | 39.6 |
Franchise fees and other revenues | 26.6 |  |  | 16.2 |  |  | — |  |  | 42.8 |
Total revenues | 2,056.8 |  |  | 327.0 |  |  | — |  |  | 2,383.8 |
Company restaurant expenses (1) | 1,734.3 |  |  | 275.2 |  |  | 0.5 |  |  | 2,010.0 |
Depreciation and amortization | 89.8 |  |  | 11.8 |  |  | 7.9 |  |  | 109.5 |
General and administrative | 28.4 |  |  | 4.5 |  |  | 77.1 |  |  | 110.0 |
Other gains and charges (2) | (13.9 | ) |  | — |  |  | 1.5 |  |  | (12.4 | )
Total operating costs and expenses | 1,838.6 |  |  | 291.5 |  |  | 87.0 |  |  | 2,217.1 |
Operating income (loss) | 218.2 |  |  | 35.5 |  |  | (87.0 | ) |  | 166.7 |
Interest expense | 2.3 |  |  | 0.2 |  |  | 43.8 |  |  | 46.3 |
Other, net | — |  |  | — |  |  | (2.2 | ) |  | (2.2 | )
Income (loss) before provision for income taxes | $ | 215.9 |  |  | $ | 35.3 |  |  | $ | (128.6 | ) |  | $ | 122.6 |
Segment assets (2) | $ | 1,052.4 |  |  | $ | 154.8 |  |  | $ | 56.9 |  |  | $ | 1,264.1 |
Segment goodwill | $ | 125.4 |  |  | $ | 38.4 |  |  | $ | — |  |  | $ | 163.8 |
Payments for property and equipment | $ | 96.1 |  |  | $ | 8.1 |  |  | $ | 23.8 |  |  | $ | 128.0 |
| Thirty-Nine Week Period Ended March 28, 2018
| Legacy GAAP
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 1,940.1 |  |  | $ | 310.0 |  |  | $ | — |  |  | $ | 2,250.1 |
Franchise and other revenues | 52.0 |  |  | 16.2 |  |  | — |  |  | 68.2 |
Total revenues | 1,992.1 |  |  | 326.2 |  |  | — |  |  | 2,318.3 |
Company restaurant expenses(1) | 1,648.2 |  |  | 273.1 |  |  | 0.3 |  |  | 1,921.6 |
Depreciation and amortization | 93.8 |  |  | 11.9 |  |  | 8.0 |  |  | 113.7 |
General and administrative | 29.5 |  |  | 4.3 |  |  | 68.3 |  |  | 102.1 |
Other gains and charges | 17.9 |  |  | 0.8 |  |  | 6.5 |  |  | 25.2 |
Total operating costs and expenses | 1,789.4 |  |  | 290.1 |  |  | 83.1 |  |  | 2,162.6 |
Operating income (loss) | 202.7 |  |  | 36.1 |  |  | (83.1 | ) |  | 155.7 |
Interest expense | — |  |  | — |  |  | 42.8 |  |  | 42.8 |
Other, net | — |  |  | — |  |  | (2.3 | ) |  | (2.3 | )
Income (loss) before provision for income taxes | $ | 202.7 |  |  | $ | 36.1 |  |  | $ | (123.6 | ) |  | $ | 115.2 |
Payments for property and equipment | $ | 58.6 |  |  | $ | 5.6 |  |  | $ | 5.3 |  |  | $ | 69.5 |
(1) | Company restaurant expenses include Cost of sales, Restaurant labor, and Restaurant expenses including advertising expenses. With the adoption of ASC 606, for the thirteen and thirty-nine week periods ended March 27, 2019, advertising contributions received from Chili’s franchisees are recorded as Franchise fees and other revenues within Total revenues, which differs from the thirteen and thirty-nine week periods ended
March 28, 2018 that includes Chili’s franchise advertising contributions recorded on a net basis within Company restaurant expenses. (2) During the thirty-nine week period ended March 27, 2019 we completed sale leaseback transactions of 149 company-owned Chili’s restaurant properties. As part of this transaction, we sold the related restaurant fixed assets, net of accumulated depreciation, totaling $178.6 million. Additionally, Chili’s recognized $22.0 million of gain on the sale, including a certain portion of the deferred gain, net of related transaction costs incurred in Other (gains) and charges in the Consolidated Statements of Comprehensive Income. Please see Note 3 - Sale Leaseback Transactions for further details.

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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