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SEGMENT INFORMATION | 12 Months Ended
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Jun. 24, 2020
Segment Information [Abstract] |
SEGMENT INFORMATION | Our operating segments are Chili’s and Maggiano’s. The Chili’s segment includes the results of our Company-owned Chili’s restaurants principally in the United States, within the full-service casual dining segment of the industry. The Chili’s segment also has Company-owned restaurants in Canada, and franchised locations in the United States, 28 countries and two United States territories. The Maggiano’s segment includes the results of our Company-owned Maggiano’s restaurants in the United States as well as the results from our domestic franchise business. Company sales include revenues generated by the operation of Company-owned restaurants including gift card redemptions. Franchise and other revenues include Royalties and Franchise fees and other revenues. Franchise fees and other revenues include gift card breakage, Maggiano’s banquet service charge income, franchise advertising fees, delivery fee income, digital entertainment revenues, gift card equalization, franchise and development fees, merchandise income, retail royalty revenues, and gift card discount costs from third-party gift card sales. We do not rely on any major customers as a source of sales, and the customers and long-lived assets of our operating segments are predominantly in the United States. There were no material transactions amongst our operating segments. Our chief operating decision maker uses Operating income as the measure for assessing performance of our segments. Operating income includes revenues and expenses directly attributable to segment-level results of operations. Company restaurant expenses include Food and beverage costs, Restaurant labor, and Restaurant expenses. Restaurant expenses during the years presented primarily included restaurant rent, supplies, property and equipment maintenance, utilities, advertising expenses, credit card processing fees and property taxes. The following tables reconcile our segment results to the consolidated results reported in accordance with GAAP:
| Fiscal Year Ended June 24, 2020
| Chili’s(2) |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 2,673.5 |  |  | $ | 331.4 |  |  | $ | — |  |  | $ | 3,004.9 |
Royalties | 33.7 |  |  | 0.2 |  |  | — |  |  | 33.9 |
Franchise fees and other revenues | 24.5 |  |  | 15.2 |  |  | — |  |  | 39.7 |
Franchise and other revenues | 58.2 |  |  | 15.4 |  |  | — |  |  | 73.6 |
Total revenues | 2,731.7 |  |  | 346.8 |  |  | — |  |  | 3,078.5 |
Company restaurant expenses(1) | 2,363.2 |  |  | 306.1 |  |  | 0.6 |  |  | 2,669.9 |
Depreciation and amortization | 133.9 |  |  | 15.4 |  |  | 13.0 |  |  | 162.3 |
General and administrative | 32.1 |  |  | 5.7 |  |  | 98.5 |  |  | 136.3 |
Other (gains) and charges | 35.3 |  |  | 6.8 |  |  | 5.3 |  |  | 47.4 |
Total operating costs and expenses | 2,564.5 |  |  | 334.0 |  |  | 117.4 |  |  | 3,015.9 |
Operating income (loss) | 167.2 |  |  | 12.8 |  |  | (117.4 | ) |  | 62.6 |
Interest expenses | 4.6 |  |  | — |  |  | 55.0 |  |  | 59.6 |
Other (income), net | (0.6 | ) |  | — |  |  | (1.3 | ) |  | (1.9 | )
Income (loss) before income taxes | $ | 163.2 |  |  | $ | 12.8 |  |  | $ | (171.1 | ) |  | $ | 4.9 |
Segment assets(3) | $ | 1,967.3 |  |  | $ | 228.2 |  |  | $ | 160.5 |  |  | $ | 2,356.0 |
Payments for property and equipment | 88.2 |  |  | 8.1 |  |  | 8.2 |  |  | 104.5 |
| Fiscal Year Ended June 26, 2019
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 2,692.6 |  |  | $ | 413.6 |  |  | $ | — |  |  | $ | 3,106.2 |
Royalties | 52.8 |  |  | 0.3 |  |  | — |  |  | 53.1 |
Franchise fees and other revenues | 36.8 |  |  | 21.8 |  |  | — |  |  | 58.6 |
Franchise and other revenues | 89.6 |  |  | 22.1 |  |  | — |  |  | 111.7 |
Total revenues | 2,782.2 |  |  | 435.7 |  |  | — |  |  | 3,217.9 |
Company restaurant expenses(1) | 2,329.6 |  |  | 364.8 |  |  | 0.6 |  |  | 2,695.0 |
Depreciation and amortization | 120.1 |  |  | 16.2 |  |  | 11.3 |  |  | 147.6 |
General and administrative | 38.7 |  |  | 6.1 |  |  | 104.3 |  |  | 149.1 |
Other (gains) and charges(4) | (6.4 | ) |  | 1.0 |  |  | 0.9 |  |  | (4.5 | )
Total operating costs and expenses | 2,482.0 |  |  | 388.1 |  |  | 117.1 |  |  | 2,987.2 |
Operating income (loss) | 300.2 |  |  | 47.6 |  |  | (117.1 | ) |  | 230.7 |
Interest expenses | 3.2 |  |  | 0.3 |  |  | 58.1 |  |  | 61.6 |
Other (income), net | — |  |  | — |  |  | (2.7 | ) |  | (2.7 | )
Income (loss) before income taxes | $ | 297.0 |  |  | $ | 47.3 |  |  | $ | (172.5 | ) |  | $ | 171.8 |
Segment assets | $ | 1,002.8 |  |  | $ | 163.9 |  |  | $ | 91.6 |  |  | $ | 1,258.3 |
Payments for property and equipment | 129.1 |  |  | 10.8 |  |  | 27.7 |  |  | 167.6 |
| Fiscal Year Ended June 27, 2018
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 2,628.3 |  |  | $ | 413.2 |  |  | $ | — |  |  | $ | 3,041.5 |
Franchise and other revenues | 71.9 |  |  | 22.0 |  |  | — |  |  | 93.9 |
Total revenues | 2,700.2 |  |  | 435.2 |  |  | — |  |  | 3,135.4 |
Company restaurant expenses(1) | 2,224.0 |  |  | 362.8 |  |  | 0.6 |  |  | 2,587.4 |
Depreciation and amortization | 125.0 |  |  | 15.9 |  |  | 10.5 |  |  | 151.4 |
General and administrative | 39.6 |  |  | 5.5 |  |  | 90.9 |  |  | 136.0 |
Other (gains) and charges | 24.5 |  |  | 1.1 |  |  | 8.9 |  |  | 34.5 |
Total operating costs and expenses | 2,413.1 |  |  | 385.3 |  |  | 110.9 |  |  | 2,909.3 |
Operating income (loss) | 287.1 |  |  | 49.9 |  |  | (110.9 | ) |  | 226.1 |
Interest expenses | — |  |  | — |  |  | 59.0 |  |  | 59.0 |
Other (income), net | — |  |  | — |  |  | (3.1 | ) |  | (3.1 | )
Income (loss) before income taxes | $ | 287.1 |  |  | $ | 49.9 |  |  | $ | (166.8 | ) |  | $ | 170.2 |
Payments for property and equipment | $ | 85.3 |  |  | $ | 7.6 |  |  | $ | 8.4 |  |  | $ | 101.3 |
(1) | Company restaurant expenses include Food and beverage costs, Restaurant labor and Restaurant expenses, including advertising expenses. Fiscal 2020 and fiscal 2019, are presented under the ASC 606 revenue accounting standard such that advertising contributions received from Chili’s franchisees are recorded as Franchise fees and other revenues, which differs from fiscal 2018 that included advertising contributions on a net basis within Company restaurant expenses.
(2) | Chili’s segment information for fiscal 2020 includes the results of operations and fair value of assets and goodwill related to the 116 restaurants purchased from a former franchisee since the September 5, 2019 acquisition date. Refer to Note 3 - Chili's Restaurant Acquisition for further details.
(3) | Segment assets for fiscal 2020 are presented in accordance with the newly adopted ASC 842 lease accounting standard that now include Operating lease assets. Refer to Note 4 - Leases for further details.
(4) Other (gains) and charges in fiscal 2019 included the net impact from our completed sale leaseback transactions of 151 Company-owned Chili’s restaurant properties and one Maggiano’s property. As part of this transaction, we sold the related restaurant fixed assets, net of accumulated depreciation, totaling $185.3 million. Chili’s recognized a $26.8 million, and Maggiano’s recognized a $0.5 million 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. Refer to Note 4 - Leases for further details.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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