XML 16 R29.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

SEGMENT INFORMATION (Tables) | 6 Months Ended
--- | ---
Dec. 25, 2019
Segment Reporting [Abstract] |
Segment Information Schedule | The following tables reconcile our segment results to our consolidated results reported in accordance with GAAP:
| Thirteen Week Period Ended December 25, 2019
| Chili’s(1) |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 728.4 |  |  | $ | 119.1 |  |  | $ | — |  |  | $ | 847.5 |
Royalties | 9.9 |  |  | — |  |  | — |  |  | 9.9 |
Franchise fees and other revenues | 4.8 |  |  | 7.1 |  |  | — |  |  | 11.9 |
Franchise and other revenues | 14.7 |  |  | 7.1 |  |  | — |  |  | 21.8 |
Total revenues | 743.1 |  |  | 126.2 |  |  | — |  |  | 869.3 |
Company restaurant expenses | 640.3 |  |  | 99.2 |  |  | 0.1 |  |  | 739.6 |
Depreciation and amortization | 32.1 |  |  | 4.0 |  |  | 3.2 |  |  | 39.3 |
General and administrative | 8.5 |  |  | 1.5 |  |  | 24.6 |  |  | 34.6 |
Other (gains) and charges | 10.6 |  |  | — |  |  | 1.7 |  |  | 12.3 |
Total operating costs and expenses | 691.5 |  |  | 104.7 |  |  | 29.6 |  |  | 825.8 |
Operating income (loss) | 51.6 |  |  | 21.5 |  |  | (29.6 | ) |  | 43.5 |
Interest expenses | 1.1 |  |  | — |  |  | 13.9 |  |  | 15.0 |
Other (income), net | (0.1 | ) |  | — |  |  | (0.4 | ) |  | (0.5 | )
Income (loss) before provision for income taxes | $ | 50.6 |  |  | $ | 21.5 |  |  | $ | (43.1 | ) |  | $ | 29.0 |
| Thirteen Week Period Ended December 26, 2018
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 640.6 |  |  | $ | 120.9 |  |  | $ | — |  |  | $ | 761.5 |
Royalties | 13.2 |  |  | — |  |  | — |  |  | 13.2 |
Franchise fees and other revenues | 8.5 |  |  | 7.5 |  |  | — |  |  | 16.0 |
Franchise and other revenues | 21.7 |  |  | 7.5 |  |  | — |  |  | 29.2 |
Total revenues | 662.3 |  |  | 128.4 |  |  | — |  |  | 790.7 |
Company restaurant expenses | 567.1 |  |  | 100.1 |  |  | 0.2 |  |  | 667.4 |
Depreciation and amortization | 29.5 |  |  | 3.9 |  |  | 2.7 |  |  | 36.1 |
General and administrative | 9.1 |  |  | 1.5 |  |  | 24.8 |  |  | 35.4 |
Other (gains) and charges | 1.4 |  |  | — |  |  | 0.8 |  |  | 2.2 |
Total operating costs and expenses | 607.1 |  |  | 105.5 |  |  | 28.5 |  |  | 741.1 |
Operating income (loss) | 55.2 |  |  | 22.9 |  |  | (28.5 | ) |  | 49.6 |
Interest expenses | 0.7 |  |  | 0.1 |  |  | 14.6 |  |  | 15.4 |
Other (income), net | — |  |  | — |  |  | (0.8 | ) |  | (0.8 | )
Income (loss) before provision for income taxes | $ | 54.5 |  |  | $ | 22.8 |  |  | $ | (42.3 | ) |  | $ | 35.0 |
| Twenty-Six Week Period Ended December 25, 2019
| Chili’s(1) |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 1,405.9 |  |  | $ | 205.5 |  |  | $ | — |  |  | $ | 1,611.4 |
Royalties | 21.7 |  |  | 0.1 |  |  | — |  |  | 21.8 |
Franchise fees and other revenues | 11.1 |  |  | 11.0 |  |  | — |  |  | 22.1 |
Franchise and other revenues | 32.8 |  |  | 11.1 |  |  | — |  |  | 43.9 |
Total revenues | 1,438.7 |  |  | 216.6 |  |  | — |  |  | 1,655.3 |
Company restaurant expenses | 1,236.6 |  |  | 182.3 |  |  | 0.3 |  |  | 1,419.2 |
Depreciation and amortization | 62.8 |  |  | 8.0 |  |  | 6.6 |  |  | 77.4 |
General and administrative | 17.6 |  |  | 3.2 |  |  | 51.8 |  |  | 72.6 |
Other (gains) and charges | 9.0 |  |  | 0.1 |  |  | 2.3 |  |  | 11.4 |
Total operating costs and expenses | 1,326.0 |  |  | 193.6 |  |  | 61.0 |  |  | 1,580.6 |
Operating income (loss) | 112.7 |  |  | 23.0 |  |  | (61.0 | ) |  | 74.7 |
Interest expenses | 2.0 |  |  | — |  |  | 27.9 |  |  | 29.9 |
Other (income), net | (0.3 | ) |  | — |  |  | (0.7 | ) |  | (1.0 | )
Income (loss) before provision for income taxes | $ | 111.0 |  |  | $ | 23.0 |  |  | $ | (88.2 | ) |  | $ | 45.8 |
Segment assets(2) | $ | 2,114.1 |  |  | $ | 255.9 |  |  | $ | 133.7 |  |  | $ | 2,503.7 |
Segment goodwill | 151.2 |  |  | 38.4 |  |  | — |  |  | 189.6 |
Payments for property and equipment | 42.4 |  |  | 4.2 |  |  | 4.8 |  |  | 51.4 |
| Twenty-Six Week Period Ended December 26, 2018
| Chili’s |  | Maggiano’s |  | Other |  | Consolidated
Company sales | $ | 1,280.9 |  |  | $ | 208.9 |  |  | $ | — |  |  | $ | 1,489.8 |
Royalties | 26.1 |  |  | — |  |  | — |  |  | 26.1 |
Franchise fees and other revenues | 17.1 |  |  | 11.5 |  |  | — |  |  | 28.6 |
Franchise and other revenues | 43.2 |  |  | 11.5 |  |  | — |  |  | 54.7 |
Total revenues | 1,324.1 |  |  | 220.4 |  |  | — |  |  | 1,544.5 |
Company restaurant expenses | 1,130.2 |  |  | 184.0 |  |  | 0.4 |  |  | 1,314.6 |
Depreciation and amortization | 60.0 |  |  | 7.9 |  |  | 5.2 |  |  | 73.1 |
General and administrative | 17.9 |  |  | 3.2 |  |  | 48.1 |  |  | 69.2 |
Other (gains) and charges(3) | (10.9 | ) |  | — |  |  | 2.0 |  |  | (8.9 | )
Total operating costs and expenses | 1,197.2 |  |  | 195.1 |  |  | 55.7 |  |  | 1,448.0 |
Operating income (loss) | 126.9 |  |  | 25.3 |  |  | (55.7 | ) |  | 96.5 |
Interest expenses | 1.7 |  |  | 0.2 |  |  | 29.1 |  |  | 31.0 |
Other (income), net | — |  |  | — |  |  | (1.6 | ) |  | (1.6 | )
Income (loss) before provision for income taxes | $ | 125.2 |  |  | $ | 25.1 |  |  | $ | (83.2 | ) |  | $ | 67.1 |
Payments for property and equipment | $ | 58.8 |  |  | $ | 6.4 |  |  | $ | 13.5 |  |  | $ | 78.7 |
(1) | Chili’s segment information for fiscal 2020 includes the results of operations and preliminary fair value of assets related to the 116 restaurants since the September 5, 2019 acquisition date. Refer to Note 2 - Chili’s Restaurant Acquisition for further details.
(2) | Segment assets for fiscal 2020 are presented in accordance with the newly adopted ASC 842 that now include Operating lease assets, refer to Note 3 - Leases for further details.
(3) During the twenty-six week period ended December 26, 2018, we completed sale leaseback transactions of 145 Company-owned Chili’s restaurant properties. Chili’s recognized a $17.7 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 (Unaudited). Refer to Note 3 - Leases for further details.

X
- 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
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration