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Segment Information
 12 Months Ended
Jan. 01, 2013
Segment Information  
Segment Information

15.  Segment Information

 

Our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe and RockSugar Pan Asian Kitchen restaurants and our bakery division for decision-making purposes.  However, based on quantitative thresholds set forth in ASC 280, “Segment Reporting,” The Cheesecake Factory is our only business that meets the criteria of a reportable operating segment.  Although not required, we present segment information for the bakery separately from our restaurant concepts because we believe information regarding this segment is useful to readers.  Bakery sales to our Company-owned restaurants are recorded at prices similar to third-party national accounts.  Unallocated corporate expenses, assets and capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements.

 

Segment information is presented below (in thousands):

 

 

 

Fiscal Year

 

 

 

2012

 

2011

 

2010

 

Revenue:

 

 

 

 

 

 

 

Restaurants

 

$

1,743,806

 

$

1,685,037

 

$

1,586,274

 

Bakery

 

129,122

 

131,264

 

128,527

 

Intercompany bakery sales

 

(63,911

)

(58,677

)

(55,397

)

 

 

$

1,809,017

 

$

1,757,624

 

$

1,659,404

 

Income from operations:

 

 

 

 

 

 

 

Restaurants (1)

 

$

225,993

 

$

215,803

 

$

208,117

 

Bakery

 

10,784

 

8,670

 

12,122

 

Corporate

 

(98,078

)

(91,023

)

(92,028

)

 

 

$

138,699

 

$

133,450

 

$

128,211

 

Total assets:

 

 

 

 

 

 

 

Restaurants

 

$

859,357

 

$

835,393

 

$

882,208

 

Bakery

 

70,125

 

61,382

 

56,796

 

Corporate

 

162,685

 

125,795

 

98,303

 

 

 

$

1,092,167

 

$

1,022,570

 

$

1,037,307

 

Capital expenditures:

 

 

 

 

 

 

 

Restaurants

 

$

68,371

 

$

66,932

 

$

37,590

 

Bakery

 

7,292

 

7,199

 

1,238

 

Corporate

 

10,779

 

2,615

 

3,019

 

 

 

$

86,442

 

$

76,746

 

$

41,847

 

Depreciation and amortization:

 

 

 

 

 

 

 

Restaurants

 

$

67,319

 

$

65,141

 

$

63,977

 

Bakery

 

2,850

 

2,640

 

3,094

 

Corporate

 

4,264

 

4,177

 

5,069

 

 

 

$

74,433

 

$

71,958

 

$

72,140

 

 

 

(1)         Includes impairment of the carrying value of one The Cheesecake Factory restaurant in the fourth quarter fiscal 2012 and two The Cheesecake Factory restaurants and one Grand Lux Cafe in the fourth quarter of fiscal 2011.  The pre-tax amounts associated with these items were $5,469 and $1,547, respectively and were recorded in impairment of assets and lease terminations.  Also includes partial reimbursement to landlords of tenant improvement allowances and broker fees on three Grand Lux Cafe locations where we are discontinuing operations as of the end of March 2013.  The pre-tax amount associated with this item was $4,067 and was recorded in impairment of assets and lease terminations in the fourth quarter of fiscal 2012.  (See Note 1 for further discussion of impairment of assets and lease terminations.)