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Segment Information
 3 Months Ended
Apr. 02, 2013
Segment Information  
Segment Information

8.  Segment Information

 

For decision-making purposes, our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe and RockSugar Pan Asian Kitchen restaurants, our bakery division and our international licensing operations.  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.  We formerly disclosed segment information for our bakery operations.  However, as we expanded our domestic restaurants and international licensing arrangements, our bakery segment became a smaller proportion of our operations and now falls below the thresholds of a reportable segment.  Therefore, we are no longer reporting this component separately. Grand Lux Cafe, RockSugar Pan Asian Kitchen and international licensing were previously combined with The Cheesecake Factory in a segment named Restaurants. These components are now combined with our bakery operations in Other. 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):

 

 

 

Thirteen
Weeks Ended
April 2, 2013

 

Thirteen
Weeks Ended
April 3, 2012

 

Revenue:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

412,551

 

$

390,747

 

Other

 

50,467

 

45,007

 

Total

 

$

463,018

 

$

435,754

 

 

 

 

 

 

 

Income from operations:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

59,237

 

$

53,811

 

Other(1)

 

4,500

 

3,511

 

Corporate

 

(26,950

)

(27,103

)

Total

 

$

36,787

 

$

30,219

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

15,515

 

$

14,926

 

Other

 

2,620

 

2,327

 

Corporate

 

1,095

 

1,045

 

Total

 

$

19,230

 

$

18,298

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

13,274

 

$

9,311

 

Other

 

178

 

5,387

 

Corporate

 

1,129

 

1,651

 

Total

 

$

14,581

 

$

16,349

 

 

 

 

April 2, 2013

 

January 1, 2013

 

Total assets:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

728,235

 

$

764,208

 

Other

 

157,979

 

165,274

 

Corporate

 

184,894

 

162,685

 

Total

 

$

1,071,108

 

$

1,092,167

 

 

 

(1)         Includes future rent and other closing costs for three Grand Lux Cafe locations where we discontinued operations in March 2013.  The pre-tax amount associated with this item was $644 and was recorded in lease terminations.