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Segment Information
 12 Months Ended
Dec. 31, 2013
Segment Information  
Segment Information

15.  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):

 

 

 

Fiscal Year

 

 

 

2013

 

2012

 

2011

 

Revenue:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

1,688,036

 

$

1,604,825

 

$

1,543,040

 

Other

 

189,874

 

204,192

 

214,584

 

 

 

$

1,877,910

 

$

1,809,017

 

$

1,757,624

 

Income from operations:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$

250,230

 

$

225,920

 

$

208,449

 

Other (2)

 

19,985

 

10,857

 

16,024

 

Corporate

 

(109,261

)

(98,078

)

(91,023

)

 

 

$

160,954

 

$

138,699

 

$

133,450

 

Total assets:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

813,780

 

$

764,208

 

$

746,683

 

Other

 

155,231

 

165,274

 

150,092

 

Corporate

 

155,103

 

162,685

 

125,795

 

 

 

$

1,124,114

 

$

1,092,167

 

$

1,022,570

 

Capital expenditures:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

98,660

 

$

60,300

 

$

64,960

 

Other

 

3,621

 

15,363

 

9,171

 

Corporate

 

4,008

 

10,779

 

2,615

 

 

 

$

106,289

 

$

86,442

 

$

76,746

 

Depreciation and amortization:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

63,549

 

$

60,358

 

$

58,170

 

Other

 

10,514

 

9,811

 

9,611

 

Corporate

 

4,495

 

4,264

 

4,177

 

 

 

$

78,558

 

$

74,433

 

$

71,958

 

 

 

(1)         Includes impairment and lease termination expenses/(income) related to seven The Cheesecake Factory restaurants.  The pre-tax amounts associated with these items were ($1,204), $5,469 and $643 in fiscal years 2013, 2012 and 2011, respectively.  These amounts were recorded in impairment of assets and lease terminations. (See Note 1 for further discussion of these charges.)

(2)         Includes impairment and lease termination expenses related to four Grand Lux Cafe restaurants.  The pre-tax amounts associated with these items were $643, $4,067 and $904 in fiscal years 2013, 2012 and 2011, respectively.  These amounts were recorded in impairment of assets and lease terminations. (See Note 1 for further discussion of these charges.)