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Segment Information
 9 Months Ended
Sep. 30, 2014
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.  Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing operations are combined 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
September 30, 2014

 

Thirteen
Weeks Ended
October 1, 2013

 

Thirty-nine
Weeks Ended
September 30, 2014

 

Thirty-nine
Weeks Ended
October 1, 2013

 

Revenues:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
454,271

 

$
425,084

 

$
1,342,331

 

$
1,262,480

 

Other

 
44,843

 
44,615

 
134,620

 
140,355

 

Total

 

$
499,114

 

$
469,699

 

$
1,476,951

 

$
1,402,835

 

 

 

 

 

 

 

 

 

 

 

Income from operations:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$
59,214

 

$
61,686

 

$
182,250

 

$
183,641

 

Other (2)

 
2,418

 
4,727

 
11,433

 
14,333

 

Corporate

 
(27,457

)
(27,782

)
(83,744

)
(81,386

)

Total

 

$
34,175

 

$
38,631

 

$
109,939

 

$
116,588

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
17,302

 

$
15,826

 

$
50,953

 

$
46,892

 

Other

 
2,595

 
2,634

 
7,795

 
7,859

 

Corporate

 
1,033

 
1,201

 
2,967

 
3,355

 

Total

 

$
20,930

 

$
19,661

 

$
61,715

 

$
58,106

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
27,495

 

$
26,842

 

$
81,517

 

$
60,837

 

Other

 
811

 
1,604

 
2,223

 
3,087

 

Corporate

 
1,757

 
1,135

 
4,133

 
3,174

 

Total

 

$
30,063

 

$
29,581

 

$
87,873

 

$
67,098

 

 

 

 

 

 

 

 

September 30, 2014

 

December 31, 2013

 

Total assets:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

 

 

 

 

$
806,988 

 

$
813,780 

 

Other

 

 

 

 

 
152,046 

 
155,231 

 

Corporate

 

 

 

 

 
146,480 

 
155,103 

 

Total

 

 

 

 

 

$
1,105,514 

 

$
1,124,114 

 

 

(1)

Includes $0.2 million and $0.5 million in the first and second quarters of fiscal 2014, respectively, related to the relocation of one restaurant.  Also includes $1.5 million and $1.1 million in the second and third quarters of fiscal 2013, respectively, related to the relocation of four restaurants.  These items were recorded in impairment of assets and lease terminations

(2)

Includes $0.6 million in the first quarter of fiscal 2013 for three Grand Lux Cafe locations where we discontinued operations.  This item was recorded in impairment of assets and lease terminations.