XML 72 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Segment Information
 12 Months Ended
Dec. 30, 2014
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.  Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing 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):

 

 

 

Fiscal Year

 

 

 

2014

 

2013

 

2012

 

Revenue:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
1,792,796

 

$
1,688,036

 

$
1,604,825

 

Other

 
183,828

 
189,874

 
204,192

 

 

 

$
1,976,624

 

$
1,877,910

 

$
1,809,017

 

Income from operations:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$
240,774

 

$
250,230

 

$
225,920

 

Other (2)

 
14,983

 
19,985

 
10,857

 

Corporate

 
(111,026

)
(109,261

)
(98,078

)

 

 

$
144,731

 

$
160,954

 

$
138,699

 

Total assets:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
861,697

 

$
813,780

 

$
764,208

 

Other

 
154,033

 
155,231

 
165,274

 

Corporate

 
160,722

 
155,103

 
162,685

 

 

 

$
1,176,452

 

$
1,124,114

 

$
1,092,167

 

Capital expenditures:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
104,525

 

$
98,660

 

$
60,300

 

Other

 
3,713

 
3,621

 
15,363

 

Corporate

 
5,744

 
4,008

 
10,779

 

 

 

$
113,982

 

$
106,289

 

$
86,442

 

Depreciation and amortization:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
68,504

 

$
63,549

 

$
60,358

 

Other

 
10,337

 
10,514

 
9,811

 

Corporate

 
3,994

 
4,495

 
4,264

 

 

 

$
82,835

 

$
78,558

 

$
74,433

 

 

(1)

Includes impairment and lease termination expenses/(income) related to seven The Cheesecake Factory restaurants.  The pre-tax amounts associated with these items were $0.7 million, ($1.2) million and $5.5 million in fiscal years 2014, 2013 and 2012, 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 $0.6 million and $4.1 million in fiscal years 2013 and 2012, respectively.  These amounts were recorded in impairment of assets and lease terminations. (See Note 1 for further discussion of these charges.)