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Segment Information
 9 Months Ended
Sep. 29, 2015
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 internationally licensed 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 internationally licensed 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 29, 2015

 

Thirteen
Weeks Ended
September 30, 2014

 

Thirty-Nine
Weeks Ended
September 29, 2015

 

Thirty-Nine
Weeks Ended
September 30, 2014

 

Revenues:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
481,076

 

$
454,271

 

$
1,437,178

 

$
1,342,331

 

Other

 
45,612

 
44,843

 
136,590

 
134,620

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
526,688

 

$
499,114

 

$
1,573,768

 

$
1,476,951

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(Loss) from operations:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$
67,473

 

$
59,214

 

$
211,466

 

$
182,250

 

Other (2)

 
(725

) 
2,418

 
10,601

 
11,433

 

Corporate

 
(31,104

)
(27,457

)
(95,616

)
(83,744

)

 

 

 

 

 

 

 

 

 

 

Total

 

$
35,644

 

$
34,175

 

$
126,451

 

$
109,939

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
18,014

 

$
17,302

 

$
53,320

 

$
50,953

 

Other

 
2,315

 
2,595

 
7,321

 
7,795

 

Corporate

 
988

 
1,033

 
3,011

 
2,967

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
21,317

 

$
20,930

 

$
63,652

 

$
61,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
43,134

 

$
27,495

 

$
85,354

 

$
81,517

 

Other

 
3,058

 
811

 
12,369

 
2,223

 

Corporate

 
2,928

 
1,757

 
10,870

 
4,133

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
49,120

 

$
30,063

 

$
108,593

 

$
87,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 29, 2015

 

December 30, 2014

 

Total assets:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
862,572 

 

$
861,697 

 

Other

 
153,082 

 
154,033 

 

Corporate

 
160,202 

 
160,722 

 

 

 

 

 

 

 

Total

 

$
1,175,856 

 

$
1,176,452 

 

 

 

 

 

 

 

 

 

 

 

(1)

Includes $0.2 million and $0.5 million in the first and second quarters of fiscal 2014, respectively, of lease termination expenses related to the relocation of one The Cheesecake Factory restaurant.

(2)

Includes $6.0 million incurred in the third quarter of fiscal 2015 of impairment expense related to RockSugar Pan Asian Kitchen.