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Segment Information
 9 Months Ended
Sep. 27, 2016
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 are combined in Other.  Unallocated corporate expenses, assets and capital expenditures are presented below as reconciling items to the amounts presented in the condensed consolidated financial statements.

 

Segment information is presented below (in thousands):

 

 

 

Thirteen

 

Thirteen

 

Thirty-Nine

 

Thirty-Nine

 

 

 

Weeks Ended

 

Weeks Ended

 

Weeks Ended

 

Weeks Ended

 

 

 

September 27, 2016

 

September 29, 2015

 

September 27, 2016

 

September 29, 2015

 

Revenues:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
512,040

 

$
481,076

 

$
1,530,274

 

$
1,437,178

 

Other

 
47,978

 
45,612

 
142,299

 
136,590

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
560,018

 

$
526,688

 

$
1,672,573

 

$
1,573,768

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(Loss) from operations:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
76,808

 

$
67,473

 

$
233,385

 

$
211,466

 

Other (1)

 
6,753

 
(725

)
19,434

 
10,601

 

Corporate

 
(33,498

)
(31,104

)
(98,972

)
(95,616

)

 

 

 

 

 

 

 

 

 

 

Total

 

$
50,063

 

$
35,644

 

$
153,847

 

$
126,451

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
18,381

 

$
18,014

 

$
54,855

 

$
53,320

 

Other

 
2,057

 
2,315

 
6,200

 
7,321

 

Corporate

 
1,196

 
988

 
3,504

 
3,011

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
21,634

 

$
21,317

 

$
64,559

 

$
63,652

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
25,896

 

$
43,134

 

$
61,968

 

$
85,354

 

Other

 
3,661

 
3,058

 
7,132

 
12,369

 

Corporate

 
842

 
2,928

 
1,507

 
10,870

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
30,399

 

$
49,120

 

$
70,607

 

$
108,593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 27, 2016

 

December 29, 2015

 

Total assets:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
893,422 

 

$
934,606 

 

Other

 
153,748 

 
152,243 

 

Corporate

 
157,209 

 
146,497 

 

 

 

 

 

 

 

Total

 

$
1,204,379 

 

$
1,233,346 

 

 

 

 

 

 

 

 

 

 

(1)

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