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Segment Information
 12 Months Ended
Jan. 03, 2017
Segment Information  
Segment Information

16.  Segment Information

 

For decision-making purposes, our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe and Rock Sugar 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, Rock Sugar 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

 

 

 

2016

 

2015

 

2014

 

Revenues:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
2,078,083

 

$
1,913,758

 

$
1,792,796

 

Other

 
197,636

 
186,851

 
183,828

 

 

 

 

 

 

 

 

 

Total

 

$
2,275,719

 

$
2,100,609

 

$
1,976,624

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from operations:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$
308,058

 

$
275,686

 

$
240,774

 

Other (2)

 
27,623

 
18,047

 
14,983

 

Corporate

 
(134,688

)
(128,487

)
(111,026

)

 

 

 

 

 

 

 

 

Total

 

$
200,993

 

$
165,246

 

$
144,731

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
74,861

 

$
71,821

 

$
68,504

 

Other

 
8,469

 
9,690

 
10,337

 

Corporate

 
4,680

 
4,052

 
3,994

 

 

 

 

 

 

 

 

 

Total

 

$
88,010

 

$
85,563

 

$
82,835

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
99,817

 

$
122,358

 

$
104,525

 

Other

 
13,783

 
13,644

 
3,713

 

Corporate

 
2,221

 
17,939

 
5,744

 

 

 

 

 

 

 

 

 

Total

 

$
115,821

 

$
153,941

 

$
113,982

 

 

 

 

 

 

 

 

 

 

 

 

Total assets:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
950,372

 

$
934,606

 

$
861,697

 

Other

 
157,842

 
152,243

 
154,033

 

Corporate

 
185,105

 
146,497

 
145,646

 

 

 

 

 

 

 

 

 

Total

 

$
1,293,319

 

$
1,233,346

 

$
1,161,376

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Fiscal year 2016 includes $0.1 million of accelerated depreciation expense related to the planned relocation of one The Cheesecake Factory restaurant.  Fiscal year 2014 includes $0.7 million of impairment and lease termination expenses related to the relocation of one The Cheesecake Factory restaurant.  These amounts were recorded in impairment of assets and lease terminations in the consolidated statements of income. (See Note 1 for further discussion of these charges.)

(2)

Fiscal year 2015 includes $6.0 million of impairment expense related to our Rock Sugar Pan Asian Kitchen restaurant.  This amount was recorded in impairment of assets and lease terminations in the consolidated statements of income. (See Note 1 for further discussion of these charges.)