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Segment Information
 9 Months Ended
Oct. 03, 2017
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 Rock Sugar Pan Asian Kitchen restaurants (transitioning to RockSugar Southeast Asian Kitchen), 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 condensed consolidated financial statements.

 

Segment information is presented below (in thousands):

 

 

 

Thirteen
Weeks Ended
October 3, 2017

 

Thirteen
Weeks Ended
September 27, 2016

 

Thirty-Nine
Weeks Ended
October 3, 2017

 

Thirty-Nine
Weeks Ended
September 27, 2016

 

Revenues:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
507,572

 

$
512,040

 

$
1,543,034

 

$
1,530,274

 

Other

 
47,820

 
47,978

 
145,653

 
142,299

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
555,392

 

$
560,018

 

$
1,688,687

 

$
1,672,573

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from operations:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$
60,496

 

$
76,808

 

$
207,028

 

$
233,385

 

Other

 
6,003

 
6,753

 
18,932

 
19,434

 

Corporate

 
(32,182

)
(33,498

)
(97,862

)
(98,972

)

 

 

 

 

 

 

 

 

 

 

Total

 

$
34,317

 

$
50,063

 

$
128,098

 

$
153,847

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
19,012

 

$
18,381

 

$
57,140

 

$
54,855

 

Other

 
2,795

 
2,057

 
8,770

 
6,200

 

Corporate

 
1,192

 
1,196

 
3,582

 
3,504

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
22,999

 

$
21,634

 

$
69,492

 

$
64,559

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
24,530

 

$
25,896

 

$
64,650

 

$
61,968

 

Other

 
4,638

 
3,661

 
6,549

 
7,132

 

Corporate

 
550

 
842

 
2,218

 
1,507

 

 

 

 

 

 

 

 

 

 

 

Total

 

$
29,718

 

$
30,399

 

$
73,417

 

$
70,607

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 3, 2017

 

January 3, 2017

 

Total assets:

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
903,989

 

$
950,372

 

Other

 
163,227

 
157,842

 

Corporate

 
208,112

 
185,105

 

 

 

 

 

 

 

Total

 

$
1,275,328

 

$
1,293,319

 

 

 

 

 

 

 

 

 

 

 

(1)

Includes $1.2 million in the thirty-nine weeks ended October 3, 2017, of accelerated depreciation and impairment expense related to the relocation of one The Cheesecake Factory restaurant and the lease expiration of one The Cheesecake Factory restaurant.  This amount was recorded in impairment of assets and lease terminations in the condensed consolidated statements of income.