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Segment Information
 12 Months Ended
Jan. 02, 2018
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 RockSugar Southeast Asian Kitchen restaurants, our bakery division, consumer packaged goods 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 Southeast Asian Kitchen, bakery, consumer packaged goods, 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

 

 

 

2017

 

2016

 

2015

 

Revenues:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
2,057,816

 

$
2,078,083

 

$
1,913,758

 

Other

 
202,686

 
197,636

 
186,851

 

 

 

 

 

 

 

 

 

Total

 

$
2,260,502

 

$
2,275,719

 

$
2,100,609

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from operations:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$
263,581

 

$
308,058

 

$
275,686

 

Other (2)

 
17,547

 
27,623

 
18,047

 

Corporate

 
(128,283

)
(134,688

)
(128,487

)

 

 

 

 

 

 

 

 

Total

 

$
152,845

 

$
200,993

 

$
165,246

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
76,186

 

$
74,861

 

$
71,821

 

Other

 
11,717

 
8,469

 
9,690

 

Corporate

 
4,826

 
4,680

 
4,052

 

 

 

 

 

 

 

 

 

Total

 

$
92,729

 

$
88,010

 

$
85,563

 

 

 

 

 

 

 

 

 

 

 

 

Capital expenditures:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
101,142

 

$
99,817

 

$
122,358

 

Other

 
16,885

 
13,783

 
13,644

 

Corporate

 
2,752

 
2,221

 
17,939

 

 

 

 

 

 

 

 

 

Total

 

$
120,779

 

$
115,821

 

$
153,941

 

 

 

 

 

 

 

 

 

 

 

 

Total assets:

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$
937,512

 

$
950,372

 

$
934,606

 

Other

 
167,096

 
157,842

 
152,243

 

Corporate

 
228,452

 
185,105

 
146,497

 

 

 

 

 

 

 

 

 

Total

 

$
1,333,060

 

$
1,293,319

 

$
1,233,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Fiscal 2017 includes $2.5 million of accelerated depreciation and impairment expense, and fiscal 2016 includes $0.1 million of accelerated depreciation. (See Note 1 for further discussion of these charges.)

(2)

Fiscal years 2017 and 2015 include impairment expense of $7.8 million and $6.0 million, respectively. (See Note 1 for further discussion of these charges.)