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Segment Information

6 Months Ended

Jul. 02, 2019

11. Segment Information

For decision-making purposes, our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe, RockSugar Southeast Asian Kitchen and Social Monk Asian Kitchen restaurants, our bakery division, consumer packaged goods and 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. The other segments noted above 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		Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	July 2, 2019		July 3, 2018		July 2, 2019		July 3, 2018
Revenues:
The Cheesecake Factory restaurants	$	551,519	$	536,593	$	1,100,152	$	1,071,715
Other		51,126		50,726		101,974		100,301
Total	$	602,645	$	587,319	$	1,202,126	$	1,172,016

Income/(loss) from operations:
The Cheesecake Factory restaurants ⁽¹⁾	$	68,988	$	69,376	$	130,232	$	130,942
Other		5,703		4,496		11,028		10,858
Corporate		(34,592)		(39,329)		(71,013)		(75,706)
Total	$	40,099	$	34,543	$	70,247	$	66,094

Depreciation and amortization:
The Cheesecake Factory restaurants	$	18,004	$	20,146	$	35,611	$	40,336
Other		2,458		2,320		4,860		4,868
Corporate		1,197		1,261		2,550		2,525
Total	$	21,659	$	23,727	$	43,021	$	47,729

Capital expenditures:
The Cheesecake Factory restaurants	$	14,839	$	10,696	$	26,731	$	30,162
Other ⁽²⁾		860		9,372		1,543		19,950
Corporate		321		1,114		1,097		1,758
Total	$	16,020	$	21,182	$	29,371	$	51,870


	July 2, 2019		January 1, 2019
Total assets:
The Cheesecake Factory restaurants	$	1,581,005	$	928,345
Other		227,464		164,972
Corporate		265,321		220,816
Total	$	2,073,790	$	1,314,133

(1)	The thirteen and twenty-six weeks ended July 3, 2018 include $2.6 million of lease termination costs related to the closure of one The Cheesecake Factory restaurant.

(2)	The thirteen and twenty-six weeks ended July 3, 2018 include costs related to an infrastructure modernization of our California bakery facility.