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Segment Information

9 Months Ended

Sep. 27, 2022

Segment Information

Segment Information

12.  Segment Information

​

Our operating segments, the businesses for which our management reviews discrete financial information for decision-making purposes, are comprised of The Cheesecake Factory, North Italia, Flower Child, the other FRC brands, our bakery division and Grand Lux Cafe. Based on quantitative thresholds set forth in Accounting Standards Codification (“ASC”) 280, “Segment Reporting,” The Cheesecake Factory, North Italia and the other FRC brands are the only businesses that meet the criteria of a reportable operating segment. The remaining operating segments (Flower Child, our bakery division and Grand Lux Cafe) along with our businesses that do not qualify as operating segments are combined in Other. Unallocated corporate expenses, capital expenditures and assets are also combined in Other.

​

Segment information is presented below (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Thirteen

​

Thirteen

​

Thirty-Nine

​

Thirty-Nine

​

​

Weeks Ended

​

Weeks Ended

​

Weeks Ended

​

Weeks Ended

​

September 27, 2022

September 28, 2021

September 27, 2022

September 28, 2021

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

602,902

​

$

592,555

​

$

1,853,576

​

$

1,698,635

North Italia

​

​

54,113

​

​

44,357

​

​

163,108

​

​

120,747

Other FRC

​

​

52,193

​

​

44,326

​

​

171,045

​

​

127,978

Other

​

74,793

​

73,236

​

222,625

​

203,487

Total

​

$

784,001

​

$

754,474

​

$

2,410,354

​

$

2,150,847

​

​

​

​

​

​

​

​

​

​

​

​

​

(Loss)/income from operations:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

42,122

​

$

66,791

​

$

169,893

​

$

194,470

North Italia

​

​

1,655

​

​

1,962

​

​

10,381

​

​

5,320

Other FRC

​

​

4,109

​

​

3,403

​

​

18,231

​

​

14,565

Other

​

(50,091)

​

(40,779)

​

(144,447)

​

(133,016)

Total

​

$

(2,205)

​

$

31,377

​

$

54,058

​

$

81,339

​

​

​

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

15,874

​

$

16,414

​

$

47,736

​

$

49,221

North Italia

​

​

1,556

​

​

1,068

​

​

4,076

​

​

2,893

Other FRC

​

​

1,661

​

​

1,208

​

​

4,712

​

​

3,423

Other

​

3,560

​

3,886

​

10,240

​

11,268

Total

​

$

22,651

​

$

22,576

​

$

66,764

​

$

66,805

​

​

​

​

​

​

​

​

​

​

​

​

​

Impairment of assets and lease termination expenses:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

—

​

$

—

​

$

(59)

​

$

—

North Italia

​

​

—

​

​

—

​

​

—

​

​

—

Other FRC

​

​

—

​

​

—

​

​

—

​

​

—

Other

​

​

—

​

​

—

​

​

372

​

​

594

Total

​

$

—

​

$

—

​

$

313

​

$

594

​

​

​

​

​

​

​

​

​

​

​

​

​

Capital expenditures:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

19,176

​

$

10,680

​

$

48,097

​

$

22,606

North Italia

​

​

3,281

​

​

2,606

​

​

11,110

​

​

9,095

Other FRC

​

​

5,175

​

​

3,614

​

​

11,014

​

​

10,979

Other

​

​

4,039

​

​

1,356

​

​

7,832

​

​

6,478

Total

​

$

31,671

​

$

18,256

​

$

78,053

​

$

49,158

​

​

​

​

​

​

​

​

​

​

​

​

​

Preopening costs:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

2,757

​

$

968

​

$

5,163

​

$

3,616

North Italia

​

​

1,341

​

​

1,057

​

​

2,755

​

​

3,335

Other FRC

​

​

84

​

​

849

​

​

357

​

​

1,948

Other

​

​

145

​

​

295

​

​

763

​

​

905

Total

​

$

4,327

​

$

3,169

​

$

9,038

​

$

9,804

​

​	​	​	​	​	​	​
​		September 27, 2022			December 28, 2021
Total assets:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	1,564,945	​	$	1,653,161
North Italia	​	​	303,130	​	​	270,029
Other FRC	​		296,465	​		276,369
Other	​		569,534	​		598,566
Total	​	$	2,734,074	​	$	2,798,125

​

X

- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

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