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Segment Information

3 Months Ended

Apr. 02, 2024

Segment Information

Segment Information

11.   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 and our bakery division. 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 and our bakery division) 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):

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​	​	​	​	​	​	​
​	​	Thirteen		​	Thirteen
​	​	Weeks Ended		​	Weeks Ended
​		April 2, 2024			April 4, 2023
Revenues:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	667,794	​	$	656,000
North Italia	​	​	70,874	​	​	63,303
Other FRC	​	​	74,229	​	​	68,640
Other	​		78,326	​		78,171
Total	​	$	891,223	​	$	866,114
​	​	​	​	​	​	​
Income from operations:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	86,071	​	$	78,386
North Italia	​	​	3,170	​	​	4,606
Other FRC	​	​	6,292	​	​	8,711
Other (1)	​		(56,240)	​		(57,777)
Total	​	$	39,293	​	$	33,926
​	​	​	​	​	​	​
Depreciation and amortization expenses:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	16,843	​	$	16,018
North Italia	​	​	1,971	​	​	1,467
Other FRC	​	​	2,425	​	​	1,927
Other	​		3,517	​		3,543
Total	​	$	24,756	​	$	22,955
​	​	​	​	​	​	​
Impairment of assets and lease termination expenses:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	1,859	​	$	93
North Italia	​	​	—	​	​	—
Other FRC	​	​	—	​	​	55
Other	​	​	224	​	​	2,094
Total	​	$	2,083	​	$	2,242
​	​	​	​	​	​	​
Preopening costs:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	1,758	​	$	1,448
North Italia	​	​	2,002	​	​	446
Other FRC	​	​	1,724	​	​	721
Other	​	​	396	​	​	437
Total	​	$	5,880	​	$	3,052
​	​	​	​	​	​	​
Capital expenditures:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	18,881	​	$	23,213
North Italia	​	​	9,930	​	​	6,131
Other FRC	​	​	3,418	​	​	5,165
Other	​	​	4,881	​	​	3,453
Total	​	$	37,110	​	$	37,962

​

​	​	​	​	​	​	​
​		April 2, 2024			January 2, 2024
Total assets:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	1,524,583	​	$	1,571,943
North Italia	​	​	366,776	​	​	346,810
Other FRC	​		406,451	​		399,038
Other	​		539,830	​		522,592
Total	​	$	2,837,640	​	$	2,840,383

(1) Thirteen weeks ended April 2, 2024 and April 4, 2023 include $1.1 million and $1.2 million, respectively, of acquisition-related expenses. These amounts were recorded in acquisition-related costs and acquisition-related contingent consideration, compensation and amortization expenses in the consolidated statements of income.

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- 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
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 32
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Paragraph 21
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Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

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