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Segment Information

9 Months Ended

Oct. 01, 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):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Thirteen

​

Thirteen

​

Thirty-Nine

​

Thirty-Nine

​

​

Weeks Ended

​

Weeks Ended

​

Weeks Ended

​

Weeks Ended

​

October 1, 2024

October 3, 2023

October 1, 2024

October 3, 2023

Revenues:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

647,754

​

$

628,140

​

$

1,992,245

​

$

1,936,621

North Italia

​

​

71,878

​

​

62,417

​

​

218,266

​

​

191,654

Other FRC

​

​

66,984

​

​

58,642

​

​

214,850

​

​

193,010

Other

​

78,855

​

81,011

​

235,375

​

241,209

Total

​

$

865,471

​

$

830,210

​

$

2,660,736

​

$

2,562,494

​

​

​

​

​

​

​

​

​

​

​

​

​

Income from operations:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

87,822

​

$

67,637

​

$

274,928

​

$

231,700

North Italia

​

​

4,408

​

​

4,081

​

​

13,085

​

​

15,314

Other FRC

​

​

(1,372)

​

​

1,036

​

​

8,510

​

​

15,826

Other

​

(57,158)

​

(53,724)

​

(164,838)

​

(162,413)

Total

​

$

33,700

​

$

19,030

​

$

131,685

​

$

100,427

​

​

​

​

​

​

​

​

​

​

​

​

​

Depreciation and amortization:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

16,142

​

$

15,702

​

$

49,242

​

$

47,955

North Italia

​

​

2,360

​

​

1,578

​

​

6,653

​

​

4,713

Other FRC

​

​

3,031

​

​

1,891

​

​

8,246

​

​

5,627

Other

​

3,766

​

3,666

​

10,874

​

10,829

Total

​

$

25,299

​

$

22,837

​

$

75,015

​

$

69,124

​

​

​

​

​

​

​

​

​

​

​

​

​

Impairment of assets and lease termination (income)/expenses:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

(3,858)

​

$

29

​

$

(1,732)

​

$

160

North Italia

​

​

—

​

​

—

​

​

—

​

​

—

Other FRC

​

​

—

​

​

—

​

​

—

​

​

55

Other

​

​

386

​

​

19

​

​

155

​

​

1,422

Total

​

$

(3,472)

​

$

48

​

$

(1,577)

​

$

1,637

​

​

​

​

​

​

​

​

​

​

​

​

​

Preopening costs:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

1,483

​

$

3,861

​

$

5,615

​

$

8,401

North Italia

​

​

1,765

​

​

1,068

​

​

5,179

​

​

2,132

Other FRC

​

​

2,900

​

​

1,764

​

​

6,810

​

​

4,483

Other

​

​

857

​

​

49

​

​

2,256

​

​

784

Total

​

$

7,005

​

$

6,742

​

$

19,860

​

$

15,800

​

​

​

​

​

​

​

​

​

​

​

​

​

Capital expenditures:

​

​

​

​

​

​

​

​

​

​

​

​

The Cheesecake Factory restaurants

​

$

22,036

​

$

22,973

​

$

52,619

​

$

54,729

North Italia

​

​

9,705

​

​

6,573

​

​

25,068

​

​

19,583

Other FRC

​

​

13,393

​

​

4,459

​

​

23,672

​

​

15,629

Other

​

​

9,080

​

​

3,258

​

​

19,153

​

​

9,982

Total

​

$

54,214

​

$

37,263

​

$

120,512

​

$

99,923

​

​	​	​	​	​	​	​
​		October 1, 2024			January 2, 2024
Total assets:	​	​	​	​	​	​
The Cheesecake Factory restaurants	​	$	1,495,877	​	$	1,571,943
North Italia	​	​	405,487	​	​	346,810
Other FRC	​		405,295	​		399,038
Other	​		629,129	​		522,592
Total	​	$	2,935,788	​	$	2,840,383

​

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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.

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