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Segment Information | 12 Months Ended
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Dec. 31, 2024
Segment Information |
Segment Information | 18. Segment Information Our chief operating decision maker (“CODM”) is the Chief Executive Officer, President and Chief Financial Officer. Our CODM allocates resources and evaluates the performance of each operating segment based on the segment’s revenue and income/(loss) from operations, comparing actual results to historical and previously forecasted financial information. Significant expenses are expenses that are regularly provided to the CODM and are include in segment income/(loss). Our operating segments, are aligned with our strategic priorities and are the businesses for which our CODM 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 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): For the fifty-two weeks ended December 31, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | Other FRC |  | Other |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues | ​ | $ | 2,661,627 | ​ | $ | 299,575 | ​ | $ | 299,969 | ​ | $ | 320,528 | ​ | $ | 3,581,699
​ |  | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​
Costs and expenses: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Food and beverage costs |  | ​ | 599,899 | ​ | ​ | 69,505 | ​ |  | 66,665 |  | ​ | 69,952 |  | ​ | 806,021
Labor expenses |  | ​ | 913,560 | ​ | ​ | 111,082 | ​ |  | 108,377 |  | ​ | 131,363 |  | ​ | 1,264,382
Other operating costs and expenses |  | ​ | 696,739 | ​ | ​ | 82,290 | ​ |  | 88,672 |  | ​ | 91,520 |  | ​ | 959,221
General and administrative expenses |  | ​ | — | ​ | ​ | — | ​ | ​ | — |  | ​ | 228,737 |  | ​ | 228,737
Depreciation and amortization expenses |  | ​ | 66,010 | ​ | ​ | 9,244 | ​ |  | 11,389 |  | ​ | 14,807 |  | ​ | 101,450
Impairment of assets and lease termination (income)/expenses |  | ​ | (1,402) | ​ | ​ | — | ​ | ​ | 14,893 |  | ​ | 156 |  | ​ | 13,647
Acquisition-related contingent consideration, compensation and amortization expenses |  | ​ | — | ​ | ​ | — | ​ |  | 1,262 |  | ​ | 1,167 |  | ​ | 2,429
Preopening costs |  | ​ | 7,499 | ​ | ​ | 7,409 | ​ |  | 9,206 |  | ​ | 3,381 |  | ​ | 27,495
Total costs and expenses |  | ​ | 2,282,305 | ​ | ​ | 279,530 | ​ |  | 300,464 |  | ​ | 541,083 |  | ​ | 3,403,382
Income/(loss) from operations |  | $ | 379,322 | ​ | $ | 20,045 | ​ | $ | (495) | ​ | $ | (220,555) | ​ | $ | 178,317
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures |  | $ | 65,465 | ​ | $ | 37,811 | ​ | $ | 30,405 | ​ | $ | 26,683 | ​ | $ | 160,364
Total assets |  | $ | 1,545,227 | ​ | $ | 419,812 | ​ | $ | 420,957 | ​ | $ | 655,764 | ​ | $ | 3,041,760
​ For the fifty-two weeks ended January 2, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | The Cheesecake | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Factory | ​ | North | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | Italia |  | Other FRC |  | Other |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues | ​ | $ | 2,595,066 | ​ | $ | 258,878 | ​ | $ | 263,923 | ​ | $ | 321,636 | ​ | $ | 3,439,503
​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Costs and expenses: |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Food and beverage costs |  | ​ | 607,439 | ​ | ​ | 64,425 |  | ​ | 59,865 |  | ​ | 71,771 |  | ​ | 803,500
Labor expenses |  | ​ | 907,579 | ​ | ​ | 93,540 |  | ​ | 93,840 |  | ​ | 132,936 |  | ​ | 1,227,895
Other operating costs and expenses |  | ​ | 685,521 | ​ | ​ | 69,918 |  | ​ | 72,554 |  | ​ | 94,435 |  | ​ | 922,428
General and administrative expenses |  | ​ | — | ​ | ​ | — |  | ​ | — |  | ​ | 217,449 |  | ​ | 217,449
Depreciation and amortization expenses |  | ​ | 64,206 | ​ | ​ | 6,407 |  | ​ | 7,916 |  | ​ | 14,607 |  | ​ | 93,136
Impairment of assets and lease termination expenses |  | ​ | 20,401 | ​ | ​ | 1,015 |  | ​ | 2,582 |  | ​ | 5,466 |  | ​ | 29,464
Acquisition-related contingent consideration, compensation and amortization expenses |  | ​ | — | ​ | ​ | — |  | ​ | 1,262 |  | ​ | 10,424 |  | ​ | 11,686
Preopening costs |  | ​ | 12,857 | ​ | ​ | 5,058 |  | ​ | 6,482 |  | ​ | 982 |  | ​ | 25,379
Total costs and expenses |  | ​ | 2,298,003 | ​ | ​ | 240,363 |  | ​ | 244,501 |  | ​ | 548,070 |  | ​ | 3,330,937
Income/(loss) from operations |  | $ | 297,063 | ​ | $ | 18,515 | ​ | $ | 19,422 | ​ | $ | (226,434) | ​ | $ | 108,566
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures |  | $ | 80,752 | ​ | $ | 26,882 | ​ | $ | 27,562 | ​ | $ | 16,369 | ​ | $ | 151,565
Total assets |  | $ | 1,571,943 | ​ | $ | 346,810 | ​ | $ | 399,038 | ​ | $ | 522,592 | ​ | $ | 2,840,383
​ For the fifty-three weeks ended January 3, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | The Cheesecake | ​ |  | ​ | ​ |  |  |  |  | ​ |  |  | ​
​ | ​ | Factory | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Restaurants |  | North Italia |  | Other FRC |  | Other |  | Total
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues | ​ | $ | 2,528,043 | ​ | $ | 228,622 | ​ | $ | 237,552 | ​ | $ | 308,939 | ​ | $ | 3,303,156
​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Costs and expenses: |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​
Food and beverage costs |  | ​ | 627,224 | ​ | ​ | 59,290 | ​ | ​ | 56,132 |  | ​ | 68,280 |  | ​ | 810,926
Labor expenses |  | ​ | 915,559 | ​ | ​ | 84,692 | ​ | ​ | 83,366 |  | ​ | 128,334 |  | ​ | 1,211,951
Other operating costs and expenses |  | ​ | 668,730 | ​ | ​ | 60,687 | ​ | ​ | 61,703 |  | ​ | 90,507 |  | ​ | 881,627
General and administrative expenses |  | ​ | — | ​ | ​ | — | ​ | ​ | — |  | ​ | 205,753 |  | ​ | 205,753
Depreciation and amortization expenses |  | ​ | 66,539 | ​ | ​ | 5,714 | ​ | ​ | 6,231 |  | ​ | 13,896 |  | ​ | 92,380
Impairment of assets and lease termination expenses |  | ​ | 19,701 | ​ | ​ | — | ​ | ​ | 3,909 |  | ​ | 7,777 |  | ​ | 31,387
Acquisition-related contingent consideration, compensation and amortization expenses |  | ​ | — | ​ | ​ | — | ​ | ​ | 1,273 |  | ​ | 12,095 |  | ​ | 13,368
Preopening costs |  | ​ | 9,525 | ​ | ​ | 4,305 | ​ | ​ | 1,361 |  | ​ | 1,638 |  | ​ | 16,829
Total costs and expenses |  | ​ | 2,307,278 | ​ | ​ | 214,688 | ​ | ​ | 213,975 |  | ​ | 528,280 |  | ​ | 3,264,221
Income/(loss) from operations |  | $ | 220,765 | ​ | $ | 13,934 | ​ | $ | 23,577 | ​ | $ | (219,341) | ​ | $ | 38,935
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital expenditures |  | $ | 65,996 | ​ | $ | 14,818 | ​ | $ | 18,895 | ​ | $ | 12,755 | ​ | $ | 112,464
Total assets |  | $ | 1,625,073 | ​ | $ | 306,642 | ​ | $ | 301,618 | ​ | $ | 541,887 | ​ | $ | 2,775,220
​

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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/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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