XML 102 R24.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment Reporting | 9 Months Ended
--- | ---
Sep. 29, 2019
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company considers its restaurant concepts and international markets as operating segments, which reflects how the Company manages its business, reviews operating performance and allocates resources. Resources are allocated and performance is assessed by the Company’s Chief Executive Officer (“CEO”), whom the Company has determined to be its Chief Operating Decision Maker (“CODM”). The Company aggregates its operating segments into two reportable segments, U.S. and international. The U.S. segment includes all restaurants operating in the U.S. while restaurants operating outside the U.S. are included in the international segment. The following is a summary of reporting segments:
REPORTABLE SEGMENT (1) |  | CONCEPT |  | GEOGRAPHIC LOCATION
U.S. |  | Outback Steakhouse |  | United States of America
| Carrabba’s Italian Grill |
| Bonefish Grill |
| Fleming’s Prime Steakhouse & Wine Bar |
International |  | Outback Steakhouse |  | Brazil, Hong Kong/China
| Carrabba’s Italian Grill (Abbraccio) |  | Brazil
_________________
(1) | Includes franchise locations.
Segment accounting policies are the same as those described in Note 2 - Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 30, 2018. Revenues for all segments include only transactions with customers and exclude intersegment revenues. Excluded from Income from operations for U.S. and international are certain legal and corporate costs not directly related to the performance of the segments, most stock-based compensation expenses and certain bonus expenses. The following table is a summary of Total revenue by segment, for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018 |  | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018
Total revenues |  |  |  |  |  |  |
U.S. | $ | 848,444 |  |  | $ | 861,493 |  |  | $ | 2,777,170 |  |  | $ | 2,782,555 |
International | 118,700 |  |  | 103,528 |  |  | 340,035 |  |  | 330,745 |
Total revenues | $ | 967,144 |  |  | $ | 965,021 |  |  | $ | 3,117,205 |  |  | $ | 3,113,300 |
The following table is a reconciliation of Segment income from operations to Income before (benefit) provision for income taxes, for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018 |  | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018
Segment income from operations |  |  |  |  |  |  |
U.S. | $ | 50,318 |  |  | $ | 44,598 |  |  | $ | 242,167 |  |  | $ | 230,645 |
International | 10,550 |  |  | 7,776 |  |  | 31,179 |  |  | 14,052 |
Total segment income from operations | 60,868 |  |  | 52,374 |  |  | 273,346 |  |  | 244,697 |
Unallocated corporate operating expense | (38,910 | ) |  | (39,837 | ) |  | (125,434 | ) |  | (120,865 | )
Total income from operations | 21,958 |  |  | 12,537 |  |  | 147,912 |  |  | 123,832 |
Other income (expense), net | 11 |  |  | (1 | ) |  | (145 | ) |  | (6 | )
Interest expense, net | (13,256 | ) |  | (11,600 | ) |  | (36,885 | ) |  | (33,229 | )
Income before (benefit) provision for income taxes | $ | 8,713 |  |  | $ | 936 |  |  | $ | 110,882 |  |  | $ | 90,597 |
The following table is a summary of Depreciation and amortization expense by segment for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018 |  | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018
Depreciation and amortization |  |  |  |  |  |  |
U.S. | $ | 36,670 |  |  | $ | 39,796 |  |  | $ | 114,372 |  |  | $ | 119,063 |
International | 7,201 |  |  | 6,420 |  |  | 20,406 |  |  | 19,866 |
Corporate | 4,055 |  |  | 4,355 |  |  | 12,418 |  |  | 12,544 |
Total depreciation and amortization | $ | 47,926 |  |  | $ | 50,571 |  |  | $ | 147,196 |  |  | $ | 151,473 |
Geographic Areas — International assets are defined as assets residing in a country other than the U.S. The following table details long-lived assets, excluding operating lease right-of-use assets, goodwill, intangible assets and deferred tax assets, by major geographic area as of the periods indicated:
(dollars in thousands) | SEPTEMBER 29, 2019 |  | DECEMBER 30, 2018
U.S. | $ | 1,032,857 |  |  | $ | 1,107,679 |
International |  |  |
Brazil | 117,311 |  |  | 115,560 |
Other | 15,036 |  |  | 13,663 |
Total assets | $ | 1,165,204 |  |  | $ | 1,236,902 |
International revenues are defined as revenues generated from restaurant sales originating in a country other than the U.S. The following table details Total revenues by major geographic area, for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018 |  | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018
U.S. | $ | 848,444 |  |  | $ | 861,493 |  |  | $ | 2,777,170 |  |  | $ | 2,782,555 |
International |  |  |  |  |  |  |
Brazil | 106,151 |  |  | 88,178 |  |  | 298,935 |  |  | 284,376 |
Other | 12,549 |  |  | 15,350 |  |  | 41,100 |  |  | 46,369 |
Total revenue | $ | 967,144 |  |  | $ | 965,021 |  |  | $ | 3,117,205 |  |  | $ | 3,113,300 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration