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v3.23.3

Segment Reporting (Tables) | 9 Months Ended
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Sep. 24, 2023
Segment Reporting [Abstract] |
Schedule of segment reporting information, by 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.
Reconciliation of revenue from segments to consolidated | The following table is a summary of revenues by segment for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022
Revenues |  |  |  |  |  |  |
U.S. | $ | 912,972 |  |  | $ | 922,521 |  |  | $ | 3,011,197 |  |  | $ | 2,957,555 |
International | 166,861 |  |  | 133,242 |  |  | 466,076 |  |  | 363,905 |
Total revenues | $ | 1,079,833 |  |  | $ | 1,055,763 |  |  | $ | 3,477,273 |  |  | $ | 3,321,460 |
Reconciliation of segment depreciation and amortization | 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 24, 2023 |  | SEPTEMBER 25, 2022 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022
Depreciation and amortization |  |  |  |  |  |  |
U.S. | $ | 39,829 |  |  | $ | 34,432 |  |  | $ | 117,367 |  |  | $ | 102,735 |
International | 6,231 |  |  | 5,882 |  |  | 18,276 |  |  | 17,438 |
Corporate | 1,938 |  |  | 1,857 |  |  | 6,222 |  |  | 5,030 |
Total depreciation and amortization | $ | 47,998 |  |  | $ | 42,171 |  |  | $ | 141,865 |  |  | $ | 125,203 |
Reconciliation of operating profit from segments to consolidated | 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 24, 2023 |  | SEPTEMBER 25, 2022 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022
Segment income from operations |  |  |  |  |  |  |
U.S. | $ | 68,014 |  |  | $ | 68,501 |  |  | $ | 304,265 |  |  | $ | 305,347 |
International | 22,034 |  |  | 15,849 |  |  | 67,028 |  |  | 38,859 |
Total segment income from operations | 90,048 |  |  | 84,350 |  |  | 371,293 |  |  | 344,206 |
Unallocated corporate operating expense | (31,832) |  |  | (33,041) |  |  | (102,998) |  |  | (97,922) |
Total income from operations | 58,216 |  |  | 51,309 |  |  | 268,295 |  |  | 246,284 |
Loss on extinguishment and modification of debt | — |  |  | — |  |  | — |  |  | (107,630) |
Loss on fair value adjustment of derivatives, net | — |  |  | — |  |  | — |  |  | (17,685) |
Interest expense, net | (12,843) |  |  | (12,696) |  |  | (38,248) |  |  | (38,877) |
Income before (benefit) provision for income taxes | $ | 45,373 |  |  | $ | 38,613 |  |  | $ | 230,047 |  |  | $ | 82,092 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of reconciliation of other items from reportable segments to their consolidated amount. Excludes reconciliation of revenue, profit (loss), and assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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