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Segment Reporting | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Reporting | Segment Reporting The Company considers each of 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, whom the Company has determined to be its 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. 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, a portion of insurance expenses and certain bonus expenses. The following table details Total revenues by segment and major geographic area for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2023 |  | 2022 |  | 2021
U.S. | $ | 4,053,599 |  |  | $ | 3,911,870 |  |  | $ | 3,759,981 |
International (1) |  |  |  |  |
Brazil | 529,670 |  |  | 448,411 |  |  | 297,167 |
Other | 88,201 |  |  | 56,227 |  |  | 65,237 |
Total revenues | $ | 4,671,470 |  |  | $ | 4,416,508 |  |  | $ | 4,122,385 |
_________________ (1)International revenues are defined as revenues generated from restaurant sales originating in a country other than the U.S. The following table is a summary of Depreciation and amortization expense by segment for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2023 |  | 2022 |  | 2021
Depreciation and amortization |  |  |  |  |
U.S. | $ | 157,878 |  |  | $ | 139,170 |  |  | $ | 134,243 |
International | 25,430 |  |  | 23,397 |  |  | 22,649 |
Corporate | 7,863 |  |  | 7,050 |  |  | 6,499 |
Total depreciation and amortization | $ | 191,171 |  |  | $ | 169,617 |  |  | $ | 163,391 |
The following table is a reconciliation of segment income from operations to Income before provision for income taxes for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2023 |  | 2022 |  | 2021
Segment income from operations |  |  |  |  |
U.S. | $ | 377,534 |  |  | $ | 407,860 |  |  | $ | 443,887 |
International | 83,948 |  |  | 57,333 |  |  | 16,657 |
Total segment income from operations | 461,482 |  |  | 465,193 |  |  | 460,544 |
Unallocated corporate operating expense | (136,338) |  |  | (134,772) |  |  | (151,586) |
Total income from operations | 325,144 |  |  | 330,421 |  |  | 308,958 |
Loss on extinguishment and modification of debt | — |  |  | (107,630) |  |  | (2,073) |
Loss on fair value adjustment of derivatives, net | — |  |  | (17,685) |  |  | — |
Interest expense, net | (52,169) |  |  | (53,199) |  |  | (57,588) |
Income before provision for income taxes | $ | 272,975 |  |  | $ | 151,907 |  |  | $ | 249,297 |
The following table is a summary of capital expenditures by segment for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2023 |  | 2022 |  | 2021
Capital expenditures |  |  |  |  |
U.S. | $ | 276,660 |  |  | $ | 196,163 |  |  | $ | 103,303 |
International | 45,542 |  |  | 28,647 |  |  | 14,074 |
Corporate | 11,961 |  |  | 11,709 |  |  | 9,035 |
Total capital expenditures | $ | 334,163 |  |  | $ | 236,519 |  |  | $ | 126,412 |
The following table sets forth Total assets by segment as of the periods indicated:
(dollars in thousands) | DECEMBER 31, 2023 |  | DECEMBER 25, 2022
Assets |  |  |
U.S. | $ | 2,703,751 |  |  | $ | 2,669,953 |
International | 457,692 |  |  | 400,052 |
Corporate | 262,638 |  |  | 250,420 |
Total assets | $ | 3,424,081 |  |  | $ | 3,320,425 |
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 goodwill, operating lease right-of-use assets, intangible assets and deferred tax assets, by major geographic area as of the periods indicated:
(dollars in thousands) | DECEMBER 31, 2023 |  | DECEMBER 25, 2022
U.S. | $ | 980,731 |  |  | $ | 891,379 |
International |  |  |
Brazil | 128,854 |  |  | 93,972 |
Other | 7,524 |  |  | 10,938 |
Total long-lived assets | $ | 1,117,109 |  |  | $ | 996,289 |

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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) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -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 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -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 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 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 + Details
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