XML 37 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Reporting
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The following is a summary of reporting segments:
REPORTABLE SEGMENT (1)CONCEPTGEOGRAPHIC LOCATION
U.S.Outback SteakhouseUnited States of America
Carrabba’s Italian Grill
Bonefish Grill
Fleming’s Prime Steakhouse & Wine Bar
InternationalOutback SteakhouseBrazil, 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 31, 2023. 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 tables summarize Total revenues, Depreciation and amortization, and Income (loss) from operations by segment for the periods indicated:
THIRTEEN WEEKS ENDED JUNE 30, 2024
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$974,173 $144,693 $— $1,118,866 
Depreciation and amortization$40,616 $6,695 $2,214 $49,525 
Income (loss) from operations$79,677 $(874)$(32,672)$46,131 
THIRTEEN WEEKS ENDED JUNE 25, 2023
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$1,005,229 $147,465 $— $1,152,694 
Depreciation and amortization$39,375 $6,126 $2,064 $47,565 
Income (loss) from operations$103,008 $20,486 $(34,048)$89,446 
TWENTY-SIX WEEKS ENDED JUNE 30, 2024
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$2,017,277 $296,916 $— $2,314,193 
Depreciation and amortization$80,584 $13,956 $4,267 $98,807 
Income (loss) from operations$177,161 $14,888 $(68,825)$123,224 
TWENTY-SIX WEEKS ENDED JUNE 25, 2023
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$2,098,225 $299,215 $— $2,397,440 
Depreciation and amortization$77,538 $12,045 $4,284 $93,867 
Income (loss) from operations$236,251 $44,994 $(71,166)$210,079 
The following table is a reconciliation of segment income from operations to Income (loss) before provision for income taxes for the periods indicated:
THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED
(dollars in thousands)JUNE 30, 2024JUNE 25, 2023JUNE 30, 2024JUNE 25, 2023
Income from operations$46,131 $89,446 $123,224 $210,079 
Loss on extinguishment of debt— — (135,797)— 
Interest expense, net(14,802)(12,961)(28,418)(25,405)
Income (loss) before provision for income taxes$31,329 $76,485 $(40,991)$184,674