XML 37 R21.htm IDEA: XBRL DOCUMENT v3.24.3
Segment Reporting
9 Months Ended
Sep. 29, 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 SEPTEMBER 29, 2024
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$887,325 $151,446 $— $1,038,771 
Depreciation and amortization$41,922 $6,184 $2,102 $50,208 
Income (loss) from operations$38,853 $15,608 $(37,251)$17,210 
THIRTEEN WEEKS ENDED SEPTEMBER 24, 2023
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$912,972 $166,861 $— $1,079,833 
Depreciation and amortization$39,829 $6,231 $1,938 $47,998 
Income (loss) from operations$68,014 $22,034 $(31,832)$58,216 
THIRTY-NINE WEEKS ENDED SEPTEMBER 29, 2024
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$2,904,602 $448,362 $— $3,352,964 
Depreciation and amortization$122,506 $20,140 $6,369 $149,015 
Income (loss) from operations$216,014 $30,496 $(106,076)$140,434 
THIRTY-NINE WEEKS ENDED SEPTEMBER 24, 2023
(dollars in thousands)U.S.INTERNATIONALCORPORATECONSOLIDATED
Total revenues$3,011,197 $466,076 $— $3,477,273 
Depreciation and amortization$117,367 $18,276 $6,222 $141,865 
Income (loss) from operations$304,265 $67,028 $(102,998)$268,295 
The following table is a reconciliation of segment income from operations to Income (loss) before (benefit) provision for income taxes for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 29, 2024SEPTEMBER 24, 2023SEPTEMBER 29, 2024SEPTEMBER 24, 2023
Income from operations$17,210 $58,216 $140,434 $268,295 
Loss on extinguishment of debt(225)— (136,022)— 
Interest expense, net(15,953)(12,843)(44,371)(38,248)
Income (loss) before (benefit) provision for income taxes$1,032 $45,373 $(39,959)$230,047