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SEGMENT REPORTING
6 Months Ended
Apr. 16, 2023
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company’s principal business consists of developing, operating and franchising our Jack in the Box and Del Taco restaurant brands, each of which is considered a reportable operating segment. This segment reporting structure reflects our current management structure, internal reporting method and financial information used in deciding how to allocate our resources. Based upon certain quantitative thresholds, each operating segment is considered a reportable segment.
The Company measures and evaluates our segments based on segment revenues and segment profit. Our measure of segment profit excludes depreciation and amortization, share-based compensation, company-owned life insurance (“COLI”) gains/losses, net of changes in our non-qualified deferred compensation obligation supported by these policies, acquisition, integration, and restructuring costs, gains on the sale of company-operated restaurants, and amortization of favorable and unfavorable leases and subleases, net.
The following table provides information related to our operating segments in each period (in thousands):
QuarterYear-to-date
April 16,
2023
April 17,
2022
April 16,
2023
April 17,
2022
Revenues by segment:
Jack in the Box$274,832 $259,337 $641,749 $604,048 
Del Taco120,912 62,957 281,091 62,957 
Consolidated revenues$395,744 $322,294 $922,840 $667,005 
Segment operating profit:
Jack in the Box$70,286 $61,321 $174,712 $151,984 
Del Taco8,893 6,056 20,964 6,056 
Total segment operating profit$79,179 $67,377 $195,676 $158,040 
Depreciation and amortization14,598 11,545 34,000 24,041 
Acquisition, integration, and restructuring costs1,259 13,098 2,896 16,111 
Share-based compensation2,398 2,916 5,932 3,934 
Net COLI (gains) losses(844)2,136 (6,568)2,580 
Gains on the sale of company-operated restaurants(704)(810)(4,529)(858)
Amortization of favorable and unfavorable leases and subleases, net833 248 1,375 248 
Earnings from operations$61,639 $38,244 $162,570 $111,984 
Total capital expenditures by segment:
Jack in the Box$8,606 $7,929 $23,862 $17,330 
Del Taco4,562 3,451 13,334 3,451 
Total capital expenditures$13,168 $11,380 $37,196 $20,781 
Total depreciation and amortization by segment:
Jack in the Box$8,283 $9,340 $19,312 $21,836 
Del Taco6,315 2,205 14,688 2,205 
Total depreciation and amortization$14,598 $11,545 $34,000 $24,041 
The Company does not evaluate, manage or measure performance of segments using asset, interest income and expense, or income tax information; accordingly, this information by segment is not prepared or disclosed.