Business Segment Information

12 Months Ended

Dec. 27, 2018

12. Business Segment Information

The Company evaluates performance and allocates resources based on the operating income (loss) of each segment. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies.

Following is a summary of business segment information for fiscal 2018, fiscal 2017 and fiscal 2016:

	Theatres		Hotels/ Resorts		Corporate Items			Total
	(in thousands)
Fiscal 2018
Revenues (1)	$	446,804	$	259,892	$	424		$	707,120
Operating income (loss)		88,790		12,480		(18,081	)		83,189
Depreciation and amortization		38,760		22,229		353			61,342
Assets		624,512		306,162		58,657			989,331
Capital expenditures and acquisitions		43,568		14,931		161			58,660

Fiscal 2017
Revenues (1)	$	403,431	$	249,564	$	557		$	653,552
Operating income (loss)		80,447		12,895		(16,035	)		77,307
Depreciation and amortization		33,448		17,912		359			51,719
Assets		637,723		313,942		66,132			1,017,797
Capital expenditures and acquisitions		93,676		20,604		524			114,804

Fiscal 2016
Revenues (1)	$	330,605	$	243,192	$	527		$	574,324
Operating income (loss)		71,800		14,619		(14,946	)		71,473
Depreciation and amortization		24,570		16,895		367			41,832
Assets		561,755		311,738		37,773			911,266
Capital expenditures and acquisitions		132,509		14,650		213			147,372

Corporate items include amounts not allocable to the business segments. Corporate revenues consist principally of rent and the corporate operating loss includes general corporate expenses. Corporate information technology costs and accounting shared services costs are allocated to the business segments based upon several factors, including actual usage and segment revenues. Corporate assets primarily include cash and cash equivalents, furniture, fixtures and equipment, investments and land held for development.

(1)

Revenues include cost reimbursements of $34,285 for fiscal 2018 (Theatres - $1,292, Hotels/Resorts - $32,993); $30,838 for fiscal 2017 (Theatres - $2,140, Hotels/Resorts – $28,698); and $30,460 for fiscal 2016 (Theatres - $2,440, Hotels/Resorts - $28,020)