SEGMENT REPORTING

9 Months Ended

Jul. 10, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Our principal business consists of developing, operating and franchising our Jack in the Box and Del Taco restaurant brands, each of which we consider 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.

We measure and evaluate 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 expenses, 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):

	Quarter				Year-to-date
	July 10, 2022		July 4, 2021		July 10, 2022		July 4, 2021
Revenues by segment:
Jack in the Box	$	271,976	$	269,458	$	876,024	$	865,216
Del Taco	126,329		—		189,286		—
Consolidated revenues	$	398,305	$	269,458	$	1,065,310	$	865,216
Segment operating profit:
Jack in the Box	$	64,951	$	75,397	$	216,935	$	248,163
Del Taco	12,209		—		18,265		—
Total segment operating profit	$	77,160	$	75,397	$	235,200	$	248,163
Depreciation and amortization	16,713		10,389		40,754		35,656
Acquisition, integration, and restructuring costs	2,753		—		18,864		4
Share-based compensation	1,607		502		5,541		3,338
Net COLI losses (gains)	4,585		(2,611)		7,165		(8,951)
Gains on the sale of company-operated restaurants	(802)		(264)		(1,660)		(3,079)
Amortization of favorable and unfavorable leases and subleases, net	437		—		685		—
Earnings from operations	$	51,867	$	67,381	$	163,851	$	221,195
Total capital expenditures by segment:
Jack in the Box	$	7,603	$	12,229	$	24,933	$	35,157
Del Taco	5,965		—		9,416		—
Total capital expenditures	$	13,568	$	12,229	$	34,349	$	35,157
Total depreciation and amortization by segment:
Jack in the Box	$	9,202	$	10,389	$	31,038	$	35,656
Del Taco	7,511		—		9,716		—
Total depreciation and amortization	$	16,713	$	10,389	$	40,754	$	35,656

We do 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.