Segment Reporting

12 Months Ended

Oct. 01, 2023

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 strategic initiatives, 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):

	2023		2022		2021
Revenues by segment:
Jack in the Box	$	1,195,311	$	1,151,188	$	1,143,670
Del Taco	496,995		316,895		—
Consolidated revenues	$	1,692,306	$	1,468,083	$	1,143,670
Segment operating profit:
Jack in the Box	$	308,548	$	310,745	$	327,157
Del Taco	30,491		27,981		—
Total segment operating profit	$	339,039	$	338,726	$	327,157
Depreciation and amortization	62,287		56,100		46,500
Acquisition, integration and strategic initiatives	9,112		20,081		7
Share-based compensation	11,205		7,122		4,048
Net COLI losses (gains)	(5,953)		9,911		(9,141)
Gains on the sale of company-operated restaurants	(17,998)		(3,878)		(4,203)
Amortization of favorable and unfavorable leases and subleases, net	1,633		1,120		—
Earnings from operations	$	278,753	$	248,270	$	289,946
Total capital expenditures by segment:
Jack in the Box	$	53,692	$	31,601	$	41,008
Del Taco	21,262		14,874		—
Total capital expenditures	$	74,954	$	46,475	$	41,008
Total depreciation and amortization by segment:
Jack in the Box	$	35,973	$	39,895	$	46,500
Del Taco	26,314		16,205		—
Total depreciation and amortization	$	62,287	$	56,100	$	46,500

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.