Segment Information

6 Months Ended

Jul. 03, 2012

Segment Information

Segment Information

7.  Segment Information

Our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe, RockSugar Pan Asian Kitchen and the bakery for decision-making purposes.  However, based on quantitative thresholds set forth in ASC 280, “Segment Reporting”, The Cheesecake Factory is our only business that meets the criteria of a reportable operating segment.  Although not required, we present segment information for the bakery separately from our restaurant concepts because the bakery is a distinctively different business, and we believe information regarding this segment is useful to readers.  The bakery segment produces baked desserts and other products for our restaurants and for other foodservice operators, retailers and distributors.  Bakery sales to our restaurants are recorded at prices similar to third-party national accounts.  Unallocated corporate expenses, assets and capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements.

Segment information is presented below (in thousands):

	Thirteen Weeks Ended July 3, 2012			Thirteen Weeks Ended June 28, 2011			Twenty-Six Weeks Ended July 3, 2012			Twenty-Six Weeks Ended June 28, 2011
Revenue:
Restaurants	$	442,919		$	416,549		$	867,921		$	823,452
Bakery	30,154			28,110			56,327			53,947
Intercompany bakery sales	(18,324		)	(13,913		)	(33,745		)	(27,888		)
Total	$	454,749		$	430,746		$	890,503		$	849,511
Income from operations:
Restaurants	$	64,396		$	56,621		$	119,920		$	108,518
Bakery	1,986			1,885			3,796			2,885
Corporate	(25,412		)	(23,344		)	(52,527		)	(46,390		)
Total	$	40,970		$	35,162		$	71,189		$	65,013
Depreciation and amortization:
Restaurants	$	16,819		$	15,819		$	33,427		$	31,597
Bakery	629			640			1,274			1,291
Corporate	1,061			1,024			2,106			2,048
Total	$	18,509		$	17,483		$	36,807		$	34,936
Capital expenditures:
Restaurants	$	14,435		$	18,523		$	26,025		$	26,947
Bakery	1,784			512			4,892			633
Corporate	1,851			636			3,502			2,596
Total	$	18,070		$	19,671		$	34,419		$	30,176

	July 3, 2012		January 3, 2012
Total assets:
Restaurants	$	814,946	$	835,393
Bakery	66,818		61,382
Corporate	130,988		125,795
Total	$	1,012,752	$	1,022,570