Segment Information

6 Months Ended

Jul. 01, 2014

Segment Information

Segment Information

8.  Segment Information

For decision-making purposes, our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe and RockSugar Pan Asian Kitchen restaurants, our bakery division and our international licensing operations.  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.  Grand Lux Cafe, RockSugar Pan Asian Kitchen, bakery and international licensing operations are combined in Other. 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 1, 2014			Thirteen Weeks Ended July 2, 2013			Twenty-Six Weeks Ended July 1, 2014			Twenty-Six Weeks Ended July 2, 2013
Revenues:
The Cheesecake Factory restaurants	$	451,454		$	424,845		$	888,060		$	837,396
Other	44,952			45,273			89,777			95,740
Total	$	496,406		$	470,118		$	977,837		$	933,136
Income from operations:
The Cheesecake Factory restaurants (1)	$	65,046		$	62,718		$	123,036		$	121,955
Other (2)	4,589			5,106			9,015			9,606
Corporate	(26,944		)	(26,654		)	(56,287		)	(53,604		)
Total	$	42,691		$	41,170		$	75,764		$	77,957
Depreciation and amortization:
The Cheesecake Factory restaurants	$	16,897		$	15,551		$	33,651		$	31,066
Other	2,609			2,605			5,200			5,225
Corporate	1,028			1,059			1,934			2,154
Total	$	20,534		$	19,215		$	40,785		$	38,445
Capital expenditures:
The Cheesecake Factory restaurants	$	25,906		$	20,721		$	54,022		$	33,995
Other	418			1,305			1,412			1,483
Corporate	1,385			910			2,376			2,039
Total	$	27,709		$	22,936		$	57,810		$	37,517

	July 1, 2014		December 31, 2013
Total assets:
The Cheesecake Factory restaurants	$	792,709	$	813,780
Other	151,604		155,231
Corporate	136,208		155,103
Total	$	1,080,521	$	1,124,114

(1) Includes $0.2 million and $0.5 million in the first and second quarters of fiscal 2014, respectively, related to the relocation of one restaurant.  Also includes $1.5 million in the second quarter of fiscal 2013 related to the relocation of two restaurants.  These items were recorded in impairment of assets and lease terminations.

(2) Includes $0.6 million in the first quarter of fiscal 2013 for three Grand Lux Cafe locations where we discontinued operations.  This item was recorded in impairment of assets and lease terminations.