Segment Information

12 Months Ended

Dec. 29, 2015

Segment Information

Segment Information

15.  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 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):

	Fiscal Year
	2015			2014			2013
Revenue:
The Cheesecake Factory restaurants	$	1,913,758		$	1,792,796		$	1,688,036
Other	186,851			183,828			189,874
	$	2,100,609		$	1,976,624		$	1,877,910
Income/(loss) from operations:
The Cheesecake Factory restaurants (1)	$	275,686		$	240,774		$	250,230
Other (2)	18,047			14,983			19,985
Corporate	(128,487		)	(111,026		)	(109,261		)
	$	165,246		$	144,731		$	160,954
Total assets:
The Cheesecake Factory restaurants	$	934,606		$	861,697		$	813,780
Other	152,243			154,033			155,231
Corporate	146,497			145,646			139,095
	$	1,233,346		$	1,161,376		$	1,108,106
Capital expenditures:
The Cheesecake Factory restaurants	$	122,358		$	104,525		$	98,660
Other	13,644			3,713			3,621
Corporate	17,939			5,744			4,008
	$	153,941		$	113,982		$	106,289
Depreciation and amortization:
The Cheesecake Factory restaurants	$	71,821		$	68,504		$	63,549
Other	9,690			10,337			10,514
Corporate	4,052			3,994			4,495
	$	85,563		$	82,835		$	78,558

(1) Includes impairment and lease termination expenses/(income) related to four The Cheesecake Factory restaurants.  The pre-tax amounts associated with these items were $0.7 million and ($1.2) million in fiscal 2014 and 2013, respectively.  These amounts were recorded in impairment of assets and lease terminations in the consolidated statements of income. (See Note 1 for further discussion of these charges.)

(2) Includes impairment and lease termination expenses related to our RockSugar Pan Asian Kitchen restaurant and four Grand Lux Cafe restaurants.  The pre-tax amounts associated with these items were $6.0 million and $0.6 million in fiscal years 2015 and 2013, respectively in the consolidated statements of income.  These amounts were recorded in impairment of assets and lease terminations. (See Note 1 for further discussion of these charges.)