Segment Information

6 Months Ended

Jul. 04, 2017

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 Rock Sugar Pan Asian Kitchen restaurants (transitioning to RockSugar Southeast Asian Kitchen), 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, Rock Sugar 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 condensed consolidated financial statements.

Segment information is presented below (in thousands):

	Thirteen Weeks Ended July 4, 2017			Thirteen Weeks Ended June 28, 2016			Twenty-Six Weeks Ended July 4, 2017			Twenty-Six Weeks Ended June 28, 2016
Revenues:
The Cheesecake Factory restaurants	$	520,228		$	511,918		$	1,035,462		$	1,018,234
Other	49,641			46,944			97,833			94,321
Total	$	569,869		$	558,862		$	1,133,295		$	1,112,555
Income/(loss) from operations:
The Cheesecake Factory restaurants (1)	$	75,989		$	82,285		$	146,532		$	156,577
Other	6,291			5,769			12,929			12,681
Corporate	(32,062		)	(32,864		)	(65,680		)	(65,474		)
Total	$	50,218		$	55,190		$	93,781		$	103,784
Depreciation and amortization:
The Cheesecake Factory restaurants	$	19,091		$	18,222		$	38,128		$	36,474
Other	2,998			2,068			5,975			4,143
Corporate	1,208			1,171			2,390			2,308
Total	$	23,297		$	21,461		$	46,493		$	42,925
Capital expenditures:
The Cheesecake Factory restaurants	$	21,113		$	14,640		$	39,256		$	36,072
Other	1,546			2,778			1,911			3,471
Corporate	1,817			349			2,532			665
Total	$	24,476		$	17,767		$	43,699		$	40,208

	July 4, 2017		January 3, 2017
Total assets:
The Cheesecake Factory restaurants	$	914,981	$	950,372
Other	157,119		157,842
Corporate	227,215		185,105
Total	$	1,299,315	$	1,293,319

(1) Includes $0.4 million and $1.2 million in the thirteen and twenty-six weeks ended July 4, 2017, respectively, of accelerated depreciation and impairment expense related to the relocation of one The Cheesecake Factory restaurant and the lease expiration of one The Cheesecake Factory restaurant.  These amounts were recorded in impairment of assets and lease terminations in the condensed consolidated statements of income.