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Segment Information
9 Months Ended
Oct. 02, 2018
Segment Information  
Segment Information

9.  Segment Information

 

For decision-making purposes, our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe and RockSugar Southeast Asian Kitchen restaurants, our bakery division, consumer packaged goods and 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 Southeast Asian Kitchen, bakery, consumer packaged goods 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

 

Thirteen

 

Thirty-Nine

 

Thirty-Nine

 

 

Weeks Ended

 

Weeks Ended

 

Weeks Ended

 

Weeks Ended

 

    

October 2, 2018

    

October 3, 2017

    

October 2, 2018

    

October 3, 2017

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

530,210

 

$

507,572

 

$

1,613,085

 

$

1,543,034

Other

 

 

50,672

 

 

47,820

 

 

151,666

 

 

145,653

Total

 

$

580,882

 

$

555,392

 

$

1,764,751

 

$

1,688,687

 

 

 

 

 

 

 

 

 

 

 

 

 

Income/(loss) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants (1)

 

$

61,950

 

$

60,496

 

$

193,956

 

$

207,028

Other

 

 

4,559

 

 

6,003

 

 

14,353

 

 

18,932

Corporate

 

 

(33,014)

 

 

(32,182)

 

 

(108,720)

 

 

(97,862)

Total

 

$

33,495

 

$

34,317

 

$

99,589

 

$

128,098

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

21,180

 

$

19,012

 

$

60,452

 

$

57,140

Other

 

 

1,734

 

 

2,795

 

 

7,666

 

 

8,770

Corporate

 

 

1,176

 

 

1,192

 

 

3,701

 

 

3,582

Total

 

$

24,090

 

$

22,999

 

$

71,819

 

$

69,492

 

 

 

 

 

 

 

 

 

 

 

 

 

Additions to property and equipment:

 

 

 

 

 

 

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

20,375

 

$

24,530

 

$

50,537

 

$

64,650

Other (2)

 

 

5,718

 

 

4,638

 

 

25,668

 

 

6,549

Corporate

 

 

753

 

 

550

 

 

2,511

 

 

2,218

Total

 

$

26,846

 

$

29,718

 

$

78,716

 

$

73,417

 

 

 

 

 

 

 

 

 

    

October 2, 2018

    

January 2, 2018

Total assets:

 

 

 

 

 

 

The Cheesecake Factory restaurants

 

$

899,645

 

$

937,512

Other

 

 

174,139

 

 

167,096

Corporate

 

 

234,279

 

 

228,452

Total

 

$

1,308,063

 

$

1,333,060


(1)

The thirteen and thirty-nine weeks ended October 2, 2018 include $0.3 million and $2.8 million of lease termination costs related to the closure of one The Cheesecake Factory restaurant. The thirty-nine weeks ended October 3, 2017 includes $1.2 million 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.

 

(2)

The thirty-nine weeks ended October 2, 2018 include costs related to an infrastructure modernization of our California bakery facility.