Segment Information

12 Months Ended

Jan. 01, 2019

16. 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 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 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 consolidated financial statements.

Segment information is presented below (in thousands):


	Fiscal Year
	2018		2017		2016
Revenues:
The Cheesecake Factory restaurants	$	2,127,347	$	2,057,816	$	2,078,083
Other		204,984		202,686		197,636
Total	$	2,332,331	$	2,260,502	$	2,275,719
Income/(loss) from operations:
The Cheesecake Factory restaurants (1)	$	252,210	$	263,581	$	308,058
Other (2)		8,993		17,547		27,623
Corporate		(142,255)		(128,283)		(134,688)
Total	$	118,948	$	152,845	$	200,993
Depreciation and amortization:
The Cheesecake Factory restaurants	$	80,646	$	76,186	$	74,861
Other		10,438		11,717		8,469
Corporate		4,892		4,826		4,680
Total	$	95,976	$	92,729	$	88,010
Capital expenditures:
The Cheesecake Factory restaurants	$	71,880	$	101,142	$	99,817
Other		28,324		16,885		13,783
Corporate		2,705		2,752		2,221
Total	$	102,909	$	120,779	$	115,821
Total assets:
The Cheesecake Factory restaurants	$	928,345	$	937,512	$	950,372
Other		164,972		167,096		157,842
Corporate		220,816		228,452		185,105
Total	$	1,314,133	$	1,333,060	$	1,293,319

(1)

Fiscal 2018 includes $6.6 million of lease termination and impairment expense, fiscal 2017 includes $2.5 million of accelerated depreciation and impairment expense, and fiscal 2016 includes $0.1 million of accelerated depreciation expense. (See Note 1 for further discussion of these charges.)

(2)

Fiscal 2018 and fiscal 2017 include impairment expense of $11.3 million and $7.8 million, respectively. (See Note 1 for further discussion of these charges.)