Segment Information

6 Months Ended

Jun. 29, 2021

Segment Information

Segment Information

12.  Segment Information

Our operating segments, the businesses for which our management reviews discrete financial information for decision-making purposes, are comprised of The Cheesecake Factory, North Italia, Flower Child, the other FRC brands, our bakery division and Grand Lux Cafe. Based on quantitative thresholds set forth in ASC 280, “Segment Reporting,” The Cheesecake Factory, North Italia and the other FRC brands are the only businesses that meet the criteria of a reportable operating segment. The remaining operating segments (Flower Child, our bakery division and Grand Lux Cafe) along with our businesses that do not qualify as operating segments (RockSugar Southeast Asian Kitchen and Social Monk Asian Kitchen) are combined in Other. Unallocated corporate expenses, capital expenditures and assets are also combined in Other.

Segment information is presented below (in thousands):

	Thirteen		Thirteen		Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	June 29, 2021		June 30, 2020		June 29, 2021		June 30, 2020
Revenues:
The Cheesecake Factory restaurants	$	606,691	$	241,068	$	1,106,080	$	729,539
North Italia		43,566		13,759		76,390		44,271
Other FRC		47,458		12,208		83,652		47,791
Other		71,241		28,816		130,251		89,356
Total	$	768,956	$	295,851	$	1,396,373	$	910,957
Income/(loss) from operations: (1)
The Cheesecake Factory restaurants	$	83,198	$	(26,951)	$	127,679	$	12,373
North Italia		3,026		(4,405)		3,358		(76,491)
Other FRC		7,282		(5,212)		11,162		(75,176)
Other		(52,388)		(47,142)		(92,237)		(134,474)
Total	$	41,118	$	(83,710)	$	49,962	$	(273,768)
Depreciation and amortization:
The Cheesecake Factory restaurants	$	16,487	$	16,867	$	32,807	$	34,144
North Italia		981		901		1,825		1,866
Other FRC		1,038		814		2,215		2,015
Other		3,717		4,008		7,382		8,127
Total	$	22,223	$	22,590	$	44,229	$	46,152
Impairment of assets and lease termination expenses:
The Cheesecake Factory restaurants	$	—	$	2,325	$	—	$	2,941
North Italia		—		—		—		71,524
Other FRC		—		—		—		72,939
Other		—		108		594		46,925
Total	$	—	$	2,433	$	594	$	194,329
Capital expenditures:
The Cheesecake Factory restaurants	$	7,846	$	12,116	$	11,926	$	20,714
North Italia		5,277		30		6,489		2,994
Other FRC		6,646		687		7,365		1,791
Other		3,906		816		5,122		3,925
Total	$	23,675	$	13,649	$	30,902	$	29,424
Preopening costs:
The Cheesecake Factory restaurants	$	584	$	767	$	2,648	$	2,181
North Italia		1,061		311		2,279		1,264
Other FRC		637		380		1,099		221
Other		497		639		609		1,550
Total	$	2,779	$	2,097	$	6,635	$	5,216

	June 29, 2021		December 29, 2020
Total assets:
The Cheesecake Factory	$	1,608,850	$	1,671,733
North Italia		254,910		270,218
Other FRC		289,494		308,866
Other		569,036		496,237
Total	$	2,722,290	$	2,747,054