Segment Information

9 Months Ended

Sep. 28, 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		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	September 28, 2021		September 29, 2020		September 28, 2021		September 29, 2020
Revenues:
The Cheesecake Factory restaurants	$	592,555	$	416,984	$	1,698,635	$	1,146,524
North Italia		44,357		27,990		120,747		72,262
Other FRC		44,326		20,273		127,978		68,063
Other		73,236		52,469		203,487		141,824
Total	$	754,474	$	517,716	$	2,150,847	$	1,428,673
Income/(loss) from operations: (1)
The Cheesecake Factory restaurants	$	66,791	$	18,836	$	194,470	$	31,208
North Italia		1,962		(831)		5,320		(77,321)
Other FRC		3,403		(1,901)		14,565		(77,077)
Other		(40,779)		(50,962)		(133,016)		(185,436)
Total	$	31,377	$	(34,858)	$	81,339	$	(308,626)
Depreciation and amortization:
The Cheesecake Factory restaurants	$	16,414	$	16,713	$	49,221	$	50,857
North Italia		1,068		901		2,893		2,767
Other FRC		1,208		987		3,423		3,002
Other		3,886		4,050		11,268		12,177
Total	$	22,576	$	22,651	$	66,805	$	68,803
Impairment of assets and lease termination expenses:
The Cheesecake Factory restaurants	$	—	$	(157)	$	—	$	2,784
North Italia		—		—		—		71,524
Other FRC		—		—		—		72,939
Other		—		10,559		594		57,484
Total	$	—	$	10,402	$	594	$	204,731
Capital expenditures:
The Cheesecake Factory restaurants	$	10,680	$	6,575	$	22,606	$	27,289
North Italia		2,606		(349)		9,095		2,645
Other FRC		3,614		2,123		10,979		3,914
Other		1,356		497		6,478		4,422
Total	$	18,256	$	8,846	$	49,158	$	38,270
Preopening costs:
The Cheesecake Factory restaurants	$	968	$	976	$	3,616	$	3,157
North Italia		1,057		631		3,335		1,895
Other FRC		849		306		1,948		527
Other		295		481		905		2,031
Total	$	3,169	$	2,394	$	9,804	$	7,610

	September 28, 2021		December 29, 2020
Total assets:
The Cheesecake Factory	$	1,572,956	$	1,671,733
North Italia		267,816		270,218
Other FRC		300,624		308,866
Other		576,322		496,237
Total	$	2,717,718	$	2,747,054