Segment Information

6 Months Ended

Jun. 28, 2022

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 Accounting Standards Codification (“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 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 28, 2022		June 29, 2021		June 28, 2022		June 29, 2021
Revenues:
The Cheesecake Factory restaurants	$	640,858	$	606,691	$	1,250,674	$	1,106,080
North Italia		56,238		43,566		108,995		76,390
Other FRC		60,020		47,458		118,852		83,652
Other		75,527		71,241		147,832		130,251
Total	$	832,643	$	768,956	$	1,626,353	$	1,396,373
Income from operations:
The Cheesecake Factory restaurants	$	64,327	$	83,198	$	127,771	$	127,679
North Italia		5,048		3,026		8,726		3,358
Other FRC		6,793		7,282		14,122		11,162
Other		(48,226)		(52,388)		(94,356)		(92,237)
Total	$	27,942	$	41,118	$	56,263	$	49,962
Depreciation and amortization:
The Cheesecake Factory restaurants	$	16,275	$	16,487	$	31,862	$	32,807
North Italia		1,222		981		2,520		1,825
Other FRC		1,470		1,038		3,051		2,215
Other		3,641		3,717		6,680		7,382
Total	$	22,608	$	22,223	$	44,113	$	44,229
Impairment of assets and lease termination expenses:
The Cheesecake Factory restaurants	$	106	$	—	$	(59)	$	—
North Italia		—		—		—		—
Other FRC		—		—		—		—
Other		—		—		372		594
Total	$	106	$	—	$	313	$	594
Capital expenditures:
The Cheesecake Factory restaurants	$	8,324	$	7,846	$	28,921	$	11,926
North Italia		4,825		5,277		7,829		6,489
Other FRC		1,983		6,646		5,839		7,365
Other		2,157		3,906		3,793		5,122
Total	$	17,289	$	23,675	$	46,382	$	30,902
Preopening costs:
The Cheesecake Factory restaurants	$	1,372	$	584	$	2,406	$	2,648
North Italia		1,004		1,061		1,414		2,279
Other FRC		284		637		273		1,099
Other		287		497		618		609
Total	$	2,947	$	2,779	$	4,711	$	6,635

	June 28, 2022		December 28, 2021
Total assets:
The Cheesecake Factory restaurants	$	1,601,058	$	1,653,161
North Italia		290,125		270,029
Other FRC		283,041		276,369
Other		598,209		598,566
Total	$	2,772,433	$	2,798,125