Segment Information

12 Months Ended

Jan. 03, 2023

Segment Information

Segment Information

19.  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 don’t 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):

	Fiscal Year
	2022		2021		2020
Revenues:
The Cheesecake Factory restaurants	$	2,528,043	$	2,293,225	$	1,585,008
North Italia		228,622		171,901		102,585
Other FRC		237,552		182,175		96,856
Other		308,939		280,239		198,776
Total	$	3,303,156	$	2,927,540	$	1,983,225
Income/(loss) from operations:
The Cheesecake Factory restaurants	$	220,765	$	242,599	$	45,540
North Italia		13,934		8,624		(77,371)
Other FRC		23,577		16,323		(77,026)
Other(1)		(219,341)		(185,228)		(238,580)
Total	$	38,935	$	82,318	$	(347,437)
Depreciation and amortization :
The Cheesecake Factory restaurants	$	66,539	$	65,987	$	67,514
North Italia		5,713		4,078		3,608
Other FRC		6,231		4,802		4,090
Other		13,897		14,787		16,203
Total	$	92,380	$	89,654	$	91,415
Impairment of assets and lease termination expenses:
The Cheesecake Factory restaurants	$	19,701	$	11,904	$	3,261
North Italia		—		—		71,782
Other FRC		3,909		1,305		73,049
Other		7,777		4,930		71,241
Total	$	31,387	$	18,139	$	219,333
Preopening costs:
The Cheesecake Factory restaurants	$	9,525	$	4,868	$	4,206
North Italia		4,305		4,510		2,578
Other FRC		1,361		3,188		1,324
Other		1,638		1,145		2,348
Total	$	16,829	$	13,711	$	10,456
Capital expenditures:
The Cheesecake Factory restaurants	$	65,996	$	31,832	$	33,154
North Italia		14,818		12,539		8,436
Other FRC		18,895		13,524		3,754
Other		12,755		9,048		4,985
Total	$	112,464	$	66,943	$	50,329
Total assets:
The Cheesecake Factory restaurants	$	1,625,073	$	1,653,161	$	1,671,733
North Italia		306,642		270,029		270,218
Other FRC		301,618		276,369		308,866
Other		541,887		598,566		496,237
Total	$	2,775,220	$	2,798,125	$	2,747,054

(1) Fiscal 2022, 2021 and fiscal 2020 include $13.4 million, $19.5 million and $(1.2) million, respectively, of acquisition-related expenses. These amounts were recorded in acquisition-related costs and acquisition-related contingent consideration, compensation and amortization expenses in the consolidated statements of income/(loss).