Segment Information

3 Months Ended

Apr. 04, 2023

Segment Information

Segment Information

11.  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 and our bakery division. 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 and our bakery division) 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
	Weeks Ended		Weeks Ended
	April 4, 2023		March 29, 2022
Revenues:
The Cheesecake Factory restaurants	$	656,000	$	609,816
North Italia		63,303		52,757
Other FRC		68,640		58,832
Other		78,171		72,305
Total	$	866,114	$	793,710
Income from operations:
The Cheesecake Factory restaurants	$	78,386	$	63,444
North Italia		4,606		3,678
Other FRC		8,711		7,329
Other		(57,777)		(46,130)
Total	$	33,926	$	28,321
Depreciation and amortization:
The Cheesecake Factory restaurants	$	16,018	$	15,587
North Italia		1,467		1,298
Other FRC		1,927		1,581
Other		3,543		3,039
Total	$	22,955	$	21,505
Impairment of assets and lease termination expenses:
The Cheesecake Factory restaurants	$	93	$	(165)
North Italia		—		—
Other FRC		55		—
Other		2,094		372
Total	$	2,242	$	207
Preopening costs:
The Cheesecake Factory restaurants	$	1,448	$	1,034
North Italia		446		410
Other FRC		721		(11)
Other		437		331
Total	$	3,052	$	1,764
Capital expenditures:
The Cheesecake Factory restaurants	$	23,213	$	20,597
North Italia		6,131		3,004
Other FRC		5,165		3,856
Other		3,453		1,636
Total	$	37,962	$	29,093

	April 4, 2023		January 3, 2023
Total assets:
The Cheesecake Factory restaurants	$	1,539,068	$	1,625,073
North Italia		311,317		306,642
Other FRC		304,357		301,618
Other		587,746		541,887
Total	$	2,742,488	$	2,775,220