Segment Information

9 Months Ended

Nov. 05, 2012

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

We are principally engaged in developing, operating, franchising and licensing our Carl’s Jr. and Hardee’s quick-service restaurant concepts, each of which is considered an operating segment that is managed and evaluated separately. The accounting policies of the segments are the same as those described in our summary of significant accounting policies (see Note 1 of Notes to Consolidated Financial Statements in our Annual Report on Form 10-K for the fiscal year ended January 31, 2012).

	Twelve Weeks Ended						Forty Weeks Ended
	November 5, 2012			November 7, 2011			November 5, 2012			November 7, 2011
Revenue:
Carl’s Jr.	$	158,042		$	149,966		$	527,875		$	508,414
Hardee’s	152,644			142,529			503,515			483,979
Other	113			124			367			538
Total	$	310,799		$	292,619		$	1,031,757		$	992,931
Segment income:
Carl’s Jr.	$	24,712		$	18,707		$	82,992		$	66,810
Hardee’s	31,535			26,016			101,524			86,023
Other	113			117			361			359
Total	56,360			44,840			184,877			153,192
Less: General and administrative expense	(30,800		)	(30,570		)	(102,288		)	(100,876		)
Less: Facility action charges, net	(102		)	(262		)	(2,532		)	(703		)
Less: Other operating expenses	—			—			—			(545		)
Operating income	25,458			14,008			80,057			51,068
Interest expense	(17,381		)	(17,415		)	(59,014		)	(59,626		)
Other income (expense), net	430			(252		)	(1,600		)	(1,668		)
Income (loss) before income taxes	$	8,507		$	(3,659	)	$	19,443		$	(10,226	)

	Twelve Weeks Ended				Forty Weeks Ended
	November 5, 2012		November 7, 2011		November 5, 2012		November 7, 2011
Capital expenditures:
Carl’s Jr.	$	9,813	$	8,642	$	22,648	$	18,608
Hardee’s	3,545		7,275		15,575		25,034
Other	523		410		1,171		798
Total	$	13,881	$	16,327	$	39,394	$	44,440
Depreciation and amortization:
Depreciation and amortization included in segment income:
Carl’s Jr.	$	7,837	$	8,548	$	27,767	$	29,127
Hardee’s	8,550		9,712		30,694		31,178
Other	—		—		—		—
Other depreciation and amortization(1)	655		770		2,493		2,568
Total depreciation and amortization	$	17,042	$	19,030	$	60,954	$	62,873

___________

(1) Represents depreciation and amortization excluded from the computation of segment income.

	November 5, 2012		January 31, 2012
Total assets:
Carl’s Jr.	$	832,124	$	779,970
Hardee’s	614,577		633,127
Other	76,601		67,041
Total	$	1,523,302	$	1,480,138