Segment Reporting

12 Months Ended

Dec. 29, 2019

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company considers its restaurant concepts and international markets as operating segments, which reflects how the Company manages its business, reviews operating performance and allocates resources. Resources are allocated and performance is assessed by the Company’s Chief Executive Officer, whom the Company has determined to be its Chief Operating Decision Maker. The Company aggregates its operating segments into two reportable segments, U.S. and international. The U.S. segment includes all restaurants operating in the U.S. while restaurants operating outside the U.S. are included in the international segment.

The following is a summary of reporting segments as of December 29, 2019:

REPORTABLE SEGMENT (1)	CONCEPT	GEOGRAPHIC LOCATION
U.S.	Outback Steakhouse	United States of America
	Carrabba’s Italian Grill
	Bonefish Grill
	Fleming’s Prime Steakhouse & Wine Bar
International	Outback Steakhouse	Brazil, Hong Kong/China
	Carrabba’s Italian Grill (Abbraccio)	Brazil

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(1) Includes franchise locations.

Segment accounting policies are the same as those described in Note 2 - Summary of Significant Accounting Policies. Revenues for all segments include only transactions with customers and exclude intersegment revenues. Excluded from Income from operations for U.S. and international are certain legal and corporate costs not directly related to the performance of the segments, most stock-based compensation expenses and certain bonus expenses.

The following table is a summary of Total revenues by segment, for the periods indicated:

	FISCAL YEAR
(dollars in thousands)	2019		2018		2017
Total revenues
U.S.	$	3,687,918	$	3,687,239	$	3,760,867
International	451,471		439,174		462,269
Total revenues	$	4,139,389	$	4,126,413	$	4,223,136

The following table is a reconciliation of segment income from operations to Income before provision (benefit) for income taxes, for the periods indicated:

	FISCAL YEAR
(dollars in thousands)	2019			2018			2017
Segment income from operations
U.S.	$	311,666		$	288,959		$	289,971
International	44,428			22,001			28,798
Total segment income from operations	356,094			310,960			318,769
Unallocated corporate operating expense	(165,004		)	(165,707		)	(180,083		)
Total income from operations	191,090			145,253			138,686
Loss on extinguishment and modification of debt	—			—			(1,069		)
Other (expense) income, net	(143		)	(11		)	14,912
Interest expense, net	(49,257		)	(44,937		)	(41,392		)
Income before provision (benefit) for income taxes	$	141,690		$	100,305		$	111,137

The following table is a summary of Depreciation and amortization expense by segment for the periods indicated:

	FISCAL YEAR
(dollars in thousands)	2019		2018		2017
Depreciation and amortization
U.S.	$	152,881	$	158,307	$	149,976
International	27,491		26,304		27,796
Corporate	16,439		16,982		14,510
Total depreciation and amortization	$	196,811	$	201,593	$	192,282

The following table is a summary of capital expenditures by segment for the periods indicated:

	FISCAL YEAR
(dollars in thousands)	2019		2018		2017
Capital expenditures
U.S.	$	121,646	$	162,207	$	209,260
International	28,496		36,962		33,302
Corporate	8,885		11,754		13,280
Total capital expenditures	$	159,027	$	210,923	$	255,842

The following table sets forth Total assets by segment as of the periods indicated:

(dollars in thousands)	DECEMBER 29, 2019		DECEMBER 30, 2018
Assets
U.S.	$	2,941,831	$	1,841,482
International	462,308		401,557
Corporate	188,544		221,735
Total assets	$	3,592,683	$	2,464,774

Geographic areas — International assets are defined as assets residing in a country other than the U.S. The following table details long-lived assets, excluding goodwill, operating lease right-of-use assets, intangible assets and deferred tax assets, by major geographic area as of the periods indicated:

(dollars in thousands)	DECEMBER 29, 2019		DECEMBER 30, 2018
U.S.	$	1,023,146	$	1,107,679
International
Brazil	113,795		115,560
Other	16,246		13,663
Total assets	$	1,153,187	$	1,236,902

International revenues are defined as revenues generated from restaurant sales originating in a country other than the U.S. The following table details Total revenues by major geographic area for the periods indicated:

	FISCAL YEAR
(dollars in thousands)	2019		2018		2017
U.S.	$	3,687,918	$	3,687,239	$	3,760,867
International
Brazil	393,700		376,317		410,249
Other	57,771		62,857		52,020
Total revenues	$	4,139,389	$	4,126,413	$	4,223,136