SEGMENT REPORTING

6 Months Ended

Apr. 17, 2022

Segment Reporting [Abstract]

SEGMENT REPORTING

SEGMENT REPORTING

Our principal business consists of developing, operating and franchising our Jack in the Box and Del Taco restaurant brands, each of which we consider a reportable operating segment. This segment reporting structure reflects our current management structure, internal reporting method and financial information used in deciding how to allocate our resources. Based upon certain quantitative thresholds, each operating segment is considered a reportable segment.

We measure and evaluate our segments based on segment revenues and segment profit. Our measure of segment profit excludes depreciation and amortization, share-based compensation, company-owned life insurance (“COLI”) gains/losses, net of changes in our non-qualified deferred compensation obligation supported by these policies, acquisition, integration, and restructuring expenses, gains on the sale of company-operated restaurants, and amortization of favorable and unfavorable leases and subleases, net. The following table provides information related to our operating segments in each period (in thousands):

	Quarter				Year-to-date
	April 17, 2022		April 11, 2021		April 17, 2022		April 11, 2021
Revenues by segment:
Jack in the Box	$	259,337	$	257,217	$	604,048	$	595,758
Del Taco	62,957		—		62,957		—
Consolidated revenues	$	322,294	$	257,217	$	667,005	$	595,758
Segment operating profit:
Jack in the Box	$	61,321	$	74,111	$	151,984	$	172,766
Del Taco	6,056		—		6,056		—
Total segment operating profit	$	67,377	$	74,111	$	158,040	$	172,766
Depreciation and amortization	11,545		10,696		24,041		25,267
Acquisition, integration, and restructuring costs	13,098		(2)		16,111		4
Share-based compensation	2,916		1,605		3,934		2,836
Cash surrender value of COLI policies, net	2,136		(1,544)		2,580		(6,340)
Gains on the sale of company-operated restaurants	(810)		(1,532)		(858)		(2,815)
Amortization of favorable and unfavorable leases and subleases, net	248		—		248		—
Earnings from operations	$	38,244	$	64,888	$	111,984	$	153,814
Total capital expenditures by segment:
Jack in the Box	$	7,929	$	15,852	$	17,330	$	22,928
Del Taco	3,451		—		3,451		—
Total capital expenditures	$	11,380	$	15,852	$	20,781	$	22,928
Total depreciation and amortization by segment:
Jack in the Box	$	9,340	$	10,696	$	21,836	$	25,267
Del Taco	2,205		—		2,205		—
Total depreciation and amortization	$	11,545	$	10,696	$	24,041	$	25,267

We do not evaluate, manage or measure performance of segments using asset, interest income and expense, or income tax information; accordingly, this information by segment is not prepared or disclosed.