Segment Information

9 Months Ended

Sep. 29, 2020

Segment Information

Segment Information

15.  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, including RockSugar Southeast Asian Kitchen, Social Monk Asian Kitchen and our international business, are combined in Other. Unallocated corporate expenses, capital expenditures and assets, which were previously classified in a separate Corporate line, are also combined in Other. In addition, gift card costs, which were previously classified in The Cheesecake Factory restaurants reportable segment, are combined in Other. Corresponding prior year balances were reclassified to conform to the current year presentation.

Segment information is presented below (in thousands):

	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	September 29, 2020		October 1, 2019		September 29, 2020		October 1, 2019
Revenues:
The Cheesecake Factory restaurants	$	416,984	$	536,101	$	1,146,524	$	1,636,253
North Italia		27,990		—		72,262		—
Other FRC		20,273		—		68,063		—
Other		52,469		50,435		141,824		152,409
Total	$	517,716	$	586,536	$	1,428,673	$	1,788,662
Loss/(income) from operations: (1)
The Cheesecake Factory restaurants	$	18,836	$	64,254	$	31,208	$	203,803
North Italia		(831)		—		(77,321)		—
Other FRC		(1,901)		—		(77,077)		—
Other		(50,962)		(37,290)		(185,436)		(106,592)
Total	$	(34,858)	$	26,964	$	(308,626)	$	97,211
Depreciation and amortization:
The Cheesecake Factory restaurants	$	16,713	$	17,728	$	50,857	$	53,340
North Italia		901		—		2,767		—
Other FRC		987		—		3,002		—
Other		4,050		3,614		12,177		11,023
Total	$	22,651	$	21,342	$	68,803	$	64,363
Capital expenditures:
The Cheesecake Factory restaurants	$	6,575	$	16,149	$	27,289	$	42,880
North Italia		(349)		—		2,645		—
Other FRC		2,123		—		3,914		—
Other		497		1,182		4,422		3,822
Total	$	8,846	$	17,331	$	38,270	$	46,702
Preopening costs:
The Cheesecake Factory restaurants	$	976	$	2,437	$	3,157	$	5,874
North Italia		631		—		1,895		—
Other FRC		306		—		527		—
Other		481		109		2,031		977
Total	$	2,394	$	2,546	$	7,610	$	6,851

	September 29, 2020		December 31, 2019
Total assets: (1)
The Cheesecake Factory restaurants	$	1,639,811	$	1,701,418
North Italia		265,897		297,840
Other FRC		300,553		310,414
Other		621,802		530,921
Total	$	2,828,063	$	2,840,593

(1) During the thirteen weeks ended September 29, 2020, we recorded impairment of assets and lease termination expense of $10.4 million in the Other segment. During the thirty-nine weeks ended September 29, 2020, we recorded impairment of assets and lease termination expense of $3.0 million for The Cheesecake Factory restaurants, $71.5 million for North Italia, $72.9 million for Other FRC and $57.3 million for Other.