Segment Information

9 Months Ended

Sep. 27, 2022

Segment Information

Segment Information

12.  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 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, our bakery division and Grand Lux Cafe) 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		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	September 27, 2022		September 28, 2021		September 27, 2022		September 28, 2021
Revenues:
The Cheesecake Factory restaurants	$	602,902	$	592,555	$	1,853,576	$	1,698,635
North Italia		54,113		44,357		163,108		120,747
Other FRC		52,193		44,326		171,045		127,978
Other		74,793		73,236		222,625		203,487
Total	$	784,001	$	754,474	$	2,410,354	$	2,150,847
(Loss)/income from operations:
The Cheesecake Factory restaurants	$	42,122	$	66,791	$	169,893	$	194,470
North Italia		1,655		1,962		10,381		5,320
Other FRC		4,109		3,403		18,231		14,565
Other		(50,091)		(40,779)		(144,447)		(133,016)
Total	$	(2,205)	$	31,377	$	54,058	$	81,339
Depreciation and amortization:
The Cheesecake Factory restaurants	$	15,874	$	16,414	$	47,736	$	49,221
North Italia		1,556		1,068		4,076		2,893
Other FRC		1,661		1,208		4,712		3,423
Other		3,560		3,886		10,240		11,268
Total	$	22,651	$	22,576	$	66,764	$	66,805
Impairment of assets and lease termination expenses:
The Cheesecake Factory restaurants	$	—	$	—	$	(59)	$	—
North Italia		—		—		—		—
Other FRC		—		—		—		—
Other		—		—		372		594
Total	$	—	$	—	$	313	$	594
Capital expenditures:
The Cheesecake Factory restaurants	$	19,176	$	10,680	$	48,097	$	22,606
North Italia		3,281		2,606		11,110		9,095
Other FRC		5,175		3,614		11,014		10,979
Other		4,039		1,356		7,832		6,478
Total	$	31,671	$	18,256	$	78,053	$	49,158
Preopening costs:
The Cheesecake Factory restaurants	$	2,757	$	968	$	5,163	$	3,616
North Italia		1,341		1,057		2,755		3,335
Other FRC		84		849		357		1,948
Other		145		295		763		905
Total	$	4,327	$	3,169	$	9,038	$	9,804

	September 27, 2022		December 28, 2021
Total assets:
The Cheesecake Factory restaurants	$	1,564,945	$	1,653,161
North Italia		303,130		270,029
Other FRC		296,465		276,369
Other		569,534		598,566
Total	$	2,734,074	$	2,798,125