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17. Business Segment Reporting (Tables)

9 Months Ended

Jul. 04, 2012

	Net Revenue

	Twelve Weeks				Forty Weeks

		2012		2011		2012		2011
Operating Business:
Restaurant Operations:
Steak n Shake	$	170,925	$	165,228	$	549,338	$	524,266
Western		4,261		4,336		11,789		11,825
Total Restaurant Operations		175,186		169,564		561,127		536,091

Investment Management:
Management fees		—		—		—		224
Consolidated affiliated partnerships		587		1,297		4,720		4,545
Total Investment Management Operations		587		1,297		4,720		4,769
	$	175,773	$	170,861	$	565,847	$	540,860

Schedule of reconciliation of segments to consolidated

	Earnings before income taxes and noncontrolling interest															Net earnings attributable to Biglari Holdings Inc.

	Twelve Weeks						Forty Weeks						Twelve Weeks						Forty Weeks

		2012			2011			2012			2011			2012			2011				2012			2011
Operating Business:
Restaurant Operations:
Steak n Shake	$	9,018		$	10,091		$	35,737		$	29,122		$	6,961		$	7,571			$	24,658		$	20,938
Western		682			828			1,536			1,705			437			506				965			1,044
Total Restaurant Operations		9,700			10,919			37,273			30,827			7,398			8,077				25,623			21,982

Investment Management:
Biglari Capital Corp. (incentive fee)		—			—			36			2,510			—			—				22			1,535
Management fees		—			—			—			224			—			—				—			139
Consolidated affiliated partnerships		325			2,702			3,899			4,543			108			1,889				624			1,810
Total Investment Management Operations		325			2,702			3,935			7,277			108			1,889				646			3,484

Corporate and Other:
Corporate and other		(3,454	)		(2,802	)		(11,766	)		(5,248	)		(1,671	)		(1,824	)			(6,853	)		(3,379	)
Investment and derivative gains/losses		227			934			4,200			4,385			141			589				2,604			2,763
Total Corporate and Other		(3,227	)		(1,868	)		(7,566	)		(863	)		(1,530	)		(1,235	)			(4,249	)		(616	)

Reconciliation of segments to consolidated amount:
Eliminations		—			—			(36	)		(2,510	)		—			318				—			195
Interest expense, excluding interest allocated to operating businesses		(1,812	)		(602	)		(6,200	)		(2,034	)		(1,123	)		(373	)			(3,844	)		(1,261	)
	$	4,986		$	11,151		$	27,406		$	32,697		$	4,853		$	8,676			$	18,176		$	23,784

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details