| Segment Information |
11. 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 and our bakery division. 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 and our bakery division) 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 | | | Weeks Ended | | Weeks Ended | | | April 2, 2024 | | April 4, 2023 | Revenues: | | | | | | | The Cheesecake Factory restaurants | | $ | 667,794 | | $ | 656,000 | North Italia | | | 70,874 | | | 63,303 | Other FRC | | | 74,229 | | | 68,640 | Other | | | 78,326 | | | 78,171 | Total | | $ | 891,223 | | $ | 866,114 | | | | | | | | Income from operations: | | | | | | | The Cheesecake Factory restaurants | | $ | 86,071 | | $ | 78,386 | North Italia | | | 3,170 | | | 4,606 | Other FRC | | | 6,292 | | | 8,711 | Other (1) | | | (56,240) | | | (57,777) | Total | | $ | 39,293 | | $ | 33,926 | | | | | | | | Depreciation and amortization expenses: | | | | | | | The Cheesecake Factory restaurants | | $ | 16,843 | | $ | 16,018 | North Italia | | | 1,971 | | | 1,467 | Other FRC | | | 2,425 | | | 1,927 | Other | | | 3,517 | | | 3,543 | Total | | $ | 24,756 | | $ | 22,955 | | | | | | | | Impairment of assets and lease termination expenses: | | | | | | | The Cheesecake Factory restaurants | | $ | 1,859 | | $ | 93 | North Italia | | | — | | | — | Other FRC | | | — | | | 55 | Other | | | 224 | | | 2,094 | Total | | $ | 2,083 | | $ | 2,242 | | | | | | | | Preopening costs: | | | | | | | The Cheesecake Factory restaurants | | $ | 1,758 | | $ | 1,448 | North Italia | | | 2,002 | | | 446 | Other FRC | | | 1,724 | | | 721 | Other | | | 396 | | | 437 | Total | | $ | 5,880 | | $ | 3,052 | | | | | | | | Capital expenditures: | | | | | | | The Cheesecake Factory restaurants | | $ | 18,881 | | $ | 23,213 | North Italia | | | 9,930 | | | 6,131 | Other FRC | | | 3,418 | | | 5,165 | Other | | | 4,881 | | | 3,453 | Total | | $ | 37,110 | | $ | 37,962 |
| | | | | | | | | April 2, 2024 | | January 2, 2024 | Total assets: | | | | | | | The Cheesecake Factory restaurants | | $ | 1,524,583 | | $ | 1,571,943 | North Italia | | | 366,776 | | | 346,810 | Other FRC | | | 406,451 | | | 399,038 | Other | | | 539,830 | | | 522,592 | Total | | $ | 2,837,640 | | $ | 2,840,383 |
(1) | Thirteen weeks ended April 2, 2024 and April 4, 2023 include $1.1 million and $1.2 million, respectively, of acquisition-related expenses. These amounts were recorded in acquisition-related costs and acquisition-related contingent consideration, compensation and amortization expenses in the consolidated statements of income. |
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