| Segment Information |
11. Segment Information Our chief operating decision maker (“CODM”) is the Chief Executive Officer, President and Chief Financial Officer. Our CODM allocates resources and evaluates the performance of each operating segment based on the segment’s revenue and income/(loss) from operations, comparing actual results to historical and previously forecasted financial information. Significant expenses are expenses that are regularly provided to the CODM and are included in segment income/(loss). Our operating segments, are aligned with our strategic priorities and are the businesses for which our CODM reviews discrete financial information for decision-making purposes, are comprised of The Cheesecake Factory Restaurants, North Italia, Flower Child, the other FRC brands and our bakery division. Based on quantitative thresholds set forth in ASC 280, “Segment Reporting,” The Cheesecake Factory Restaurants, 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): For the thirteen weeks ended April 1, 2025 | | | | | | | | | | | | | | | | | | The | | | | | | | | | | | | | | | Cheesecake | | | | | | | | | | | | | | | Factory | | North | | Other | | | | | | | | | Restaurants | | Italia | | FRC | | Other | | Total | Revenues | | $ | 672,734 | | $ | 83,410 | | $ | 87,424 | | $ | 83,629 | | $ | 927,197 | | | | | | | | | | | | | | | | | Costs and expenses: | | | | | | | | | | | | | | | | Food and beverage costs | | | 147,655 | | | 18,415 | | | 19,149 | | | 17,042 | | | 202,261 | Labor expenses | | | 233,391 | | | 31,917 | | | 31,562 | | | 34,205 | | | 331,075 | Other operating costs and expenses | | | 174,604 | | | 22,620 | | | 25,565 | | | 23,636 | | | 246,425 | General and administrative expenses | | | — | | | — | | | — | | | 59,932 | | | 59,932 | Depreciation and amortization expenses | | | 16,226 | | | 2,798 | | | 3,035 | | | 4,023 | | | 26,082 | Impairment of assets and lease termination expenses | | | 75 | | | — | | | 300 | | | 3 | | | 378 | Acquisition-related contingent consideration, compensation and amortization expenses | | | — | | | — | | | 316 | | | 682 | | | 998 | Preopening costs | | | 1,350 | | | 2,680 | | | 2,793 | | | 1,264 | | | 8,087 | Total costs and expenses | | | 573,301 | | | 78,430 | | | 82,720 | | | 140,787 | | | 875,238 | Income/(loss) from operations | | $ | 99,433 | | $ | 4,980 | | $ | 4,704 | | $ | (57,158) | | $ | 51,959 | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 26,151 | | $ | 6,130 | | $ | 2,680 | | $ | 7,855 | | $ | 42,816 |
For the thirteen weeks ended April 2, 2024 | | | | | | | | | | | | | | | | | | The | | | | | | | | | | | | | | | Cheesecake | | | | | | | | | | | | | | | Factory | | North | | Other | | | | | | | | | Restaurants | | Italia | | FRC | | Other | | Total | Revenues | | $ | 667,794 | | $ | 70,874 | | $ | 74,229 | | $ | 78,326 | | $ | 891,223 | | | | | | | | | | | | | | | | | Costs and expenses: | | | | | | | | | | | | | | | | Food and beverage costs | | | 153,570 | | | 17,037 | | | 16,586 | | | 16,060 | | | 203,253 | Labor expenses | | | 235,212 | | | 27,202 | | | 26,116 | | | 32,400 | | | 320,930 | Other operating costs and expenses | | | 172,481 | | | 19,492 | | | 20,770 | | | 20,798 | | | 233,541 | General and administrative expenses | | | — | | | — | | | — | | | 60,366 | | | 60,366 | Depreciation and amortization expenses | | | 16,843 | | | 1,971 | | | 2,425 | | | 3,517 | | | 24,756 | Impairment of assets and lease termination expenses | | | 1,859 | | | — | | | — | | | 224 | | | 2,083 | Acquisition-related contingent consideration, compensation and amortization expenses | | | — | | | — | | | 316 | | | 805 | | | 1,121 | Preopening costs | | | 1,758 | | | 2,002 | | | 1,724 | | | 396 | | | 5,880 | Total costs and expenses | | | 581,723 | | | 67,704 | | | 67,937 | | | 134,566 | | | 851,930 | Income/(loss) from operations | | $ | 86,071 | | $ | 3,170 | | $ | 6,292 | | $ | (56,240) | | $ | 39,293 | | | | | | | | | | | | | | | | | Capital expenditures | | $ | 18,881 | | $ | 9,930 | | $ | 3,418 | | $ | 4,881 | | $ | 37,110 |
The following table presents information related to segment assets (in thousands): | | | | | | | | | April 1, 2025 | | December 31, 2024 | Total assets: | | | | | | | The Cheesecake Factory restaurants | | $ | 1,529,238 | | $ | 1,545,227 | North Italia | | | 433,201 | | | 419,812 | Other FRC | | | 430,729 | | | 420,957 | Other | | | 717,696 | | | 655,764 | Total | | $ | 3,110,864 | | $ | 3,041,760 |
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