The Cheesecake Factory Incorporated (CAKE) 10-K 28 Feb 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 02, 2018	Feb. 20, 2018	Jul. 04, 2017
Document and Entity Information
Entity Registrant Name	CHEESECAKE FACTORY INC
Entity Central Index Key	887,596
Document Type	10-K
Document Period End Date	Jan. 2, 2018
Amendment Flag	false
Current Fiscal Year End Date	--01-02
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 2,221,036,318
Entity Common Stock, Shares Outstanding		45,899,710
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 02, 2018	Jan. 03, 2017
Current assets:
Cash and cash equivalents	$ 6,008	$ 53,839
Accounts receivable	19,865	15,632
Income taxes receivable	15,016
Other receivables	67,518	64,592
Inventories	42,560	34,926
Prepaid expenses	57,666	52,438
Total current assets	208,633	221,427
Property and equipment, net	935,045	910,134
Other assets:
Intangible assets, net	24,065	23,054
Prepaid rent	39,399	42,162
Other	125,918	96,542
Total other assets	189,382	161,758
Total assets	1,333,060	1,293,319
Current liabilities:
Accounts payable	50,984	41,564
Income taxes payable		2,299
Gift card liability	163,951	153,629
Other accrued expenses	183,016	179,034
Total current liabilities	397,951	376,526
Deferred income taxes	57,216	82,401
Deferred rent	74,761	71,575
Deemed landlord financing liability	108,627	100,576
Long-term debt	10,000
Other noncurrent liabilities	70,975	59,034
Commitments and contingencies (Note 10)
Stockholders' equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized; none issued
Common stock, $.01 par value, 250,000,000 shares authorized; 95,412,030 and 94,672,037 shares issued at January 2, 2018 and January 3, 2017, respectively	954	947
Additional paid-in capital	799,862	774,137
Retained earnings	1,345,666	1,238,012
Treasury stock, 49,534,212 and 46,979,659 shares at cost at January 2, 2018 and January 3, 2017, respectively	(1,532,864)	(1,409,889)
Accumulated other comprehensive loss	(88)
Total stockholders' equity	613,530	603,207
Total liabilities and stockholders' equity	$ 1,333,060	$ 1,293,319

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jan. 02, 2018	Jan. 03, 2017
CONSOLIDATED BALANCE SHEETS
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	95,412,030	94,672,037
Treasury stock, shares	49,534,212	46,979,659

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
CONSOLIDATED STATEMENTS OF INCOME
Revenues	$ 2,260,502	$ 2,275,719	$ 2,100,609
Costs and expenses:
Cost of sales	519,388	526,628	504,031
Labor expenses	777,595	759,998	684,818
Other operating costs and expenses	552,791	540,365	500,640
General and administrative expenses	141,533	146,042	137,402
Depreciation and amortization expenses	92,729	88,010	85,563
Impairment of assets and lease terminations	10,343	114	6,011
Preopening costs	13,278	13,569	16,898
Total costs and expenses	2,107,657	2,074,726	1,935,363
Income from operations	152,845	200,993	165,246
Interest and other expense, net	(6,379)	(9,225)	(5,894)
Income before income taxes	146,466	191,768	159,352
Income tax provision/(benefit)	(10,926)	52,274	42,829
Net income	$ 157,392	$ 139,494	$ 116,523
Net income per share:
Basic (in dollars per share)	$ 3.35	$ 2.91	$ 2.39
Diluted (in dollars per share)	$ 3.27	$ 2.83	$ 2.30
Weighted average shares outstanding:
Basic (in shares)	46,930	47,981	48,833
Diluted (in shares)	48,152	49,372	50,605
Cash dividends declared per common share (in dollars per share)	$ 1.06	$ 0.88	$ 0.73

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 157,392	$ 139,494	$ 116,523
Other comprehensive loss:
Foreign currency translation adjustment	(88)
Other comprehensive loss	(88)
Total comprehensive income	$ 157,304	$ 139,494	$ 116,523

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 30, 2014	$ 918	$ 654,033	$ 1,060,211	$ (1,158,652)		$ 556,510
Balance (in shares) at Dec. 30, 2014	91,790
Increase (Decrease) in Stockholders' Equity
Net income			116,523			116,523
Cash dividends declared			(35,946)			(35,946)
Tax impact of stock options exercised, net of cancellations		12,501				12,501
Stock-based compensation		20,325				20,325
Common stock issued under stock-based compensation plans	$ 13	27,984				27,997
Common stock issued under stock-based compensation plans (in shares)	1,337
Treasury stock purchases		(4,601)		(104,770)		(109,371)
Balance at Dec. 29, 2015	$ 931	710,242	1,140,788	(1,263,422)		588,539
Balance (in shares) at Dec. 29, 2015	93,127
Increase (Decrease) in Stockholders' Equity
Net income			139,494			139,494
Cash dividends declared			(42,270)			(42,270)
Tax impact of stock options exercised, net of cancellations		13,722				13,722
Stock-based compensation		21,811				21,811
Common stock issued under stock-based compensation plans	$ 16	28,362				28,378
Common stock issued under stock-based compensation plans (in shares)	1,545
Treasury stock purchases				(146,467)		(146,467)
Balance at Jan. 03, 2017	$ 947	774,137	1,238,012	(1,409,889)		603,207
Balance (in shares) at Jan. 03, 2017	94,672
Increase (Decrease) in Stockholders' Equity
Net income			157,392			157,392
Foreign currency translation adjustment					$ (88)	(88)
Cash dividends declared			(49,738)			(49,738)
Stock-based compensation		16,696				16,696
Common stock issued under stock-based compensation plans	$ 7	9,029				9,036
Common stock issued under stock-based compensation plans (in shares)	740
Treasury stock purchases				(122,975)		(122,975)
Balance at Jan. 02, 2018	$ 954	$ 799,862	$ 1,345,666	$ (1,532,864)	$ (88)	$ 613,530
Balance (in shares) at Jan. 02, 2018	95,412

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Cash flows from operating activities:
Net income	$ 157,392	$ 139,494	$ 116,523
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization expenses	92,729	88,010	85,563
Deferred income taxes	(25,180)	(1,005)	1,184
Impairment of assets and lease terminations	10,586	114	6,011
Stock-based compensation	16,457	21,473	20,053
Tax impact of stock options exercised, net of cancellations		13,722	12,501
Other		3,592	2,615
Changes in assets and liabilities:
Accounts receivable	(4,233)	(1,473)	1,011
Other receivables	(2,955)	8,066	(10,331)
Inventories	(7,634)	(916)	(755)
Prepaid expenses	(5,227)	(10,462)	(3,743)
Other assets	(9,034)	(2,818)	(5,799)
Accounts payable	3,771	752	(12,931)
Income taxes receivable/payable	(17,315)	21,837	(1,356)
Other accrued expenses	29,439	35,995	37,186
Cash provided by operating activities	238,796	316,381	247,732
Cash flows from investing activities:
Additions to property and equipment	(120,779)	(115,821)	(153,941)
Additions to intangible assets	(1,654)	(1,640)	(1,760)
Investments in unconsolidated affiliates	(18,000)	(42,000)
Cash used in investing activities	(140,433)	(159,461)	(155,701)
Cash flows from financing activities:
Deemed landlord financing proceeds	12,128	17,246	14,266
Deemed landlord financing payments	(4,391)	(3,721)	(3,118)
Borrowings on credit facility	85,000	35,000	60,000
Repayments on credit facility	(75,000)	(35,000)	(60,000)
Proceeds from exercise of stock options	9,036	28,378	27,997
Cash dividends paid	(49,889)	(42,371)	(35,969)
Treasury stock purchases	(122,975)	(146,467)	(109,371)
Cash used in financing activities	(146,091)	(146,935)	(106,195)
Foreign currency translation adjustment	(103)
Net change in cash and cash equivalents	(47,831)	9,985	(14,164)
Cash and cash equivalents at beginning of period	53,839	43,854	58,018
Cash and cash equivalents at end of period	6,008	53,839	43,854
Supplemental disclosures:
Interest paid	7,128	6,038	6,057
Income taxes paid	31,582	17,932	30,410
Construction payable	$ 12,145	$ 6,541	$ 13,500

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jan. 02, 2018
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	1. Summary of Significant Accounting Policies Description of Business As of February 28, 2018, The Cheesecake Factory Incorporated operated 214 Company-owned upscale casual dining restaurants under The Cheesecake Factory ® , Grand Lux Cafe ® and RockSugar Southeast Asian Kitchen ® marks. In addition, 20 The Cheesecake Factory branded restaurants in the Middle East, Mexico, the Chinese Mainland and Special Administrative Region of Hong Kong were operated by third parties under licensing agreements. We also operated two bakery production facilities that produce desserts for our restaurants, international licensees and third-party bakery customers. We are selectively pursuing other means to leverage our competitive strengths, including investing in or acquiring new restaurant concepts (such as North Italia and Flower Child), expanding The Cheesecake Factory ® brand to other retail opportunities through The Cheesecake Factory At Home TM consumer packaged goods, and internally developing a fast casual concept. Basis of Presentation The accompanying consolidated financial statements include the accounts of The Cheesecake Factory Incorporated and its wholly owned subsidiaries (referred to herein as the “Company,” “we,” “us” and “our”) prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). All intercompany accounts and transactions for the periods presented have been eliminated in consolidation. We utilize a 52/53-week fiscal year ending on the Tuesday closest to December 31 for financial reporting purposes. Fiscal years 2017 and 2015 each consisted of 52 weeks, while fiscal year 2016 consisted of 53 weeks. Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent liabilities. Actual results could differ from these estimates. Cash and Cash Equivalents Amounts receivable from credit card processors, totaling $13.8 million and $12.2 million at January 2, 2018 and January 3, 2017, respectively, are considered cash equivalents because they are both short-term and highly liquid in nature and are typically converted to cash within three days of the sales transaction. Our cash management system provides for the funding of all major bank disbursement accounts on a daily basis as checks are presented for payment. Under this system, outstanding checks are in excess of the cash balances at certain banks, which creates book overdrafts. Book overdrafts are presented as a current liability in other accrued expenses on our consolidated balance sheet. Accounts and Other Receivables Our accounts receivable principally result from credit sales to bakery customers. Other receivables consist primarily of amounts due from our gift card distributors and landlords. Concentration of Credit Risk Financial instruments that potentially subject us to a concentration of credit risk are cash and cash equivalents and receivables. We maintain our day-to-day operating cash balances in non-interest-bearing transaction accounts, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. We invest our excess cash in a money market deposit account, which is insured by the FDIC up to $250,000. Although we maintain balances that exceed the federally insured limit, we have not experienced any losses related to this balance, and we believe credit risk to be minimal. We consider the concentration of credit risk for accounts receivable to be minimal due to the payment histories and general financial condition of our larger bakery customers. Concentration of credit risk related to other receivables is limited as this balance is comprised primarily of amounts due from our gift card distributors and landlords. Fair Value of Financial Instruments For cash and cash equivalents, the carrying amount approximates fair value because of the short maturity of these instruments. The fair value of deemed landlord financing liabilities is determined using current applicable rates for similar instruments as of the balance sheet date in accordance with Level 2 of a three-level hierarchy established by accounting standards. Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities. At January 2, 2018, the fair value of our deemed landlord financing liabilities was $112.1 million versus a carrying value of $113.5 million. Inventories Inventories consist of restaurant food and other supplies, bakery raw materials, and bakery finished goods and are stated at the lower of cost or net realizable value on an average cost basis at the restaurants and on a first-in, first-out basis at the bakeries. Property and Equipment We record property and equipment at cost less accumulated depreciation. Improvements are capitalized while repairs and maintenance costs are expensed as incurred. Depreciation and amortization are calculated using the straight-line method over the estimated useful life of the assets or the lease term, whichever is shorter. Leasehold improvements include the cost of our internal development and construction department. Depreciation and amortization periods are as follows: Buildings and land improvements 25 to 30 years Leasehold improvements 10 to 30 years Furnishings, fixtures and equipment 3 to 15 years Computer software and equipment 5 years Gains and losses related to property and equipment disposals are recorded in depreciation and amortization expenses. Indefinite-Lived Assets Our trademarks and transferable alcoholic beverage licenses have indefinite lives and, therefore, are not subject to amortization. At January 2, 2018 and January 3, 2017, the amounts included in intangibles, net for these items were $15.2 million and $14.6 million, respectively. We test these assets for impairment at least annually by comparing the fair value of each asset with its carrying amount. Impairment of Long-Lived Assets and Lease Terminations We assess the potential impairment of our long-lived assets whenever events or changes in circumstances indicate the carrying value of the assets or asset group may not be recoverable. Factors considered include, but are not limited to, significant underperformance relative to historical or projected future operating results, significant changes in the manner in which an asset is being used, an expectation that an asset will be disposed of significantly before the end of its previously estimated useful life and significant negative industry or economic trends. We regularly review restaurants that are cash flow negative for the previous four quarters and those that are being considered for closure or relocation to determine if impairment testing is warranted. At any given time, we may be monitoring a small number of locations, and future impairment charges could be required if individual restaurant performance does not improve or we make the decision to close or relocate a restaurant. We have determined that our asset group for impairment testing is comprised of the assets and liabilities of each of our individual restaurants, as this is the lowest level of identifiable cash flows. We have identified leasehold improvements as the primary asset because it is the most significant component of our restaurant assets, it is the principal asset from which our restaurants derive their cash flow generating capacity and it has the longest remaining useful life. The recoverability is assessed in most cases by comparing the carrying value of the assets to the undiscounted cash flows expected to be generated by these assets. Impairment losses are measured as the amount by which the carrying values of the assets exceed their fair values. In fiscal 2017, we recorded $10.3 million of accelerated depreciation and impairment expense related to three The Cheesecake Factory restaurants, including one relocation and one lease expiration, and one Grand Lux Cafe. In fiscal 2016, we recorded $0.1 million of accelerated depreciation expense related to the planned relocation of one The Cheesecake Factory restaurant, which subsequently took place in fiscal 2017. In fiscal 2015, we recorded a $6.0 million impairment charge related to our first Rock Sugar Pan Asian Kitchen restaurant. These amounts were recorded in impairment of assets and lease terminations. Investments in Unconsolidated Affiliates During fiscal years 2016 and 2017, we made minority equity investments in two restaurant concepts, North Italia and Flower Child. Since we hold a number of rights with regard to participation in policy-making processes, but do not control these entities, we account for these investments under the equity method. We recognize our proportionate share of the reported earnings or losses of these entities in interest and other expense, net on the consolidated statements of income and as an adjustment to other assets on the consolidated balance sheets. Revenue Recognition Our revenues consist of sales from our restaurant operations, sales from our bakery operations to our licensees and other third-party customers and royalties on our licensees’ restaurant sales and consumer packaged goods. Revenues from restaurant sales are recognized when payment is tendered at the point of sale. Revenues from bakery sales are recognized upon transfer of title and risk to customers. Royalties from licensees are accrued as revenues when earned. Revenues are presented net of sales taxes. Sales tax collected is included in other accrued expenses until the taxes are remitted to the appropriate taxing authorities. We recognize a liability upon the sale of our gift cards and recognize revenue when these gift cards are redeemed in our restaurants. Based on our historical redemption patterns, we can reasonably estimate the amount of gift cards for which redemption is remote, which is referred to as “breakage.” Breakage is recognized over a three-year period in proportion to historical redemption trends and is classified as revenues in our consolidated statements of income. We recognized $7.9 million, $7.6 million and $6.6 million of gift card breakage in fiscal years 2017, 2016 and 2015, respectively. Incremental direct costs related to gift card sales, including commissions and credit card fees, are deferred and recognized in earnings in the same pattern as the related gift card revenue. Certain of our promotional programs include multiple element arrangements that incorporate both delivered and undelivered components. We allocate revenue using the relative selling price of each deliverable and recognize it upon delivery of each component. Leases We currently lease all of our restaurant locations. We evaluate each lease to determine its appropriate classification as an operating or capital lease for financial reporting purposes. All of our restaurant leases are classified as operating leases. Minimum base rent, which generally escalates over the term of the lease, is recorded on a straight-line basis over the lease term. The initial lease term includes the build-out period for our leases, where no rent payments are typically due under the terms of the lease. Contingent rent expense, which is based on a percentage of revenues, is recorded as incurred to the extent it exceeds minimum base rent per the lease agreement. We expend cash for leasehold improvements and furnishings, fixtures and equipment to build out and equip our leased premises. We may also expend cash for structural additions that we make to leased premises. Generally a portion of the leasehold improvements and building costs are reimbursed to us by our landlords as construction contributions. If obtained, landlord construction contributions usually take the form of up-front cash, full or partial credits against our future minimum or percentage rents, or a combination thereof. Depending on the specifics of the leased space and the lease agreement, amounts paid for structural components are recorded during the construction period as either prepaid rent or property and equipment and the landlord construction contributions are recorded as either an offset to prepaid rent or as a deemed landlord financing liability. For those leases for which we are deemed the owner of the property during construction, upon completion, we perform an analysis to determine if they qualify for sale-leaseback treatment. For those qualifying leases, the deemed landlord financing liability and the associated property and equipment are removed and the difference is reclassified to either prepaid or deferred rent and amortized over the lease term as an increase or decrease to rent expense. If the lease does not qualify for sale-leaseback treatment, the deemed landlord financing liability is amortized over the lease term based on the rent payments designated in the lease agreement. Self-Insurance Liabilities We retain the financial responsibility for a significant portion of our risks and associated liabilities with respect to workers’ compensation, general liability, staff member health benefits, employment practices and other insurable risks. The accrued liabilities associated with our self-insured programs are based on our estimate of the ultimate costs to settle known claims, as well as claims incurred but not yet reported to us (“IBNR”) as of the balance sheet date and are recorded in other accrued expenses. Our estimated liabilities are based on information provided by our insurance brokers and insurers, combined with our judgment regarding a number of assumptions and factors, including the frequency and severity of claims, claims development history, case jurisdiction, applicable legislation and our claims settlement practices. We maintain stop-loss coverage with third-party insurers to limit our individual claim exposure for many of our programs. The estimated amounts receivable from our third-party insurers under this coverage are recorded in other receivables. Stock-Based Compensation We maintain stock-based incentive plans under which equity awards may be granted to staff members and consultants. We account for the awards based on fair value measurement guidance and amortize to expense over the vesting period using a straight-line or graded-vesting schedule, as applicable. (See Note 12 for further discussion of our stock-based compensation.) Advertising Costs We expense advertising production costs at the time the advertising first takes place. All other advertising costs are expensed as incurred. Most of our advertising costs are included in other operating costs and expenses and were $6.1 million, $7.4 million and $5.0 million in fiscal 2017, 2016 and 2015, respectively. Preopening Costs Preopening costs include all costs to relocate and compensate restaurant management staff members during the preopening period, costs to recruit and train hourly restaurant staff members, and wages, travel and lodging costs for our opening training team and other support staff members. Also included are expenses for maintaining a roster of trained managers for pending openings, the associated temporary housing and other costs necessary to relocate managers in alignment with future restaurant opening and operating needs, and corporate travel and support activities. We expense preopening costs as incurred. Income Taxes We provide for federal, state and foreign income taxes currently payable and for deferred taxes that result from differences between financial accounting rules and tax laws governing the timing of recognition of various income and expense items. We recognize deferred income tax assets and liabilities for the future tax effects of such temporary differences based on the difference between the financial statement and tax bases of existing assets and liabilities using the statutory rates expected in the years in which the differences are expected to reverse. The effect on deferred taxes of any enacted change in tax rates is recognized in income in the period that includes the enactment date. Income tax credits are recorded as a reduction of tax expense. We account for uncertain tax positions under Financial Accounting Standards Board (“FASB”) guidance, which requires that a position taken or expected to be taken in a tax return be recognized (or derecognized) in the financial statements when it is more likely than not (i.e., a likelihood of more than 50%) that the position would be sustained on its technical merits upon examination by tax authorities, taking into account available administrative remedies and litigation. A recognized tax position is then measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate resolution. We recognize interest related to uncertain tax positions in income tax expense. Penalties related to uncertain tax positions are recorded in general and administrative expenses. Net Income per Share Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. At January 2, 2018, January 3, 2017 and December 29, 2015, 1.7 million, 1.9 million and 1.9 million shares, respectively, of restricted stock issued to staff members were unvested and, therefore, excluded from the calculation of basic earnings per share for the fiscal years ended on those dates. Diluted net income per share includes the dilutive effect of outstanding equity awards, calculated using the treasury stock method. Assumed proceeds from the in-the-money options include the windfall tax benefits, net of shortfalls, calculated under the “as-if” method as prescribed by FASB Accounting Standards Codification 718, “Compensation — Stock Option Compensation.” Fiscal Year 2017 2016 2015 (In thousands, except per share data) Net income $ $ $ Basic weighted average shares outstanding Dilutive effect of equity awards Diluted weighted average shares outstanding Basic net income per share $ $ $ Diluted net income per share $ $ $ Shares of common stock equivalents of 1.6 million, 1.4 million and 1.3 million for fiscal 2017, 2016 and 2015, respectively, were excluded from the diluted calculation due to their anti-dilutive effect. Comprehensive Income Comprehensive income includes all changes in equity during a period except those resulting from investment by and distribution to owners. For fiscal years 2016 and 2015, our comprehensive income consisted solely of net income. In fiscal year 2017, comprehensive income also included translations gains and losses related to our Canadian restaurant operations. Foreign Currency The Canadian dollar is the functional currency for our Canadian restaurant operations. Revenue and expense accounts are translated into U.S. dollars using the average exchange rates during the reporting period. Assets and liabilities are translated using the exchange rates in effect at the reporting period end date. Equity accounts are translated at historical rates, except for the change in retained earnings which is the result of the income statement translation process. Translation gains and losses are reported as a separate component in our consolidated statements of comprehensive income and would only be realized upon the sale or upon complete or substantially complete liquidation of the business. Gains and losses from foreign currency transactions are recognized in our consolidated statements of income in interest and other expense, net. Recent Accounting Pronouncements In March 2016, the FASB issued guidance affecting all entities that issue share-based payment awards to their staff members. This update covers such areas as the recognition of excess tax benefits and deficiencies, the classification of those excess tax benefits on the statement of cash flows, an accounting policy election for forfeitures, the amount an employer can withhold to cover income taxes and still qualify for equity classification and the classification of those taxes paid on the statement of cash flows. This guidance was effective for annual and interim periods beginning after December 15, 2016. We adopted these provisions prospectively in the first quarter of fiscal 2017. This guidance requires the tax impact of stock options exercised and vested restricted stock to be recorded in the income tax provision instead of additional paid-in capital, which resulted in an income tax benefit of $6.5 million in fiscal 2017. In addition, the excess tax benefit related to stock options exercised is no longer reclassified from cash flows from operating activities to cash flows from financing activities on the consolidated statements of cash flows. In this filing, we retrospectively adjusted prior year consolidated statements of cash flows to conform to the current year presentation by increasing cash used in financing activities and cash provided by operating activities by $13.9 million and $12.3 million in fiscal 2016 and 2015, respectively. We will continue to estimate forfeitures each period, so there is no change to our accounting policy related to forfeitures. In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new standard, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. The standard requires certain qualitative and quantitative disclosures about the amount, timing and uncertainty of cash flows arising from leases. This update is effective for annual and interim periods beginning after December 15, 2018 and requires a modified retrospective approach, with optional practical expedients. Although early adoption is permitted, we will adopt these provisions in the first quarter of fiscal 2019. We expect this adoption will result in a material increase in the assets and liabilities on our consolidated balance sheets, but will likely have an insignificant impact on our consolidated statements of income. In preparation for the adoption of the guidance, we are in the process of implementing controls and key system changes to enable the preparation of the required financial information. In July 2015, the FASB issued guidance that requires inventory within the scope of the standard to be measured at the lower of cost or net realizable value. Previous guidance required inventory to be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). This guidance was effective for fiscal years beginning after December 15, 2016, with early adoption permitted. Our adoption of this guidance in the first quarter of fiscal 2017 had no impact on our consolidated financial statements. In May 2014, the FASB issued accounting guidance that provides a comprehensive new revenue recognition model that supersedes most of the existing revenue recognition requirements and requires entities to recognize revenue at an amount that reflects the consideration to which a company expects to be entitled in exchange for transferring goods or services to a customer. In August 2015, the FASB deferred the effective date of this standard by one year with early adoption permitted no earlier than the original effective date. The guidance is now effective for us beginning in the first quarter of fiscal 2018. In March and April 2016, the FASB provided additional guidance related to implementation. This standard is not expected to have a material impact on our consolidated financial statements.

Other Receivables

Other Receivables	12 Months Ended
	Jan. 02, 2018
Other Receivables
Other Receivables	2. Other Receivables Other receivables consisted of (in thousands): January 2, 2018 January 3, 2017 Gift card distributors $ $ Landlord construction contributions Other Total $ $

Inventories

Inventories	12 Months Ended
	Jan. 02, 2018
Inventories
Inventories	3. Inventories Inventories consisted of (in thousands): January 2, 2018 January 3, 2017 Restaurant food and supplies $ $ Bakery finished goods and work in progress(1) Bakery raw materials and supplies Total $ $ (1) We are in the process of upgrading our California bakery. In preparation for lost production capacity, we produced additional inventories for projected requirements while the facility is closed.

Prepaid Expenses

Prepaid Expenses	12 Months Ended
	Jan. 02, 2018
Prepaid Expenses
Prepaid Expenses	4. Prepaid Expenses Prepaid expenses consisted of (in thousands): January 2, 2018 January 3, 2017 Gift card costs $ $ Rent Other Total $ $

Property and Equipment

Property and Equipment	12 Months Ended
	Jan. 02, 2018
Property and Equipment
Property and Equipment	5. Property and Equipment Property and equipment consisted of (in thousands): January 2, 2018 January 3, 2017 Land and related improvements $ $ Buildings Leasehold improvements Furnishings, fixtures and equipment Computer software and equipment Restaurant smallwares Construction in progress Property and equipment, total Less: Accumulated depreciation ) ) Property and equipment, net $ $ Depreciation expenses related to property and equipment for fiscal 2017, 2016 and 2015 were $89.6 million, $88.0 million and $85.6 million, respectively. Repair and maintenance expenses for fiscal 2017, 2016 and 2015 were $54.1 million, $50.1 million and $44.9 million, respectively. Net expense on property and equipment disposals were $2.5 million, $3.6 million and $2.1 million in fiscal 2017, 2016 and 2015, respectively.

Other Assets

Other Assets	12 Months Ended
	Jan. 02, 2018
Other Assets
Other Assets	6. Other Assets Other assets consisted of (in thousands): January 2, 2018 January 3, 2017 Executive Savings Plan trust assets $ $ Investments in unconsolidated affiliates Deposits Total $ $

Other Accrued Expenses

Other Accrued Expenses	12 Months Ended
	Jan. 02, 2018
Other Accrued Expenses
Other Accrued Expenses	7. Other Accrued Expenses Other accrued expenses consisted of (in thousands): January 2, 2018 January 3, 2017 Self-insurance $ $ Salaries and wages Staff member benefits Payroll and sales taxes Other Total $ $

Long-Term Debt

Long-Term Debt	12 Months Ended
	Jan. 02, 2018
Long-Term Debt
Long-Term Debt	8. Long-Term Debt We maintain a $200 million unsecured revolving credit facility (“Facility”), $50 million of which may be used for issuances of letters of credit. Availability under the Facility is reduced by outstanding letters of credit, which are used to support our self-insurance programs. The Facility, which matures on December 22, 2020, contains a commitment increase feature that could provide for an additional $100 million in available credit upon our request and subject to the participating lenders electing to increase their commitments or by means of the addition of new lenders. Certain of our material subsidiaries guarantee our obligations under the Facility. During fiscal years 2017, 2016 and 2015, we utilized the Facility to fund a portion of our stock repurchases. At January 2, 2018, we had net availability for borrowings of $169.3 million, based on a $10.0 million outstanding debt balance and $20.7 million in standby letters of credit. We are subject to certain financial covenants under the Facility requiring us to maintain (i) a maximum “Net Adjusted Leverage Ratio” of 4.0 and (ii) a minimum EBITDAR to interest and rental expense ratio (“EBITDAR Ratio”) of 1.9, with each of the capitalized terms in this Note 8 defined in the Facility. The Facility limits cash distributions with respect to our equity interests, such as cash dividends and share repurchases, based on a defined ratio, and also sets forth negative covenants that restrict indebtedness, liens, investments, sales of assets, fundamental changes and other matters. Our Net Adjusted Leverage and EBITDAR Ratios were 2.8 and 2.8, respectively, at January 2, 2018, and we were in compliance with all covenants in effect at that date. Borrowings under the Facility bear interest, at our option, at a rate per annum equal to either (i) the Adjusted LIBO Rate plus a margin ranging from 1.00% to 1.75% based on our Net Adjusted Leverage Ratio or (ii) the sum of (a) the highest of (1) the rate of interest publicly announced by JPMorgan Chase Bank as its prime rate in effect, (2) the greater of the Federal Funds Effective Rate or the Overnight Bank Funding Rate, in either case plus 0.5%, and (3) the one-month Adjusted LIBO Rate plus 1.0%, plus (b) a margin ranging from 0.00% to 0.75% based on our Net Adjusted Leverage Ratio. We also pay customary fees on the unused portion of the Facility and on our outstanding letters of credit. We capitalized interest expense related to new restaurant openings and major remodels totaling $0.7 million, $0.6 million and $1.6 million in fiscal 2017, 2016 and 2015, respectively.

Other Noncurrent Liabilities

Other Noncurrent Liabilities	12 Months Ended
	Jan. 02, 2018
Other Noncurrent Liabilities
Other Noncurrent Liabilities	9. Other Noncurrent Liabilities Other noncurrent liabilities consisted of (in thousands): January 2, 2018 January 3, 2017 Executive Savings Plan $ $ Other Total $ $ (See Note 13 for further discussion of our Executive Savings Plan.)

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jan. 02, 2018
Commitments and Contingencies
Commitments and Contingencies	10. Commitments and Contingencies We currently lease all of our restaurant locations under operating leases, with remaining terms ranging from one year to 23 years, excluding unexercised renewal options. Our restaurant leases typically include land and building shells, require contingent rent above the minimum base rent payments based on a percentage of revenues ranging from 2.5% to 10%, have escalating minimum rent requirements over the term of the lease and require various expenses incidental to the use of the property. A majority of our leases provide for a reduced level of overall rent obligation should specified co-tenancy requirements not be satisfied. Most leases have renewal options. Many of our leases also provide early termination rights permitting us to terminate the lease prior to expiration in the event our revenues are below a stated level for a period of time, generally conditioned upon repayment of the unamortized allowances contributed by landlords to the build-out of the leased premises. We also lease automobiles and certain equipment under operating lease agreements. Rent expense is included in other operating costs and expenses in the consolidated statements of income. As of January 2, 2018, the aggregate minimum annual lease payments under operating leases, including amounts characterized as deemed landlord financing payments, are as follows (in thousands): 2018 $ 2019 2020 2021 2022 Thereafter Total $ Rent expense on all operating leases was as follows (in thousands): Fiscal Year 2017 2016 2015 Straight-lined minimum base rent $ $ $ Contingent rent Common area maintenance and taxes Total $ $ $ We enter into various obligations for the purchase of goods and for the construction of restaurants. At January 2, 2018, these obligations approximated $137.3 million, $100.7 million of which is due in fiscal 2018. We are also obligated to provide up to an additional $24 million in combined growth capital to North Italia and Flower Child. The right, and obligation to provide growth capital and to acquire the remaining interest in either or both of these concepts in the next two to four years, assumes certain financial, legal and operational conditions are met. As credit guarantees to insurers, we have $20.7 million in standby letters of credit related to our self-insurance liabilities. All standby letters of credit are renewable annually. We retain the financial responsibility for a significant portion of our risks and associated liabilities with respect to workers’ compensation, general liability, staff member health benefits, employment practices and other insurable risks. The accrued liabilities associated with these programs are based on our estimate of the ultimate costs to settle known claims as well as claims incurred but not yet reported to us (“IBNR”) as of the balance sheet date. Our estimated liabilities are not discounted and are based on information provided by our insurance brokers and insurers, combined with our judgment regarding a number of assumptions and factors, including the frequency and severity of claims, claims development history, case jurisdiction, applicable legislation and our claims settlement practices. We maintain stop-loss coverage with third-party insurers to limit our individual claim exposure for many of our programs. Significant judgment is required to estimate IBNR amounts, as parties have yet to assert such claims. If actual claims trends, including the severity or frequency of claims, differ from our estimates, our financial results could be impacted. At January 2, 2018, the total accrued liability for our self-insured plans was $66.4 million. On November 26, 2014, a former restaurant hourly employee filed a class action lawsuit in the San Diego County Superior Court, alleging that the Company violated the California Labor Code and California Business and Professions Code, by failing to pay overtime, to permit required rest breaks and to provide accurate wage statements, among other claims (Masters v. The Cheesecake Factory Restaurants, Inc., et al.; Case No 37-2014-00040278). By stipulation, the parties agreed to transfer Case No. 37-2014-00040278 to the Orange County Superior Court. On March 2, 2015, Case No. 37-2014-00040278 was officially transferred and assigned a new Case No. 30-2015-00775529 in the Orange County Superior Court. On June 27, 2016, we gave notice to the court that Case Nos. CIV1504091 and BC603620 described below may be related. On May 23, 2017, the parties participated in voluntary mediation, which concluded without resolution. Subsequent to the plaintiff filing a second amended complaint on July 14, 2017, the parties agreed to resume mediation. The parties resumed mediation on February 13, 2018 and reached a tentative settlement subject to documentation and court approval. Based upon the current status of this matter, we have reserved an immaterial amount. On May 28, 2015, a group of current and former restaurant hourly employees filed a class action lawsuit in the U.S. District Court for the Eastern District of New York, alleging that the Company violated the Fair Labor Standards Act and New York Labor Code, by requiring employees to purchase uniforms for work and violated the State of New York’s minimum wage and overtime provisions (Guglielmo v. The Cheesecake Factory Restaurants, Inc., et al; Case No. 2:15-CV-03117). On September 8, 2015, the Company filed its response to the complaint, requesting the court to compel arbitration against opt-in plaintiffs with valid arbitration agreements. On July 21, 2016, the court issued an order confirming the agreement of the parties to dismiss all class claims with prejudice and to allow the case to proceed as a collective action covering a limited number of the Company’s restaurants in the State of New York. On July 31, 2017, the parties participated in voluntary mediation, which concluded without resolution. On February 21, 2018, the parties reached a tentative settlement subject to documentation and court approval. Based upon the current status of this matter, we have reserved an immaterial amount. On November 10, 2015, a current restaurant hourly employee filed a class action lawsuit in the Marin County Superior Court, alleging that the Company failed to provide complete and accurate wage statements as set forth in the California Labor Code. On January 26, 2016, the plaintiff filed a First Amended Complaint. The lawsuit seeks unspecified penalties under California’s Private Attorneys General Act (“PAGA”) in addition to other monetary payments (Brown v. The Cheesecake Factory Restaurants, Inc.; Case No. CIV1504091). On April 18, 2016, the court granted our motion to compel individual arbitration of the plaintiff’s wage statement claim and stayed the PAGA claim until completion of the individual arbitration. On June 28, 2016, we gave notice to the court that Case Nos. 30-2015-00775529 and BC603620 may be related. On September 6, 2016, the parties engaged in settlement discussion and reached agreement on the terms of a final settlement agreement. On February 21, 2017, the court granted the parties’ motion for preliminary approval of the class action settlement, and preliminarily enjoined the plaintiffs in Case Nos. 30-2015-00775529 and 37-2014-00040278 from prosecuting any claims released in Case No. CIV1504091. On July 11, 2017, the court signed the Order and Judgment Granting Final Approval of Class Action Settlement in Case No. CIV1504091. The settlement agreement is a full and final resolution of Case No. CIV150491 and a partial resolution of Case Nos. 30-2015-00775529 and BC603620. We have reserved an immaterial amount to comply with our obligations under the approved settlement agreement. On December 10, 2015, a former restaurant management employee filed a class action lawsuit in the Los Angeles County Superior Court, alleging that the Company improperly classified its managerial employees, failed to pay overtime, and failed to provide accurate wage statements, in addition to other claims. The lawsuit seeks unspecified penalties under PAGA in addition to other monetary payments (Tagalogon v. The Cheesecake Factory Restaurants, Inc.; Case No. BC603620). On March 23, 2016, the parties issued their joint status conference statement at which time we gave notice to the court that Case Nos. 30-2015-00775529 and CIV1504091 may be related. On April 29, 2016, the Company filed its response to the complaint. We intend to vigorously defend this action. On April 24, 2016, a class action lawsuit was filed in the U.S. District Court for the Eastern District of New York alleging that the Company violated the New York deceptive business practices statute by improperly calculating suggested gratuities on split payment checks (Rodriguez v. The Cheesecake Factory Restaurants, Inc.; Case No. 2:16-cv-02006-JFB-AKT). The lawsuit seeks unspecified penalties in addition to other monetary payments. On September 1, 2016, the Company filed a motion to dismiss the plaintiff’s complaint. On October 10, 2016, the plaintiff filed an amended complaint to limit the scope of the complaint to the State of New York only. On August 11, 2017, the court granted the Company’s motion to dismiss Case No. 2:16-cv-02006-JFB-AKT in its entirety with prejudice. On September 14, 2017, the plaintiff in Case No. 2:16-cv-02006-JFB-AKT filed a notice of appeal with the United States Court of Appeals for the Second Circuit, which was subsequently withdrawn. On July 12, 2017, a lawsuit was filed in the Los Angeles County Superior Court alleging similar claims to Case No. 2:16-cv-02006-JFB-AKT, alleging violations of California’s unfair business practices statute (Goldman v. The Cheesecake Factory Incorporated; Case No. BC668334). On December 1, 2017, the Company filed a demurrer to the plaintiff’s complaint. The plaintiff filed his opposition on December 26, 2017. The Court scheduled the demurrer for hearing on February 5, 2018. We intend to vigorously defend this action. During the first quarter of fiscal 2017, the Internal Revenue Service (“IRS”) issued its examination report for tax years 2010, 2011 and 2012 in which it disallowed a total of $12.9 million of our §199 Domestic Production Activity Deductions for the subject years. On February 27, 2017, we submitted a Protest Memorandum indicating our disagreement with the disallowance and requesting a review of our case by the Appeals Division of the IRS. Our case is now under the jurisdiction of the Appeals Division, and on August 8, 2017 we held an opening conference with the Appeals Team Case Leader (“ATCL”) in the Los Angeles Appeals office. We had a subsequent discussion with the ATCL to emphasize the merits of our position and will continue to work with Appeals on this matter. We intend to vigorously defend our position and, based on our analysis of the law, regulations and relevant facts, we believe our position will be sustained. On February 3, 2017, a class action lawsuit was filed in the U.S. District Court for the Southern District of Florida, alleging that the Company violated the Fair and Accurate Credit Transaction Act, by failing to properly censor consumer credit or debit card information. (Muransky v. The Cheesecake Factory Incorporated; Case No. 0:17-cv-60229-JEM). On February 21, 2017 and February 28, 2017, two additional lawsuits were filed in California and New York, respectively, alleging similar claims to Case No. 0:17-cv-60229-JEM. (Tibbits v. The Cheesecake Factory Incorporated; Case No. 1:17-cv-00968 ( E.D.N.Y.); Zhang v. The Cheesecake Factory Incorporated; Case No 8:17-cv-00357 (C.D. Cal.)). The Company filed a motion to transfer and dismiss Case No. 0:17-cv-60229-JEM on March 24, 2017 and similarly filed a motion to transfer and dismiss Case No. 1:17-cv-00968 on April 7, 2017. On October 16, 2017, the Florida court granted the Company’s motion to transfer Case No. 0:17-cv-60229JEM to California to be consolidated with Case No. 8:17-cv-00357, and the plaintiff filed a motion for reconsideration thereof. The plaintiff in Case No. 1:17-cv-00968 has agreed to transfer its case to California to be consolidated with Case No 8:17-cv-00357. The lawsuits seek unspecified penalties in addition to other monetary payments. We intend to vigorously defend these actions. On February 3, 2017, five present and former restaurant hourly employees filed a class action lawsuit in the San Diego County Superior Court, alleging that the Company violated the California Labor Code and California Business and Professions Code, by failing to permit required meal and rest breaks, and failing to provide accurate wage statements, among other claims. (Abdelaziz v. The Cheesecake Factory Restaurants, Inc., et al.; Case No 37-2016-00039775-CU-OE-CTL). On February 22, 2017, a lawsuit was filed in the San Diego County Superior Court, alleging similar claims to Case No. 37-2016-00039775-CU-OE-CTL (Rodriguez v. The Cheesecake Factory Restaurants, Inc., et al.; Case No. 37-2017-00006571-CU-OE-CTL). The San Diego County Superior Court consolidated Case Nos. 37-2016-00039775-CU-OR-CTL and 37-2017-00006571-CU-OE-CTL. These lawsuits seek unspecified penalties under the California Private Attorneys’ General Act in addition to other monetary payments. We intend to vigorously defend these actions. Within the ordinary course of our business, we are subject to private lawsuits, government audits, administrative proceedings and other claims. These matters typically involve claims from customers, staff members and others related to operational and employment issues common to the foodservice industry. A number of these claims may exist at any given time, and some of the claims may be pled as class actions. From time to time, we are also involved in lawsuits with respect to infringements of, or challenges to, our registered trademarks and other intellectual property, both domestically and abroad. We could be affected by adverse publicity and litigation costs resulting from such allegations, regardless of whether they are valid or whether we are legally determined to be liable. At this time, we believe that the amount of reasonably possible losses resulting from final disposition of any pending lawsuits, audits, proceedings and claims will not have a material adverse effect individually or in the aggregate on our financial position, results of operations or liquidity. It is possible, however, that our future results of operations for a particular quarter or fiscal year could be impacted by changes in circumstances relating to lawsuits, audits, proceedings or claims. Legal costs related to such claims are expensed as incurred. We have employment agreements with certain of our executive officers that provide for payments to those officers in the event of an actual or constructive termination of their employment, including in the event of a termination without cause, an acquirer failure to assume or continue equity awards following a change in control of the Company or, otherwise, in the event of death or disability as defined in those agreements. Aggregate payments totaling approximately $2.2 million, excluding accrued potential bonuses of $0.7 million, which are subject to approval by the Compensation Committee, would have been required by those agreements had all such officers terminated their employment for reasons requiring such payments as of January 2, 2018. In addition, the employment agreement with our Chief Executive Officer specifies an annual founder’s retirement benefit of $650,000 for ten years, commencing six months after termination of his full-time employment.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Jan. 02, 2018
Stockholders' Equity
Stockholders' Equity	11. Stockholders’ Equity Cash dividends of $1.06, $0.88 and $0.73 were declared during fiscal 2017, 2016 and 2015, respectively. Future decisions to pay or to increase or decrease dividends are at the discretion of the Board and will be dependent on our operating performance, financial condition, capital expenditure requirements, limitations on cash distributions pursuant to the terms and conditions of our Facility and such other factors that the Board considers relevant. On July 21, 2016, our Board increased the authorization to repurchase our common stock by 7.5 million shares to 56.0 million shares. Under this and all previous authorizations, we cumulatively repurchased 49.5 million shares at a total cost of $1,532.9 million through January 2, 2018. Repurchased common stock is reflected as a reduction of stockholders’ equity in treasury stock. Share repurchases have been executed under stock repurchase plans adopted from time to time by our Board in furtherance of its repurchase authorization and are intended to qualify for safe harbor protection in accordance with Rule 10b5-1 and Rule 10b-18 of the Securities Act of 1934. Repurchases made during fiscal 2017 were made pursuant to the following stock repurchase plans adopted by our Board: Adoption Date Effective Dates October 20, 2016 January 3, 2017 through June 30, 2017 October 20, 2016 February 27, 2017 through March 3, 2017 April 27, 2017 May 8, 2017 through May 19, 2017 April 27, 2017 July 5, 2017 through December 29, 2017 October 26, 2017 December 1, 2017 through April 30, 2018 Our share repurchase authorization does not have an expiration date, does not require us to purchase a specific number of shares and may be modified, suspended or terminated at any time. Shares may be repurchased in the open market or through privately negotiated transactions at times and prices considered appropriate by us. All purchases in the open market are made in compliance with Rule 10b-18. We make the determination to repurchase shares based on several factors, including an evaluation of current and future capital needs associated with new restaurant development, current and forecasted cash flows, including dividend payments and growth capital contributions to North Italia and Flower Child, a review of our capital structure and cost of capital, our share price and current market conditions. The timing and number of shares repurchased are also subject to legal constraints and financial covenants under our Facility that limit share repurchases based on a defined ratio. (See Note 8 for further discussion of our long-term debt.) Our objectives with regard to share repurchases are to offset the dilution to our shares outstanding that results from equity compensation grants and to supplement our earnings per share growth. On February 27, 2015, we entered into an accelerated stock repurchase (“ASR”) program with a financial institution to repurchase $75 million of our common stock. The minimum number of shares to be repurchased, 1.5 million, was delivered during March 2015. The program concluded on July 27, 2015 with no additional shares delivered.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Jan. 02, 2018
Stock-Based Compensation
Stock-Based Compensation	12. Stock-Based Compensation We maintain stock-based incentive plans under which incentive stock options, non-qualified stock options, stock appreciation rights, restricted shares and restricted share units may be granted to staff members and consultants. Our current practice is to issue new shares, rather than treasury shares, upon stock option exercises and for restricted share grants. To date, we have only granted non-qualified stock options, restricted shares and restricted share units of common stock under these plans. Non-employee directors have received only non-qualified stock options under a non-employee director equity plan, which expired in May 2007. Currently, we do not have a plan under which non-employee directors may be granted stock options or other equity interests in the Company. On April 5, 2017, our Board approved an amendment to our 2010 Stock Incentive Plan to increase the number of shares of common stock available for grant under the plan to 12.7 million shares from 9.2 million shares. This amendment was approved by our stockholders at our annual meeting held on June 8, 2017. This is our only active stock-based incentive plan, and approximately 4.2 million of these shares were available for grant as of January 2, 2018. Stock options generally vest at 20% per year and expire eight to ten years from the date of grant. Restricted shares and restricted share units generally vest between three to five years from the date of grant and require that the staff member remains employed in good standing with the Company as of the vesting date. Certain restricted share units granted to executive officers contain performance-based vesting conditions. Performance goals are determined by the Board of Directors. The quantity of units that will vest ranges from 0% to 140% based on the level of achievement of the performance conditions. Equity awards for certain executive officers may vest earlier in the event of a change of control in which the acquirer fails to assume or continue such awards, as defined in the plan, or under certain circumstances described in such executive officers’ respective employment agreements. Compensation expense is recognized only for those options, restricted shares and restricted share units expected to vest, with forfeitures estimated based on our historical experience and future expectations. The following table presents information related to stock-based compensation, net of forfeitures (in thousands): Fiscal Year 2017 (2) 2016 2015 Labor expenses $ $ $ Other operating costs and expenses General and administrative expenses Total stock-based compensation Income tax benefit Total stock-based compensation, net of taxes $ $ $ Capitalized stock-based compensation (1) $ $ $ (1) It is our policy to capitalize the portion of stock-based compensation costs for our internal development and legal departments that relates to capitalizable activities such as the design and construction of new restaurants, remodeling existing locations, lease, intellectual property and liquor license acquisition activities and equipment installation. Capitalized stock-based compensation is included in property and equipment, net and other assets on the consolidated balance sheets. (2) Fiscal 2017 stock-based compensation expense includes a $3.9 million benefit for an out-of-period adjustment related to a correction in stock-based compensation valuation and forfeitures. We believe this adjustment is immaterial to both the current and applicable prior periods. Stock Options The weighted average fair value at the grant date for options issued during fiscal 2017, 2016 and 2015 was $14.83, $12.10 and $14.17 per share, respectively. The fair value of options was estimated utilizing the Black-Scholes valuation model with the following weighted average assumptions for fiscal 2017, 2016 and 2015, respectively: (a) an expected option term of 6.9 years, 6.8 years and 6.6 years, (b) expected stock price volatility of 24.4%, 26.3% and 31.3%, (c) a risk-free interest rate of 2.3%, 1.6% and 1.9%, and (d) a dividend yield on our stock of 1.6%, 1.6% and 1.4%. The expected option term represents the estimated period of time until exercise and is based on historical experience of similar options, giving consideration to the contractual terms, vesting schedules and expectations of future staff member behavior. Expected stock price volatility is based on a combination of the historical volatility of our stock and the implied volatility of actively traded options on our common stock. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant with an equivalent remaining term. The dividend yield is based on anticipated cash dividend payouts. Stock option activity during fiscal 2017 was as follows: Shares Weighted Weighted Aggregate (In thousands) (Per share) (In years) (In thousands) Outstanding at beginning of year $ $ Granted $ Exercised ) $ Forfeited or cancelled ) $ Outstanding at end of year $ $ Exercisable at end of year $ $ (1) Aggregate intrinsic value is calculated as the difference between our closing stock price at fiscal year end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised their options on the fiscal year end date. The total intrinsic value of options exercised during fiscal 2017, 2016 and 2015 was $11.2 million, $40.4 million and $37.0 million, respectively. As of January 2, 2018, total unrecognized stock-based compensation expense related to unvested stock options was $6.0 million, which we expect to recognize over a weighted average period of approximately 2.6 years. Restricted Shares and Restricted Share Units Restricted share and restricted share unit activity during fiscal 2017 was as follows: Shares Weighted (In thousands) (Per share) Outstanding at beginning of year $ Granted $ Vested ) $ Forfeited ) $ Outstanding at end of year $ Fair value of our restricted shares and restricted share units is based on our closing stock price on the date of grant. The weighted average fair value for restricted shares and restricted share units issued during fiscal 2017, 2016 and 2015 was $54.29, $50.89 and $49.70, respectively. The fair value of shares that vested during fiscal 2017, 2016 and 2015 was $18.4 million, $12.2 million and $7.5 million, respectively. As of January 2, 2018, total unrecognized stock-based compensation expense related to unvested restricted shares and restricted share units was $32.5 million, which we expect to recognize over a weighted average period of approximately 2.7 years.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Jan. 02, 2018
Employee Benefit Plans
Employee Benefit Plans	13. Employee Benefit Plans We have a defined contribution benefit plan in accordance with section 401(k) of the Internal Revenue Code (“401(k) Plan”) that is open to our staff members who meet certain compensation and eligibility requirements. Participation in the 401(k) Plan is currently open to staff members from our three restaurant concepts, our bakery facilities and our corporate offices. The 401(k) Plan allows participating staff members to defer the receipt of a portion of their compensation and contribute such amount to one or more investment options. Our executive officers and a select group of management and/or highly compensated staff members are not eligible to participate in the 401(k) Plan. We currently match in cash a certain percentage of the staff member contributions to the 401(k) Plan and also pay a portion of the administrative costs. Expense recognized in fiscal 2017, 2016 and 2015 was $1.0 million, $0.9 million and $0.7 million, respectively. We have also established The Cheesecake Factory Incorporated Executive Savings Plan (“ESP”), a non-qualified deferred compensation plan for our executive officers and a select group of management and/or highly compensated staff members as defined in the plan document. The ESP allows participating staff members to defer the receipt of a portion of their base compensation and up to 100% of their eligible bonuses. Non-employee directors may also participate in the ESP and defer the receipt of their earned director fees. We currently match in cash a certain percentage of the staff member contributions to the ESP and also pay for the administrative costs. We do not match any contributions made by non-employee directors. Expense recognized in fiscal 2017, 2016 and 2015 was $1.0 million, $1.0 million and $0.9 million, respectively. ESP deferrals and matching funds are deposited into a rabbi trust, and are generally invested in individual variable life insurance contracts owned by us that are specifically designed to informally fund savings plans of this nature. These contracts are recorded at their cash surrender value as determined by the insurance carrier. The measurement of these contracts is considered a Level 2 measurement within the fair value hierarchy. Our consolidated balance sheets reflect our investment in variable life insurance contracts in other assets and our obligation to participants in the ESP in other noncurrent liabilities. All income and expenses related to the rabbi trust are reflected in our consolidated statements of income. We maintain self-insured medical and dental benefit plans for our staff members and utilize stop-loss coverage to limit our financial exposure from any individual claim. The accrued liabilities associated with these programs are based on our estimate of the ultimate costs to settle known claims as well as claims incurred but not yet reported to us as of the balance sheet date. The accrued liability for our self-insured benefit plans, which is included in other accrued expenses, was $8.8 million and $7.8 million as of January 2, 2018 and January 3, 2017, respectively. (See Note 1 for further discussion of accounting for our self-insurance liabilities.)

Income Taxes

Income Taxes	12 Months Ended
	Jan. 02, 2018
Income Taxes
Income Taxes	14. Income Taxes The provision for income taxes consisted of the following (in thousands): Fiscal Year 2017 (1) 2016 2015 Income before income taxes $ $ $ Income tax provision/(benefit): Current: Federal $ $ $ State Total current Deferred: Federal ) ) State ) ) ) Total deferred (25,180 ) ) Total provision/(benefit) $ ) $ $ (1) The Tax Cuts and Jobs Act (“Tax Act”), which was enacted on December 22, 2017, made significant changes to how corporations are taxed in the U.S., the most prominent of which affecting us was to lower the U.S. corporate tax rate from 35% to 21%. In addition to the benefit of a lower rate in future years, the enactment of the Tax Act caused us to revalue our deferred tax assets and liabilities to reflect the new rate, resulting in a benefit to our fiscal 2017 income tax provision of $38.5 million. The following reconciles the U.S. federal statutory rate to the effective tax rate: Fiscal Year 2017 2016 2015 U.S. federal statutory rate % % % State and district income taxes, net of federal benefit Credit for FICA taxes paid on tips ) ) ) Other credits and incentives ) ) ) Manufacturing deduction ) ) ) Deferred compensation ) ) Equity compensation (1) ) — — Impact of statutory rate change on deferred taxes ) — — Other Effective tax rate )% % % (1) This item impacts our effective tax rate for the first time in fiscal 2017 due to our adoption of new accounting guidance that requires the tax impact of exercised stock options and vested restricted stock to be recorded in the income tax provision instead of additional paid-in capital. See “Recent Accounting Pronouncements” in Note 1 of Notes to Consolidated Financial Statements in Part IV, Item 15 of this report for further discussion of this accounting change. Following are the temporary differences that created our deferred tax assets and liabilities (in thousands): January 2, 2018 January 3, 2017 Deferred tax assets: Staff member benefits $ $ Insurance reserves Accrued rent Deferred income Stock-based compensation Tax credit carryforwards Other Subtotal Less: Valuation allowance ) ) Total $ $ Deferred tax liabilities: Property and equipment $ ) $ ) Prepaid expenses ) ) Inventory ) ) Other ) — Total $ ) $ ) Net deferred tax liability $ ) $ ) At January 2, 2018 and January 3, 2017, we had $2.9 million and $3.5 million, respectively, of state tax credit carryforwards, consisting of hiring and investment credits, which began to expire in 2013. We assess the available evidence to estimate if sufficient future taxable income will be generated to use these carryforwards. Based on this evaluation, we recorded a valuation allowance of $0.5 million at both January 2, 2018 and January 3, 2017 to reflect the amount that we will likely not realize. This assessment could change if estimates of future taxable income during the carryforward period are revised. The earliest tax year still subject to examination by a significant taxing jurisdiction is 2010. At January 2, 2018, we had a reserve of $0.8 million for uncertain tax positions. If recognized, this amount would impact our effective income tax rate. A reconciliation of the beginning and ending amount of our uncertain tax positions is as follows (in thousands): Fiscal Year 2017 2016 2015 Balance at beginning of year $ $ $ Additions related to current period tax positions Reductions related to settlements with taxing authorities and lapses of statutes of limitations ) ) ) Balance at end of year $ $ $ At January 2, 2018 and January 3, 2017, we had $0.1 million and $0.1 million, respectively, of accrued interest and penalties related to uncertain tax positions. None of the balance of uncertain tax positions at January 2, 2018 relates to tax positions for which it is reasonably possible that the total amount could decrease during the next twelve months based on the lapses of statutes of limitations. We believe we have properly estimated our federal and state income tax liabilities. However, given the amount and complexity of the changes in tax law resulting from the Tax Act, we continue to analyze the effects of the Tax Act on our income tax provision. We may make further refinements to our calculations considering technical guidance that may be published, our assumptions about the applicability to our business of certain provisions in the Tax Act and changes to current interpretations of certain provisions of the Tax Act. In accordance with Securities and Exchange Commission Staff Accounting Bulletin No. 118, “Income Tax Accounting Implications of the Tax Cuts and Jobs Act,” we expect to complete our analysis within the one-year measurement period.

Stockholder Rights Plan

Stockholder Rights Plan	12 Months Ended
	Jan. 02, 2018
Stockholder Rights Plan
Stockholder Rights Plan	15. Stockholder Rights Plan We currently have a stockholder rights plan that provides for the distribution to stockholders of one right to purchase a unit equal to 1/100th of a share of junior participating cumulative preferred stock. The rights are evidenced by our common stock certificates and automatically trade with our common stock. The rights are not exercisable unless a person or group acquires (or commences a tender or exchange offer or announces an intention to acquire) 15% or more of our common stock (or 20% or more if such person or group was beneficial owner of 10% or more of our common stock on August 4, 1998) without the approval of our Board. When declared exercisable, holders of the rights (other than the acquiring person or group) would have the right to purchase units of junior participating cumulative preferred stock having a market value equal to two times the exercise price of each right, which is $110. Additionally, if we are thereafter merged into another entity, or if more than 50% of our consolidated assets or earnings power is sold or transferred, holders of the rights will be entitled to buy common stock of the acquiring person or group equal to two times the exercise price of each right. These rights expire on August 4, 2018, unless redeemed earlier by us. On February 15, 2018, our Board of Directors announced that upon the expiration of our stockholder’s rights plan, it is its intention not to adopt another shareholder rights plan unless, in the exercise of its fiduciary responsibilities, it determines that it is in the best interests of the stockholders under the circumstances to adopt such plan without the delay that would result from seeking stockholder approval, thereafter put such plan to a stockholder ratification vote within 12 months of adoption, and if such plan is not approved by a majority of the votes cast, terminate the plan.

Segment Information

Segment Information	12 Months Ended
	Jan. 02, 2018
Segment Information
Segment Information	16. Segment Information For decision-making purposes, our management reviews discrete financial information for The Cheesecake Factory, Grand Lux Cafe and RockSugar Southeast Asian Kitchen restaurants, our bakery division, consumer packaged goods and our international licensing operations. Based on quantitative thresholds set forth in ASC 280, “Segment Reporting,” The Cheesecake Factory is our only business that meets the criteria of a reportable operating segment. Grand Lux Cafe, RockSugar Southeast Asian Kitchen, bakery, consumer packaged goods, and international licensing are combined in Other. Unallocated corporate expenses, assets and capital expenditures are presented below as reconciling items to the amounts presented in the consolidated financial statements. Segment information is presented below (in thousands): Fiscal Year 2017 2016 2015 Revenues: The Cheesecake Factory restaurants $ $ $ Other Total $ $ $ Income/(loss) from operations: The Cheesecake Factory restaurants (1) $ $ $ Other (2) Corporate ) ) ) Total $ $ $ Depreciation and amortization: The Cheesecake Factory restaurants $ $ $ Other Corporate Total $ $ $ Capital expenditures: The Cheesecake Factory restaurants $ $ $ Other Corporate Total $ $ $ Total assets: The Cheesecake Factory restaurants $ $ $ Other Corporate Total $ $ $ (1) Fiscal 2017 includes $2.5 million of accelerated depreciation and impairment expense, and fiscal 2016 includes $0.1 million of accelerated depreciation. (See Note 1 for further discussion of these charges.) (2) Fiscal years 2017 and 2015 include impairment expense of $7.8 million and $6.0 million, respectively. (See Note 1 for further discussion of these charges.)

Quarterly Financial Data (unaud

Quarterly Financial Data (unaudited)	12 Months Ended
	Jan. 02, 2018
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited)	17. Quarterly Financial Data (unaudited) Summarized unaudited quarterly financial data for fiscal 2017 and 2016 is as follows (in thousands, except per share data): Quarter Ended: April 4, 2017 July 4, 2017 October 3, 2017 January 2, 2018 Revenues $ $ $ $ Income from operations (1) $ $ $ $ Net income (1)(2) $ $ $ $ Basic net income per share (3) $ $ $ $ Diluted net income per share (3) $ $ $ $ Cash dividends declared per common share $ $ $ $ Quarter Ended: March 29, 2016 June 28, 2016 September 27, 2016 January 3, 2017 Revenues $ $ $ $ Income from operations (1) $ $ $ $ Net income (1) $ $ $ $ Basic net income per share (3) $ $ $ $ Diluted net income per share (3) $ $ $ $ Cash dividends declared per common share $ $ $ $ (1) Income from operations included $0.8 million, $0.4 million and $9.1 million of accelerated depreciation and impairment expense in the first, second and fourth quarters of fiscal 2017, respectively, and $0.1 million of accelerated depreciation expense in the fourth quarter of fiscal 2016. The impact to net income of these items was $0.4 million, $0.3 million, $5.5 million and $0.1 million, respectively. These amounts were recorded in impairment of assets and lease terminations in the consolidated statements of income. (See Note 1 for further discussion of impairment of assets and lease terminations.) (2) The fourth quarter of fiscal 2017 includes a $38.5 million benefit to our income tax provision related to the Tax Act. (See Note 14 for further discussion of income taxes.) (3) Net income per share calculations for each quarter are based on the weighted average diluted shares outstanding for that quarter and may not total to the full year amount. While seasonal fluctuations generally do not have a material impact on our quarterly results, the year-over-year comparison of our quarterly results can be significantly impacted by the number and timing of new restaurant openings and associated preopening costs, the calendar days of the week on which holidays occur, the impact from inclement weather and other climatic conditions, the additional week in a 53-week fiscal year and other variations in revenues and expenses. As a result of these factors, our financial results for any quarter are not necessarily indicative of the results that may be achieved for the full fiscal year.

Subsequent Events

Subsequent Events	12 Months Ended
	Jan. 02, 2018
Subsequent Events.
Subsequent Events	18. Subsequent Events On February 15, 2018, our Board of Directors approved a quarterly cash dividend of $0.29 per share to be paid on March 20, 2018 to the stockholders of record on February 28, 2018. On February 15, 2018, our Board of Directors approved the adoption of a 10b5-1 Plan, which will be effective from May 1, 2018 through July 31, 2018.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jan. 02, 2018
Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements include the accounts of The Cheesecake Factory Incorporated and its wholly owned subsidiaries (referred to herein as the “Company,” “we,” “us” and “our”) prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). All intercompany accounts and transactions for the periods presented have been eliminated in consolidation. We utilize a 52/53-week fiscal year ending on the Tuesday closest to December 31 for financial reporting purposes. Fiscal years 2017 and 2015 each consisted of 52 weeks, while fiscal year 2016 consisted of 53 weeks.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions for the reporting periods covered by the financial statements. These estimates and assumptions affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent liabilities. Actual results could differ from these estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Amounts receivable from credit card processors, totaling $13.8 million and $12.2 million at January 2, 2018 and January 3, 2017, respectively, are considered cash equivalents because they are both short-term and highly liquid in nature and are typically converted to cash within three days of the sales transaction. Our cash management system provides for the funding of all major bank disbursement accounts on a daily basis as checks are presented for payment. Under this system, outstanding checks are in excess of the cash balances at certain banks, which creates book overdrafts. Book overdrafts are presented as a current liability in other accrued expenses on our consolidated balance sheet.
Accounts and Other Receivables	Accounts and Other Receivables Our accounts receivable principally result from credit sales to bakery customers. Other receivables consist primarily of amounts due from our gift card distributors and landlords.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject us to a concentration of credit risk are cash and cash equivalents and receivables. We maintain our day-to-day operating cash balances in non-interest-bearing transaction accounts, which are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. We invest our excess cash in a money market deposit account, which is insured by the FDIC up to $250,000. Although we maintain balances that exceed the federally insured limit, we have not experienced any losses related to this balance, and we believe credit risk to be minimal. We consider the concentration of credit risk for accounts receivable to be minimal due to the payment histories and general financial condition of our larger bakery customers. Concentration of credit risk related to other receivables is limited as this balance is comprised primarily of amounts due from our gift card distributors and landlords.
Fair Value of Financial Instruments	Fair Value of Financial Instruments For cash and cash equivalents, the carrying amount approximates fair value because of the short maturity of these instruments. The fair value of deemed landlord financing liabilities is determined using current applicable rates for similar instruments as of the balance sheet date in accordance with Level 2 of a three-level hierarchy established by accounting standards. Level 2 inputs are observable for the asset or liability, either directly or indirectly, including quoted prices in active markets for similar assets or liabilities. At January 2, 2018, the fair value of our deemed landlord financing liabilities was $112.1 million versus a carrying value of $113.5 million.
Inventories	Inventories Inventories consist of restaurant food and other supplies, bakery raw materials, and bakery finished goods and are stated at the lower of cost or net realizable value on an average cost basis at the restaurants and on a first-in, first-out basis at the bakeries.
Property and Equipment	Property and Equipment We record property and equipment at cost less accumulated depreciation. Improvements are capitalized while repairs and maintenance costs are expensed as incurred. Depreciation and amortization are calculated using the straight-line method over the estimated useful life of the assets or the lease term, whichever is shorter. Leasehold improvements include the cost of our internal development and construction department. Depreciation and amortization periods are as follows: Buildings and land improvements 25 to 30 years Leasehold improvements 10 to 30 years Furnishings, fixtures and equipment 3 to 15 years Computer software and equipment 5 years Gains and losses related to property and equipment disposals are recorded in depreciation and amortization expenses.
Indefinite-Lived Assets	Indefinite-Lived Assets Our trademarks and transferable alcoholic beverage licenses have indefinite lives and, therefore, are not subject to amortization. At January 2, 2018 and January 3, 2017, the amounts included in intangibles, net for these items were $15.2 million and $14.6 million, respectively. We test these assets for impairment at least annually by comparing the fair value of each asset with its carrying amount.
Impairment of Long-Lived Assets and Lease Terminations	Impairment of Long-Lived Assets and Lease Terminations We assess the potential impairment of our long-lived assets whenever events or changes in circumstances indicate the carrying value of the assets or asset group may not be recoverable. Factors considered include, but are not limited to, significant underperformance relative to historical or projected future operating results, significant changes in the manner in which an asset is being used, an expectation that an asset will be disposed of significantly before the end of its previously estimated useful life and significant negative industry or economic trends. We regularly review restaurants that are cash flow negative for the previous four quarters and those that are being considered for closure or relocation to determine if impairment testing is warranted. At any given time, we may be monitoring a small number of locations, and future impairment charges could be required if individual restaurant performance does not improve or we make the decision to close or relocate a restaurant. We have determined that our asset group for impairment testing is comprised of the assets and liabilities of each of our individual restaurants, as this is the lowest level of identifiable cash flows. We have identified leasehold improvements as the primary asset because it is the most significant component of our restaurant assets, it is the principal asset from which our restaurants derive their cash flow generating capacity and it has the longest remaining useful life. The recoverability is assessed in most cases by comparing the carrying value of the assets to the undiscounted cash flows expected to be generated by these assets. Impairment losses are measured as the amount by which the carrying values of the assets exceed their fair values. In fiscal 2017, we recorded $10.3 million of accelerated depreciation and impairment expense related to three The Cheesecake Factory restaurants, including one relocation and one lease expiration, and one Grand Lux Cafe. In fiscal 2016, we recorded $0.1 million of accelerated depreciation expense related to the planned relocation of one The Cheesecake Factory restaurant, which subsequently took place in fiscal 2017. In fiscal 2015, we recorded a $6.0 million impairment charge related to our first Rock Sugar Pan Asian Kitchen restaurant. These amounts were recorded in impairment of assets and lease terminations.
Investments in Unconsolidated Affiliates	Investments in Unconsolidated Affiliates During fiscal years 2016 and 2017, we made minority equity investments in two restaurant concepts, North Italia and Flower Child. Since we hold a number of rights with regard to participation in policy-making processes, but do not control these entities, we account for these investments under the equity method. We recognize our proportionate share of the reported earnings or losses of these entities in interest and other expense, net on the consolidated statements of income and as an adjustment to other assets on the consolidated balance sheets.
Revenue Recognition	Revenue Recognition Our revenues consist of sales from our restaurant operations, sales from our bakery operations to our licensees and other third-party customers and royalties on our licensees’ restaurant sales and consumer packaged goods. Revenues from restaurant sales are recognized when payment is tendered at the point of sale. Revenues from bakery sales are recognized upon transfer of title and risk to customers. Royalties from licensees are accrued as revenues when earned. Revenues are presented net of sales taxes. Sales tax collected is included in other accrued expenses until the taxes are remitted to the appropriate taxing authorities. We recognize a liability upon the sale of our gift cards and recognize revenue when these gift cards are redeemed in our restaurants. Based on our historical redemption patterns, we can reasonably estimate the amount of gift cards for which redemption is remote, which is referred to as “breakage.” Breakage is recognized over a three-year period in proportion to historical redemption trends and is classified as revenues in our consolidated statements of income. We recognized $7.9 million, $7.6 million and $6.6 million of gift card breakage in fiscal years 2017, 2016 and 2015, respectively. Incremental direct costs related to gift card sales, including commissions and credit card fees, are deferred and recognized in earnings in the same pattern as the related gift card revenue. Certain of our promotional programs include multiple element arrangements that incorporate both delivered and undelivered components. We allocate revenue using the relative selling price of each deliverable and recognize it upon delivery of each component.
Leases	Leases We currently lease all of our restaurant locations. We evaluate each lease to determine its appropriate classification as an operating or capital lease for financial reporting purposes. All of our restaurant leases are classified as operating leases. Minimum base rent, which generally escalates over the term of the lease, is recorded on a straight-line basis over the lease term. The initial lease term includes the build-out period for our leases, where no rent payments are typically due under the terms of the lease. Contingent rent expense, which is based on a percentage of revenues, is recorded as incurred to the extent it exceeds minimum base rent per the lease agreement. We expend cash for leasehold improvements and furnishings, fixtures and equipment to build out and equip our leased premises. We may also expend cash for structural additions that we make to leased premises. Generally a portion of the leasehold improvements and building costs are reimbursed to us by our landlords as construction contributions. If obtained, landlord construction contributions usually take the form of up-front cash, full or partial credits against our future minimum or percentage rents, or a combination thereof. Depending on the specifics of the leased space and the lease agreement, amounts paid for structural components are recorded during the construction period as either prepaid rent or property and equipment and the landlord construction contributions are recorded as either an offset to prepaid rent or as a deemed landlord financing liability. For those leases for which we are deemed the owner of the property during construction, upon completion, we perform an analysis to determine if they qualify for sale-leaseback treatment. For those qualifying leases, the deemed landlord financing liability and the associated property and equipment are removed and the difference is reclassified to either prepaid or deferred rent and amortized over the lease term as an increase or decrease to rent expense. If the lease does not qualify for sale-leaseback treatment, the deemed landlord financing liability is amortized over the lease term based on the rent payments designated in the lease agreement.
Self-Insurance Liabilities	Self-Insurance Liabilities We retain the financial responsibility for a significant portion of our risks and associated liabilities with respect to workers’ compensation, general liability, staff member health benefits, employment practices and other insurable risks. The accrued liabilities associated with our self-insured programs are based on our estimate of the ultimate costs to settle known claims, as well as claims incurred but not yet reported to us (“IBNR”) as of the balance sheet date and are recorded in other accrued expenses. Our estimated liabilities are based on information provided by our insurance brokers and insurers, combined with our judgment regarding a number of assumptions and factors, including the frequency and severity of claims, claims development history, case jurisdiction, applicable legislation and our claims settlement practices. We maintain stop-loss coverage with third-party insurers to limit our individual claim exposure for many of our programs. The estimated amounts receivable from our third-party insurers under this coverage are recorded in other receivables.
Stock-Based Compensation	Stock-Based Compensation We maintain stock-based incentive plans under which equity awards may be granted to staff members and consultants. We account for the awards based on fair value measurement guidance and amortize to expense over the vesting period using a straight-line or graded-vesting schedule, as applicable. (See Note 12 for further discussion of our stock-based compensation.)
Advertising Costs	Advertising Costs We expense advertising production costs at the time the advertising first takes place. All other advertising costs are expensed as incurred. Most of our advertising costs are included in other operating costs and expenses and were $6.1 million, $7.4 million and $5.0 million in fiscal 2017, 2016 and 2015, respectively.
Preopening Costs	Preopening Costs Preopening costs include all costs to relocate and compensate restaurant management staff members during the preopening period, costs to recruit and train hourly restaurant staff members, and wages, travel and lodging costs for our opening training team and other support staff members. Also included are expenses for maintaining a roster of trained managers for pending openings, the associated temporary housing and other costs necessary to relocate managers in alignment with future restaurant opening and operating needs, and corporate travel and support activities. We expense preopening costs as incurred.
Income Taxes	Income Taxes We provide for federal, state and foreign income taxes currently payable and for deferred taxes that result from differences between financial accounting rules and tax laws governing the timing of recognition of various income and expense items. We recognize deferred income tax assets and liabilities for the future tax effects of such temporary differences based on the difference between the financial statement and tax bases of existing assets and liabilities using the statutory rates expected in the years in which the differences are expected to reverse. The effect on deferred taxes of any enacted change in tax rates is recognized in income in the period that includes the enactment date. Income tax credits are recorded as a reduction of tax expense. We account for uncertain tax positions under Financial Accounting Standards Board (“FASB”) guidance, which requires that a position taken or expected to be taken in a tax return be recognized (or derecognized) in the financial statements when it is more likely than not (i.e., a likelihood of more than 50%) that the position would be sustained on its technical merits upon examination by tax authorities, taking into account available administrative remedies and litigation. A recognized tax position is then measured at the largest amount of benefit that is greater than 50% likely of being realized upon ultimate resolution. We recognize interest related to uncertain tax positions in income tax expense. Penalties related to uncertain tax positions are recorded in general and administrative expenses.
Net Income per Share	Net Income per Share Basic net income per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. At January 2, 2018, January 3, 2017 and December 29, 2015, 1.7 million, 1.9 million and 1.9 million shares, respectively, of restricted stock issued to staff members were unvested and, therefore, excluded from the calculation of basic earnings per share for the fiscal years ended on those dates. Diluted net income per share includes the dilutive effect of outstanding equity awards, calculated using the treasury stock method. Assumed proceeds from the in-the-money options include the windfall tax benefits, net of shortfalls, calculated under the “as-if” method as prescribed by FASB Accounting Standards Codification 718, “Compensation — Stock Option Compensation.” Fiscal Year 2017 2016 2015 (In thousands, except per share data) Net income $ $ $ Basic weighted average shares outstanding Dilutive effect of equity awards Diluted weighted average shares outstanding Basic net income per share $ $ $ Diluted net income per share $ $ $ Shares of common stock equivalents of 1.6 million, 1.4 million and 1.3 million for fiscal 2017, 2016 and 2015, respectively, were excluded from the diluted calculation due to their anti-dilutive effect.
Comprehensive Income	Comprehensive Income Comprehensive income includes all changes in equity during a period except those resulting from investment by and distribution to owners. For fiscal years 2016 and 2015, our comprehensive income consisted solely of net income. In fiscal year 2017, comprehensive income also included translations gains and losses related to our Canadian restaurant operations.
Foreign Currency	Foreign Currency The Canadian dollar is the functional currency for our Canadian restaurant operations. Revenue and expense accounts are translated into U.S. dollars using the average exchange rates during the reporting period. Assets and liabilities are translated using the exchange rates in effect at the reporting period end date. Equity accounts are translated at historical rates, except for the change in retained earnings which is the result of the income statement translation process. Translation gains and losses are reported as a separate component in our consolidated statements of comprehensive income and would only be realized upon the sale or upon complete or substantially complete liquidation of the business. Gains and losses from foreign currency transactions are recognized in our consolidated statements of income in interest and other expense, net.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the FASB issued guidance affecting all entities that issue share-based payment awards to their staff members. This update covers such areas as the recognition of excess tax benefits and deficiencies, the classification of those excess tax benefits on the statement of cash flows, an accounting policy election for forfeitures, the amount an employer can withhold to cover income taxes and still qualify for equity classification and the classification of those taxes paid on the statement of cash flows. This guidance was effective for annual and interim periods beginning after December 15, 2016. We adopted these provisions prospectively in the first quarter of fiscal 2017. This guidance requires the tax impact of stock options exercised and vested restricted stock to be recorded in the income tax provision instead of additional paid-in capital, which resulted in an income tax benefit of $6.5 million in fiscal 2017. In addition, the excess tax benefit related to stock options exercised is no longer reclassified from cash flows from operating activities to cash flows from financing activities on the consolidated statements of cash flows. In this filing, we retrospectively adjusted prior year consolidated statements of cash flows to conform to the current year presentation by increasing cash used in financing activities and cash provided by operating activities by $13.9 million and $12.3 million in fiscal 2016 and 2015, respectively. We will continue to estimate forfeitures each period, so there is no change to our accounting policy related to forfeitures. In February 2016, the FASB issued guidance on the recognition and measurement of leases. Under the new standard, lessees are required to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use asset on the balance sheet for most leases. The guidance does not make significant changes to the recognition, measurement, and presentation of expenses and cash flows by a lessee. The standard requires certain qualitative and quantitative disclosures about the amount, timing and uncertainty of cash flows arising from leases. This update is effective for annual and interim periods beginning after December 15, 2018 and requires a modified retrospective approach, with optional practical expedients. Although early adoption is permitted, we will adopt these provisions in the first quarter of fiscal 2019. We expect this adoption will result in a material increase in the assets and liabilities on our consolidated balance sheets, but will likely have an insignificant impact on our consolidated statements of income. In preparation for the adoption of the guidance, we are in the process of implementing controls and key system changes to enable the preparation of the required financial information. In July 2015, the FASB issued guidance that requires inventory within the scope of the standard to be measured at the lower of cost or net realizable value. Previous guidance required inventory to be measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). This guidance was effective for fiscal years beginning after December 15, 2016, with early adoption permitted. Our adoption of this guidance in the first quarter of fiscal 2017 had no impact on our consolidated financial statements. In May 2014, the FASB issued accounting guidance that provides a comprehensive new revenue recognition model that supersedes most of the existing revenue recognition requirements and requires entities to recognize revenue at an amount that reflects the consideration to which a company expects to be entitled in exchange for transferring goods or services to a customer. In August 2015, the FASB deferred the effective date of this standard by one year with early adoption permitted no earlier than the original effective date. The guidance is now effective for us beginning in the first quarter of fiscal 2018. In March and April 2016, the FASB provided additional guidance related to implementation. This standard is not expected to have a material impact on our consolidated financial statements.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Jan. 02, 2018
Summary of Significant Accounting Policies
Schedule of depreciation and amortization periods	Buildings and land improvements 25 to 30 years Leasehold improvements 10 to 30 years Furnishings, fixtures and equipment 3 to 15 years Computer software and equipment 5 years
Schedule of basic and diluted income per share	Fiscal Year 2017 2016 2015 (In thousands, except per share data) Net income $ $ $ Basic weighted average shares outstanding Dilutive effect of equity awards Diluted weighted average shares outstanding Basic net income per share $ $ $ Diluted net income per share $ $ $

Other Receivables (Tables)

Other Receivables (Tables)	12 Months Ended
	Jan. 02, 2018
Other Receivables
Schedule of other receivables	Other receivables consisted of (in thousands): January 2, 2018 January 3, 2017 Gift card distributors $ $ Landlord construction contributions Other Total $ $

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jan. 02, 2018
Inventories
Schedule of inventories	Inventories consisted of (in thousands): January 2, 2018 January 3, 2017 Restaurant food and supplies $ $ Bakery finished goods and work in progress(1) Bakery raw materials and supplies Total $ $ (1) We are in the process of upgrading our California bakery. In preparation for lost production capacity, we produced additional inventories for projected requirements while the facility is closed.

Prepaid Expenses (Tables)

Prepaid Expenses (Tables)	12 Months Ended
	Jan. 02, 2018
Prepaid Expenses
Schedule of prepaid expenses	Prepaid expenses consisted of (in thousands): January 2, 2018 January 3, 2017 Gift card costs $ $ Rent Other Total $ $

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Jan. 02, 2018
Property and Equipment
Schedule of property and equipment	Property and equipment consisted of (in thousands): January 2, 2018 January 3, 2017 Land and related improvements $ $ Buildings Leasehold improvements Furnishings, fixtures and equipment Computer software and equipment Restaurant smallwares Construction in progress Property and equipment, total Less: Accumulated depreciation ) ) Property and equipment, net $ $

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Jan. 02, 2018
Other Assets
Schedule of other assets	Other assets consisted of (in thousands): January 2, 2018 January 3, 2017 Executive Savings Plan trust assets $ $ Investments in unconsolidated affiliates Deposits Total $ $

Other Accrued Expenses (Tables)

Other Accrued Expenses (Tables)	12 Months Ended
	Jan. 02, 2018
Other Accrued Expenses
Schedule of other accrued expenses	Other accrued expenses consisted of (in thousands): January 2, 2018 January 3, 2017 Self-insurance $ $ Salaries and wages Staff member benefits Payroll and sales taxes Other Total $ $

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	12 Months Ended
	Jan. 02, 2018
Other Noncurrent Liabilities
Schedule of other noncurrent liabilities	Other noncurrent liabilities consisted of (in thousands): January 2, 2018 January 3, 2017 Executive Savings Plan $ $ Other Total $ $

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Jan. 02, 2018
Commitments and Contingencies
Schedule of aggregate minimum annual lease payments under operating leases	As of January 2, 2018, the aggregate minimum annual lease payments under operating leases, including amounts characterized as deemed landlord financing payments, are as follows (in thousands): 2018 $ 2019 2020 2021 2022 Thereafter Total $
Schedule of rent expense on all operating leases	Rent expense on all operating leases was as follows (in thousands): Fiscal Year 2017 2016 2015 Straight-lined minimum base rent $ $ $ Contingent rent Common area maintenance and taxes Total $ $ $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Jan. 02, 2018
Stock-Based Compensation
Schedule of information related to stock-based compensation, net of forfeitures	The following table presents information related to stock-based compensation, net of forfeitures (in thousands): Fiscal Year 2017 (2) 2016 2015 Labor expenses $ $ $ Other operating costs and expenses General and administrative expenses Total stock-based compensation Income tax benefit Total stock-based compensation, net of taxes $ $ $ Capitalized stock-based compensation (1) $ $ $ (1) It is our policy to capitalize the portion of stock-based compensation costs for our internal development and legal departments that relates to capitalizable activities such as the design and construction of new restaurants, remodeling existing locations, lease, intellectual property and liquor license acquisition activities and equipment installation. Capitalized stock-based compensation is included in property and equipment, net and other assets on the consolidated balance sheets. (2) Fiscal 2017 stock-based compensation expense includes a $3.8 million benefit for an out-of-period adjustment related to a correction in stock-based compensation valuation and forfeitures. We believe this adjustment is immaterial to both the current and applicable prior periods.
Schedule of stock option activity	Shares Weighted Weighted Aggregate (In thousands) (Per share) (In years) (In thousands) Outstanding at beginning of year $ $ Granted $ Exercised ) $ Forfeited or cancelled ) $ Outstanding at end of year $ $ Exercisable at end of year $ $ (1) Aggregate intrinsic value is calculated as the difference between our closing stock price at fiscal year end and the exercise price, multiplied by the number of in-the-money options and represents the pre-tax amount that would have been received by the option holders, had they all exercised their options on the fiscal year end date.
Schedule of restricted share and restricted share unit activity	Restricted share and restricted share unit activity during fiscal 2017 was as follows: Shares Weighted (In thousands) (Per share) Outstanding at beginning of year $ Granted $ Vested ) $ Forfeited ) $ Outstanding at end of year $

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 02, 2018
Income Taxes
Schedule of provision for income taxes	The provision for income taxes consisted of the following (in thousands): Fiscal Year 2017 (1) 2016 2015 Income before income taxes $ $ $ Income tax provision/(benefit): Current: Federal $ $ $ State Total current Deferred: Federal ) ) State ) ) ) Total deferred (25,180 ) ) Total provision/(benefit) $ ) $ $ (1) The Tax Cuts and Jobs Act (“Tax Act”), which was enacted on December 22, 2017, made significant changes to how corporations are taxed in the U.S., the most prominent of which affecting us was to lower the U.S. corporate tax rate from 35% to 21%. In addition to the benefit of a lower rate in future years, the enactment of the Tax Act caused us to revalue our deferred tax assets and liabilities to reflect the new rate, resulting in a benefit to our fiscal 2017 income tax provision of $38.5 million.
Schedule of reconciliation between U.S. federal statutory rate and effective tax rate	Fiscal Year 2017 2016 2015 U.S. federal statutory rate % % % State and district income taxes, net of federal benefit Credit for FICA taxes paid on tips ) ) ) Other credits and incentives ) ) ) Manufacturing deduction ) ) ) Deferred compensation ) ) Equity compensation (1) ) — — Impact of statutory rate change on deferred taxes ) — — Other Effective tax rate )% % % (1) This item impacts our effective tax rate for the first time in fiscal 2017 due to our adoption of new accounting guidance that requires the tax impact of exercised stock options and vested restricted stock to be recorded in the income tax provision instead of additional paid-in capital. See “Recent Accounting Pronouncements” in Note 1 of Notes to Consolidated Financial Statements in Part IV, Item 15 of this report for further discussion of this accounting change.
Schedule of deferred tax assets and liabilities	Following are the temporary differences that created our deferred tax assets and liabilities (in thousands): January 2, 2018 January 3, 2017 Deferred tax assets: Staff member benefits $ $ Insurance reserves Accrued rent Deferred income Stock-based compensation Tax credit carryforwards Other Subtotal Less: Valuation allowance ) ) Total $ $ Deferred tax liabilities: Property and equipment $ ) $ ) Prepaid expenses ) ) Inventory ) ) Other ) — Total $ ) $ ) Net deferred tax liability $ ) $ )
Schedule of reconciliation of our uncertain tax positions	A reconciliation of the beginning and ending amount of our uncertain tax positions is as follows (in thousands): Fiscal Year 2017 2016 2015 Balance at beginning of year $ $ $ Additions related to current period tax positions Reductions related to settlements with taxing authorities and lapses of statutes of limitations ) ) ) Balance at end of year $ $ $

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Jan. 02, 2018
Segment Information
Schedule of segment information	Segment information is presented below (in thousands): Fiscal Year 2017 2016 2015 Revenues: The Cheesecake Factory restaurants $ $ $ Other Total $ $ $ Income/(loss) from operations: The Cheesecake Factory restaurants (1) $ $ $ Other (2) Corporate ) ) ) Total $ $ $ Depreciation and amortization: The Cheesecake Factory restaurants $ $ $ Other Corporate Total $ $ $ Capital expenditures: The Cheesecake Factory restaurants $ $ $ Other Corporate Total $ $ $ Total assets: The Cheesecake Factory restaurants $ $ $ Other Corporate Total $ $ $ (1) Fiscal 2017 includes $2.5 million of accelerated depreciation and impairment expense, and fiscal 2016 includes $0.1 million of accelerated depreciation. (See Note 1 for further discussion of these charges.) (2) Fiscal years 2017 and 2015 include impairment expense of $7.8 million and $6.0 million, respectively. (See Note 1 for further discussion of these charges.)

Quarterly Financial Data (una39

Quarterly Financial Data (unaudited) (Tables)	12 Months Ended
	Jan. 02, 2018
Quarterly Financial Data (unaudited)
Summary of quarterly financial data	Summarized unaudited quarterly financial data for fiscal 2017 and 2016 is as follows (in thousands, except per share data): Quarter Ended: April 4, 2017 July 4, 2017 October 3, 2017 January 2, 2018 Revenues $ $ $ $ Income from operations (1) $ $ $ $ Net income (1)(2) $ $ $ $ Basic net income per share (3) $ $ $ $ Diluted net income per share (3) $ $ $ $ Cash dividends declared per common share $ $ $ $ Quarter Ended: March 29, 2016 June 28, 2016 September 27, 2016 January 3, 2017 Revenues $ $ $ $ Income from operations (1) $ $ $ $ Net income (1) $ $ $ $ Basic net income per share (3) $ $ $ $ Diluted net income per share (3) $ $ $ $ Cash dividends declared per common share $ $ $ $ (1) Income from operations included $0.8 million, $0.4 million and $9.1 million of accelerated depreciation and impairment expense in the first, second and fourth quarters of fiscal 2017, respectively, and $0.1 million of accelerated depreciation expense in the fourth quarter of fiscal 2016. The impact to net income of these items was $0.4 million, $0.3 million, $5.5 million and $0.1 million, respectively. These amounts were recorded in impairment of assets and lease terminations in the consolidated statements of income. (See Note 1 for further discussion of impairment of assets and lease terminations.) (2) The fourth quarter of fiscal 2017 includes a $38.5 million benefit to our income tax provision related to the Tax Act. (See Note 14 for further discussion of income taxes.) (3) Net income per share calculations for each quarter are based on the weighted average diluted shares outstanding for that quarter and may not total to the full year amount.

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Details)	Feb. 28, 2018item	Jan. 02, 2018USD ($)	Jan. 03, 2017USD ($)	Dec. 29, 2015
Description of Business
Number of company-owned upscale, casual, full-service dining restaurants | item	214
Number of International locations operating under licensing agreements | item	20
Number of bakery production facilities | item	2
Basis of Presentation
Length of fiscal year		P364D	P371D	P364D
Cash and Cash Equivalents
Amounts receivable from credit card processors		$ 13,800,000	$ 12,200,000
Conversion period, credit card sales		P3D	P3D
Concentration of Credit Risk
Maximum amount of money market deposit insured by FDIC		$ 250,000
Fair Value of Financial Instruments
Fair value of deemed landlord financing liabilities		112,100,000
Carrying value of deemed landlord financing liabilities		$ 113,500,000
Buildings and land improvements | Minimum
Property and equipment
Useful life		25 years
Buildings and land improvements | Maximum
Property and equipment
Useful life		30 years
Leasehold improvements | Minimum
Property and equipment
Useful life		10 years
Leasehold improvements | Maximum
Property and equipment
Useful life		30 years
Furnishings, fixtures and equipment | Minimum
Property and equipment
Useful life		3 years
Furnishings, fixtures and equipment | Maximum
Property and equipment
Useful life		15 years
Computer software and equipment
Property and equipment
Useful life		5 years

Summary of Significant Accoun41

Summary of Significant Accounting Policies - Indefinite-Lived Assets (Details) - USD ($) $ in Millions	Jan. 02, 2018	Jan. 03, 2017
Trademarks
Indefinite-Lived Assets
Indefinite-lived intangible assets	$ 15.2
Transferable alcoholic beverage licenses
Indefinite-Lived Assets
Indefinite-lived intangible assets		$ 14.6

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Impairment of Long-Lived Assets and Lease Terminations (Details) $ in Thousands	3 Months Ended				12 Months Ended
	Jan. 02, 2018USD ($)item	Jul. 04, 2017USD ($)	Apr. 04, 2017USD ($)	Jan. 03, 2017USD ($)item	Jan. 02, 2018USD ($)item	Jan. 03, 2017USD ($)item	Dec. 29, 2015USD ($)
Impairment of long-lived assets and lease terminations
Period of time used to determine if impairment testing is warranted					1 year
Impairment of assets and lease terminations | $					$ 10,343	$ 114	$ 6,011
Investments in unconsolidated affiliates
Equity investments in number of restaurants	2			2	2	2
The Cheesecake Factory restaurants
Impairment of long-lived assets and lease terminations
Impairment of assets and lease terminations | $	$ 9,100	$ 400	$ 800	$ 100	$ 10,300	$ 100
Number of restaurants for which impairment and lease termination expenses were recorded					3
Number of restaurants related to relocation					1
Number of restaurants related to lease expiration					1
Grand Lux Cafe
Impairment of long-lived assets and lease terminations
Number of restaurants for which impairment and lease termination expenses were recorded					1
Rock Sugar Pan Asian Kitchen restaurant
Impairment of long-lived assets and lease terminations
Impairment of assets and lease terminations | $							$ 6,000

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Net income per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2018	Oct. 03, 2017	Jul. 04, 2017	Apr. 04, 2017	Jan. 03, 2017	Sep. 27, 2016	Jun. 28, 2016	Mar. 29, 2016	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Revenue Recognition
Gift card breakage period									3 years
Gift card breakage									$ 7,900	$ 7,600	$ 6,600
Advertising Costs
Advertising costs									6,100	7,400	5,000
Net income per share, basic and diluted
Net income	$ 57,738	$ 26,445	$ 38,166	$ 35,043	$ 32,381	$ 34,574	$ 38,585	$ 33,954	$ 157,392	$ 139,494	$ 116,523
Basic weighted average shares outstanding (in shares)									46,930	47,981	48,833
Dilutive effect of equity awards (in shares)									1,222	1,391	1,772
Diluted weighted average shares outstanding (in shares)									48,152	49,372	50,605
Basic net income per share (in dollars per share)	$ 1.26	$ 0.57	$ 0.80	$ 0.74	$ 0.68	$ 0.72	$ 0.80	$ 0.70	$ 3.35	$ 2.91	$ 2.39
Diluted net income per share (in dollars per share)	$ 1.24	$ 0.56	$ 0.78	$ 0.71	$ 0.66	$ 0.70	$ 0.78	$ 0.68	$ 3.27	$ 2.83	$ 2.30
Antidilutive securities excluded from calculation of basic earnings per share (in shares)									1,600	1,400	1,300
Restricted Shares and Restricted Share Units
Net income per share, basic and diluted
Antidilutive securities excluded from calculation of basic earnings per share (in shares)									1,700	1,900	1,900

Summary of Significant Accoun44

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Recent Accounting Pronouncements
Income tax benefit	$ (10,926)	$ 52,274	$ 42,829
Cash used in financing activities	(146,091)	(146,935)	(106,195)
Cash provided by operating activities	238,796	316,381	247,732
Accounting Standards Update 2016-09
Recent Accounting Pronouncements
Income tax benefit	$ (6,500)
Accounting Standards Update 2016-09 | Prior year adjustment
Recent Accounting Pronouncements
Cash used in financing activities		13,900	12,300
Cash provided by operating activities		$ 13,900	$ 12,300

Other Receivables (Details)

Other Receivables (Details) - USD ($) $ in Thousands	Jan. 02, 2018	Jan. 03, 2017
Other Receivables
Gift card distributors	$ 40,973	$ 42,719
Landlord construction contributions	9,053	4,807
Other	17,492	17,066
Total	$ 67,518	$ 64,592

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 02, 2018	Jan. 03, 2017
Inventories
Restaurant food and supplies	$ 18,407	$ 16,555
Bakery finished goods and work in progress	18,423	12,121
Bakery raw materials and supplies	5,730	6,250
Total	$ 42,560	$ 34,926

Prepaid Expenses (Details)

Prepaid Expenses (Details) - USD ($) $ in Thousands	Jan. 02, 2018	Jan. 03, 2017
Prepaid Expenses
Gift card costs	$ 23,814	$ 23,786
Rent	12,300	16,072
Other	21,552	12,580
Total	$ 57,666	$ 52,438

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Property and equipment
Property and equipment, total	$ 1,872,870	$ 1,768,890
Less: Accumulated depreciation	(937,825)	(858,756)
Property and equipment, net	935,045	910,134
Depreciation expenses	89,600	88,000	$ 85,600
Repair and maintenance expenses	54,100	50,100	44,900
Net expense on property and equipment disposals	2,500	3,600	$ 2,100
Land and related improvements
Property and equipment
Property and equipment, total	15,852	15,852
Buildings
Property and equipment
Property and equipment, total	37,633	37,607
Leasehold improvements
Property and equipment
Property and equipment, total	1,258,132	1,187,178
Furnishings, fixtures and equipment
Property and equipment
Property and equipment, total	456,056	428,652
Computer software and equipment
Property and equipment
Property and equipment, total	52,165	49,490
Restaurant smallwares
Property and equipment
Property and equipment, total	29,579	29,275
Construction in progress
Property and equipment
Property and equipment, total	$ 23,453	$ 20,836

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Thousands	Jan. 02, 2018	Jan. 03, 2017
Other Assets
Executive Savings Plan trust assets	$ 60,901	$ 49,025
Investments in unconsolidated affiliates	59,521	42,000
Deposits	5,496	5,517
Total	$ 125,918	$ 96,542

Other Accrued Expenses (Details

Other Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 02, 2018	Jan. 03, 2017
Other Accrued Expenses
Self-insurance	$ 66,354	$ 64,135
Salaries and wages	33,398	39,401
Staff member benefits	21,498	20,607
Payroll and sales taxes	16,359	20,197
Other	45,407	34,694
Total	$ 183,016	$ 179,034

Long-Term Debt (Details)

Long-Term Debt (Details) $ in Millions	12 Months Ended
	Jan. 02, 2018USD ($)	Jan. 03, 2017USD ($)	Dec. 29, 2015USD ($)
Long-Term Debt
Maximum commitments	$ 200
Maximum commitments, letter of credit sub-facility	50
Additional available credit	100
Available borrowings	169.3
Outstanding borrowings	10
Outstanding letters of credit	$ 20.7
Net Adjusted Leverage Ratio	2.8
EBITDAR Ratio	2.8
Capitalized interest expense	$ 0.7	$ 0.6	$ 1.6
Minimum
Long-Term Debt
Financial covenant, EBITDAR Ratio	1.9
Maximum
Long-Term Debt
Financial covenant, Net Adjusted Leverage Ratio	4
Adjusted LIBO Rate
Long-Term Debt
Credit facility, floating interest rate basis	Adjusted LIBO Rate
Adjusted LIBO Rate | Minimum
Long-Term Debt
Credit facility, basis spread on variable rate, (as a percent)	1.00%
Adjusted LIBO Rate | Maximum
Long-Term Debt
Credit facility, basis spread on variable rate, (as a percent)	1.75%
Federal Funds Effective Rate
Long-Term Debt
Credit facility, floating interest rate basis	Federal Funds Effective Rate
Credit facility, basis spread on variable rate, (as a percent)	0.50%
One-month Adjusted LIBO Rate
Long-Term Debt
Credit facility, floating interest rate basis	one-month Adjusted LIBO Rate
Fixed percentage added to variable rate	1.00%
One-month Adjusted LIBO Rate | Minimum
Long-Term Debt
Credit facility, basis spread on variable rate, (as a percent)	0.00%
One-month Adjusted LIBO Rate | Maximum
Long-Term Debt
Credit facility, basis spread on variable rate, (as a percent)	0.75%

Other Noncurrent Liabilities (D

Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Jan. 02, 2018	Jan. 03, 2017
Other Noncurrent Liabilities
Executive Savings Plan	$ 61,096	$ 49,232
Other	9,879	9,802
Total	$ 70,975	$ 59,034

Commitments and Contingencies53

Commitments and Contingencies (Details)	Jan. 02, 2018USD ($)	Feb. 28, 2017item	Feb. 03, 2017item	Apr. 04, 2017USD ($)	Jan. 02, 2018USD ($)	Jan. 03, 2017USD ($)	Dec. 29, 2015USD ($)
Commitments and Contingencies
Purchase obligations	$ 137,300,000				$ 137,300,000
Purchase obligations due in fiscal 2018	100,500,000				100,500,000
Outstanding standby letters of credit	20,700,000				20,700,000
Total accrued liability for self-insured plans	66,400,000				66,400,000
Number of additional lawsuits filed | item		2
Number of present and former restaurant hourly employees filed a class action lawsuit | item			5
Payments required under event of an actual or constructive termination of employment					2,200,000
Accrued potential bonuses	700,000				700,000
Annual founder's retirement benefit for ten years after termination of full time employment					$ 650,000
Number of years annual founder's retirement benefit after termination of full time employment					10 years
Number of months annual founder's retirement benefit after termination of full time employment					6 months
Aggregate minimum annual lease payments under operating leases
2,018	92,879,000				$ 92,879,000
2,019	93,838,000				93,838,000
2,020	91,363,000				91,363,000
2,021	88,394,000				88,394,000
2,022	86,516,000				86,516,000
Thereafter	572,194,000				572,194,000
Total	$ 1,025,184,000				1,025,184,000
Rent expense
Straight-lined minimum base rent					83,387,000	$ 80,276,000	$ 74,981,000
Contingent rent					19,559,000	22,408,000	21,160,000
Common area maintenance and taxes					38,103,000	36,252,000	34,602,000
Total					$ 141,049,000	$ 138,936,000	$ 130,743,000
Internal Revenue Service (IRS)
Commitments and Contingencies
Tax disallowance				$ 12,900,000
Minimum
Commitments and Contingencies
Operating lease remaining terms, excluding unexercised renewal options					1 year
Contingent rent as a percentage of revenues					2.50%
Minimum | North Italia and Flower Child
Commitments and Contingencies
Number of years	2 years
Maximum
Commitments and Contingencies
Operating lease remaining terms, excluding unexercised renewal options					23 years
Contingent rent as a percentage of revenues					10.00%
Maximum | North Italia and Flower Child
Commitments and Contingencies
Obligations	$ 24,000,000
Number of years	4 years

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2018	Oct. 03, 2017	Jul. 04, 2017	Apr. 04, 2017	Jan. 03, 2017	Sep. 27, 2016	Jun. 28, 2016	Mar. 29, 2016	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015	Jul. 21, 2016	Jul. 20, 2016
Stockholders Equity
Cash dividends declared per common share (in dollars per share)	$ 0.29	$ 0.29	$ 0.24	$ 0.24	$ 0.24	$ 0.24	$ 0.20	$ 0.20	$ 1.06	$ 0.88	$ 0.73
Repurchased shares since program inception	49,534,212				46,979,659				49,534,212	46,979,659
Value of shares repurchased since program inception	$ 1,532,864				$ 1,409,889				$ 1,532,864	$ 1,409,889
Treasury Stock
Stockholders Equity
Number of shares authorized to be repurchased												56,000,000	7,500,000
Repurchased shares since program inception	49,500,000								49,500,000
Value of shares repurchased since program inception	$ 1,532,900								$ 1,532,900

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Program (Details) - Accelerated stock repurchase program (ASR) - USD ($) shares in Millions, $ in Millions	Jul. 27, 2015	Mar. 31, 2015	Feb. 27, 2015
Share Repurchase Program
Common stock repurchase authorized amount			$ 75
Additional Shares Delivered Under Share Repurchase Program	0
Minimum
Share Repurchase Program
Number of shares authorized to be repurchased		1.5

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - shares shares in Millions	12 Months Ended
	Jan. 02, 2018	Apr. 05, 2017	Apr. 04, 2017
Stock-Based Compensation
Shares authorized for issuance under share-based compensation plan		12.7	9.2
Shares available for grant	4.2
Stock Options
Stock-Based Compensation
Annual vesting rights (as a percent)	20.00%
Stock Options | Minimum
Stock-Based Compensation
Option expiration period (in years)	8 years
Stock Options | Maximum
Stock-Based Compensation
Option expiration period (in years)	10 years
Restricted Shares and Restricted Share Units | Minimum
Stock-Based Compensation
Annual vesting rights (as a percent)	0.00%
Vesting period (in years)	3 years
Restricted Shares and Restricted Share Units | Maximum
Stock-Based Compensation
Annual vesting rights (as a percent)	140.00%
Vesting period (in years)	5 years

Stock-Based Compensation - Net

Stock-Based Compensation - Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Stock-Based Compensation
Total stock-based compensation	$ 16,457	$ 21,473	$ 20,053
Income tax benefit	6,295	8,213	7,670
Total stock-based compensation, net of taxes	10,162	13,260	12,383
Capitalized stock-based compensation	239	338	272
Benefit in share-based compensation expense, out-of-period adjustment related to correction in stock-based compensation valuation and forfeitures	3,900
Labor expenses
Stock-Based Compensation
Total stock-based compensation	5,236	6,023	5,748
Other operating costs and expenses
Stock-Based Compensation
Total stock-based compensation	243	251	268
General and administrative expenses
Stock-Based Compensation
Total stock-based compensation	$ 10,978	$ 15,199	$ 14,037

Stock-Based Compensation - Weig

Stock-Based Compensation - Weighted Average Fair Value (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Stock Options
Stock-Based Compensation
Weighted average fair value at the grant date for options issued (in dollars per share)	$ 14.83	$ 12.10	$ 14.17
Weighted average assumptions under Black-Scholes valuation model
Expected option term	6 years 10 months 24 days	6 years 9 months 18 days	6 years 7 months 6 days
Expected stock price volatility (as a percent)	24.40%	26.30%	31.30%
Risk-free interest rate (as a percent)	2.30%	1.60%	1.90%
Dividend yield (as a percent)	1.60%	1.60%	1.40%
Stock option activity, Shares
Outstanding at beginning of year (in shares)	1,955
Granted (in shares)	199
Exercised (in shares)	(345)
Forfeited or cancelled (in shares)	(68)
Outstanding at end of year (in shares)	1,741	1,955
Exercisable at end of year (in shares)	1,036
Weighted Average Exercise Price
Outstanding at beginning of year (in dollars per share)	$ 37.65
Granted (in dollars per share)	61.49
Exercised (in dollars per share)	26.19
Forfeited or cancelled (in dollars per share)	45.50
Outstanding at end of year (in dollars per share)	42.25	$ 37.65
Exercisable at end of year (in dollars per share)	$ 36.31
Weighted Average Remaining Contractual Term (In years)
Weighted Average Remaining Contractual Term (In years)	4 years	4 years
Exercisable at end of year (In years)	2 years 8 months 12 days
Aggregate Intrinsic Value
Outstanding at beginning of year	$ 42,592
Outstanding at end of year	14,766	$ 42,592
Exercisable at end of year	13,499
Total intrinsic value of options exercised	11,200	$ 40,400	$ 37,000
Unrecognized Stock-based Compensation Expense
Total unrecognized stock-based compensation expenses related to unvested stock options, restricted shares and restricted share units	$ 6,000
Expected weighted average period for recognition of compensation expense related to unvested stock option	2 years 7 months 6 days
Restricted Shares and Restricted Share Units
Restricted Shares and Restricted Share Units, Shares
Outstanding at beginning of year (in shares)	1,861
Granted (in shares)	485
Vested (in shares)	(498)
Forfeited (in shares)	(154)
Outstanding at end of year (in shares)	1,694	1,861
Fair value of shares vested	$ 18,400	$ 12,200	$ 7,500
Weighted Average Fair Value
Outstanding at beginning of year (in dollars per share)	$ 45.11
Granted (in dollars per share)	54.29	$ 50.89	$ 49.70
Vested (in dollars per share)	36.99
Forfeited (in dollars per share)	44.29
Outstanding at end of year (in dollars per share)	$ 46.38	$ 45.11
Unrecognized Stock-based Compensation Expense
Total unrecognized stock-based compensation expenses related to unvested stock options, restricted shares and restricted share units	$ 32,500
Expected weighted average period for recognition of compensation expense related to unvested stock option	2 years 8 months 12 days

Employee Benefit Plans (Details

Employee Benefit Plans (Details) $ in Millions	12 Months Ended
	Jan. 02, 2018USD ($)item	Jan. 03, 2017USD ($)	Dec. 29, 2015USD ($)
Employee Benefit Plans
Number of restaurant concepts for which section 401(k) is open to participation by staff members | item	3
Minimum number of investment options available to participating plan members | item	1
Maximum amount of eligible bonuses that may be deferred by participating staff members under the ESP (as a percent)	100.00%
Accrued liability for self-insured benefit plans	$ 8.8	$ 7.8
401(k) Plan
Employee Benefit Plans
Expense recognized	1	0.9	$ 0.7
ESP
Employee Benefit Plans
Expense recognized	$ 1	$ 1	$ 0.9

Income Taxes - Provision & Reco

Income Taxes - Provision & Reconciliation (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Jan. 02, 2018	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Income Taxes
Income before income taxes			$ 146,466	$ 191,768	$ 159,352
Current:
Federal			7,148	42,665	32,765
State			7,106	10,614	8,880
Total current			14,254	53,279	41,645
Deferred:
Federal			(24,570)	(564)	2,659
State			(610)	(441)	(1,475)
Total deferred			(25,180)	(1,005)	1,184
Total provision/(benefit)			$ (10,926)	$ 52,274	$ 42,829
U.S. corporate tax rate (as a percent)	21.00%		35.00%	35.00%	35.00%
Income tax benefit due to revalue of deferred tax assets and liabilities		$ 38,500
Income Taxes Rate Reconciliation
U.S. federal statutory rate (as a percent)	21.00%		35.00%	35.00%	35.00%
State and district income taxes, net of federal benefit (as a percent)			3.30%	3.50%	3.00%
Credit for FICA taxes paid on tips (as a percent)			(9.40%)	(7.00%)	(8.00%)
Other credits and incentives (as a percent)			(1.90%)	(1.30%)	(1.00%)
Manufacturing deduction (as a percent)			(2.30%)	(2.50%)	(2.80%)
Deferred compensation (as a percent)			(1.50%)	(0.50%)	0.30%
Equity compensation (as a percent)			(4.50%)
Impact of statutory rate change on deferred taxes (as a percent)			(26.30%)
Other (as a percent)			0.10%	0.10%	0.40%
Effective tax rate (as a percent)			(7.50%)	27.30%	26.90%

Income Taxes - Temporary Differ

Income Taxes - Temporary Differences (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Deferred tax assets:
Staff member benefits	$ 22,626	$ 32,258
Insurance reserves	14,027	20,932
Accrued rent	12,523	20,583
Deferred income	11,607	14,409
Stock-based compensation	8,710	15,384
Tax credit carryforwards	2,308	2,247
Other	738	957
Subtotal	72,539	106,770
Less: Valuation allowance	(455)	(457)
Total	72,084	106,313
Deferred tax liabilities:
Property and equipment	(111,324)	(166,183)
Prepaid expenses	(9,120)	(12,192)
Inventory	(6,724)	(10,339)
Other	(2,132)
Total	(129,300)	(188,714)
Net deferred tax liability	(57,216)	(82,401)
Reconciliation of beginning and ending amount of our uncertain tax positions
Balance at beginning of year	829	1,067	$ 875
Additions related to current period tax positions	168	139	192
Reductions related to settlements with taxing authorities and lapses of statutes of limitations	(154)	(377)	0
Balance at end of year	843	829	$ 1,067
Accrued interest and penalties related with uncertain tax positions	100	100
Decrease in uncertain tax positions during the next twelve months based on the lapses of statutes of limitations for certain jurisdictions	0
State
Reconciliation of beginning and ending amount of our uncertain tax positions
Tax credit carryforwards	2,900	3,500
Tax credit carryforward valuation allowance	$ 500	$ 500

Stockholder Rights Plan (Detail

Stockholder Rights Plan (Details) - Junior participating cumulative preferred stock rights	12 Months Ended
	Jan. 02, 2018item$ / sharesshares
Stockholder rights plan
Number of rights per common share	1
Number of shares of junior participating cumulative preferred stock callable by rights | shares	0.01
Rights exercise trigger, minimum percentage of stock acquired or intended to be acquired by an individual or group	15.00%
Rights exercise trigger, minimum percentage of stock acquired or intended to be acquired by a beneficial owner	20.00%
Beneficial ownership interest defined (as a percent)	10.00%
Multiplier of the exercise price that the holder of the rights would receive in value of other than the acquiring company's junior participating cumulative preferred stock	2
Exercise price of junior participating cumulative preferred stock (in dollars per right) | $ / shares	$ 110
Percentage of assets or earning power sold or transferred allowing the rights holder the right to receive common stock of acquiring company	50.00%
Multiplier of the exercise price that the rights holder has right to receive in value of acquiring company's common stock	2

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2018	Oct. 03, 2017	Jul. 04, 2017	Apr. 04, 2017	Jan. 03, 2017	Sep. 27, 2016	Jun. 28, 2016	Mar. 29, 2016	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Segment Information
Revenues	$ 571,815	$ 555,392	$ 569,869	$ 563,426	$ 603,146	$ 560,018	$ 558,862	$ 553,693	$ 2,260,502	$ 2,275,719	$ 2,100,609
Income/(loss) from operations	22,747	$ 34,317	50,218	43,563	47,146	$ 50,063	$ 55,190	$ 48,594	152,845	200,993	165,246
Depreciation and amortization									92,729	88,010	85,563
Capital expenditures									120,779	115,821	153,941
Total assets	1,333,060				1,293,319				1,333,060	1,293,319	1,233,346
Impairment of assets and lease terminations									10,343	114	6,011
The Cheesecake Factory restaurants
Segment Information
Revenues									2,057,816	2,078,083	1,913,758
Income/(loss) from operations									263,581	308,058	275,686
Depreciation and amortization									76,186	74,861	71,821
Capital expenditures									101,142	99,817	122,358
Total assets	937,512				950,372				937,512	950,372	934,606
Impairment of assets and lease terminations	9,100		$ 400	$ 800	100				10,300	100
Other
Segment Information
Revenues									202,686	197,636	186,851
Income/(loss) from operations									17,547	27,623	18,047
Depreciation and amortization									11,717	8,469	9,690
Capital expenditures									16,885	13,783	13,644
Total assets	167,096				157,842				167,096	157,842	152,243
Impairment of assets and lease terminations									7,800		6,000
Corporate
Segment Information
Income/(loss) from operations									(128,283)	(134,688)	(128,487)
Depreciation and amortization									4,826	4,680	4,052
Capital expenditures									2,752	2,221	17,939
Total assets	$ 228,452				$ 185,105				$ 228,452	$ 185,105	$ 146,497

Quarterly Financial Data (una64

Quarterly Financial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 02, 2018	Oct. 03, 2017	Jul. 04, 2017	Apr. 04, 2017	Jan. 03, 2017	Sep. 27, 2016	Jun. 28, 2016	Mar. 29, 2016	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Quarterly Financial Data (unaudited)
Revenues	$ 571,815	$ 555,392	$ 569,869	$ 563,426	$ 603,146	$ 560,018	$ 558,862	$ 553,693	$ 2,260,502	$ 2,275,719	$ 2,100,609
Income from operations	22,747	34,317	50,218	43,563	47,146	50,063	55,190	48,594	152,845	200,993	165,246
Net income	$ 57,738	$ 26,445	$ 38,166	$ 35,043	$ 32,381	$ 34,574	$ 38,585	$ 33,954	$ 157,392	$ 139,494	$ 116,523
Basic net income per share (in dollars per share)	$ 1.26	$ 0.57	$ 0.80	$ 0.74	$ 0.68	$ 0.72	$ 0.80	$ 0.70	$ 3.35	$ 2.91	$ 2.39
Diluted net income per share (in dollars per share)	1.24	0.56	0.78	0.71	0.66	0.70	0.78	0.68	3.27	2.83	2.30
Cash dividends declared per common share (in dollars per share)	$ 0.29	$ 0.29	$ 0.24	$ 0.24	$ 0.24	$ 0.24	$ 0.20	$ 0.20	$ 1.06	$ 0.88	$ 0.73

Quarterly Financial Data - Asse

Quarterly Financial Data - Asset impairment (unaudited) (Details) $ in Thousands	3 Months Ended					12 Months Ended
	Jan. 02, 2018USD ($)	Oct. 03, 2017USD ($)	Jul. 04, 2017USD ($)	Apr. 04, 2017USD ($)	Jan. 03, 2017USD ($)	Jan. 02, 2018USD ($)item	Jan. 03, 2017USD ($)item	Dec. 29, 2015USD ($)
Asset impairment
Impairment of assets and lease terminations						$ 10,343	$ 114	$ 6,011
Income tax benefit due to revalue of deferred tax assets and liabilities	$ 38,500
The Cheesecake Factory restaurants
Asset impairment
Impairment of assets and lease terminations	9,100		$ 400	$ 800	$ 100	$ 10,300	$ 100
Number of restaurants related to relocation | item						1
Number of restaurants related to lease expiration | item						1
Number of restaurants related to planned relocation | item							1
Impact of impairment and lease termination expenses on net income	$ 100	$ 5,500	$ 300	$ 400

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares	Feb. 15, 2018	Jan. 02, 2018	Oct. 03, 2017	Jul. 04, 2017	Apr. 04, 2017	Jan. 03, 2017	Sep. 27, 2016	Jun. 28, 2016	Mar. 29, 2016	Jan. 02, 2018	Jan. 03, 2017	Dec. 29, 2015
Subsequent Events
Cash dividends declared per common share (in dollars per share)		$ 0.29	$ 0.29	$ 0.24	$ 0.24	$ 0.24	$ 0.24	$ 0.20	$ 0.20	$ 1.06	$ 0.88	$ 0.73
Subsequent Events
Subsequent Events
Cash dividends declared per common share (in dollars per share)	$ 0.29