The ONE Group Hospitality, Inc. Annual report pursuant to Section 13 and 15(d)

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

The following tables show our operating results by segment for the periods indicated (in thousands):

	For the year ended December 31, 2018
	Owned restaurants		Owned food, beverage and other		Managed and licensed operations		Total
Revenues:
Owned net revenues	$	65,896	$	8,137	$	—	$	74,033
Management, license and incentive fee revenue		—		—		11,568		11,568
Total revenues		65,896		8,137		11,568		85,601

Cost and expenses:
Owned operating expenses:
Cost of sales		17,220		—		—		17,220
Other operating expenses		39,599		—		—		39,599
Owned food, beverage and other expenses		—		7,865		—		7,865
Total owned operating expenses		56,819		7,865		—		64,684
Segment income	$	9,077	$	272	$	11,568	$	20,917

General and administrative								11,119
Depreciation and amortization								2,824
Interest expense, net of interest income								1,193
Equity in income of investee companies								(182	)
Other								1,343
Income from continuing operations before provision for income taxes							$	4,620

	For the year ended December 31, 2017
	Owned restaurants		Owned food, beverage and other		Managed and licensed operations		Total
Revenues:
Owned net revenues	$	58,654	$	10,227	$	—	$	68,881
Management, license and incentive fee revenue		—		—		10,779		10,779
Total revenues		58,654		10,227		10,779		79,660

Cost and expenses:
Owned operating expenses:
Cost of sales		15,544		—		—		15,544
Other operating expenses		37,076		—		—		37,076
Owned food, beverage and other expenses		—		9,400		—		9,400
Total owned operating expenses		52,620		9,400		—		62,020
Segment income	$	6,034	$	827	$	10,779	$	17,640

General and administrative								11,893
Depreciation and amortization								3,051
Interest expense, net of interest income								1,167
Equity in income of investee companies								(168	)
Other								5,522
Loss from continuing operations before provision for income taxes							$	(3,825	)

The following tables show our total assets and capital asset additions by segment for the periods indicated (in thousands):

	For the years ended December 31,
	2018		2017
Total assets:
Owned restaurants	$	42,971	$	40,570
Owned food, beverage and other operations (1)		7,274		7,385
Managed and licensed operations		5,734		5,060
Total	$	55,979	$	53,015

(1)

Includes corporate assets

	For the years ended December 31,
	2018		2017
Capital assets additions:
Owned restaurants	$	3,297	$	3,955
Owned food, beverage and other operations (1)		805		655
Managed and licensed operations		—		—
Total	$	4,102	$	4,610

(1)

Includes corporate capital asset additions