Annual report pursuant to Section 13 and 15(d)

Segment reporting

v2.4.1.9
Segment reporting
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment reporting
Segment reporting:

The Company operates in three segments: owned STK units ("STKs"), food and beverage hospitality management agreements ("F&B") and Other concepts ("Other"). We believe STKs, F&B and Other to be our reportable segments as they do not have similar economic or other characteristics to be aggregated into a single reportable segment. Our STKs segment consists of leased restaurant locations and competes in the full service dining industry. Our F&B segment consists of management agreements in which the Company operates the food and beverage services in hotels or casinos and could include an STK, which we refer to as managed STK units. We refer to owned STK units and managed STK units together as “STK units.” These management agreements generate management and incentive fees on net revenue at each location. Our Other segment includes owned non-STK leased locations.


 
Years ended December 31,
 
2014
 
2013
Revenues:
 
 
 
STKs
$
38,644,993

 
$
35,820,303

F&B
8,823,318

 
7,336,628

Other
1,854,597

 
747,982

 
$
49,322,908

 
$
43,904,913

 
 
 
 
Segment Profits:
 
 
 
STKs
$
5,433,261

 
$
4,742,590

F&B
8,823,318

 
7,336,628

Other
295,972

 
(272,169
)
 
 
 
 
Total segment profit
14,552,551

 
11,807,049

 
 
 
 
General and Administrative
8,687,490

 
10,777,805

Depreciation and amortization
1,438,728

 
1,456,736

Interest expense, net of interest income
75,771

 
768,152

Equity in income of investee companies
(1,149,060
)
 
(948,852
)
Other
(1,850,294
)
 
14,974,800

 
 
 
 
Income from continuing operations before provision for income taxes
$
7,349,916

 
$
(15,221,592
)
 
 
 
 
 
 
 
 
Other non-current assets
 
 
 
STKs
$
17,456,993

 
11,893,554

F&B
229,771

 
$
145,364

Other
1,128,861

 
1,406,495

Total
$
18,815,625

 
$
13,445,413