Note 16  Segment Reporting The Company operates in three segments: Owned restaurants, Owned food, beverage and other, and Managed and licensed operations. The Owned restaurants segment consists of leased restaurant locations and competes in the full-service dining industry. The Owned food, beverage and other segment consists of hybrid operations, such as where the Company has a leased restaurant location and also has a food and beverage agreement at the same location, typically a hotel, and offsite banquet offerings. The Managed and licensed operations segment includes all operations for which a management, incentive or license fee is received. Management agreements generate management fees on net revenue and incentive fees on operating profit as defined in the applicable management agreement. License agreements generate revenue primarily through royalties earned on net revenue at each location. Revenues associated with developmental support for licensed locations are also included within this segment. The Companys Chief Executive Officer (CEO), who has been deemed the Companys Chief Operating Decision Maker, manages the business and allocates resources via a combination of restaurant sales reports and segment profit information (which is defined as revenues less operating expenses) related to the Companys three segments, or sources of revenues, which are presented in their entirety within the consolidated statements of operations and comprehensive income (loss). The Companys operating results by segment were as follows (in thousands): For the three months ended September 30, 2019 For the three months ended September 30, 2018 Owned food, Managed and Owned food, Managed and Owned beverage and licensed Owned beverage and licensed restaurants other operations Total restaurants other operations Total Revenues: Owned net revenues $ 17,120 $ 2,065 $  $ 19,185 $ 15,312 $ 1,960 $  $ 17,272 Management, license and incentive fee revenue   2,921 2,921   2,688 2,688 Total revenues 17,120 2,065 2,921 22,106 15,312 1,960 2,688 19,960 Cost and expenses: Owned operating expenses: Cost of sales 4,472   4,472 4,050   4,050 Other operating expenses 10,783   10,783 9,779   9,779 Owned food, beverage and other expenses  1,971  1,971  2,068  2,068 Total owned operating expenses 15,255 1,971  17,226 13,829 2,068  15,897 Segment income (loss) $ 1,865 $ 94 $ 2,921 $ 4,880 $ 1,483 $ (108) $ 2,688 $ 4,063 General and administrative 2,352 2,266 Depreciation and amortization 1,103 896 Interest expense, net of interest income 230 294 Transaction costs 358  Other 292 565 Income before provision for income taxes $ 545 $ 42 For the nine months ended September 30, 2019 For the nine months ended September 30, 2018 Owned food, Managed and Owned food, Managed and Owned beverage and licensed Owned beverage and licensed restaurants other operations Total restaurants other operations Total Revenues: Owned net revenues $ 53,749 $ 6,472 $  $ 60,221 $ 45,908 $ 6,048 $  $ 51,956 Management, license and incentive fee revenue   8,260 8,260   7,832 7,832 Total revenues 53,749 6,472 8,260 68,481 45,908 6,048 7,832 59,788 Cost and expenses: Owned operating expenses: Cost of sales 14,109   14,109 12,121   12,121 Other operating expenses 33,554   33,554 28,556   28,556 Owned food, beverage and other expenses  6,455  6,455  5,782  5,782 Total owned operating expenses 47,663 6,455  54,118 40,677 5,782  46,459 Segment income (loss) $ 6,086 $ 17 $ 8,260 $ 14,363 $ 5,231 $ 266 $ 7,832 $ 13,329 General and administrative 7,706 7,937 Depreciation and amortization 3,049 2,575 Interest expense, net of interest income 717 902 Transaction costs 510  Loss on early debt extinguishment 437  Equity in income of investee companies  (111) Other 712 1,359 Income before provision for income taxes $ 1,232 $ 667 The Companys total assets by segment for the periods indicated were as follows (in thousands): September 30, December 31, 2019 2018 Total assets: Owned restaurants $ 73,753 $ 42,971 Owned food, beverage and other operations (1) 16,204 7,274 Managed and licensed operations 5,463 5,734 Total $ 95,420 $ 55,979 (1) Includes corporate assets and unallocated corporate assets The Companys total assets increased $39.8 million as of September 30, 2019 compared to December 31, 2018 as a result of adopting ASC Topic 842 during the first quarter of 2019. Refer to Note 12 for additional information regarding the adoption of ASC Topic 842. The Companys capital asset additions by segment for the periods indicated were as follows (in thousands): For the nine months ended September 30, 2019 2018 Capital assets additions: Owned restaurants $ 2,861 $ 2,792 Owned food, beverage and other operations (1) 648 446 Managed and licensed operations   Total $ 3,509 $ 3,238 (1) Includes corporate capital asset additions and unallocated corporate additions