Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.24.3
Revenue (Tables)
 9 Months Ended
Oct. 06, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Disaggregated by Type of Good or Service
In the following table, revenue is disaggregated by type of good or service (in thousands):
Twelve Weeks Ended Forty Weeks Ended
October 6, 2024 October 1, 2023 October 6, 2024 October 1, 2023
Restaurant revenue $ 270,605  $ 273,133  $ 943,630  $ 973,307 
Franchise revenue 3,007  3,418  12,635  12,245 
Gift card breakage 735  589  5,923  5,930 
Other revenue 291  420  1,145  2,538 
Total revenues $ 274,638  $ 277,560  $ 963,333  $ 994,020 
Schedule of Unearned Revenue and Revenue Recognized That Were Included in Liability Balances at Beginning of Fiscal Year
Components of Unearned revenue in the Condensed Consolidated Balance Sheets are as follows (in thousands):
October 6, 2024 December 31, 2023
Unearned gift card revenue $ 13,005  $ 28,558 
Unearned Royalty revenue
 2,333  7,509 
Unearned revenue
 $ 15,338  $ 36,067 
Revenue recognized in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the redemption and breakage of gift cards that were included in the liability balance at the beginning of the fiscal year was as follows (in thousands):
Forty Weeks Ended
October 6, 2024 October 1, 2023
Gift card revenue $ 15,672  $ 16,865 
Changes in our unearned revenue balance related to our Royalty program (in thousands):
Twelve Weeks Ended Forty Weeks Ended
October 6, 2024 October 1, 2023 October 6, 2024 October 1, 2023
Unearned Royalty revenue, beginning balance
 $ 1,804  $ 11,623  $ 7,509  $ 11,107 
Revenue deferred 914  963  3,953  5,726 
Revenue recognized(1)
(385) (1,188) (9,129) (5,435)
Unearned Royalty revenue, ending balance
 $ 2,333  $ 11,398  $ 2,333  $ 11,398 
(1) Restaurant revenue includes an approximately $6.4 million credit related to the transition to the new Royalty program in the second quarter of 2024, primarily due to the cancellation of unused points that were earned more than 365 days prior to the launch of the new program.