Quarterly report [Sections 13 or 15(d)]

Revenue Recognition

v3.25.1
Revenue Recognition
3 Months Ended
Mar. 30, 2025
Revenue Recognition  
Revenue recognition

Note 9 – Revenue Recognition

The following table provides information about contract liabilities, which include deferred license revenue, deferred gift card revenue, advanced party deposits and the Konavore rewards program (in thousands):

    

March 30,

December 31,

2025

2024

Deferred license revenue (1)

$

193

$

204

Deferred gift card and gift certificate revenue (2)

$

3,958

$

5,984

Advanced party deposits (2)

$

725

$

556

Konavore rewards program (3)

$

205

$

201

(1) Includes the current and long-term portion of deferred license revenue which are included in other current liabilities and other long-term liabilities on the condensed consolidated balance sheets.
(2) Deferred gift card revenue and advance party deposits on goods and services yet to be provided are included in deferred gift card revenue and other on the condensed consolidated balance sheets.
(3) Konavore rewards program is included in accrued expenses on the condensed consolidated balance sheets.

Revenue recognized during the period from contract liabilities as of the preceding fiscal year end date is as follows (in thousands):

    

March 30,

    

March 31,

2025

2024

Revenue recognized from deferred license revenue

$

12

$

12

Revenue recognized from deferred gift card revenue

$

1,629

$

595

Revenue recognized from advanced party deposits

$

424

$

361

The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of March 30, 2025 were as follows for each year ending (in thousands):

2025, nine periods remaining

    

$

34

2026

 

39

2027

 

36

2028

 

36

2029

 

27

Thereafter

 

21

Total future estimated deferred license revenue

$

193