Quarterly report [Sections 13 or 15(d)]

Revenue Recognition (Tables)

v3.26.1
Revenue Recognition (Tables)
3 Months Ended
Mar. 29, 2026
Revenue Recognition  
Schedule of contract liabilities

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

  ​ ​ ​

March 29,

December 28,

2026

2025

Deferred license revenue (1)

$

109

$

116

Deferred gift card and gift certificate revenue (2)

$

4,453

$

6,074

Advanced party deposits (2)

$

961

$

745

Friends with Benefits rewards program (3)

$

603

$

450

(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) Friends with Benefits rewards program is included in accrued expenses on the condensed consolidated balance sheets.

Schedule of revenue recognized

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

  ​ ​ ​

March 29,

  ​ ​ ​

March 30,

2026

2025

Revenue recognized from deferred license revenue

$

7

$

12

Revenue recognized from deferred gift card revenue

$

2,099

$

1,629

Revenue recognized from advanced party deposits

$

623

$

424

Schedule of estimated deferred license revenue to be recognized in the future related to performance obligations

The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of March 29, 2026 were as follows for each year ending (in thousands):

2026, nine periods remaining

  ​ ​ ​

$

45

2027

 

20

2028

 

20

2029

 

14

2030

 

1

Thereafter

 

9

Total future estimated deferred license revenue

$

109