XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.2
Revenue
 6 Months Ended
Jun. 25, 2019
Revenue  
Revenue

(5) Revenue

​

The following table disaggregates our revenue by major source (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

13 weeks ended

​

26 weeks ended

​

​

June 25, 2019

​

June 26, 2018

​

June 25, 2019

​

June 25, 2019

​

Restaurant and other sales

$

684,373

​

$

624,073

​

$

1,369,490

​

$

1,246,475

​

Franchise royalties

​

4,814

​

​

4,336

​

​

9,671

​

​

8,820

​

Franchise fees

​

641

​

​

828

​

​

1,275

​

​

1,647

​

Total revenue

$

689,828

​

$

629,237

​

$

1,380,436

​

$

1,256,942

​

​

We record deferred revenue for gift cards which includes cards that have been sold but not yet redeemed, a breakage adjustment for a percentage of gift cards that are not expected to be redeemed, and fees paid on gift cards sold through third party retailers. When the gift cards are redeemed, we recognize restaurant sales and reduce deferred revenue. We amortize breakage and third party fees consistent with the historic redemption pattern of the associated gift card and recognize as a component of other sales. As of June 25, 2019 and December 25, 2018, our deferred revenue balance related to gift cards was approximately $119.6 million and $192.2 million, respectively. We recognized sales of

approximately $26.6 million and $105.0 million for the 13 and 26 weeks ended June 25, 2019, respectively, related to the amount in deferred revenue as of December 25, 2018. We recognized sales of approximately $21.8 million and $86.4 million for the 13 and 26 weeks ended June 26, 2018, respectively, related to the amount in deferred revenue as of December 26, 2017.