XML 22 R12.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue
 3 Months Ended
Mar. 29, 2022
Revenue  
Revenue

(4) Revenue

​

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

​

​

​

​

​

​

​

​

​

13 weeks ended

​

​

March 29, 2022

​

March 30, 2021

​

Restaurant and other sales

$

980,972

​

$

794,923

​

Franchise royalties

​

5,699

​

​

4,973

​

Franchise fees

​

815

​

​

733

​

Total revenue

$

987,486

​

$

800,629

​

​

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 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 or on actual redemptions in periods where redemptions do not align with historic redemption patterns. We recognize these amounts as a component of other sales. As of March 29, 2022 and December 28, 2021, our deferred revenue balance related to gift cards was $221.5 million and $300.7 million, respectively. We recognized sales of $102.1 million for the 13 weeks ended March 29, 2022 related to the amount in deferred revenue as of December 28, 2021. We recognized sales of $71.4 million for the 13 weeks ended March 30, 2021 related to the amount in deferred revenue as of December 29, 2020.