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Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2024
Revenue Recognition and Deferred Revenue [Abstract] |
Disaggregation of revenue | The following table includes the disaggregation of Restaurant sales and franchise revenues by restaurant concept and major international market for the periods indicated:
| THIRTEEN WEEKS ENDED
| MARCH 31, 2024 |  | MARCH 26, 2023
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |
Outback Steakhouse | $ | 603,613 |  |  | $ | 8,320 |  |  | $ | 628,183 |  |  | $ | 8,544 |
Carrabba’s Italian Grill | 184,429 |  |  | 736 |  |  | 188,042 |  |  | 795 |
Bonefish Grill | 144,503 |  |  | 160 |  |  | 157,689 |  |  | 171 |
Fleming’s Prime Steakhouse & Wine Bar | 96,162 |  |  | — |  |  | 102,773 |  |  | — |
Other | 2,189 |  |  | 38 |  |  | 3,882 |  |  | 15 |
U.S. total | 1,030,896 |  |  | 9,254 |  |  | 1,080,569 |  |  | 9,525 |
International |  |  |  |  |  |  |
Outback Steakhouse - Brazil (1) | 124,837 |  |  | — |  |  | 122,016 |  |  | — |
Other (1)(2) | 23,754 |  |  | 3,556 |  |  | 25,649 |  |  | 3,998 |
International total | 148,591 |  |  | 3,556 |  |  | 147,665 |  |  | 3,998 |
Total | $ | 1,179,487 |  |  | $ | 12,810 |  |  | $ | 1,228,234 |  |  | $ | 13,523 |
________________ (1)Includes $9.6 million of Restaurant sales during the thirteen weeks ended March 26, 2023 in connection with value added tax exemptions resulting from Brazil tax legislation. See Note 14 - Income Taxes for details regarding the Brazil tax legislation. (2)Includes Restaurant sales for Company-owned Outback Steakhouse restaurants outside of Brazil and Abbraccio restaurants in Brazil. Franchise revenues primarily include revenues from franchised Outback Steakhouse restaurants.
Contract with customers, asset and liability | The following table includes a detail of assets and liabilities from contracts with customers included on the Company’s Consolidated Balance Sheets as of the periods indicated:
(dollars in thousands) | MARCH 31, 2024 |  | DECEMBER 31, 2023 |  |  |  |
Other current assets, net |  |  |  |  |  |  |  |  |
Deferred gift card sales commissions | $ | 13,520 |  |  | $ | 18,081 |  |  |  |  |  |  |
Unearned revenue |  |  |  |  |  |  |  |  |
Deferred gift card revenue | $ | 312,283 |  |  | $ | 374,274 |  |  |  |  |  |  |
Deferred loyalty revenue | 5,506 |  |  | 5,664 |  |  |  |  |  |  |
Deferred franchise fees - current | 453 |  |  | 473 |  |  |  |  |  |  |
Other | 1,761 |  |  | 1,466 |  |  |  |  |  |  |
Total Unearned revenue | $ | 320,003 |  |  | $ | 381,877 |  |  |  |  |  |  |
Other long-term liabilities, net |  |  |  |  |  |  |  |  |
Deferred franchise fees - non-current | $ | 3,975 |  |  | $ | 4,036 |  |  |  |  |  |  |
The following table is a rollforward of deferred gift card sales commissions for the periods indicated:
|  |  | THIRTEEN WEEKS ENDED
(dollars in thousands) |  |  |  |  | MARCH 31, 2024 |  | MARCH 26, 2023
Balance, beginning of the period |  |  |  |  | $ | 18,081 |  |  | $ | 17,755 |
Deferred gift card sales commissions amortization |  |  |  |  | (7,498) |  |  | (7,797) |
Deferred gift card sales commissions capitalization |  |  |  |  | 3,914 |  |  | 4,403 |
Other |  |  |  |  | (977) |  |  | (958) |
Balance, end of the period |  |  |  |  | $ | 13,520 |  |  | $ | 13,403 |
The following table is a rollforward of unearned gift card revenue for the periods indicated:
|  |  | THIRTEEN WEEKS ENDED
(dollars in thousands) |  |  |  |  | MARCH 31, 2024 |  | MARCH 26, 2023
Balance, beginning of the period |  |  |  |  | $ | 374,274 |  |  | $ | 386,495 |
Gift card sales |  |  |  |  | 46,609 |  |  | 53,005 |
Gift card redemptions |  |  |  |  | (102,470) |  |  | (118,283) |
Gift card breakage |  |  |  |  | (6,130) |  |  | (7,121) |
Balance, end of the period |  |  |  |  | $ | 312,283 |  |  | $ | 314,096 |

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