Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue Recognition and Deferred Revenue [Abstract]

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