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Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue Recognition and Deferred Revenue [Abstract] |
Disaggregation of revenue | The following tables include the disaggregation of Restaurant sales and franchise revenues by restaurant concept and major international market for the periods indicated:
| THIRTEEN WEEKS ENDED
| JUNE 30, 2024 |  | JUNE 25, 2023
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |
Outback Steakhouse | $ | 562,904 |  |  | $ | 8,076 |  |  | $ | 576,989 |  |  | $ | 8,219 |
Carrabba’s Italian Grill | 174,576 |  |  | 752 |  |  | 176,666 |  |  | 758 |
Bonefish Grill | 134,279 |  |  | 128 |  |  | 143,458 |  |  | 95 |
Fleming’s Prime Steakhouse & Wine Bar | 88,390 |  |  | — |  |  | 92,851 |  |  | — |
Other | 1,939 |  |  | 18 |  |  | 3,474 |  |  | 10 |
U.S. total | 962,088 |  |  | 8,974 |  |  | 993,438 |  |  | 9,082 |
International |  |  |  |  |  |  |
Outback Steakhouse - Brazil (1) | 118,357 |  |  | — |  |  | 119,295 |  |  | — |
Other (1)(2) | 23,120 |  |  | 3,142 |  |  | 24,597 |  |  | 3,486 |
International total | 141,477 |  |  | 3,142 |  |  | 143,892 |  |  | 3,486 |
Total | $ | 1,103,565 |  |  | $ | 12,116 |  |  | $ | 1,137,330 |  |  | $ | 12,568 |
| TWENTY-SIX WEEKS ENDED
| JUNE 30, 2024 |  | JUNE 25, 2023
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |
Outback Steakhouse | $ | 1,166,517 |  |  | $ | 16,396 |  |  | $ | 1,205,172 |  |  | $ | 16,763 |
Carrabba’s Italian Grill | 359,005 |  |  | 1,488 |  |  | 364,708 |  |  | 1,553 |
Bonefish Grill | 278,782 |  |  | 288 |  |  | 301,147 |  |  | 266 |
Fleming’s Prime Steakhouse & Wine Bar | 184,552 |  |  | — |  |  | 195,624 |  |  | — |
Other | 4,128 |  |  | 56 |  |  | 7,356 |  |  | 25 |
U.S. total | 1,992,984 |  |  | 18,228 |  |  | 2,074,007 |  |  | 18,607 |
International |  |  |  |  |  |  |
Outback Steakhouse - Brazil (1) | 243,194 |  |  | — |  |  | 241,311 |  |  | — |
Other (1)(2) | 46,874 |  |  | 6,698 |  |  | 50,246 |  |  | 7,484 |
International total | 290,068 |  |  | 6,698 |  |  | 291,557 |  |  | 7,484 |
Total | $ | 2,283,052 |  |  | $ | 24,926 |  |  | $ | 2,365,564 |  |  | $ | 26,091 |
________________ (1)Includes $9.6 million and $19.2 million of Restaurant sales during the thirteen and twenty-six weeks ended June 25, 2023, respectively, in connection with value added tax exemptions resulting from Brazil tax legislation. See Note 15 - 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) | JUNE 30, 2024 |  | DECEMBER 31, 2023 |  |  |  |
Other current assets, net |  |  |  |  |  |  |  |  |
Deferred gift card sales commissions | $ | 12,650 |  |  | $ | 18,081 |  |  |  |  |  |  |
Unearned revenue |  |  |  |  |  |  |  |  |
Deferred gift card revenue | $ | 300,590 |  |  | $ | 374,274 |  |  |  |  |  |  |
Deferred loyalty revenue | 6,461 |  |  | 5,664 |  |  |  |  |  |  |
Deferred franchise fees - current | 460 |  |  | 473 |  |  |  |  |  |  |
Other | 1,504 |  |  | 1,466 |  |  |  |  |  |  |
Total Unearned revenue | $ | 309,015 |  |  | $ | 381,877 |  |  |  |  |  |  |
Other long-term liabilities, net |  |  |  |  |  |  |  |  |
Deferred franchise fees - non-current | $ | 3,896 |  |  | $ | 4,036 |  |  |  |  |  |  |
The following table is a rollforward of deferred gift card sales commissions for the periods indicated:
| THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(dollars in thousands) | JUNE 30, 2024 |  | JUNE 25, 2023 |  | JUNE 30, 2024 |  | JUNE 25, 2023
Balance, beginning of the period | $ | 13,520 |  |  | $ | 13,403 |  |  | $ | 18,081 |  |  | $ | 17,755 |
Deferred gift card sales commissions amortization | (5,163) |  |  | (5,383) |  |  | (12,661) |  |  | (13,180) |
Deferred gift card sales commissions capitalization | 4,942 |  |  | 5,340 |  |  | 8,856 |  |  | 9,743 |
Other | (649) |  |  | (666) |  |  | (1,626) |  |  | (1,624) |
Balance, end of the period | $ | 12,650 |  |  | $ | 12,694 |  |  | $ | 12,650 |  |  | $ | 12,694 |
The following table is a rollforward of unearned gift card revenue for the periods indicated:
| THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(dollars in thousands) | JUNE 30, 2024 |  | JUNE 25, 2023 |  | JUNE 30, 2024 |  | JUNE 25, 2023
Balance, beginning of the period | $ | 312,283 |  |  | $ | 314,096 |  |  | $ | 374,274 |  |  | $ | 386,495 |
Gift card sales | 59,336 |  |  | 65,338 |  |  | 105,945 |  |  | 118,343 |
Gift card redemptions | (66,854) |  |  | (70,175) |  |  | (169,324) |  |  | (188,458) |
Gift card breakage | (4,175) |  |  | (4,317) |  |  | (10,305) |  |  | (11,438) |
Balance, end of the period | $ | 300,590 |  |  | $ | 304,942 |  |  | $ | 300,590 |  |  | $ | 304,942 |

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