XML 42 R26.htm IDEA: XBRL DOCUMENT
v3.24.3

Revenue Recognition (Tables) | 9 Months Ended
--- | ---
Sep. 29, 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
| SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |
Outback Steakhouse | $ | 518,152 |  |  | $ | 7,542 |  |  | $ | 526,960 |  |  | $ | 7,517 |
Carrabba’s Italian Grill | 159,840 |  |  | 635 |  |  | 165,742 |  |  | 704 |
Bonefish Grill | 118,941 |  |  | 97 |  |  | 128,425 |  |  | 87 |
Fleming’s Prime Steakhouse & Wine Bar | 78,424 |  |  | — |  |  | 76,919 |  |  | — |
Other | 1,695 |  |  | 30 |  |  | 3,092 |  |  | 16 |
U.S. total | 877,052 |  |  | 8,304 |  |  | 901,138 |  |  | 8,324 |
International |  |  |  |  |  |  |
Outback Steakhouse - Brazil | 127,175 |  |  | — |  |  | 138,187 |  |  | — |
Other (1) | 20,863 |  |  | 3,331 |  |  | 25,088 |  |  | 3,496 |
International total | 148,038 |  |  | 3,331 |  |  | 163,275 |  |  | 3,496 |
Total | $ | 1,025,090 |  |  | $ | 11,635 |  |  | $ | 1,064,413 |  |  | $ | 11,820 |
| THIRTY-NINE WEEKS ENDED
| SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |
Outback Steakhouse | $ | 1,684,669 |  |  | $ | 23,938 |  |  | $ | 1,732,132 |  |  | $ | 24,280 |
Carrabba’s Italian Grill | 518,845 |  |  | 2,123 |  |  | 530,450 |  |  | 2,257 |
Bonefish Grill | 397,723 |  |  | 385 |  |  | 429,572 |  |  | 353 |
Fleming’s Prime Steakhouse & Wine Bar | 262,976 |  |  | — |  |  | 272,543 |  |  | — |
Other | 5,823 |  |  | 86 |  |  | 10,448 |  |  | 41 |
U.S. total | 2,870,036 |  |  | 26,532 |  |  | 2,975,145 |  |  | 26,931 |
International |  |  |  |  |  |  |
Outback Steakhouse - Brazil | 370,369 |  |  | — |  |  | 379,498 |  |  | — |
Other (1) | 67,737 |  |  | 10,029 |  |  | 75,334 |  |  | 10,980 |
International total | 438,106 |  |  | 10,029 |  |  | 454,832 |  |  | 10,980 |
Total | $ | 3,308,142 |  |  | $ | 36,561 |  |  | $ | 3,429,977 |  |  | $ | 37,911 |
________________ (1)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) | SEPTEMBER 29, 2024 |  | DECEMBER 31, 2023 |  |  |  |
Other current assets, net |  |  |  |  |  |  |  |  |
Deferred gift card sales commissions | $ | 11,137 |  |  | $ | 18,081 |  |  |  |  |  |  |
Unearned revenue |  |  |  |  |  |  |  |  |
Deferred gift card revenue | $ | 283,810 |  |  | $ | 374,274 |  |  |  |  |  |  |
Deferred loyalty revenue | 6,633 |  |  | 5,664 |  |  |  |  |  |  |
Deferred franchise fees - current | 491 |  |  | 473 |  |  |  |  |  |  |
Other | 2,563 |  |  | 1,466 |  |  |  |  |  |  |
Total Unearned revenue | $ | 293,497 |  |  | $ | 381,877 |  |  |  |  |  |  |
Other long-term liabilities, net |  |  |  |  |  |  |  |  |
Deferred franchise fees - non-current | $ | 3,939 |  |  | $ | 4,036 |  |  |  |  |  |  |
The following table is a rollforward of deferred gift card sales commissions for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023
Balance, beginning of the period | $ | 12,650 |  |  | $ | 12,694 |  |  | $ | 18,081 |  |  | $ | 17,755 |
Deferred gift card sales commissions amortization | (4,494) |  |  | (4,711) |  |  | (17,155) |  |  | (17,891) |
Deferred gift card sales commissions capitalization | 3,570 |  |  | 3,766 |  |  | 12,426 |  |  | 13,509 |
Other | (589) |  |  | (608) |  |  | (2,215) |  |  | (2,232) |
Balance, end of the period | $ | 11,137 |  |  | $ | 11,141 |  |  | $ | 11,137 |  |  | $ | 11,141 |
The following table is a rollforward of unearned gift card revenue for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023
Balance, beginning of the period | $ | 300,590 |  |  | $ | 304,942 |  |  | $ | 374,274 |  |  | $ | 386,495 |
Gift card sales | 42,541 |  |  | 44,374 |  |  | 148,486 |  |  | 162,717 |
Gift card redemptions | (55,733) |  |  | (60,412) |  |  | (225,057) |  |  | (248,870) |
Gift card breakage | (3,588) |  |  | (3,641) |  |  | (13,893) |  |  | (15,079) |
Balance, end of the period | $ | 283,810 |  |  | $ | 285,263 |  |  | $ | 283,810 |  |  | $ | 285,263 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAndDeferredRevenueAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration