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Revenue Recognition | 12 Months Ended
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Dec. 29, 2024
Revenue Recognition and Deferred Revenue [Abstract] |
Revenue Recognition | Revenue Recognition The following table includes the disaggregation of Restaurant sales and franchise revenues by restaurant concept and segment for the periods indicated:
| FISCAL YEAR
| 2024 |  | 2023 |  | 2022
(dollars in thousands) | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES |  | RESTAURANT SALES |  | FRANCHISE REVENUES
U.S. |  |  |  |  |  |  |  |  |  |  |
Outback Steakhouse | $ | 2,219,812 |  |  | $ | 31,253 |  |  | $ | 2,316,449 |  |  | $ | 32,289 |  |  | $ | 2,240,432 |  |  | $ | 31,418 |
Carrabba’s Italian Grill | 693,421 |  |  | 2,771 |  |  | 721,946 |  |  | 3,036 |  |  | 676,467 |  |  | 2,938 |
Bonefish Grill | 523,634 |  |  | 479 |  |  | 570,578 |  |  | 505 |  |  | 559,583 |  |  | 662 |
Fleming’s Prime Steakhouse & Wine Bar | 368,663 |  |  | — |  |  | 382,729 |  |  | — |  |  | 374,388 |  |  | — |
Other | 7,074 |  |  | 120 |  |  | 13,351 |  |  | 78 |  |  | 12,146 |  |  | 49 |
U.S. total | 3,812,604 |  |  | 34,623 |  |  | 4,005,053 |  |  | 35,908 |  |  | 3,863,016 |  |  | 35,067 |
International Franchise (1) | — |  |  | 39,490 |  |  | — |  |  | 41,524 |  |  | — |  |  | 36,202 |
Other (2) | 53,740 |  |  | — |  |  | 72,736 |  |  | — |  |  | 60,878 |  |  | — |
Total | $ | 3,866,344 |  |  | $ | 74,113 |  |  | $ | 4,077,789 |  |  | $ | 77,432 |  |  | $ | 3,923,894 |  |  | $ | 71,269 |
____________________ (1)Includes revenues from franchised restaurants and intercompany royalties from Brazil. (2)Includes Restaurant sales for Company-owned restaurants in Hong Kong and China. 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) | DECEMBER 29, 2024 |  | DECEMBER 31, 2023 |  |  |  |  |  |
Other current assets, net |  |  |  |  |  |  |  |  |
Deferred gift card sales commissions | $ | 16,935 |  |  | $ | 18,081 |  |  |  |  |  |  |
Unearned revenue |  |  |  |  |  |  |  |  |
Deferred gift card revenue | $ | 366,059 |  |  | $ | 372,551 |  |  |  |  |  |  |
Deferred loyalty revenue | 6,073 |  |  | 5,664 |  |  |  |  |  |  |
Deferred franchise fees - current | 490 |  |  | 473 |  |  |  |  |  |  |
Other | 1,477 |  |  | 1,466 |  |  |  |  |  |  |
Total Unearned revenue | $ | 374,099 |  |  | $ | 380,154 |  |  |  |  |  |  |
Other long-term liabilities, net |  |  |  |  |  |  |  |  |
Deferred franchise fees - non-current | $ | 3,901 |  |  | $ | 4,036 |  |  |  |  |  |  |
The following table is a rollforward of deferred gift card sales commissions for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2024 |  | 2023 |  | 2022 |  |
Balance, beginning of the period | $ | 18,081 |  |  | $ | 17,755 |  |  | $ | 17,793 |  |  |
Deferred gift card sales commissions amortization | (22,559) |  |  | (23,695) |  |  | (24,091) |  |  |
Deferred gift card sales commissions capitalization | 24,052 |  |  | 26,706 |  |  | 26,743 |  |  |
Other | (2,639) |  |  | (2,685) |  |  | (2,690) |  |  |
Balance, end of the period | $ | 16,935 |  |  | $ | 18,081 |  |  | $ | 17,755 |  |  |
The following table is a rollforward of unearned gift card revenue for the periods indicated:
| FISCAL YEAR
(dollars in thousands) | 2024 |  | 2023 |  | 2022 |  |
Balance, beginning of the period | $ | 372,551 |  |  | $ | 385,444 |  |  | $ | 387,339 |  |  |
Gift card sales | 290,481 |  |  | 322,291 |  |  | 322,288 |  |  |
Gift card redemptions | (279,810) |  |  | (316,139) |  |  | (306,427) |  |  |
Gift card breakage | (17,163) |  |  | (19,045) |  |  | (17,756) |  |  |
Balance, end of the period | $ | 366,059 |  |  | $ | 372,551 |  |  | $ | 385,444 |  |  |
Franchisee Deferred Payment Agreement - Effective December 31, 2023, the Company entered into an Amended & Restated Holistic Resolution Agreement (the “2023 Resolution Agreement”) with Cerca Trova Southwest Restaurant Group, LLC (d/b/a Out West Restaurant Group) and certain of its affiliates (collectively, “Out West”), who currently operate 75 franchised Outback Steakhouse restaurants in the western United States, primarily in California. The 2023 Resolution Agreement ends on December 27, 2026 or upon the earlier occurrence of certain specified events, including the sale of all or substantially all of the assets or equity of Out West, bankruptcy or a liquidation event. The 2023 Resolution Agreement includes agreements between Out West and its lenders prioritizing rents, royalties, national advertising fees and local marketing expenditures, and provides a mechanism to settle its obligations with its lenders and provide for capital expenditures, within certain limitations.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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