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Revenue Recognition (Tables)
6 Months Ended
Jul. 02, 2024
Revenue from Contract with Customer [Abstract]  
Gift Card Liability and Loyalty Program Included in Accrued Expenses on Consolidated Balance Sheets

The liability related to our gift card and loyalty program, included in “Accrued expenses” on our Consolidated Balance Sheets is as follows (in thousands):

 

 

 

July 2, 2024

 

 

January 2, 2024

 

Gift card liability

 

$

10,285

 

 

$

14,380

 

Deferred loyalty revenue

 

$

2,771

 

 

$

2,510

 

Revenue Recognized for Redemption of Gift Cards and Loyalty Rewards Deferred

Revenue recognized for the redemption of gift cards and loyalty rewards deferred at the beginning of each respective fiscal year is as follows (in thousands):

 

 

 

For the Thirteen Weeks Ended

 

 

For the Twenty-Six Weeks Ended

 

 

 

July 2, 2024

 

 

July 4, 2023

 

 

July 2, 2024

 

 

July 4, 2023

 

Revenue recognized from gift card liability

 

$

2,039

 

 

$

2,186

 

 

$

7,903

 

 

$

8,430

 

Revenue recognized from guest loyalty program

 

$

996

 

 

$

1,227

 

 

$

5,313

 

 

$

5,309