Quarterly report pursuant to Section 13 or 15(d)

Contract Liabilities (Tables)

v3.23.3
Contract Liabilities (Tables)
 9 Months Ended
Oct. 02, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable
A roll forward of contract liabilities is as follows:

Nine Months Ended
(in thousands) October 2, 2023   October 3, 2022
Balance, beginning of period $ 1,092  $ 2,577 
Initial/Transfer franchise fees received 193  321 
Revenue recognized for stores open and transfers during period (100) (242)
Revenue recognized related to franchise agreement terminations (374) (882)
Other unearned revenue (recognized) received (46) (70)
Balance, end of period $ 765  $ 1,704 
Revenue recognized during the periods included in royalty and other fees on our consolidated statement of operations shown was as follows:

Quarter Ended Nine Months Ended
October 2, 2023 October 3, 2022 October 2, 2023 October 3, 2022
Franchise Fees $ 7  $ 508  $ 520  $ 1,194