Quarterly report pursuant to Section 13 or 15(d)

Contract Liabilities (Tables)

v3.23.1
Contract Liabilities (Tables)
3 Months Ended
Apr. 03, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable
A roll forward of unearned revenue is as follows:

(in thousands) Quarter Ended
 April 3, 2023
  Quarter Ended
March 31, 2022
Balance, beginning of period $ 1,092  $ 2,577 
Initial/Transfer franchise fees received 156  143 
Revenue recognized for stores open and transfers during period (68) (49)
Revenue recognized related to franchise agreement terminations (41) (75)
Other unearned revenue (recognized) received (24) (28)
Balance, end of period $ 1,115  $ 2,568 
Revenue recognized during the quarters ended was as follows:

(in thousands) Quarter Ended
 April 3, 2023
Quarter Ended
 March 31, 2022
Franchise Fees $ 133  $ 152