Quarterly report pursuant to Section 13 or 15(d)

Contract Liabilities (Tables)

v3.23.2
Contract Liabilities (Tables)
 6 Months Ended
Jul. 03, 2023
Revenue from Contract with Customer [Abstract]  
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable
A roll forward of contract liabilities included of which the current portion is included in other current liabilities and other noncurrent liabilities on our consolidated balance sheet is as follows:

Six Months Ended
(in thousands) July 3, 2023   June 30, 2022
Balance, beginning of period $ 1,092  $2,577
Initial/Transfer franchise fees received 203  291 
Revenue recognized for stores open and transfers during period (100) (253)
Revenue recognized related to franchise agreement terminations (374) (433)
Other unearned revenue (recognized) received (39) — 
Balance, end of period $ 782  $2,182
Revenue recognized during the periods included in royalty and other fees on our consolidated statement of operations shown was as follows:

Quarter Ended Six Months Ended
(in thousands) July 3, 2023 June 30, 2022 July 3, 2023 June 30, 2022
Franchise Fees $ 380  $ 534  $ 513  $ 686