REVENUE (Notes)

12 Months Ended

Dec. 30, 2020

Revenue from Contract with Customer [Abstract]

REVENUE

REVENUE

Revenue Recognition

Revenue recognized during fiscal 2020, fiscal 2019 and fiscal 2018 disaggregated by type is as follows:

	2020		2019		2018
Shack sales	$	506,339	$	574,625	$	445,589
Licensing revenue:
Sales-based royalties	15,773		19,318		13,422
Initial territory and opening fees	755		576		299
Total revenue	$	522,867	$	594,519	$	459,310

The aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of December 30, 2020 is $16,937. We expect to recognize this amount as revenue over a long-term period, as the license term for each Shack ranges from 5 to 20 years. This amount excludes any variable consideration related to sales-based royalties.

Contract Balances

Opening and closing balances of contract liabilities and receivables from contracts with customers is as follows:

	December 30 2020		December 25 2019
Shack sales receivables	$	5,373	$	4,265
Licensing receivables, net of allowance for doubtful accounts	2,647		4,510
Gift card liability	2,637		2,258
Deferred revenue, current	608		511
Deferred revenue, long-term	12,151		11,310

Revenue recognized during fiscal 2020 and fiscal 2019 that was included in their respective liability balances at the beginning of the period is as follows:

	2020		2019
Gift card liability	$	537	$	524
Deferred revenue	723		536