REVENUE AND CONTRACT LIABILITY |
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| REVENUE AND CONTRACT LIABILITY | 14. REVENUE AND CONTRACT LIABILITY Unearned Revenue The following table provides information about unearned revenue from contracts with customers, including significant changes in unearned revenue balances during the periods presented (in thousands):
The Company's total unearned revenue related to outstanding loyalty program rewards was $4.7 million and $4.1 million at June 30, 2026 and December 31, 2025, respectively. Breakage income related to loyalty program rewards and gift cards is recognized in Net revenue in the consolidated statements of operations. Breakage recognized in revenue was $0.8 million and $1.1 million for the three months ended June 30, 2026 and 2025, respectively and $1.6 million and $7.7 million for the six months ended June 30, 2026 and 2025, respectively. The timing of revenue recognition of these reward dollars is driven by actual customer activities, such as redemptions and expirations. At June 30, 2026 and December 31, 2025, the Company had an additional $2.3 million and $2.4 million, respectively, of unearned contract revenue classified within Other long-term liabilities on the consolidated balance sheets. Sales returns allowance The following table provides additions to and deductions from the sales returns allowance, which is included in the Accrued liabilities balance in the consolidated balance sheets (in thousands):
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