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Revenue from Contracts with Customers
3 Months Ended
Apr. 01, 2023
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
The following table represents a disaggregation of revenue from contracts with customers for the thirteen weeks ended April 1, 2023 and March 26, 2022 (in thousands):
Thirteen Weeks Ended
April 1, 2023March 26, 2022
Royalty revenue$43,513 $32,204 
Advertising fees and related income37,463 22,539 
Franchise fees1,061 960 
Franchise fee, development fee, and international territory fee payments received by the Company are recorded as deferred revenue on the Consolidated Balance Sheets, which represents a contract liability. Deferred revenue is reduced as fees are recognized in revenue over the term of the franchise license for the respective restaurant. As the term of the franchise license is typically ten years, substantially all of the franchise fee revenue recognized in the thirteen weeks ended April 1, 2023 was included in the deferred revenue balance as of December 31, 2022. Approximately $8.4 million and $7.7 million of deferred revenue as of April 1, 2023 and December 31, 2022, respectively, relates to restaurants that have not yet opened, so the fees are not yet being amortized. The weighted average remaining amortization period for deferred franchise and renewal fees related to open restaurants is 7.1 years. The Company did not have any material contract assets as of April 1, 2023.