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REVENUE RECOGNITION | 6 Months Ended
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Dec. 25, 2019
Revenue Recognition [Abstract] |
Revenue Recognition | Deferred Development and Franchise Fees Our deferred development and franchise fees consist of the unrecognized fees received from franchisees. Recognition of these fees in subsequent periods is based on satisfaction of the contractual performance obligations of the active contracts with franchisees. We also expect to earn subsequent period royalties and advertising fees related to our franchise contracts; however, these future revenues are not yet determinable due to unsatisfied performance obligations based upon a sales-based measure. The unrecognized fees received from franchisees are classified within Other accrued liabilities (current portion) and Other liabilities (long-term portion) in the Consolidated Balance Sheets (Unaudited). A summary of significant changes to the related deferred balance during the twenty-six week period ended December 25, 2019 is presented below, followed by the revenues expected to be recognized in the subsequent periods based on current information.
| Deferred Development and Franchise Fees
Balance at June 26, 2019 | $ | 16.2 |
Additions | 0.5 |
Amount recognized for Chili’s restaurant acquisition(1) | (2.6 | )
Amount recognized to Franchise and other revenues | (0.8 | )
Balance at December 25, 2019 | $ | 13.3 |
(1) | Deferred development and franchise fees remaining balances associated with the 116 Chili’s restaurants acquired from a franchisee at the September 5, 2019 acquisition date were recognized in Other (gains) and charges in the Consolidated Statements of Comprehensive Income (Unaudited).
Fiscal Year | Development and Franchise Fees Revenue Recognition
Remainder of 2020 | $ | 0.6 |
2021 | 1.1 |
2022 | 1.0 |
2023 | 1.0 |
2024 | 1.0 |
Thereafter | 8.6 |
| $ | 13.3 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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- References No definition available. + Details
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