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Revenue (Notes) | 9 Months Ended
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Sep. 27, 2020
Revenue [Abstract] |
Revenue from Contract with Customer | Revenue Disaggregation of Revenue The following tables disaggregate revenue by segment and source:
| Wendy’s U.S. |  | Wendy’s International |  | Global Real Estate & Development |  | Total
Three Months Ended September 27, 2020 |  |  |  |  |  |  |
Sales at Company-operated restaurants | $ | 191,946 |  |  | $ | — |  |  | $ | — |  |  | $ | 191,946 |
Franchise royalty revenue | 98,128 |  |  | 11,216 |  |  | — |  |  | 109,344 |
Franchise fees | 5,651 |  |  | 463 |  |  | 1,362 |  |  | 7,476 |
Franchise rental income | — |  |  | — |  |  | 58,721 |  |  | 58,721 |
Advertising funds revenue | 79,170 |  |  | 5,585 |  |  | — |  |  | 84,755 |
Total revenues | $ | 374,895 |  |  | $ | 17,264 |  |  | $ | 60,083 |  |  | $ | 452,242 |
Nine Months Ended September 27, 2020 |  |  |  |  |  |  |
Sales at Company-operated restaurants | $ | 522,961 |  |  | $ | — |  |  | $ | — |  |  | $ | 522,961 |
Franchise royalty revenue | 271,082 |  |  | 30,809 |  |  | — |  |  | 301,891 |
Franchise fees | 16,244 |  |  | 1,369 |  |  | 2,141 |  |  | 19,754 |
Franchise rental income | — |  |  | — |  |  | 173,434 |  |  | 173,434 |
Advertising funds revenue | 226,907 |  |  | 14,561 |  |  | — |  |  | 241,468 |
Total revenues | $ | 1,037,194 |  |  | $ | 46,739 |  |  | $ | 175,575 |  |  | $ | 1,259,508 |
Three Months Ended September 29, 2019 |  |  |  |  |  |  |
Sales at Company-operated restaurants | $ | 181,977 |  |  | $ | — |  |  | $ | — |  |  | $ | 181,977 |
Franchise royalty revenue | 90,791 |  |  | 11,476 |  |  | — |  |  | 102,267 |
Franchise fees | 5,199 |  |  | 1,011 |  |  | 678 |  |  | 6,888 |
Franchise rental income | — |  |  | — |  |  | 59,918 |  |  | 59,918 |
Advertising funds revenue | 81,386 |  |  | 5,444 |  |  | — |  |  | 86,830 |
Total revenues | $ | 359,353 |  |  | $ | 17,931 |  |  | $ | 60,596 |  |  | $ | 437,880 |
| Wendy’s U.S. |  | Wendy’s International |  | Global Real Estate & Development |  | Total
Nine Months Ended September 29, 2019 |  |  |  |  |  |  |
Sales at Company-operated restaurants | $ | 530,724 |  |  | $ | — |  |  | $ | — |  |  | $ | 530,724 |
Franchise royalty revenue | 266,599 |  |  | 33,332 |  |  | — |  |  | 299,931 |
Franchise fees | 15,867 |  |  | 2,508 |  |  | 1,927 |  |  | 20,302 |
Franchise rental income | — |  |  | — |  |  | 176,931 |  |  | 176,931 |
Advertising funds revenue | 238,804 |  |  | 15,119 |  |  | — |  |  | 253,923 |
Total revenues | $ | 1,051,994 |  |  | $ | 50,959 |  |  | $ | 178,858 |  |  | $ | 1,281,811 |
Contract Balances The following table provides information about receivables and contract liabilities (deferred franchise fees) from contracts with customers:
| September 27, 2020 (a) |  | December 29, 2019 (a)
Receivables, which are included in “Accounts and notes receivable, net” (b) | $ | 44,637 |  |  | $ | 39,188 |
Receivables, which are included in “Advertising funds restricted assets” | 55,682 |  |  | 54,394 |
Deferred franchise fees (c) | 98,045 |  |  | 100,689 |
_______________ (a)Excludes funds collected from the sale of gift cards, which are primarily reimbursed to franchisees upon redemption at franchised restaurants and do not ultimately result in the recognition of revenue in the Company’s condensed consolidated statements of operations. (b)Includes receivables related to “Sales” and “Franchise royalty revenue and fees.” (c)Deferred franchise fees are included in “Accrued expenses and other current liabilities” and “Deferred franchise fees” and totaled $9,211 and $88,834 as of September 27, 2020, respectively, and $8,899 and $91,790 as of December 29, 2019, respectively. Significant changes in deferred franchise fees are as follows:
| Nine Months Ended
| September 27, 2020 |  | September 29, 2019
Deferred franchise fees at beginning of period | $ | 100,689 |  |  | $ | 102,205 |
Revenue recognized during the period | (6,286) |  |  | (6,635) |
New deferrals due to cash received and other | 3,642 |  |  | 5,181 |
Deferred franchise fees at end of period | $ | 98,045 |  |  | $ | 100,751 |
Anticipated Future Recognition of Deferred Franchise Fees The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period:
Estimate for fiscal year: |
2020 (a) | $ | 4,563 |
2021 | 6,231 |
2022 | 6,041 |
2023 | 5,871 |
2024 | 5,672 |
Thereafter | 69,667 |
| $ | 98,045 |
_______________ (a)Represents franchise fees expected to be recognized for the remainder of 2020, which includes development-related franchise fees expected to be recognized over a duration of one year or less.

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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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- Definition Revenue [Abstract] + References No definition available. + Details
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