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Contract Liabilities: (Tables)
6 Months Ended
Jun. 29, 2019
Contract Liabilities:  
Schedule of activity of current and noncurrent deferred franchise revenue

 

 

 

 

 

 

 

 

    

June 29, 2019

    

June 30, 2018

Balance at beginning of period

 

$

10,177,300

 

$

10,310,200

Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period

 

 

598,400

 

 

964,700

Fees earned that were included in the balance at the beginning of the period

 

 

(956,300)

 

 

(933,200)

Balance at end of period

 

$

9,819,400

 

$

10,341,700

 

Schedule of future estimated revenue to be recognized related to performance obligations

 

 

 

 

Contract Liabilities expected to be recognized in

 

Amount

2019

 

$

849,700

2020

 

 

1,657,800

2021

 

 

1,519,000

2022

 

 

1,374,100

2023

 

 

1,202,800

Thereafter

 

 

3,216,000

 

 

$

9,819,400