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Contract Liabilities: (Tables)
9 Months Ended
Sep. 28, 2019
Contract Liabilities:  
Schedule of activity of current and noncurrent deferred franchise revenue

 

 

 

 

 

 

 

 

    

September 28, 2019

    

September 29, 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

 

 

979,700

 

 

1,354,500

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

 

 

(1,394,200)

 

 

(1,390,200)

Balance at end of period

 

$

9,762,800

 

$

10,274,500

 

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

 

 

 

 

Contract Liabilities expected to be recognized in

 

Amount

2019

 

$

433,200

2020

 

 

1,693,100

2021

 

 

1,554,300

2022

 

 

1,409,400

2023

 

 

1,238,100

Thereafter

 

 

3,434,700

 

 

$

9,762,800