XML 45 R20.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Allowance For Credit Losses | 12 Months Ended
--- | ---
Dec. 29, 2024
Credit Loss [Abstract] |
Allowance for Credit Losses | 10. Allowance for Credit Losses Estimates of expected credit losses, even if remote, are based upon historical account write-off trends, facts about the current financial condition of the debtor, forecasts of future operating results based upon current trends of select operating metrics, and macroeconomic factors. Credit quality is monitored through the timing of payments compared to the prescribed payment terms and known facts regarding the financial condition of the franchisee or customer. Account and note balances are charged off against the allowance after recovery efforts have ceased. The following table summarizes changes in our allowances for credit losses for accounts receivable and notes receivable:
(In thousands) |  | Accounts Receivable |  | Notes Receivable |  |
Balance at December 25, 2022 |  | $ | 6,718 |  |  | $ | 14,499 |  |  |
Current period provision for expected credit losses, net (a) |  | 3,609 |  |  | 1,784 |  |  |
Write-offs charged against the allowance |  | (1,974) |  |  | (191) |  |  |
Balance at December 31, 2023 |  | $ | 8,353 |  |  | $ | 16,092 |  |  |
Current period provision for expected credit losses, net (b) |  | 1,613 |  |  | 1,124 |  |  |
Write-offs charged against the allowance |  | (1,498) |  |  | (1,978) |  |  |
Balance at December 29, 2024 |  | $ | 8,468 |  |  | $ | 15,238 |  |  |
______________________________ (a) During the year ended December 31, 2023, the Company recorded $1.7 million of reserves for certain accounts receivable and notes receivable associated with the termination of a specific franchisee in the United Kingdom and $0.9 million of reserves for certain accounts receivable related to the conflict in the Middle East. (b) During the year ended December 29, 2024, the Company recorded $1.7 million of reserves for certain notes receivable associated with the termination of specific franchisees in the United Kingdom as part of our International Transformation Plan. See “Note 16. Restructuring” for further information.

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org/310/tableOfContent + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CreditLossAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration