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Franchise arrangements (Tables) | 12 Months Ended
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Dec. 31, 2018
Franchise Arrangements [Line Items] |
Schedule of Revenues From Franchised Restaurants | Revenues from franchised restaurants for fiscal years 2018, 2017 and 2016 consisted of:
|  | 2018 |  | 2017 |  | 2016
Rent |  | $ | 148,094 |  |  | $ | 155,405 |  |  | $ | 123,311 |
Initial fees (i) (ii) |  | 195 |  |  | 1,205 |  |  | 1,386 |
Royalty fees (iii) |  | 673 |  |  | 659 |  |  | 599 |
Total |  | $ | 148,962 |  |  | $ | 157,269 |  |  | $ | 125,296 |
(i) | Presented net of initial fees paid to McDonald’s Corporation for $1,323, $1,417 and $1,588 in 2018, 2017 and 2016, respectively.
(ii) | On January 1, 2018, the Company adopted ASC 606 “Revenue Recognition - Revenue from Contracts with Customers”. As such, initial franchise fees received are deferred over the term of the franchise agreement. See Note 3 Revenue Recognition, for details.
(iii) | Presented net of royalties fees paid to McDonald’s Corporation for $57,733, $64,806 and $50,839 in 2018, 2017 and 2016, respectively.
Schedule of Future Minimum Rental Payments for Operating Leases | At December 31, 2018, future minimum payments required under existing operating leases with initial terms of one year or more are:
|  | Restaurant |  | Other |  | Total (i)
2019 |  | $ | 137,049 |  |  | $ | 6,427 |  |  | $ | 143,476 |
2020 |  | 122,163 |  |  | 6,090 |  |  | 128,253 |
2021 |  | 106,503 |  |  | 4,685 |  |  | 111,188 |
2022 |  | 91,112 |  |  | 2,335 |  |  | 93,447 |
2023 |  | 77,830 |  |  | 2,206 |  |  | 80,036 |
Thereafter |  | 409,694 |  |  | 9,771 |  |  | 419,465 |
Total minimum payment |  | $ | 944,351 |  |  | $ | 31,514 |  |  | $ | 975,865 |
(i) For sites that have lease escalations tied to an index, future minimum payments reflect the current index adjustments through December 31, 2018. In addition, future minimum payments exclude renewal options provided by government’s regulation that have not yet been exercised.
Rent Payments Due To Company |
Franchise Arrangements [Line Items] |
Schedule of Future Minimum Rental Payments for Operating Leases | At December 31, 2018, future minimum rent payments due to the Company under existing franchised agreements are:
|  | Owned sites |  | Leased sites |  | Total
2019 |  | $ | 5,965 |  |  | $ | 60,578 |  |  | $ | 66,543 |
2020 |  | 5,503 |  |  | 57,009 |  |  | 62,512 |
2021 |  | 4,952 |  |  | 51,809 |  |  | 56,761 |
2022 |  | 4,254 |  |  | 45,335 |  |  | 49,589 |
2023 |  | 3,552 |  |  | 37,394 |  |  | 40,946 |
Thereafter |  | 15,356 |  |  | 155,948 |  |  | 171,304 |
Total |  | $ | 39,582 |  |  | $ | 408,073 |  |  | $ | 447,655 |

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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 + Details
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