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Franchise arrangements (Tables)
 12 Months Ended
Dec. 31, 2019
Franchise Arrangements [Abstract]  
Schedule of revenues from franchised restaurants
Revenues from franchised restaurants for fiscal years 2019, 2018 and 2017 consisted of:

 
 
2019
 
2018
 
2017
Rent (i)
 
$
145,860

 
$
148,094

 
$
155,405

Initial fees (ii) (iii)
 
287

 
195

 
1,205

Royalty fees (iv)
 
643

 
673

 
659

Total
 
$
146,790

 
$
148,962

 
$
157,269


(i)
Includes rental income of own buildings and subleases. As of December 31, 2019 the subleases rental income amounted to $114,459.
(ii)
Presented net of initial fees paid to McDonald’s Corporation for $1,456, $1,323 and $1,417 in 2019, 2018 and 2017, respectively.
(iii)
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.
(iv)
Presented net of royalties fees paid to McDonald’s Corporation for $57,709, $57,733 and $64,806 in 2019, 2018 and 2017, respectively.
Schedule of future minimum rental payments for operating leases
At December 31, 2019, future minimum rent payments due to the Company under existing franchised agreements are:

 
 
Owned sites
 
Leased sites
 
Total
2020
 
$
4,063

 
$
59,424

 
$
63,487

2021
 
3,220

 
54,161

 
57,381

2022
 
2,391

 
48,699

 
51,090

2023
 
2,154

 
41,998

 
44,152

2024
 
2,048

 
35,618

 
37,666

Thereafter
 
9,938

 
173,639

 
183,577

Total
 
$
23,814

 
$
413,539

 
$
437,353