XML 74 R48.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Schedule of future minimum rental payments for operating leases | As of December 31, 2023, maturities of lease liabilities under existing operating leases are:
|  | Restaurant |  | Other |  | Total
2024 |  | $ | 149,121 |  |  | $ | 6,162 |  |  | $ | 155,283 |
2025 |  | 143,698 |  |  | 5,347 |  |  | 149,045 |
2026 |  | 137,788 |  |  | 4,549 |  |  | 142,337 |
2027 |  | 132,948 |  |  | 3,614 |  |  | 136,562 |
2028 |  | 127,169 |  |  | 1,572 |  |  | 128,741 |
Thereafter |  | 1,001,831 |  |  | 4,380 |  |  | 1,006,211 |
Total lease payments |  | $ | 1,692,555 |  |  | $ | 25,624 |  |  | $ | 1,718,179 |
Lease discount |  |  |  |  |  | (771,565) |
Operating lease liability |  |  |  |  |  | $ | 946,614 |
Schedule of components of lease cost | The following table is a summary of the Company’s components of lease cost for fiscal years 2023, 2022 and 2021:
Lease Expense | Statements of Income Location |  | 2023 |  | 2022 | 2021
Operating lease expense - Minimum rentals: |  |  |  |  |
Company-operated restaurants |  | Occupancy and other operating expenses |  | $ | (131,613) |  |  | $ | (117,723) |  | $ | (94,254) |
Franchised restaurants |  | Franchised restaurants - occupancy expenses |  | (47,975) |  |  | (44,656) |  | (29,969) |
General and administrative |  | General and administrative expenses |  | (8,472) |  |  | (6,746) |  | (6,590) |
Subtotal |  |  |  | (188,060) |  |  | (169,125) |  | (130,813) |
Variable lease expense - Contingent rentals based on sales: |  |  |  |  |
Company-operated restaurants |  | Occupancy and other operating expenses |  | (46,861) |  |  | (36,322) |  | (27,262) |
Franchised restaurants |  | Franchised restaurants - occupancy expenses |  | (15,603) |  |  | (10,810) |  | (9,505) |
Subtotal |  |  |  | (62,464) |  |  | (47,132) |  | (36,767) |
Total lease expense |  |  | $ | (250,524) |  |  | $ | (216,257) |  | $ | (167,580) |
Other information |  |  | 2023
Weighted-average remaining lease term (years) |  |
Operating leases |  |  |  | 7
Weighted-average discount rate |  |
Operating leases |  |  |  | 6.5%

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration