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Franchise arrangements (Tables) | 12 Months Ended
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Dec. 31, 2023
Franchise Arrangements [Abstract] |
Schedule of revenues from franchised restaurants | Revenues from franchised restaurants for fiscal years 2023, 2022 and 2021 consisted of:
|  | 2023 |  | 2022 |  | 2021
Rent (i) |  | $ | 193,518 |  |  | $ | 160,795 |  |  | $ | 115,418 |
Initial fees (ii) |  | 417 |  |  | 401 |  |  | 321 |
Royalty fees (iii) |  | 268 |  |  | 215 |  |  | 295 |
Total |  | $ | 194,203 |  |  | $ | 161,411 |  |  | $ | 116,034 |
(i)Includes rental income of own buildings and subleases. As of December 31, 2023, 2022 and 2021 the subleases rental income amounted to $154,087, $132,327 and $97,756, respectively. (ii)Presented net of initial fees owed to McDonald’s Corporation for $963, $1,012 and $739 in 2023, 2022 and 2021, respectively. (iii)Presented net of royalties fees owed to McDonald’s Corporation for $71,667, $62,360 and $46,476 in 2023, 2022 and 2021, respectively.
Schedule of future minimum rental payments for operating leases | As of December 31, 2023, future minimum rent payments due to the Company under existing franchised agreements are:
|  | Owned sites |  | Leased sites |  | Total
2024 |  | $ | 6,574 |  |  | $ | 63,690 |  |  | $ | 70,264 |
2025 |  | 5,061 |  |  | 57,963 |  |  | 63,024 |
2026 |  | 5,092 |  |  | 52,920 |  |  | 58,012 |
2027 |  | 4,953 |  |  | 47,366 |  |  | 52,319 |
2028 |  | 4,178 |  |  | 41,453 |  |  | 45,631 |
Thereafter |  | 34,976 |  |  | 193,969 |  |  | 228,945 |
Total |  | $ | 60,834 |  |  | $ | 457,361 |  |  | $ | 518,195 |

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479773/842-30-50-12 + Details
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