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Note D - Revenues | 9 Months Ended
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Dec. 27, 2020
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | NOTE D – REVENUES The Company’s disaggregated revenues for the thirteen and thirty-nine weeks ended December 27, 2020 and December 29, 2019 are as follows (in thousands):
|  | Thirteen weeks ended |  |  | Thirty-nine weeks ended |
|  | December 27, 2020 |  |  | December 29, 2019 |  |  | December 27, 2020 |  |  | December 29, 2019 |
Branded Products |  | $ | 10,003 |  |  | $ | 13,694 |  |  | $ | 24,450 |  |  | $ | 45,989 |
Company-operated restaurants |  |  | 1,319 |  |  |  | 1,662 |  |  |  | 6,247 |  |  |  | 11,710 |
Total sales |  |  | 11,322 |  |  |  | 15,356 |  |  |  | 30,697 |  |  |  | 57,699 |
License royalties |  |  | 5,898 |  |  |  | 4,412 |  |  |  | 24,689 |  |  |  | 18,559 |
Franchise royalties |  |  | 361 |  |  |  | 802 |  |  |  | 880 |  |  |  | 2,829 |
Franchise fees |  |  | 59 |  |  |  | 233 |  |  |  | 207 |  |  |  | 781 |
Total franchise fees and royalties |  |  | 420 |  |  |  | 1,035 |  |  |  | 1,087 |  |  |  | 3,610 |
Advertising fund revenue |  |  | 390 |  |  |  | 573 |  |  |  | 1,082 |  |  |  | 1,752 |
Total revenues |  | $ | 18,030 |  |  | $ | 21,376 |  |  | $ | 57,555 |  |  | $ | 81,620 |
The following table disaggregates revenues by primary geographical market (in thousands):
|  | Thirteen weeks ended |  |  | Thirty-nine weeks ended |
|  | December 27, 2020 |  |  | December 29, 2019 |  |  | December 27, 2020 |  |  | December 29, 2019 |
United States |  | $ | 17,810 |  |  | $ | 20,308 |  |  | $ | 56,723 |  |  | $ | 77,930 |
International |  |  | 220 |  |  |  | 1,068 |  |  |  | 832 |  |  |  | 3,690 |
Total revenues |  | $ | 18,030 |  |  | $ | 21,376 |  |  | $ | 57,555 |  |  | $ | 81,620 |
Contract balances The following table provides information about contract liabilities (Deferred franchise fees) from contracts with customers (in thousands):
|  | December 27, 2020 |  |  | March 29, 2020 |
Deferred franchise fees (a) |  | $ | 1,780 |  |  | $ | 1,917 |
| (a) | Deferred franchise fees of $227,000 and $1,553,000 as of December 27, 2020 and $230,000 and $1,687,000 as of March 29, 2020 are included in Deferred franchise fees – current and long term, respectively.
Significant changes in Deferred franchise fees are as follows (in thousands):
|  | Thirty-nine weeks ended |
|  | December 27, 2020 |  |  | December 29, 2019 |
Deferred franchise fees at beginning of period |  | $ | 1,917 |  |  | $ | 3,005 |
Revenue recognized during the period |  |  | (207 | ) |  |  | (781 | )
New deferrals due to cash received and other |  |  | 70 |  |  |  | 90 |
Deferred franchise fees at end of period |  | $ | 1,780 |  |  | $ | 2,314 |
Anticipated Future Recognition of Deferred Franchise Fees The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period (in thousands):
|  | Estimate for fiscal year |
2021 (a) |  | $ | 58 |
2022 |  |  | 223 |
2023 |  |  | 200 |
2024 |  |  | 188 |
2025 |  |  | 181 |
Thereafter |  |  | 930 |
Total |  | $ | 1,780 |
| (a) | Represents franchise fees expected to be recognized for the remainder of the 2021 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $207,000 of franchise fee revenue recognized for the thirty-nine weeks ended December 27, 2020.
We have applied the optional exemption, as provided for under Topic 606, which allows us not to disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.

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