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Note D - Revenues
 9 Months Ended
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.