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Note D - Revenues | 6 Months Ended
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Sep. 26, 2021
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | NOTE D – REVENUES The Company’s disaggregated revenues for the thirteen and twenty-six weeks ended September 26, 2021 and September 27, 2020 are as follows (in thousands):
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | September 26, 2021 |  |  | September 27, 2020 |  |  | September 26, 2021 |  |  | September 27, 2020 |
Branded Products |  | $ | 19,063 |  |  | $ | 9,698 |  |  | $ | 35,059 |  |  | $ | 14,447 |
Company-operated restaurants |  |  | 4,437 |  |  |  | 2,994 |  |  |  | 7,766 |  |  |  | 4,928 |
Total sales |  |  | 23,500 |  |  |  | 12,692 |  |  |  | 42,825 |  |  |  | 19,375 |
License royalties |  |  | 7,658 |  |  |  | 8,268 |  |  |  | 18,340 |  |  |  | 18,791 |
Franchise royalties |  |  | 1,037 |  |  |  | 409 |  |  |  | 1,837 |  |  |  | 519 |
Franchise fees |  |  | 130 |  |  |  | 67 |  |  |  | 237 |  |  |  | 148 |
Total franchise fees and royalties |  |  | 1,167 |  |  |  | 476 |  |  |  | 2,074 |  |  |  | 667 |
Advertising fund revenue |  |  | 553 |  |  |  | 403 |  |  |  | 958 |  |  |  | 692 |
Total revenues |  | $ | 32,878 |  |  | $ | 21,839 |  |  | $ | 64,197 |  |  | $ | 39,525 |
The following table disaggregates revenues by primary geographical market (in thousands):
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | September 26, 2021 |  |  | September 27, 2020 |  |  | September 26, 2021 |  |  | September 27, 2020 |
United States |  | $ | 31,878 |  |  | $ | 21,501 |  |  | $ | 62,479 |  |  | $ | 38,913 |
International |  |  | 1,000 |  |  |  | 338 |  |  |  | 1,718 |  |  |  | 612 |
Total revenues |  | $ | 32,878 |  |  | $ | 21,839 |  |  | $ | 64,197 |  |  | $ | 39,525 |
Contract balances The following table provides information about contract receivables and liabilities (deferred franchise fees) from contracts with customers (in thousands):
|  | September 26, 2021 |  |  | March 28, 2021 |
Receivables, which are included in “Accounts and other receivables, net” (a) |  | $ | 250 |  |  | $ | - |
Deferred franchise fees (b) |  | $ | 2,119 |  |  | $ | 1,773 |
| (a) | Includes receivables related to “franchise fees and royalties”
| (b) | Deferred franchise fees of $351 and $1,768 as of September 26, 2021 and $237 and $1,536 as of March 28, 2021 are included in Deferred franchise fees – current and long term, respectively.
Significant changes in deferred franchise fees are as follows (in thousands):
|  | Twenty-six weeks ended |
|  | September 26, 2021 |  |  | September 27, 2020 |
Deferred franchise fees at beginning of period |  |  | 1,773 |  |  |  | 1,917 |
Additions to deferred revenue |  |  | 583 |  |  |  | 65 |
Revenue recognized during the period |  |  | (237 | ) |  |  | (148 | )
Deferred franchise fees at end of period |  | $ | 2,119 |  |  | $ | 1,834 |
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 |
2022 (a) |  | $ | 180 |
2023 |  |  | 322 |
2024 |  |  | 301 |
2025 |  |  | 285 |
2026 |  |  | 258 |
Thereafter |  |  | 773 |
Total |  | $ | 2,119 |
| (a) | Represents franchise fees expected to be recognized for the remainder of the 2022 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $237 of franchise fee revenue recognized for the twenty-six weeks ended September 26, 2021.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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