XML 19 R9.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Note C - Revenues | 6 Months Ended
--- | ---
Sep. 25, 2022
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | NOTE C – REVENUES The Company’s disaggregated revenues for the thirteen and twenty-six weeks ended September 25, 2022 and September 26, 2021 are as follows (in thousands):
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | September 25, 2022 |  |  | September 26, 2021 |  |  | September 25, 2022 |  |  | September 26, 2021 |
Branded Products |  | $ | 22,030 |  |  | $ | 19,063 |  |  | $ | 45,201 |  |  | $ | 35,059 |
Company-owned restaurants |  |  | 5,271 |  |  |  | 4,437 |  |  |  | 8,994 |  |  |  | 7,766 |
Total sales |  |  | 27,301 |  |  |  | 23,500 |  |  |  | 54,195 |  |  |  | 42,825 |
License royalties |  |  | 8,413 |  |  |  | 7,658 |  |  |  | 19,727 |  |  |  | 18,340 |
Franchise royalties |  |  | 1,055 |  |  |  | 1,037 |  |  |  | 1,956 |  |  |  | 1,837 |
Franchise fees |  |  | 144 |  |  |  | 130 |  |  |  | 336 |  |  |  | 237 |
Total franchise fees and royalties |  |  | 1,199 |  |  |  | 1,167 |  |  |  | 2,292 |  |  |  | 2,074 |
Advertising fund revenue |  |  | 584 |  |  |  | 553 |  |  |  | 1,003 |  |  |  | 958 |
Total revenues |  | $ | 37,497 |  |  | $ | 32,878 |  |  | $ | 77,217 |  |  | $ | 64,197 |
The following table disaggregates revenues by primary geographical market (in thousands):
|  | Thirteen weeks ended |  |  | Twenty-six weeks ended |
|  | September 25, 2022 |  |  | September 26, 2021 |  |  | September 25, 2022 |  |  | September 26, 2021 |
United States |  | $ | 36,095 |  |  | $ | 31,878 |  |  | $ | 74,012 |  |  | $ | 62,479 |
International |  |  | 1,402 |  |  |  | 1,000 |  |  |  | 3,205 |  |  |  | 1,718 |
Total revenues |  | $ | 37,497 |  |  | $ | 32,878 |  |  | $ | 77,217 |  |  | $ | 64,197 |
Contract balances The following table provides information about contract receivables and liabilities (deferred franchise fees) from contracts with customers (in thousands):
|  | September 25, 2022 |  |  | March 27, 2022 |
Receivables, which are included in “Accounts and other receivables, net” (a) |  | $ | - |  |  | $ | 312 |
Deferred franchise fees (b) |  | $ | 1,838 |  |  | $ | 2,097 |
| (a) | Includes receivables related to “franchise fees and royalties”
| (b) | Deferred franchise fees of $352 and $1,486 as of September 25, 2022 and $349 and $1,748 as of March 27, 2022 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 25, 2022 |  |  | September 26, 2021 |
Deferred franchise fees at beginning of period |  |  | 2,097 |  |  |  | 1,773 |
New deferrals due to cash received and other |  |  | 77 |  |  |  | 583 |
Revenue recognized during the period |  |  | (336 | ) |  |  | (237 | )
Deferred franchise fees at end of period |  | $ | 1,838 |  |  | $ | 2,119 |
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 |
2023 (a) |  | $ | 177 |
2024 |  |  | 344 |
2025 |  |  | 325 |
2026 |  |  | 291 |
2027 |  |  | 169 |
Thereafter |  |  | 532 |
Total |  | $ | 1,838 |
| (a) | Represents franchise fees expected to be recognized for the remainder of the 2023 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $336 of franchise fee revenue recognized for the twenty-six weeks ended September 25, 2022.
We have applied the optional exemption, as provided for under ASC Topic 606, Revenues from Contracts with Customers, which allows us to not disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.

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

X
- 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 https://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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130554-203045 + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration