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v3.23.1

Current Expected Credit Losses ("CECL") (Tables) | 3 Months Ended
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Mar. 31, 2023
Credit Loss [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Receivables due from distributors are related to the sale of IHOP’s proprietary pancake and waffle dry mix to franchisees through the Company’s network of suppliers and distributors and are included as part of Other receivables.
| March 31, 2023 |  | December 31, 2022
| (In millions)
Accounts receivable | $ | 72.0 |  |  | $ | 67.5 |
Gift card receivables | 6.3 |  |  | 34.6 |
Notes receivable | 15.9 |  |  | 17.2 |
Financing receivables: |  |  |
Equipment leases receivable | 24.8 |  |  | 26.6 |
Real estate leases receivable | 17.2 |  |  | 18.5 |
Other | 5.2 |  |  | 5.6 |
| 141.4 |  |  | 170.0 |
Less: allowance for credit losses and notes receivable | (10.5) |  |  | (10.3) |
| 130.9 |  |  | 159.7 |
Less: current portion | (93.1) |  |  | (120.0) |
Long-term receivables | $ | 37.8 |  |  | $ | 39.7 |
Schedule of Changes in Allowance for Credit Losses | Changes in the allowance for credit losses during the three months ended March 31, 2023 were as follows:
| Accounts Receivable |  | Notes receivable, short-term |  | Notes receivable, long-term |  | Lease Receivables |  | Equipment Notes |  | Other (1) |  | Total
| (In millions)
Balance, December 31, 2022 | $ | 1.2 |  |  | $ | 3.5 |  |  | $ | 5.3 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 10.3 |
Bad debt (credit) expense | 1.0 |  |  | (0.2) |  |  | 0.1 |  |  | (0.0) |  |  | (0.0) |  |  | 0.0 |  |  | 0.9 |
Advertising provision adjustment | 0.6 |  |  | (0.3) |  |  | 0.3 |  |  | — |  |  | — |  |  | — |  |  | 0.6 |
Write-offs | — |  |  | (1.3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1.3) |
Recoveries | — |  |  | — |  |  | — |  |  | — |  |  | 0.0 |  |  | — |  |  | 0.0 |
Balance, March 31, 2023 | $ | 2.8 |  |  | $ | 1.7 |  |  | $ | 5.7 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 10.5 |
(1) Primarily distributor receivables, gift card receivables and credit card receivables.
Schedule of Delinquency Status of Receivable | The delinquency status of receivables (other than accounts receivable, gift card receivables and distributor receivables) at March 31, 2023 was as follows:
| Notes receivable, short-term |  | Notes receivable, long-term |  | Lease Receivables |  | Equipment Notes |  | Other (1) |  | Total
| (In millions)
Current | $ | 4.4 |  |  | $ | 11.5 |  |  | $ | 17.2 |  |  | $ | 24.8 |  |  | $ | 0.1 |  |  | $ | 58.0 |
30-59 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
60-89 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
90-119 days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
120+ days | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total | $ | 4.4 |  |  | $ | 11.5 |  |  | $ | 17.2 |  |  | $ | 24.8 |  |  | $ | 0.1 |  |  | $ | 58.0 |
(1) Primarily credit card receivables.
Financing Receivable Credit Quality Indicators | The year of origination of the Company's notes receivable and financing receivables is as follows:
| Notes receivable, short and long-term |  | Lease Receivables |  | Equipment Notes |  | Total
| (In millions)
2023 | $ | 0.5 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.7 |
2022 | 1.5 |  |  | 8.3 |  |  | — |  |  | 9.8 |
2021 | 10.0 |  |  | 2.5 |  |  | — |  |  | 12.5 |
2020 | 0.4 |  |  | 1.3 |  |  | — |  |  | 1.7 |
2019 | — |  |  | 0.7 |  |  | — |  |  | 0.7 |
Prior | 3.5 |  |  | 4.4 |  |  | 24.6 |  |  | 32.5 |
Total | $ | 15.9 |  |  | $ | 17.2 |  |  | $ | 24.8 |  |  | $ | 57.9 |

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