XML 36 R22.htm IDEA: XBRL DOCUMENT
v3.23.1

Cash, Cash Equivalents and Restricted Cash | 3 Months Ended
--- | ---
Mar. 31, 2023
Cash and Cash Equivalents [Abstract] |
Cash, Cash Equivalents and Restricted Cash | Cash, Cash Equivalents and Restricted Cash Cash and Cash Equivalents The Company considers all highly liquid investment securities with remaining maturities at the date of purchase of three months or less to be cash equivalents. These cash equivalents are stated at cost which approximates market value. Cash held related to IHOP advertising funds and the Company's gift card programs is not considered to be restricted cash as there are no restrictions on the use of these funds. The components of cash and cash equivalents were as follows:
| March 31, 2023 |  | December 31, 2022
| (In millions)
Money market funds | $ | 25.0 |  |  | $ | 75.0 |
IHOP advertising funds and gift card programs | 89.3 |  |  | 96.7 |
Other depository accounts | 67.3 |  |  | 98.0 |
Total cash and cash equivalents | $ | 181.6 |  |  | $ | 269.7 |
Current Restricted Cash Current restricted cash primarily consisted of funds required to be held in trust in connection with the Company's securitized debt and funds from Applebee's franchisees pursuant to franchise agreements, usage of which was restricted to advertising activities. The components of current restricted cash were as follows:
| March 31, 2023 |  | December 31, 2022
| (In millions)
Securitized debt reserves | $ | 31.9 |  |  | $ | 32.4 |
Applebee's advertising funds | 3.8 |  |  | 5.4 |
Other | 1.4 |  |  | 1.1 |
Total current restricted cash | $ | 37.1 |  |  | $ | 38.9 |
Non-current Restricted Cash Non-current restricted cash was $16.4 million and $16.4 million at March 31, 2023 and December 31, 2022, respectively, and represents interest reserves required to be set aside for the duration of the Company's securitized debt.

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

X
- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_CashAndCashEquivalentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration