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Current Expected Credit Losses ("CECL") (Tables) | 3 Months Ended
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Mar. 31, 2024
Credit Loss [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | Receivables due from distributors are related to the sale of proprietary products to franchisees through the Company’s network of suppliers and distributors and are included as part of Other receivables.
|  | March 31, 2024 |  | December 31, 2023
|  | (In millions)
Accounts receivable |  | $ | 72.4 |  |  | $ | 68.0 |
Gift card receivables |  | 6.5 |  |  | 33.7 |
Notes receivable |  | 14.1 |  |  | 14.9 |
Financing receivables: |  |  |  |
Equipment leases receivable |  | 18.0 |  |  | 19.7 |
Real estate leases receivable |  | 19.7 |  |  | 18.4 |
Other receivables |  | 4.8 |  |  | 18.3 |
|  | 135.5 |  |  | 173.0 |
Less: allowance for credit losses and notes receivable |  | (9.4) |  |  | (9.5) |
|  | 126.1 |  |  | 163.5 |
Less: current portion |  | (90.7) |  |  | (127.9) |
Long-term receivables |  | $ | 35.4 |  |  | $ | 35.6 |
Schedule of Changes in Allowance for Credit Losses | Changes in the allowance for credit losses during the three months ended March 31, 2024 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, 2023 |  | $ | 2.5 |  |  | $ | 1.8 |  |  | $ | 4.8 |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.0 |  |  | $ | 9.5 |
Bad debt (credit) expense |  | 0.4 |  |  | 0.1 |  |  | (0.3) |  |  | 0.0 |  |  | 0.0 |  |  | (0.0) |  |  | 0.2 |
Advertising provision adjustment |  | 0.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.0 |
Write-offs |  | 0.0 |  |  | (0.3) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (0.3) |
Balance, March 31, 2024 |  | $ | 2.9 |  |  | $ | 1.6 |  |  | $ | 4.5 |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.0 |  |  | $ | 9.4 |
(1) Primarily distributor receivables, gift card receivables and credit card receivables.
Financing Receivable Credit Quality Indicators | The year of origination of the Company's financing receivables at March 31, 2024 is as follows:
|  | Notes Receivable, short and long-term |  | Lease Receivables |  | Equipment Receivables |  | Total
|  | (In millions)
2024 |  | $ | 0.0 |  |  | $ | 2.0 |  |  | $ | 0.0 |  |  | $ | 2.0 |
2023 |  | 5.6 |  |  | 3.5 |  |  | 0.9 |  |  | 10.0 |
2022 |  | 0.8 |  |  | 8.0 |  |  | — |  |  | 8.8 |
2021 |  | 7.5 |  |  | 2.2 |  |  | — |  |  | 9.7 |
2020 |  | 0.2 |  |  | 1.2 |  |  | — |  |  | 1.4 |
Prior |  | 0.0 |  |  | 2.8 |  |  | 17.1 |  |  | 19.9 |
Total |  | $ | 14.1 |  |  | $ | 19.7 |  |  | $ | 18.0 |  |  | $ | 51.8 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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