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Current Expected Credit Losses ("CECL") (Tables) | 6 Months Ended
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Jun. 30, 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.
|  | June 30, 2024 |  | December 31, 2023
|  | (In millions)
Accounts receivable |  | $ | 64.9 |  |  | $ | 68.0 |
Gift cards receivable |  | 6.6 |  |  | 33.7 |
Notes receivable |  | 8.4 |  |  | 14.9 |
Financing receivable: |  |  |  |
Equipment leases receivable |  | 16.3 |  |  | 19.7 |
Real estate leases receivable |  | 19.1 |  |  | 18.4 |
Other receivables |  | 6.0 |  |  | 18.3 |
|  | 121.3 |  |  | 173.0 |
Less: allowance for credit losses and notes receivable |  | (4.4) |  |  | (9.5) |
|  | 116.9 |  |  | 163.5 |
Less: current portion |  | (83.2) |  |  | (127.9) |
Long-term receivables |  | $ | 33.7 |  |  | $ | 35.6 |
Schedule of Changes in Allowance for Credit Losses | Changes in the allowance for credit losses during the six months ended June 30, 2024 were as follows:
|  | Accounts Receivable |  | Notes Receivable, short-term |  | Notes Receivable, long-term |  | Real estate leases receivable |  | Equipment leases receivable |  | 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 expense (credit) |  | 0.5 |  |  | (0.7) |  |  | (0.5) |  |  | 0.0 |  |  | 0.1 |  |  | 0.0 |  |  | (0.5) |
Advertising provision adjustment |  | (0.0) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 0.0 |
Write-offs |  | 0.0 |  |  | (0.5) |  |  | (3.8) |  |  | — |  |  | (0.2) |  |  | (0.0) |  |  | (4.5) |
Balance, June 30, 2024 |  | $ | 3.0 |  |  | $ | 0.6 |  |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 0.1 |  |  | $ | 0.0 |  |  | $ | 4.4 |
(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 June 30, 2024 is as follows:
|  | Notes Receivable, short and long-term |  | Real estate leases receivable |  | Equipment leases receivable |  | Total
|  | (In millions)
2024 |  | $ | 1.5 |  |  | $ | 2.0 |  |  | $ | 0.2 |  |  | $ | 3.7 |
2023 |  | 5.5 |  |  | 3.4 |  |  | 0.8 |  |  | 9.7 |
2022 |  | 0.7 |  |  | 7.9 |  |  | — |  |  | 8.6 |
2021 |  | 0.5 |  |  | 2.2 |  |  | — |  |  | 2.7 |
2020 |  | 0.2 |  |  | 1.2 |  |  | — |  |  | 1.4 |
Prior |  | — |  |  | 2.4 |  |  | 15.3 |  |  | 17.7 |
Total |  | $ | 8.4 |  |  | $ | 19.1 |  |  | $ | 16.3 |  |  | $ | 43.8 |

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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://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: 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 + 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 -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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