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Revenues (Tables) | 6 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table disaggregates franchise revenues by major type for the three and six months ended June 30, 2024 and 2023:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
|  | (In millions)
Franchise Revenues: |  |  |  |  |  |  |  |
Royalties |  | $ | 80.6 |  |  | $ | 82.8 |  |  | $ | 160.7 |  |  | $ | 166.2 |
Advertising fees |  | 74.5 |  |  | 76.0 |  |  | 149.8 |  |  | 153.0 |
Proprietary product sales and other |  | 18.9 |  |  | 17.2 |  |  | 36.9 |  |  | 34.4 |
Franchise and development fees |  | 2.5 |  |  | 2.0 |  |  | 5.0 |  |  | 4.3 |
Total franchise revenues |  | $ | 176.5 |  |  | $ | 177.9 |  |  | $ | 352.4 |  |  | $ | 357.9 |
Schedule of Changes in Deferred Revenue | Changes in the Company's contract liability for deferred franchise and development fees during the six months ended June 30, 2024 were as follows:
|  | Deferred Franchise Revenue (short- and long-term)
|  | (In millions)
Balance at December 31, 2023 |  | $ | 45.3 |
Recognized as revenue during the six months ended June 30, 2024 |  | (4.8) |
Fees deferred during the six months ended June 30, 2024 |  | 2.7 |
Balance at June 30, 2024 |  | $ | 43.2 |
Schedule of Remaining Performance Obligations | The balance of deferred revenue as of June 30, 2024 is expected to be recognized as follows:
|  | (In millions)
2024 (remaining six months) |  | $ | 3.2 |
2025 |  | 5.8 |
2026 |  | 5.0 |
2027 |  | 4.1 |
2028 |  | 3.2 |
Thereafter |  | 21.9 |
Total |  | $ | 43.2 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
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