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Revenues | 6 Months Ended
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Jun. 26, 2019
Revenues [Abstract] |
Revenues | Revenues Our revenues are derived primarily from two sales channels, which we operate as one segment: company restaurants and franchised and licensed restaurants. The following table disaggregates our revenue by sales channels and types of goods or services.
| Quarter Ended | Two Quarters Ended
| June 26, 2019 | June 27, 2018 | June 26, 2019 | June 27, 2018
| (Dollars in thousands)
Company restaurant sales | $ | 95,447 |  |  | $ | 102,741 |  |  | $ | 193,992 |  |  | $ | 203,934 |
Franchise and license revenue: |  |  |  |  |  |  |
Royalties | 26,672 |  |  | 25,192 |  |  | 51,912 |  |  | 50,357 |
Advertising revenue | 19,884 |  |  | 19,530 |  |  | 38,826 |  |  | 38,840 |
Initial and other fees | 1,755 |  |  | 1,810 |  |  | 2,894 |  |  | 3,227 |
Occupancy revenue | 8,126 |  |  | 8,061 |  |  | 15,671 |  |  | 16,249 |
Franchise and license revenue | 56,437 |  |  | 54,593 |  |  | 109,303 |  |  | 108,673 |
Total operating revenue | $ | 151,884 |  |  | $ | 157,334 |  |  | $ | 303,295 |  |  | $ | 312,607 |
Balances related to contracts with customers consist of receivables, deferred franchise revenue and deferred gift card revenue. See Note 6 for details on our receivables. Deferred franchise revenue consists primarily of the unamortized portion of initial franchise fees that are currently being amortized into revenue and amounts related to development agreements and unopened restaurants that will begin amortizing into revenue when the related restaurants are opened. Deferred franchise revenue represents our remaining performance obligations to our franchisees, excluding amounts of variable consideration related to sales-based royalties and advertising. The components of the change in deferred franchise revenue are as follows:
| (In thousands)
Balance, December 26, 2018 | $ | 20,538 |
Fees received from franchisees | 2,361 |
Revenue recognized | (1,289 | )
Balance, June 26, 2019 | 21,610 |
Less current portion included in other current liabilities | 2,162 |
Deferred franchise revenue included in other noncurrent liabilities | $ | 19,448 |
Deferred gift card liabilities consist of the unredeemed portion of gift cards sold in company restaurants and at third party locations. The balance of deferred gift card liabilities represents our remaining performance obligations to our customers. The balance of deferred gift card liabilities as of June 26, 2019 and December 26, 2018 was $4.8 million and $6.5 million, respectively. During the two quarters ended June 26, 2019, we recognized revenue of $1.8 million from gift card redemptions at company restaurants.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -URI http://asc.fasb.org/topic&trid=2122369 + Details
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