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Revenues Revenues (Tables) | 12 Months Ended
--- | ---
Dec. 25, 2019
Revenue from Contract with Customer [Abstract] |
Schedule of disaggregation of revenue | The following table disaggregates our revenue by sales channels and types of goods or services.
| Fiscal Year Ended
| December 25, 2019 |  | December 26, 2018 |  | December 27, 2017 (1)
Company restaurant sales | $ | 306,377 |  |  | $ | 411,932 |  |  | $ | 390,352 |
Franchise and license revenue: |  |  |  |  |
Royalties | 108,813 |  |  | 101,557 |  |  | 100,631 |
Advertising revenue | 81,144 |  |  | 78,308 |  |  | — |
Initial and other fees | 6,541 |  |  | 6,422 |  |  | 2,466 |
Occupancy revenue | 38,514 |  |  | 31,960 |  |  | 35,720 |
Franchise and license revenue | 235,012 |  |  | 218,247 |  |  | 138,817 |
Total operating revenue | $ | 541,389 |  |  | $ | 630,179 |  |  | $ | 529,169 |
(1) As disclosed in Note 2, prior period amounts have not been adjusted under the modified retrospective method of adoption of Topic 606.
Components of the change in deferred franchise revenue | The components of the change in deferred franchise revenue are as follows:
| (In thousands)
Balance, December 26, 2018 | $ | 20,538 |
Fees received from franchisees | 5,634 |
Revenue recognized (1) | (2,916 | )
Balance, December 25, 2019 | 23,256 |
Less current portion included in other current liabilities | 2,235 |
Deferred franchise revenue included in other noncurrent liabilities | $ | 21,021 |
(1) Of this amount $2.5 million was included in the deferred franchise revenue balance as of December 26, 2018.
Schedule of deferred franchise revenue recognition | As of December 25, 2019, the deferred franchise revenue expected to be recognized in the future is as follows:
| (In thousands)
2020 | $ | 2,235 |
2021 | 2,049 |
2022 | 1,940 |
2023 | 1,860 |
2024 | 1,809 |
Thereafter | 13,363 |
Deferred franchise revenue | $ | 23,256 |
Financial statement impact of adoption | The following tables summarize the impact of adopting Topic 606 on our financial statement line items as of December 26, 2018 and for the quarter and year ended December 26, 2018.
| Year ended December 26, 2018
Consolidated Balance Sheet | As Reported |  | Adjustments |  | Amounts without adoption of Topic 606
| (In thousands)
Prepaid and other current assets | $ | 10,866 |  |  | $ | 509 |  |  | $ | 11,375 |
Deferred income taxes | 17,333 |  |  | (4,988 | ) |  | 12,345 |
Other current liabilities | 61,790 |  |  | (407 | ) |  | 61,383 |
Other noncurrent liabilities | 48,087 |  |  | (18,370 | ) |  | 29,717 |
Deficit | (306,414 | ) |  | 14,298 |  |  | (292,116 | )
| Quarter ended December 26, 2018 |  | Year ended December 26, 2018
Consolidated Statement of Income | As Reported |  | Adjustments |  | Amounts without adoption of Topic 606 |  | As Reported |  | Adjustments |  | Amounts without adoption of Topic 606
| (In thousands, except per share amounts)
Franchise and license revenue | $ | 55,160 |  |  | $ | (21,162 | ) |  | $ | 33,998 |  |  | $ | 218,247 |  |  | $ | (82,815 | ) |  | $ | 135,432 |
Costs of franchise and license revenue | 28,517 |  |  | (20,962 | ) |  | 7,555 |  |  | 114,296 |  |  | (81,268 | ) |  | 33,028 |
Provision for income taxes | 1,340 |  |  | (52 | ) |  | 1,288 |  |  | 8,557 |  |  | (400 | ) |  | 8,157 |
Net income | 11,503 |  |  | (148 | ) |  | 11,355 |  |  | 43,693 |  |  | (1,147 | ) |  | 42,546 |
Basic net income per share | 0.19 |  |  | (0.01 | ) |  | 0.18 |  |  | 0.69 |  |  | (0.02 | ) |  | 0.67 |
Diluted net income per share | 0.18 |  |  | — |  |  | 0.18 |  |  | 0.67 |  |  | (0.02 | ) |  | 0.65 |
| Quarter ended December 26, 2018 |  | Year ended December 26, 2018
Consolidated Statement of Comprehensive Income | As Reported |  | Adjustments |  | Amounts without adoption of Topic 606 |  | As Reported |  | Adjustments |  | Amounts without adoption of Topic 606
| (In thousands)
Net income | $ | 11,503 |  |  | $ | (148 | ) |  | $ | 11,355 |  |  | $ | 43,693 |  |  | $ | (1,147 | ) |  | $ | 42,546 |
Total comprehensive income | 4,816 |  |  | (148 | ) |  | 4,668 |  |  | 41,863 |  |  | (1,147 | ) |  | 40,716 |
| Year ended December 26, 2018
Consolidated Statement of Cash Flow | As Reported |  | Adjustments |  | Amounts without adoption of Topic 606
| (In thousands)
Net income | $ | 43,693 |  |  | $ | (1,147 | ) |  | $ | 42,546 |
Deferred income tax expense | 6,193 |  |  | (400 | ) |  | 5,793 |
Changes in assets and liabilities: |  |  |  |  |
Other current assets | 921 |  |  | (509 | ) |  | 412 |
Other accrued liabilities | (1,676 | ) |  | 573 |  |  | (1,103 | )
Other noncurrent liabilities | (4,418 | ) |  | 1,483 |  |  | (2,935 | )
Net cash flows provided by operating activities | 73,690 |  |  | — |  |  | 73,690 |

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