XML 27 R41.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
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