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Revenues (Tables) | 3 Months Ended
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Mar. 27, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table disaggregates our revenue by sales channel and type of good or service:
|  |  | Quarter Ended
|  |  |  |  | March 27, 2024 |  | March 29, 2023
|  |  |  |  | (In thousands)
Company restaurant sales |  |  |  |  | $ | 52,342 |  |  | $ | 53,452 |
Franchise and license revenue: |  |  |  |  |  |  |
Royalties |  |  |  |  | 29,306 |  |  | 30,027 |
Advertising revenue |  |  |  |  | 18,138 |  |  | 19,668 |
Initial and other fees |  |  |  |  | 1,816 |  |  | 4,990 |
Occupancy revenue |  |  |  |  | 8,372 |  |  | 9,334 |
Franchise and license revenue |  |  |  |  | 57,632 |  |  | 64,019 |
Total operating revenue |  |  |  |  | $ | 109,974 |  |  | $ | 117,471 |
Schedule of Components of Lease Income | Franchise occupancy revenue consisted of the following:
|  |  | Quarter Ended
|  |  |  |  | March 27, 2024 |  | March 29, 2023
|  |  |  |  | (In thousands)
Operating lease revenue |  |  |  |  | $ | 6,128 |  |  | $ | 6,871 |
Variable lease revenue |  |  |  |  | 2,244 |  |  | 2,463 |
Total occupancy revenue |  |  |  |  | $ | 8,372 |  |  | $ | 9,334 |
Schedule of Components of the Change in Contract Asset and Contract Liability | The components of the change in deferred franchise revenue are as follows:
| (In thousands)
Balance, December 27, 2023 | $ | 19,150 |
Fees received from franchisees | 220 |
Revenue recognized (1) | (779) |
Balance, March 27, 2024 | 18,591 |
Less current portion included in other current liabilities | 2,132 |
Deferred franchise revenue included in other noncurrent liabilities | $ | 16,459 |
(1) Of this amount $0.7 million was included in the deferred franchise revenue balance as of December 27, 2023. The components of the change in contract assets are as follows:
| (In thousands)
Balance, December 27, 2023 | $ | 6,608 |
Franchisee deferred costs | 27 |
Contract asset amortization | (347) |
Balance, March 27, 2024 | 6,288 |
Less current portion included in other current assets | 1,005 |
Contract assets included in other noncurrent assets | $ | 5,283 |
Schedule of Deferred Franchise Revenue Recognition | As of March 27, 2024, deferred franchise revenue, net of contract asset amortization, expected to be recognized in the future is as follows:
| (In thousands)
Remainder of 2024 | $ | 859 |
2025 | 1,131 |
2026 | 1,131 |
2027 | 1,100 |
2028 | 973 |
Thereafter | 7,109 |
Deferred franchise revenue, net | $ | 12,303 |

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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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