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Revenues (Tables) | 6 Months Ended
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Jun. 26, 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 |  | Two Quarters Ended
| June 26, 2024 |  | June 28, 2023 |  | June 26, 2024 |  | June 28, 2023
| (In thousands)
Company restaurant sales | $ | 54,348 |  |  | $ | 54,881 |  |  | $ | 106,690 |  |  | $ | 108,333 |
Franchise and license revenue: |  |  |  |  |  |  |
Royalties | 30,014 |  |  | 30,376 |  |  | 59,320 |  |  | 60,403 |
Advertising revenue | 20,788 |  |  | 19,853 |  |  | 38,926 |  |  | 39,521 |
Initial and other fees | 2,448 |  |  | 2,616 |  |  | 4,264 |  |  | 7,606 |
Occupancy revenue | 8,329 |  |  | 9,189 |  |  | 16,701 |  |  | 18,523 |
Franchise and license revenue | 61,579 |  |  | 62,034 |  |  | 119,211 |  |  | 126,053 |
Total operating revenue | $ | 115,927 |  |  | $ | 116,915 |  |  | $ | 225,901 |  |  | $ | 234,386 |
Schedule of Components of Lease Income | Franchise occupancy revenue consisted of the following:
| Quarter Ended |  | Two Quarters Ended
| June 26, 2024 |  | June 28, 2023 |  | June 26, 2024 |  | June 28, 2023
| (In thousands)
Operating lease revenue | $ | 6,071 |  |  | $ | 6,683 |  |  | $ | 12,199 |  |  | $ | 13,554 |
Variable lease revenue | 2,258 |  |  | 2,506 |  |  | 4,502 |  |  | 4,969 |
Total occupancy revenue | $ | 8,329 |  |  | $ | 9,189 |  |  | $ | 16,701 |  |  | $ | 18,523 |
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 | 459 |
Revenue recognized (1) | (1,591) |
Balance, June 26, 2024 | 18,018 |
Less current portion included in other current liabilities | 2,098 |
Deferred franchise revenue included in other noncurrent liabilities | $ | 15,920 |
(1) Of this amount $1.4 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 | 293 |
Contract asset amortization | (684) |
Balance, June 26, 2024 | 6,217 |
Less current portion included in other current assets | 982 |
Contract assets included in other noncurrent assets | $ | 5,235 |
Schedule of Deferred Franchise Revenue Recognition | As of June 26, 2024, deferred franchise revenue, net of contract asset amortization, expected to be recognized in the future is as follows:
| (In thousands)
Remainder of 2024 | $ | 558 |
2025 | 1,117 |
2026 | 1,117 |
2027 | 1,086 |
2028 | 960 |
Thereafter | 6,963 |
Deferred franchise revenue, net | $ | 11,801 |

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