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Revenues (Tables)

6 Months Ended

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

X

- 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

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

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