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Revenues (Tables)

9 Months Ended

Sep. 25, 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												Three Quarters Ended
			September 25, 2024						September 27, 2023						September 25, 2024						September 27, 2023
			(In thousands)
Company restaurant sales			$	52,701					$	53,153					$	159,391					$	161,486
Franchise and license revenue:
Royalties			29,101						29,703						88,421						90,106
Advertising revenue			20,172						19,297						59,098						58,818
Initial and other fees			1,639						3,388						5,903						10,994
Occupancy revenue			8,146						8,642						24,847						27,165
Franchise and license revenue			59,058						61,030						178,269						187,083
Total operating revenue			$	111,759					$	114,183					$	337,660					$	348,569

Schedule of Components of Lease Income

Franchise occupancy revenue consisted of the following:

			Quarter Ended												Three Quarters Ended
			September 25, 2024						September 27, 2023						September 25, 2024						September 27, 2023
			(In thousands)
Operating lease revenue			$	6,063					$	6,461					$	18,262					$	20,015
Variable lease revenue			2,083						2,181						6,585						7,150
Total occupancy revenue			$	8,146					$	8,642					$	24,847					$	27,165

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			522
Revenue recognized (1)			(2,345)
Balance, September 25, 2024			17,327
Less current portion included in other current liabilities			1,946
Deferred franchise revenue included in other noncurrent liabilities			$	15,381

(1)    Of this amount $2.1 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			(980)
Balance, September 25, 2024			5,921
Less current portion included in other current assets			941
Contract assets included in other noncurrent assets			$	4,980

Schedule of Deferred Franchise Revenue Recognition

As of September 25, 2024, deferred franchise revenue, net of contract asset amortization, expected to be recognized in the future is as follows:

			(In thousands)
Remainder of 2024			$	306
2025			1,123
2026			1,121
2027			1,091
2028			966
Thereafter			6,799
Deferred franchise revenue, net			$	11,406

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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

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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
-SubTopic 30
-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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