XML 64 R33.htm IDEA: XBRL DOCUMENT v3.25.1
Revenues (Tables)
3 Months Ended
Mar. 26, 2025
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 26, 2025March 27, 2024
 (In thousands)
Company restaurant sales$53,900 $52,342 
Franchise and license revenue:
Royalties27,837 29,306 
Advertising revenue19,073 18,138 
Initial and other fees2,874 1,816 
Occupancy revenue 7,953 8,372 
Franchise and license revenue 
57,737 57,632 
Total operating revenue$111,637 $109,974 
Schedule of Components of Lease Income
Franchise occupancy revenue consisted of the following:
 Quarter Ended
 March 26, 2025March 27, 2024
 (In thousands)
Operating lease revenue$5,986 $6,128 
Variable lease revenue
1,967 2,244 
Total occupancy revenue
$7,953 $8,372 
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 25, 2024$16,968 
Fees received from franchisees337 
Revenue recognized (1)
(866)
Balance, March 26, 202516,439 
Less current portion included in other current liabilities2,001 
Deferred franchise revenue included in other noncurrent liabilities$14,438 
(1)    Of this amount $0.8 million was included in the deferred franchise revenue balance as of December 25, 2024.
The components of the change in contract assets are as follows:
 (In thousands)
Balance, December 25, 2024$6,706 
Franchisee deferred costs3,285 
Contract asset amortization(322)
Balance, March 26, 20259,669 
Less current portion included in other current assets1,316 
Contract assets included in other noncurrent assets$8,353 
Schedule of Deferred Franchise Revenue Recognition
As of March 26, 2025, deferred franchise revenue, net of contract asset amortization, expected to be recognized in the future is as follows:
(In thousands)
Remainder of 2025$465 
2026875 
2027851 
2028731 
2029631 
Thereafter3,217 
Deferred franchise revenue, net$6,770