v3.21.1
REVENUE RECOGNITION
3 Months Ended
Apr. 04, 2021
Revenue from Contract with Customer [Abstract]  
Revenue from Contract with Customer [Text Block]

(8)        Revenue Recognition

Deferred revenue liabilities consist primarily of franchise fees which are recognized straight-line over the life of the agreements, and area development fees which are deferred until a new restaurant is opened pursuant to the agreement. The following table illustrates estimated revenues expected to be recognized in the future related to unsatisfied performance obligations as of April 4, 2021:

(in thousands)

    

    

Fiscal Year

 

  

2021

$

67

2022

 

90

2023

 

90

2024

 

88

2025

 

82

Thereafter

 

450

Total

$

867

The following table reflects the change in contract liabilities between April 4, 2021 and January 3, 2021:

(in thousands)

January 3, 2021

Beginning Balance

$

901

Revenue recognized

(34)

Ending Balance

$

867