| Revenue from Contract with Customer [Text Block] |
NOTE C – REVENUES
The Company’s disaggregated revenues for the thirteen and thirty-nine weeks ended December 25, 2022 and December 26, 2021 are as follows (in thousands):
| |
|
Thirteen weeks ended
|
|
|
Thirty-nine weeks ended
|
|
| |
|
December 25,
2022
|
|
|
December 26,
2021
|
|
|
December 25,
2022
|
|
|
December 26,
2021
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Branded Products
|
|
$ |
16,661 |
|
|
$ |
16,901 |
|
|
$ |
61,862 |
|
|
$ |
51,960 |
|
|
Company-owned restaurants
|
|
|
1,679 |
|
|
|
1,736 |
|
|
|
10,673 |
|
|
|
9,502 |
|
|
Total sales
|
|
|
18,340 |
|
|
|
18,637 |
|
|
|
72,535 |
|
|
|
61,462 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
License royalties
|
|
|
6,337 |
|
|
|
5,878 |
|
|
|
26,064 |
|
|
|
24,218 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Franchise royalties
|
|
|
829 |
|
|
|
744 |
|
|
|
2,785 |
|
|
|
2,581 |
|
|
Franchise fees
|
|
|
147 |
|
|
|
175 |
|
|
|
483 |
|
|
|
412 |
|
|
Total franchise fees and royalties
|
|
|
976 |
|
|
|
919 |
|
|
|
3,268 |
|
|
|
2,993 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Advertising fund revenue
|
|
|
501 |
|
|
|
479 |
|
|
|
1,504 |
|
|
|
1,437 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenues
|
|
$ |
26,154 |
|
|
$ |
25,913 |
|
|
$ |
103,371 |
|
|
$ |
90,110 |
|
The following table disaggregates revenues by primary geographical market (in thousands):
| |
|
Thirteen weeks ended
|
|
|
Thirty-nine weeks ended
|
|
| |
|
December 25,
2022
|
|
|
December 26,
2021
|
|
|
December 25,
2022
|
|
|
December 26,
2021
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
24,824 |
|
|
$ |
25,066 |
|
|
$ |
98,836 |
|
|
$ |
87,545 |
|
|
International
|
|
|
1,330 |
|
|
|
847 |
|
|
|
4,535 |
|
|
|
2,565 |
|
|
Total revenues
|
|
$ |
26,154 |
|
|
$ |
25,913 |
|
|
$ |
103,371 |
|
|
$ |
90,110 |
|
Contract balances
The following table provides information about contract receivables and liabilities (deferred franchise fees) from contracts with customers (in thousands):
| |
|
December 25,
2022
|
|
|
March 27,
2022
|
|
|
Receivables, which are included in “Accounts and other receivables, net” (a)
|
|
$ |
- |
|
|
$ |
312 |
|
|
Deferred franchise fees (b)
|
|
$ |
1,721 |
|
|
$ |
2,097 |
|
| |
(a)
|
Includes receivables related to “franchise fees and royalties”
|
| |
(b)
|
Deferred franchise fees of $343 and $1,378 as of December 25, 2022 and $349 and $1,748 as of March 27, 2022 are included in Deferred franchise fees – current and long term, respectively.
|
Significant changes in deferred franchise fees are as follows (in thousands):
| |
|
Thirty-nine weeks ended
|
|
| |
|
December 25,
2022
|
|
|
December 26,
2021
|
|
|
Deferred franchise fees at beginning of period
|
|
$ |
2,097 |
|
|
$ |
1,773 |
|
|
New deferrals due to cash received and other
|
|
|
107 |
|
|
|
661 |
|
|
Revenue recognized during the period
|
|
|
(483 |
) |
|
|
(412 |
) |
|
Deferred franchise fees at end of period
|
|
$ |
1,721 |
|
|
$ |
2,022 |
|
Anticipated future recognition of deferred franchise fees
The following table reflects the estimated franchise fees to be recognized in the future related to performance obligations that are unsatisfied at the end of the period (in thousands):
| |
|
Estimate for fiscal year
|
|
|
2023 (a)
|
|
$ |
86 |
|
|
2024
|
|
|
339 |
|
|
2025
|
|
|
322 |
|
|
2026
|
|
|
287 |
|
|
2027
|
|
|
168 |
|
|
Thereafter
|
|
|
519 |
|
|
Total
|
|
$ |
1,721 |
|
| |
(a)
|
Represents franchise fees expected to be recognized for the remainder of the 2023 fiscal year, which includes international development fees expected to be recognized over the duration of one year or less. Amount does not include $483 of franchise fee revenue recognized for the thirty-nine weeks ended December 25, 2022.
|
We have applied the optional exemption, as provided for under ASC Topic 606, Revenues from Contracts with Customers, which allows us to not disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.
|