v3.26.1
Leases
 6 Months Ended
Jun. 28, 2026
Leases [Abstract]  
Leases Leases
The Company currently leases from third parties the real property for certain company-owned restaurants and leases and subleases to franchisees for certain franchise operated restaurants. The Company also leases office space for its principal corporate office in Pasadena, California. The Company does not have a significant amount of non-real estate leases.
The Company's leases and subleases related to IHOP restaurants generally provide for an initial term of 20 to 25 years, with most having one or more five-year renewal options. Leases related to Applebee's restaurants generally have an initial term of 10 to 20 years, with renewal terms of five to 20 years. Generally, option periods were not included in determining lease liabilities and right-of-use assets related to operating leases. Certain leases also include variable rental payments based on a percentage of restaurant sales if certain restaurant sales thresholds are met.
During the three and six months ended June 28, 2026 and June 29, 2025, the Company made the following cash payments for operating leases:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Cash paid on operating leases$23.7 $22.3 $46.5 $44.0 
The Company's income from operating leases for the three and six months ended June 28, 2026 and June 29, 2025 was as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Minimum lease payments$22.0 $22.6 $44.2 $44.8 
Variable lease income4.1 4.5 8.0 8.6 
Total operating lease income$26.0 $27.1 $52.2 $53.4 
Leases Leases
The Company currently leases from third parties the real property for certain company-owned restaurants and leases and subleases to franchisees for certain franchise operated restaurants. The Company also leases office space for its principal corporate office in Pasadena, California. The Company does not have a significant amount of non-real estate leases.
The Company's leases and subleases related to IHOP restaurants generally provide for an initial term of 20 to 25 years, with most having one or more five-year renewal options. Leases related to Applebee's restaurants generally have an initial term of 10 to 20 years, with renewal terms of five to 20 years. Generally, option periods were not included in determining lease liabilities and right-of-use assets related to operating leases. Certain leases also include variable rental payments based on a percentage of restaurant sales if certain restaurant sales thresholds are met.
During the three and six months ended June 28, 2026 and June 29, 2025, the Company made the following cash payments for operating leases:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Cash paid on operating leases$23.7 $22.3 $46.5 $44.0 
The Company's income from operating leases for the three and six months ended June 28, 2026 and June 29, 2025 was as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Minimum lease payments$22.0 $22.6 $44.2 $44.8 
Variable lease income4.1 4.5 8.0 8.6 
Total operating lease income$26.0 $27.1 $52.2 $53.4 
Leases Leases
The Company currently leases from third parties the real property for certain company-owned restaurants and leases and subleases to franchisees for certain franchise operated restaurants. The Company also leases office space for its principal corporate office in Pasadena, California. The Company does not have a significant amount of non-real estate leases.
The Company's leases and subleases related to IHOP restaurants generally provide for an initial term of 20 to 25 years, with most having one or more five-year renewal options. Leases related to Applebee's restaurants generally have an initial term of 10 to 20 years, with renewal terms of five to 20 years. Generally, option periods were not included in determining lease liabilities and right-of-use assets related to operating leases. Certain leases also include variable rental payments based on a percentage of restaurant sales if certain restaurant sales thresholds are met.
During the three and six months ended June 28, 2026 and June 29, 2025, the Company made the following cash payments for operating leases:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Cash paid on operating leases$23.7 $22.3 $46.5 $44.0 
The Company's income from operating leases for the three and six months ended June 28, 2026 and June 29, 2025 was as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Minimum lease payments$22.0 $22.6 $44.2 $44.8 
Variable lease income4.1 4.5 8.0 8.6 
Total operating lease income$26.0 $27.1 $52.2 $53.4 
Leases Leases
The Company currently leases from third parties the real property for certain company-owned restaurants and leases and subleases to franchisees for certain franchise operated restaurants. The Company also leases office space for its principal corporate office in Pasadena, California. The Company does not have a significant amount of non-real estate leases.
The Company's leases and subleases related to IHOP restaurants generally provide for an initial term of 20 to 25 years, with most having one or more five-year renewal options. Leases related to Applebee's restaurants generally have an initial term of 10 to 20 years, with renewal terms of five to 20 years. Generally, option periods were not included in determining lease liabilities and right-of-use assets related to operating leases. Certain leases also include variable rental payments based on a percentage of restaurant sales if certain restaurant sales thresholds are met.
During the three and six months ended June 28, 2026 and June 29, 2025, the Company made the following cash payments for operating leases:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Cash paid on operating leases$23.7 $22.3 $46.5 $44.0 
The Company's income from operating leases for the three and six months ended June 28, 2026 and June 29, 2025 was as follows:
Three Months EndedSix Months Ended
June 28, 2026June 29, 2025June 28, 2026June 29, 2025
(In millions)
Minimum lease payments$22.0 $22.6 $44.2 $44.8 
Variable lease income4.1 4.5 8.0 8.6 
Total operating lease income$26.0 $27.1 $52.2 $53.4