REVENUE RECOGNITION

6 Months Ended

Jun. 28, 2020

Revenue Recognition

Revenue Recognition

(10)        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 June 28, 2020:

(in thousands)
Fiscal Year
2020	$	53
2021		103
2022		102
2023		99
2024		92
Thereafter		485
Total	$	934

The following table reflects the change in contract liabilities between June 28, 2020 and December 29, 2019:

(in thousands)
Balance, December 29, 2019	$	1,318
Revenue recognized		(384)
Balance, June 28, 2020	$	934