Revenue (Tables)

3 Months Ended

Mar. 31, 2019

The following tables disaggregate revenue by primary geographical market and source:



Three Months Ended March 31, 2019	U.S.		Canada		Other International		Total
Sales at Company-operated restaurants	$	167,697	$	—	$	—	$	167,697
Franchise royalty revenue	84,378		5,508		4,957		94,843
Franchise fees	6,009		412		689		7,110
Franchise rental income	50,665		7,787		—		58,452
Advertising funds revenue	75,981		4,500		—		80,481
Total revenues	$	384,730	$	18,207	$	5,646	$	408,583

Three Months Ended April 1, 2018
Sales at Company-operated restaurants	$	153,649	$	—	$	—	$	153,649
Franchise royalty revenue	80,222		5,363		4,358		89,943
Franchise fees	7,085		646		234		7,965
Franchise rental income	44,265		5,842		—		50,107
Advertising funds revenue	74,414		4,486		—		78,900
Total revenues	$	359,635	$	16,337	$	4,592	$	380,564

Contract balances, assets and liabilities

The following table provides information about receivables and contract liabilities (deferred franchise fees) from contracts with customers:



	March 31, 2019 (a)		December 30, 2018 (a)
Receivables, which are included in “Accounts and notes receivable, net” (b)	$	44,765	$	40,300
Receivables, which are included in “Advertising funds restricted assets”	47,056		47,332
Deferred franchise fees (c)	101,469		102,205

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(a)	Excludes funds collected from the sale of gift cards, which are primarily reimbursed to franchisees upon redemption at franchised restaurants and do not ultimately result in the recognition of revenue in the Company’s statement of operations.


(b)	Includes receivables related to “Sales” and “Franchise royalty revenue and fees.”


(c)	Deferred franchise fees are included in “Accrued expenses and other current liabilities” and “Deferred franchise fees” and totaled $9,142 and $92,327 as of March 31, 2019, respectively, and $9,973 and $92,232 as of December 30, 2018, respectively.

Deferred franchise fee rollforward

Significant changes in deferred franchise fees are as follows:



	Three Months Ended
	March 31, 2019			April 1, 2018
Deferred franchise fees at beginning of period	$	102,205		$	102,492
Revenue recognized during the period	(2,772		)	(2,688		)
New deferrals due to cash received and other	2,036			2,957
Deferred franchise fees at end of period	$	101,469		$	102,761

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

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:



Estimate for fiscal year:
2019 (a)	$	6,307
2020	6,482
2021	5,939
2022	5,725
2023	5,500
Thereafter	71,516
	$	101,469

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(a)	Represents franchise fees expected to be recognized for the remainder of 2019, which includes development-related franchise fees expected to be recognized over a duration of one year or less.