Revenue (Tables)

6 Months Ended

Jun. 30, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates franchise revenue by major type for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(In thousands)
Franchise Revenue:
Royalties	$	82,768	$	78,006	$	166,206	$	153,248
Advertising fees	75,979		74,111		153,016		144,994
Pancake and waffle dry mix sales and other	17,150		14,077		34,412		27,008
Franchise and development fees	2,020		2,065		4,245		4,241
Total franchise revenue	$	177,917	$	168,259	$	357,879	$	329,491

Schedule of Changes in Deferred Revenue

Changes in the Company's contract liability for deferred franchise and development fees during the six months ended June 30, 2023 were as follows:

	Deferred Franchise Revenue (short- and long-term)
	(In thousands)
Balance at December 31, 2022	$	49,493
Recognized as revenue during the six months ended June 30, 2023	(4,102)
Fees deferred during the six months ended June 30, 2023	2,371
Balance at June 30, 2023	$	47,762

Schedule of Remaining Performance Obligations

The balance of deferred revenue as of June 30, 2023 is expected to be recognized as follows:

	(In thousands)
2023 (remaining six months)	$	4,199
2024	6,471
2025	5,712
2026	4,876
2027	3,969
Thereafter	22,535
Total	$	47,762