Revenue (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates franchise revenue by major type for the three months ended March 31, 2024 and 2023:

	Three Months Ended March 31,
	2024		2023
	(In thousands)
Franchise Revenue:
Royalties	$	80,212	$	83,438
Advertising fees	75,261		77,037
Proprietary product sales and other	17,967		17,262
Franchise and development fees	2,437		2,225
Total franchise revenue	$	175,877	$	179,962

Schedule of Changes in Deferred Revenue

Changes in the Company's contract liability for deferred franchise and development fees during the three months ended March 31, 2024 were as follows:

	Deferred Franchise Revenue (short- and long-term)
	(In thousands)
Balance at December 31, 2023	$	45,269
Recognized as revenue during the three months ended March 31, 2024	(2,306)
Fees deferred during the three months ended March 31, 2024	723
Balance at March 31, 2024	$	43,686

Schedule of Remaining Performance Obligations

The balance of deferred revenue as of March 31, 2024 is expected to be recognized as follows:

	(In thousands)
2024 (remaining nine months)	$	4,868
2025	5,828
2026	5,002
2027	4,112
2028	3,146
Thereafter	20,730
Total	$	43,686