NOTE D – REVENUES

The Company’s disaggregated revenues for the

thirteen

weeks ended

June 30, 2019

and

June 24, 2018

are as follows (in thousands):

	Thirteen weeks ended
	June 30, 2019		June 24, 2018

Branded Products	$	16,113	$	16,445
Company-operated restaurants		4,124		4,026
Total sales		20,237		20,471

License royalties		8,722		8,098

Royalties		980		997
Franchise fees		97		107
Total franchise fees and royalties		1,077		1,104

Advertising fund revenue		482		495

Total revenues	$	30,518	$	30,168

The following table disaggregates revenues by primary geographical market (in thousands):

	Thirteen weeks ended
	June 30, 2019		June 24, 2018

United States	$	29,387	$	28,856
International		1,131		1,312
Total revenues	$	30,518	$	30,168

Contract balances

The following table provides information about contract liabilities (Deferred franchise fees) from contracts with customers (in thousands):

		June 30, 2019				March 31, 2019
Deferred franchise fees (a)		$	2,926			$	3,005

(a)

Deferred franchise fees of

$306

and

$2,620

as of

June 30, 2019

and

$318

and

$2,687

as of

March 31, 2019

are included in Deferred franchise fees – current and long term, respectively.

Significant changes in Deferred franchise fees are as follows (in thousands):

	Thirteen weeks ended
	June 30, 2019			June 24, 2018
Deferred franchise fees at beginning of period	$	3,005		$	3,139	(a)
Revenue recognized during the period		(97	)		(107	)
New deferrals due to cash received and other		18			170
Deferred franchise fees at end of period	$	2,926		$	3,202

(a)

Includes the cumulative effect of adopting Topic

606

$2,735.

Anticipated Future Recognition of Deferred Franchise Fees

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 (in thousands):

	Estimate for fiscal year
2020 (a)	$	230
2021		299
2022		288
2023		252
2024		235
Thereafter		1,622
Total	$	2,926

(a)

Represents franchise fees expected to be recognized for the remainder of the

2020

fiscal year, which includes international development fees expected to be recognized over the duration of

one

year or less. Amount does

not

include

$97

of franchise fee revenue recognized for the

thirteen

weeks ended

June 30, 2019.

We have applied the optional exemption, as provided for under Topic

606,

which allows us

not

to disclose the transaction price allocated to unsatisfied performance obligations when the transaction price is a sales-based royalty.