NOTE D – REVENUES

The Company’s disaggregated revenues for the

thirteen

and

twenty-six

weeks ended

September 29, 2019

and

September 23, 2018

are as follows (in thousands):

	Thirteen weeks ended				Twenty-six weeks ended
	September 2 9 , 201 9		September 23, 2018		September 29, 2019		September 23, 2018

Branded Products	$	16,182	$	15,410	$	32,295	$	31,855
Company-operated restaurants		5,924		6,163		10,048		10,189
Total sales		22,106		21,573		42,343		42,044

License royalties		5,425		5,746		14,147		13,844

Franchise royalties		1,047		1,104		2,027		2,101
Franchise fees		451		135		548		242
Total franchise fees and royalties		1,498		1,239		2,575		2,343

Advertising fund revenue		697		772		1,179		1,267

Total revenues	$	29,726	$	29,330	$	60,244	$	59,498

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

	Thirteen weeks ended				Twenty-six weeks ended
	September 29, 2019		September 23, 2018		September 29 , 201 9		September 23, 2018

United States	$	28,235	$	28,620	$	57,622	$	57,476
International		1,491		710		2,622		2,022
Total revenues	$	29,726	$	29,330	$	60,244	$	59,498

Contract balances

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

		September 29 , 2019				March 31, 2019
Deferred franchise fees (a)		$	2,516			$	3,005

(a)

Deferred franchise fees of

$301

and

$2,215

as of

September 29, 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):

	Twenty-six weeks ended
	September 29, 2019			September 23, 2018
Deferred franchise fees at beginning of period		3,005			3,139 (a	)
Revenue recognized during the period		(548	)		(242	)
New deferrals due to cash received and other		59			706
Deferred franchise fees at end of period	$	2,516		$	3,603

(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)	$	152
2021		296
2022		286
2023		249
2024		233
Thereafter		1,300
Total	$	2,516

(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

$548

of franchise fee revenue recognized for the

twenty-six

weeks ended

September 29, 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.