NOTE D – REVENUES

The Company’s disaggregated revenues for the

thirteen

and

thirty-nine

weeks ended

December 29, 2019

and

December 23, 2018

are as follows (in thousands):

	Thirteen weeks ended				Thirty-nine weeks ended
	Dec ember 2 9 , 201 9		December 23, 2018		December 29, 2019		December 23, 2018

Branded Products	$	13,694	$	12,453	$	45,989	$	44,308
Company-operated restaurants		1,662		1,951		11,710		12,140
Total sales		15,356		14,404		57,699		56,448

License royalties		4,412		4,316		18,559		18,160

Franchise royalties		802		805		2,829		2,906
Franchise fees		233		106		781		348
Total franchise fees and royalties		1,035		911		3,610		3,254

Advertising fund revenue		573		591		1,752		1,858

Total revenues	$	21,376	$	20,222	$	81,620	$	79,720

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

	Thirteen weeks ended				Thirty-nine weeks ended
	December 29 , 201 9		December 23, 2018		December 29 , 201 9		December 23, 2018

United States	$	20,308	$	19,546	$	77,930	$	77,022
International		1,068		676		3,690		2,698
Total revenues	$	21,376	$	20,222	$	81,620	$	79,720

Contract balances

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

		Dec ember 29 , 2019				March 31, 2019
Deferred franchise fees (a)		$	2,314			$	3,005

(a)

Deferred franchise fees of

$278

and

$2,036

as of

December 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):

	Thirty-nine weeks ended
	Dec ember 29, 2019			December 23, 2018
Deferred franchise fees at beginning of period		3,005			3,139	(a)
Revenue recognized during the period		(781	)		(348	)
New deferrals due to cash received and other		90			828
Deferred franchise fees at end of period	$	2,314		$	3,619

(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)	$	71
2021		276
2022		266
2023		242
2024		231
Thereafter		1,228
Total	$	2,314

(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

$781

of franchise fee revenue recognized for the

thirty-nine

weeks ended

December 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.