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Revenue Recognition (Tables)
12 Months Ended
Dec. 30, 2018
Revenue Recognition  
Schedule of revenue disaggregated by major product line

In the following table (in thousands), revenue is disaggregated by major product line. The table also includes a reconciliation of the disaggregated revenue with the reportable segments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reportable Segments

 

 

Year Ended December 30, 2018

Major Products/Services Lines

 

 

Domestic Company-owned restaurants

 

 

North America commissaries

 

 

North America franchising

 

 

International

 

 

All others

 

 

Total

Company-owned restaurant sales

 

$

692,380

 

$

 -

 

$

 -

 

$

6,237

 

$

 -

 

$

698,617

Commissary sales

 

 

 -

 

 

811,191

 

 

 -

 

 

68,124

 

 

 -

 

 

879,315

Franchise royalties and fees

 

 

 -

 

 

 -

 

 

82,258

 

 

35,988

 

 

 -

 

 

118,246

Other revenues

 

 

 -

 

 

 -

 

 

 -

 

 

21,202

 

 

91,205

 

 

112,407

Eliminations

 

 

 -

 

 

(201,325)

 

 

(2,965)

 

 

(283)

 

 

(30,696)

 

 

(235,269)

Total

 

$

692,380

 

$

609,866

 

$

79,293

 

$

131,268

 

$

60,509

 

$

1,573,316

 

Schedule of information about contract liabilities

The contract liabilities primarily relate to franchise fees which we classify as “Deferred revenue” and customer loyalty program obligations which are classified with “Accrued expenses and other current liabilities.” During the year ended December 30, 2018, the Company recognized $15.7 million in revenue, related to deferred revenue and customer loyalty program.

 

 

 

 

 

 

 

 

 

 

 

 

 

Contract Liabilities (in thousands)

 

 

 

December 30, 2018

 

 

January 1, 2018

 

 

Change

Deferred revenue

 

$

17,122

 

$

15,850

 

$

1,272

Customer loyalty program

 

 

18,019

 

 

14,724

 

 

3,295

Total contract liabilities

 

$

35,141

 

$

30,574

 

$

4,567