Segment Information (Tables)

3 Months Ended

Mar. 27, 2022

Segment Information

Schedule of Segment Reporting Information, by Segment

	Three Months Ended
	March 27,		March 28,
(In thousands)	2022		2021
Revenues:
Domestic Company-owned restaurants	$	198,765	$	197,234
North America franchising		34,268		32,715
North America commissaries		209,679		184,878
International		42,707		42,604
All others		57,273		54,315
Total revenues	$	542,692	$	511,746
Intersegment revenues:
North America franchising	$	1,053	$	1,060
North America commissaries		58,507		52,070
All others		19,379		19,148
Total intersegment revenues	$	78,939	$	72,278
Operating income:
Domestic Company-owned restaurants (1)	$	1,989	$	15,324
North America franchising		32,137		30,443
North America commissaries		9,334		9,713
International (2)		4,455		8,364
All others		3,719		6,118
Unallocated corporate expenses (3)		(37,111)		(23,162)
Elimination of intersegment (profits) losses		(88)		62
Total operating income	$	14,435	$	46,862
Property and equipment, net:
Domestic Company-owned restaurants	$	220,357
North America commissaries		149,503
International		14,857
All others		112,037
Unallocated corporate assets		234,115
Accumulated depreciation and amortization		(514,616)
Total property and equipment, net	$	216,253

(1) Includes a one-time, non-cash charge of $8.4 million associated with the refranchising of the Company’s ownership interest in a 90-restaurant joint venture, recorded as Refranchising and impairment loss. See Note 10 for additional information.

(2) Includes $3.5 million of one-time, non-cash reserves for certain accounts receivable and impairments of reacquired franchise rights in the first quarter of 2022. See Notes 2 and 10 for additional information.

(3) For the first quarter of 2022, Unallocated corporate expenses include $13.9 million of one-time, non-cash reserves of certain notes receivable and $5.0 million for the Legal Settlement. For the first quarter of 2021, Unallocated corporate expense includes $3.9 million of reorganization costs. See Notes 2 and 9 for additional information.

Schedule of revenue disaggregated by major product line

In the following tables, revenues are disaggregated by major product/service line. The tables also include a reconciliation of the disaggregated revenues by the reportable segment (in thousands):

	Reportable Segments
	Three Months Ended March 27, 2022
Major Products/Services Lines		Domestic Company-owned restaurants		North America franchising		North America commissaries		International		All others		Total
Company-owned restaurant sales	$	198,765	$	-	$	-	$	-	$	-	$	198,765
Franchise royalties and fees		-		35,321		-		13,435		-		48,756
Commissary sales		-		-		268,186		21,182		-		289,368
Other revenues		-		-		-		8,090		76,652		84,742
Eliminations		-		(1,053)		(58,507)		-		(19,379)		(78,939)
Total segment revenues	$	198,765	$	34,268	$	209,679	$	42,707	$	57,273	$	542,692
International other revenues (1)		-		-		-		(8,090)		8,090		-
Total revenues	$	198,765	$	34,268	$	209,679	$	34,617	$	65,363	$	542,692
	Reportable Segments
	Three Months Ended March 28, 2021
Major Products/Services Lines		Domestic Company-owned restaurants		North America franchising		North America commissaries		International		All others		Total
Company-owned restaurant sales	$	197,234	$	-	$	-	$	-	$	-	$	197,234
Franchise royalties and fees		-		33,775		-		12,208		-		45,983
Commissary sales		-		-		236,948		22,399		-		259,347
Other revenues		-		-		-		7,997		73,463		81,460
Eliminations		-		(1,060)		(52,070)		-		(19,148)		(72,278)
Total segment revenues	$	197,234	$	32,715	$	184,878	$	42,604	$	54,315	$	511,746
International other revenues (1)		-		-		-		(7,997)		7,997		-
Total revenues	$	197,234	$	32,715	$	184,878	$	34,607	$	62,312	$	511,746

(1) Other revenues as reported in the Condensed Consolidated Statements of Operations include $8.1 million and $8.0 million of revenue for the three months ended March 27, 2022 and March 28, 2021, respectively, that are part of the international reporting segment. These amounts include marketing fund contributions and sublease rental income from international franchisees in the United Kingdom that provide no significant contribution to operating income but must be reported on a gross basis under accounting requirements. The related expenses for these Other revenues are reported in Other expenses in the Condensed Consolidated Statements of Operations.