| Schedule of Changes in Contract Asset and Liability |
Changes in the Company's contract liability for deferred franchise and regional development fees during the year ended December 31, 2019 and 2018 were as follows (in thousands):
|
|
|
|
|
|
|
Deferred Revenue
short and long-term |
| Balance at December 31, 2017 |
$ |
11,547 |
|
| Recognized as revenue during the year ended December 31, 2018 |
(2,287) |
|
| Fees received and deferred during the year ended December 31, 2018 |
4,349 |
|
| Balance at December 31, 2018 |
$ |
13,609 |
|
| Recognized as revenue during the year ended December 31, 2019 |
(2,595) |
|
| Fees received and deferred, net |
4,093 |
|
| Balance at December 31, 2019 |
$ |
15,107 |
|
Changes in the Company's contract assets for deferred franchise costs during the year ended December 31, 2019 and 2018 were as follows (in thousands):
|
|
|
|
|
|
|
Deferred Franchise Costs
short and long-term
|
| Balance at December 31, 2017 |
$ |
2,811 |
|
| Recognized as cost of revenue during the year ended December 31, 2018 |
(631) |
|
| Costs incurred and deferred during the year ended December 31, 2018 |
1,309 |
|
| Balance at December 31, 2018 |
$ |
3,489 |
|
| Recognized as cost of revenue during the year ended December 31, 2019 |
(812) |
|
| Costs incurred and deferred, net |
1,716 |
|
| Balance at December 31, 2019 |
$ |
4,393 |
|
|
| Schedule of Revenue Expected to be Recognized Related to Performance Obligations |
The following table illustrates revenues expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) as of December 31, 2019 (in thousands):
|
|
|
|
|
|
| Contract liabilities expected to be recognized in |
Amount |
| 2020 |
$ |
2,741 |
|
| 2021 |
2,626 |
|
| 2022 |
2,240 |
|
| 2023 |
1,907 |
|
| 2024 |
1,477 |
|
| Thereafter |
4,116 |
|
| Total |
$ |
15,107 |
|
|