Revenue Disclosures

6 Months Ended

Jun. 14, 2020

Revenue from Contract with Customer [Abstract]

Revenue Disclosures

6. Revenue Disclosures

Contract Liabilities

Contract liabilities primarily consist of deferred franchise fees and deferred development fees. Changes in deferred franchise fees and deferred development fees were as follows:

	Two Fiscal Quarters Ended
	June 14, 2020			June 16, 2019
Deferred franchise fees and deferred development fees at beginning of period	$	20,463		$	19,900
Revenue recognized during the period		(2,793	)		(2,630	)
New deferrals due to cash received and other		3,092			1,807
Deferred franchise fees and deferred development fees at end of period	$	20,762		$	19,077

Advertising Fund Assets

As of June 14, 2020, advertising fund assets, restricted of $113.1 million consisted of $84.2 million of cash and cash equivalents, $23.4 million of accounts receivable and $5.5 million of prepaid expenses. As of June 14, 2020, advertising fund cash and cash equivalents included $4.2 million of cash contributed from Company-owned stores that had not yet been expended.

As of December 29, 2019, advertising fund assets, restricted of $105.4 million consisted of $84.0 million of cash and cash equivalents, $15.3 million of accounts receivable and $6.1 million of prepaid expenses. As of December 29, 2019, advertising fund cash and cash equivalents included $3.5 million of cash contributed from U.S. Company-owned stores that had not yet been expended.