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Variable Interest Entities
 6 Months Ended
Jun. 30, 2018
Variable Interest Entity, Consolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]  
Variable Interest Entities
Variable Interest Entities
The carrying values of VIEs included in the consolidated financial statements as of June 30, 2018 and December 31, 2017 are as follows: 
 
 
June 30, 2018
 
December 31, 2017
 
 
Assets
 
Liabilities
 
Assets
 
Liabilities
PF Melville
 
$
4,603

 
$
—

 
$
4,420

 
$
—

MMR
 
3,461

 
—

 
3,360

 
—

Total
 
$
8,064

 
$
—

 
$
7,780

 
$
—


 
The Company also has variable interests in certain franchisees mainly through the guarantee of certain debt and lease agreements by the Company and by certain related parties to franchisees. The Company’s maximum obligation, as a result of its guarantees of leases and debt, is approximately $858 and $979 as of June 30, 2018 and December 31, 2017, respectively.
The amount of the Company’s maximum obligation represents a loss that the Company could incur from the variability in credit exposure without consideration of possible recoveries through insurance or other means. In addition, the amount bears no relation to the ultimate settlement anticipated to be incurred from the Company’s involvement with these entities, which is estimated at $0.