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Variable Interest Entities
 6 Months Ended
Jun. 30, 2019
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, 2019 and December 31, 2018 are as follows: 
 
 
June 30, 2019
 
December 31, 2018
 
 
Assets
 
Liabilities
 
Assets
 
Liabilities
PF Melville
 
$
2,762

 
$
—

 
$
4,787

 
$
—

MMR
 
2,260

 
—

 
3,563

 
—

Total
 
$
5,022

 
$
—

 
$
8,350

 
$
—


 
The Company also has variable interests in certain franchisees mainly through the guarantee of lease agreements. The Company’s maximum obligation, as a result of its guarantees of leases, is approximately $10,443 and $732 as of June 30, 2019 and December 31, 2018, respectively. In 2019, in connection with a real estate partnership, the Company began guaranteeing certain leases of its franchisees up to a maximum period of ten years with earlier expiration dates possible if certain conditions are met.
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.