Current Expected Credit Losses ("CECL") (Tables)

9 Months Ended

Sep. 30, 2022

Credit Loss [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Receivables due from distributors are related to the sale of IHOP’s proprietary pancake and waffle dry mix to franchisees through the Company’s network of suppliers and distributors and are included as part of Other receivables.

	September 30, 2022		December 31, 2021
	(In millions)
Accounts receivable	$	61.5	$	63.6
Gift card receivables	6.2		33.4
Notes receivable	17.9		19.7
Financing receivables:
Equipment leases receivable	28.4		33.4
Real estate leases receivable	19.9		16.7
Other	8.5		7.6
	142.4		174.4
Less: allowance for credit losses	(9.7)		(11.9)
	132.7		162.5
Less: current portion	(89.5)		(120.0)
Long-term receivables	$	43.2	$	42.5

Schedule of Changes in Allowance for Credit Losses

Changes in the allowance for credit losses during the nine months ended September 30, 2022 were as follows:

	Accounts Receivable		Notes receivable, short-term		Notes receivable, long-term		Lease Receivables		Equipment Notes		Other (1)		Total
	(In millions)
Balance, December 31, 2021	$	1.0	$	3.8	$	6.6	$	0.2	$	0.1	$	0.2	$	11.9
Bad debt (credit) expense	(0.3)		1.0		(1.2)		(0.1)		0.1		0.0		(0.5)
Advertising provision adjustment	0.1		(0.5)		(0.2)		—		—		—		(0.6)
Write-offs	(0.2)		(0.7)		—		—		—		(0.2)		(1.1)
Recoveries	0.0		—		—		—		0.0		—		0.0
Balance, September 30, 2022	$	0.6	$	3.6	$	5.2	$	0.1	$	0.2	$	0.0	$	9.7

(1) Primarily distributor receivables, gift card receivables and credit card receivables

Schedule of Delinquency Status of Receivable

The delinquency status of receivables (other than accounts receivable, gift card receivables and distributor receivables) at September 30, 2022 was as follows:

	Notes receivable, short-term		Notes receivable, long-term		Lease Receivables		Equipment Notes		Other (1)		Total
	(In millions)
Current	$	4.4	$	11.9	$	19.9	$	28.4	$	2.3	$	66.9
30-59 days	0.0		—		—		—		—		0.0
60-89 days	0.0		—		—		—		—		0.0
90-119 days	0.1		—		—		—		—		0.1
120+ days	1.5		—		—		—		—		1.5
Total	$	6.0	$	11.9	$	19.9	$	28.4	$	2.3	$	68.5

(1) Primarily credit card receivables

Financing Receivable Credit Quality Indicators

The year of origination of the Company's notes receivable and financing receivables is as follows:

	Notes receivable, short and long-term		Lease Receivables		Equipment Notes		Total
	(In millions)
2022	$	1.7	$	8.4	$	—	$	10.1
2021	10.7		2.6		—		13.3
2020	0.4		1.4		—		1.8
2019	0.0		0.8		—		0.8
2018	—		—		—		0.0
Prior	5.1		6.7		28.4		40.2
Total	$	17.9	$	19.9	$	28.4	$	66.2