Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 29, 2026

Cash and Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

Cash and Cash Equivalents

The Company considers all highly liquid investment securities with remaining maturities at the date of purchase of three months or less to be cash equivalents. Cash held related to IHOP advertising funds and the Company's gift card programs is not considered to be restricted cash as there are no restrictions on the use of these funds.

The components of cash and cash equivalents were as follows:


	March 29, 2026		December 28, 2025
	(In millions)
Money market funds	$	2.0	$	2.0
Other depository accounts, including IHOP advertising and gift card	102.2		126.2

Total cash and cash equivalents	$	104.2	$	128.2

Current Restricted Cash

Current restricted cash primarily consisted of cash required to be held in trust in connection with the Company's securitized debt and cash for Applebee's and Fuzzy's advertising funds. The components of current restricted cash were as follows:



	March 29, 2026		December 28, 2025
	(In millions)
Securitized debt reserves	$	42.4	$	46.0


Applebee's and Fuzzy's advertising funds	4.3		5.5
Total current restricted cash	$	46.7	$	51.5

Non-current Restricted Cash

Non-current restricted cash of $22.0 million as of March 29, 2026 and December 28, 2025, respectively, represents interest reserves contractually restricted as required under the terms of our debt agreements.