REVENUE RECOGNITION

6 Months Ended

Dec. 23, 2020

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Deferred Franchise and Development Fees

Our deferred franchise and development fees consist of the unrecognized fees received from franchisees. Recognition of these fees in subsequent periods is based on satisfaction of the contractual performance obligations of the active contracts with franchisees. We also expect to earn subsequent period royalties and advertising fees related to our franchise contracts; however, due to the variability and uncertainty of these future revenues based upon a sales-based measure, these future revenues are not yet estimable as the performance obligations remain unsatisfied.

	Deferred Franchise and Development Fees
Balance as of June 24, 2020	$	12.7
Additions	0.1
Amount recognized to Franchise and other revenues	(0.9)
Balance as of December 23, 2020	$	11.9

Fiscal Year	Franchise and Development Fees Revenue Recognition
Remainder of 2021	$	0.5
2022	1.0
2023	1.0
2024	1.0
2025	0.9
Thereafter	7.5
	$	11.9

Deferred Gift Card Revenues

Total deferred revenues related to our gift cards include the full value of unredeemed gift card balances less recognized breakage and the unamortized portion of third party fees.

	Gift Card Liability
Balance as of June 24, 2020	$	109.9
Gift card sales	67.6
Gift card redemptions recognized to Company sales	(41.7)
Gift card breakage recognized to Franchise and other revenues	(4.9)
Other	(1.0)
Balance as of December 23, 2020	$	129.9