0000049754-20-000020 | 10-Q | XBRL Viewer

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Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2020	Oct. 21, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-15283
Entity Registrant Name	Dine Brands Global, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-3038279
Entity Address, Address Line One	450 North Brand Boulevard,
Entity Address, City or Town	Glendale,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91203-1903
City Area Code	(818)
Local Phone Number	240-6055
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	DIN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Small Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		16,418,749
Entity Central Index Key	0000049754
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 309,278	$ 116,043
Receivables, net of allowance of $12,221 (2020) and $3,138 (2019)	122,148	136,869
Restricted cash	47,511	40,732
Prepaid gift card costs	25,690	36,077
Prepaid income taxes	13,831	13,290
Other current assets	5,942	3,906
Total current assets	524,400	346,917
Other intangible assets, net	552,943	575,103
Operating lease right-of-use assets	355,766	366,931
Goodwill	251,628	343,862
Property and equipment, net	195,105	216,420
Long-term receivables, net of allowance of $9,854 (2020) and $8,155 (2019)	69,898	85,999
Deferred rent receivable	62,458	70,308
Non-current restricted cash	32,800	15,700
Other non-current assets, net	25,918	28,271
Total assets	2,070,916	2,049,511
Current liabilities:
Current maturities of long-term debt	13,000	0
Accounts payable	28,930	40,925
Gift card liability	114,495	159,019
Current maturities of operating lease obligations	75,470	72,815
Current maturities of finance lease and financing obligations	13,116	13,669
Accrued employee compensation and benefits	17,498	23,904
Dividends payable	0	11,702
Deferred franchise revenue, short-term	7,862	10,086
Accrued advertising expenses	28,338	8,760
Other accrued expenses	22,402	17,032
Total current liabilities	321,111	357,912
Long-term debt	1,494,538	1,288,248
Operating lease obligations, less current maturities	351,927	359,025
Finance lease obligations, less current maturities	72,349	77,393
Financing obligations, less current maturities	34,488	37,682
Deferred income taxes, net	83,502	98,499
Deferred franchise revenue, long-term	54,101	56,944
Other non-current liabilities	15,264	15,582
Total liabilities	2,427,280	2,291,285
Commitments and contingencies
Stockholders’ deficit:
Preferred stock	0	0
Common stock, $0.01 par value; shares: 40,000,000 authorized; September 30, 2020 - 24,883,124 issued, 16,416,695 outstanding; December 31, 2019 - 24,925,447 issued, 16,521,921 outstanding	249	249
Additional paid-in-capital	255,907	246,192
(Accumulated deficit) retained earnings	(53,992)	61,653
Accumulated other comprehensive loss	(56)	(58)
Treasury stock, at cost; shares: September 30, 2020 - 8,466,429; December 31, 2019 - 8,403,526	(558,472)	(549,810)
Total stockholders’ deficit	(356,364)	(241,774)
Total liabilities and stockholders’ deficit	$ 2,070,916	$ 2,049,511

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Receivables, allowance for credit loss	$ 12,221	$ 3,138
Long-term receivables, allowance for credit loss	$ 9,854	$ 8,155
Preferred stock, par value (in dollars per share)	$ 1	$ 1
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	24,883,124	24,925,447
Common stock, shares outstanding (in shares)	16,416,695	16,521,921
Treasury stock, shares (in shares)	8,466,429	8,403,526

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Rental revenues	$ 26,194	$ 28,970	$ 78,910	$ 89,559
Total revenues	176,643	217,405	493,239	682,667
Cost of revenues:
Franchise expenses	60,635	74,577	167,165	233,787
Company restaurant expenses	28,303	30,361	79,774	93,131
Interest expense from finance leases	1,106	1,351	3,453	4,325
Other rental expenses	19,692	21,251	61,121	63,841
Rental expenses	20,798	22,602	64,574	68,166
Financing expenses	123	145	393	437
Total cost of revenues	109,859	127,685	311,906	395,521
Gross profit	66,784	89,720	181,333	287,146
General and administrative expenses	36,873	38,922	105,351	121,105
Interest expense, net	16,844	15,238	49,143	45,233
Impairment and closure charges	168	157	124,521	640
Amortization of intangible assets	2,659	2,925	8,240	8,774
Loss on extinguishment of debt	0	0	0	8,276
Loss on disposition of assets	1,087	746	2,630	1,187
Income (loss) before income taxes	9,153	31,732	(108,552)	101,931
Income tax benefit (provision)	865	(7,815)	6,119	(24,981)
Net income (loss)	10,018	23,917	(102,433)	76,950
Other comprehensive income (loss) net of tax:
Foreign currency translation adjustment	2	(1)	2	0
Total comprehensive income (loss)	10,020	23,916	(102,431)	76,950
Net income (loss) available to common stockholders:
Net (loss) income	10,018	23,917	(102,433)	76,950
Less: Net income allocated to unvested participating restricted stock	(329)	(795)	(420)	(2,621)
Net income available to common stockholders - basic	$ 9,689	$ 23,122	$ (102,853)	$ 74,329
Net income (loss) available to common stockholders per share:
Basic (USD per share)	$ 0.60	$ 1.38	$ (6.34)	$ 4.35
Diluted (USD per share)	$ 0.60	$ 1.36	$ (6.34)	$ 4.27
Weighted average shares outstanding:
Basic (in shares)	16,221	16,762	16,229	17,095
Diluted (in shares)	16,283	17,055	16,229	17,432
Franchise revenues
Revenues:
Revenue from contract with customer, excluding assessed tax	$ 121,752	$ 156,200	$ 334,665	$ 487,794
Royalties, franchise fees and other
Revenues:
Revenue from contract with customer, excluding assessed tax	69,820	88,686	191,915	275,912
Advertising revenues
Revenues:
Revenue from contract with customer, excluding assessed tax	51,932	67,514	142,750	211,882
Company restaurant sales
Revenues:
Revenue from contract with customer, excluding assessed tax	27,353	30,548	75,427	100,034
Financing revenues
Revenues:
Revenue from contract with customer, excluding assessed tax	1,344	1,687	4,237	5,280
Advertising fees
Revenues:
Revenue from contract with customer, excluding assessed tax	51,932	67,514	142,750	211,882
Cost of revenues:
Franchise expenses	51,932	67,514	142,750	211,882
Bad debt expense (credit)
Cost of revenues:
Franchise expenses	2,845	(662)	8,416	(1,254)
Other franchise expenses
Cost of revenues:
Franchise expenses	$ 5,858	$ 7,724	$ 15,999	$ 23,159

Consolidated Statements of Stockholders' Deficit - USD ($) $ in Thousands	Total	Revision of Prior Period, Accounting Standards Update, Adjustment	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Deficit Revision of Prior Period, Accounting Standards Update, Adjustment	Accumulated Other Comprehensive Loss	Treasury Stock
Common stock, shares, outstanding, beginning (in shares) at Dec. 31, 2018			17,644,000					7,341,000
Stockholders' equity balance, beginning of the period at Dec. 31, 2018	$ (202,273)	$ (5,030)	$ 250	$ 237,726	$ 10,414	$ (5,030)	$ (60)	$ (450,603)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	76,950				76,950
Other comprehensive income	0
Purchase of Company common stock (in shares)			1,067,000					1,067,000
Purchase of Company common stock	(90,073)							$ (90,073)
Reissuance of treasury stock (in shares)			(260,000)					(260,000)
Reissuance of treasury stock	10,671		$ (1)	(736)				$ 11,408
Net issuance of shares for stock plans (in shares)			(23,000)
Repurchase of restricted shares for taxes (in shares)			(28,000)
Repurchase of restricted shares for taxes	(2,589)			(2,589)
Stock-based compensation	8,220			8,220
Dividends on common stock	(35,658)			737	(36,395)
Common stock, shares, outstanding, ending (in shares) at Sep. 30, 2019			16,786,000					8,148,000
Stockholders' equity balance, ending of the period at Sep. 30, 2019	(239,782)		$ 249	243,358	45,939		(60)	$ (529,268)
Common stock, shares, outstanding, beginning (in shares) at Dec. 31, 2018			17,644,000					7,341,000
Stockholders' equity balance, beginning of the period at Dec. 31, 2018	$ (202,273)	(5,030)	$ 250	237,726	10,414	(5,030)	(60)	$ (450,603)
Common stock, shares, outstanding, ending (in shares) at Dec. 31, 2019	16,521,921		16,522,000					8,404,000
Stockholders' equity balance, ending of the period at Dec. 31, 2019	$ (241,774)	(497)	$ 249	246,192	61,653	(497)	(58)	$ (549,810)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Common stock, shares, outstanding, beginning (in shares) at Jun. 30, 2019			17,252,000					7,697,000
Stockholders' equity balance, beginning of the period at Jun. 30, 2019	$ (215,125)		$ 249	240,555	33,832		(59)	$ (489,702)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	23,917				23,917
Other comprehensive income	(1)						(1)
Purchase of Company common stock (in shares)			524,000					524,000
Purchase of Company common stock	(42,717)							$ (42,717)
Reissuance of treasury stock (in shares)			(73,000)					(73,000)
Reissuance of treasury stock	3,733			582				$ 3,151
Net issuance of shares for stock plans (in shares)			(11,000)
Repurchase of restricted shares for taxes (in shares)			(4,000)
Repurchase of restricted shares for taxes	(347)			(347)
Stock-based compensation	2,326			2,326
Dividends on common stock	(11,568)			242	(11,810)
Common stock, shares, outstanding, ending (in shares) at Sep. 30, 2019			16,786,000					8,148,000
Stockholders' equity balance, ending of the period at Sep. 30, 2019	$ (239,782)		$ 249	243,358	45,939		(60)	$ (529,268)
Common stock, shares, outstanding, beginning (in shares) at Dec. 31, 2019	16,521,921		16,522,000					8,404,000
Stockholders' equity balance, beginning of the period at Dec. 31, 2019	$ (241,774)	$ (497)	$ 249	246,192	61,653	$ (497)	(58)	$ (549,810)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(102,433)				(102,433)
Other comprehensive income	2
Purchase of Company common stock (in shares)			460,000					460,000
Purchase of Company common stock	$ (26,527)							$ (26,527)
Reissuance of treasury stock (in shares)	(396,996)		(397,000)					(397,000)
Reissuance of treasury stock	$ 20,523			2,658				$ 17,865
Net issuance of shares for stock plans (in shares)			(7,000)
Repurchase of restricted shares for taxes (in shares)			(35,000)
Repurchase of restricted shares for taxes	(2,438)			(2,438)
Stock-based compensation	9,193			9,193
Dividends on common stock	(12,208)			507	(12,715)
Other	$ (205)			(205)
Common stock, shares, outstanding, ending (in shares) at Sep. 30, 2020	16,416,695		16,417,000					8,467,000
Stockholders' equity balance, ending of the period at Sep. 30, 2020	$ (356,364)		$ 249	255,907	(53,992)		(56)	$ (558,472)
Common stock, shares, outstanding, beginning (in shares) at Jun. 30, 2020			16,418,000					8,483,000
Stockholders' equity balance, beginning of the period at Jun. 30, 2020	(368,571)		$ 249	254,429	(64,010)		(58)	$ (559,181)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	10,018				10,018
Other comprehensive income	2						2
Reissuance of treasury stock (in shares)			(16,000)					(16,000)
Reissuance of treasury stock	0			(709)				$ 709
Net issuance of shares for stock plans (in shares)			(11,000)
Repurchase of restricted shares for taxes (in shares)			(6,000)
Repurchase of restricted shares for taxes	(309)			(309)
Stock-based compensation	2,523			2,523
Other	$ (27)			(27)
Common stock, shares, outstanding, ending (in shares) at Sep. 30, 2020	16,416,695		16,417,000					8,467,000
Stockholders' equity balance, ending of the period at Sep. 30, 2020	$ (356,364)		$ 249	$ 255,907	$ (53,992)		$ (56)	$ (558,472)

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net (loss) income	$ (102,433)	$ 76,950
Adjustments to reconcile net (loss) income to cash flows provided by operating activities:
Impairment and closure charges	124,469	640
Depreciation and amortization	32,053	31,515
Non-cash stock-based compensation expense	9,193	8,220
Non-cash interest expense	1,990	2,722
Deferred income taxes	24,172	(2,890)
Deferred revenue	(5,067)	(6,590)
Loss on extinguishment of debt	0	8,276
Loss on disposition of assets	2,630	1,187
Other	1,173	(4,584)
Changes in operating assets and liabilities:
Accounts receivable, net	(27,849)	4,233
Current income tax receivables and payables	(41,426)	7,101
Gift card receivables and payables	(1,980)	(15,868)
Other current assets	(2,034)	(3,519)
Accounts payable	6,777	359
Accrued employee compensation and benefits	(6,406)	(6,069)
Accrued advertising	19,579	(1,366)
Other current liabilities	1,887	5,282
Cash flows provided by operating activities	36,728	105,599
Cash flows from investing activities:
Principal receipts from notes, equipment contracts and other long-term receivables	15,731	16,156
Net additions to property and equipment	(9,088)	(13,360)
Proceeds from sale of property and equipment	517	400
Additions to long-term receivables	(1,475)	(6,955)
Other	(358)	(258)
Cash flows provided by (used in) investing activities	5,327	(4,017)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	1,300,000
Repayment of long-term debt	0	(1,283,750)
Borrowing from revolving credit facility	220,000	0
Repayment of revolving credit facility	0	(25,000)
Payment of debt issuance costs	0	(12,707)
Dividends paid on common stock	(23,934)	(35,273)
Repurchase of common stock	(29,853)	(90,073)
Principal payments on finance lease obligations	(9,034)	(10,329)
Proceeds from stock options exercised	20,523	10,672
Tax payments for restricted stock upon vesting	(2,438)	(2,589)
Other	(205)	0
Cash flows provided by (used in) financing activities	175,059	(149,049)
Net change in cash, cash equivalents and restricted cash	217,114	(47,467)
Cash, cash equivalents and restricted cash at beginning of period	172,475	200,379
Cash, cash equivalents and restricted cash at end of period	389,589	152,912
Supplemental disclosures:
Interest paid in cash	51,706	49,554
Income taxes paid in cash	$ 11,348	$ 34,337

General	9 Months Ended
General	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General The accompanying unaudited consolidated financial statements of Dine Brands Global, Inc. (the “Company” or “Dine Brands Global”) have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The operating results for the nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the twelve months ending December 31, 2020. The consolidated balance sheet at December 31, 2019 has been derived from the audited consolidated financial statements at that date but does not include all of information and footnotes required by U.S. GAAP for complete financial statements. These consolidated financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

Basis of Presentation	9 Months Ended
Basis of Presentation	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Company’s fiscal quarters end on the Sunday closest to the last day of each calendar quarter. For convenience, the fiscal quarters of each year are referred to as ending on March 31, June 30, September 30 and December 31. The first fiscal quarter of 2020 began on December 30, 2019 and ended on March 29, 2020; the second and third fiscal quarters of 2020 ended on June 28, 2020 and September 27, 2020, respectively. The first fiscal quarter of 2019 began on December 31, 2018 and ended on March 31, 2019; the second and third fiscal quarters of 2019 ended on June 30, 2019 and September 29, 2019, respectively. The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries that are consolidated in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated. The preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make assumptions and estimates that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities, if any, at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates are made in the calculation and assessment of the following: impairment of goodwill, other intangible assets and tangible assets; income taxes; allowance for doubtful accounts and notes receivables; lease accounting estimates; contingencies; and stock-based compensation. On an ongoing basis, the Company evaluates its estimates based on historical experience, current conditions and various other assumptions that are believed to be reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Actual results could differ from those estimates. Risks and Uncertainties The Company was subject to risks and uncertainties as a result of the rapidly spreading outbreak of a novel strain of coronavirus, designated “COVID-19.” The extent of the continued impact of the COVID-19 pandemic on the Company's business is highly uncertain and difficult to predict, as measures taken in response to and the effect of the pandemic has varied and continues to vary by state and municipalities within states. Assessments of the success of measures taken and the timing of any further restrictions, or lifting of such restrictions, is rapidly evolving. The Company first began to experience impacts from COVID-19 in March 2020, as federal, state and local governments began to react to the public health crisis by encouraging “social distancing” and requiring, in varying degrees, restaurant dine-in limitations and other restrictions that largely limited the restaurants of the Company's franchisees and its company-operated restaurants to take-out and delivery sales. Many international restaurants were temporarily closed for at least a part of March as well as a result of government restrictions put in place in various countries. Subsequent to imposition, government-imposed dine-in restrictions were relaxed in many of the locations in which the Company operates, although dining room capacity continues to be limited to 50% or less at most restaurants. Additionally, economies worldwide also have been negatively impacted by the COVID-19 pandemic, which possibly could cause a domestic and/or global economic recession. The Company has taken several actions to mitigate the effects of the COVID-19 pandemic on its operations and its franchisees, as follows: (i) drew down $220 million from its revolving credit facility, leaving available remaining borrowing under the facility of approximately $2 million; (ii) terminated repurchases of common stock for the foreseeable future; (iii) the Company's Board of Directors decided not to declare a dividend for the second, third and fourth quarters of 2020; (iv) voluntarily increased the interest reserve for securitized debt from the required $16.4 million (one quarter of estimated interest) to $32.8 million; (v) reduced discretionary costs, limited new hiring and reduced the use of independent contractors; (vi) temporarily furloughed certain team members across various functional groups at its restaurant support centers; (vii) deferred franchisee payment of royalty, advertising and other fees, and lease obligations for up to two months on a case-by-case basis; (viii) deferred franchisee remodel and development obligations for up to 15 months; (ix) engaged a national real estate firm to assist franchisees with landlord discussions regarding rent deferrals, abatements and other modifications to lease agreements; (x) negotiated deferrals and abatements for properties on which the Company was lessee and (xi) hired external consultants to work with franchisees in assessing their financial health and to better understand performance variability. The severity of the continued impact of the COVID-19 pandemic on the Company's business will depend on a number of factors, including, but not limited to, how long the pandemic will last, whether/when recurrences of the virus may arise, what restrictions on in-restaurant dining may be enacted or re-enacted, the timing and extent of customer re-engagement with the Company's brands and, in general, what the short- and long-term impact on consumer discretionary spending the COVID-19 pandemic might have on the Company and the restaurant industry as a whole, all of which are uncertain and cannot be predicted. The Company's future results of operations and liquidity could adversely be impacted by the length of time dine-in restrictions are in place and the success of any initiatives or programs that the Company may undertake to address financial and operational challenges faced by itself and its franchisees. As such, the extent to which the COVID-19 pandemic may continue to materially impact the Company's financial condition, liquidity, or results of operations is highly uncertain. Reclassifications Certain 2019 amounts previously reported have been reclassified to conform to the presentation requirements of a newly adopted accounting standard on the measurement of current expected credit losses (See Note 3). Amounts reported in 2019 have not been restated.

Accounting Standards Adopted and Newly Issued Accounting Standards Not Yet Adopted	9 Months Ended
	Sep. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Accounting Standards Adopted and Newly Issued Accounting Standards Not Yet Adopted	Accounting Standards Adopted and Newly Issued Accounting Standards Not Yet Adopted Accounting Standards Adopted in the Current Fiscal Year In February 2016, the Financial Accounting Standards Board (“FASB”) issued new guidance on the measurement of current expected credit losses (“CECL”) on financial instruments. The new guidance has replaced the incurred loss methodology of recognizing credit losses on financial instruments with a methodology that estimates the expected credit loss on financial instruments and reflects the net amount expected to be collected on the financial instrument. The Company adopted this change in accounting principle as of the first day of the first fiscal quarter of 2020 using the modified retrospective method. Accordingly, financial information for periods prior to the date of initial application has not been adjusted. Upon adoption of the new CECL guidance, the Company recognized an increase to its allowance for credit losses of $0.7 million. The Company recognized an adjustment to retained earnings upon adoption of $0.5 million, net of tax of $0.2 million. Additional new accounting guidance became effective for the Company as of the beginning of fiscal 2020 that the Company reviewed and concluded was either not applicable to its operations or had no material effect on its consolidated financial statements in the current or future fiscal years. Newly Issued Accounting Standards Not Yet Adopted In December 2019, the FASB issued new guidance intended to simplify the accounting for income taxes, change the accounting for certain income tax transactions, and make other minor changes. The Company will be required to adopt the new guidance beginning with its first fiscal quarter of 2021; early adoption in any interim period after issuance of the new guidance is permitted. The Company is currently assessing the impact this guidance will have on its consolidated financial statements but does not expect this standard to have a material effect on its financial statements. The Company does not intend to adopt the standard early. In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying current U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (LIBOR) or by another reference rate expected to be discontinued. The guidance can be adopted immediately and is applicable to contracts entered into on or before December 31, 2022. We are currently evaluating our contracts that reference LIBOR and the potential effects of adopting this new guidance. The Company reviewed all other newly issued accounting pronouncements and concluded that they either are not applicable to the Company's operations or that no material effect is expected on the Company's financial statements when adoption is required in the future.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (g)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-URI http://asc.fasb.org/topic&trid=2122394

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=112272810&loc=SL108384541-122693

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 65
-Paragraph 1
-Subparagraph (i)(2)
-URI http://asc.fasb.org/extlink&oid=113356391&loc=SL49131195-203048

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Impairment and Closure Charges

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Impairment and Closure Charges

Goodwill and Intangible Assets

Most of the Company's goodwill and intangible assets arose from the November 29, 2007 acquisition of Applebee's. The Company evaluates its goodwill and the indefinite-lived Applebee's tradename for impairment annually in the fourth quarter of each year or on an interim basis if events or changes in circumstances between annual tests indicate a potential impairment. Definite-lived intangible assets and long-lived tangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable based on estimated undiscounted future cash flows.

Because of the risks and uncertainties associated with the COVID-19 pandemic, during the three months ended March 31, 2020, the Company performed assessments to determine whether the impacts of COVID-19 indicated a potential impairment to our goodwill and intangible assets, as well as our tangible assets. In the second quarter of 2020, the Company noted that its common stock had recovered less of its early March 2020 (pre-pandemic) market value than the overall U.S. stock market had recovered. The Company also was able to assess several additional months of data as to the impact of the COVID-19 pandemic on its operations and, in turn, assess the impact that might have on the risk premium incorporated into its discount rate. Based on these developments, the Company determined that an interim quantitative test of goodwill and indefinite-lived intangible assets for impairment should be performed as of May 24, 2020. In determining fair value, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The fair value technique used in this instance is classified as Level 3, where unobservable inputs are used when little or no market data is available.

During the three months ended September 30, 2020, the Company assessed its goodwill, intangible assets and tangible assets for impairment, considering, among other things, the market value of the Company's stock, absolute and relative to peers, and the Company's operating performance during the three months ended September 30, 2020 compared to forecast results that had been used in performing the impairment analyses during the second quarter of 2020 discussed above. The Company concluded the were no indicators of additional impairment during the three months ended September 30, 2020.

In performing the quantitative test for impairment of goodwill in the second quarter of 2020, the Company used the income approach method of valuation that includes the discounted cash flow method and the market approach that includes the guideline public company method to determine the fair value of goodwill and intangible assets. Significant assumptions made by management in estimating fair value under the discounted cash flow model include future trends in sales, operating expenses, overhead expenses, depreciation, capital expenditures and changes in working capital, along with an appropriate discount rate based on the Company's estimated cost of equity capital and after-tax cost of debt. Significant assumptions used to determine fair value under the guideline public company method include the selection of guideline companies and the valuation multiples applied.

In performing the impairment review of the tradename in the second quarter of 2020, the Company used the relief of royalty method under the income approach method of valuation. Significant assumptions used to determine fair value under the relief of royalty method include future trends in sales, a royalty rate and a discount rate to be applied to forecasted revenue.

As a result of performing the quantitative test of impairment, the Company recognized an impairment of $92.2 million to the goodwill of the Applebee's franchise unit and an impairment of $11.0 million to Applebee's tradename during the three months ended June 30, 2020. The majority of the impairment was due to an increase in the assessed risk premium incorporated into the discount rate assumption.

In addition, the Company reviewed its reacquired franchising rights and determined that the carrying amount exceeded the estimated fair value by $3.3 million and has recorded an impairment to that intangible asset.

Changes in the carrying amount of goodwill for the nine months ended September 30, 2020 are as follows:


	Applebee's Franchise Unit		Applebee's Company Unit		IHOP Franchise Unit		Total
	(In millions)
Balance at December 31, 2019:	$	328.4	$	4.6	$	10.8	$	343.9
Impairment loss	(92.2)		—		—		(92.2)
Balance at September 30, 2020:	$	236.2	$	4.6	$	10.8	$	251.6

Changes in the carrying amount of intangible assets for the nine months ended September 30, 2020 are as follows:


	Not Subject to Amortization						Subject to Amortization
	Tradename		Other		Franchising Rights		Reacquired Franchising Rights		Leaseholds		Total
	(In millions)
Balance at December 31, 2019:	$	479.0	$	3.2	$	79.0	$	9.8	$	4.1	$	575.1
Impairment loss	(11.0)		—		—		(3.3)		—		(14.3)
Amortization expense	—		—		(7.5)		(0.7)		(0.1)		(8.3)
Additions	—		0.4		—		—		—		0.4
Balance at September 30, 2020:	$	468.0	$	3.6	$	71.5	$	5.8	$	4.0	$	552.9

The Company's goodwill and intangible assets are at risk of additional impairment in the future in the event of sustained downward movement in the Company's stock price, downward revisions of long-term performance assumptions or increases in the assumed long-term discount rate.

Long-lived Assets Impairment and Closure Charges

Long-lived tangible asset impairment and closure charges for the three and nine months ended September 30, 2020 were as follows:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
	(In millions)
Long-lived tangible asset impairment	$	—	$	—	$	17.1	$	—
Closure charges	0.2		0.3		0.9		0.5
Total long-lived asset impairment and closure charges	$	0.2	$	0.3	$	18.0	$	0.5

The long-lived asset impairment for the nine months ended September 30, 2020 related to 45 Applebee's company-operated restaurants and 29 IHOP franchisee-operated restaurants for which the carrying amount exceeded the undiscounted cash flows The impairment recorded represented the difference between the carrying value and the estimated fair value. Approximately $11.2 million of the total impairment related to operating lease right-of-use assets that had been recorded in 2019 upon adoption of new lease accounting guidance codified in Accounting Standards Topic 842, while $5.9 million related to impairments of land, building, leasehold improvements and finance leases. The impairments by individual property varied in amount, ranging from the largest single-property impairment of $1.3 million to less than $5,000.

Revenue Disclosures

3 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Revenue Disclosures

Franchise revenue (which comprises most of the Company's revenues) and revenue from company-operated restaurants are recognized in accordance with current guidance for revenue recognition as codified in Accounting Standards Topic 606 (“ASC 606”). Under ASC 606, revenue is recognized upon transfer of control of promised services or goods to customers in an amount that reflects the consideration the Company expects to receive for those services or goods.

Franchising Activities

The Company owns, franchises and operates the Applebee's Neighborhood Grill & Bar^® (“Applebee's”) concept in the casual dining category of the restaurant industry and the Company owns and franchises the International House of Pancakes^® (“IHOP”) concept in the family dining category of the restaurant industry. The franchise arrangement for both brands is documented in the form of a franchise agreement and, in most cases, a development agreement. The franchise arrangement between the Company as the franchisor and the franchisee as the customer requires the Company to perform various activities to support the brands that do not directly transfer goods and services to the franchisee, but instead represent a single performance obligation, which is the transfer of the franchise license. The intellectual property subject to the franchise license is symbolic intellectual property as it does not have significant standalone functionality, and substantially all the utility is derived from its association with the Company’s past or ongoing activities. The nature of the Company’s promise in granting the franchise license is to provide the franchisee with access to the respective brand’s symbolic intellectual property over the term of the license. The services provided by the Company are highly interrelated with the franchise license and as such are considered to represent a single performance obligation.

The transaction price in a standard franchise arrangement for both brands primarily consists of (a) initial franchise/development fees; (b) continuing franchise fees (royalties); and (c) advertising fees. Since the Company considers the licensing of the franchising right to be a single performance obligation, no allocation of the transaction price is required. All domestic IHOP franchise agreements require franchisees to purchase proprietary pancake and waffle dry mix from the Company.

The Company recognizes the primary components of the transaction price as follows:

•Franchise and development fees are recognized as revenue ratably on a straight-line basis over the term of the franchise agreement commencing with the restaurant opening date. As these fees are typically received in cash at or near the beginning of the franchise term, the cash received is initially recorded as a contract liability until recognized as revenue over time;

•The Company is entitled to royalties and advertising fees based on a percentage of the franchisee's gross sales as defined in the franchise agreement. Royalty and advertising revenue are recognized when the franchisee's reported sales occur. Depending on timing within a fiscal period, the recognition of revenue results in either what is considered a contract asset (unbilled receivable) or, once billed, accounts receivable, and are included in “receivables, net” in the Consolidated Balance Sheets.

•Revenue from the sale of proprietary pancake and waffle dry mix is recognized in the period in which distributors ship the franchisee's order; recognition of revenue results in an accounts receivable included in “receivables, net” in the Consolidated Balance Sheets.

In determining the amount and timing of revenue from contracts with customers, the Company exercises significant judgment with respect to collectibility of the amount; however, the timing of recognition does not require significant judgments as it is based on either the term of the franchise agreement, the month of reported sales by the franchisee or the date of product shipment, none of which require estimation. The Company does not incur a significant amount of contract acquisition costs in conducting franchising activities. The Company's franchising arrangements do not contain a significant financing component.

Company Restaurant Revenue

Sales by company-operated restaurants are recognized when food and beverage items are sold. Company restaurant sales are reported net of sales taxes collected from guests that are remitted to the appropriate taxing authorities.

The following table disaggregates franchise revenue by major type for the three and nine months ended September 30, 2020 and 2019:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
	(In thousands)
Franchise Revenue:
Royalties	$	56,061	$	72,506	$	154,672	$	226,888
Advertising fees	51,932		67,514		142,750		211,882
Pancake and waffle dry mix sales and other	10,690		13,201		27,575		40,158
Franchise and development fees	3,069		2,979		9,668		8,866
Total franchise revenue	$	121,752	$	156,200	$	334,665	$	487,794

Accounts receivable from franchisees as of September 30, 2020 and December 31, 2019 were $94.4 million (net of allowance of $7.0 million) and $63.5 million (net of allowance of $0.7 million), respectively, and were included in receivables, net in the Consolidated Balance Sheets.

Changes in the Company's contract liability for deferred franchise and development fees during the nine months ended September 30, 2020 are as follows:


	Deferred Franchise Revenue (short- and long-term)
	(In thousands)
Balance at December 31, 2019	$	67,030
Recognized as revenue during the nine months ended September 30, 2020	(9,029)
Fees deferred during the nine months ended September 30, 2020	3,962
Balance at September 30, 2020	$	61,963

The balance of deferred revenue as of September 30, 2020 is expected to be recognized as follows:


	(In thousands)
Remainder of 2020	$	1,928
2021	7,876
2022	7,233
2023	6,708
2024	6,082
Thereafter	32,136
Total	$	61,963

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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+ Details

Current Expected Credit Losses

9 Months Ended

Sep. 30, 2020

Credit Loss [Abstract]

Current Expected Credit Losses

Prior to the adoption of CECL, the Company recorded incurred loss reserves against receivable balances based on current and historical information, with delinquency status being the primary indicator of a deterioration in credit quality. The recently adopted CECL reserve methodology requires companies to measure expected credit losses on financial instruments based on the total estimated amount to be collected over the lifetime of the instrument. Under the CECL model, reserves may be established against financial asset balances even if the risk of loss is remote or has not yet manifested itself.

Upon adoption of the CECL methodology, the Company developed its estimated loss reserves in the following manner. The Company continued to record specific reserves against account balances of franchisees deemed “at-risk” when a potential loss is likely or imminent as a result of prolonged payment delinquency (greater than 90 days past due) and where notable credit deterioration has become evident. For financial assets that are not currently deemed “at-risk,” an allowance is recorded based on expected loss rates derived pursuant to the following CECL methodology that assesses four components - historical losses, current conditions, reasonable and supportable forecasts, and a reversion to history, if applicable.

Historical Losses

Historical loss rates over a five-year span were calculated for financial assets with common risk characteristics. The Company determined historical loss rate data for each franchise brand concept was more relevant than a single blended rate. Historical losses were determined based on the average charge off method. Historical loss rates are further adjusted by factors related to current conditions and forecasts of future economic conditions.

Current Conditions

The Company identified three metrics that it believes provide the most relevant reflection of the current risks inherent in the Company’s franchisee-based restaurant business, as follows: (1) delinquency status, (2) system-wide same-restaurant sales, and (3) four-wall EBITDA profitability. The current conditions adjustment factor was increased to account for the impact of the COVID-19 pandemic.

Reasonable and Supportable Forecasts

The third component in the CECL methodology involves consideration of macroeconomic conditions that can impact the estimate of expected credit losses in the future. The Company has not developed an internal methodology in this regard; rather, the Company utilizes existing, publicly accessible sources of economic data, primarily forecasts of overall unemployment rate as well as consumer spending based on the personal consumption expenditure (PCE) index.

Reversion to History

The Company has determined that reversion to history was not required since the remaining average lives of the Company’s financial assets are not exceedingly lengthy.

The Company considers its portfolio segments to be the following:

Accounts Receivable (Franchise-Related)

Most of the Company’s short-term receivables due from franchisees are derived from royalty, advertising and other franchise-related fees.

Notes Receivable

Notes receivable balances primarily relate to the conversion of certain Applebee's franchisee accounts receivable to notes receivable, cash loans to franchisees for working capital purposes, a note receivable in connection with the sale of IHOP company restaurants in June 2017, and IHOP franchise fee and other notes. The notes are typically collateralized by the franchise. Due to the riskier nature of Applebee's notes that were converted from previously delinquent franchisee accounts receivable balances, a significant portion of these notes have specific reserves recorded against them amounting to $14.4 million as of September 30, 2020.

Direct Financing Leases Receivable

Direct financing lease receivables relate to IHOP franchise development activity prior to 2003 when IHOP typically leased or purchased the restaurant site, built and equipped the restaurant, then franchised the restaurant to a franchisee. IHOP provided the financing for leasing or subleasing the site. Direct financing leases at September 30, 2020, comprised 98 leases with a weighted average remaining life of 4.1 years, and relate to locations that IHOP is leasing from third parties and subleasing to franchisees.

Equipment Leases Receivable

Equipment leases receivable also relate to IHOP franchise development activity prior to 2003. Equipment lease contracts are collateralized by the equipment in the restaurant. The estimated fair value of the equipment collateralizing these lease contracts are not deemed to be significant given the very seasoned and mature nature of this portfolio. The weighted average remaining life of the Company’s equipment leases is 5.6 years as of September 30, 2020.

Distributor Receivables

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.

Gift Card Receivables

Gift card receivables consist primarily of amounts due from third-party vendors. Receivables related to gift card sales are subject to seasonality and usually peak around year end as a result of the December holiday season.


	September 30, 2020		December 31, 2019
	(In millions)
Accounts receivable	$	99.7	$	60.8
Gift card receivables	3.8		46.7
Notes receivable	28.9		28.9
Financing receivables:
Equipment leases receivable	49.8		56.3
Direct financing leases receivable	25.5		34.0
Franchise fee notes receivable	0.1		0.1
Other	6.5		7.3
	214.1		234.2
Less: allowance for doubtful accounts and notes receivable	(22.1)		(11.3)
	192.0		222.9
Less: current portion	(122.1)		(136.9)
Long-term receivables	$	69.9	$	86.0

Changes in the allowance for credit losses during the nine months ended September 30, 2020 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, 2019	$	0.7	$	2.4	$	8.2	$	—	$	—	$	—	$	11.3
Increase due to CECL adoption	0.3		0.0		0.1		0.1		0.1		0.1		0.7
Bad debt expense for the nine months ended September 30, 2020	3.8		2.7		1.4		0.1		0.2		0.2		8.4
Advertising provision adjustment	2.4		(0.1)		(0.2)		—		—		—		2.1
Write-offs	(0.2)		(0.1)		—		(0.0)		(0.1)		—		(0.4)
Recoveries	0.0		—		—		0.0		—		—		0.0
Balance, September 30, 2020	$	7.0	$	4.9	$	9.5	$	0.2	$	0.2	$	0.3	$	22.1

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

The Company's primary credit quality indicator for all portfolio segments is delinquency. The delinquency status of receivables (other than accounts receivable, gift card receivables and distributor receivables) at September 30, 2020 was as follows:



	Notes receivable, short-term		Notes receivable, long-term		Lease Receivables		Equipment Notes		Other⁽¹⁾		Total
	(In millions)
Current	$	4.2	$	22.4	$	25.5	$	49.8	$	1.6	$	103.5
30-59 days	0.2		—		—		—		—		0.2
60-89 days	0.2		—		—		—		—		0.2
90-119 days	0.2		—		—		—		—		0.2
120+ days	1.7		—		—		—		—		1.7
Total	$	6.5	$	22.4	$	25.5	$	49.8	$	1.6	$	105.8

⁽¹⁾ Primarily credit card receivables

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



	Notes receivable, short and long-term		Lease Receivables		Equipment Notes		Total
	(In millions)
2020	$	1.9	$	1.5	$	—	$	3.4
2019	7.8		0.9		—		8.7
2018	12.8		—		—		12.8
2017	6.3		—		—		6.3
2016	—		1.3		—		1.3
Prior	0.1		21.8		49.8		71.7
Total	$	28.9	$	25.5	$	49.8	$	104.2

The Company does not place its financing receivables in non-accrual status.

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

+ References + Details

Lease Disclosures

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Lease Disclosures

The Company engages in leasing activity as both a lessee and a lessor. The majority of the Company's lease portfolio originated when the Company was actively involved in the development and financing of IHOP restaurants prior to the franchising of the restaurant to the franchisee. This activity included the Company's purchase or leasing of the site on which the restaurant was located and subsequently leasing/subleasing the site to the franchisee. With a few exceptions, the Company ended this practice in 2003 and the Company's current lease activity is predominantly comprised of renewals of existing lease arrangements and exercises of options on existing lease arrangements.

The Company currently leases from third parties the real property on which approximately 600 IHOP franchisee-operated restaurants and one Applebee's franchisee-operated restaurant are located; the Company (as lessor) subleases the property to the franchisees that operate those restaurants. The Company also leases property it owns to the franchisees that operate approximately 60 IHOP restaurants and one Applebee's restaurant. The Company leases from third parties the real property on which 69 Applebee's company-operated restaurants are located. The Company also leases office space for its principal corporate office in Glendale, California and restaurant support centers in Kansas City, Missouri and Raleigh, North Carolina. The Company does not have a significant amount of non-real estate leases.

The Company's existing leases/subleases related to IHOP restaurants generally provided for an initial term of 20 to 25 years, with most having one or more five-year renewal options. Leases related to Applebee's restaurants generally have an initial term of 10 to 20 years, with renewal terms of five to 20 years. Option periods were not included in determining liabilities and right-of-use assets related to operating leases. Approximately 115 of the Company's leases contain provisions requiring additional rent payments to the Company (as lessor) based on a percentage of restaurant sales. Approximately 240 of the Company's leases contain provisions requiring additional rent payments by the Company (as lessee) based on a percentage of restaurant sales.

The individual lease agreements do not provide information to determine the implicit interest rate in the agreements. The Company made significant judgments in determining the incremental borrowing rates that were used in calculating operating lease liabilities as of the adoption date. Due to the large number of leases, the Company applied a portfolio approach by grouping the leases based on the original lease term. The Company estimated the interest rate for each grouping primarily by reference to (i) yield rates on debt issuances by companies of a similar credit rating as the Company; (ii) U.S. Treasury rates as of the adoption date; and (iii) adjustments for differences in years to maturity.

The Company's lease cost for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	1.2	$	1.3	$	3.7	$	4.0
Interest on lease liabilities	1.6		1.9		5.0		5.9
Operating lease cost	25.7		26.5		78.8		79.8
Variable lease cost	0.2		0.6		0.5		1.9
Short-term lease cost	0.0		0.0		0.0		0.0
Sublease income	(23.9)		(26.5)		(72.0)		(81.9)
Lease cost	$	4.9	$	3.8	$	16.1	$	9.7

Future minimum lease payments under noncancelable leases as lessee as of September 30, 2020 were as follows:


	Finance Leases		Operating Leases
	(In millions)
2020 (remaining three months)	$	5.9	$	31.0
2021	16.7		90.3
2022	15.0		82.9
2023	11.9		67.9
2024	9.7		62.2
Thereafter	59.4		194.1
Total minimum lease payments	118.5		528.3
Less: interest/imputed interest	(33.9)		(101.0)
Total obligations	84.7		427.4
Less: current portion	(12.3)		(75.5)
Long-term lease obligations	$	72.3	$	351.9

The weighted average remaining lease term as of September 30, 2020 was 9.0 years for finance leases and 7.4 years for operating leases. The weighted average discount rate as of September 30, 2020 was 10.2% for finance leases and 5.7% for operating leases.

During the three and nine months ended September 30, 2020 and 2019, the Company made the following cash payments for leases:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Principal payments on finance lease obligations	$	3.0	$	3.4	$	9.0	$	10.3
Interest payments on finance lease obligations	$	1.6	$	1.9	$	5.0	$	5.9
Payments on operating leases	$	23.5	$	22.9	$	70.0	$	68.7
Variable lease payments	$	0.1	$	0.6	$	0.7	$	2.1

The Company's income from operating leases for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Minimum lease payments	$	24.3	$	25.0	$	72.2	$	76.2
Variable lease income	1.1		2.5		3.8		8.5
Total operating lease income	$	25.4	$	27.5	$	76.0	$	84.7

Minimum payments to be received as lessor under noncancelable operating leases as of September 30, 2020 were as follows:



	(In millions)
2020 (remaining three months)	$	29.0
2021	104.7
2022	101.4
2023	96.6
2024	87.7
Thereafter	220.7
Total minimum rents receivable	$	640.0

The Company's income from direct financing leases for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Interest income	$	0.8	$	1.2	$	2.6	$	3.9
Variable lease income	0.0		0.2		0.2		1.0
Total operating lease income	$	0.8	$	1.4	$	2.8	$	4.9

Minimum payments to be received as lessor under noncancelable direct financing leases as of September 30, 2020 were as follows:



	(In millions)
2020 (remaining three months)	$	3.3
2021	10.6
2022	7.8
2023	3.7
2024	1.5
Thereafter	3.9
Total minimum rents receivable	30.7
Less: unearned income	(5.3)
Total net investment in direct financing leases	25.5
Less: current portion	(9.1)
Long-term investment in direct financing leases	$	16.4

Lease Disclosures

The Company's lease cost for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	1.2	$	1.3	$	3.7	$	4.0
Interest on lease liabilities	1.6		1.9		5.0		5.9
Operating lease cost	25.7		26.5		78.8		79.8
Variable lease cost	0.2		0.6		0.5		1.9
Short-term lease cost	0.0		0.0		0.0		0.0
Sublease income	(23.9)		(26.5)		(72.0)		(81.9)
Lease cost	$	4.9	$	3.8	$	16.1	$	9.7

Future minimum lease payments under noncancelable leases as lessee as of September 30, 2020 were as follows:


	Finance Leases		Operating Leases
	(In millions)
2020 (remaining three months)	$	5.9	$	31.0
2021	16.7		90.3
2022	15.0		82.9
2023	11.9		67.9
2024	9.7		62.2
Thereafter	59.4		194.1
Total minimum lease payments	118.5		528.3
Less: interest/imputed interest	(33.9)		(101.0)
Total obligations	84.7		427.4
Less: current portion	(12.3)		(75.5)
Long-term lease obligations	$	72.3	$	351.9

During the three and nine months ended September 30, 2020 and 2019, the Company made the following cash payments for leases:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Principal payments on finance lease obligations	$	3.0	$	3.4	$	9.0	$	10.3
Interest payments on finance lease obligations	$	1.6	$	1.9	$	5.0	$	5.9
Payments on operating leases	$	23.5	$	22.9	$	70.0	$	68.7
Variable lease payments	$	0.1	$	0.6	$	0.7	$	2.1

The Company's income from operating leases for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Minimum lease payments	$	24.3	$	25.0	$	72.2	$	76.2
Variable lease income	1.1		2.5		3.8		8.5
Total operating lease income	$	25.4	$	27.5	$	76.0	$	84.7

Minimum payments to be received as lessor under noncancelable operating leases as of September 30, 2020 were as follows:



	(In millions)
2020 (remaining three months)	$	29.0
2021	104.7
2022	101.4
2023	96.6
2024	87.7
Thereafter	220.7
Total minimum rents receivable	$	640.0

The Company's income from direct financing leases for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Interest income	$	0.8	$	1.2	$	2.6	$	3.9
Variable lease income	0.0		0.2		0.2		1.0
Total operating lease income	$	0.8	$	1.4	$	2.8	$	4.9

Minimum payments to be received as lessor under noncancelable direct financing leases as of September 30, 2020 were as follows:



	(In millions)
2020 (remaining three months)	$	3.3
2021	10.6
2022	7.8
2023	3.7
2024	1.5
Thereafter	3.9
Total minimum rents receivable	30.7
Less: unearned income	(5.3)
Total net investment in direct financing leases	25.5
Less: current portion	(9.1)
Long-term investment in direct financing leases	$	16.4

Long-Term Debt

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-Term Debt

At September 30, 2020 and December 31, 2019, long-term debt consisted of the following:


	September 30, 2020		December 31, 2019
	(In millions)
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I	$	700.0	$	700.0
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II	600.0		600.0
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020	220.0		—
Debt issuance costs	(12.5)		(11.8)
Long-term debt, net of debt issuance costs	1,507.5		1,288.2
Current portion of long-term debt	(13.0)		—
Long-term debt	$	1,494.5	$	1,288.2

On June 5, 2019, Applebee’s Funding LLC and IHOP Funding LLC (the “Co-Issuers”), each a special purpose, wholly-owned indirect subsidiary of the Company, issued two tranches of fixed rate senior secured notes, the Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I (“Class A-2-I Notes”) in an initial aggregate principal amount of $700 million and the Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II (“Class A-2-II Notes”) in an initial aggregate

principal amount of $600 million (the “Class A-2-II Notes” and, together with the Class A-2-I Notes, the “2019 Class A-2 Notes”). The 2019 Class A-2 Notes were issued pursuant to an offering exempt from registration under the Securities Act of 1933, as amended.

The Co-Issuers also replaced their existing revolving financing facility, the 2018-1 Variable Funding Senior Notes, Class A-1 (“2018-1 Class A-1 Notes”), with a new revolving financing facility, the 2019-1 Variable Funding Senior Notes, Class A-1 (the “Revolver”), on substantially the same terms as the 2018-1 Class A-1 Notes in order to conform the term of the Revolver to the anticipated repayment dates for the 2019 Class A-2 Notes. The Revolver allows for drawings up to $225 million of variable funding notes and the issuance of letters of credit. The Revolver and the 2019 Class A-2 Notes are referred to collectively herein as the “New Notes.” The New Notes were issued in a securitization transaction pursuant to which substantially all the domestic revenue-generating assets and domestic intellectual property held by the Co-Issuers and certain other special-purpose, wholly-owned indirect subsidiaries of the Company (the “Guarantors”) were pledged as collateral to secure the New Notes.

The Company used the majority of the net proceeds of the offering to repay the entire outstanding balance of approximately $1.28 billion of Series 2014-1 4.277% Fixed Rate Senior Notes, Class A-2. The Company used the remaining proceeds of the offering to pay for transactions costs associated with the securitization refinancing transaction and for general corporate purposes.

2019 Class A-2 Notes

The New Notes were issued under a Base Indenture, dated as of September 30, 2014, and amended and restated as of June 5, 2019 (the “Base Indenture”), and the related Series 2019-1 Supplement to the Base Indenture, dated June 5, 2019 (the “Series 2019-1 Supplement”), among the Co-Issuers and Citibank, N.A., as the trustee (in such capacity, the “Trustee”) and securities intermediary. The Base Indenture and the Series 2019-1 Supplement (collectively, the “Indenture”) will allow the Co-Issuers to issue additional series of notes in the future subject to certain conditions set forth therein.

The legal final maturity of the 2019 Class A-2 Notes is in June 2049, but rapid amortization will apply if the Class A-2-I Notes are not repaid by June 2024 (the “Class A-2-I Anticipated Repayment Date”) and for the Class A-2-II Notes if not repaid by June 2026 (the “Class A-2-II Anticipated Repayment Date”). If the Co-Issuers have not repaid or refinanced the Class A-2-I Notes by the Class A-2-I Anticipated Repayment Date or the Class A-2-II Notes by the Class A-2-II Anticipated Repayment Date, then additional interest will accrue on the Class A-2-I Notes and the Class A-2-II Notes, as applicable, at the greater of: (A) 5.0% and (B) the amount, if any, by which the sum of the following exceeds the applicable Series 2019-1 Class A-2 Note interest rate: (x) the yield to maturity (adjusted to a quarterly bond-equivalent basis) on the applicable anticipated repayment date of the United States Treasury Security having a term closest to 10 years plus (y) 5.0%, plus (z) 2.15% for the Series 2019-1 Class A-2-I Notes and 2.64% for the Series 2019-1 Class A-2-II Notes.

While the 2019 Class A-2 Notes are outstanding, payment of principal and interest is required to be made on the 2019 Class A-2 Notes on a quarterly basis. The quarterly principal payment of $3.25 million on the 2019 Class A-2 Notes may be suspended when the leverage ratio for the Company and its subsidiaries is less than or equal to 5.25x. In general, the leverage ratio is the Company's indebtedness (as defined in the Indenture) divided by adjusted EBITDA (as defined in the Indenture) for the four preceding quarterly periods. The complete definitions of all calculation elements of the leverage ratio are contained in the Base Indenture, dated as of September 30, 2014, amended and restated as of June 5, 2019.

As of September 30, 2020, the Company's leverage ratio was 6.67x. As a result, the Company anticipates making principal payments on the 2019 Class A-2 Notes of $3.25 million beginning in the fourth quarter of 2020. Exceeding the leverage ratio of 5.25x does not violate any covenant related to the New Notes.

The Company may voluntarily repay the 2019 Class A-2 Notes at any time; however, if we repay the 2019 Class A-2 Notes prior to certain dates we would be required to pay make-whole premiums. As of September 30, 2020, the make-whole premium associated with voluntary prepayment of the Class A-2-I Notes was approximately $41 million; this amount declines progressively each quarter to zero in June 2022. As of September 30, 2020, the make-whole premium associated with voluntary prepayment of the Class A-2-II Notes was approximately $84 million; this amount declines progressively each quarter to zero in June 2024.

The Company would also be subject to a make-whole premium in the event of a mandatory prepayment required following a Rapid Amortization Event or certain asset dispositions. The mandatory make-whole premium requirements are considered derivatives embedded in the New Notes that must be bifurcated for separate valuation. We estimated the fair value of these derivatives to be immaterial as of September 30, 2020, based on the probability-weighted discounted cash flows associated with either event.

2019 Class A-1 Notes

The Co-Issuers also entered into the Revolver that allows for drawings up to $225 million of variable funding notes and the issuance of letters of credit. The 2019 Class A-1 Notes were issued under the Indenture. Drawings and certain additional terms related to the Revolver are governed by the 2019 Class A-1 Note Purchase Agreement, dated June 5, 2019, among the Co-Issuers, certain special-purpose, wholly-owned indirect subsidiaries of the Company, each as a Guarantor, the Company, as manager, certain conduit investors, financial institutions and funding agents, and Barclays Bank PLC, as provider of letters credit, swingline lender and administrative agent (the “Purchase Agreement”).

The Revolver is governed, in part, by the Purchase Agreement and by certain generally applicable terms contained in the Indenture. The applicable interest rate under the Revolver depends on the type of borrowing by the Co-Issuers. The applicable interest rate for advances is generally calculated at a per annum rate equal to the commercial paper funding rate or one-, two-, three- or six-month Eurodollar Funding Rate, in either case, plus 2.15%. The applicable interest rate for swingline advances and unreimbursed draws on outstanding letters of credit is a per annum base rate equal to the sum of (a) 1.15% plus (b) the greatest

of (i) the Prime Rate in effect from time to time, (ii) the Federal Funds Rate in effect from time to time plus 0.50% and (iii) the one-month Eurodollar Funding Rate plus 1.00%. There is no upfront fee for the Revolver. There is a fee of 50 basis points on any unused portion of the revolving financing facility. Undrawn face amounts of outstanding letters of credit that are not cash collateralized accrue a fee of 2.15% per annum.

During the nine months ended September 30, 2020, the Company borrowed $220.0 million against the Revolver, all of which was outstanding at September 30, 2020. At September 30, 2020, $2.8 million was pledged against the Revolver for outstanding letters of credit, leaving $2.2 million available for borrowing. The letters of credit are used primarily to satisfy insurance-related collateral requirements. The maximum amount of the Revolver outstanding during the nine months ended September 30, 2020 was $220.0 million and the weighted average interest rates for the three and nine months ended September 30, 2020 were 2.53% and 3.31%, respectively. It is anticipated that any principal and interest on the Revolver will be repaid in full on or prior to the quarterly payment date in June 2024, subject to two additional one-year extensions at the option of the Company upon the satisfaction of certain conditions.

Covenants and Restrictions

The New Notes are subject to a series of covenants and restrictions customary for transactions of this type, including: (i) that the Co-Issuers maintain specified reserve accounts to be used to make required payments in respect of the New Notes, (ii) provisions relating to optional and mandatory prepayments, and the related payment of specified amounts, including specified call redemption premiums in the case of Class A-2 Notes under certain circumstances; (iii) certain indemnification payments in the event, among other things, the transfers of the assets pledged as collateral for the New Notes are in stated ways defective or ineffective and (iv) covenants relating to recordkeeping, access to information and similar matters. The New Notes are subject to customary rapid amortization events provided for in the Indenture, including events tied to failure of the Securitization Entities (as defined in the Indenture) to maintain the stated debt service coverage ratio (“DSCR”), the sum of domestic retail sales for all restaurants being below certain levels on certain measurement dates, certain manager termination events, certain events of default and the failure to repay or refinance the Class A-2 Notes on the anticipated repayment dates. The New Notes are also subject to certain customary events of default, including events relating to non-payment of required interest, principal or other amounts due on or with respect to the New Notes, failure of the Securitization Entities to maintain the stated DSCR, failure to comply with covenants within certain time frames, certain bankruptcy events, breaches of specified representations and warranties and certain judgments.

In general, the DSCR ratio is Net Cash Flow (as defined in the Indenture) for the four quarters preceding the calculation date divided by the total debt service payments (as defined in the Indenture) of the preceding four quarters. The complete definitions of the DSCR and all calculation elements are contained in the Indenture. Failure to maintain a prescribed DSCR can trigger a Cash Flow Sweeping Event, A Rapid Amortization Event, a Manager Termination Event or a Default Event as described below. In a Cash Flow Sweeping Event, the Trustee is required to retain 50% of excess Cash Flow (as defined in the Indenture) in a restricted account. In a Rapid Amortization Event, all excess Cash Flow is retained and used to retire principal amounts of debt. In a Manager Termination Event, the Company may be replaced as manager of the assets securitized under the Indenture. In a Default Event, the outstanding principal amount and any accrued but unpaid interest can be called to become immediately due and payable. Key DSCRs are as follows:

•DSCR less than 1.75x - Cash Flow Sweeping Event

•DSCR less than 1.20x - Rapid Amortization Event

•Interest-only DSCR less than 1.20x - Manager Termination Event

•Interest-only DSCR less than 1.10x - Default Event

The Company's DSCR for the reporting period ended September 30, 2020 was approximately 3.2x.

Debt Issuance Costs

The Company incurred costs of approximately $12.9 million in connection with the issuance of the 2019 Class A-2 Notes. These debt issuance costs are being amortized using the effective interest method over the estimated life of each tranche of the 2019 Class A-2 Notes. Amortization costs of $0.5 million and $1.6 million were included in interest expense for the three months and nine months ended September 30, 2020, respectively.

The Company incurred costs of approximately $0.2 million in connection with the replacement of the 2018-1 Class A-1 Notes with the Revolver. These debt issuance costs were added to the remaining unamortized costs of approximately $2.8 million related to the 2018-1 Class A-1 Notes, the total of which costs is being amortized using the effective interest method over the estimated five-year life of the Revolver. Amortization costs of $0.1 million and $0.4 million were included in interest expense for the three and nine months ended September 30, 2020, respectively.

At September 30, 2020, total unamortized debt issuance costs of $12.5 million are reported as a direct reduction of the Revolver and 2019 Class A-2 Notes in the Consolidated Balance Sheets. That amount includes $2.6 million of costs related to the Revolver that were classified as other long-term assets as of December 31, 2019 because there had been no borrowing against the Revolver since it was established.

For additional information on the 2019 Class A-2 Notes and the Revolver, refer to Note 8 of the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

Maturities of Long-term Debt

Face-value maturities of long-term debt for each of the next five years, assuming the Company's leverage ratio remains greater than 5.25x, are as follows:


	(In millions)
2020 (remaining three months)	$	3.3
2021	13.0
2022	13.0
2023	13.0
2024	903.3
Thereafter	574.5
Total	$	1,520.0

Stockholders' Deficit

3 Months Ended

Sep. 30, 2020

Equity [Abstract]

Stockholders' Deficit

Dividends

During the nine months ended September 30, 2020, the Company paid dividends on common stock of $23.9 million, representing a cash dividend of $0.69 per share declared in the fourth quarter of 2019, paid on January 10, 2020 to stockholders of record at the close of business on December 20, 2019 and a cash dividend of $0.76 per share declared in the first quarter of 2020, paid on April 3, 2020 to stockholders of record at the close of business on March 20, 2020. Dividends were not declared for the second or third quarters of 2020, and the Board of Directors has determined that it will not declare dividends for the fourth quarter of 2020.

Dividends declared and paid per share for the three months and nine months ended September 30, 2020 and 2019 were as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
Dividends declared per common share	$	—	$	0.69	$	0.76	$	2.07
Dividends paid per common share	$	—	$	0.69	$	1.45	$	2.01

Stock Repurchase Program

In February 2019, the Company’s Board of Directors approved a stock repurchase program authorizing the Company to repurchase up to $200 million of the Company’s common stock (the “2019 Repurchase Program”) on an opportunistic basis from time to time in the open market or in privately negotiated transactions based on business, market, applicable legal requirements and other considerations. The 2019 Repurchase Program, as approved by the Board of Directors, does not require the repurchase of a specific number of shares and can be terminated at any time.

A summary of shares repurchased under the 2019 Repurchase Program, during three and nine months ended September 30, 2020 and cumulatively, is as follows:


	Shares	Cost of shares
		(In millions)
Repurchased during the three months ended September 30, 2020	—	$	—
Repurchased during the nine months ended September 30, 2020	459,899	$	26.5

Cumulative (life-of-program) repurchases	1,697,597	$	129.8
Remaining dollar value of shares that may be repurchased	n/a	$	70.2

Treasury Stock

Repurchases of the Company's common stock are included in treasury stock at the cost of shares repurchased plus any transaction costs. Treasury stock may be re-issued when stock options are exercised, when restricted stock awards are granted and when restricted stock units settle in stock upon vesting. The cost of treasury stock re-issued is determined using the first-in, first-out (“FIFO”) method. During the nine months ended September 30, 2020, the Company re-issued 396,996 shares of treasury stock at a total FIFO cost of $17.9 million.

Income Taxes	3 Months Ended
Income Taxes	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective tax rate was 5.6% for the nine months ended September 30, 2020 as compared to 24.5% for the nine months ended September 30, 2019. The effective tax rate of 5.6% for the nine months ended September 30, 2020 (the tax benefit of $6.1 million on the pretax book loss of $108.6 million) was significantly different than the rate of the prior comparable period and the statutory federal tax rate of 21% because the $92.2 million impairment of goodwill incurred in the prior quarter is not deductible for federal income tax purposes and therefore has no associated tax benefit. The total gross unrecognized tax benefit as of September 30, 2020 and December 31, 2019 was $6.2 million and $7.6 million, respectively, excluding interest, penalties and related tax benefits. The Company estimates the unrecognized tax benefit as of September 30, 2020 may decrease over the upcoming 12 months by an amount up to $1.0 million related to settlements with taxing authorities, statutes of limitations expirations and method changes. For the remaining liability, due to the uncertainties related to these tax matters, the Company is unable to make a reasonable estimate as to when cash settlement with a taxing authority will occur. As of September 30, 2020, accrued interest was $1.9 million and accrued penalties were less than $0.1 million, excluding any related income tax benefits. As of December 31, 2019, accrued interest was $2.5 million and accrued penalties were less than $0.1 million, excluding any related income tax benefits. The Company recognizes interest accrued related to unrecognized tax benefits and penalties as a component of its income tax provision recognized in its Consolidated Statements of Comprehensive Income (Loss). The Company files federal income tax returns and the Company or one of its subsidiaries file income tax returns in various state and international jurisdictions. With few exceptions, the Company is no longer subject to federal tax examinations by tax authorities for years before 2014 and state or non-United States tax examinations by tax authorities for years before 2011. The Company believes that adequate reserves have been provided related to all matters contained in the tax periods open to examination. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) was enacted in response to the COVID-19 pandemic. The Company is continuing to evaluate the impact of the CARES Act, but at present does not expect the CARES Act would result in a material impact to our income tax benefit or provision.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Stock-Based Compensation

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Stock-Based Compensation

The following table summarizes the components of stock-based compensation expense included in general and administrative expenses in the Consolidated Statements of Comprehensive Income (Loss):



	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Total stock-based compensation expense:
Equity classified awards expense	$	2.5	$	2.4	$	9.2	$	8.3
Liability classified awards expense	1.1		0.2		0.6		2.6
Total pre-tax stock-based compensation expense	3.6		2.6		9.8		10.9
Book income tax benefit	(0.9)		(0.6)		(2.4)		(2.8)
Total stock-based compensation expense, net of tax	$	2.7	$	2.0	$	7.4	$	8.1

As of September 30, 2020, total unrecognized compensation expense of $14.7 million related to restricted stock and restricted stock units and $2.9 million related to stock options are expected to be recognized over a weighted average period of 1.1 years for restricted stock and restricted stock units and 1.3 years for stock options.

Fair Value Assumptions

The Company granted 167,969 stock options during the nine months ended September 30, 2020 for which the fair value was estimated using a Black-Scholes option pricing model. The following summarizes the assumptions used in the Black-Scholes model:


Risk-free interest rate	1.2	%
Weighted average historical volatility	30.5	%
Dividend yield	3.5	%
Expected years until exercise	4.6
Weighted average fair value of options granted	$17.53

Equity Classified Awards - Stock Options

Stock option balances at September 30, 2020, and activity for the nine months ended September 30, 2020 were as follows:


	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (in Millions)
Outstanding at December 31, 2019	1,217,438	$	66.43
Granted	167,969	87.17
Exercised	(270,024)	76.01
Expired	(48,119)	112.58
Forfeited	(45,247)	86.39
Outstanding at September 30, 2020	1,022,017	64.25		6.7	$	5.5
Vested at September 30, 2020 and Expected to Vest	983,454	63.99		6.7	$	5.3
Exercisable at September 30, 2020	423,261	$	70.54	5.3	$	0.4

The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the closing stock price of the Company’s common stock on the last trading day of the third quarter of 2020 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on September 30, 2020. The aggregate intrinsic value will change based on the fair market value of the Company’s common stock and the number of in-the-money options.

Equity Classified Awards - Restricted Stock and Restricted Stock Units

Outstanding balances as of September 30, 2020, and activity related to restricted stock and restricted stock units for the nine months ended September 30, 2020 were as follows:


	Restricted Stock	Weighted Average Grant Date Fair Value		Stock-Settled Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2019	224,515	$	70.52	357,807	$	30.35
Granted	127,041	75.86		30,997	77.33
Released	(93,160)	55.58		(33,234)	63.98
Forfeited	(38,172)	85.01		—	—
Outstanding at September 30, 2020	220,224	$	78.12	355,570	$	28.01

Liability Classified Awards - Cash-settled Restricted Stock Units

The Company has granted cash-settled restricted stock units to certain employees. These instruments are recorded as liabilities at fair value as of the respective period end.


						Cash-Settled Restricted Stock Units
Outstanding at December 31, 2019						63,852
Granted						2,658
Released						(1,426)
Forfeited						(11,603)
Outstanding at September 30, 2020						53,481

For the three months ended September 30, 2020 and 2019, an expense of $0.8 million and a credit of $0.2 million, respectively, was included as stock-based compensation expense related to cash-settled restricted stock units. For the nine months ended September 30, 2020 and 2019, a credit of $0.1 million and an expense of $1.0 million, respectively, was included as stock-based compensation expense related to cash-settled restricted stock units. At September 30, 2020 and December 31, 2019, liabilities of $2.1 million and $2.3 million, respectively, related to cash-settled restricted stock units were included as part of accrued employee compensation and benefits in the Consolidated Balance Sheets.

Liability Classified Awards - Long-Term Incentive Awards

The Company has granted cash long-term incentive awards (“LTIP awards”) to certain employees. Annual LTIP awards vest over a three-year period and are determined using multipliers from 0% to 200% of the target award based on (i) the total stockholder return of Dine Brands Global common stock compared to the total stockholder returns of a peer group of companies and (ii) the percentage increase in the Company's adjusted earnings per share (as defined in the applicable award agreement). The awards are considered stock-based compensation and are classified as liabilities measured at fair value as of the respective period end. For the three months ended September 30, 2020 and 2019, an expense of $0.3 million and $0.5 million, respectively, were included in total stock-based compensation expense related to LTIP awards. For the nine months ended September 30, 2020 and 2019, $0.7 million and $1.7 million, respectively, were included in total stock-based compensation expense related to LTIP awards. At September 30, 2020 and December 31, 2019, liabilities of $2.1 million and $2.9 million, respectively, related to LTIP awards were included as part of accrued employee compensation and benefits in the Consolidated Balance Sheets.

Segments

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segments

The Company identifies its reporting segments based on the organizational units used by management to monitor performance and make operating decisions. The Company currently has five operating segments: Applebee's franchise operations, Applebee's company-operated restaurant operations, IHOP franchise operations, rental operations and financing operations. The Company has four reportable segments: franchise operations, (an aggregation of Applebee's and IHOP franchise operations), company-operated restaurant operations, rental operations and financing operations. The Company

considers these to be its reportable segments, regardless of whether any segment exceeds 10% of consolidated revenues, income before income tax provision or total assets.

As of September 30, 2020, the franchise operations segment consisted of (i) 1,659 restaurants operated by Applebee’s franchisees in the United States, two U.S. territories and 11 countries outside the United States and (ii) 1,807 restaurants operated by IHOP franchisees and area licensees in the United States, two U.S. territories and 13 countries outside the United States. Franchise operations revenue consists primarily of franchise royalty revenues, franchise advertising revenue, sales of proprietary products to franchisees (primarily pancake and waffle dry mixes for the IHOP restaurants), and franchise fees. Franchise operations expenses include advertising expenses, the cost of IHOP proprietary products, bad debt expense, franchisor contributions to marketing funds, pre-opening training expenses and other franchise-related costs.

Company restaurant sales are retail sales at 69 Applebee's company-operated restaurants. Company restaurant expenses are operating expenses at company-operated restaurants and include food, labor, utilities, rent and other restaurant operating costs.

Rental operations revenue includes revenue from operating leases and interest income from direct financing leases. Rental operations expenses are costs of operating leases and interest expense from finance leases on which the Company is the lessee.

Financing revenues primarily consist of interest income from the financing of IHOP equipment leases and franchise fees, sales of equipment associated with refranchised IHOP restaurants and interest income on Applebee's notes receivable from franchisees. Financing expenses are primarily the cost of restaurant equipment associated with refranchised IHOP restaurants.

Information on segments is as follows:



	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Revenues from external customers:

Franchise operations	$	121.8	$	156.2	$	334.7	$	487.8
Rental operations	26.2		29.0		78.9		89.6
Company restaurants	27.3		30.5		75.4		100.0
Financing operations	1.3		1.7		4.2		5.3
Total	$	176.6	$	217.4	$	493.2	$	682.7

Interest expense:

Rental operations	$	1.6	$	1.8	$	4.7	$	6.1
Company restaurants	0.7		0.5		1.7		1.6
Corporate	16.8		15.2		49.1		45.2
Total	$	19.1	$	17.5	$	55.5	$	52.9

Depreciation and amortization:

Franchise operations	$	2.5	$	2.6	$	7.6	$	7.7
Rental operations	3.0		3.3		9.3		10.2
Company restaurants	1.8		1.6		5.0		4.7
Corporate	3.4		3.2		10.2		8.9
Total	$	10.7	$	10.7	$	32.1	$	31.5

Gross profit, by segment:

Franchise operations	$	61.1	$	81.6	$	167.5	$	254.0
Rental operations	5.4		6.4		14.3		21.4
Company restaurants	(0.9)		0.2		(4.4)		6.9
Financing operations	1.2		1.5		3.9		4.8
Total gross profit	66.8		89.7		181.3		287.1
Corporate and unallocated expenses, net	(57.6)		(58.0)		(289.9)		(185.2)
Income (loss) before income taxes	$	9.2	$	31.7	$	(108.6)	$	101.9

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Net Income (Loss) per Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income per Share

Net Income (Loss) per Share

The computation of the Company's basic and diluted net income per share is as follows:



	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In thousands, except per share data)
Numerator for basic and diluted income (loss) per common share:
Net income (loss)	$	10,018	$	23,917	$	(102,433)	$	76,950
Less: Net income allocated to unvested participating restricted stock	(329)		(795)		(420)		(2,621)
Net income (loss) available to common stockholders - basic	9,689		23,122		(102,853)		74,329
Effect of unvested participating restricted stock in two-class calculation	2		6		—		28

Net income (loss) available to common stockholders - diluted	$	9,691	$	23,128	$	(102,853)	$	74,357
Denominator:
Weighted average outstanding shares of common stock - basic	16,221		16,762		16,229		17,095
Dilutive effect of stock options	62		293		—		337
Weighted average outstanding shares of common stock - diluted	16,283		17,055		16,229		17,432
Net income (loss) per common share:
Basic	$	0.60	$	1.38	$	(6.34)	$	4.35
Diluted	$	0.60	$	1.36	$	(6.34)	$	4.27

For the nine months ended September 30, 2020, diluted loss per common share was computed using the basic weighted average number of shares outstanding during the period as the 86,000 shares from common stock equivalents would have been antidilutive.

The calculation of net loss per share for the three and six months ended June 30, 2020, previously reported as ($8.04) per share and ($6.69) per share, respectively, allocated an incorrect portion of the net loss from each period to unvested participating restricted stock. The correct calculation is a loss of ($8.33) per share for the three months ended June 30, 2020 and a loss of ($6.96) per share for the six months ended June 30, 2020.

Fair Value Measurements

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company does not have a material amount of financial assets or liabilities that are required under U.S. GAAP to be measured on a recurring basis at fair value. The Company is not a party to any material derivative financial instruments. The Company does not have a material amount of non-financial assets or non-financial liabilities that are required under U.S. GAAP to be measured at fair value on a recurring basis. The Company has not elected to use the fair value measurement option, as permitted under U.S. GAAP, for any assets or liabilities for which fair value measurement is not presently required.

The Company believes the fair values of cash equivalents, accounts receivable and accounts payable approximate their carrying amounts due to their short duration.

The fair values of the Company's 2019 Class A-2 Notes at September 30, 2020 and December 31, 2019 were as follows:


	September 30, 2020				December 31, 2019
	(In millions)
Face Value of Class A-2 Notes	$	1,300.0	$	1,300.0
Fair Value of Class A-2 Notes	$	1,164.4	$	1,326.3

The fair values were determined based on Level 2 inputs, including information gathered from brokers who trade in the Company’s 2019 Class A-2 Notes, as well as information on notes that are similar to those of the Company.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation, Claims and Disputes The Company is subject to various lawsuits, administrative proceedings, audits and claims arising in the ordinary course of business. Some of these lawsuits purport to be class actions and/or seek substantial damages. The Company is required under U.S. GAAP to record an accrual for litigation loss contingencies that are both probable and reasonably estimable. Legal fees and expenses associated with the defense of all of the Company's litigation are expensed as such fees and expenses are incurred. Management regularly assesses the Company's insurance coverage, analyzes litigation information with the Company's attorneys and evaluates the Company's loss experience in connection with pending legal proceedings. While the Company does not presently believe that any of the legal proceedings to which it is currently a party will ultimately have a material adverse impact on the Company, there can be no assurance that the Company will prevail in all the proceedings the Company is party to, or that the Company will not incur material losses from them. Lease Guarantees In connection with the sale of Applebee’s restaurants to franchisees, the Company has, in certain cases, guaranteed or has potential continuing liability for lease payments totaling $253.5 million as of September 30, 2020. This amount represents the maximum potential liability for future payments under these leases. These leases have been assigned to the buyers and expire at the end of the respective lease terms, which range from 2020 through 2048. Excluding unexercised option periods, the Company's potential liability for future payments under these leases is $38.2 million. In the event of default, the indemnity and default clauses in the sale or assignment agreements govern the Company's ability to pursue and recover damages incurred.

Restricted Cash	9 Months Ended
Restricted Cash	Sep. 30, 2020
Cash and Cash Equivalents [Abstract]
Restricted Cash	Restricted CashCurrent restricted cash of $47.5 million at September 30, 2020 primarily consisted of $40.5 million of funds required to be held in trust in connection with the Company's securitized debt and $6.9 million of funds from Applebee's franchisees pursuant to franchise agreements, usage of which was restricted to advertising activities. Current restricted cash of $40.7 million at December 31, 2019 primarily consisted of $38.4 million of funds required to be held in trust in connection with the Company's securitized debt and $2.3 million of funds from Applebee's franchisees pursuant to franchise agreements, usage of which was restricted to advertising activities. Non-current restricted cash of $32.8 million at September 30, 2020 and $15.7 million at December 31, 2019 represents interest reserves required to be set aside for the duration of the Company's securitized debt. During the nine months ended September 30, 2020, the Company voluntarily increased the reserve from the required $16.4 million (one quarter of interest and fees related to the 2019 Class A-1 Notes and 2019 Class A-2 Notes) to the current balance of $32.8 million.

Accounting Standards Adopted and Newly Issued Accounting Standards Not Yet Adopted (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Changes and Error Corrections [Abstract]
Fiscal Period	The Company’s fiscal quarters end on the Sunday closest to the last day of each calendar quarter. For convenience, the fiscal quarters of each year are referred to as ending on March 31, June 30, September 30 and December 31. The first fiscal quarter of 2020 began on December 30, 2019 and ended on March 29, 2020; the second and third fiscal quarters of 2020 ended on June 28, 2020 and September 27, 2020, respectively. The first fiscal quarter of 2019 began on December 31, 2018 and ended on March 31, 2019; the second and third fiscal quarters of 2019 ended on June 30, 2019 and September 29, 2019, respectively.
Risks and Uncertainties	Risks and UncertaintiesThe Company was subject to risks and uncertainties as a result of the rapidly spreading outbreak of a novel strain of coronavirus, designated “COVID-19.” The extent of the continued impact of the COVID-19 pandemic on the Company's business is highly uncertain and difficult to predict, as measures taken in response to and the effect of the pandemic has varied and continues to vary by state and municipalities within states. Assessments of the success of measures taken and the timing of any further restrictions, or lifting of such restrictions, is rapidly evolving. The Company first began to experience impacts from COVID-19 in March 2020, as federal, state and local governments began to react to the public health crisis by encouraging “social distancing” and requiring, in varying degrees, restaurant dine-in limitations and other restrictions that largely limited the restaurants of the Company's franchisees and its company-operated restaurants to take-out and delivery sales. Many international restaurants were temporarily closed for at least a part of March as well as a result of government restrictions put in place in various countries. Subsequent to imposition, government-imposed dine-in restrictions were relaxed in many of the locations in which the Company operates, although dining room capacity continues to be limited to 50% or less at most restaurants. Additionally, economies worldwide also have been negatively impacted by the COVID-19 pandemic, which possibly could cause a domestic and/or global economic recession.
Accounting Standards Adopted in the Current Fiscal Year and Not Yet Adopted	Accounting Standards Adopted in the Current Fiscal Year In February 2016, the Financial Accounting Standards Board (“FASB”) issued new guidance on the measurement of current expected credit losses (“CECL”) on financial instruments. The new guidance has replaced the incurred loss methodology of recognizing credit losses on financial instruments with a methodology that estimates the expected credit loss on financial instruments and reflects the net amount expected to be collected on the financial instrument. The Company adopted this change in accounting principle as of the first day of the first fiscal quarter of 2020 using the modified retrospective method. Accordingly, financial information for periods prior to the date of initial application has not been adjusted. Upon adoption of the new CECL guidance, the Company recognized an increase to its allowance for credit losses of $0.7 million. The Company recognized an adjustment to retained earnings upon adoption of $0.5 million, net of tax of $0.2 million. Additional new accounting guidance became effective for the Company as of the beginning of fiscal 2020 that the Company reviewed and concluded was either not applicable to its operations or had no material effect on its consolidated financial statements in the current or future fiscal years. Newly Issued Accounting Standards Not Yet Adopted In December 2019, the FASB issued new guidance intended to simplify the accounting for income taxes, change the accounting for certain income tax transactions, and make other minor changes. The Company will be required to adopt the new guidance beginning with its first fiscal quarter of 2021; early adoption in any interim period after issuance of the new guidance is permitted. The Company is currently assessing the impact this guidance will have on its consolidated financial statements but does not expect this standard to have a material effect on its financial statements. The Company does not intend to adopt the standard early. In March 2020, the FASB issued guidance which provides optional expedients and exceptions for applying current U.S. GAAP to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (LIBOR) or by another reference rate expected to be discontinued. The guidance can be adopted immediately and is applicable to contracts entered into on or before December 31, 2022. We are currently evaluating our contracts that reference LIBOR and the potential effects of adopting this new guidance. The Company reviewed all other newly issued accounting pronouncements and concluded that they either are not applicable to the Company's operations or that no material effect is expected on the Company's financial statements when adoption is required in the future.

Impairment and Closure Charges (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Changes in the carrying amount of goodwill for the nine months ended September 30, 2020 are as follows:


	Applebee's Franchise Unit		Applebee's Company Unit		IHOP Franchise Unit		Total
	(In millions)
Balance at December 31, 2019:	$	328.4	$	4.6	$	10.8	$	343.9
Impairment loss	(92.2)		—		—		(92.2)
Balance at September 30, 2020:	$	236.2	$	4.6	$	10.8	$	251.6

Schedule of Indefinite-Lived Intangible Assets

Changes in the carrying amount of intangible assets for the nine months ended September 30, 2020 are as follows:


	Not Subject to Amortization						Subject to Amortization
	Tradename		Other		Franchising Rights		Reacquired Franchising Rights		Leaseholds		Total
	(In millions)
Balance at December 31, 2019:	$	479.0	$	3.2	$	79.0	$	9.8	$	4.1	$	575.1
Impairment loss	(11.0)		—		—		(3.3)		—		(14.3)
Amortization expense	—		—		(7.5)		(0.7)		(0.1)		(8.3)
Additions	—		0.4		—		—		—		0.4
Balance at September 30, 2020:	$	468.0	$	3.6	$	71.5	$	5.8	$	4.0	$	552.9

Schedule of Finite-Lived Intangible Assets

Changes in the carrying amount of intangible assets for the nine months ended September 30, 2020 are as follows:


	Not Subject to Amortization						Subject to Amortization
	Tradename		Other		Franchising Rights		Reacquired Franchising Rights		Leaseholds		Total
	(In millions)
Balance at December 31, 2019:	$	479.0	$	3.2	$	79.0	$	9.8	$	4.1	$	575.1
Impairment loss	(11.0)		—		—		(3.3)		—		(14.3)
Amortization expense	—		—		(7.5)		(0.7)		(0.1)		(8.3)
Additions	—		0.4		—		—		—		0.4
Balance at September 30, 2020:	$	468.0	$	3.6	$	71.5	$	5.8	$	4.0	$	552.9

Details of Impairment of Long-Lived Assets Held and Used by Asset

Long-lived tangible asset impairment and closure charges for the three and nine months ended September 30, 2020 were as follows:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
	(In millions)
Long-lived tangible asset impairment	$	—	$	—	$	17.1	$	—
Closure charges	0.2		0.3		0.9		0.5
Total long-lived asset impairment and closure charges	$	0.2	$	0.3	$	18.0	$	0.5

Schedule of Restructuring Reserve by Type of Cost

Long-lived tangible asset impairment and closure charges for the three and nine months ended September 30, 2020 were as follows:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
	(In millions)
Long-lived tangible asset impairment	$	—	$	—	$	17.1	$	—
Closure charges	0.2		0.3		0.9		0.5
Total long-lived asset impairment and closure charges	$	0.2	$	0.3	$	18.0	$	0.5

Revenue Disclosures (Tables)

3 Months Ended

Sep. 30, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table disaggregates franchise revenue by major type for the three and nine months ended September 30, 2020 and 2019:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020		2019		2020		2019
	(In thousands)
Franchise Revenue:
Royalties	$	56,061	$	72,506	$	154,672	$	226,888
Advertising fees	51,932		67,514		142,750		211,882
Pancake and waffle dry mix sales and other	10,690		13,201		27,575		40,158
Franchise and development fees	3,069		2,979		9,668		8,866
Total franchise revenue	$	121,752	$	156,200	$	334,665	$	487,794

Schedule of Changes in Deferred Revenue

Changes in the Company's contract liability for deferred franchise and development fees during the nine months ended September 30, 2020 are as follows:


	Deferred Franchise Revenue (short- and long-term)
	(In thousands)
Balance at December 31, 2019	$	67,030
Recognized as revenue during the nine months ended September 30, 2020	(9,029)
Fees deferred during the nine months ended September 30, 2020	3,962
Balance at September 30, 2020	$	61,963

Schedule of Remaining Performance Obligations

The balance of deferred revenue as of September 30, 2020 is expected to be recognized as follows:


	(In thousands)
Remainder of 2020	$	1,928
2021	7,876
2022	7,233
2023	6,708
2024	6,082
Thereafter	32,136
Total	$	61,963

Current Expected Credit Losses (Tables)

9 Months Ended

Sep. 30, 2020

Credit Loss [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable


	September 30, 2020		December 31, 2019
	(In millions)
Accounts receivable	$	99.7	$	60.8
Gift card receivables	3.8		46.7
Notes receivable	28.9		28.9
Financing receivables:
Equipment leases receivable	49.8		56.3
Direct financing leases receivable	25.5		34.0
Franchise fee notes receivable	0.1		0.1
Other	6.5		7.3
	214.1		234.2
Less: allowance for doubtful accounts and notes receivable	(22.1)		(11.3)
	192.0		222.9
Less: current portion	(122.1)		(136.9)
Long-term receivables	$	69.9	$	86.0

Schedule of Changes in Allowance for Credit Losses

Changes in the allowance for credit losses during the nine months ended September 30, 2020 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, 2019	$	0.7	$	2.4	$	8.2	$	—	$	—	$	—	$	11.3
Increase due to CECL adoption	0.3		0.0		0.1		0.1		0.1		0.1		0.7
Bad debt expense for the nine months ended September 30, 2020	3.8		2.7		1.4		0.1		0.2		0.2		8.4
Advertising provision adjustment	2.4		(0.1)		(0.2)		—		—		—		2.1
Write-offs	(0.2)		(0.1)		—		(0.0)		(0.1)		—		(0.4)
Recoveries	0.0		—		—		0.0		—		—		0.0
Balance, September 30, 2020	$	7.0	$	4.9	$	9.5	$	0.2	$	0.2	$	0.3	$	22.1

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

Schedule of Delinquency Status of Receivable



	Notes receivable, short-term		Notes receivable, long-term		Lease Receivables		Equipment Notes		Other⁽¹⁾		Total
	(In millions)
Current	$	4.2	$	22.4	$	25.5	$	49.8	$	1.6	$	103.5
30-59 days	0.2		—		—		—		—		0.2
60-89 days	0.2		—		—		—		—		0.2
90-119 days	0.2		—		—		—		—		0.2
120+ days	1.7		—		—		—		—		1.7
Total	$	6.5	$	22.4	$	25.5	$	49.8	$	1.6	$	105.8

⁽¹⁾ Primarily credit card receivables

Financing Receivable Credit Quality Indicators

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



	Notes receivable, short and long-term		Lease Receivables		Equipment Notes		Total
	(In millions)
2020	$	1.9	$	1.5	$	—	$	3.4
2019	7.8		0.9		—		8.7
2018	12.8		—		—		12.8
2017	6.3		—		—		6.3
2016	—		1.3		—		1.3
Prior	0.1		21.8		49.8		71.7
Total	$	28.9	$	25.5	$	49.8	$	104.2

Lease Disclosures (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2020

Leases [Abstract]

Schedule of Lease Cost

The Company's lease cost for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Finance lease cost:
Amortization of right-of-use assets	$	1.2	$	1.3	$	3.7	$	4.0
Interest on lease liabilities	1.6		1.9		5.0		5.9
Operating lease cost	25.7		26.5		78.8		79.8
Variable lease cost	0.2		0.6		0.5		1.9
Short-term lease cost	0.0		0.0		0.0		0.0
Sublease income	(23.9)		(26.5)		(72.0)		(81.9)
Lease cost	$	4.9	$	3.8	$	16.1	$	9.7

Schedule of Operating Lease Liability Future Maturity

Future minimum lease payments under noncancelable leases as lessee as of September 30, 2020 were as follows:


	Finance Leases		Operating Leases
	(In millions)
2020 (remaining three months)	$	5.9	$	31.0
2021	16.7		90.3
2022	15.0		82.9
2023	11.9		67.9
2024	9.7		62.2
Thereafter	59.4		194.1
Total minimum lease payments	118.5		528.3
Less: interest/imputed interest	(33.9)		(101.0)
Total obligations	84.7		427.4
Less: current portion	(12.3)		(75.5)
Long-term lease obligations	$	72.3	$	351.9

Schedule of Finance Lease Liability Future Maturity

Future minimum lease payments under noncancelable leases as lessee as of September 30, 2020 were as follows:


	Finance Leases		Operating Leases
	(In millions)
2020 (remaining three months)	$	5.9	$	31.0
2021	16.7		90.3
2022	15.0		82.9
2023	11.9		67.9
2024	9.7		62.2
Thereafter	59.4		194.1
Total minimum lease payments	118.5		528.3
Less: interest/imputed interest	(33.9)		(101.0)
Total obligations	84.7		427.4
Less: current portion	(12.3)		(75.5)
Long-term lease obligations	$	72.3	$	351.9

Schedule of Lease Payments

During the three and nine months ended September 30, 2020 and 2019, the Company made the following cash payments for leases:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Principal payments on finance lease obligations	$	3.0	$	3.4	$	9.0	$	10.3
Interest payments on finance lease obligations	$	1.6	$	1.9	$	5.0	$	5.9
Payments on operating leases	$	23.5	$	22.9	$	70.0	$	68.7
Variable lease payments	$	0.1	$	0.6	$	0.7	$	2.1

Schedule of Operating Lease Income

The Company's income from operating leases for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Minimum lease payments	$	24.3	$	25.0	$	72.2	$	76.2
Variable lease income	1.1		2.5		3.8		8.5
Total operating lease income	$	25.4	$	27.5	$	76.0	$	84.7

Schedule of Future Minimum Payments as a Lessor Under Operating Leases

Minimum payments to be received as lessor under noncancelable operating leases as of September 30, 2020 were as follows:



	(In millions)
2020 (remaining three months)	$	29.0
2021	104.7
2022	101.4
2023	96.6
2024	87.7
Thereafter	220.7
Total minimum rents receivable	$	640.0

Schedule of Direct Finance Lease Income

The Company's income from direct financing leases for the three and nine months ended September 30, 2020 and 2019 was as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Interest income	$	0.8	$	1.2	$	2.6	$	3.9
Variable lease income	0.0		0.2		0.2		1.0
Total operating lease income	$	0.8	$	1.4	$	2.8	$	4.9

Schedule of Future Minimum Payments as a Lessor Under Direct Financing Leases

Minimum payments to be received as lessor under noncancelable direct financing leases as of September 30, 2020 were as follows:



	(In millions)
2020 (remaining three months)	$	3.3
2021	10.6
2022	7.8
2023	3.7
2024	1.5
Thereafter	3.9
Total minimum rents receivable	30.7
Less: unearned income	(5.3)
Total net investment in direct financing leases	25.5
Less: current portion	(9.1)
Long-term investment in direct financing leases	$	16.4

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

At September 30, 2020 and December 31, 2019, long-term debt consisted of the following:


	September 30, 2020		December 31, 2019
	(In millions)
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I	$	700.0	$	700.0
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II	600.0		600.0
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020	220.0		—
Debt issuance costs	(12.5)		(11.8)
Long-term debt, net of debt issuance costs	1,507.5		1,288.2
Current portion of long-term debt	(13.0)		—
Long-term debt	$	1,494.5	$	1,288.2

Schedule of Maturities of Long-term Debt

Face-value maturities of long-term debt for each of the next five years, assuming the Company's leverage ratio remains greater than 5.25x, are as follows:


	(In millions)
2020 (remaining three months)	$	3.3
2021	13.0
2022	13.0
2023	13.0
2024	903.3
Thereafter	574.5
Total	$	1,520.0

Stockholders' Deficit (Tables)

3 Months Ended

Sep. 30, 2020

Equity [Abstract]

Dividends Declared

Dividends declared and paid per share for the three months and nine months ended September 30, 2020 and 2019 were as follows:


	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
Dividends declared per common share	$	—	$	0.69	$	0.76	$	2.07
Dividends paid per common share	$	—	$	0.69	$	1.45	$	2.01

Class of Treasury Stock

A summary of shares repurchased under the 2019 Repurchase Program, during three and nine months ended September 30, 2020 and cumulatively, is as follows:


	Shares	Cost of shares
		(In millions)
Repurchased during the three months ended September 30, 2020	—	$	—
Repurchased during the nine months ended September 30, 2020	459,899	$	26.5

Cumulative (life-of-program) repurchases	1,697,597	$	129.8
Remaining dollar value of shares that may be repurchased	n/a	$	70.2

Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Components of the Company’s stock-based compensation expense

The following table summarizes the components of stock-based compensation expense included in general and administrative expenses in the Consolidated Statements of Comprehensive Income (Loss):



	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Total stock-based compensation expense:
Equity classified awards expense	$	2.5	$	2.4	$	9.2	$	8.3
Liability classified awards expense	1.1		0.2		0.6		2.6
Total pre-tax stock-based compensation expense	3.6		2.6		9.8		10.9
Book income tax benefit	(0.9)		(0.6)		(2.4)		(2.8)
Total stock-based compensation expense, net of tax	$	2.7	$	2.0	$	7.4	$	8.1

Schedule of stock option valuation assumptions

The following summarizes the assumptions used in the Black-Scholes model:


Risk-free interest rate	1.2	%
Weighted average historical volatility	30.5	%
Dividend yield	3.5	%
Expected years until exercise	4.6
Weighted average fair value of options granted	$17.53

Schedule of stock option activity

Stock option balances at September 30, 2020, and activity for the nine months ended September 30, 2020 were as follows:


	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in Years)	Aggregate Intrinsic Value (in Millions)
Outstanding at December 31, 2019	1,217,438	$	66.43
Granted	167,969	87.17
Exercised	(270,024)	76.01
Expired	(48,119)	112.58
Forfeited	(45,247)	86.39
Outstanding at September 30, 2020	1,022,017	64.25		6.7	$	5.5
Vested at September 30, 2020 and Expected to Vest	983,454	63.99		6.7	$	5.3
Exercisable at September 30, 2020	423,261	$	70.54	5.3	$	0.4

Schedule of restricted stock unit activity

Outstanding balances as of September 30, 2020, and activity related to restricted stock and restricted stock units for the nine months ended September 30, 2020 were as follows:


	Restricted Stock	Weighted Average Grant Date Fair Value		Stock-Settled Restricted Stock Units	Weighted Average Grant Date Fair Value
Outstanding at December 31, 2019	224,515	$	70.52	357,807	$	30.35
Granted	127,041	75.86		30,997	77.33
Released	(93,160)	55.58		(33,234)	63.98
Forfeited	(38,172)	85.01		—	—
Outstanding at September 30, 2020	220,224	$	78.12	355,570	$	28.01

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The Company has granted cash-settled restricted stock units to certain employees. These instruments are recorded as liabilities at fair value as of the respective period end.


						Cash-Settled Restricted Stock Units
Outstanding at December 31, 2019						63,852
Granted						2,658
Released						(1,426)
Forfeited						(11,603)
Outstanding at September 30, 2020						53,481

Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of segment reporting information by segment

Information on segments is as follows:



	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In millions)
Revenues from external customers:

Franchise operations	$	121.8	$	156.2	$	334.7	$	487.8
Rental operations	26.2		29.0		78.9		89.6
Company restaurants	27.3		30.5		75.4		100.0
Financing operations	1.3		1.7		4.2		5.3
Total	$	176.6	$	217.4	$	493.2	$	682.7

Interest expense:

Rental operations	$	1.6	$	1.8	$	4.7	$	6.1
Company restaurants	0.7		0.5		1.7		1.6
Corporate	16.8		15.2		49.1		45.2
Total	$	19.1	$	17.5	$	55.5	$	52.9

Depreciation and amortization:

Franchise operations	$	2.5	$	2.6	$	7.6	$	7.7
Rental operations	3.0		3.3		9.3		10.2
Company restaurants	1.8		1.6		5.0		4.7
Corporate	3.4		3.2		10.2		8.9
Total	$	10.7	$	10.7	$	32.1	$	31.5

Gross profit, by segment:

Franchise operations	$	61.1	$	81.6	$	167.5	$	254.0
Rental operations	5.4		6.4		14.3		21.4
Company restaurants	(0.9)		0.2		(4.4)		6.9
Financing operations	1.2		1.5		3.9		4.8
Total gross profit	66.8		89.7		181.3		287.1
Corporate and unallocated expenses, net	(57.6)		(58.0)		(289.9)		(185.2)
Income (loss) before income taxes	$	9.2	$	31.7	$	(108.6)	$	101.9

Net Income (Loss) per Share (Tables)

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Computation of the Company’s basic and diluted net income per share

The computation of the Company's basic and diluted net income per share is as follows:



	Three months ended September 30,						Nine months ended September 30,
	2020		2019		2020		2019
	(In thousands, except per share data)
Numerator for basic and diluted income (loss) per common share:
Net income (loss)	$	10,018	$	23,917	$	(102,433)	$	76,950
Less: Net income allocated to unvested participating restricted stock	(329)		(795)		(420)		(2,621)
Net income (loss) available to common stockholders - basic	9,689		23,122		(102,853)		74,329
Effect of unvested participating restricted stock in two-class calculation	2		6		—		28

Net income (loss) available to common stockholders - diluted	$	9,691	$	23,128	$	(102,853)	$	74,357
Denominator:
Weighted average outstanding shares of common stock - basic	16,221		16,762		16,229		17,095
Dilutive effect of stock options	62		293		—		337
Weighted average outstanding shares of common stock - diluted	16,283		17,055		16,229		17,432
Net income (loss) per common share:
Basic	$	0.60	$	1.38	$	(6.34)	$	4.35
Diluted	$	0.60	$	1.36	$	(6.34)	$	4.27

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Fair Value of non-current financial liabilities

The fair values of the Company's 2019 Class A-2 Notes at September 30, 2020 and December 31, 2019 were as follows:


	September 30, 2020				December 31, 2019
	(In millions)
Face Value of Class A-2 Notes	$	1,300.0	$	1,300.0
Fair Value of Class A-2 Notes	$	1,164.4	$	1,326.3

Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Debt Instrument [Line Items]
Proceeds from line of credit				$ 220,000	$ 0
Interest expense, net	$ 16,844		$ 15,238	49,143	$ 45,233
Secured Debt
Debt Instrument [Line Items]
Interest expense, net	32,800	$ 16,400
Revolving Credit Facility
Debt Instrument [Line Items]
Proceeds from line of credit				220,000
Line of credit, remaining borrowing capacity	$ 2,000			$ 2,000

Accounting Standards Adopted and Newly Issued Accounting Standards Not Yet Adopted - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 01, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses		$ 22,100		$ 22,100		$ 11,300
(Accumulated deficit) retained earnings		(53,992)		(53,992)		$ 61,653
Income tax provision		$ (865)	$ 7,815	$ (6,119)	$ 24,981
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member					us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201602Member
Cumulative Effect, Period Of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ 700					$ 700
(Accumulated deficit) retained earnings	(500)
Income tax provision	$ (200)

- Definition

Indicates amendment to accounting standards.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(1)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (f)(1)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (g)(2)(i)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 10
-Section 65
-Paragraph 4
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121646688&loc=SL121648383-210437

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 65
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121322162&loc=SL121327923-165333

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=121370832&loc=SL117420844-207641

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 40
-Section 65
-Paragraph 2
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+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Impairment and Closure Charges (Details) $ in Thousands		3 Months Ended		9 Months Ended		12 Months Ended
Impairment and Closure Charges (Details) $ in Thousands	Jan. 01, 2020	Sep. 30, 2020 USD ($) Restaurant	Sep. 30, 2019 USD ($)	Sep. 30, 2020 USD ($) Restaurant	Sep. 30, 2019 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018
Goodwill [Line Items]
Impairment loss				$ 92,200
Long-lived tangible asset impairment		$ 0	$ 0	17,100	$ 0
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member					us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201602Member
Subject to Amortization \| Reacquired Franchise Rights
Goodwill [Line Items]
Impairment of intangible assets, finite-lived				3,300
Minimum
Goodwill [Line Items]
Long-lived tangible asset impairment				5
Maximum
Goodwill [Line Items]
Long-lived tangible asset impairment				1,300
Land, Building And Leasehold Improvement [Member]
Goodwill [Line Items]
Long-lived tangible asset impairment				5,900
Revision of Prior Period, Accounting Standards Update, Adjustment
Goodwill [Line Items]
Operating lease, impairment loss						$ 11,200
Accounting Standards Update [Extensible List]							us-gaap:AccountingStandardsUpdate201602Member
Applebee's
Goodwill [Line Items]
Impairment loss				$ 0
Number Of restaurants impacted by long-lived asset impairment \| Restaurant		45		45
IHOP
Goodwill [Line Items]
Number Of restaurants impacted by long-lived asset impairment \| Restaurant		29		29
Franchised Units \| Applebee's
Goodwill [Line Items]
Impairment loss				$ 92,200
Franchised Units \| IHOP
Goodwill [Line Items]
Impairment loss				0
Trade Names
Goodwill [Line Items]
Impairment				$ 11,000

Impairment and Closure Charges - Changes in the carrying amount of goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill, gross		$ 343,900
Impairment loss	$ (92,200)
Goodwill	251,628	343,862
Applebee's
Goodwill [Line Items]
Goodwill, gross		4,600
Impairment loss	0
Goodwill	4,600
Applebee's \| Franchised Units
Goodwill [Line Items]
Goodwill, gross		328,400
Impairment loss	(92,200)
Goodwill	236,200
IHOP \| Franchised Units
Goodwill [Line Items]
Goodwill, gross		$ 10,800
Impairment loss	0
Goodwill	$ 10,800

Impairment and Closure Charges - Changes in the carrying amount of intangible assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020 USD ($)
Finite-lived Intangible Assets [Roll Forward]
Amortization expense	$ (8,300)
Finite And Indefinite Lived Intangible Assets [Roll Forward]
Intangible assets balance, beginning	575,103
Impairment loss	(14,300)
Intangible assets balance, end	552,943
Not Subject to Amortization
Indefinite-lived Intangible Assets [Roll Forward]
Additions	400
Franchise Rights \| Subject to Amortization
Finite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, balance, beginning	79,000
Amortization expense	(7,500)
Finite-lived intangible assets, balance, end	71,500
Reacquired Franchise Rights \| Subject to Amortization
Finite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, balance, beginning	9,800
Impairment loss	(3,300)
Amortization expense	(700)
Finite-lived intangible assets, balance, end	5,800
Leasehold Improvements \| Subject to Amortization
Finite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, balance, beginning	4,100
Amortization expense	(100)
Finite-lived intangible assets, balance, end	4,000
Trade Names
Indefinite-lived Intangible Assets [Roll Forward]
Impairment	(11,000)
Trade Names \| Not Subject to Amortization
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived intangible assets balance, beginning	479,000
Impairment	(11,000)
Indefinite-lived intangible assets balance, end	468,000
Other Intangible Assets \| Not Subject to Amortization
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived intangible assets balance, beginning	3,200
Indefinite-lived intangible assets balance, end	$ 3,600

Impairment and Closure Charges - Long-lived tangible asset impairment and closure charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Long-lived tangible asset impairment	$ 0.0	$ 0.0	$ 17.1	$ 0.0
Closure charges	0.2	0.3	0.9	0.5
Total long-lived asset impairment and closure charges	$ 0.2	$ 0.3	$ 18.0	$ 0.5

Revenue Disclosures - Disaggregation of Franchise Revenue by Major Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Franchise revenues
Disaggregation of Revenue [Line Items]
Total franchise revenue	$ 121,752	$ 156,200	$ 334,665	$ 487,794
Royalties
Disaggregation of Revenue [Line Items]
Total franchise revenue	56,061	72,506	154,672	226,888
Advertising fees
Disaggregation of Revenue [Line Items]
Total franchise revenue	51,932	67,514	142,750	211,882
Pancake and waffle dry mix sales and other
Disaggregation of Revenue [Line Items]
Total franchise revenue	10,690	13,201	27,575	40,158
Franchise and development fees
Disaggregation of Revenue [Line Items]
Total franchise revenue	$ 3,069	$ 2,979	$ 9,668	$ 8,866

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue Disclosures - (Details) - Receivables from Franchise Revenue Transactions - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Billed and unbilled receivables	$ 94.4	$ 63.5
Billed and unbilled receivables, accumulated allowance for credit loss	$ 7.0	$ 0.7

Revenue Disclosures - Changes in the Company's contract liability for deferred franchise and development fees (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2020 USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance at December 31, 2019	$ 67,030
Recognized as revenue during the nine months ended September 30, 2020	(9,029)
Fees deferred during the nine months ended September 30, 2020	3,962
Balance at September 30, 2020	$ 61,963

Revenue Disclosures - Deferred revenue expected to be recognized (Details) $ in Thousands	Sep. 30, 2020 USD ($)
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 61,963
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 1,928
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 7,876
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 7,233
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 6,708
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 6,082
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 32,136
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing

Current Expected Credit Losses - Narrative (Details) $ in Millions	Sep. 30, 2020 USD ($) properties
Financing Receivable, Allowance for Credit Loss [Line Items]
Finance lease, weighted average remaining lease term	9 years
Operating lease, weighted average remaining lease term	7 years 4 months 24 days
Notes Receivable \| Applebee's
Financing Receivable, Allowance for Credit Loss [Line Items]
Accounts and financing receivable, allowance for credit loss \| $	$ 14.4
Lease Receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Finance lease, weighted average remaining lease term	4 years 1 month 6 days
Number of properties subject to ground leases \| properties	98
Equipment Notes
Financing Receivable, Allowance for Credit Loss [Line Items]
Operating lease, weighted average remaining lease term	5 years 7 months 6 days

Current Expected Credit Losses - Components of Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 99.7	$ 60.8
Gift card receivables	3.8	46.7
Notes receivable	28.9	28.9
Financing receivables:	104.2
Accounts and financing receivable, before allowance for credit loss	214.1	234.2
Less: allowance for doubtful accounts and notes receivable	(22.1)	(11.3)
Accounts and financing receivable, after allowance for credit loss	192.0	222.9
Less: current portion	(122.1)	(136.9)
Long-term receivables	69.9	86.0
Equipment leases receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables:	49.8	56.3
Direct financing leases receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables:	25.5	34.0
Franchise fee notes receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables:	0.1	0.1
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables:	$ 6.5	$ 7.3

Current Expected Credit Losses - Changes in the Allowance for Credit Losses (Details)	9 Months Ended
	Sep. 30, 2020 USD ($)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	$ 11,300,000
Bad debt expense for the nine months ended September 30, 2020	8,400,000
Advertising provision adjustment	2,100,000
Write-offs	(400,000)
Recoveries	0.0
Balance, September 30, 2020	22,100,000
Cumulative Effect, Period Of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	700,000
Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	700,000
Bad debt expense for the nine months ended September 30, 2020	3,800,000
Advertising provision adjustment	2,400,000
Write-offs	(200,000)
Recoveries	0.0
Balance, September 30, 2020	7,000,000.0
Accounts Receivable \| Cumulative Effect, Period Of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	300,000
Notes receivable, short-term
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	2,400,000
Bad debt expense for the nine months ended September 30, 2020	2,700,000
Advertising provision adjustment	(100,000)
Write-offs	(100,000)
Recoveries	0
Balance, September 30, 2020	4,900,000
Notes receivable, short-term \| Cumulative Effect, Period Of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	0.0
Notes receivable, long-term
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	8,200,000
Bad debt expense for the nine months ended September 30, 2020	1,400,000
Advertising provision adjustment	(200,000)
Write-offs	0
Recoveries	0
Balance, September 30, 2020	9,500,000
Notes receivable, long-term \| Cumulative Effect, Period Of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	100,000
Lease Receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	0
Bad debt expense for the nine months ended September 30, 2020	100,000
Advertising provision adjustment	0
Write-offs	(0.0)
Recoveries	0.0
Balance, September 30, 2020	200,000
Lease Receivables \| Cumulative Effect, Period Of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	100,000
Equipment Notes
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	0
Bad debt expense for the nine months ended September 30, 2020	200,000
Advertising provision adjustment	0
Write-offs	(100,000)
Recoveries	0
Balance, September 30, 2020	200,000
Equipment Notes \| Cumulative Effect, Period Of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	100,000
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	0
Bad debt expense for the nine months ended September 30, 2020	200,000
Advertising provision adjustment	0
Write-offs	0
Recoveries	0
Balance, September 30, 2020	300,000
Other \| Cumulative Effect, Period Of Adoption, Adjustment
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2019	$ 100,000

Current Expected Credit Losses - Delinquency Status of Receivables (Details) $ in Millions	Sep. 30, 2020 USD ($)
Financing Receivable, Past Due [Line Items]
Current	$ 103.5
Total	105.8
30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.2
60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.2
90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.2
120+ days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	1.7
Notes receivable, short-term
Financing Receivable, Past Due [Line Items]
Current	4.2
Total	6.5
Notes receivable, short-term \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.2
Notes receivable, short-term \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.2
Notes receivable, short-term \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.2
Notes receivable, short-term \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	1.7
Notes receivable, long-term
Financing Receivable, Past Due [Line Items]
Current	22.4
Total	22.4
Notes receivable, long-term \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Notes receivable, long-term \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Notes receivable, long-term \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Notes receivable, long-term \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Lease Receivables
Financing Receivable, Past Due [Line Items]
Current	25.5
Total	25.5
Lease Receivables \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Lease Receivables \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Lease Receivables \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Lease Receivables \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Equipment Notes
Financing Receivable, Past Due [Line Items]
Current	49.8
Total	49.8
Equipment Notes \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Equipment Notes \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Equipment Notes \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Equipment Notes \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Other
Financing Receivable, Past Due [Line Items]
Current	1.6
Total	1.6
Other \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Other \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Other \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	0.0
Other \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivable, past due	$ 0.0

Current Expected Credit Losses - Year of Origination of Financing Receivables (Details) $ in Millions	Sep. 30, 2020 USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
2020	$ 3.4
2019	8.7
2018	12.8
2017	6.3
2016	1.3
Prior	71.7
Total	104.2
Notes receivable, short-term
Financing Receivable, Credit Quality Indicator [Line Items]
2020	1.9
2019	7.8
2018	12.8
2017	6.3
2016	0.0
Prior	0.1
Total	28.9
Lease Receivables
Financing Receivable, Credit Quality Indicator [Line Items]
2020	1.5
2019	0.9
2018	0.0
2017	0.0
2016	1.3
Prior	21.8
Total	25.5
Equipment Notes
Financing Receivable, Credit Quality Indicator [Line Items]
2020	0.0
2019	0.0
2018	0.0
2017	0.0
2016	0.0
Prior	49.8
Total	$ 49.8

Lease Disclosures Narrative (Details)	Sep. 30, 2020 properties restaurant_concept real_property
Lessee, Lease, Description [Line Items]
Number of company-operated restaurants located on leased real estate properties \| properties	69
Lessor, number of leases requiring additional rent payments based on a percentage of restaurant sales \| real_property	115
Lessee, number of leases requiring additional rent payments based on a percentage of restaurant sales \| real_property	240
Finance lease, weighted average remaining lease term	9 years
Operating lease, weighted average remaining lease term	7 years 4 months 24 days
Finance lease, weighted average discount rate, percent	10.20%
Operating lease, weighted average discount rate, percent	5.70%
IHOP
Lessee, Lease, Description [Line Items]
Number of franchisee-operated restaurants	600
Number of properties leased	60
Lessee, operating lease, renewal term	5 years
Applebee's
Lessee, Lease, Description [Line Items]
Number of franchisee-operated restaurants	1
Number of properties leased	1
Minimum \| IHOP
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	20 years
Minimum \| Applebee's
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	10 years
Lessee, operating lease, renewal term	5 years
Maximum \| IHOP
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	25 years
Maximum \| Applebee's
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	20 years
Lessee, operating lease, renewal term	20 years

Lease Disclosures Components of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Finance lease cost:
Amortization of right-of-use assets	$ 1.2	$ 1.3	$ 3.7	$ 4.0
Interest on lease liabilities	1.6	1.9	5.0	5.9
Operating lease cost	25.7	26.5	78.8	79.8
Variable lease cost	0.2	0.6	0.5	1.9
Short-term lease cost	0.0	0.0	0.0	0.0
Sublease income	(23.9)	(26.5)	(72.0)	(81.9)
Lease cost	$ 4.9	$ 3.8	$ 16.1	$ 9.7

Lease Disclosures Future minimum lease payments under noncancelable leases as lessee (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Finance Leases
2020 (remaining three months)	$ 5,900
2021	16,700
2022	15,000
2023	11,900
2024	9,700
Thereafter	59,400
Total minimum lease payments	118,500
Less: interest/imputed interest	(33,900)
Total obligations	84,700
Less: current portion	(12,300)
Long-term lease obligations	72,349	$ 77,393
Operating Leases
2020 (remaining three months)	31,000
2021	90,300
2022	82,900
2023	67,900
2024	62,200
Thereafter	194,100
Total minimum lease payments	528,300
Less: interest/imputed interest	(101,000)
Total obligations	427,400
Less: current portion	(75,470)	(72,815)
Long-term lease obligations	$ 351,927	$ 359,025

Lease Disclosures Payment for Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Principal payments on finance lease obligations	$ 3,000	$ 3,400	$ 9,034	$ 10,329
Interest payments on finance lease obligations	1,600	1,900	5,000	5,900
Payments on operating leases	23,500	22,900	70,000	68,700
Variable lease payments	$ 100	$ 600	$ 700	$ 2,100

Lease Disclosures Components of Lease Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Minimum lease payments	$ 24.3	$ 25.0	$ 72.2	$ 76.2
Variable lease income	1.1	2.5	3.8	8.5
Total operating lease income	$ 25.4	$ 27.5	$ 76.0	$ 84.7

Lease Disclosures Future minimum payments to be received as lessor under noncancelable operating leases (Details) $ in Millions	Sep. 30, 2020 USD ($)
Leases [Abstract]
2020 (remaining three months)	$ 29.0
2021	104.7
2022	101.4
2023	96.6
2024	87.7
Thereafter	220.7
Total minimum rents receivable	$ 640.0

Lease Disclosures Schedule of income from direct financing leases (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Interest income	$ 0.8	$ 1.2	$ 2.6	$ 3.9
Variable lease income	(0.0)	0.2	0.2	1.0
Total operating lease income	$ 0.8	$ 1.4	$ 2.8	$ 4.9

Lease Disclosures Future minimum payments to be received as lessor under noncancelable direct financing leases (Details) $ in Millions	Sep. 30, 2020 USD ($)
Leases [Abstract]
2020 (remaining three months)	$ 3.3
2021	10.6
2022	7.8
2023	3.7
2024	1.5
Thereafter	3.9
Total minimum rents receivable	30.7
Less: unearned income	(5.3)
Total net investment in direct financing leases	25.5
Less: current portion	(9.1)
Long-term investment in direct financing leases	$ 16.4

Long-Term Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Jun. 05, 2019
Debt Instrument [Line Items]
Debt issuance costs	$ (12,500)	$ (11,800)
Long-term debt, net of debt issuance costs	1,507,500	1,288,200
Current portion of long-term debt	(13,000)	0
Long-term debt	$ 1,494,538	$ 1,288,248
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I
Debt Instrument [Line Items]
Debt interest rate (percent)	4.194%	4.194%	4.194%
Senior notes	$ 700,000	$ 700,000
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II
Debt Instrument [Line Items]
Debt interest rate (percent)	4.723%	4.723%
Senior notes	$ 600,000	$ 600,000
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020
Debt Instrument [Line Items]
Debt interest rate (percent)	2.44%
Senior notes	$ 220,000	$ 0

Long-Term Debt (Narrative) (Details)	1 Months Ended	3 Months Ended	9 Months Ended
Long-Term Debt (Narrative) (Details)	Jun. 30, 2026	Sep. 30, 2020 USD ($) Rate	Sep. 30, 2020 USD ($) numberOfExtensionTerm Rate	Dec. 31, 2019 USD ($)	Jun. 05, 2019 USD ($)
Debt Instrument [Line Items]
Ratio of indebtedness to net capital \| Rate		667.00%	667.00%
DSCR less than 1.20x - Rapid Amortization Event \| Rate		120.00%	120.00%
Interest-only DSCR less than 1.20x - Manager Termination Event \| Rate		120.00%	120.00%
Interest-only DSCR less than 1.10x - Default Event \| Rate		110.00%	110.00%
Debt service coverage ratio \| Rate		320.00%	320.00%
Debt issuance costs, gross		$ 12,900,000	$ 12,900,000
Amortization of debt issuance costs		500,000	1,600,000
Unamortized debt issuance costs		12,500,000	$ 12,500,000	$ 11,800,000
Incurred cost		$ 200,000
Maximum
Debt Instrument [Line Items]
DSCR less than 1.75x - Cash Flow Sweeping Event \| Rate		175.00%	175.00%
Letter of Credit \| Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Letter of Credit \| Base Rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.15%
Letter of Credit \| Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I
Debt Instrument [Line Items]
Debt interest rate (percent)		4.194%	4.194%	4.194%	4.194%
Debt instrument, face amount					$ 700,000,000
Quarterly principal payment			$ 3,250,000
Make-whole premium		$ 41,000,000	$ 41,000,000
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I \| Maximum
Debt Instrument [Line Items]
Ratio of indebtedness to net capital \| Rate		525.00%	525.00%
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I \| Forecast
Debt Instrument [Line Items]
Additional interest on fixed rate	5.00%
Debt instrument, term	10 years
Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I \| Ten Year United States Treasury Bill Rate \| Forecast
Debt Instrument [Line Items]
Basis spread on variable rate	2.15%
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II
Debt Instrument [Line Items]
Debt interest rate (percent)		4.723%	4.723%	4.723%
Debt instrument, face amount					600,000,000
Make-whole premium		$ 84,000,000	$ 84,000,000
Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II \| Ten Year United States Treasury Bill Rate \| Forecast
Debt Instrument [Line Items]
Basis spread on variable rate	2.64%
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020
Debt Instrument [Line Items]
Debt interest rate (percent)		2.44%	2.44%
Letters of credit outstanding, amount		$ 2,800,000	$ 2,800,000
Line of credit facility, current borrowing capacity		2,200,000	2,200,000
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020 \| Revolving Credit Facility
Debt Instrument [Line Items]
Long-term Line of Credit		220,000,000.0	220,000,000.0
Line of credit facility, maximum borrowing capacity		$ 225,000,000	$ 225,000,000		$ 225,000,000
Long-term debt, weighted average interest rate, over time		2.53%	3.31%
Number of additional extension terms \| numberOfExtensionTerm			2
Extension term			1 year
Unamortized debt issuance costs		$ 2,600,000	$ 2,600,000
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020 \| Revolving Credit Facility \| Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate		2.15%
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.44% at September 30, 2020 \| Letter of Credit
Debt Instrument [Line Items]
Basis spread on variable rate		2.15%
Series 2014-1 4.277% Fixed Rate Senior Secured Notes, Class A-2
Debt Instrument [Line Items]
Debt interest rate (percent)		4.277%	4.277%
Repayments of debt			$ 1,280,000,000
Series 2018-1 Variable Funding Senior Notes Class A-1, variable interest rate of 4.93% at December 31, 2018
Debt Instrument [Line Items]
Amortization of debt issuance costs		$ 100,000	400,000
Unamortized debt issuance costs		$ 2,800,000	$ 2,800,000

Long-Term Debt (Schedule of Maturities of Long-Term Debt) (Details) $ in Millions	Sep. 30, 2020 USD ($)
Debt Disclosure [Abstract]
2020 (remaining three months)	$ 3.3
2021	13.0
2022	13.0
2023	13.0
2024	903.3
Thereafter	574.5
Long-term Debt	$ 1,520.0

Stockholders' Deficit - Narrative (Details) - USD ($)			3 Months Ended			9 Months Ended		12 Months Ended
Stockholders' Deficit - Narrative (Details) - USD ($)	Apr. 03, 2020	Jan. 10, 2020	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Feb. 20, 2019
Equity, Class of Treasury Stock [Line Items]
Dividends paid on common stock						$ 23,934,000	$ 35,273,000
Dividends declared per common share (USD per share)			$ 0	$ 0.76	$ 0.69	$ 0.76	$ 2.07	$ 0.69
Dividends paid per common share (USD per share)	$ 0.76	$ 0.69	$ 0		$ 0.69	$ 1.45	$ 2.01
Treasury stock reissued (shares)						396,996
Reissuance of treasury stock			$ 0		$ 3,733,000	$ 20,523,000	$ 10,671,000
Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Treasury stock reissued (shares)			16,000		73,000	397,000	260,000
Reissuance of treasury stock			$ 709,000		$ 3,151,000	$ 17,865,000	$ 11,408,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Treasury stock reissued (shares)			16,000		73,000	397,000	260,000
Reissuance of treasury stock							$ (1,000)
2019 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount									$ 200,000,000

Stockholders' Deficit - Dividends declared and paid per share (Details) - $ / shares			3 Months Ended			9 Months Ended		12 Months Ended
	Apr. 03, 2020	Jan. 10, 2020	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Equity [Abstract]
Dividends declared per common share (USD per share)			$ 0	$ 0.76	$ 0.69	$ 0.76	$ 2.07	$ 0.69
Dividends paid per common share (USD per share)	$ 0.76	$ 0.69	$ 0		$ 0.69	$ 1.45	$ 2.01

Stockholders' Deficit - Share Repurchases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Class of Stock [Line Items]
Stock repurchased during period, value		$ 42,717	$ 26,527	$ 90,073
2019 Repurchase Program
Class of Stock [Line Items]
Stock repurchased during period (in shares)	0		459,899
Stock repurchased during period, value	$ 0		$ 26,500
Cumulative amount of shares repurchased (in shares)	1,697,597		1,697,597
Cumulative payments for repurchase of common stock	$ 129,800		$ 129,800
Remaining dollar value of shares that may be repurchased	$ 70,200		$ 70,200

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Income Tax Contingency [Line Items]
Effective income tax rate (percent)	5.60%	24.50%
Effective income tax rate reconciliation, change in enacted tax rate, amount	$ 6,100
Income (loss), before tax	(108,600)
Deferred income tax expense (benefit)	24,172	$ (2,890)
Gross unrecognized tax benefit	6,200		$ 7,600
Expected change in unrecognized tax benefits	1,000
Accrued interest on income taxes	1,900		2,500
Accrued penalties on income taxes, less than	100		$ 100
Trade Names
Income Tax Contingency [Line Items]
Impairment	11,000
Franchised Units \| Applebee's
Income Tax Contingency [Line Items]
Impairment of goodwill, nondeductible	$ 92,200

Stock-Based Compensation (Components of Stock-Based Compensation Expense) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Equity classified awards expense	$ 2.5	$ 2.4	$ 9.2	$ 8.3
Liability classified awards expense	1.1	0.2	0.6	2.6
Total pre-tax stock-based compensation expense	3.6	2.6	9.8	10.9
Book income tax benefit	(0.9)	(0.6)	(2.4)	(2.8)
Total stock-based compensation expense, net of tax	$ 2.7	$ 2.0	$ 7.4	$ 8.1

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)			167,969
Share-based compensation expense	$ 3,600	$ 2,600	$ 9,800	$ 10,900
Liability classified awards (credit) expense	(1,100)	(200)	(600)	(2,600)
Accrued employee compensation and benefits	17,498		17,498		$ 23,904
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	14,700		$ 14,700
Total compensation cost not yet recognized, period for recognition (in years)			1 year 1 month 6 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	2,900		$ 2,900
Total compensation cost not yet recognized, period for recognition (in years)			1 year 3 months 18 days
Cash-settled Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	800			1,000
Liability classified awards (credit) expense		(200)	$ (100)
Accrued employee compensation and benefits	2,100		$ 2,100		2,300
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)			3 years
Share-based compensation expense	300	$ 500	$ 700	$ 1,700
Accrued employee compensation and benefits	$ 2,100		$ 2,100		$ 2,900
LTIP \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Multiplier for target award based on total shareholder return on common stock (percent)			0.00%
LTIP \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Multiplier for target award based on total shareholder return on common stock (percent)			200.00%

Stock-Based Compensation (Options Value Assumptions) (Details) - Stock Options	9 Months Ended
	Sep. 30, 2020 $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate (percent)	1.20%
Weighted average historical volatility (percent)	30.50%
Dividend yield (percent)	3.50%
Expected years until exercise (years)	4 years 7 months 6 days
Weighted average fair value of options granted (USD per share)	$ 17.53

Stock-Based Compensation (Stock Option Activity) (Details) - Stock Options $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2020 USD ($) $ / shares shares
Shares
Options, outstanding, beginning of period (in shares) \| shares	1,217,438
Options, granted (in shares) \| shares	167,969
Options, exercised (in shares) \| shares	(270,024)
Options, expired (in shares) \| shares	(48,119)
Options, forfeited (in shares) \| shares	(45,247)
Options, outstanding, end of period (in shares) \| shares	1,022,017
Options, vested and expected to vest (in shares) \| shares	983,454
Options, exercisable (in shares) \| shares	423,261
Weighted Average Exercise Price
Weighted average exercise price, beginning of period (per share) \| $ / shares	$ 66.43
Weighted average exercise price, granted (per share) \| $ / shares	87.17
Weighted average exercise price, exercised (per share) \| $ / shares	76.01
Weighted average exercise price, expired (per share) \| $ / shares	112.58
Weighted average exercise price, forfeited (per share) \| $ / shares	86.39
Weighted average exercise price, end of period (per share) \| $ / shares	64.25
Weighted average exercise price, vested and expected to vest (per share) \| $ / shares	63.99
Weighted average exercise price, exercisable (per share) \| $ / shares	$ 70.54
Weighted average remaining contractual term (in years)	6 years 8 months 12 days
Weighted average remaining contractual term, vested and expected to vest (in years)	6 years 8 months 12 days
Weighted average remaining contractual term, exercisable (in years)	5 years 3 months 18 days
Options, outstanding, intrinsic value \| $	$ 5.5
Options, vested and expected to vest, intrinsic value \| $	5.3
Options, vested and expected to vest, exercisable \| $	$ 0.4

Stock-Based Compensation (Restricted Stock) (Details)	9 Months Ended
Stock-Based Compensation (Restricted Stock) (Details)	Sep. 30, 2020 $ / shares shares
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Restricted stock, beginning of period (in shares) \| shares	224,515
Restricted stock, granted (in shares) \| shares	127,041
Restricted stock, released (in shares) \| shares	(93,160)
Restricted stock, forfeited (in shares) \| shares	(38,172)
Restricted stock, end of period (in shares) \| shares	220,224
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value, beginning balance (per share) \| $ / shares	$ 70.52
Weighted average grant date fair value, granted (per share) \| $ / shares	75.86
Weighted average grant date fair value, released (per share) \| $ / shares	55.58
Weighted average grant date fair value, forfeited (per share) \| $ / shares	85.01
Weighted average grant date fair value, ending balance (per share) \| $ / shares	$ 78.12
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Restricted stock, beginning of period (in shares) \| shares	357,807
Restricted stock, granted (in shares) \| shares	30,997
Restricted stock, released (in shares) \| shares	(33,234)
Restricted stock, forfeited (in shares) \| shares	0
Restricted stock, end of period (in shares) \| shares	355,570
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average grant date fair value, beginning balance (per share) \| $ / shares	$ 30.35
Weighted average grant date fair value, granted (per share) \| $ / shares	77.33
Weighted average grant date fair value, released (per share) \| $ / shares	63.98
Weighted average grant date fair value, forfeited (per share) \| $ / shares	0
Weighted average grant date fair value, ending balance (per share) \| $ / shares	$ 28.01

Stock-Based Compensation (Liability Classified Awards - Cash-settled Restricted Stock Units) (Details) - Cash-settled Restricted Stock Units	9 Months Ended
	Sep. 30, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Restricted stock, beginning of period (in shares)	63,852
Restricted stock, granted (in shares)	2,658
Restricted stock, released (in shares)	(1,426)
Restricted stock, forfeited (in shares)	(11,603)
Restricted stock, end of period (in shares)	53,481

Segments - Narrative (Details)	9 Months Ended
Segments - Narrative (Details)	Sep. 30, 2020 Restaurant segment Territory Country
Franchisor Disclosure [Line Items]
Number of operating segments (segment) \| segment	5
Number of reportable segments (segment) \| segment	4
Applebee's
Franchisor Disclosure [Line Items]
Number of territories in which entity operates (territory) \| Territory	2
Number of countries in which entity operates (country) \| Country	11
IHOP
Franchisor Disclosure [Line Items]
Number of territories in which entity operates (territory) \| Territory	2
Number of countries in which entity operates (country) \| Country	13
Franchised Units \| Applebee's
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	1,659
Franchised Units \| IHOP
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	1,807
Entity Operated Units \| Applebee's
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	69

Segments - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting Information [Line Items]
Rental revenues	$ 26,194	$ 28,970	$ 78,910	$ 89,559
Total revenues	176,643	217,405	493,239	682,667
Interest expense	19,100	17,500	55,500	52,900
Depreciation and amortization	10,700	10,700	32,053	31,515
Segment profit	9,153	31,732	(108,552)	101,931
Operating Segments
Segment Reporting Information [Line Items]
Segment profit	66,800	89,700	181,300	287,100
Corporate and unallocated expenses, net
Segment Reporting Information [Line Items]
Segment profit	(57,600)	(58,000)	(289,900)	(185,200)
Franchise operations \| Operating Segments
Segment Reporting Information [Line Items]
Depreciation and amortization	2,500	2,600	7,600	7,700
Segment profit	61,100	81,600	167,500	254,000
Rental operations \| Operating Segments
Segment Reporting Information [Line Items]
Rental revenues	26,200	29,000	78,900	89,600
Interest expense	1,600	1,800	4,700	6,100
Depreciation and amortization	3,000	3,300	9,300	10,200
Segment profit	5,400	6,400	14,300	21,400
Company restaurants \| Operating Segments
Segment Reporting Information [Line Items]
Interest expense	700	500	1,700	1,600
Depreciation and amortization	1,800	1,600	5,000	4,700
Segment profit	(900)	200	(4,400)	6,900
Financing operations \| Operating Segments
Segment Reporting Information [Line Items]
Segment profit	1,200	1,500	3,900	4,800
Corporate
Segment Reporting Information [Line Items]
Interest expense	16,800	15,200	49,100	45,200
Depreciation and amortization	3,400	3,200	10,200	8,900
Franchise revenues
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	121,752	156,200	334,665	487,794
Franchise revenues \| Franchise operations \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	121,800	156,200	334,700	487,800
Company restaurant sales
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	27,353	30,548	75,427	100,034
Company restaurant sales \| Company restaurants \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	27,300	30,500	75,400	100,000
Financing revenues
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	1,344	1,687	4,237	5,280
Financing revenues \| Financing operations \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer, excluding assessed tax	$ 1,300	$ 1,700	$ 4,200	$ 5,300

Net Income (Loss) per Share - Computation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net (loss) income	$ 10,018	$ 23,917	$ (102,433)	$ 76,950
Less: Net income allocated to unvested participating restricted stock	(329)	(795)	(420)	(2,621)
Net income (loss) available to common stockholders - basic	9,689	23,122	(102,853)	74,329
Dilutive Securities, Effect on Basic Earnings Per Share, Options and Restrictive Stock Units	2	6	0	28
Net income (loss) available to common stockholders - diluted	$ 9,691	$ 23,128	$ (102,853)	$ 74,357
Weighted average outstanding shares of common stock - basic (in shares)	16,221	16,762	16,229	17,095
Dilutive effect of stock options (in shares)	62	293	0	337
Weighted average outstanding shares of common stock - diluted (in shares)	16,283	17,055	16,229	17,432
Net income per common share - basic (USD per share)	$ 0.60	$ 1.38	$ (6.34)	$ 4.35
Net income per common share - diluted (USD per share)	$ 0.60	$ 1.36	$ (6.34)	$ 4.27

Net Income (Loss) per Share - Narrative (Details) - $ / shares shares in Thousands	3 Months Ended	6 Months Ended	9 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Sep. 30, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)			86
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income per common share - basic and diluted (USD per share)	$ (8.04)	$ (6.69)
Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income per common share - basic and diluted (USD per share)	$ (8.33)	$ (6.96)

Fair Value Measurements - Fair Value of Non-Current Financial Liabilities (Details) - Level 2 - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Carrying amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	$ 1,300.0	$ 1,300.0
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	$ 1,164.4	$ 1,326.3

Commitments and Contingencies - Narrative (Details) - Applebee's - Property Lease Guarantee $ in Millions	Sep. 30, 2020 USD ($)
Loss Contingencies [Line Items]
Potential liability for guaranteed leases	$ 253.5
Potential liability for guaranteed leases excluding unexercised option periods	$ 38.2

Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Restricted Cash and Cash Equivalents Items [Line Items]
Current restricted cash	$ 47,511		$ 40,732
Non-current restricted cash	32,800		15,700
Secured Debt
Restricted Cash and Cash Equivalents Items [Line Items]
Non-current restricted cash	32,800	$ 16,400
Held in Trust Deposits
Restricted Cash and Cash Equivalents Items [Line Items]
Current restricted cash	40,500		38,400
Held for Advertising Activity Deposits
Restricted Cash and Cash Equivalents Items [Line Items]
Current restricted cash	$ 6,900		$ 2,300