Dine Brands Global (DIN) 10-Q5 Aug 212021 Q2 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	6 Months Ended
Cover Page - shares	Jun. 30, 2021	Jul. 29, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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		17,176,018
Entity Central Index Key	0000049754
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 259,461	$ 383,369
Receivables, net of allowance of $10,095 (2021) and $15,057 (2020)	99,308	121,897
Restricted cash	72,137	39,884
Prepaid gift card costs	21,716	29,080
Prepaid income taxes	397	6,178
Other current assets	8,134	6,098
Total current assets	461,153	586,506
Other intangible assets, net	544,587	549,671
Operating lease right-of-use assets	331,826	346,086
Goodwill	251,628	251,628
Property and equipment, net	178,571	187,977
Long-term receivables, net of allowance of $5,503 (2021) and $7,999 (2020)	47,839	54,512
Deferred rent receivable	53,017	56,449
Non-current restricted cash	16,400	32,800
Other non-current assets, net	10,902	9,316
Total assets	1,895,923	2,074,945
Current liabilities:
Current maturities of long-term debt	3,250	13,000
Accounts payable	40,126	37,424
Gift card liability	120,842	144,159
Current maturities of operating lease obligations	70,491	69,672
Current maturities of finance lease and financing obligations	10,954	11,293
Accrued employee compensation and benefits	22,785	21,237
Accrued advertising	52,707	21,641
Deferred franchise revenue, short-term	7,447	7,682
Other accrued expenses	16,253	22,460
Total current liabilities	344,855	348,568
Long-term debt	1,278,504	1,491,996
Operating lease obligations, less current maturities	325,278	345,163
Finance lease obligations, less current maturities	64,095	69,012
Financing obligations, less current maturities	32,393	32,797
Deferred income taxes, net	67,780	78,293
Deferred franchise revenue, long-term	47,794	52,237
Other non-current liabilities	17,975	11,530
Total liabilities	2,178,674	2,429,596
Commitments and contingencies
Stockholders’ deficit:
Preferred stock, $1 par value, 10,000,000 shares authorized; no shares issued or outstanding	0	0
Common stock, $0.01 par value; shares: 40,000,000 authorized; June 30, 2021 - 25,011,253 issued, 17,177,950 outstanding; December 31, 2020 - 24,882,122 issued, 16,452,174 outstanding	250	249
Additional paid-in-capital	250,509	257,625
Accumulated deficit	(588)	(55,553)
Accumulated other comprehensive loss	(57)	(55)
Treasury stock, at cost; shares: June 30, 2021 - 7,833,303; December 31, 2020 - 8,429,948	(532,865)	(556,917)
Total stockholders’ deficit	(282,751)	(354,651)
Total liabilities and stockholders’ deficit	$ 1,895,923	$ 2,074,945

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Receivables, allowance for credit loss	$ 10,095	$ 15,057
Long-term receivables, allowance for credit loss	$ 5,503	$ 7,999
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)	25,011,253	24,882,122
Common stock, shares outstanding (in shares)	17,177,950	16,452,174
Treasury stock, shares (in shares)	7,833,303	8,429,948

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Rental revenues	$ 27,382	$ 23,707	$ 53,524	$ 52,716
Total revenues	233,619	109,712	437,818	316,596
Cost of revenues:
Franchise expenses	79,257	37,080	144,200	106,530
Company restaurant expenses	34,759	21,139	67,643	51,471
Interest expense from finance leases	893	1,137	1,855	2,347
Other rental expenses	19,718	20,106	39,714	41,429
Total rental expenses	20,611	21,243	41,569	43,776
Financing expenses	115	128	243	270
Total cost of revenues	134,742	79,590	253,655	202,047
Gross profit	98,877	30,122	184,163	114,549
General and administrative expenses	39,276	30,870	79,187	68,478
Interest expense, net	15,739	17,127	32,235	32,299
Impairment and closure charges	2,571	124,365	4,581	124,353
Amortization of intangible assets	2,663	2,755	5,351	5,581
(Gain) loss on disposition of assets	(30)	1,776	137	1,543
Income before income taxes	38,658	(146,771)	62,672	(117,705)
Income tax (provision) benefit	(9,296)	11,992	(7,707)	5,254
Net income (loss)	29,362	(134,779)	54,965	(112,451)
Other comprehensive income net of tax:
Foreign currency translation adjustment	(1)	0	(2)	0
Total comprehensive income (loss)	29,361	(134,779)	54,963	(112,451)
Net income (loss) available to common stockholders:
Net income (loss)	29,362	(134,779)	54,965	(112,451)
Less: Net income allocated to unvested participating restricted stock	(657)	0	(1,431)	(420)
Net income (loss) available to common stockholders	$ 28,705	$ (134,779)	$ 53,534	$ (112,871)
Net income (loss) available to common stockholders per share:
Basic (USD per share)	$ 1.70	$ (8.33)	$ 3.21	$ (6.96)
Diluted (USD per share)	$ 1.69	$ (8.33)	$ 3.19	$ (6.96)
Weighted average shares outstanding:
Basic (in shares)	16,886	16,177	16,673	16,215
Diluted (in shares)	16,977	16,177	16,802	16,215
Franchise revenues
Revenues:
Revenue from contract with customer	$ 166,954	$ 67,876	$ 307,930	$ 212,913
Royalties, franchise fees and other
Revenues:
Revenue from contract with customer	94,630	38,781	174,721	122,095
Advertising revenues
Revenues:
Revenue from contract with customer	72,324	29,095	133,209	90,818
Company restaurant sales
Revenues:
Revenue from contract with customer	38,194	16,774	74,143	48,074
Financing revenues
Revenues:
Revenue from contract with customer	1,089	1,355	2,221	2,893
Advertising fees
Revenues:
Revenue from contract with customer	72,324	29,095	133,209	90,818
Cost of revenues:
Franchise expenses	72,324	29,095	133,209	90,818
Bad debt (credit) expense
Cost of revenues:
Franchise expenses	(291)	5,053	(2,284)	5,571
Other franchise expenses
Cost of revenues:
Franchise expenses	$ 7,224	$ 2,932	$ 13,275	$ 10,141

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit - USD ($) $ in Thousands	Total	Cumulative Effect, Period Of Adoption, Adjustment	Common Stock	Additional Paid-in Capital	Retained Earnings (Accumulated Deficit)	Retained Earnings (Accumulated Deficit)Cumulative Effect, Period Of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Treasury Stock
Common stock, beginning balance (in shares) at Dec. 31, 2019			16,522,000
Stockholders' equity balance, beginning of the period at Dec. 31, 2019	$ (241,774)	$ (497)	$ 249	$ 246,192	$ 61,653	$ (497)	$ (58)	$ (549,810)
Treasury stock, beginning balance (in shares) at Dec. 31, 2019								8,404,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(112,451)				(112,451)
Purchase of Company common stock (in shares)			(460,000)					(460,000)
Purchase of Company common stock	(26,527)							$ (26,527)
Reissuance of treasure stock (in shares)			381,000					381,000
Reissuance of treasury stock	20,523			3,367				$ 17,156
Net issuance of shares for stock plans (in shares)			4,000
Repurchase of restricted shares for taxes (in shares)			(29,000)
Repurchase of restricted shares for taxes	(2,129)			(2,129)
Stock-based compensation	6,670			6,670
Dividends on common stock	(12,208)			507	(12,715)
Tax payments for share settlement of restricted stock units	(178)			(178)
Common stock, ending balance (in shares) at Jun. 30, 2020			16,418,000
Stockholders' equity balance, ending of the period at Jun. 30, 2020	(368,571)		$ 249	254,429	(64,010)		(58)	$ (559,181)
Treasury stock, ending balance (in shares) at Jun. 30, 2020								8,483,000
Common stock, beginning balance (in shares) at Mar. 31, 2020			16,421,000
Stockholders' equity balance, beginning of the period at Mar. 31, 2020	(236,377)		$ 249	252,443	70,769		(58)	$ (559,780)
Treasury stock, beginning balance (in shares) at Mar. 31, 2020								8,496,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(134,779)				(134,779)
Reissuance of treasure stock (in shares)			14,000					13,000
Reissuance of treasury stock	(1)			(600)				$ 599
Net issuance of shares for stock plans (in shares)			(14,000)
Repurchase of restricted shares for taxes (in shares)			(3,000)
Repurchase of restricted shares for taxes	(129)			(129)
Stock-based compensation	2,632			2,632
Dividends on common stock	261			261	0
Tax payments for share settlement of restricted stock units	(178)			(178)
Common stock, ending balance (in shares) at Jun. 30, 2020			16,418,000
Stockholders' equity balance, ending of the period at Jun. 30, 2020	$ (368,571)		$ 249	254,429	(64,010)		(58)	$ (559,181)
Treasury stock, ending balance (in shares) at Jun. 30, 2020								8,483,000
Common stock, beginning balance (in shares) at Dec. 31, 2020	16,452,174		16,452,000
Stockholders' equity balance, beginning of the period at Dec. 31, 2020	$ (354,651)		$ 249	257,625	(55,553)		(55)	$ (556,917)
Treasury stock, beginning balance (in shares) at Dec. 31, 2020	8,429,948							8,430,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	$ 54,965				54,965
Other comprehensive income (loss)	$ (2)						(2)
Reissuance of treasure stock (in shares)	596,645		597,000					597,000
Reissuance of treasury stock	$ 22,511		$ 1	(1,542)				$ 24,052
Net issuance of shares for stock plans (in shares)			146,000
Repurchase of restricted shares for taxes (in shares)			(17,000)
Repurchase of restricted shares for taxes	(1,403)			(1,403)
Stock-based compensation	5,612			5,612
Tax payments for share settlement of restricted stock units	$ (9,783)			(9,783)
Common stock, ending balance (in shares) at Jun. 30, 2021	17,177,950		17,178,000
Stockholders' equity balance, ending of the period at Jun. 30, 2021	$ (282,751)		$ 250	250,509	(588)		(57)	$ (532,865)
Treasury stock, ending balance (in shares) at Jun. 30, 2021	7,833,303							7,833,000
Common stock, beginning balance (in shares) at Mar. 31, 2021			17,142,000
Stockholders' equity balance, beginning of the period at Mar. 31, 2021	$ (317,402)		$ 250	247,498	(29,950)		(56)	$ (535,144)
Treasury stock, beginning balance (in shares) at Mar. 31, 2021								7,891,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	29,362				29,362
Other comprehensive income (loss)	(1)						(1)
Reissuance of treasure stock (in shares)			58,000					58,000
Reissuance of treasury stock	3,027			748				$ 2,279
Net issuance of shares for stock plans (in shares)			(20,000)
Repurchase of restricted shares for taxes (in shares)			(2,000)
Repurchase of restricted shares for taxes	(183)			(183)
Stock-based compensation	2,518			2,518
Tax payments for share settlement of restricted stock units	$ (72)			(72)
Common stock, ending balance (in shares) at Jun. 30, 2021	17,177,950		17,178,000
Stockholders' equity balance, ending of the period at Jun. 30, 2021	$ (282,751)		$ 250	$ 250,509	$ (588)		$ (57)	$ (532,865)
Treasury stock, ending balance (in shares) at Jun. 30, 2021	7,833,303							7,833,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 54,965	$ (112,451)
Adjustments to reconcile net income (loss) to cash flows provided by (used in) operating activities:
Non-cash impairment and closure charges	4,514	124,343
Depreciation and amortization	19,976	21,345
Non-cash stock-based compensation expense	5,612	6,670
Non-cash interest expense	1,427	1,318
Deferred income taxes	(10,007)	(10,793)
Deferred revenue	(4,678)	(4,840)
Loss on disposition of assets	137	1,543
Other	(3,608)	(252)
Changes in operating assets and liabilities:
Accounts receivable, net	4,928	(31,039)
Current income tax receivables and payables	5,315	(5,456)
Gift card receivables and payables	(3,837)	2,293
Other current assets	(2,036)	(2,503)
Accounts payable	6,195	(903)
Accrued employee compensation and benefits	1,466	(13,336)
Accrued advertising	31,066	13,012
Other current liabilities	(5,419)	532
Cash flows provided by (used in) operating activities	106,016	(10,517)
Cash flows from investing activities:
Principal receipts from notes, equipment contracts and other long-term receivables	9,703	10,772
Net additions to property and equipment	(4,064)	(7,380)
Proceeds from sale of property and equipment	946	456
Additions to long-term receivables	0	(1,475)
Other	(237)	(276)
Cash flows provided by investing activities	6,348	2,097
Cash flows from financing activities:
Repayment of long-term debt	(6,500)	0
Borrowing from revolving credit facility	0	220,000
Repayment of revolving credit facility	(220,000)	0
Dividends paid on common stock	0	(23,934)
Repurchase of common stock	0	(29,853)
Principal payments on finance lease obligations	(5,244)	(5,993)
Proceeds from stock options exercised	22,511	20,523
Repurchase of restricted stock for tax payments upon vesting	(1,403)	(2,129)
Tax payments for share settlement of restricted stock units	(9,783)	(178)
Cash flows (used in) provided by financing activities	(220,419)	178,436
Net change in cash, cash equivalents and restricted cash	(108,055)	170,016
Cash, cash equivalents and restricted cash at beginning of period	456,053	172,475
Cash, cash equivalents and restricted cash at end of period	347,998	342,491
Supplemental disclosures:
Interest paid in cash	33,405	34,108
Income taxes paid in cash	13,341	11,103
Non-cash conversion of accounts receivable to notes receivable	$ 1,640	$ 0

General

General	6 Months Ended
General	Jun. 30, 2021
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 six months ended June 30, 2021 are not necessarily indicative of the results that may be expected for the twelve months ending December 31, 2021. The consolidated balance sheet at December 31, 2020 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, 2020.

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2021
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 2021 began on January 4, 2021 and ended on April 4, 2021; the second fiscal quarter of 2021 ended on July 4, 2021. The first fiscal quarter of 2020 began on December 30, 2019 and ended on March 29, 2020; the second fiscal quarter of 2020 ended on June 28, 2020. 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 may include the calculation and assessment of the following: impairment of goodwill, other intangible assets and tangible assets; income taxes; allowance for credit losses on 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 continuing 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 have varied and continue 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, continues to evolve. The Company first began to experience impacts from COVID-19 in March 2020, as federal, state, local and international 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. Subsequently, government-imposed dine-in restrictions have been relaxed in many of the locations in which the Company operates as incidents of infection decline within the respective governmental jurisdictions. As of June 30, 2021, 98% of domestic Applebee's and IHOP restaurants were operating at 100% capacity and 99% of domestic Applebee's and IHOP restaurants were open. The Company took 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 in March 2020 and repaid the borrowing in March 2021; (ii) suspended repurchases of common stock and the declaration of dividends on common stock after the first quarter of 2020.; (iii) deferred franchisee payment of royalty, advertising and other fees, and lease obligations for up to two months on a case-by-case basis, with 98% of Applebee's and 87% of IHOP deferrals collected as of June 30, 2021; (iv) deferred franchisee remodel and development obligations for up to 15 months; and (v) negotiated deferrals and abatements for properties on which the Company was lessee. 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 and variants of the virus may arise, the availability and acceptance of vaccines, what restrictions on in-restaurant dining may be imposed or re-imposed, 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 remain 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.

Accounting Standards Adopted an

Accounting Standards Adopted and Newly Issued Accounting Standards Not Yet Adopted	6 Months Ended
	Jun. 30, 2021
Accounting Policies [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 December 2019, the Financial Accounting Standards Board (“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 adopted the new guidance at the beginning of the first fiscal quarter of 2021. Adoption did not have any material effect on the consolidated financial statements. Additional new accounting guidance became effective for the Company as of the beginning of fiscal 2021 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 March 2020, with an update in January 2021, 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. The Company is currently evaluating its contracts that reference LIBOR and the potential effects of adopting this new guidance. In July 2021, the FASB issued guidance which affect lessors with lease contracts that (i) have variable lease payments that do not depend on a reference index or a rate and (ii) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendments are effective for fiscal years beginning after December 15, 2021. The Company is are currently evaluating lease contracts 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.

Revenue Disclosures

Revenue Disclosures	6 Months Ended
Revenue Disclosures	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Disclosures	Revenue Disclosures Franchise revenue 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 collectability 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 six months ended June 30, 2021 and 2020: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Franchise Revenue: Royalties $ 78,124 $ 31,011 $ 142,401 $ 98,611 Advertising fees 72,324 29,095 133,209 90,818 Pancake and waffle dry mix sales and other 13,525 4,037 24,415 16,885 Franchise and development fees 2,981 3,733 7,905 6,599 Total franchise revenue $ 166,954 $ 67,876 $ 307,930 $ 212,913 Accounts and other receivables from franchisees as of June 30, 2021 and December 31, 2020 were $69.4 million (net of allowance of $6.0 million) and $76.3 million (net of allowance of $11.4 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 six months ended June 30, 2021 are as follows: Deferred Franchise Revenue (short- and long-term) (In thousands) Balance at December 31, 2020 $ 59,919 Recognized as revenue during the six months ended June 30, 2021 (7,433) Fees deferred during the six months ended June 30, 2021 2,755 Balance at June 30, 2021 $ 55,241 The balance of deferred revenue as of June 30, 2021 is expected to be recognized as follows: (In thousands) Remainder of 2021 $ 3,743 2022 7,278 2023 6,644 2024 6,051 2025 5,274 Thereafter 26,251 Total $ 55,241

Current Expected Credit Losses

Current Expected Credit Losses ("CECL")	6 Months Ended
Current Expected Credit Losses ("CECL")	Jun. 30, 2021
Credit Loss [Abstract]
Current Expected Credit Losses ("CECL")	Current Expected Credit Losses (“CECL”) The 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. The Company records 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 Company's CECL methodology that assesses four components - historical losses, current conditions, reasonable and supportable forecasts, and a reversion to history, if applicable. 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. 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. 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 and IHOP franchise fee and other notes. The notes are typically collateralized by the franchise. A significant portion of these notes have specific reserves recorded against them amounting to $9.2 million as of June 30, 2021. Equipment Leases Receivable Equipment leases receivable 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. 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 5.1 years as of June 30, 2021. Direct Financing Leases Receivable Direct financing lease receivables also relate to IHOP franchise development activity prior to 2003. IHOP provided the financing for leasing or subleasing the site. Direct financing leases at June 30, 2021, comprised 81 leases with a weighted average remaining life of 4.4 years, and relate to locations that IHOP is leasing from third parties and subleasing to franchisees. 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 and are included as part of Other receivables. June 30, 2021 December 31, 2020 (In millions) Accounts receivable $ 72.8 $ 85.7 Gift card receivables 6.9 22.5 Notes receivable 20.1 18.6 Financing receivables: Equipment leases receivable 37.5 43.9 Direct financing leases receivable 18.9 22.7 Franchise fee notes receivable 0.1 0.1 Other 6.4 6.0 162.7 199.5 Less: allowance for credit losses (15.6) (23.1) 147.1 176.4 Less: current portion (99.3) (121.9) Long-term receivables $ 47.8 $ 54.5 Changes in the allowance for credit losses during the six months ended June 30, 2021 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, 2020 $ 11.2 $ 3.6 $ 5.3 $ 0.4 $ 2.3 $ 0.3 $ 23.1 Bad debt (credit) expense for the six months ended June 30, 2021 (2.2) 0.4 (0.1) 0.1 (0.4) (0.1) (2.3) Advertising provision adjustment (2.9) 0.0 — — — — (2.9) Write-offs (0.2) — — (0.5) (1.7) — (2.4) Other — — — 0.1 0.0 — 0.1 Balance, June 30, 2021 $ 5.9 $ 4.0 $ 5.2 $ 0.1 $ 0.2 $ 0.2 $ 15.6 (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 June 30, 2021 was as follows: Notes receivable, short-term Notes receivable, long-term Lease Receivables Equipment Notes Other (1) Total (In millions) Current $ 5.3 $ 12.0 $ 18.9 $ 37.5 $ 1.8 $ 75.5 30-59 days 0.2 — — — — 0.2 60-89 days 0.1 — — — — 0.1 90-119 days 0.1 — — — — 0.1 120+ days 2.5 — — — — 2.5 Total $ 8.2 $ 12.0 $ 18.9 $ 37.5 $ 1.8 $ 78.4 (1) Primarily c redit 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) 2021 $ 2.3 $ 1.0 $ — $ 3.3 2020 0.8 1.5 — 2.3 2019 2.5 0.8 — 3.3 2018 8.0 — — 8.0 2017 6.4 — — 6.4 Prior 0.1 15.6 37.5 53.2 Total $ 20.1 $ 18.9 $ 37.5 $ 76.5

Lease Disclosures

Lease Disclosures	6 Months Ended
Lease Disclosures	Jun. 30, 2021
Leases [Abstract]
Lease Disclosures	Lease Disclosures The Company engages in leasing activity as both a lessee and a lessor. The Company currently leases from third parties the real property on which approximately 540 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 55 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 provide 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 The Company's lease cost for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Finance lease cost: Amortization of right-of-use assets $ 1.1 $ 1.3 $ 2.3 $ 2.5 Interest on lease liabilities 1.4 1.6 2.8 3.4 Operating lease cost 24.7 26.6 49.8 53.1 Variable lease cost 0.5 (0.1) 0.8 0.3 Short-term lease cost 0.0 0.0 0.0 0.0 Sublease income (24.9) (21.5) (49.1) (48.1) Lease cost $ 2.8 $ 7.9 $ 6.6 $ 11.2 Future minimum lease payments under noncancelable leases as lessee as of June 30, 2021 were as follows: Finance Operating (In millions) 2021 (remaining six months) $ 7.7 $ 46.0 2022 14.4 87.9 2023 11.6 72.4 2024 9.7 67.2 2025 8.6 58.6 Thereafter 51.0 150.4 Total minimum lease payments 103.0 482.5 Less: interest/imputed interest (28.7) (86.7) Total obligations 74.3 395.8 Less: current portion (10.2) (70.5) Long-term lease obligations $ 64.1 $ 325.3 The weighted average remaining lease term as of June 30, 2021 was 9.4 years for finance leases and 7.0 years for operating leases. The weighted average discount rate as of June 30, 2021 was 10.2% for finance leases and 5.6% for operating leases. During the three and six months ended June 30, 2021 and 2020, the Company made the following cash payments for leases: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Principal payments on finance lease obligations $ 2.6 $ 3.0 $ 5.2 $ 6.0 Interest payments on finance lease obligations $ 1.4 $ 1.6 $ 2.8 $ 3.4 Payments on operating leases $ 22.8 $ 23.0 $ 45.8 $ 46.5 Variable lease payments $ 0.3 $ 0.2 $ 0.6 $ 0.5 The Company's income from operating leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Minimum lease payments $ 23.9 $ 22.5 $ 47.7 $ 47.9 Variable lease income 2.8 0.4 4.4 2.8 Total operating lease income $ 26.7 $ 22.9 $ 52.1 $ 50.7 Minimum payments to be received as lessor under noncancelable operating leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 50.2 2022 100.0 2023 96.4 2024 87.7 2025 76.2 Thereafter 178.9 Total minimum rents receivable $ 589.4 The Company's income from direct financing leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Interest income $ 0.5 $ 0.8 $ 1.1 $ 1.8 Variable lease income 0.2 0.0 0.3 0.2 Total operating lease income $ 0.7 $ 0.8 $ 1.4 $ 2.0 Minimum payments to be received as lessor under noncancelable direct financing leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 4.8 2022 7.6 2023 3.7 2024 1.6 2025 0.8 Thereafter 4.0 Total minimum rents receivable 22.5 Less: unearned income (3.6) Total net investment in direct financing leases 18.9 Less: current portion (7.5) Long-term investment in direct financing leases $ 11.4
Lease Disclosures	Lease Disclosures The Company engages in leasing activity as both a lessee and a lessor. The Company currently leases from third parties the real property on which approximately 540 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 55 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 provide 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 The Company's lease cost for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Finance lease cost: Amortization of right-of-use assets $ 1.1 $ 1.3 $ 2.3 $ 2.5 Interest on lease liabilities 1.4 1.6 2.8 3.4 Operating lease cost 24.7 26.6 49.8 53.1 Variable lease cost 0.5 (0.1) 0.8 0.3 Short-term lease cost 0.0 0.0 0.0 0.0 Sublease income (24.9) (21.5) (49.1) (48.1) Lease cost $ 2.8 $ 7.9 $ 6.6 $ 11.2 Future minimum lease payments under noncancelable leases as lessee as of June 30, 2021 were as follows: Finance Operating (In millions) 2021 (remaining six months) $ 7.7 $ 46.0 2022 14.4 87.9 2023 11.6 72.4 2024 9.7 67.2 2025 8.6 58.6 Thereafter 51.0 150.4 Total minimum lease payments 103.0 482.5 Less: interest/imputed interest (28.7) (86.7) Total obligations 74.3 395.8 Less: current portion (10.2) (70.5) Long-term lease obligations $ 64.1 $ 325.3 The weighted average remaining lease term as of June 30, 2021 was 9.4 years for finance leases and 7.0 years for operating leases. The weighted average discount rate as of June 30, 2021 was 10.2% for finance leases and 5.6% for operating leases. During the three and six months ended June 30, 2021 and 2020, the Company made the following cash payments for leases: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Principal payments on finance lease obligations $ 2.6 $ 3.0 $ 5.2 $ 6.0 Interest payments on finance lease obligations $ 1.4 $ 1.6 $ 2.8 $ 3.4 Payments on operating leases $ 22.8 $ 23.0 $ 45.8 $ 46.5 Variable lease payments $ 0.3 $ 0.2 $ 0.6 $ 0.5 The Company's income from operating leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Minimum lease payments $ 23.9 $ 22.5 $ 47.7 $ 47.9 Variable lease income 2.8 0.4 4.4 2.8 Total operating lease income $ 26.7 $ 22.9 $ 52.1 $ 50.7 Minimum payments to be received as lessor under noncancelable operating leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 50.2 2022 100.0 2023 96.4 2024 87.7 2025 76.2 Thereafter 178.9 Total minimum rents receivable $ 589.4 The Company's income from direct financing leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Interest income $ 0.5 $ 0.8 $ 1.1 $ 1.8 Variable lease income 0.2 0.0 0.3 0.2 Total operating lease income $ 0.7 $ 0.8 $ 1.4 $ 2.0 Minimum payments to be received as lessor under noncancelable direct financing leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 4.8 2022 7.6 2023 3.7 2024 1.6 2025 0.8 Thereafter 4.0 Total minimum rents receivable 22.5 Less: unearned income (3.6) Total net investment in direct financing leases 18.9 Less: current portion (7.5) Long-term investment in direct financing leases $ 11.4
Lease Disclosures	Lease Disclosures The Company engages in leasing activity as both a lessee and a lessor. The Company currently leases from third parties the real property on which approximately 540 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 55 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 provide 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 The Company's lease cost for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Finance lease cost: Amortization of right-of-use assets $ 1.1 $ 1.3 $ 2.3 $ 2.5 Interest on lease liabilities 1.4 1.6 2.8 3.4 Operating lease cost 24.7 26.6 49.8 53.1 Variable lease cost 0.5 (0.1) 0.8 0.3 Short-term lease cost 0.0 0.0 0.0 0.0 Sublease income (24.9) (21.5) (49.1) (48.1) Lease cost $ 2.8 $ 7.9 $ 6.6 $ 11.2 Future minimum lease payments under noncancelable leases as lessee as of June 30, 2021 were as follows: Finance Operating (In millions) 2021 (remaining six months) $ 7.7 $ 46.0 2022 14.4 87.9 2023 11.6 72.4 2024 9.7 67.2 2025 8.6 58.6 Thereafter 51.0 150.4 Total minimum lease payments 103.0 482.5 Less: interest/imputed interest (28.7) (86.7) Total obligations 74.3 395.8 Less: current portion (10.2) (70.5) Long-term lease obligations $ 64.1 $ 325.3 The weighted average remaining lease term as of June 30, 2021 was 9.4 years for finance leases and 7.0 years for operating leases. The weighted average discount rate as of June 30, 2021 was 10.2% for finance leases and 5.6% for operating leases. During the three and six months ended June 30, 2021 and 2020, the Company made the following cash payments for leases: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Principal payments on finance lease obligations $ 2.6 $ 3.0 $ 5.2 $ 6.0 Interest payments on finance lease obligations $ 1.4 $ 1.6 $ 2.8 $ 3.4 Payments on operating leases $ 22.8 $ 23.0 $ 45.8 $ 46.5 Variable lease payments $ 0.3 $ 0.2 $ 0.6 $ 0.5 The Company's income from operating leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Minimum lease payments $ 23.9 $ 22.5 $ 47.7 $ 47.9 Variable lease income 2.8 0.4 4.4 2.8 Total operating lease income $ 26.7 $ 22.9 $ 52.1 $ 50.7 Minimum payments to be received as lessor under noncancelable operating leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 50.2 2022 100.0 2023 96.4 2024 87.7 2025 76.2 Thereafter 178.9 Total minimum rents receivable $ 589.4 The Company's income from direct financing leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Interest income $ 0.5 $ 0.8 $ 1.1 $ 1.8 Variable lease income 0.2 0.0 0.3 0.2 Total operating lease income $ 0.7 $ 0.8 $ 1.4 $ 2.0 Minimum payments to be received as lessor under noncancelable direct financing leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 4.8 2022 7.6 2023 3.7 2024 1.6 2025 0.8 Thereafter 4.0 Total minimum rents receivable 22.5 Less: unearned income (3.6) Total net investment in direct financing leases 18.9 Less: current portion (7.5) Long-term investment in direct financing leases $ 11.4
Lease Disclosures	Lease Disclosures The Company engages in leasing activity as both a lessee and a lessor. The Company currently leases from third parties the real property on which approximately 540 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 55 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 provide 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 The Company's lease cost for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Finance lease cost: Amortization of right-of-use assets $ 1.1 $ 1.3 $ 2.3 $ 2.5 Interest on lease liabilities 1.4 1.6 2.8 3.4 Operating lease cost 24.7 26.6 49.8 53.1 Variable lease cost 0.5 (0.1) 0.8 0.3 Short-term lease cost 0.0 0.0 0.0 0.0 Sublease income (24.9) (21.5) (49.1) (48.1) Lease cost $ 2.8 $ 7.9 $ 6.6 $ 11.2 Future minimum lease payments under noncancelable leases as lessee as of June 30, 2021 were as follows: Finance Operating (In millions) 2021 (remaining six months) $ 7.7 $ 46.0 2022 14.4 87.9 2023 11.6 72.4 2024 9.7 67.2 2025 8.6 58.6 Thereafter 51.0 150.4 Total minimum lease payments 103.0 482.5 Less: interest/imputed interest (28.7) (86.7) Total obligations 74.3 395.8 Less: current portion (10.2) (70.5) Long-term lease obligations $ 64.1 $ 325.3 The weighted average remaining lease term as of June 30, 2021 was 9.4 years for finance leases and 7.0 years for operating leases. The weighted average discount rate as of June 30, 2021 was 10.2% for finance leases and 5.6% for operating leases. During the three and six months ended June 30, 2021 and 2020, the Company made the following cash payments for leases: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Principal payments on finance lease obligations $ 2.6 $ 3.0 $ 5.2 $ 6.0 Interest payments on finance lease obligations $ 1.4 $ 1.6 $ 2.8 $ 3.4 Payments on operating leases $ 22.8 $ 23.0 $ 45.8 $ 46.5 Variable lease payments $ 0.3 $ 0.2 $ 0.6 $ 0.5 The Company's income from operating leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Minimum lease payments $ 23.9 $ 22.5 $ 47.7 $ 47.9 Variable lease income 2.8 0.4 4.4 2.8 Total operating lease income $ 26.7 $ 22.9 $ 52.1 $ 50.7 Minimum payments to be received as lessor under noncancelable operating leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 50.2 2022 100.0 2023 96.4 2024 87.7 2025 76.2 Thereafter 178.9 Total minimum rents receivable $ 589.4 The Company's income from direct financing leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Interest income $ 0.5 $ 0.8 $ 1.1 $ 1.8 Variable lease income 0.2 0.0 0.3 0.2 Total operating lease income $ 0.7 $ 0.8 $ 1.4 $ 2.0 Minimum payments to be received as lessor under noncancelable direct financing leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 4.8 2022 7.6 2023 3.7 2024 1.6 2025 0.8 Thereafter 4.0 Total minimum rents receivable 22.5 Less: unearned income (3.6) Total net investment in direct financing leases 18.9 Less: current portion (7.5) Long-term investment in direct financing leases $ 11.4

Long-Term Debt

Long-Term Debt	6 Months Ended
Long-Term Debt	Jun. 30, 2021
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt At June 30, 2021 and December 31, 2020, long-term debt consisted of the following: June 30, 2021 December 31, 2020 (In millions) Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I $ 694.8 $ 698.3 Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II 595.5 598.5 Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.42% at December 31, 2020 — 220.0 Debt issuance costs (8.5) (11.8) Long-term debt, net of debt issuance costs 1,281.8 1,505.0 Current portion of long-term debt (3.3) (13.0) Long-term debt $ 1,278.5 $ 1,492.0 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 entered into a revolving financing facility, the 2019-1 Variable Funding Senior Notes, Class A-1 (the “Credit Facility”), that allows for drawings up to $225 million of variable funding notes and the issuance of letters of credit. The Credit Facility 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 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. 2019 Class A-2 Notes The legal final maturity of the 2019 Class A-2 Notes is 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. Exceeding the leverage ratio of 5.25x does not violate any covenant related to the New Notes. 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 Indenture. As of June 30, 2021, the Company's leverage ratio was 4.94x. As a result, quarterly principal payments on the 2019 Class A-2 Notes of $3.25 million will no longer to be required after a payment is made on September 7, 2021. The Company may voluntarily repay the 2019 Class A-2 Notes at any time; however, if the 2019 Class A-2 Notes are repaid prior to certain dates, the Company would be required to pay make-whole premiums. As of June 30, 2021, the make-whole premium associated with voluntary prepayment of the Class A-2-I Notes was approximately $22 million; this amount declines progressively each quarter to zero in June 2022. As of June 30, 2021, the make-whole premium associated with voluntary prepayment of the Class A-2-II Notes was approximately $57 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. The Company estimated the fair value of these derivatives to be immaterial as of June 30, 2021, based on the probability-weighted discounted cash flows associated with either event. 2019 Class A-1 Notes The Co-Issuers entered into the Credit Facility that allows for drawings up to $225 million of variable funding notes and the issuance of letters of credit. The applicable interest rate under the Credit Facility 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 Credit Facility. 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. In March 2020, the Company borrowed $220.0 million against the Credit Facility. The maximum amount of borrowings from the Credit Facility outstanding during the six months ended June 30, 2021 was $220.0 million. The $220.0 million was repaid on March 5, 2021 and there have been no new borrowings since that date. As of June 30, 2021, there were no outstanding borrowings under the Credit Facility. The interest rate for borrowings under the Credit Facility is the three-month LIBOR rate plus 2.15% for 60% of the advances and the commercial paper funding rate of our conduit investor plus 2.15% for 40% of the advances. The weighted average interest rate on Credit Facility borrowings for the period outstanding during the six months ended June 30, 2021 was 2.4%. At June 30, 2021, $3.3 million was pledged against the Credit Facility for outstanding letters of credit, leaving $221.7 million available for borrowing. The letters of credit are used primarily to satisfy insurance-related collateral requirements. 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 June 30, 2021 was approximately 4.6x. Debt Issuance Costs Amortization of costs incurred in connection with the issuance of the 2019 Class A-2 Notes of $0.6 million and $0.5 million were included in interest expense for the three months ended June 30, 2021 and 2020, respectively. Amortization of costs incurred in connection with the issuance of the 2019 Class A-2 Notes of $1.1 million and $1.0 million were included in interest expense for the six months ended June 30, 2021 and 2020, respectively. Amortization costs incurred in connection with the Company's Credit Facility and prior credit facility of $0.1 million and $0.1 million were included in interest expense for the three months ended June 30, 2021 and 2020, respectively. Amortization costs incurred in connection with the Company's Credit Facility and prior credit facility of $0.3 million and $0.3 million were included in interest expense for the six months ended June 30, 2021 and 2020, respectively. At June 30, 2021, total unamortized debt issuance costs of $8.5 million are reported as a direct reduction of the 2019 Class A-2 Notes in the Consolidated Balance Sheets. At June 30, 2021, total unamortized debt issuance costs of $1.8 million related to the Credit Facility and prior credit facility are classified as other long-term assets because there are no borrowings outstanding against the Credit Facility. Maturities of Long-term Debt • The anticipated repayment date of the Class A-2-I Notes is June 2024. • The anticipated repayment date of the Class A-2-II Notes is in June 2026.

Stockholders' Deficit

Stockholders' Deficit	6 Months Ended
Stockholders' Deficit	Jun. 30, 2021
Equity [Abstract]
Stockholders' Deficit	Stockholders' Deficit Dividends Dividends declared and paid per share for the three and six months ended June 30, 2021 and 2020 were as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Dividends declared per common share $ — $ — $ — $ 0.76 Dividends paid per common share $ — $ 0.76 $ — $ 1.45 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. The Company did not repurchase any shares during three and six months ended June 30, 2021. The Company did not repurchase any shares during the three months ended June 30, 2020 and repurchased 459,899 shares during the six months ended June 30, 2020. As of June 30, 2021, cumulative repurchases of stock total 1,697,597 shares at a cost of $129.8 million, with a dollar value of $70.2 million remaining for repurchase under the 2019 Repurchase Program. Treasury Stock

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company's effective tax rate was 12.3% (a tax provision of $7.7 million on pretax book income of $62.7 million) for the six months ended June 30, 2021, as compared to 4.5% for the six months ended June 30, 2020 (a tax benefit of $5.3 million on pretax book loss of $117.7 million). The effective tax rate for the six months ended June 30, 2021 was lower than the statutory federal tax rate of 21% primarily due to the recognition of excess tax benefits on stock-based compensation in the first quarter of 2021. In addition, the effective tax rate for the six months ended June 30, 2021 was different than the prior comparable period due to the impairment of goodwill in the second quarter of 2020, which was not deductible for income tax purposes and therefore had no associated tax benefit. The total gross unrecognized tax benefit as of June 30, 2021 and December 31, 2020 was $1.9 million and $2.2 million, respectively, excluding interest, penalties and related tax benefits. The Company estimates the unrecognized tax benefit as of June 30, 2021 may decrease over the upcoming 12 months by an amount up to $0.2 million related to settlements with taxing authorities and expiring statutes of limitations. 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 June 30, 2021, accrued interest was $0.6 million and accrued penalties were less than $0.1 million, excluding any related income tax benefits. As of December 31, 2020, accrued interest was $0.9 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. 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 2017 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 11, 2021, the American Rescue Plan Act of 2021 (“ARP Act”) was enacted in response to the COVID-19 pandemic. The Company is continuing to evaluate the impact of the ARP Act, but at present, does not expect the ARP Act would result in a material impact to our income tax benefit or provision.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
Stock-Based Compensation	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	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: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Total stock-based compensation expense: (In millions) Equity classified awards expense $ 2.5 $ 2.6 $ 5.6 $ 6.7 Liability classified awards expense (credit) 0.5 0.1 2.0 (0.5) Total pre-tax stock-based compensation expense 3.0 2.7 7.6 6.2 Book income tax benefit (0.8) (0.7) (1.9) (1.6) Total stock-based compensation expense, net of tax $ 2.2 $ 2.0 $ 5.7 $ 4.6 As of June 30, 2021, total unrecognized compensation expense of $20.9 million related to restricted stock and restricted stock units and $3.9 million related to stock options are expected to be recognized over a weighted average period of 1.5 years for restricted stock and restricted stock units and 1.8 years for stock options. Fair Value Assumptions The Company granted 95,891 stock options during the six months ended June 30, 2021 for which the fair value was estimated using a Black-Scholes option pricing model. The following summarizes the weighted average assumptions used in the Black-Scholes model: Risk-free interest rate 0.5 % Historical volatility 67.7 % Dividend yield — % Expected years until exercise 4.5 Fair value of options granted $40.25 Equity Classified Awards - Stock Options Stock option balances at June 30, 2021, and activity for the six months ended June 30, 2021 were as follows: Shares Weighted Weighted Average Aggregate Outstanding at December 31, 2020 1,014,670 $ 64.16 Granted 95,891 75.28 Exercised (474,686) 47.96 Expired (24,540) 98.26 Forfeited (56,582) 88.34 Outstanding at June 30, 2021 554,753 75.97 6.4 $ 8.3 Vested at June 30, 2021 and Expected to Vest 533,000 75.81 6.3 $ 8.1 Exercisable at June 30, 2021 372,922 $ 72.86 5.1 $ 6.9 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 second quarter of 2021 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 June 30, 2021. 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 June 30, 2021, and activity related to restricted stock and restricted stock units for the six months ended June 30, 2021 were as follows: Restricted Weighted Stock-Settled Restricted Weighted Outstanding at December 31, 2020 254,331 $ 76.50 355,570 $ 28.01 Granted 127,041 83.73 68,578 62.92 Released (46,223) 67.14 (314,713) 22.84 Forfeited (40,105) 83.34 — — Outstanding at June 30, 2021 295,044 $ 80.15 109,435 $ 64.76 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 Outstanding at December 31, 2020 52,956 Released (38,916) Forfeited (740) Outstanding at June 30, 2021 13,300 For the three months ended June 30, 2021 and 2020, an expense of $0.1 million and $0.4 million, respectively, was included as stock-based compensation expense related to cash-settled restricted stock units. For the six months ended June 30, 2021 and 2020, an expense of $1.5 million and a credit of $0.9 million, respectively, was included as stock-based compensation expense related to cash-settled restricted stock units. At June 30, 2021 and December 31, 2020, liabilities of $0.8 million and $2.5 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

Segments

Segments	6 Months Ended
Segments	Jun. 30, 2021
Segment Reporting [Abstract]
Segments	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 June 30, 2021, the franchise operations segment consisted of (i) 1,627 restaurants operated by Applebee’s franchisees in the United States, two U.S. territories and 11 countries outside the United States and (ii) 1,744 restaurants operated by IHOP franchisees and area licensees in the United States, two U.S. territories and seven 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 and interest income on Applebee's notes receivable from franchisees. Financing expenses are the cost of taxes related to IHOP equipment leases. Information on segments is as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Revenues from external customers: Franchise operations $ 166.9 $ 67.8 $ 307.9 $ 212.9 Rental operations 27.4 23.7 53.5 52.7 Company restaurants 38.2 16.8 74.2 48.1 Financing operations 1.1 1.4 2.2 2.9 Total $ 233.6 $ 109.7 $ 437.8 $ 316.6 Interest expense: Rental operations $ 1.3 $ 1.5 $ 2.6 $ 3.1 Company restaurants 0.8 0.5 1.7 1.0 Corporate 15.7 17.1 32.2 32.3 Total $ 17.8 $ 19.1 $ 36.5 $ 36.4 Depreciation and amortization: Franchise operations $ 2.5 $ 2.6 $ 5.0 $ 5.1 Rental operations 2.8 3.1 5.6 6.3 Company restaurants 1.8 1.7 3.5 3.2 Corporate 2.9 3.4 5.9 6.7 Total $ 10.0 $ 10.7 $ 20.0 $ 21.3 Gross profit (loss), by segment: Franchise operations $ 87.7 $ 30.8 $ 163.7 $ 106.4 Rental operations 6.8 2.4 12.0 8.9 Company restaurants 3.4 (4.4) 6.5 (3.4) Financing operations 1.0 1.2 2.0 2.6 Total gross profit 98.9 30.0 184.2 114.5 Corporate and unallocated expenses, net (60.2) (176.9) (121.5) (232.3) Income (loss) before income taxes $ 38.7 $ (146.8) $ 62.7 $ (117.7)

Net Income (Loss) per Share

Net Income (Loss) per Share	6 Months Ended
Net Income (Loss) per Share	Jun. 30, 2021
Earnings Per Share [Abstract]
Net Income (Loss) per Share	Net Income (Loss) per Share The computation of the Company's basic and diluted net income (loss) per share is as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In thousands, except per share data) Numerator for basic and diluted income (loss) per common share: Net income (loss) $ 29,362 $ (134,779) $ 54,965 $ (112,451) Less: Net income allocated to unvested participating restricted stock (657) — (1,431) (420) Net income (loss) available to common stockholders - basic 28,705 (134,779) 53,534 (112,871) Effect of unvested participating restricted stock in two-class calculation 3 — 10 — Net income (loss) available to common stockholders - diluted $ 28,708 $ (134,779) $ 53,544 $ (112,871) Denominator: Weighted average outstanding shares of common stock - basic 16,886 16,177 16,673 16,215 Dilutive effect of stock options 91 — 129 — Weighted average outstanding shares of common stock - diluted 16,977 16,177 16,802 16,215 Net income (loss) per common share: Basic $ 1.70 $ (8.33) $ 3.21 $ (6.96) Diluted $ 1.69 $ (8.33) $ 3.19 $ (6.96)

Impairment and Closure Charges

Impairment and Closure Charges	6 Months Ended
Impairment and Closure Charges	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment and Closure Charges	Impairment and Closure Charges Closure and long-lived tangible asset impairment charges for the three and six months ended June 30, 2021 were as follows: Impairment and Closure Charges Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Closure charges $ 1.0 $ 0.7 $ 2.9 $ 0.7 Long-lived tangible asset impairment 1.6 17.2 1.7 17.2 Goodwill impairment — 92.2 — 92.2 Tradename impairment — 11.0 — 11.0 Impairment of reacquired franchise rights — 3.3 — 3.3 Total impairment and closure charges $ 2.6 $ 124.4 $ 4.6 $ 124.4 Closure Charges The closure charges of $1.0 million for the three months ended June 30, 2021 related to the establishment of or revision to closure reserves for approximately 30 IHOP restaurants. The closure charges of $2.9 million for the six months ended June 30, 2021 related to the establishment of or revision to closure reserves for approximately 50 IHOP restaurants. Long-lived Tangible Asset Impairment The long-lived asset impairment of $1.6 million for the three months ended June 30, 2021 related to three IHOP franchisee-operated restaurants for which the carrying amount exceeded the undiscounted cash flows. The long-lived asset impairment of $1.7 million for the six months ended June 30, 2021 related to four IHOP franchisee-operated restaurants. The impairment recorded represented the difference between the carrying value and the estimated fair value. The impairments 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 Codification Topic 842. Goodwill and Intangible Assets For the three and six months ended June 30, 2021, the Company determined that there were no indicators for impairment to goodwill and intangible assets. Impairment in 2020 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. 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. In performing the quantitative test for impairment of goodwill, 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, 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 the forecast revenue stream. 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.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	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 June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 December 31, 2020 (In millions) Face Value of Class A-2 Notes $ 1,290.3 $ 1,296.8 Fair Value of Class A-2 Notes $ 1,354.9 $ 1,259.5

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2021
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

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
Cash, Cash Equivalents and Restricted Cash	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and Cash Equivalents The Company considers all highly liquid investment securities with remaining maturities at the date of purchase of three months or less to be cash equivalents. These cash equivalents are stated at cost which approximates market value. Cash held related to IHOP advertising funds and the Company's gift card programs is not considered to be restricted cash as there are no restrictions on the use of these funds. The components of cash and cash equivalents were as follows: June 30, 2021 December 31, 2020 (In millions) Money market funds $ 30.0 $ 175.0 IHOP advertising funds and gift card programs 76.2 71.6 Other depository accounts 153.3 136.8 Total cash and cash equivalents $ 259.5 $ 383.4 The decrease in money market funds between December 31, 2020 and June 30, 2021 was due to the repayment of $220.0 million previously drawn on the Company's Credit Facility. Current Restricted Cash Current restricted cash primarily consisted of funds required to be held in trust in connection with the Company's securitized debt and funds from Applebee's franchisees pursuant to franchise agreements, usage of which was restricted to advertising activities. The components of current restricted cash were as follows: June 30, 2021 December 31, 2020 (In millions) Securitized debt reserves $ 33.7 $ 27.0 Applebee's advertising funds 38.3 12.8 Other 0.1 0.1 Total current restricted cash $ 72.1 $ 39.9 Non-current Restricted Cash

Accounting Standards Adopted _2

Accounting Standards Adopted and Newly Issued Accounting Standards Not Yet Adopted (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [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 2021 began on January 4, 2021 and ended on April 4, 2021; the second fiscal quarter of 2021 ended on July 4, 2021. The first fiscal quarter of 2020 began on December 30, 2019 and ended on March 29, 2020; the second fiscal quarter of 2020 ended on June 28, 2020.
Risks and Uncertainties	Risks and Uncertainties The Company was subject to risks and uncertainties as a result of the continuing 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 have varied and continue 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, continues to evolve. The Company first began to experience impacts from COVID-19 in March 2020, as federal, state, local and international 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. Subsequently, government-imposed dine-in restrictions have been relaxed in many of the locations in which the Company operates as incidents of infection decline within the respective governmental jurisdictions. As of June 30, 2021, 98% of domestic Applebee's and IHOP restaurants were operating at 100% capacity and 99% of domestic Applebee's and IHOP restaurants were open.
Accounting Standards Adopted in the Current Fiscal Year and Not Yet Adopted	Accounting Standards Adopted in the Current Fiscal Year In December 2019, the Financial Accounting Standards Board (“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 adopted the new guidance at the beginning of the first fiscal quarter of 2021. Adoption did not have any material effect on the consolidated financial statements. Additional new accounting guidance became effective for the Company as of the beginning of fiscal 2021 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 March 2020, with an update in January 2021, 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. The Company is currently evaluating its contracts that reference LIBOR and the potential effects of adopting this new guidance. In July 2021, the FASB issued guidance which affect lessors with lease contracts that (i) have variable lease payments that do not depend on a reference index or a rate and (ii) would have resulted in the recognition of a selling loss at lease commencement if classified as sales-type or direct financing. The amendments are effective for fiscal years beginning after December 15, 2021. The Company is are currently evaluating lease contracts 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.

Revenue Disclosures (Tables)

Revenue Disclosures (Tables)	6 Months Ended
Revenue Disclosures (Tables)	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table disaggregates franchise revenue by major type for the three and six months ended June 30, 2021 and 2020: Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (In thousands) Franchise Revenue: Royalties $ 78,124 $ 31,011 $ 142,401 $ 98,611 Advertising fees 72,324 29,095 133,209 90,818 Pancake and waffle dry mix sales and other 13,525 4,037 24,415 16,885 Franchise and development fees 2,981 3,733 7,905 6,599 Total franchise revenue $ 166,954 $ 67,876 $ 307,930 $ 212,913
Schedule of Changes in Deferred Revenue	Changes in the Company's contract liability for deferred franchise and development fees during the six months ended June 30, 2021 are as follows: Deferred Franchise Revenue (short- and long-term) (In thousands) Balance at December 31, 2020 $ 59,919 Recognized as revenue during the six months ended June 30, 2021 (7,433) Fees deferred during the six months ended June 30, 2021 2,755 Balance at June 30, 2021 $ 55,241
Schedule of Remaining Performance Obligations	The balance of deferred revenue as of June 30, 2021 is expected to be recognized as follows: (In thousands) Remainder of 2021 $ 3,743 2022 7,278 2023 6,644 2024 6,051 2025 5,274 Thereafter 26,251 Total $ 55,241

Current Expected Credit Losse_2

Current Expected Credit Losses ("CECL") (Tables)	6 Months Ended
Current Expected Credit Losses ("CECL") (Tables)	Jun. 30, 2021
Credit Loss [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	June 30, 2021 December 31, 2020 (In millions) Accounts receivable $ 72.8 $ 85.7 Gift card receivables 6.9 22.5 Notes receivable 20.1 18.6 Financing receivables: Equipment leases receivable 37.5 43.9 Direct financing leases receivable 18.9 22.7 Franchise fee notes receivable 0.1 0.1 Other 6.4 6.0 162.7 199.5 Less: allowance for credit losses (15.6) (23.1) 147.1 176.4 Less: current portion (99.3) (121.9) Long-term receivables $ 47.8 $ 54.5
Schedule of Changes in Allowance for Credit Losses	Changes in the allowance for credit losses during the six months ended June 30, 2021 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, 2020 $ 11.2 $ 3.6 $ 5.3 $ 0.4 $ 2.3 $ 0.3 $ 23.1 Bad debt (credit) expense for the six months ended June 30, 2021 (2.2) 0.4 (0.1) 0.1 (0.4) (0.1) (2.3) Advertising provision adjustment (2.9) 0.0 — — — — (2.9) Write-offs (0.2) — — (0.5) (1.7) — (2.4) Other — — — 0.1 0.0 — 0.1 Balance, June 30, 2021 $ 5.9 $ 4.0 $ 5.2 $ 0.1 $ 0.2 $ 0.2 $ 15.6 (1) Primarily distributor receivables, gift card receivables and credit card receivables
Schedule of Delinquency Status of Receivable	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 June 30, 2021 was as follows: Notes receivable, short-term Notes receivable, long-term Lease Receivables Equipment Notes Other (1) Total (In millions) Current $ 5.3 $ 12.0 $ 18.9 $ 37.5 $ 1.8 $ 75.5 30-59 days 0.2 — — — — 0.2 60-89 days 0.1 — — — — 0.1 90-119 days 0.1 — — — — 0.1 120+ days 2.5 — — — — 2.5 Total $ 8.2 $ 12.0 $ 18.9 $ 37.5 $ 1.8 $ 78.4 (1) Primarily c redit 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) 2021 $ 2.3 $ 1.0 $ — $ 3.3 2020 0.8 1.5 — 2.3 2019 2.5 0.8 — 3.3 2018 8.0 — — 8.0 2017 6.4 — — 6.4 Prior 0.1 15.6 37.5 53.2 Total $ 20.1 $ 18.9 $ 37.5 $ 76.5

Lease Disclosures (Tables)

Lease Disclosures (Tables)	6 Months Ended
Lease Disclosures (Tables)	Jun. 30, 2021
Leases [Abstract]
Schedule of Lease Cost	The Company's lease cost for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Finance lease cost: Amortization of right-of-use assets $ 1.1 $ 1.3 $ 2.3 $ 2.5 Interest on lease liabilities 1.4 1.6 2.8 3.4 Operating lease cost 24.7 26.6 49.8 53.1 Variable lease cost 0.5 (0.1) 0.8 0.3 Short-term lease cost 0.0 0.0 0.0 0.0 Sublease income (24.9) (21.5) (49.1) (48.1) Lease cost $ 2.8 $ 7.9 $ 6.6 $ 11.2
Schedule of Operating Lease Liability Future Maturity	Future minimum lease payments under noncancelable leases as lessee as of June 30, 2021 were as follows: Finance Operating (In millions) 2021 (remaining six months) $ 7.7 $ 46.0 2022 14.4 87.9 2023 11.6 72.4 2024 9.7 67.2 2025 8.6 58.6 Thereafter 51.0 150.4 Total minimum lease payments 103.0 482.5 Less: interest/imputed interest (28.7) (86.7) Total obligations 74.3 395.8 Less: current portion (10.2) (70.5) Long-term lease obligations $ 64.1 $ 325.3
Schedule of Finance Lease Liability Future Maturity	Future minimum lease payments under noncancelable leases as lessee as of June 30, 2021 were as follows: Finance Operating (In millions) 2021 (remaining six months) $ 7.7 $ 46.0 2022 14.4 87.9 2023 11.6 72.4 2024 9.7 67.2 2025 8.6 58.6 Thereafter 51.0 150.4 Total minimum lease payments 103.0 482.5 Less: interest/imputed interest (28.7) (86.7) Total obligations 74.3 395.8 Less: current portion (10.2) (70.5) Long-term lease obligations $ 64.1 $ 325.3
Schedule of Lease Payments	During the three and six months ended June 30, 2021 and 2020, the Company made the following cash payments for leases: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Principal payments on finance lease obligations $ 2.6 $ 3.0 $ 5.2 $ 6.0 Interest payments on finance lease obligations $ 1.4 $ 1.6 $ 2.8 $ 3.4 Payments on operating leases $ 22.8 $ 23.0 $ 45.8 $ 46.5 Variable lease payments $ 0.3 $ 0.2 $ 0.6 $ 0.5
Schedule of Operating Lease Income	The Company's income from operating leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Minimum lease payments $ 23.9 $ 22.5 $ 47.7 $ 47.9 Variable lease income 2.8 0.4 4.4 2.8 Total operating lease income $ 26.7 $ 22.9 $ 52.1 $ 50.7
Schedule of Future Minimum Payments as a Lessor Under Operating Leases	Minimum payments to be received as lessor under noncancelable operating leases as of June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 50.2 2022 100.0 2023 96.4 2024 87.7 2025 76.2 Thereafter 178.9 Total minimum rents receivable $ 589.4
Schedule of Direct Finance Lease Income	The Company's income from direct financing leases for the three and six months ended June 30, 2021 and 2020 was as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Interest income $ 0.5 $ 0.8 $ 1.1 $ 1.8 Variable lease income 0.2 0.0 0.3 0.2 Total operating lease income $ 0.7 $ 0.8 $ 1.4 $ 2.0
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 June 30, 2021 were as follows: (In millions) 2021 (remaining six months) $ 4.8 2022 7.6 2023 3.7 2024 1.6 2025 0.8 Thereafter 4.0 Total minimum rents receivable 22.5 Less: unearned income (3.6) Total net investment in direct financing leases 18.9 Less: current portion (7.5) Long-term investment in direct financing leases $ 11.4

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
Long-Term Debt (Tables)	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Debt	At June 30, 2021 and December 31, 2020, long-term debt consisted of the following: June 30, 2021 December 31, 2020 (In millions) Series 2019-1 4.194% Fixed Rate Senior Secured Notes, Class A-2-I $ 694.8 $ 698.3 Series 2019-1 4.723% Fixed Rate Senior Secured Notes, Class A-2-II 595.5 598.5 Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.42% at December 31, 2020 — 220.0 Debt issuance costs (8.5) (11.8) Long-term debt, net of debt issuance costs 1,281.8 1,505.0 Current portion of long-term debt (3.3) (13.0) Long-term debt $ 1,278.5 $ 1,492.0

Stockholders' Deficit (Tables)

Stockholders' Deficit (Tables)	6 Months Ended
Stockholders' Deficit (Tables)	Jun. 30, 2021
Equity [Abstract]
Dividends Declared	Dividends declared and paid per share for the three and six months ended June 30, 2021 and 2020 were as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Dividends declared per common share $ — $ — $ — $ 0.76 Dividends paid per common share $ — $ 0.76 $ — $ 1.45

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
Stock-Based Compensation (Tables)	Jun. 30, 2021
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: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 Total stock-based compensation expense: (In millions) Equity classified awards expense $ 2.5 $ 2.6 $ 5.6 $ 6.7 Liability classified awards expense (credit) 0.5 0.1 2.0 (0.5) Total pre-tax stock-based compensation expense 3.0 2.7 7.6 6.2 Book income tax benefit (0.8) (0.7) (1.9) (1.6) Total stock-based compensation expense, net of tax $ 2.2 $ 2.0 $ 5.7 $ 4.6
Schedule of Stock Option Valuation Assumptions	The following summarizes the weighted average assumptions used in the Black-Scholes model: Risk-free interest rate 0.5 % Historical volatility 67.7 % Dividend yield — % Expected years until exercise 4.5 Fair value of options granted $40.25
Schedule of Stock Option Activity	Stock option balances at June 30, 2021, and activity for the six months ended June 30, 2021 were as follows: Shares Weighted Weighted Average Aggregate Outstanding at December 31, 2020 1,014,670 $ 64.16 Granted 95,891 75.28 Exercised (474,686) 47.96 Expired (24,540) 98.26 Forfeited (56,582) 88.34 Outstanding at June 30, 2021 554,753 75.97 6.4 $ 8.3 Vested at June 30, 2021 and Expected to Vest 533,000 75.81 6.3 $ 8.1 Exercisable at June 30, 2021 372,922 $ 72.86 5.1 $ 6.9
Schedule of Restricted Stock Unit Activity	Outstanding balances as of June 30, 2021, and activity related to restricted stock and restricted stock units for the six months ended June 30, 2021 were as follows: Restricted Weighted Stock-Settled Restricted Weighted Outstanding at December 31, 2020 254,331 $ 76.50 355,570 $ 28.01 Granted 127,041 83.73 68,578 62.92 Released (46,223) 67.14 (314,713) 22.84 Forfeited (40,105) 83.34 — — Outstanding at June 30, 2021 295,044 $ 80.15 109,435 $ 64.76
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 Outstanding at December 31, 2020 52,956 Released (38,916) Forfeited (740) Outstanding at June 30, 2021 13,300

Segments (Tables)

Segments (Tables)	6 Months Ended
Segments (Tables)	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information by Segment	Information on segments is as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Revenues from external customers: Franchise operations $ 166.9 $ 67.8 $ 307.9 $ 212.9 Rental operations 27.4 23.7 53.5 52.7 Company restaurants 38.2 16.8 74.2 48.1 Financing operations 1.1 1.4 2.2 2.9 Total $ 233.6 $ 109.7 $ 437.8 $ 316.6 Interest expense: Rental operations $ 1.3 $ 1.5 $ 2.6 $ 3.1 Company restaurants 0.8 0.5 1.7 1.0 Corporate 15.7 17.1 32.2 32.3 Total $ 17.8 $ 19.1 $ 36.5 $ 36.4 Depreciation and amortization: Franchise operations $ 2.5 $ 2.6 $ 5.0 $ 5.1 Rental operations 2.8 3.1 5.6 6.3 Company restaurants 1.8 1.7 3.5 3.2 Corporate 2.9 3.4 5.9 6.7 Total $ 10.0 $ 10.7 $ 20.0 $ 21.3 Gross profit (loss), by segment: Franchise operations $ 87.7 $ 30.8 $ 163.7 $ 106.4 Rental operations 6.8 2.4 12.0 8.9 Company restaurants 3.4 (4.4) 6.5 (3.4) Financing operations 1.0 1.2 2.0 2.6 Total gross profit 98.9 30.0 184.2 114.5 Corporate and unallocated expenses, net (60.2) (176.9) (121.5) (232.3) Income (loss) before income taxes $ 38.7 $ (146.8) $ 62.7 $ (117.7)

Net Income (Loss) per Share (Ta

Net Income (Loss) per Share (Tables)	6 Months Ended
Net Income (Loss) per Share (Tables)	Jun. 30, 2021
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 (loss) per share is as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In thousands, except per share data) Numerator for basic and diluted income (loss) per common share: Net income (loss) $ 29,362 $ (134,779) $ 54,965 $ (112,451) Less: Net income allocated to unvested participating restricted stock (657) — (1,431) (420) Net income (loss) available to common stockholders - basic 28,705 (134,779) 53,534 (112,871) Effect of unvested participating restricted stock in two-class calculation 3 — 10 — Net income (loss) available to common stockholders - diluted $ 28,708 $ (134,779) $ 53,544 $ (112,871) Denominator: Weighted average outstanding shares of common stock - basic 16,886 16,177 16,673 16,215 Dilutive effect of stock options 91 — 129 — Weighted average outstanding shares of common stock - diluted 16,977 16,177 16,802 16,215 Net income (loss) per common share: Basic $ 1.70 $ (8.33) $ 3.21 $ (6.96) Diluted $ 1.69 $ (8.33) $ 3.19 $ (6.96)

Impairment and Closure Charges

Impairment and Closure Charges (Tables)	6 Months Ended
Impairment and Closure Charges (Tables)	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Details of Impairment of Long-Lived Assets Held and Used by Asset	Closure and long-lived tangible asset impairment charges for the three and six months ended June 30, 2021 were as follows: Impairment and Closure Charges Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Closure charges $ 1.0 $ 0.7 $ 2.9 $ 0.7 Long-lived tangible asset impairment 1.6 17.2 1.7 17.2 Goodwill impairment — 92.2 — 92.2 Tradename impairment — 11.0 — 11.0 Impairment of reacquired franchise rights — 3.3 — 3.3 Total impairment and closure charges $ 2.6 $ 124.4 $ 4.6 $ 124.4
Schedule of Restructuring Reserve by Type of Cost	Closure and long-lived tangible asset impairment charges for the three and six months ended June 30, 2021 were as follows: Impairment and Closure Charges Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In millions) Closure charges $ 1.0 $ 0.7 $ 2.9 $ 0.7 Long-lived tangible asset impairment 1.6 17.2 1.7 17.2 Goodwill impairment — 92.2 — 92.2 Tradename impairment — 11.0 — 11.0 Impairment of reacquired franchise rights — 3.3 — 3.3 Total impairment and closure charges $ 2.6 $ 124.4 $ 4.6 $ 124.4

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value of Non-Current Financial Liabilities	The fair values of the Company's 2019 Class A-2 Notes at June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 December 31, 2020 (In millions) Face Value of Class A-2 Notes $ 1,290.3 $ 1,296.8 Fair Value of Class A-2 Notes $ 1,354.9 $ 1,259.5

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
Cash, Cash Equivalents and Restricted Cash (Tables)	Jun. 30, 2021
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	The components of cash and cash equivalents were as follows: June 30, 2021 December 31, 2020 (In millions) Money market funds $ 30.0 $ 175.0 IHOP advertising funds and gift card programs 76.2 71.6 Other depository accounts 153.3 136.8 Total cash and cash equivalents $ 259.5 $ 383.4
Restrictions on Cash and Cash Equivalents	The components of current restricted cash were as follows: June 30, 2021 December 31, 2020 (In millions) Securitized debt reserves $ 33.7 $ 27.0 Applebee's advertising funds 38.3 12.8 Other 0.1 0.1 Total current restricted cash $ 72.1 $ 39.9

Basis of Presentation - Narrati

Basis of Presentation - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Debt Instrument [Line Items]
Proceeds from line of credit		$ 0	$ 220,000
Revolving Credit Facility
Debt Instrument [Line Items]
Proceeds from line of credit	$ 220,000
Applebee's
Debt Instrument [Line Items]
Percentage of restaurants operating at full capacity		98.00%
Percent of deferred payments collected		98.00%
IHOP
Debt Instrument [Line Items]
Percentage of restaurants operating at full capacity		99.00%
Percent of deferred payments collected		87.00%

Revenue Disclosures - Disaggreg

Revenue Disclosures - Disaggregation of Franchise Revenue by Major Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Franchise revenues
Disaggregation of Revenue [Line Items]
Total franchise revenue	$ 166,954	$ 67,876	$ 307,930	$ 212,913
Royalties
Disaggregation of Revenue [Line Items]
Total franchise revenue	78,124	31,011	142,401	98,611
Advertising fees
Disaggregation of Revenue [Line Items]
Total franchise revenue	72,324	29,095	133,209	90,818
Pancake and waffle dry mix sales and other
Disaggregation of Revenue [Line Items]
Total franchise revenue	13,525	4,037	24,415	16,885
Franchise and development fees
Disaggregation of Revenue [Line Items]
Total franchise revenue	$ 2,981	$ 3,733	$ 7,905	$ 6,599

Revenue Disclosures - Narrative

Revenue Disclosures - Narrative (Details) - Receivables from Franchise Revenue Transactions - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Billed and unbilled receivables	$ 69.4	$ 76.3
Billed and unbilled receivables, accumulated allowance for credit loss	$ 6	$ 11.4

Revenue Disclosures - Changes i

Revenue Disclosures - Changes in the Company's Contract Liability for Deferred Franchise and Development Fees (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2021USD ($)
Change in Contract with Customer, Liability [Roll Forward]
Balance at December 31, 2020	$ 59,919
Recognized as revenue during the six months ended June 30, 2021	(7,433)
Fees deferred during the six months ended June 30, 2021	2,755
Balance at June 30, 2021	$ 55,241

Revenue Disclosures - Deferred

Revenue Disclosures - Deferred Revenue Expected to be Recognized (Details) $ in Thousands	Jun. 30, 2021USD ($)
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 55,241
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 3,743
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]: 2022-01-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 7,278
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	$ 6,644
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	$ 6,051
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	$ 5,274
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]: 2026-01-01
Revenue from Contract with Customer [Abstract]
Performance obligations expected to be satisfied	$ 26,251
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations expected to be satisfied, expected timing

Current Expected Credit Losse_3

Current Expected Credit Losses ("CECL") - Narrative (Details) $ in Millions	Jun. 30, 2021USD ($)lease
Financing Receivable, Allowance for Credit Loss [Line Items]
Operating lease, weighted average remaining lease term	7 years
Finance lease, weighted average remaining lease term	9 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 \| $	$ 9.2
Equipment Notes
Financing Receivable, Allowance for Credit Loss [Line Items]
Operating lease, weighted average remaining lease term	5 years 1 month 6 days
Lease Receivables
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of properties subject to ground leases \| lease	81
Finance lease, weighted average remaining lease term	4 years 4 months 24 days

Current Expected Credit Losse_4

Current Expected Credit Losses ("CECL") - Components of Receivables (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 72.8	$ 85.7
Gift card receivables	6.9	22.5
Notes receivable	20.1	18.6
Financing receivables	78.4
Accounts and financing receivable, before allowance for credit loss	162.7	199.5
Less: allowance for credit losses	(15.6)	(23.1)
Accounts and financing receivable, after allowance for credit loss	147.1	176.4
Less: current portion	(99.3)	(121.9)
Long-term receivables	47.8	54.5
Equipment leases receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables	37.5	43.9
Direct financing leases receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables	18.9	22.7
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	$ 6.4	$ 6

Current Expected Credit Losse_5

Current Expected Credit Losses ("CECL") - Changes in the Allowance for Credit Losses (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2020	$ 23.1
Bad debt (credit) expense for the six months ended June 30, 2021	(2.3)
Advertising provision adjustment	(2.9)
Write-offs	(2.4)
Other	0.1
Balance, June 30, 2021	15.6
Accounts Receivable
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2020	11.2
Bad debt (credit) expense for the six months ended June 30, 2021	(2.2)
Advertising provision adjustment	(2.9)
Write-offs	(0.2)
Other	0
Balance, June 30, 2021	5.9
Notes receivable, short-term
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2020	3.6
Bad debt (credit) expense for the six months ended June 30, 2021	0.4
Advertising provision adjustment	0
Write-offs	0
Other	0
Balance, June 30, 2021	4
Notes receivable, long-term
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2020	5.3
Bad debt (credit) expense for the six months ended June 30, 2021	(0.1)
Advertising provision adjustment	0
Write-offs	0
Other	0
Balance, June 30, 2021	5.2
Lease Receivables
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2020	0.4
Bad debt (credit) expense for the six months ended June 30, 2021	0.1
Advertising provision adjustment	0
Write-offs	(0.5)
Other	0.1
Balance, June 30, 2021	0.1
Equipment Notes
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2020	2.3
Bad debt (credit) expense for the six months ended June 30, 2021	(0.4)
Advertising provision adjustment	0
Write-offs	(1.7)
Other	0
Balance, June 30, 2021	0.2
Other
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, December 31, 2020	0.3
Bad debt (credit) expense for the six months ended June 30, 2021	(0.1)
Advertising provision adjustment	0
Write-offs	0
Other	0
Balance, June 30, 2021	$ 0.2

Current Expected Credit Losse_6

Current Expected Credit Losses ("CECL") - Delinquency Status of Receivables (Details) $ in Millions	Jun. 30, 2021USD ($)
Financing Receivable, Past Due [Line Items]
Financing receivables	$ 78.4
Current
Financing Receivable, Past Due [Line Items]
Financing receivables	75.5
30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0.2
60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0.1
90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0.1
120+ days
Financing Receivable, Past Due [Line Items]
Financing receivables	2.5
Notes receivable, short-term
Financing Receivable, Past Due [Line Items]
Financing receivables	8.2
Notes receivable, short-term \| Current
Financing Receivable, Past Due [Line Items]
Financing receivables	5.3
Notes receivable, short-term \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0.2
Notes receivable, short-term \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0.1
Notes receivable, short-term \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0.1
Notes receivable, short-term \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivables	2.5
Notes receivable, long-term
Financing Receivable, Past Due [Line Items]
Financing receivables	12
Notes receivable, long-term \| Current
Financing Receivable, Past Due [Line Items]
Financing receivables	12
Notes receivable, long-term \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Notes receivable, long-term \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Notes receivable, long-term \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Notes receivable, long-term \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Lease Receivables
Financing Receivable, Past Due [Line Items]
Financing receivables	18.9
Lease Receivables \| Current
Financing Receivable, Past Due [Line Items]
Financing receivables	18.9
Lease Receivables \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Lease Receivables \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Lease Receivables \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Lease Receivables \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Equipment Notes
Financing Receivable, Past Due [Line Items]
Financing receivables	37.5
Equipment Notes \| Current
Financing Receivable, Past Due [Line Items]
Financing receivables	37.5
Equipment Notes \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Equipment Notes \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Equipment Notes \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Equipment Notes \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Other
Financing Receivable, Past Due [Line Items]
Financing receivables	1.8
Other \| Current
Financing Receivable, Past Due [Line Items]
Financing receivables	1.8
Other \| 30-59 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Other \| 60-89 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Other \| 90-119 days
Financing Receivable, Past Due [Line Items]
Financing receivables	0
Other \| 120+ days
Financing Receivable, Past Due [Line Items]
Financing receivables	$ 0

Current Expected Credit Losse_7

Current Expected Credit Losses ("CECL") - Year of Origination of Financing Receivables (Details) $ in Millions	Jun. 30, 2021USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Total	$ 78.4
Total
Financing Receivable, Credit Quality Indicator [Line Items]
2021	3.3
2020	2.3
2019	3.3
2018	8
2017	6.4
Prior	53.2
Total	76.5
Notes receivable, short and long-term
Financing Receivable, Credit Quality Indicator [Line Items]
2021	2.3
2020	0.8
2019	2.5
2018	8
2017	6.4
Prior	0.1
Total	20.1
Lease Receivables
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1
2020	1.5
2019	0.8
2018	0
2017	0
Prior	15.6
Total	18.9
Equipment Notes
Financing Receivable, Credit Quality Indicator [Line Items]
2021	0
2020	0
2019	0
2018	0
2017	0
Prior	37.5
Total	$ 37.5

Lease Disclosures - Narrative (

Lease Disclosures - Narrative (Details)	Jun. 30, 2021leaserestaurant
Lessee, Lease, Description [Line Items]
Number of company-operated restaurants located on leased real estate properties	69
Lessor, number of leases requiring additional rent payments based on a percentage of restaurant sales \| lease	275
Lessee, number of leases requiring additional rent payments based on a percentage of restaurant sales \| lease	40
Finance lease, weighted average remaining lease term	9 years 4 months 24 days
Operating lease, weighted average remaining lease term	7 years
Finance lease, weighted average discount rate, percent	10.20%
Operating lease, weighted average discount rate, percent	5.60%
IHOP
Lessee, Lease, Description [Line Items]
Number of franchisee-operated restaurants	540
Number of properties leased	55
Lessee, operating lease, renewal term	5 years
IHOP \| Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	20 years
IHOP \| Maximum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	25 years
Applebee's
Lessee, Lease, Description [Line Items]
Number of franchisee-operated restaurants	1
Number of properties leased	1
Applebee's \| Minimum
Lessee, Lease, Description [Line Items]
Lessee, operating lease, term of contract	10 years
Lessee, operating lease, renewal term	5 years
Applebee's \| Maximum
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 Disclosures Components of Lease Cost (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finance lease cost:
Amortization of right-of-use assets	$ 1.1	$ 1.3	$ 2.3	$ 2.5
Interest on lease liabilities	1.4	1.6	2.8	3.4
Operating lease cost	24.7	26.6	49.8	53.1
Variable lease cost	0.5	(0.1)	0.8	0.3
Short-term lease cost	0	0	0	0
Sublease income	(24.9)	(21.5)	(49.1)	(48.1)
Lease cost	$ 2.8	$ 7.9	$ 6.6	$ 11.2

Lease Disclosures - Future Mini

Lease Disclosures - Future Minimum Lease Payments Under Noncancelable Leases as Lessee (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Finance Leases
2021 (remaining six months)	$ 7,700
2022	14,400
2023	11,600
2024	9,700
2025	8,600
Thereafter	51,000
Total minimum lease payments	103,000
Less: interest/imputed interest	(28,700)
Total obligations	74,300
Less: current portion	(10,200)
Long-term lease obligations	64,095	$ 69,012
Operating Leases
2021 (remaining six months)	46,000
2022	87,900
2023	72,400
2024	67,200
2025	58,600
Thereafter	150,400
Total minimum lease payments	482,500
Less: interest/imputed interest	(86,700)
Total obligations	395,800
Less: current portion	(70,491)	(69,672)
Long-term lease obligations	$ 325,278	$ 345,163

Lease Disclosures - Payment for

Lease Disclosures - Payment for Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Principal payments on finance lease obligations	$ 2,600	$ 3,000	$ 5,244	$ 5,993
Interest payments on finance lease obligations	1,400	1,600	2,800	3,400
Payments on operating leases	22,800	23,000	45,800	46,500
Variable lease payments	$ 300	$ 200	$ 600	$ 500

Lease Disclosures - Components

Lease Disclosures - Components of Lease Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Minimum lease payments	$ 23.9	$ 22.5	$ 47.7	$ 47.9
Variable lease income	2.8	0.4	4.4	2.8
Total operating lease income	$ 26.7	$ 22.9	$ 52.1	$ 50.7

Lease Disclosures - Future Mi_2

Lease Disclosures - Future Minimum Payments to be Received as Lessor Under Noncancelable Operating Leases (Details) $ in Millions	Jun. 30, 2021USD ($)
Leases [Abstract]
2021 (remaining six months)	$ 50.2
2022	100
2023	96.4
2024	87.7
2025	76.2
Thereafter	178.9
Total minimum rents receivable	$ 589.4

Lease Disclosures - Schedule of

Lease Disclosures - Schedule of Income From Direct Financing Leases (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Leases [Abstract]
Interest income	$ 0.5	$ 0.8	$ 1.1	$ 1.8
Variable lease income	0.2	0	0.3	0.2
Total operating lease income	$ 0.7	$ 0.8	$ 1.4	$ 2

Lease Disclosures - Future Mi_3

Lease Disclosures - Future Minimum Payments to be Received as Lessor Under Noncancelable Direct Financing Leases (Details) $ in Millions	Jun. 30, 2021USD ($)
Leases [Abstract]
2021 (remaining six months)	$ 4.8
2022	7.6
2023	3.7
2024	1.6
2025	0.8
Thereafter	4
Total minimum rents receivable	22.5
Less: unearned income	(3.6)
Total net investment in direct financing leases	18.9
Less: current portion	(7.5)
Long-term investment in direct financing leases	$ 11.4

Long-Term Debt - Schedule of De

Long-Term Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020	Jun. 05, 2019
Debt Instrument [Line Items]
Debt issuance costs	$ (8,500)	$ (11,800)
Long-term debt, net of debt issuance costs	1,281,800	1,505,000
Current portion of long-term debt	(3,250)	(13,000)
Long-term debt	$ 1,278,504	$ 1,491,996
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	$ 694,800	$ 698,300
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%
Senior notes	$ 595,500	$ 598,500
Series 2019-1 Variable Funding Senior Notes Class A-1, variable interest rate of 2.42% at December 31, 2020
Debt Instrument [Line Items]
Debt interest rate (percent)		2.42%
Senior notes	$ 0	$ 220,000

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($)	Mar. 05, 2021	Mar. 05, 2020	Jun. 30, 2026	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Jun. 05, 2019
Debt Instrument [Line Items]
Ratio of indebtedness to net capital				494.00%		494.00%
DSCR less than 1.75x - Cash Flow Sweeping Event				175.00%		175.00%
DSCR less than 1.20x - Rapid Amortization Event				120.00%		120.00%
Interest-only DSCR less than 1.20x - Manager Termination Event				120.00%		120.00%
Interest-only DSCR less than 1.10x - Default Event				110.00%		110.00%
Debt service coverage ratio				460.00%		460.00%
Unamortized debt issuance costs				$ 8,500,000		$ 8,500,000		$ 11,800,000
Revolving Credit Facility
Debt Instrument [Line Items]
Repayments of long-term lines of credit						$ 220,000,000
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%
2019 Class A-2 Notes
Debt Instrument [Line Items]
Quarterly principal payment						$ 3,250,000
Amortization of debt issuance costs				600,000	$ 500,000	1,100,000	$ 1,000,000
Unamortized debt issuance costs				8,500,000		8,500,000
Annual principal payment				$ 13,000,000		$ 13,000,000
2019 Class A-2 Notes \| Maximum
Debt Instrument [Line Items]
Ratio of indebtedness to net capital				525.00%		525.00%
2019 Class A-2 Notes \| Forecast
Debt Instrument [Line Items]
Additional interest on fixed rate			5.00%
Debt instrument, term			10 years
2019 Class A-2-I Notes
Debt Instrument [Line Items]
Debt interest rate (percent)				4.194%		4.194%		4.194%	4.194%
Debt instrument, face amount									$ 700,000,000
Make-whole premium				$ 22,000,000		$ 22,000,000
2019 Class A-2-I Notes \| Forecast \| Ten Year United States Treasury Bill Rate
Debt Instrument [Line Items]
Basis spread on variable rate			2.15%
2019 Class A-2-II Notes
Debt Instrument [Line Items]
Debt interest rate (percent)				4.723%		4.723%		4.723%	4.723%
Debt instrument, face amount									$ 600,000,000
Make-whole premium				$ 57,000,000		$ 57,000,000
2019 Class A-2-II Notes \| Forecast \| Ten Year United States Treasury Bill Rate
Debt Instrument [Line Items]
Basis spread on variable rate			2.64%
Revolver
Debt Instrument [Line Items]
Debt interest rate (percent)								2.42%
Letters of credit outstanding, amount				3,300,000		3,300,000
Line of credit facility, current borrowing capacity				221,700,000		221,700,000
Revolver \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				225,000,000		$ 225,000,000			$ 225,000,000
Fee on unused portion of line of credit (percent)						0.50%
Proceeds from credit facility		$ 220,000,000
Maximum amount outstanding during period						$ 220,000,000
Repayments of long-term lines of credit	$ 220,000,000
Long-term Line of Credit				0		$ 0
Weighted average interest rate, over time						2.40%
Amortization of debt issuance costs				100,000	$ 100,000	$ 300,000	$ 300,000
Unamortized debt issuance costs				$ 1,800,000		$ 1,800,000
Revolver \| Revolving Credit Facility \| Eurodollar
Debt Instrument [Line Items]
Basis spread on variable rate						2.15%
Revolver \| Revolving Credit Facility \| London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate						2.15%
Line Of Credit Facility, Percentage Of Advances Drawn						60.00%
Revolver \| Revolving Credit Facility \| Commercial Paper Funding Rate Of Conduit Investor
Debt Instrument [Line Items]
Basis spread on variable rate						2.15%
Line Of Credit Facility, Percentage Of Advances Drawn						40.00%
Revolver \| Letter of Credit
Debt Instrument [Line Items]
Basis spread on variable rate						2.15%

Stockholders' Deficit - Dividen

Stockholders' Deficit - Dividends Declared and Paid per Share (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Equity [Abstract]
Dividends declared per common share (USD per share)	$ 0	$ 0	$ 0	$ 0.76
Dividends paid per common share (USD per share)	$ 0	$ 0.76	$ 0	$ 1.45

Stockholders' Deficit - Narrati

Stockholders' Deficit - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended		29 Months Ended
Stockholders' Deficit - Narrative (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Feb. 28, 2019
Equity, Class of Treasury Stock [Line Items]
Purchase of Company common stock				$ 26,527,000
Reissuance of treasure stock (in shares)			596,645
Reissuance of treasury stock	$ 3,027,000	$ (1,000)	$ 22,511,000	$ 20,523,000
Treasury Stock
Equity, Class of Treasury Stock [Line Items]
Purchase of Company common stock (in shares)				460,000
Purchase of Company common stock				$ 26,527,000
Reissuance of treasure stock (in shares)	58,000	13,000	597,000	381,000
Reissuance of treasury stock	$ 2,279,000	$ 599,000	$ 24,052,000	$ 17,156,000
2019 Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount						$ 200,000,000
Purchase of Company common stock (in shares)	0	0	0	459,899	1,697,597
Purchase of Company common stock					$ 129,800,000
Remaining dollar value of shares that may be repurchased	$ 70,200,000		$ 70,200,000		$ 70,200,000

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate (percent)			12.30%	4.50%
Income tax provision (benefit)	$ 9,296	$ (11,992)	$ 7,707	$ (5,254)
Pretax book income (loss)	38,658	$ (146,771)	62,672	$ (117,705)
Gross unrecognized tax benefit	1,900		1,900		$ 2,200
Expected change in unrecognized tax benefits	200		200
Accrued interest on income taxes	600		600		900
Accrued penalties on income taxes, less than	$ 100		$ 100		$ 100

Stock-Based Compensation - Comp

Stock-Based Compensation - Components of Stock-Based Compensation Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Equity classified awards expense	$ 2.5	$ 2.6	$ 5.6	$ 6.7
Liability classified awards expense (credit)	0.5	0.1	2	(0.5)
Total pre-tax stock-based compensation expense	3	2.7	7.6	6.2
Book income tax benefit	(0.8)	(0.7)	(1.9)	(1.6)
Total stock-based compensation expense, net of tax	$ 2.2	$ 2	$ 5.7	$ 4.6

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)			95,891
Share-based compensation expense	$ 3,000	$ 2,700	$ 7,600	$ 6,200
Accrued employee compensation and benefits	22,785		22,785		$ 21,237
Stock-Settled Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	20,900		$ 20,900
Total compensation cost not yet recognized, period for recognition (in years)			1 year 6 months
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost not yet recognized	3,900		$ 3,900
Total compensation cost not yet recognized, period for recognition (in years)			1 year 9 months 18 days
Cash-Settled Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	100	400	$ 1,500	(900)
Accrued employee compensation and benefits	800		800		2,500
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	300	$ (300)	500	$ 400
Accrued employee compensation and benefits	$ 1,200		$ 1,200		$ 2,100
Award vesting period (in years)			3 years
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 - Weig

Stock-Based Compensation - Weighted Average Assumptions of Options Value (Details) - Stock Options	6 Months Ended
	Jun. 30, 2021$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	0.50%
Historical volatility	67.70%
Dividend yield	0.00%
Expected years until exercise	4 years 6 months
Fair value of options granted (USD per share)	$ 40.25

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Activity (Details) - Stock Options $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Shares
Outstanding, beginning of period (in shares) \| shares	1,014,670
Granted (in shares) \| shares	95,891
Exercised (in shares) \| shares	(474,686)
Expired (in shares) \| shares	(24,540)
Forfeited (in shares) \| shares	(56,582)
Outstanding, end of period (in shares) \| shares	554,753
Vested and expected to vest (in shares) \| shares	533,000
Exercisable (in shares) \| shares	372,922
Weighted Average Exercise Price
Beginning of period (USD per share) \| $ / shares	$ 64.16
Granted (USD per share) \| $ / shares	75.28
Exercised (USD per share) \| $ / shares	47.96
Expired (USD per share) \| $ / shares	98.26
Forfeited (USD per share) \| $ / shares	88.34
End of period (USD per share) \| $ / shares	75.97
Vested and expected to vest (USD per share) \| $ / shares	75.81
Exercisable (USD per share) \| $ / shares	$ 72.86
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted average remaining contractual term (in years)	6 years 4 months 24 days
Weighted average remaining contractual term, vested and expected to vest (in years)	6 years 3 months 18 days
Weighted average remaining contractual term, exercisable (in years)	5 years 1 month 6 days
Options, outstanding, intrinsic value \| $	$ 8.3
Options, vested and expected to vest, intrinsic value \| $	8.1
Options, vested and expected to vest, exercisable \| $	$ 6.9

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Details)	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Restricted Stock
Restricted Stock
Beginning of period (in shares) \| shares	254,331
Granted (in shares) \| shares	127,041
Released (in shares) \| shares	(46,223)
Forfeited (in shares) \| shares	(40,105)
End of period (in shares) \| shares	295,044
Weighted Average Grant Date Fair Value
Beginning balance (USD per share) \| $ / shares	$ 76.50
Granted (USD per share) \| $ / shares	83.73
Released (USD per share) \| $ / shares	67.14
Forfeited (USD per share) \| $ / shares	83.34
Ending balance (USD per share) \| $ / shares	$ 80.15
Stock-Settled Restricted Stock Units
Restricted Stock
Beginning of period (in shares) \| shares	355,570
Granted (in shares) \| shares	68,578
Released (in shares) \| shares	(314,713)
Forfeited (in shares) \| shares	0
End of period (in shares) \| shares	109,435
Weighted Average Grant Date Fair Value
Beginning balance (USD per share) \| $ / shares	$ 28.01
Granted (USD per share) \| $ / shares	62.92
Released (USD per share) \| $ / shares	22.84
Forfeited (USD per share) \| $ / shares	0
Ending balance (USD per share) \| $ / shares	$ 64.76

Stock-Based Compensation - Liab

Stock-Based Compensation - Liability Classified Awards - Cash-settled Restricted Stock Units (Details) - Cash-Settled Restricted Stock Units	6 Months Ended
	Jun. 30, 2021shares
Restricted Stock
Beginning of period (in shares)	52,956
Released (in shares)	(38,916)
Forfeited (in shares)	(740)
End of period (in shares)	13,300

Segments - Narrative (Details)

Segments - Narrative (Details)	6 Months Ended
Segments - Narrative (Details)	Jun. 30, 2021restaurantterritorycountrysegment
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	7
Franchised Units \| Applebee's
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	1,627
Franchised Units \| IHOP
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	1,744
Entity Operated Units \| Applebee's
Franchisor Disclosure [Line Items]
Number of restaurants (restaurant)	69

Segments - Schedule of Segment

Segments - Schedule of Segment Reporting Information by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting Information [Line Items]
Rental revenues	$ 27,382	$ 23,707	$ 53,524	$ 52,716
Total revenues	233,619	109,712	437,818	316,596
Interest expense	17,800	19,100	36,500	36,400
Depreciation and amortization	10,000	10,700	19,976	21,345
Gross profit (loss)	38,658	(146,771)	62,672	(117,705)
Operating Segments
Segment Reporting Information [Line Items]
Gross profit (loss)	98,900	30,000	184,200	114,500
Corporate and unallocated expenses, net
Segment Reporting Information [Line Items]
Gross profit (loss)	(60,200)	(176,900)	(121,500)	(232,300)
Franchise operations \| Operating Segments
Segment Reporting Information [Line Items]
Depreciation and amortization	2,500	2,600	5,000	5,100
Gross profit (loss)	87,700	30,800	163,700	106,400
Rental operations \| Operating Segments
Segment Reporting Information [Line Items]
Rental revenues	27,400	23,700	53,500	52,700
Interest expense	1,300	1,500	2,600	3,100
Depreciation and amortization	2,800	3,100	5,600	6,300
Gross profit (loss)	6,800	2,400	12,000	8,900
Company restaurants \| Operating Segments
Segment Reporting Information [Line Items]
Interest expense	800	500	1,700	1,000
Depreciation and amortization	1,800	1,700	3,500	3,200
Gross profit (loss)	3,400	(4,400)	6,500	(3,400)
Financing operations \| Operating Segments
Segment Reporting Information [Line Items]
Gross profit (loss)	1,000	1,200	2,000	2,600
Corporate
Segment Reporting Information [Line Items]
Interest expense	15,700	17,100	32,200	32,300
Depreciation and amortization	2,900	3,400	5,900	6,700
Franchise revenues
Segment Reporting Information [Line Items]
Revenue from contract with customer	166,954	67,876	307,930	212,913
Franchise revenues \| Franchise operations \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer	166,900	67,800	307,900	212,900
Company restaurants
Segment Reporting Information [Line Items]
Revenue from contract with customer	38,194	16,774	74,143	48,074
Company restaurants \| Company restaurants \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer	38,200	16,800	74,200	48,100
Financing revenues
Segment Reporting Information [Line Items]
Revenue from contract with customer	1,089	1,355	2,221	2,893
Financing revenues \| Financing operations \| Operating Segments
Segment Reporting Information [Line Items]
Revenue from contract with customer	$ 1,100	$ 1,400	$ 2,200	$ 2,900

Net Income (Loss) per Share - C

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		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator for basic and diluted income (loss) per common share:
Net income (loss)	$ 29,362	$ (134,779)	$ 54,965	$ (112,451)
Less: Net income allocated to unvested participating restricted stock	(657)	0	(1,431)	(420)
Net income (loss) available to common stockholders	28,705	(134,779)	53,534	(112,871)
Effect of unvested participating restricted stock in two-class calculation	3	0	10	0
Net income (loss) available to common stockholders - diluted	$ 28,708	$ (134,779)	$ 53,544	$ (112,871)
Denominator:
Weighted average outstanding shares of common stock - basic (in shares)	16,886	16,177	16,673	16,215
Dilutive effect of stock options (in shares)	91	0	129	0
Weighted average outstanding shares of common stock - diluted (in shares)	16,977	16,177	16,802	16,215
Net income (loss) per common share:
Net income per common share - basic (USD per share)	$ 1.70	$ (8.33)	$ 3.21	$ (6.96)
Net income per common share - diluted (USD per share)	$ 1.69	$ (8.33)	$ 3.19	$ (6.96)

Net Income (Loss) per Share - N

Net Income (Loss) per Share - Narrative (Details) - shares	3 Months Ended	6 Months Ended
Net Income (Loss) per Share - Narrative (Details) - shares	Jun. 30, 2020	Jun. 30, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	101,000

Impairment and Closure Charge_2

Impairment and Closure Charges - Long-lived Tangible Asset Impairment and Closure Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Closure charges	$ 1,000	$ 700	$ 2,900	$ 700
Long-lived tangible asset impairment	1,600	17,200	1,700	17,200
Goodwill impairment	0	92,200	0	92,200
Tradename impairment	0	11,000	0	11,000
Impairment of reacquired franchise rights	0	3,300	0	3,300
Total impairment and closure charges	$ 2,571	$ 124,365	$ 4,581	$ 124,353

Impairment and Closure Charge_3

Impairment and Closure Charges - Narrative (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)restaurant	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)restaurant	Jun. 30, 2020USD ($)
Goodwill [Line Items]
Closure charges	$ 1	$ 0.7	$ 2.9	$ 0.7
Impairment for goodwill and intangible assets	0		0
Goodwill impairment	0	92.2	0	92.2
Tradename impairment	0	11	0	11
Impairment of reacquired franchise rights	$ 0	3.3	0	$ 3.3
Reacquired Franchise Rights
Goodwill [Line Items]
Impairment of reacquired franchise rights		3.3
Tradename
Goodwill [Line Items]
Tradename impairment		11
IHOP
Goodwill [Line Items]
Closure charges			$ 2.9
Number of restaurants related to closure charges \| restaurant	30		50
Number of restaurants impacted by long-lived asset impairment \| restaurant	3		4
Applebee's \| Franchised Units
Goodwill [Line Items]
Goodwill impairment		$ 92.2
Revision of Prior Period, Accounting Standards Update, Adjustment \| IHOP
Goodwill [Line Items]
Operating lease, impairment loss	$ 1.6		$ 1.7

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Non-Current Financial Liabilities (Details) - Level 2 - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Face Value of Class A-2 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	$ 1,290.3	$ 1,296.8
Fair Value of Class A-2 Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, fair value	$ 1,354.9	$ 1,259.5

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - Applebee's - Property Lease Guarantee $ in Millions	Jun. 30, 2021USD ($)
Loss Contingencies [Line Items]
Potential liability for guaranteed leases	$ 234.8
Potential liability for guaranteed leases excluding unexercised option periods	$ 40.1

Cash, Cash Equivalents and Re_3

Cash, Cash Equivalents and Restricted Cash - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 259,461	$ 383,369
Money market funds
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	30,000	175,000
IHOP advertising funds and gift card programs \| IHOP
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	76,200	71,600
Other depository accounts
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 153,300	$ 136,800

Cash, Cash Equivalents and Re_4

Cash, Cash Equivalents and Restricted Cash - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Restricted Cash and Cash Equivalents Items [Line Items]
Non-current restricted cash	$ 16,400	$ 32,800
Revolving Credit Facility
Restricted Cash and Cash Equivalents Items [Line Items]
Repayments of long-term lines of credit	220,000
Secured Debt
Restricted Cash and Cash Equivalents Items [Line Items]
Non-current restricted cash	$ 16,000

Cash, Cash Equivalents and Re_5

Cash, Cash Equivalents and Restricted Cash - Schedule of Current Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Restricted Cash and Cash Equivalents Items [Line Items]
Total current restricted cash	$ 72.1	$ 39.9
Securitized debt reserves
Restricted Cash and Cash Equivalents Items [Line Items]
Total current restricted cash	33.7	27
Applebee's advertising funds \| Applebee's
Restricted Cash and Cash Equivalents Items [Line Items]
Total current restricted cash	38.3	12.8
Other
Restricted Cash and Cash Equivalents Items [Line Items]
Total current restricted cash	$ 0.1	$ 0.1

Uncategorized Items - din-20210

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-13 [Member]