Gift Cards

6 Months Ended

Jul. 04, 2023

Gift Cards

Gift Cards

4.  Gift Cards

The following tables present information related to gift cards (in thousands):

	Thirteen		Thirteen		Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	July 4, 2023		June 28, 2022		July 4, 2023		June 28, 2022
Gift card liabilities:
Beginning balance	$	191,908	$	185,512	$	219,808	$	211,182
Activations		26,718		28,607		45,316		49,197
Redemptions and breakage		(31,143)		(31,824)		(77,641)		(78,084)
Ending balance	$	187,483	$	182,295	$	187,483	$	182,295

	Thirteen		Thirteen		Twenty-Six		Twenty-Six
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	July 4, 2023		June 28, 2022		July 4, 2023		June 28, 2022
Gift card contract assets:
Beginning balance	$	18,367	$	17,541	$	19,886	$	18,468
Deferrals		2,905		3,189		5,314		5,891
Amortization		(3,903)		(3,669)		(7,831)		(7,298)
Ending balance	$	17,369	$	17,061	$	17,369	$	17,061