Gift Cards

12 Months Ended

Jan. 01, 2019

Gift Cards

Gift Cards

7.    Gift Cards

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

Gift card liabilities:

	January 1, 2019		January 2, 2018
Beginning balance	$	163,951	$	153,629
Activations		151,084		155,422
Redemptions and breakage		(142,699)		(145,100)
Ending balanace	$	172,336	$	163,951

Gift card contract assets (1):

	January 1, 2019		January 2, 2018
Beginning balance	$	23,814	$	23,786
Deferrals		18,669		19,217
Amortization		(19,095)		(19,189)
Ending balance	$	23,388	$	23,814

(1) Included in prepaid expenses on the consolidated balance sheets.