Gift Cards (Tables)

12 Months Ended

Dec. 29, 2020

Gift Cards

Schedule of gift card liabilities

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

	December 29, 2020		December 31, 2019
Gift card liabilities:
Beginning balance	$	187,978	$	172,336
Activations		110,670		158,099
Redemptions and breakage		(113,993)		(142,457)
Ending balance	$	184,655	$	187,978

Schedule of gift card contract assets

	December 29, 2020		December 31, 2019
Gift card contract assets (1):
Beginning balance	$	23,172	$	23,388
Deferrals		12,348		18,378
Amortization		(17,565)		(18,594)
Ending balance	$	17,955	$	23,172

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