Gift Cards

3 Months Ended

Mar. 29, 2022

Gift Cards

Gift Cards

4.  Gift Cards

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

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	March 29, 2022		March 30, 2021
Gift card liabilities:
Beginning balance	$	211,182	$	184,655
Activations		20,590		16,465
Redemptions and breakage		(46,260)		(34,942)
Ending balance	$	185,512	$	166,178

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	March 29, 2022		March 30, 2021
Gift card contract assets:
Beginning balance	$	18,468	$	17,955
Deferrals		2,702		2,295
Amortization		(3,629)		(3,995)
Ending balance	$	17,541	$	16,255