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Gift Cards
6 Months Ended
Jun. 28, 2022
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

June 28, 2022

    

June 29, 2021

    

June 28, 2022

    

June 29, 2021

Gift card liabilities:

Beginning balance

 

$

185,512

 

$

166,178

$

211,182

 

$

184,655

Activations

 

28,607

 

32,487

 

49,197

 

48,952

Redemptions and breakage

 

(31,824)

 

(29,567)

 

(78,084)

 

(64,509)

Ending balance

 

$

182,295

 

$

169,098

$

182,295

 

$

169,098

    

Thirteen

Thirteen

Twenty-Six

Twenty-Six

Weeks Ended

Weeks Ended

Weeks Ended

Weeks Ended

June 28, 2022

    

June 29, 2021

    

June 28, 2022

    

June 29, 2021

Gift card contract assets:

Beginning balance

 

$

17,541

 

$

16,255

$

18,468

 

$

17,955

Deferrals

 

3,189

 

3,412

 

5,891

 

5,707

Amortization

 

(3,669)

 

(3,856)

 

(7,298)

 

(7,851)

Ending balance

 

$

17,061

 

$

15,811

$

17,061

 

$

15,811