Prepaid Expenses

12 Months Ended

Jan. 03, 2023

Prepaid Expenses

Prepaid Expenses

5. Prepaid Expenses

Prepaid expenses consisted of (in thousands):

	Fiscal year ended
	January 3, 2023		December 28, 2021
Gift card contract assets	$	19,886	$	18,468
Other(1)		28,513		17,978
Total	$	48,399	$	36,446

(1) The primary cause for the increase in other prepaid expenses is that our January 2023 rent payments fell before the fiscal 2022 year-end date compared to the January 2022 rent payments which fell after the fiscal 2021 year-end date.