Gift Cards

3 Months Ended

Apr. 04, 2023

Gift Cards

Gift Cards

4.  Gift Cards

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

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	April 4, 2023		March 29, 2022
Gift card liabilities:
Beginning balance	$	219,808	$	211,182
Activations		18,598		20,590
Redemptions and breakage		(46,498)		(46,260)
Ending balance	$	191,908	$	185,512

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	April 4, 2023		March 29, 2022
Gift card contract assets:
Beginning balance	$	19,886	$	18,468
Deferrals		2,410		2,702
Amortization		(3,929)		(3,629)
Ending balance	$	18,367	$	17,541