Gift Cards

9 Months Ended

Oct. 03, 2023

Gift Cards

Gift Cards

4.  Gift Cards

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

	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	October 3, 2023		September 27, 2022		October 3, 2023		September 27, 2022
Gift card liabilities:
Beginning balance	$	187,483	$	182,295	$	219,808	$	211,182
Activations		17,968		20,650		63,284		69,847
Redemptions and breakage		(25,251)		(28,220)		(102,892)		(106,304)
Ending balance	$	180,200	$	174,725	$	180,200	$	174,725

	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	October 3, 2023		September 27, 2022		October 3, 2023		September 27, 2022
Gift card contract assets:
Beginning balance	$	17,369	$	17,061	$	19,886	$	18,468
Deferrals		2,509		2,268		7,823		8,159
Amortization		(3,914)		(3,674)		(11,745)		(10,972)
Ending balance	$	15,964	$	15,655	$	15,964	$	15,655