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Gift Cards | 12 Months Ended
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Jan. 01, 2019
Gift Cards |
Gift Cards | 7. Gift Cards The following tables present information related to gift cards (in thousands): Gift card liabilities:
|  | January 1, 2019 |  | January 2, 2018
Beginning balance |  | $ | 163,951 |  | $ | 153,629
Activations |  |  | 151,084 |  |  | 155,422
Redemptions and breakage |  |  | (142,699) |  |  | (145,100)
Ending balanace |  | $ | 172,336 |  | $ | 163,951
Gift card contract assets (1):
|  | January 1, 2019 |  | January 2, 2018
Beginning balance |  | $ | 23,814 |  | $ | 23,786
Deferrals |  |  | 18,669 |  |  | 19,217
Amortization |  |  | (19,095) |  |  | (19,189)
Ending balance |  | $ | 23,388 |  | $ | 23,814
| (1) |  | Included in prepaid expenses on the consolidated balance sheets.

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- Definition The entire disclosure for gift cards liabilities and assets. + References No definition available. + Details
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