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Gift Cards
3 Months Ended
Apr. 02, 2019
Gift Cards  
Gift Cards

3.  Gift Cards

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

Gift card liabilities:

 

 

 

 

 

 

 

 

 

 

 

Thirteen

 

Thirteen

 

 

 

Weeks Ended

 

Weeks Ended 

 

 

    

April 2, 2019

    

April 3, 2018

 

 

 

 

  

 

 

  

 

Beginning balance

 

$

172,336

 

$

163,951

 

Activations

 

 

20,373

 

 

21,744

 

Redemptions and breakage

 

 

(46,964)

 

 

(47,561)

 

Ending balance

 

$

145,745

 

$

138,134

 

 

Gift card contract assets: (1)

 

 

 

 

 

 

 

 

 

 

 

Thirteen

 

Thirteen

 

 

 

Weeks Ended

 

Weeks Ended 

 

 

    

April 2, 2019

    

April 3, 2018

 

 

 

 

 

 

 

 

 

Beginning balance

 

$

23,388

 

$

23,814

 

Deferrals

 

 

2,596

 

 

2,721

 

Amortization

 

 

(4,711)

 

 

(4,817)

 

Ending balance

 

$

21,273

 

$

21,718

 


(1)

Included in prepaid expenses on the condensed consolidated balance sheets.