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Gift Cards | 3 Months Ended
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Mar. 30, 2021
Gift Cards |
Gift Cards | 4. Gift Cards ​ The following tables present information related to gift cards (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen | ​ | Thirteen
​ | ​ | Weeks Ended | ​ | Weeks Ended
​ |  | March 30, 2021 |  | March 31, 2020
Gift card liabilities: | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 184,655 |  | $ | 187,978
Activations | ​ |  | 16,465 | ​ |  | 17,340
Redemptions and breakage | ​ |  | (34,942) | ​ |  | (44,103)
Ending balance | ​ | $ | 166,178 |  | $ | 161,215
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen | ​ | Thirteen
​ | ​ | Weeks Ended | ​ | Weeks Ended
​ |  | March 30, 2021 |  | March 31, 2020
Gift card contract assets: | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 17,955 |  | $ | 23,172
Deferrals | ​ |  | 2,295 | ​ |  | 2,203
Amortization | ​ |  | (3,995) | ​ |  | (4,690)
Ending balance | ​ | $ | 16,255 |  | $ | 20,685
​ The significant declines in redemptions and breakage during the first quarter of 2021 compared to 2020 stem from the impact of the COVID-19 pandemic on our business.

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