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Gift Cards
3 Months Ended
Apr. 02, 2024
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 2, 2024

    

April 4, 2023

Gift card liabilities:

Beginning balance

 

$

222,915

 

$

219,808

Activations

20,567

18,598

Redemptions and breakage

(47,246)

(46,498)

Ending balance

 

$

196,236

 

$

191,908

Thirteen

Thirteen

Weeks Ended

Weeks Ended

    

April 2, 2024

    

April 4, 2023

Gift card contract assets:

Beginning balance

$

19,111

 

$

19,886

Deferrals

2,424

2,410

Amortization

(3,936)

(3,929)

Ending balance

$

17,599

 

$

18,367