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Gift Cards (Tables)
12 Months Ended
Dec. 31, 2024
Gift Cards  
Schedule of gift card liabilities

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

    

Fiscal year ended

    

December 31, 2024

    

January 2, 2024

Gift card liabilities:

Beginning balance

$

222,915

 

$

219,808

Activations

 

151,047

 

140,647

Redemptions and breakage

 

(147,152)

 

(137,540)

Ending balance

$

226,810

 

$

222,915

Schedule of gift card contract assets

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

    

Fiscal year ended

    

December 31, 2024

    

January 2, 2024

Gift card contract assets: (1)

Beginning balance

$

19,111

 

$

19,886

Deferrals

 

14,549

 

14,957

Amortization

 

(15,213)

 

(15,732)

Ending balance

$

18,447

 

$

19,111

(1)Included in prepaid expenses on the consolidated balance sheets.