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Gift Cards | 6 Months Ended
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Jul. 01, 2025
Gift Cards |
Gift Cards | 4. Gift Cards The following tables present information related to gift cards (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Thirteen | ​ | Thirteen | ​ | Twenty-Six | ​ | Twenty-Six
​ | ​ | Weeks Ended | ​ | Weeks Ended | ​ | Weeks Ended | ​ | Weeks Ended
​ | ​ | July 1, 2025 |  | July 2, 2024 |  | July 1, 2025 |  | July 2, 2024
Gift card liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance |  | $ | 199,855 |  | $ | 196,236 | ​ | $ | 226,810 |  | $ | 222,915
Activations | ​ | ​ | 29,471 | ​ | ​ | 28,074 | ​ | ​ | 50,144 | ​ | ​ | 48,642
Redemptions and breakage | ​ | ​ | (33,033) | ​ | ​ | (31,966) | ​ | ​ | (80,661) | ​ | ​ | (79,213)
Ending balance |  | $ | 196,293 |  | $ | 192,344 | ​ | $ | 196,293 |  | $ | 192,344
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Thirteen | ​ | Thirteen | ​ | Twenty-Six | ​ | Twenty-Six
​ | ​ | Weeks Ended | ​ | Weeks Ended | ​ | Weeks Ended | ​ | Weeks Ended
​ |  | July 1, 2025 |  | July 2, 2024 |  | July 1, 2025 |  | July 2, 2024
Gift card contract assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance |  | $ | 17,080 |  | $ | 17,598 | ​ | $ | 18,447 |  | $ | 19,111
Deferrals | ​ | ​ | 2,833 | ​ | ​ | 3,135 | ​ | ​ | 5,201 | ​ | ​ | 5,559
Amortization | ​ | ​ | (3,624) | ​ | ​ | (3,833) | ​ | ​ | (7,359) | ​ | ​ | (7,770)
Ending balance |  | $ | 16,289 |  | $ | 16,900 | ​ | $ | 16,289 |  | $ | 16,900
​

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