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Gift Cards (Tables)

3 Months Ended

Mar. 31, 2026

Gift Cards

Schedule of gift card liabilities

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

​

​	​	​	​	​	​	​
​	​ ​ ​	Thirteen		​	Thirteen
​	​	Weeks Ended		​	Weeks Ended
​	​	March 31, 2026		​ ​ ​	April 1, 2025
Gift card liabilities:	​	​	​	​	​	​
Beginning balance		$	212,859		$	226,810
Activations	​	​	16,976	​	​	20,673
Redemptions and breakage	​	​	(42,120)	​	​	(47,628)
Ending balance		$	187,715		$	199,855

Schedule of gift card contract assets

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

​

​	​	​	​	​	​	​
​	​	Thirteen		​	Thirteen
​	​	Weeks Ended		​	Weeks Ended
​	​ ​ ​	March 31, 2026		​ ​ ​	April 1, 2025
Gift card contract assets: (1)	​	​	​	​	​	​
Beginning balance	​	$	17,958		$	18,447
Deferrals	​	​	2,351	​	​	2,368
Amortization	​	​	(3,476)	​	​	(3,735)
Ending balance	​	$	16,833		$	17,080

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

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- Definition

Tabular disclosure for gift card asset activity.

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- Definition

Tabular disclosure for gift card liability activity.

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