Gift Cards (Tables)

3 Months Ended

Apr. 02, 2024

Schedule of gift card liabilities

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

Schedule of gift card contract assets

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 contract assets:
Beginning balance		$	19,111		$	19,886
Deferrals			2,424			2,410
Amortization			(3,936)			(3,929)
Ending balance		$	17,599		$	18,367