Gift Cards (Tables)

6 Months Ended

Jul. 01, 2025

Gift Cards

Schedule of gift card liabilities

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

Schedule of gift card contract assets

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 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