Gift Cards (Tables)

6 Months Ended

Jun. 30, 2026

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
		June 30, 2026			July 1, 2025			June 30, 2026			July 1, 2025
Gift card liabilities:
Beginning balance		$	187,715		$	199,855		$	212,859		$	226,810
Activations			27,186			29,471			44,162			50,144
Redemptions and breakage			(31,450)			(33,033)			(73,570)			(80,661)
Ending balance		$	183,451		$	196,293		$	183,451		$	196,293

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
		June 30, 2026			July 1, 2025			June 30, 2026			July 1, 2025
Gift card contract assets: ⁽¹⁾
Beginning balance		$	16,833		$	17,080		$	17,958		$	18,447
Deferrals			2,592			2,833			4,943			5,201
Amortization			(3,510)			(3,624)			(6,986)			(7,359)
Ending balance		$	15,915		$	16,289		$	15,915		$	16,289

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