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General (Tables)

6 Months Ended

Nov. 26, 2015

General [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive loss presented in the accompanying consolidated balance sheets consists of the following, all presented net of tax:

		Swap Agreements			Available for Sale Investments			Pension Obligation			Accumulated Other Comprehensive Loss
		(in thousands)
Balance at May 28, 2015		$	(17)		$	(11)		$	(5,284)		$	(5,312)
Other comprehensive loss before reclassifications			(58)			-			-			(58)
Amounts reclassified from accumulated other comprehensive loss (1)			56			-			-			56
Net other comprehensive loss			(2)			-			-			(2)
Balance at November 26, 2015		$	(19)		$	(11)		$	(5,284)		$	(5,314)

		Swap Agreements			Available for Sale Investments			Pension Obligation			Accumulated Other Comprehensive Loss
		(in thousands)
Balance at May 29, 2014		$	34		$	(11)		$	(4,581)		$	(4,558)
Other comprehensive loss before reclassifications			(55)			-			-			(55)
Amounts reclassified from accumulated other comprehensive loss (1)			59			-			-			59
Net other comprehensive income			4			-			-			4
Balance at November 27, 2014		$	38		$	(11)		$	(4,581)		$	(4,554)

⁽¹⁾ Amounts are included in interest expense in the consolidated statements of earnings.

Schedule of Earnings Per Share, Basic and Diluted

The following table illustrates the computation of Common Stock and Class B Common Stock basic and diluted net earnings per share for net earnings and provides a reconciliation of the number of weighted-average basic and diluted shares outstanding:

		13 Weeks Ended November 26, 2015			13 Weeks Ended November 27, 2014			26 Weeks Ended November 26, 2015			26 Weeks Ended November 27, 2014
		(in thousands, except per share data)
Numerator:
Net earnings attributable to
The Marcus Corporation		$	4,945		$	5,223		$	19,596		$	17,655
Denominator:
Denominator for basic EPS			27,626			27,400			27,600			27,374
Effect of dilutive employee stock options			319			168			313			215
Denominator for diluted EPS			27,945			27,568			27,913			27,589
Net earnings per share - basic:
Common Stock		$	0.18		$	0.20		$	0.73		$	0.67
Class B Common Stock		$	0.17		$	0.18		$	0.66		$	0.60
Net earnings per share - diluted:
Common Stock		$	0.18		$	0.19		$	0.70		$	0.64
Class B Common Stock		$	0.17		$	0.18		$	0.66		$	0.60

Components of Shareholders' Equity Activity Attributable to The Marcus Corporation and Noncontrolling Interests

Activity impacting total shareholders’ equity attributable to The Marcus Corporation and noncontrolling interests for the 26 weeks ended November 26, 2015 and November 27, 2014 was as follows:

		Total Shareholders’ Equity Attributable to The Marcus Corporation			Noncontrolling Interests
		(in thousands)
Balance at May 28, 2015		$	343,779		$	2,456
Net earnings attributable to The Marcus Corporation			19,596			–
Net loss attributable to noncontrolling interests			–			(35)
Distributions to noncontrolling interests			–			(505)
Cash dividends			(5,633)			–
Exercise of stock options			848			–
Treasury stock transactions, except for stock options			170			–
Share-based compensation			794			–
Other			57			–
Other comprehensive loss, net of tax			(2)			–
Balance at November 26, 2015		$	359,609		$	1,916

		Total Shareholders’ Equity Attributable to The Marcus Corporation			Noncontrolling Interests
		(in thousands)
Balance at May 29, 2014		$	326,211		$	3,768
Net earnings attributable to The Marcus Corporation			17,655			–
Net earnings attributable to noncontrolling interests			–			12
Distributions to noncontrolling interests			–			(958)
Cash dividends			(5,052)			–
Exercise of stock options			1,095			–
Treasury stock transactions, except for stock options			173			–
Share-based compensation			683			–
Other			47			–
Other comprehensive income, net of tax			4			–
Balance at November 27, 2014		$	340,816		$	2,822

Schedule of Net Benefit Costs

The components of the net periodic pension cost of the Company’s unfunded nonqualified, defined-benefit plan are as follows:

		13 Weeks Ended November 26, 2015			13 Weeks Ended November 27, 2014			26 Weeks Ended November 26, 2015			26 Weeks Ended November 27, 2014
		(in thousands)
Service cost		$	197		$	174		$	394		$	349
Interest cost			328			311			656			622
Net amortization of prior service cost and actuarial loss			90			81			180			162
Net periodic pension cost		$	615		$	566		$	1,230		$	1,133

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