General (Tables)

6 Months Ended

Jun. 30, 2016

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 December 31, 2015	$	9	$	(11)	$	(5,219)	$	(5,221)
Other comprehensive loss before reclassifications		(143)		-		-		(143)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		134		-		-		134
Net other comprehensive loss		(9)		-		-		(9)
Balance at June 30, 2016	$	-	$	(11)	$	(5,219)	$	(5,230)

	Swap Agreements		Available for Sale Investments		Pension Obligation		Accumulated Other Comprehensive Loss
	(in thousands)
Balance at December 25, 2014	$	116	$	(11)	$	(4,580)	$	(4,475)
Amortization of the net actuarial loss and prior service credit		-		-		199		199
Other comprehensive loss before reclassifications		(169)		-		(902)		(1,071)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		59		-		-		59
Net other comprehensive loss		(110)		-		(703)		(813)
Balance at June 25, 2015	$	6	$	(11)	$	(5,283)	$	(5,288)

⁽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 June 30, 2016		13 Weeks Ended June 25, 2015		26 Weeks Ended June 30, 2016		26 Weeks Ended June 25, 2015
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	9,336	$	9,017	$	14,788	$	12,254
Denominator:
Denominator for basic EPS		27,498		27,538		27,496		27,491
Effect of dilutive employee stock options		316		328		299		319
Denominator for diluted EPS		27,814		27,866		27,795		27,810
Net earnings per share - basic:
Common Stock	$	0.35	$	0.34	$	0.55	$	0.46
Class B Common Stock	$	0.33	$	0.31	$	0.50	$	0.42
Net earnings per share - diluted:
Common Stock	$	0.34	$	0.32	$	0.53	$	0.44
Class B Common Stock	$	0.33	$	0.30	$	0.50	$	0.41

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 June 30, 2016 and June 25, 2015 was as follows:

	Total Shareholders’ Equity Attributable to The Marcus Corporation		Noncontrolling Interests
		(in thousands)
Balance at December 31, 2015	$	363,352	$	2,346
Net earnings attributable to The Marcus Corporation		14,788		–
Net loss attributable to noncontrolling interests		–		(162)
Distributions to noncontrolling interests		–		(448)
Cash dividends		(6,001)		–
Exercise of stock options		1,199		–
Treasury stock transactions, except for stock options		(4,234)		–
Share-based compensation		921		–
Other		39		–
Other comprehensive loss, net of tax		(9)		–
Balance at June 30, 2016	$	370,055	$	1,736

	Total Shareholders’ Equity Attributable to The Marcus Corporation		Noncontrolling Interests
	(in thousands)
Balance at December 25, 2014	$	340,170	$	2,727
Net earnings attributable to The Marcus Corporation		12,254		–
Net loss attributable to noncontrolling interests		–		(294)
Distributions to noncontrolling interests		–		(379)
Cash dividends		(5,338)		–
Exercise of stock options		1,834		–
Treasury stock transactions, except for stock options		(26)		–
Share-based compensation		788		–
Other		139		–
Other comprehensive loss, net of tax		(813)		–
Balance at June 25, 2015	$	349,008	$	2,054

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 June 30, 2016		13 Weeks Ended June 25, 2015		26 Weeks Ended June 30, 2016		26 Weeks Ended June 25, 2015
	(in thousands)
Service cost	$	216	$	182	$	432	$	356
Interest cost		352		316		704		627
Net amortization of prior service cost and actuarial loss		91		84		182		166
Net periodic pension cost	$	659	$	582	$	1,318	$	1,149