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Description of Business and Summary of Significant Accounting Policies (Tables)
 7 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule Of Depreciation And Amortization Of Property And Equipment
Depreciation and amortization of property and equipment are provided using the straight-line method over the shorter of the following estimated useful lives or any related lease terms:
  
 
Years
Land improvements
15 - 39
Buildings and improvements
12 - 39
Leasehold improvements
3 - 40
Furniture, fixtures and equipment
2 - 20
Schedule of Goodwill
 
 
December 31, 2015
 
May 28, 2015
 
May 29, 2014
 
 
 
(in thousands)
 
Balance at beginning of period
 
$
43,720
 
$
43,858
 
$
43,997
 
Acquisition
 
 
581
 
 
-
 
 
-
 
Deferred tax adjustment
 
 
(81)
 
 
(138)
 
 
(139)
 
Balance at end of period
 
$
44,220
 
$
43,720
 
$
43,858
 
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 and provides a reconciliation of the number of weighted-average basic and diluted shares outstanding:
 
 
 
 
 
(unaudited)
 
 
 
 
 
31 Weeks Ended
 
30 Weeks Ended
 
Year Ended
 
 
 
December 31,
 
December 25,
 
May 28,
 
May 29,
 
May 30,
 
 
 
2015
 
2014
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(in thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings attributable to The Marcus Corporation
 
$
23,565
 
$
16,782
 
$
23,995
 
$
25,001
 
$
17,506
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic EPS
 
 
27,609
 
 
27,379
 
 
27,421
 
 
27,076
 
 
27,846
 
Effect of dilutive employee stock options
 
 
308
 
 
214
 
 
266
 
 
74
 
 
19
 
Denominator for diluted EPS
 
 
27,917
 
 
27,593
 
 
27,687
 
 
27,150
 
 
27,865
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings per share - Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common Stock
 
$
0.88
 
$
0.63
 
$
0.90
 
$
0.95
 
$
0.68
 
Class B Common Stock
 
$
0.80
 
$
0.57
 
$
0.82
 
$
0.86
 
$
0.59
 
Net earnings per share- Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Common Stock
 
$
0.84
 
$
0.61
 
$
0.87
 
$
0.92
 
$
0.63
 
Class B Common Stock
 
$
0.79
 
$
0.57
 
$
0.81
 
$
0.86
 
$
0.59
 
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:
 
 
 
December 31, 2015
 
May 28, 2015
 
May 29, 2014
 
 
 
(in thousands)
 
Unrealized loss on available for sale investments
 
$
(11)
 
$
(11)
 
$
(11)
 
Unrecognized gain (loss) on interest rate swap agreement
 
 
9
 
 
(17)
 
 
34
 
Net unrecognized actuarial loss for pension obligation
 
 
(5,219)
 
 
(5,284)
 
 
(4,581)
 
 
 
$
(5,221)
 
$
(5,312)
 
$
(4,558)