XML 41 R27.htm IDEA: XBRL DOCUMENT v3.3.1.900

Shareholders' Equity and Stock-Based Compensation (Tables)

7 Months Ended

Dec. 31, 2015

Stock Holders Equity And Share Based Compensation [Abstract]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The Company estimated the fair value of stock options using the Black-Scholes option pricing model with the following assumptions used for awards granted during the Transition Period, fiscal 2015, fiscal 2014 and fiscal 2013:

		31 Weeks Ended		Year Ended		Year Ended		Year Ended
		December 31, 2015		May 28, 2015		May 29, 2014		May 30, 2013
Risk-free interest rate		1.30 – 2.13%		1.31 – 2.32%		1.04 – 2.38%		0.48 – 1.33%
Dividend yield		2.3%		2.5%		2.7%		2.8%
Volatility		36 – 48%		37 – 49%		41 – 49%		49 – 62%
Expected life		4 – 9 years		4 – 9 years		4 – 9 years		4 – 9 years

Schedule of Share-based Compensation, Stock Options, Activity

A summary of the Company’s stock option activity and related information follows:

		December 31, 2015						May 28, 2015						May 29, 2014						May 30, 2013
					Weighted-						Weighted-						Weighted-						Weighted
					Average						Average						Average						Average
					Exercise						Exercise						Exercise						Exercise
		Options			Price				Options		Price			Options			Price			Options			Price
		(options in thousands)
Outstanding at beginning of period			1,526		$	14.75			1,566		$	14.06			1,949		$	14.03			2,006		$	13.91
Granted			284			20.22			276			18.35			291			13.16			306			13.12
Exercised			(68)			12.69			(215)			13.81			(437)			12.81			(202)			10.82
Forfeited			(35)			16.25			(101)			15.87			(237)			14.16			(161)			14.48
Outstanding at end of period			1,707			15.71			1,526			14.75			1,566			14.06			1,949			14.03
Exercisable at end of period			961		$	14.57			840		$	14.90			909		$	15.29			1,113		$	15.47
Weighted-average fair value of options granted during the period					$	6.57					$	5.98					$	4.52					$	5.20

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Additional information related to these options segregated by exercise price range is as follows:

		Exercise Price Range
		$8.52 to			$12.72 to			$17.74 to
		$12.71			$17.73			$23.37
		(options in thousands)
Options outstanding			304			691			712
Weighted-average exercise price of options outstanding		$	10.91		$	13.86		$	19.56
Weighted-average remaining contractual life of options outstanding			5.1			5.4			7.0
Options exercisable			266			489			206
Weighted-average exercise price of options exercisable		$	11.05		$	14.16		$	20.08

Schedule of Nonvested Share Activity

A summary of the Company’s non-vested stock activity and related information follows:

		December 31, 2015						May 28, 2015						May 29, 2014						May 30, 2013
					Weighted-						Weighted-						Weighted-						Weighted-
					Average						Average						Average						Average
					Fair						Fair						Fair						Fair
		Shares			Value			Shares			Value			Shares			Value			Shares			Value
		(options in thousands)
Outstanding at beginning of period			114		$	15.39			98		$	13.61			97		$	12.92			86		$	12.37
Granted			34			19.24			30			19.38			37			14.14			28			13.65
Vested			(14)			12.55			(14)			11.72			(25)			12.01			(17)			11.36
Forfeited			–			–			–			–			(11)			12.93			–			–
Outstanding at end of period			134		$	16.54			114		$	15.39			98		$	13.61			97		$	12.92

X

- References

No definition available.

+ Details

Name:	mcs_StockHoldersEquityAndShareBasedCompensationAbstract
Namespace Prefix:	mcs_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration