General (Tables)

3 Months Ended

Mar. 30, 2017

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:

					Accumulated
	Available				Other
	for Sale		Pension		Comprehensive
	Investments		Obligation		Loss
	(in thousands)
Balance at December 29, 2016	$	3	$	(5,069)	$	(5,066)
Change in unrealized gain on available for sale investments		(14)		-		(14)
Amortization of the net actuarial loss and prior service credit		-		54		54
Net other comprehensive income (loss)		(14)		54		40
Balance at March 30, 2017	$	(11)	$	(5,015)	$	(5,026)

							Accumulated
			Available				Other
	Swap		for Sale		Pension		Comprehensive
	Agreements		Investments		Obligation		Loss
	(in thousands)
Balance at December 31, 2015	$	9	$	(11)	$	(5,219)	$	(5,221)
Other comprehensive loss before reclassifications		(115)		-		-		(115)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		20		-		-		20
Net other comprehensive loss		(95)		-		-		(95)
Balance at March 31, 2016	$	(86)	$	(11)	$	(5,219)	$	(5,316)

⁽¹⁾ Amount is included in interest expense in the consolidated statement 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		13 Weeks Ended
	March 30, 2017		March 31, 2016
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	9,453	$	5,452
Denominator:
Denominator for basic EPS		27,708		27,494
Effect of dilutive employee stock options		675		265
Denominator for diluted EPS		28,383		27,759
Net earnings per share – basic:
Common Stock	$	0.35	$	0.20
Class B Common Stock	$	0.32	$	0.19
Net earnings per share – diluted:
Common Stock	$	0.33	$	0.20
Class B Common Stock	$	0.31	$	0.19

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 13 weeks ended March 30, 2017 and March 31, 2016 was as follows:

	Total
	Shareholders’
	Equity
	Attributable to
	The Marcus		Noncontrolling
	Corporation		Interests
	(in thousands)
Balance at December 29, 2016	$	390,112	$	1,535
Net earnings attributable to The Marcus Corporation		9,453		-
Net loss attributable to noncontrolling interests		-		(336)
Cash dividends		(3,366)		-
Exercise of stock options		455		-
Savings and profit sharing contribution		890		-
Treasury stock transactions, except for stock options		52		-
Share-based compensation		505		-
Other comprehensive income, net of tax		40		-
Balance at March 30, 2017	$	398,141	$	1,199

	Total
	Shareholders’
	Equity
	Attributable to
	The Marcus		Noncontrolling
	Corporation		Interests
	(in thousands)
Balance at December 31, 2015	$	363,352	$	2,346
Net earnings attributable to The Marcus Corporation		5,452		-
Net loss attributable to noncontrolling interests		-		(172)
Distributions to noncontrolling interests		-		(312)
Cash dividends		(2,997)		-
Exercise of stock options		125		-
Savings and profit sharing contribution		905		-
Treasury stock transactions, except for stock options		(4,593)		-
Share-based compensation		434		-
Other		7		-
Other comprehensive loss, net of tax		(95)		-
Balance at March 31, 2016	$	362,590	$	1,862

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		13 Weeks Ended
	March 30, 2017		March 31, 2016
	(in thousands)
Service cost	$	191	$	216
Interest cost		339		352
Net amortization of prior service cost and actuarial loss		89		91
Net periodic pension cost	$	619	$	659