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General (Tables)

6 Months Ended

Jun. 29, 2017

Accounting Policies [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:

		Available for Sale Investments			Pension Obligation			Accumulated Other Comprehensive 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 net actuarial loss and prior service credit			-			107			107
Net other comprehensive income (loss)			(14)			107			93
Balance at June 29, 2017		$	(11)		$	(4,962)		$	(4,973)

		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)

⁽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  29, 2017			13 Weeks  Ended  June 30, 2016			26 Weeks  Ended  June 29, 2017			26 Weeks  Ended  June 30, 2016
		(in thousands, except per share data)
Numerator:
Net earnings attributable to
The Marcus Corporation		$	10,124		$	9,336		$	19,577		$	14,788
Denominator:
Denominator for basic EPS			27,784			27,498			27,746			27,496
Effect of dilutive employee stock options			702			316			689			299
Denominator for diluted EPS			28,486			27,814			28,435			27,795
Net earnings per share - basic:
Common Stock		$	0.38		$	0.35		$	0.73		$	0.55
Class B Common Stock		$	0.34		$	0.33		$	0.66		$	0.50
Net earnings per share - diluted:
Common Stock		$	0.36		$	0.34		$	0.69		$	0.53
Class B Common Stock		$	0.33		$	0.33		$	0.64		$	0.50

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 29, 2017 and June 30, 2016 was as follows:

		Total  Shareholders’  Equity  Attributable to  The Marcus  Corporation			Noncontrolling Interests
		(in thousands)
Balance at December 29, 2016		$	390,112		$	1,535
Net earnings attributable to The Marcus Corporation			19,577			–
Net loss attributable to noncontrolling interests			–			(335)
Cash dividends			(6,741)			–
Exercise of stock options			1,241			–
Savings and profit sharing contribution			1,024			–
Treasury stock transactions, except for stock options			52			–
Share-based compensation			1,269			–
Other comprehensive income, net of tax			93			–
Balance at June 29, 2017		$	406,627		$	1,200

		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			–
Savings and profit sharing contribution			905			–
Treasury stock transactions, except for stock options			(5,139)			–
Share-based compensation			921			–
Other			39			–
Other comprehensive loss, net of tax			(9)			–
Balance at June 30, 2016		$	370,055		$	1,736

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 29, 2017			13 Weeks Ended June 30, 2016			26 Weeks Ended June 29, 2017			26 Weeks Ended June 30, 2016
		(in thousands)
Service cost		$	191		$	216		$	382		$	432
Interest cost			339			352			678			704
Net amortization of prior service cost and actuarial loss			89			91			178			182
Net periodic pension cost		$	619		$	659		$	1,238		$	1,318

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