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General (Tables)

9 Months Ended

Sep. 28, 2017

Accounting Policies [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive 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 the net actuarial loss and prior service credit			-				161				161
Net other comprehensive income (loss)			(14	)			161				147
Balance at September 28, 2017		$	(11	)		$	(4,908	)		$	(4,919	)

		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	)
Amortization of the net actuarial loss and prior service credit			-				-				163				163
Other comprehensive loss before reclassifications			(143	)			-				-				(143	)
Amounts reclassified from accumulated other comprehensive loss (1)			134				-				-				134
Net other comprehensive income (loss)			(9	)			-				163				154
Balance at September 29, 2016		$	-			$	(11	)		$	(5,056	)		$	(5,067	)

⁽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 September  28, 2017				13 Weeks Ended September 29, 2016				39 Weeks Ended September 28, 2017				39 Weeks Ended September 29, 2016
		(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation		$	10,978			$	14,372			$	30,555			$	29,160
Denominator:
Denominator for basic EPS			27,825				27,574				27,773				27,522
Effect of dilutive employee stock options			525				427				637				343
Denominator for diluted EPS			28,350				28,001				28,410				27,865
Net earnings per share - basic:
Common Stock		$	0.41			$	0.54			$	1.14			$	1.09
Class B Common Stock		$	0.36			$	0.49			$	1.02			$	0.99
Net earnings per share - diluted:
Common Stock		$	0.39			$	0.51			$	1.08			$	1.05
Class B Common Stock		$	0.37			$	0.48			$	1.01			$	0.98

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 39 weeks ended September 28, 2017 and September 29, 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			30,555				–
Net loss attributable to noncontrolling interests			–				(495	)
Cash dividends			(10,122	)			–
Exercise of stock options			2,083				–
Savings and profit sharing contribution			1,024				–
Treasury stock transactions, except for stock options			(463	)			–
Share-based compensation			1,867				–
Other comprehensive income, net of tax			147				–
Balance at September 28, 2017		$	415,203			$	1,040

		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			29,160				–
Net loss attributable to noncontrolling interests			–				(282	)
Distributions to noncontrolling interests			–				(448	)
Cash dividends			(9,016	)			–
Exercise of stock options			3,553				–
Savings and profit sharing contribution			905				–
Treasury stock transactions, except for stock options			(6,053	)			–
Share-based compensation			1,358				–
Other			39				–
Other comprehensive income, net of tax			154				–
Balance at September 29, 2016		$	383,452			$	1,616

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 September 28, 2017				13 Weeks Ended September 29, 2016				39 Weeks Ended September 28, 2017				39 Weeks Ended September 29, 2016
		(in thousands)
Service cost		$	192			$	216			$	574			$	648
Interest cost			339				351				1,017				1,055
Net amortization of prior service cost and actuarial loss			89				91				267				273
Net periodic pension cost		$	620			$	658			$	1,858			$	1,976

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