XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.10.0.1

General (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2018
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:
|  | Interest Rate Swaps |  |  | Available for Sale Investments |  |  | Pension Obligation |  |  | Accumulated Other Comprehensive Loss |
|  | (in thousands) |
Balance at December 28, 2017 |  | $ | – |  |  | $ | (11 | ) |  | $ | (7,414 | ) |  | $ | (7,425 | )
Amount reclassified to retained earnings on December 29, 2017 in connection with the adoption of ASU No. 2016-01 |  |  | – |  |  |  | 11 |  |  |  | – |  |  |  | 11 |
Balance at December 29, 2017 |  |  | – |  |  |  | – |  |  |  | (7,414 | ) |  |  | (7,414 | )
Amortization of the net actuarial loss and prior service credit |  |  | – |  |  |  | – |  |  |  | 340 |  |  |  | 340 |
Other comprehensive income before reclassifications |  |  | 191 |  |  |  | – |  |  |  | – |  |  |  | 191 |
Amounts reclassified from accumulated other comprehensive loss |  |  | 134 | (1) |  |  | – |  |  |  | – |  |  |  | 134 |
Other comprehensive income |  |  | 325 |  |  |  | – |  |  |  | 340 |  |  |  | 665 |
Balance at September 27, 2018 |  | $ | 325 |  |  | $ | – |  |  | $ | (7,074 | ) |  | $ | (6,749 | )
| (1) | Amount is included in interest expense in the consolidated statements of earnings.
|  | 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 |  |  | – |  |  |  | 161 |  |  |  | 161 |
Net other comprehensive income (loss) |  |  | (14 | ) |  |  | 161 |  |  |  | 147 |
Balance at September 28, 2017 |  | $ | (11 | ) |  | $ | (4,908 | ) |  | $ | (4,919 | )
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 27, 2018 |  |  | 13 Weeks Ended September 28, 2017 |  |  | 39 Weeks Ended September 27, 2018 |  |  | 39 Weeks Ended September 28, 2017 |
|  | (in thousands, except per share data) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings attributable to |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
The Marcus Corporation |  | $ | 16,231 |  |  | $ | 10,978 |  |  | $ | 44,671 |  |  | $ | 30,555 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic EPS |  |  | 28,180 |  |  |  | 27,825 |  |  |  | 28,028 |  |  |  | 27,773 |
Effect of dilutive employee stock options |  |  | 638 |  |  |  | 525 |  |  |  | 606 |  |  |  | 637 |
Denominator for diluted EPS |  |  | 28,818 |  |  |  | 28,350 |  |  |  | 28,634 |  |  |  | 28,410 |
Net earnings per share - basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 0.60 |  |  | $ | 0.41 |  |  | $ | 1.65 |  |  | $ | 1.14 |
Class B Common Stock |  | $ | 0.52 |  |  | $ | 0.36 |  |  | $ | 1.47 |  |  | $ | 1.02 |
Net earnings per share - diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 0.56 |  |  | $ | 0.39 |  |  | $ | 1.56 |  |  | $ | 1.08 |
Class B Common Stock |  | $ | 0.51 |  |  | $ | 0.37 |  |  | $ | 1.44 |  |  | $ | 1.01 |
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 27, 2018 and September 28, 2017 was as follows:
|  | Total Shareholders’ Equity Attributable to The Marcus Corporation |  |  | Noncontrolling Interests |
|  | (in thousands) |
Balance at December 28, 2017 |  | $ | 445,024 |  |  | $ | 100 |
Net earnings attributable to The Marcus Corporation |  |  | 44,671 |  |  |  | – |
Net earnings attributable to noncontrolling interests |  |  | – |  |  |  | 70 |
Distributions to noncontrolling interests |  |  | – |  |  |  | (65 | )
Cash dividends |  |  | (12,277 | ) |  |  | – |
Exercise of stock options |  |  | 6,902 |  |  |  | – |
Savings and profit sharing contribution |  |  | 1,130 |  |  |  | – |
Treasury stock transactions, except for stock options |  |  | (2,566 | ) |  |  | – |
Share-based compensation |  |  | 1,950 |  |  |  | – |
Cumulative effect of adopting ASU No. 2014-09, net of tax |  |  | (2,568 | ) |  |  | – |
Other comprehensive income, net of tax |  |  | 665 |  |  |  | – |
Balance at September 27, 2018 |  | $ | 482,931 |  |  | $ | 105 |
|  | 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 |
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 27, 2018 |  |  | 13 Weeks Ended September 28, 2017 |  |  | 39 Weeks Ended September 27, 2018 |  |  | 39 Weeks Ended September 28, 2017 |
|  | (in thousands) |
Service cost |  | $ | 231 |  |  | $ | 192 |  |  | $ | 694 |  |  | $ | 574 |
Interest cost |  |  | 341 |  |  |  | 339 |  |  |  | 1,023 |  |  |  | 1,017 |
Net amortization of prior service cost and actuarial loss |  |  | 156 |  |  |  | 89 |  |  |  | 466 |  |  |  | 267 |
Net periodic pension cost |  | $ | 728 |  |  | $ | 620 |  |  | $ | 2,183 |  |  | $ | 1,858 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration