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Description of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 27, 2018
Accounting Policies [Abstract]  
Schedule Of Depreciation And Amortization Of Property And Equipment
Depreciation and amortization of property and equipment are provided using the straight-line method over the shorter of the following estimated useful lives or any related lease terms:
 
 
Years
Land improvements
10 - 20
Buildings and improvements
12
-
39
Leasehold improvements
3
-
40
Furniture, fixtures and equipment
3
-
20
Schedule of Goodwill
A summary of the Company’s goodwill activity is as follows:
 
 
 
December 27,

2018
 
 
December 28,

2017
 
 
December 29,

2016
 
 
 
(in thousands)
 
Balance at beginning of period
 
$
43,492
 
 
$
43,735
 
 
$
44,220
 
Acquisition
 
 
–
 
 
 
–
 
 
 
–
 
Sale
 
 
–
 
 
 
(105
)
 
 
–
 
Other
 
 
–
 
 
 
–
 
 
 
(347
)
Deferred tax adjustment
 
 
(322
)
 
 
(138
)
 
 
(138
)
Balance at end of period
 
$
43,170
 
 
$
43,492
 
 
$
43,735
 
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 and provides a reconciliation of the number of weighted-average basic and diluted shares outstanding:
 
 
 
Year Ended
 
 
 
December 27,

2018
 
 
December 28,

2017
 
 
December 29,

2016
 
 
 
(in thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings attributable to The Marcus Corporation
 
$
53,391
 
 
$
64,996
 
 
$
37,902
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic EPS
 
 
28,105
 
 
 
27,789
 
 
 
27,551
 
Effect of dilutive employee stock options
 
 
608
 
 
 
614
 
 
 
406
 
Denominator for diluted EPS
 
 
28,713
 
 
 
28,403
 
 
 
27,957
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net earnings per share – Basic:
 
 
 
 
 
 
 
 
 
 
 
 
Common Stock
 
$
1.96
 
 
$
2.42
 
 
$
1.41
 
Class B Common Stock
 
$
1.75
 
 
$
2.17
 
 
$
1.28
 
Net earnings per share- Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
Common Stock
 
$
1.86
 
 
$
2.29
 
 
$
1.36
 
Class B Common Stock
 
$
1.72
 
 
$
2.13
 
 
$
1.27
 
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:
 
 
 
December 27, 2018
 
 
December 28, 2017
 
 
 
(in thousands)
 
Unrealized loss on available for sale investments
 
$
–
 
 
$
(11
)
Unrecognized loss on interest rate swap agreements
 
 
(149
)
 
 
–
 
Net unrecognized actuarial loss for pension obligation
 
 
(6,609
)
 
 
(7,414
)
 
 
$
(6,758
)
 
$
(7,425
)