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General (Tables)
 3 Months Ended
Mar. 28, 2019
Accounting Policies [Abstract]  
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
 
 
 
March 28, 2019
 
 
March 29, 2018
 
 
 
(in thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
 
Net earnings attributable to The Marcus Corporation
 
$
1,860
 
 
$
9,821
 
Denominator:
 
 
 
 
 
 
 
 
Denominator for basic EPS
 
 
29,883
 
 
 
27,895
 
Effect of dilutive employee stock options
 
 
616
 
 
 
539
 
Denominator for diluted EPS
 
 
30,499
 
 
 
28,434
 
Net earnings per share - basic:
 
 
 
 
 
 
 
 
Common Stock
 
$
0.06
 
 
$
0.36
 
Class B Common Stock
 
$
0.06
 
 
$
0.33
 
Net earnings per share - diluted:
 
 
 
 
 
 
 
 
Common Stock
 
$
0.06
 
 
$
0.35
 
Class B Common Stock
 
$
0.06
 
 
$
0.32
 
Schedule of Stockholders Equity [Table Text Block]
Shareholders’ Equity
- Activity impacting total shareholders’ equity attributable to The Marcus Corporation and noncontrolling interests for the 13 weeks ended March 28, 2019 and March 29, 2018 was as follows (in thousands, except per share data):
 
 
 
Common

Stock
 
 
Class B

Common

Stock
 
 
Capital

in Excess

of Par
 
 
Retained

Earnings
 
 
Accumulated

Other

Comprehensive

Loss
 
 
Treasury

Stock
 
 
Shareholder
s'
Equity

Attributable

to The

Marcus

Corporation
 
 
Non-

controlling

Interests
 
 
Total

Equity
 
BALANCES AT DECEMBER 27, 2018
 
$
22,843
 
 
$
8,347
 
 
$
63,830
 
 
$
439,178
 
 
$
(6,758
)
 
$
(37,431
)
 
$
490,009
 
 
$
110
 
 
$
490,119
 
Cash Dividends:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
.15
Class B Common Stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,183
)
 
 
-
 
 
 
-
 
 
 
(1,183
)
 
 
-
 
 
 
(1,183
)
$
.16
Common Stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(3,633
)
 
 
-
 
 
 
-
 
 
 
(3,633
)
 
 
-
 
 
 
(3,633
)
Exercise of stock options
 
 
-
 
 
 
-
 
 
 
(78
)
 
 
-
 
 
 
-
 
 
 
532
 
 
 
454
 
 
 
-
 
 
 
454
 
Purchase of treasury stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(428
)
 
 
(428
)
 
 
-
 
 
 
(428
)
Savings and profit-sharing contribution
 
 
-
 
 
 
-
 
 
 
810
 
 
 
-
 
 
 
-
 
 
 
371
 
 
 
1,181
 
 
 
-
 
 
 
1,181
 
Reissuance of treasury stock
 
 
-
 
 
 
-
 
 
 
31
 
 
 
-
 
 
 
-
 
 
 
16
 
 
 
47
 
 
 
-
 
 
 
47
 
Issuance of non-vested stock
 
 
-
 
 
 
-
 
 
 
(127
)
 
 
-
 
 
 
-
 
 
 
127
 
 
 
-
 
 
 
-
 
 
 
-
 
Shared-based compensation
 
 
-
 
 
 
-
 
 
 
777
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
777
 
 
 
-
 
 
 
777
 
Reissuance of treasury stock-acquisition
 
 
-
 
 
 
-
 
 
 
77,960
 
 
 
-
 
 
 
-
 
 
 
31,237
 
 
 
109,197
 
 
 
-
 
 
 
109,197
 
Other
 
 
-
 
 
 
-
 
 
 
(109
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(109
)
 
 
-
 
 
 
(109
)
Conversions of Class B Common Stock
 
 
411
 
 
 
(411
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Distributions to noncontrolling interest
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(60
)
 
 
(60
)
Comprehensive income (loss)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,860
 
 
 
(297
)
 
 
-
 
 
 
1,563
 
 
 
(66
)
 
 
1,497
 
BALANCES AT MARCH 28, 2019
 
$
23,254
 
 
$
7,936
 
 
$
143,094
 
 
$
436,222
 
 
$
(7,055
)
 
$
(5,576
)
 
$
597,875
 
 
$
(16
)
 
$
597,859
 
 
 
 
Common

Stock
 
 
Class B

Common

Stock
 
 
Capital

in Excess

of Par
 
 
Retained

Earnings
 
 
Accumulated

Other

Comprehensive

Income (Loss)
 
 
Treasury

Stock
 
 
Shareholders'

Equity

Attributable

to The

Marcus

Corporation
 
 
Non-

controlling

Interests
 
 
Total

Equity
 
BALANCES AT DECEMBER 28, 2017
 
$
22,656
 
 
$
8,534
 
 
$
61,452
 
 
$
403,206
 
 
$
(7,425
)
 
$
(43,399
)
 
$
445,024
 
 
$
100
 
 
$
445,124
 
Amount reclassified to retained earnings on December 29, 2017 in connection with the adoption of ASU No. 2016-01
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(11
)
 
 
11
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Amount reclassified to retained earnings on December 29, 2017 in connection with the adoption of ASU No. 2018-02
 
 
-
 
 
 
-
 
 
 
-
 
 
 
1,574
 
 
 
(1,574
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Amount reclassified to retained earnings on December 29, 2017 in connection with the adoption of ASU No. 2014-09
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(2,568
)
 
 
-
 
 
 
-
 
 
 
(2,568
)
 
 
-
 
 
 
(2,568
)
Cash Dividends:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
.14
Class B Common Stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(1,163
)
 
 
-
 
 
 
-
 
 
 
(1,163
)
 
 
-
 
 
 
(1,163
)
$
.15
Common Stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(2,907
)
 
 
-
 
 
 
-
 
 
 
(2,907
)
 
 
-
 
 
 
(2,907
)
Exercise of stock options
 
 
-
 
 
 
-
 
 
 
(62
)
 
 
-
 
 
 
-
 
 
 
991
 
 
 
929
 
 
 
-
 
 
 
929
 
Purchase of treasury stock
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(453
)
 
 
(453
)
 
 
-
 
 
 
(453
)
Savings and profit-sharing contribution
 
 
-
 
 
 
-
 
 
 
651
 
 
 
-
 
 
 
-
 
 
 
479
 
 
 
1,130
 
 
 
-
 
 
 
1,130
 
Reissuance of treasury stock
 
 
-
 
 
 
-
 
 
 
26
 
 
 
-
 
 
 
-
 
 
 
23
 
 
 
49
 
 
 
-
 
 
 
49
 
Issuance of non-vested stock
 
 
-
 
 
 
-
 
 
 
(108
)
 
 
-
 
 
 
-
 
 
 
108
 
 
 
-
 
 
 
-
 
 
 
-
 
Shared-based compensation
 
 
-
 
 
 
-
 
 
 
596
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
596
 
 
 
-
 
 
 
596
 
Conversions of Class B Common Stock
 
 
8
 
 
 
(8
)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Distributions to noncontrolling interest
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
(19
)
 
 
(19
)
Comprehensive income (loss)
 
 
-
 
 
 
-
 
 
 
-
 
 
 
9,821
 
 
 
(30
)
 
 
-
 
 
 
9,791
 
 
 
(15
)
 
 
9,776
 
BALANCES AT MARCH 29, 2018
 
$
22,664
 
 
$
8,526
 
 
$
62,555
 
 
$
407,952
 
 
$
(9,018
)
 
$
(42,251
)
 
$
450,428
 
 
$
66
 
 
$
450,494
 
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:
 
 
 
March 28,

2019
 
 
December 27,

2018
 
 
 
(in thousands)
 
Unrecognized loss on interest rate swap agreements
 
$
(525
)
 
$
(149
)
Net unrecognized actuarial loss for pension obligation
 
 
(6,530
)
 
 
(6,609
)
 
 
$
(7,055
)
 
$
(6,758
)
Schedule of Net Benefit Costs [Table Text Block] The components of the net periodic pension cost of the Company’s unfunded nonqualified, defined-benefit plan are as follows:
 
 
 
13 Weeks Ended
 
 
 
March 28, 2019
 
 
March 29, 2018
 
 
 
(in thousands)
 
Service cost
 
$
209
 
 
$
232
 
Interest cost
 
 
371
 
 
 
341
 
Net amortization of prior service cost and actuarial loss
 
 
109
 
 
 
155
 
Net periodic pension cost
 
$
689
 
 
$
728
 
Disaggregation of Revenue [Table Text Block] The disaggregation of revenues by business segment for the 13 weeks ended March 28, 2019 is as follows (in thousands):
 
 
 
Reportable Segment
 
 
 
 
 
 
Theatres
 
 
Hotels/Resorts
 
 
Corporate
 
 
Total
 
Theatre admissions
 
$
58,969
 
 
$
-
 
 
$
-
 
 
$
58,969
 
Rooms
 
 
-
 
 
 
18,938
 
 
 
-
 
 
 
18,938
 
Theatre concessions
 
 
47,155
 
 
 
-
 
 
 
-
 
 
 
47,155
 
Food and beverage
 
 
-
 
 
 
15,783
 
 
 
-
 
 
 
15,783
 
Other revenues
(1)
 
 
8,569
 
 
 
12,167
 
 
 
93
 
 
 
20,829
 
Cost reimbursements
 
 
192
 
 
 
8,173
 
 
 
-
 
 
 
8,365
 
Total revenues
 
$
114,885
 
 
$
55,061
 
 
$
93
 
 
$
170,039
 
 
 
(1)
Included in other revenues is an immaterial amount related to rental income that is not considered revenue from contracts with customers under ASC 
Topic 606
.
 
The disaggregation of revenues by business segment for the 13 weeks ended March 29, 2018 is as follows (in thousands):
 
 
 
Reportable Segment
 
 
 
 
 
 
Theatres
 
 
Hotels/Resorts
 
 
Corporate
 
 
Total
 
Theatre admissions
 
$
63,006
 
 
$
-
 
 
$
-
 
 
$
63,006
 
Rooms
 
 
-
 
 
 
20,671
 
 
 
-
 
 
 
20,671
 
Theatre concessions
 
 
41,413
 
 
 
-
 
 
 
-
 
 
 
41,413
 
Food and beverage
 
 
-
 
 
 
15,803
 
 
 
-
 
 
 
15,803
 
Other revenues
(1)
 
 
8,037
 
 
 
11,401
 
 
 
88
 
 
 
19,526
 
Cost reimbursements
 
 
479
 
 
 
7,293
 
 
 
-
 
 
 
7,772
 
Total revenues
 
$
112,935
 
 
$
55,168
 
 
$
88
 
 
$
168,191
 
 
 
(1)
Included in other revenues is an immaterial amount related to rental income that is not considered revenue from contracts with customers under ASC 
Topic 606
.