XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Description of Business and Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 30, 2021
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 | 2 - 20
Finance lease right-of-use assets | 4 - 15
Schedule of Goodwill | A summary of the Company’s goodwill activity is as follows:
| December 30, 2021 |  | December 31, 2020 |  | December 26, 2019
Balance at beginning of period | $ | 75,188 |  |  | $ | 75,282 |  |  | $ | 43,170 |
Acquisition | — |  |  | — |  |  | 32,205 |
Sale | — |  |  | — |  |  | — |
Deferred tax adjustment | (93) |  |  | (94) |  |  | (93) |
Balance at end of period | $ | 75,095 |  |  | $ | 75,188 |  |  | $ | 75,282 |
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 (loss) per share and provides a reconciliation of the number of weighted-average basic and diluted shares outstanding:
| Year Ended
| December 30, 2021 |  | December 31, 2020 |  | December 26, 2019
Numerator: |  |  |  |  |
Net earnings (loss) attributable to The Marcus Corporation | $ | (43,293) |  |  | $ | (124,843) |  |  | $ | 42,017 |
Denominator: |  |  |  |  |
Denominator for basic EPS | 31,360 |  |  | 31,042 |  |  | 30,656 |
Effect of dilutive employee stock options | — |  |  | — |  |  | 496 |
Denominator for diluted EPS | 31,360 |  |  | 31,042 |  |  | 31,152 |
Net earnings (loss) per share – Basic: |  |  |  |  |
Common Stock | $ | (1.42) |  |  | $ | (4.13) |  |  | $ | 1.44 |
Class B Common Stock | $ | (1.25) |  |  | $ | (3.74) |  |  | $ | 1.25 |
Net earnings (loss) per share- Diluted: |  |  |  |  |
Common Stock | $ | (1.42) |  |  | $ | (4.13) |  |  | $ | 1.35 |
Class B Common Stock | $ | (1.25) |  |  | $ | (3.74) |  |  | $ | 1.24 |
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 30, 2021 |  | December 31, 2020
Unrecognized loss on interest rate swap agreements | $ | (509) |  |  | (1,086) |
Net unrecognized actuarial loss for pension obligation | (10,935) |  |  | (13,847) |
| $ | (11,444) |  |  | $ | (14,933) |
Schedule of One-time Cumulative Effect Adjustment to Balance Sheet | The Company recorded a one-time cumulative effect adjustment to the balance sheet on January 1, 2021 as follows:
| Balance at December 31, 2020 |  | Cumulative adjustment |  | Balance at January 1, 2021
Long-term debt | $ | 193,036 |  |  | $ | 21,393 |  |  | $ | 214,429 |
Deferred income taxes | 33,429 |  |  | (5,584) |  |  | 27,845 |
Capital in excess of par | 153,529 |  |  | (16,511) |  |  | 137,018 |
Retained earnings | 331,897 |  |  | 702 |  |  | 332,599 |

X
- Definition The entire disclosure for the schedule of depreciation and amortization of property and equipment. + References No definition available. + Details
Name: | mcs_ScheduleOfDepreciationAndAmortizationOfPropertyAndEquipmentTableTextBlock
Namespace Prefix: | mcs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901 Reference 2: 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=124509347&loc=SL7669686-108580 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 830 -SubTopic 30 -Section 45 -Paragraph 20 -URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=124437754&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration