XML 39 R23.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Business Segment Information | 12 Months Ended
--- | ---
Dec. 26, 2024
Segment Reporting [Abstract] |
Business Segment Information | 13. Business Segment Information The Company’s primary operations are reported in the following two business segments: movie theatres and hotels and resorts. The Marcus Corporation’s chief operating decision maker (CODM) is the Company’s Chief Executive Officer. The measure of segment profit and loss the CODM uses to evaluate performance is operating income of each segment. The CODM uses this measure to evaluate trends and assess segment operating performance as compared to budget, historical periods, the industries each segment operates in and their competition in order to determine how to allocate resources to each segment. The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. Following is a summary of business segment information for fiscal 2024, fiscal 2023 and fiscal 2022:
|  |  | Theatres |  | Hotels/Resorts |  | Total
Fiscal 2024 |  |  |  |  |  |  |
Total Revenues |  |  | $ | 447,723 |  |  | $ | 287,506 |  |  | $ | 735,229 |
Less: Costs and expenses |  |  |  |  |  |  |
Theatre operations |  |  | 225,472 |  |  | — |  |  | 225,472 |
Rooms |  |  | — |  |  | 43,425 |  |  | 43,425 |
Theatre concessions |  |  | 78,406 |  |  | — |  |  | 78,406 |
Food and beverage |  |  | — |  |  | 60,419 |  |  | 60,419 |
Advertising and marketing |  |  | 5,485 |  |  | 18,903 |  |  | 24,388 |
Administrative |  |  | 23,304 |  |  | 42,540 |  |  | 65,844 |
Depreciation and amortization |  |  | 45,352 |  |  | 21,917 |  |  | 67,269 |
Rent |  |  | 23,551 |  |  | 1,899 |  |  | 25,450 |
Property taxes |  |  | 9,607 |  |  | 5,029 |  |  | 14,636 |
Impairment charges |  |  | 6,823 |  |  | — |  |  | 6,823 |
Reimbursed costs |  |  | 1,314 |  |  | 39,160 |  |  | 40,474 |
Other segment items (2) |  |  | 6,262 |  |  | 35,737 |  |  | 41,999 |
Total costs and expenses |  |  | 425,576 |  |  | 269,029 |  |  | 694,605 |
Operating income |  |  | $ | 22,147 |  |  | $ | 18,477 |  |  | $ | 40,624 |
Investment income |  |  |  |  |  |  | 2,231 |
Interest expense |  |  |  |  |  |  | (10,972) |
Other income (expense), net |  |  |  |  |  |  | (1,513) |
Debt conversion expense |  |  |  |  |  |  | (15,521) |
Equity losses from unconsolidated joint ventures, net |  |  |  |  |  |  | (604) |
Corporate items (1) |  |  |  |  |  |  | (24,454) |
Net loss before income taxes |  |  |  |  |  |  | $ | (10,209) |
| Theatres |  | Hotels/ Resorts |  | Corporate Items (1) |  | Total
Additional Disclosures |  |  |  |  |  |  |
Share-based compensation | $ | 932 |  |  | $ | 1,053 |  |  | $ | 6,221 |  |  | $ | 8,206 |
Assets | 643,488 |  |  | 310,856 |  |  | 90,184 |  |  | 1,044,528 |
Capital expenditures | 20,961 |  |  | 48,930 |  |  | 9,319 |  |  | 79,210 |
|  |  | Theatres |  | Hotels/Resorts |  | Total
Fiscal 2023 |  |  |  |  |  |  |
Total Revenues |  |  | $ | 458,394 |  |  | $ | 270,835 |  |  | $ | 729,229 |
Less: Costs and expenses |  |  |  |  |  |  |
Theatre operations |  |  | 230,770 |  |  | — |  |  | 230,770 |
Rooms |  |  | — |  |  | 41,071 |  |  | 41,071 |
Theatre concessions |  |  | 75,903 |  |  | — |  |  | 75,903 |
Food and beverage |  |  | — |  |  | 57,871 |  |  | 57,871 |
Advertising and marketing |  |  | 4,277 |  |  | 18,362 |  |  | 22,639 |
Administrative |  |  | 23,609 |  |  | 35,423 |  |  | 59,032 |
Depreciation and amortization |  |  | 48,378 |  |  | 18,569 |  |  | 66,947 |
Rent |  |  | 23,952 |  |  | 1,801 |  |  | 25,753 |
Property taxes |  |  | 12,253 |  |  | 5,583 |  |  | 17,836 |
Impairment charges |  |  | 1,061 |  |  | — |  |  | 1,061 |
Reimbursed costs |  |  | — |  |  | 37,420 |  |  | 37,420 |
Other segment items (2) |  |  | 2,015 |  |  | 37,222 |  |  | 39,237 |
Total costs and expenses |  |  | 422,218 |  |  | 253,322 |  |  | 675,540 |
Operating income |  |  | $ | 36,176 |  |  | $ | 17,513 |  |  | $ | 53,689 |
Investment income |  |  |  |  |  |  | 2,426 |
Interest expense |  |  |  |  |  |  | (12,721) |
Other income (expense), net |  |  |  |  |  |  | (1,832) |
Equity losses from unconsolidated joint ventures, net |  |  |  |  |  |  | (149) |
Corporate items (1) |  |  |  |  |  |  | (19,763) |
Net earnings before income taxes |  |  |  |  |  |  | $ | 21,650 |
| Theatres |  | Hotels/ Resorts |  | Corporate Items (1) |  | Total
Additional Disclosures |  |  |  |  |  |  |
Share-based compensation | $ | 900 |  |  | $ | 979 |  |  | $ | 4,515 |  |  | $ | 6,394 |
Assets | 696,128 |  |  | 280,568 |  |  | 88,407 |  |  | 1,065,103 |
Capital expenditures | 15,131 |  |  | 22,890 |  |  | 753 |  |  | 38,774 |
|  |  | Theatres |  | Hotels/Resorts |  | Total
Fiscal 2022 |  |  |  |  |  |  |
Total Revenues |  |  | $ | 407,741 |  |  | $ | 269,286 |  |  | $ | 677,027 |
Less: Costs and expenses |  |  |  |  |  |  |
Theatre operations |  |  | 212,410 |  |  | — |  |  | 212,410 |
Rooms |  |  | — |  |  | 41,561 |  |  | 41,561 |
Theatre concessions |  |  | 73,124 |  |  | — |  |  | 73,124 |
Food and beverage |  |  | — |  |  | 59,272 |  |  | 59,272 |
Advertising and marketing |  |  | 5,159 |  |  | 18,505 |  |  | 23,664 |
Administrative |  |  | 22,355 |  |  | 34,669 |  |  | 57,024 |
Depreciation and amortization |  |  | 47,560 |  |  | 19,160 |  |  | 66,720 |
Rent |  |  | 23,335 |  |  | 2,298 |  |  | 25,633 |
Property taxes |  |  | 11,754 |  |  | 6,052 |  |  | 17,806 |
Impairment charges |  |  | 1,525 |  |  | — |  |  | 1,525 |
Reimbursed costs |  |  | — |  |  | 33,634 |  |  | 33,634 |
Other segment items (2) |  |  | 2,411 |  |  | 35,436 |  |  | 37,847 |
Total costs and expenses |  |  | 399,633 |  |  | 250,587 |  |  | 650,220 |
Operating income |  |  | $ | 8,108 |  |  | $ | 18,699 |  |  | $ | 26,807 |
Investment income |  |  |  |  |  |  | (45) |
Interest expense |  |  |  |  |  |  | (15,299) |
Other income (expense), net |  |  |  |  |  |  | (1,060) |
Gain on sale of hotel |  |  |  |  |  |  | 6,274 |
Equity losses from unconsolidated joint ventures, net |  |  |  |  |  |  | (143) |
Corporate items (1) |  |  |  |  |  |  | (18,501) |
Net loss before income taxes |  |  |  |  |  |  | $ | (1,967) |
| Theatres |  | Hotels/ Resorts |  | Corporate Items (1) |  | Total
Additional Disclosures |  |  |  |  |  |  |
Share-based compensation | $ | 2,757 |  |  | $ | 1,045 |  |  | $ | 4,368 |  |  | $ | 8,170 |
Assets | 750,941 |  |  | 277,990 |  |  | 35,667 |  |  | 1,064,598 |
Capital expenditures | 12,087 |  |  | 24,515 |  |  | 241 |  |  | 36,843 |
(1) Corporate items include amounts not allocable to the business segments. Corporate revenues consist principally of rent and the corporate operating loss includes general corporate expenses. Corporate information technology costs and accounting shared services costs are allocated to the business segments based upon several factors, including actual usage and segment revenues. Corporate assets primarily include cash and cash equivalents, furniture, fixtures and equipment, investments and land held for development. (2) Other segment items includes losses or gains on disposition of property, equipment and other assets, preopening expenses, and other operating expenses.

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration