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Income Taxes (Tables)

12 Months Ended

Dec. 26, 2024

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax liability are as follows:

			December 26, 2024						December 28, 2023
Deferred tax assets
Accrued employee benefits			$	13,171					$	13,653
Operating lease liabilities			47,121						50,601
Gift card liabilities			6,030						6,490
Net operating loss, disallowed interest & tax credit carryforwards			18,784						21,069
Other			130						2,378
Total			85,236						94,191
Less valuation allowance			(3,583)						(11,338)
Deferred tax assets			81,653						82,853
Deferred tax liabilities
Depreciation and amortization			(68,767)						(68,164)
Operating lease assets			(41,549)						(46,924)
Deferred tax liabilities			(110,316)						(115,088)
Net deferred tax liability			$	(28,663)					$	(32,235)
Amounts recognized in the consolidated balance sheets consist of:
Deferred income taxes - other assets			$	3,956					$	—
Deferred income taxes - liabilities			(32,619)						(32,235)
Net amount recognized			$	(28,663)					$	(32,235)

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

			Year Ended
			December 26, 2024						December 28, 2023						December 29, 2022
Current:
Federal			$	846					$	603					$	(452)
State			713						692						556
Deferred:
Federal			2,833						3,900						(3,222)
State			(6,814)						1,661						10,255
			$	(2,422)					$	6,856					$	7,137

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal tax rate to the effective tax rate on earnings attributable to The Marcus Corporation follows:

			Year Ended
			December 26, 2024						December 28, 2023						December 29, 2022
Statutory federal tax rate			21.0		%				21.0		%				21.0		%
State income taxes, net of federal income tax benefit			(7.4)						11.4						4.3
Tax credits, net of federal income tax benefit			12.7						(5.6)						22.9
Valuation allowance			76.0						(4.8)						(205.9)
Federal income tax benefit on state valuation allowance			(16.0)						1.0						53.7
Excess tax benefits on share-based compensation			(3.3)						2.8						(22.1)
Other compensation and benefits			(17.5)						5.4						(15.6)
Meals and entertainment			(2.6)						1.1						(4.1)
Debt conversion			(38.1)						—						—
Other			(1.1)						(0.6)						(1.8)
			23.7		%				31.7		%				(147.6)		%

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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-Topic 740
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-Section 50
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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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