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General (Tables)
3 Months Ended
Mar. 31, 2025
Accounting Policies [Abstract]  
Schedule of Earnings (Loss) Per Share
The following table illustrates the computation of Common Stock basic and diluted net earnings (loss) per share, provides a reconciliation of the number of weighted-average basic and diluted shares outstanding, when applicable, and provides the weighted-average number of anti-dilutive shares excluded from the computation of diluted weighted-average shares outstanding:
Three Months Ended
March 31, 2025March 28, 2024
Net loss per share - basic:
Common Stock$(0.54)$(0.38)
Class B Common Stock$(0.50)$(0.34)
Net loss per share - diluted:
Common Stock$(0.54)$(0.38)
Class B Common Stock$(0.50)$(0.34)
Numerator:
Net loss$(16,816)$(11,866)
Denominator (in thousands):
Denominator for basic EPS31,596 31,892 
Effect of dilutive employee stock options— — 
Effect of restricted stock units— — 
Effect of convertible senior notes— — 
Diluted weighted-average shares outstanding31,596 31,892 
Weighted-average number of anti-dilutive shares excluded from denominator (in thousands):
Employee stock options1,765 2,974 
Restricted stock units64 50 
Performance stock units189 143 
Convertible senior notes— 9,331 
Total2,019 12,498 
Schedule of Stockholders Equity Activity impacting total shareholders’ equity for the three months ended March 31, 2025 and March 28, 2024 was as follows:
Common
Stock
Class B
Common
Stock
Capital
in Excess
of Par
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury
Stock
Total Shareholders’
Equity
BALANCES AT DECEMBER 26, 2024$25,237 $6,985 $177,172 $265,028 $(181)$(9,375)$464,866 
Cash dividends:
$0.064 per share Class B Common Stock
— — — (447)— — (447)
$0.07 per share Common Stock
— — — (1,733)— — (1,733)
Exercise of stock options— — — — 
Purchase of treasury stock— — — — — (7,642)(7,642)
Reissuance of treasury stock— — — — 13 14 
Issuance of non-vested stock132 — (208)— — 76 — 
Shared-based compensation— — 3,545 — — — 3,545 
Comprehensive loss— — — (16,816)(4)— (16,820)
BALANCES AT MARCH 31, 2025$25,369 $6,985 $180,511 $246,032 $(185)$(16,921)$441,791 
Common
Stock
Class B
Common
Stock
Capital
in Excess
of Par
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury
Stock
Total Shareholders’
Equity
BALANCES AT DECEMBER 28, 2023$24,692 $7,078 $160,642 $281,599 $(1,336)$(1,503)$471,172 
Cash dividends:
$0.064 per share Class B Common Stock
— — — (449)— — (449)
$0.07 per share Common Stock
— — — (1,760)— — (1,760)
Purchase of treasury stock— — — — — (301)(301)
Reissuance of treasury stock— — (3)— — 23 20 
Issuance of non-vested stock452 — (515)— — 63 — 
Shared-based compensation— — 2,514 — — — 2,514 
Conversions of Class B Common Stock93 (93)— — — — — 
Comprehensive loss— — — (11,866)(12)— (11,878)
BALANCES AT MARCH 28, 2024$25,237 $6,985 $162,638 $267,524 $(1,348)$(1,718)$459,318 
Schedule of Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive loss presented in the accompanying consolidated balance sheets consists of the following, all presented net of tax:
March 31,
2025
December 26,
2024
Net unrecognized actuarial loss for pension obligation$(185)$(181)
$(185)$(181)
Schedule of Defined Benefit Plan The components of the net periodic pension cost of the Company’s unfunded nonqualified, defined-benefit plan are as follows:
Three Months Ended
March 31, 2025March 28, 2024
Service cost$50 $62 
Interest cost464 444 
Net amortization of prior service cost and actuarial loss(6)(16)
Net periodic pension cost$508 $490 
Schedule of Disaggregation of Revenue The disaggregation of revenues by business segment for the three months ended March 31, 2025 is as follows:
Three Months Ended March 31, 2025
TheatresHotels/Resorts CorporateTotal
Theatre admissions$40,931 $— $— $40,931 
Rooms— 19,275 — 19,275 
Theatre concessions38,000 — — 38,000 
Food and beverage— 17,829 — 17,829 
Other revenues(1)
7,591 15,196 87 22,874 
  Revenue before cost reimbursements86,522 52,300 87 138,909 
Cost reimbursements835 9,022 — 9,857 
Total revenues$87,357 $61,322 $87 $148,766 
(1)Included in other revenues is an immaterial amount related to rental income that is not considered revenue from contracts with customers.
The disaggregation of revenues by business segment for the three months ended March 28, 2024 is as follows:
Three Months Ended March 28, 2024
TheatresHotels/ResortsCorporateTotal
Theatre admissions$40,596 $— $— $40,596 
Rooms— 18,213 — 18,213 
Theatre concessions34,695 — — 34,695 
Food and beverage— 16,163 — 16,163 
Other revenues(1)
5,979 13,643 80 19,702 
  Revenue before cost reimbursements81,270 48,019 80 129,369 
Cost reimbursements— 9,178 — 9,178 
Total revenues$81,270 $57,197 $80 $138,547 
(1)Included in other revenues is an immaterial amount related to rental income that is not considered revenue from contracts with customers.