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General (Tables)

6 Months Ended

Jun. 30, 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												Six Months Ended
			June 30, 2025						June 27, 2024						June 30, 2025						June 27, 2024
Net earnings (loss) per share - basic:
Common Stock			$	0.24					$	(0.64)					$	(0.31)					$	(1.03)
Class B Common Stock			$	0.22					$	(0.58)					$	(0.28)					$	(0.92)
Net earnings (loss) per share - diluted:
Common Stock			$	0.23					$	(0.64)					$	(0.31)					$	(1.03)
Class B Common Stock			$	0.22					$	(0.58)					$	(0.28)					$	(0.92)
Numerator:
Net earnings (loss)			$	7,321					$	(20,221)					$	(9,495)					$	(32,087)
Denominator (in thousands):
Denominator for basic EPS			31,304						32,161						31,453						32,027
Effect of dilutive employee stock options			47						—						—						—
Effect of restricted stock units			80						—						—						—
Effect of convertible senior notes			—						—						—						—
Diluted weighted-average shares outstanding			31,431						32,161						31,453						32,027
Weighted-average number of anti-dilutive shares excluded from denominator (in thousands):
Employee stock options			2,215						3,146						1,829						2,934
Restricted stock units			—						50						72						50
Performance stock units			238						143						213						143
Convertible senior notes			—						6,719						—						8,009
Total			2,452						10,058						2,114						11,136

Schedule of Stockholders Equity

Activity impacting total shareholders’ equity for the six months ended June 30, 2025 and June 27, 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			—						—						1						—						—						7						8
Purchase of treasury stock			—						—						—						—						—						(7,642)						(7,642)
Reissuance of treasury stock			—						—						1						—						—						13						14
Issuance of non-vested stock			132						—						(208)						—						—						76						—
Shared-based compensation			—						—						3,545						—						—						—						3,545
Other			—						—						—						—						—						—						—
Conversions of Class B Common Stock			—						—						—						—						—						—						—
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
Cash dividends:
$0.064 per share Class B Common Stock			—						—						—						(447)						—						—						(447)
$0.07 per share Common Stock			—						—						—						(1,702)						—						—						(1,702)
Exercise of stock options			—						—						—						—						—						2						2
Purchase of treasury stock			—						—						—						—						—						—						—
Reissuance of treasury stock			—						—						1						—						—						15						16
Issuance of non-vested stock			—						—						(265)						—						—						265						—
Shared-based compensation			—						—						1,441						—						—						—						1,441
Other			—						—						—						—						—						—						—
Conversions of Class B Common Stock			—						—						—						—						—						—						—
Comprehensive loss			—						—						—						7,321						(4)						—						7,317
BALANCES AT JUNE 30, 2025			$	25,369					$	6,985					$	181,688					$	251,204					$	(189)					$	(16,639)					$	448,418

			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 stock			452						—						(515)						—						—						63						—
Shared-based compensation			—						—						2,514						—						—						—						2,514
Conversions of Class B Common Stock			93						(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
Cash dividends:
$0.064 per share Class B Common Stock			—						—						—						(447)						—						—						(447)
$0.070 per share Common Stock			—						—						—						(1,763)						—						—						(1,763)
Reissuance of treasury stock			—						—						(7)						—						—						23						16
Issuance of non-vested stock			—						—						(326)						—						—						326						—
Shared-based compensation			—						—						2,418						—						—						—						2,418
Convertible senior note repurchase			—						—						(2,788)						—						—						—						(2,788)
Capped call unwind			—						—						12,904						—						—						—						12,904
Comprehensive loss			—						—						—						(20,221)						(11)						—						(20,232)
BALANCES AT JUNE 27, 2024			$	25,237					$	6,985					$	174,839					$	245,093					$	(1,359)					$	(1,369)					$	449,426

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:

			June 30, 2025						December 26, 2024
Net unrecognized actuarial loss for pension obligation			$	(189)					$	(181)
			$	(189)					$	(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												Six Months Ended
			June 30, 2025						June 27, 2024						June 30, 2025						June 27, 2024
Service cost			$	50					$	62					$	100					$	124
Interest cost			463						445						927						889
Net amortization of prior service cost and actuarial loss			(5)						(16)						(11)						(32)
Net periodic pension cost			$	508					$	491					$	1,016					$	981

Schedule of Disaggregation of Revenue

The disaggregation of revenues by business segment for the three and six months ended June 30, 2025 is as follows:

			Three Months Ended June 30, 2025
			Theatres						Hotels/Resorts						Corporate						Total
Theatre admissions			$	62,348					$	—					$	—					$	62,348
Rooms			—						29,632						—						29,632
Theatre concessions			57,611						—						—						57,611
Food and beverage			—						21,291						—						21,291
Other revenues(1)			11,045						13,634						111						24,790
Revenue before cost reimbursements			131,004						64,557						111						195,672
Cost reimbursements			646						9,725						—						10,371
Total revenues			$	131,650					$	74,282					$	111					$	206,043
			Six Months Ended June 30, 2025
			Theatres						Hotels/Resorts						Corporate						Total
Theatre admissions			$	103,279					$	—					$	—					$	103,279
Rooms			—						48,907						—						48,907
Theatre concessions			95,611						—						—						95,611
Food and beverage			—						39,120						—						39,120
Other revenues(1)			18,636						28,830						198						47,664
Revenue before cost reimbursements			217,526						116,857						198						334,581
Cost reimbursements			1,481						18,747						—						20,228
Total revenues			$	219,007					$	135,604					$	198					$	354,809

(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 and six months ended June 27, 2024 is as follows:

			Three Months Ended June 27, 2024
			Theatres						Hotels/Resorts						Corporate						Total
Theatre admissions			$	48,580					$	—					$	—					$	48,580
Rooms			—						30,496						—						30,496
Theatre concessions			44,417						—						—						44,417
Food and beverage			—						19,272						—						19,272
Other revenues(1)			8,455						13,996						83						22,534
Revenue before cost reimbursements			101,452						63,764						83						165,299
Cost reimbursements			—						10,733						—						10,733
Total revenues			$	101,452					$	74,497					$	83					$	176,032
			Six Months Ended June 27, 2024
			Theatres						Hotels/Resorts						Corporate						Total
Theatre admissions			$	89,176					$	—					$	—					$	89,176
Rooms			—						48,709						—						48,709
Theatre concessions			79,112						—						—						79,112
Food and beverage			—						35,435						—						35,435
Other revenues(1)			14,434						27,639						163						42,236
Revenue before cost reimbursements			182,722						111,783						163						294,668
Cost reimbursements			—						19,911						—						19,911
Total revenues			$	182,722					$	131,694					$	163					$	314,579

(1)Included in other revenues is an immaterial amount related to rental income that is not considered revenue from contracts with customers.

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