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v3.25.3

General (Tables) | 9 Months Ended
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Sep. 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 |  | Nine Months Ended
| September 30, 2025 |  | September 26, 2024 |  | September 30, 2025 |  | September 26, 2024
Net earnings (loss) per share - basic: |  |  |  |  |  |  |
Common Stock | $ | 0.53 |  |  | $ | 0.74 |  |  | $ | 0.22 |  |  | $ | (0.28) |
Class B Common Stock | $ | 0.49 |  |  | $ | 0.69 |  |  | $ | 0.20 |  |  | $ | (0.26) |
Net earnings (loss) per share - diluted: |  |  |  |  |  |  |
Common Stock | $ | 0.52 |  |  | $ | 0.73 |  |  | $ | 0.21 |  |  | $ | (0.28) |
Class B Common Stock | $ | 0.49 |  |  | $ | 0.69 |  |  | $ | 0.20 |  |  | $ | (0.26) |
Numerator: |  |  |  |  |  |  |
Net earnings (loss) | $ | 16,230 |  |  | $ | 23,314 |  |  | $ | 6,735 |  |  | $ | (8,773) |
Denominator (in thousands): |  |  |  |  |  |  |
Denominator for basic EPS | 31,056 |  |  | 31,953 |  |  | 31,322 |  |  | 32,002 |
Effect of dilutive employee stock options | 39 |  |  | 17 |  |  | 53 |  |  | — |
Effect of restricted stock units | 80 |  |  | 47 |  |  | 74 |  |  | — |
Effect of convertible senior notes | — |  |  | 14 |  |  | — |  |  | — |
Diluted weighted-average shares outstanding | 31,175 |  |  | 32,031 |  |  | 31,449 |  |  | 32,002 |
Weighted-average number of anti-dilutive shares excluded from denominator (in thousands): |  |  |  |  |  |  |
Employee stock options | 2,084 |  |  | 2,800 |  |  | 1,641 |  |  | 2,809 |
Restricted stock units | — |  |  | — |  |  | — |  |  | 49 |
Performance stock units | 237 |  |  | 139 |  |  | 221 |  |  | 141 |
Convertible senior notes | — |  |  | — |  |  | — |  |  | 14 |
Total | 2,321 |  |  | 2,939 |  |  | 1,862 |  |  | 3,013 |
Schedule of Stockholders Equity | Activity impacting total shareholders’ equity for the nine months ended September 30, 2025 and September 26, 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 |
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 |
Reissuance of treasury stock | — |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | 15 |  |  | 16 |
Issuance of non-vested stock | — |  |  | — |  |  | (265) |  |  | — |  |  | — |  |  | 265 |  |  | — |
Shared-based compensation | — |  |  | — |  |  | 1,441 |  |  | — |  |  | — |  |  | — |  |  | 1,441 |
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 |
Cash dividends: |  |  |  |  |  |  |  |  |  |  |  |  |
$0.073 per share Class B Common Stock | — |  |  | — |  |  | — |  |  | (510) |  |  | — |  |  | — |  |  | (510) |
$0.08 per share Common Stock | — |  |  | — |  |  | — |  |  | (1,918) |  |  | — |  |  | — |  |  | (1,918) |
Exercise of stock options | — |  |  | — |  |  | (2) |  |  | — |  |  | — |  |  | 6 |  |  | 4 |
Purchase of treasury stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,127) |  |  | (9,127) |
Reissuance of treasury stock | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | 18 |  |  | 20 |
Issuance of non-vested stock | — |  |  | — |  |  | (93) |  |  | — |  |  | — |  |  | 93 |  |  | — |
Shared-based compensation | — |  |  | — |  |  | 1,230 |  |  | — |  |  | — |  |  | — |  |  | 1,230 |
Comprehensive income | — |  |  | — |  |  | — |  |  | 16,230 |  |  | (5) |  |  | — |  |  | 16,225 |
BALANCES AT SEPTEMBER 30, 2025 | $ | 25,369 |  |  | $ | 6,985 |  |  | $ | 182,825 |  |  | $ | 265,006 |  |  | $ | (194) |  |  | $ | (25,649) |  |  | $ | 454,342 |
| 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) |
$0.07 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 |
Cash dividends: |  |  |  |  |  |  |  |  |  |  |  |  |
$0.064 per share Class B Common Stock | — |  |  | — |  |  | — |  |  | (447) |  |  | — |  |  | — |  |  | (447) |
$0.07 per share Common Stock | — |  |  | — |  |  | — |  |  | (1,749) |  |  | — |  |  | — |  |  | (1,749) |
Purchase of treasury stock | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (9,667) |  |  | (9,667) |
Reissuance of treasury stock | — |  |  | — |  |  | 6 |  |  | — |  |  | — |  |  | 16 |  |  | 22 |
Issuance of non-vested stock | — |  |  | — |  |  | (52) |  |  | — |  |  | — |  |  | 52 |  |  | — |
Shared-based compensation | — |  |  | — |  |  | 2,225 |  |  | — |  |  | — |  |  | — |  |  | 2,225 |
Convertible senior note repurchase | — |  |  | — |  |  | (5,472) |  |  | — |  |  | — |  |  | — |  |  | (5,472) |
Capped call unwind | — |  |  | — |  |  | 4,652 |  |  | — |  |  | — |  |  | — |  |  | 4,652 |
Comprehensive income (loss) | — |  |  | — |  |  | — |  |  | 23,314 |  |  | (12) |  |  | — |  |  | 23,302 |
BALANCES AT SEPTEMBER 26, 2024 | $ | 25,237 |  |  | $ | 6,985 |  |  | $ | 176,198 |  |  | $ | 266,211 |  |  | $ | (1,371) |  |  | $ | (10,968) |  |  | $ | 462,292 |
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:
| September 30, 2025 |  | December 26, 2024
Net unrecognized actuarial loss for pension obligation | $ | (194) |  |  | $ | (181) |
| $ | (194) |  |  | $ | (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 |  | Nine Months Ended
| September 30, 2025 |  | September 26, 2024 |  | September 30, 2025 |  | September 26, 2024
Service cost | $ | 51 |  |  | $ | 62 |  |  | $ | 151 |  |  | $ | 186 |
Interest cost | 463 |  |  | 445 |  |  | 1,390 |  |  | 1,334 |
Net amortization of prior service cost and actuarial loss | (6) |  |  | (16) |  |  | (17) |  |  | (48) |
Net periodic pension cost | $ | 508 |  |  | $ | 491 |  |  | $ | 1,524 |  |  | $ | 1,472 |
Schedule of Disaggregation of Revenue | The disaggregation of revenues by business segment for the three and nine months ended September 30, 2025 is as follows:
| Three Months Ended September 30, 2025
| Theatres |  | Hotels/Resorts |  | Corporate |  | Total
Theatre admissions | $ | 57,714 |  |  | $ | — |  |  | $ | — |  |  | $ | 57,714 |
Rooms | — |  |  | 39,875 |  |  | — |  |  | 39,875 |
Theatre concessions | 51,244 |  |  | — |  |  | — |  |  | 51,244 |
Food and beverage | — |  |  | 24,137 |  |  | — |  |  | 24,137 |
Other revenues(1) | 10,145 |  |  | 16,320 |  |  | 81 |  |  | 26,546 |
Revenue before cost reimbursements | 119,103 |  |  | 80,332 |  |  | 81 |  |  | 199,516 |
Cost reimbursements | 838 |  |  | 9,797 |  |  | — |  |  | 10,635 |
Total revenues | $ | 119,941 |  |  | $ | 90,129 |  |  | $ | 81 |  |  | $ | 210,151 |
| Nine Months Ended September 30, 2025
| Theatres |  | Hotels/Resorts |  | Corporate |  | Total
Theatre admissions | $ | 160,993 |  |  | $ | — |  |  | $ | — |  |  | $ | 160,993 |
Rooms | — |  |  | 88,782 |  |  | — |  |  | 88,782 |
Theatre concessions | 146,855 |  |  | — |  |  | — |  |  | 146,855 |
Food and beverage | — |  |  | 63,257 |  |  | — |  |  | 63,257 |
Other revenues(1) | 28,781 |  |  | 45,150 |  |  | 279 |  |  | 74,210 |
Revenue before cost reimbursements | 336,629 |  |  | 197,189 |  |  | 279 |  |  | 534,097 |
Cost reimbursements | 2,319 |  |  | 28,544 |  |  | — |  |  | 30,863 |
Total revenues | $ | 338,948 |  |  | $ | 225,733 |  |  | $ | 279 |  |  | $ | 564,960 |
(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 nine months ended September 26, 2024 is as follows:
| Three Months Ended September 26, 2024
| Theatres |  | Hotels/Resorts |  | Corporate |  | Total
Theatre admissions | $ | 68,980 |  |  | $ | — |  |  | $ | — |  |  | $ | 68,980 |
Rooms | — |  |  | 40,019 |  |  | — |  |  | 40,019 |
Theatre concessions | 62,118 |  |  | — |  |  | — |  |  | 62,118 |
Food and beverage | — |  |  | 22,283 |  |  | — |  |  | 22,283 |
Other revenues(1) | 12,090 |  |  | 16,699 |  |  | 87 |  |  | 28,876 |
Revenue before cost reimbursements | 143,188 |  |  | 79,001 |  |  | 87 |  |  | 222,276 |
Cost reimbursements | 655 |  |  | 9,737 |  |  | — |  |  | 10,392 |
Total revenues | $ | 143,843 |  |  | $ | 88,738 |  |  | $ | 87 |  |  | $ | 232,668 |
| Nine Months Ended September 26, 2024
| Theatres |  | Hotels/Resorts |  | Corporate |  | Total
Theatre admissions | $ | 158,156 |  |  | $ | — |  |  | $ | — |  |  | $ | 158,156 |
Rooms | — |  |  | 88,728 |  |  | — |  |  | 88,728 |
Theatre concessions | 141,230 |  |  | — |  |  | — |  |  | 141,230 |
Food and beverage | — |  |  | 57,718 |  |  | — |  |  | 57,718 |
Other revenues(1) | 26,524 |  |  | 44,338 |  |  | 250 |  |  | 71,112 |
Revenue before cost reimbursements | 325,910 |  |  | 190,784 |  |  | 250 |  |  | 516,944 |
Cost reimbursements | 655 |  |  | 29,648 |  |  | — |  |  | 30,303 |
Total revenues | $ | 326,565 |  |  | $ | 220,432 |  |  | $ | 250 |  |  | $ | 547,247 |
(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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