XML 24 R14.htm IDEA: XBRL DOCUMENT v3.25.3
Business Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Business Segment Information 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 the three and nine months ended September 30, 2025 and September 26, 2024:
Three Months Ended September 30, 2025Three Months Ended September 26, 2024
TheatresHotels/ResortsTotalTheatresHotels/ResortsTotal
Total Revenues$119,941 $90,129 $210,070 $143,843 $88,738 $232,581 
Less: Costs and expenses
Theatre operations59,327 — 59,327 68,460 — 68,460 
Rooms— 12,102 12,102 — 12,300 12,300 
Theatre concessions20,962 — 20,962 24,062 — 24,062 
Food and beverage— 17,280 17,280 — 16,084 16,084 
Advertising and marketing1,778 5,348 7,126 1,383 5,227 6,610 
Administrative6,153 11,345 17,498 6,370 11,056 17,426 
Depreciation and amortization10,155 6,285 16,440 11,347 5,789 17,136 
Rent5,731 464 6,195 6,003 509 6,512 
Property taxes2,369 1,492 3,861 2,978 1,448 4,426 
Reimbursed costs838 9,797 10,635 655 9,737 10,392 
Other segment items (1)
297 9,660 9,957 824 9,547 10,371 
Total costs and expenses107,610 73,773 181,383 122,082 71,697 193,779 
Operating income$12,331 $16,356 $28,687 $21,761 $17,041 $38,802 
Investment income (loss)(19)809 
Interest expense(2,766)(3,062)
Other income (expense), net4,187 (390)
Debt conversion expense— (1,410)
Equity earnings (losses) from unconsolidated joint ventures, net57 (9)
Corporate items (2)
(5,956)(6,020)
Net earnings before income taxes$24,190 $28,720 
Three Months Ended September 30, 2025Three Months Ended September 26, 2024
TheatresHotels/
Resorts
Corporate
Items (2)
TotalTheatresHotels/
Resorts
Corporate
Items (2)
Total
Additional Disclosures
Share-based compensation$178 $278 $774 $1,230 $159 $255 $1,811 $2,225 
Capital expenditures7,948 12,895 51 20,894 4,940 9,586 3,961 18,487 
Assets616,261 337,757 50,280 1,004,298 657,119 314,689 75,151 1,046,959 
Nine Months Ended September 30, 2025Nine Months Ended September 26, 2024
TheatresHotels/ResortsTotalTheatresHotels/ResortsTotal
Total Revenues$338,948 $225,733 $564,681 $326,565 $220,432 $546,997 
Less: Costs and expenses
Theatre operations173,169 — 173,169 165,563 — 165,563 
Rooms— 33,094 33,094 — 32,875 32,875 
Theatre concessions61,750 — 61,750 57,463 — 57,463 
Food and beverage— 47,565 47,565 — 45,027 45,027 
Advertising and marketing4,716 14,216 18,932 3,997 14,341 18,338 
Administrative17,930 33,424 51,354 17,761 31,762 49,523 
Depreciation and amortization31,316 19,767 51,083 33,900 15,701 49,601 
Rent17,166 1,392 18,558 17,654 1,465 19,119 
Property taxes8,107 4,416 12,523 7,760 4,230 11,990 
Impairment charges— — — 472 — 472 
Reimbursed costs2,319 28,544 30,863 655 29,648 30,303 
Other segment items (1)
725 28,809 29,534 2,537 27,387 29,924 
Total costs and expenses317,198 211,227 528,425 307,762 202,436 510,198 
Operating income$21,750 $14,506 $36,256 $18,803 $17,996 $36,799 
Investment income464 1,674 
Interest expense(8,569)(8,160)
Other income (expense), net3,300 (1,121)
Debt conversion expense— (15,318)
Equity losses from unconsolidated joint ventures, net(438)(446)
Corporate items (2)
(20,930)(18,445)
Net loss before income taxes$10,083 $(5,017)
Nine Months Ended September 30, 2025Nine Months Ended September 26, 2024
TheatresHotels/
Resorts
Corporate
Items (2)
TotalTheatresHotels/
Resorts
Corporate
Items (2)
Total
Additional Disclosures
Share-based compensation$861 $874 $4,481 $6,216 $763 $796 $5,598 $7,157 
Capital expenditures18,372 39,516 2,921 60,809 11,421 36,588 5,761 53,770 
Assets616,261 337,757 50,280 1,004,298 657,119 314,689 75,151 1,046,959 
(1) Other segment items includes losses or gains on disposition of property, equipment and other assets, preopening expenses, and other operating expenses.
(2) 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.