Description of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 30, 2021

Accounting Policies [Abstract]

Schedule Of Depreciation And Amortization Of Property And Equipment

Depreciation and amortization of property and equipment are provided using the straight-line method over the shorter of the following estimated useful lives or any related lease terms:

	Years
Land improvements	10 - 20
Buildings and improvements	12 - 39
Leasehold improvements	3 - 40
Furniture, fixtures and equipment	2 - 20
Finance lease right-of-use assets	4 - 15

Schedule of Goodwill

A summary of the Company’s goodwill activity is as follows:

	December 30, 2021		December 31, 2020		December 26, 2019
Balance at beginning of period	$	75,188	$	75,282	$	43,170
Acquisition	—		—		32,205
Sale	—		—		—
Deferred tax adjustment	(93)		(94)		(93)
Balance at end of period	$	75,095	$	75,188	$	75,282

Schedule of Earnings Per Share, Basic and Diluted

The following table illustrates the computation of Common Stock and Class B Common Stock basic and diluted net earnings (loss) per share and provides a reconciliation of the number of weighted-average basic and diluted shares outstanding:

	Year Ended
	December 30, 2021		December 31, 2020		December 26, 2019
Numerator:
Net earnings (loss) attributable to The Marcus Corporation	$	(43,293)	$	(124,843)	$	42,017
Denominator:
Denominator for basic EPS	31,360		31,042		30,656
Effect of dilutive employee stock options	—		—		496
Denominator for diluted EPS	31,360		31,042		31,152
Net earnings (loss) per share – Basic:
Common Stock	$	(1.42)	$	(4.13)	$	1.44
Class B Common Stock	$	(1.25)	$	(3.74)	$	1.25
Net earnings (loss) per share- Diluted:
Common Stock	$	(1.42)	$	(4.13)	$	1.35
Class B Common Stock	$	(1.25)	$	(3.74)	$	1.24

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:

	December 30, 2021		December 31, 2020
Unrecognized loss on interest rate swap agreements	$	(509)	(1,086)
Net unrecognized actuarial loss for pension obligation	(10,935)		(13,847)
	$	(11,444)	$	(14,933)

Schedule of One-time Cumulative Effect Adjustment to Balance Sheet

The Company recorded a one-time cumulative effect adjustment to the balance sheet on January 1, 2021 as follows:

	Balance at December 31, 2020		Cumulative adjustment		Balance at January 1, 2021
Long-term debt	$	193,036	$	21,393	$	214,429
Deferred income taxes	33,429		(5,584)		27,845
Capital in excess of par	153,529		(16,511)		137,018
Retained earnings	331,897		702		332,599