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

12 Months Ended

Dec. 29, 2022

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 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 29, 2022		December 30, 2021		December 31, 2020

Numerator:
Net loss attributable to The Marcus Corporation	$	(11,972)	$	(43,293)	$	(124,843)

Denominator (in thousands):
Denominator for basic EPS	31,488		31,360		31,042
Effect of dilutive employee stock options	—		—		—
Effect of convertible notes	—		—		—
Denominator for diluted EPS	31,488		31,360		31,042

Net loss per share – Basic:
Common Stock	$	(0.39)	$	(1.42)	$	(4.13)
Class B Common Stock	$	(0.35)	$	(1.25)	$	(3.74)
Net loss per share- Diluted:
Common Stock	$	(0.39)	$	(1.42)	$	(4.13)
Class B Common Stock	$	(0.35)	$	(1.25)	$	(3.74)

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 29, 2022		December 30, 2021

Unrecognized gain (loss) on interest rate swap agreements	$	80	(509)
Net unrecognized actuarial loss for pension obligation	(1,774)		(10,935)
	$	(1,694)	$	(11,444)

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		Cumulative		Balance at
	December 31, 2020		adjustment		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