Income Taxes (Tables)

12 Months Ended

Dec. 29, 2022

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities

The components of the net deferred tax liability are as follows:

	December 29, 2022		December 30, 2021
Deferred tax assets
Accrued employee benefits	$	14,133	$	17,669
Operating lease liabilities	54,767		59,622
Gift card liabilities	6,575		7,318
Net operating loss, disallowed interest & tax credit carryforwards	28,273		24,166
Other	3,791		6,876
Total	107,539		115,651
Less valuation allowance	(12,371)		(2,415)
Deferred tax assets	95,168		113,236
Deferred tax liabilities
Depreciation and amortization	(70,849)		(73,898)
Operating lease assets	(50,886)		(55,489)
Deferred tax liabilities	(121,735)		(129,387)
Net deferred tax liability	$	(26,567)	$	(16,151)
Amounts recognized in the consolidated balance sheets consist of:
Deferred income taxes - other assets	$	—	$	10,032
Deferred income taxes - liabilities	(26,567)		(26,183)
Net amount recognized	$	(26,567)	$	(16,151)

Schedule of Components of Income Tax Expense (Benefit)

Income tax expense (benefit) consists of the following:

	Year Ended
	December 29, 2022		December 30, 2021		December 31, 2020
Current:
Federal	$	(452)	$	13	$	(32,626)
State	556		129		526
Deferred:
Federal	(3,222)		(12,629)		(24,751)
State	10,255		(3,214)		(14,085)
	$	7,137	$	(15,701)	$	(70,936)

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory federal tax rate to the effective tax rate on earnings attributable to The Marcus Corporation follows:

	Year Ended
	December 29, 2022		December 30, 2021		December 31, 2020
Statutory federal tax rate	21.0	%	21.0	%	21.0	%
Tax benefit from CARES Act and accounting method changes	—		—		10.3
State income taxes, net of federal income tax benefit	4.3		6.7		5.0
Tax credits, net of federal income tax benefit	22.9		1.6		0.2
Valuation allowance	(205.9)		(4.1)		—
Federal income tax benefit on state valuation allowance	53.7		—		—
Excess tax benefits on share-based compensation	(22.1)		(0.6)		(0.2)
Other compensation and benefits	(15.6)		(0.7)		—
Meals and entertainment	(4.1)		(0.4)		—
Other	(1.8)		3.1		(0.1)
	(147.6)	%	26.6	%	36.2	%