General (Tables)

3 Months Ended

Aug. 27, 2015

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:

	Swap Agreements		Available for Sale Investments		Pension Obligation		Accumulated Other Comprehensive Loss
	(in thousands)
Balance at May 28, 2015	$	(17)	$	(11)	$	(5,284)	$	(5,312)
Other comprehensive loss before reclassifications		(66)		-		-		(66)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		29		-		-		29
Net other comprehensive loss		(37)		-		-		(37)
Balance at August 27, 2015	$	(54)	$	(11)	$	(5,284)	$	(5,349)

	Swap Agreements		Available for Sale Investments		Pension Obligation		Accumulated Other Comprehensive Loss
	(in thousands)
Balance at May 29, 2014	$	34	$	(11)	$	(4,581)	$	(4,558)
Other comprehensive income before reclassifications		40		-		-		40
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		29		-		-		29
Net other comprehensive income		69		-		-		69
Balance at August 28, 2014	$	103	$	(11)	$	(4,581)	$	(4,489)

⁽¹⁾ Amounts are included in interest expense in the consolidated statements of earnings.

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 per share for net earnings and provides a reconciliation of the number of weighted-average basic and diluted shares outstanding:

	13 Weeks Ended August 27, 2015		13 Weeks Ended August 28, 2014
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	14,651	$	12,432
Denominator:
Denominator for basic EPS		27,573		27,347
Effect of dilutive employee stock options		309		266
Denominator for diluted EPS		27,882		27,613
Net earnings per share – basic:
Common Stock	$	0.55	$	0.47
Class B Common Stock	$	0.50	$	0.43
Net earnings per share – diluted:
Common Stock	$	0.53	$	0.45
Class B Common Stock	$	0.49	$	0.42

Components of Shareholders' Equity Activity Attributable to The Marcus Corporation and Noncontrolling Interests

Activity impacting total shareholders’ equity attributable to The Marcus Corporation and noncontrolling interests for the 13 weeks ended August 27, 2015 and August 28, 2014 was as follows:

	Total Shareholders’ Equity Attributable to The Marcus Corporation		Noncontrolling Interests
	(in thousands)
Balance at May 28, 2015	$	343,779	$	2,456
Net earnings attributable to The Marcus Corporation		14,651		–
Net loss attributable to noncontrolling interests		–		(198)
Distributions to noncontrolling interests		–		(379)
Cash dividends		(2,814)		–
Exercise of stock options		266		–
Treasury stock transactions, except for stock options		45		–
Share-based compensation		364		–
Other		44		–
Other comprehensive loss, net of tax		(37)		–
Balance at August 27, 2015	$	356,298	$	1,879

	Total Shareholders’ Equity Attributable to The Marcus Corporation		Noncontrolling Interests
	(in thousands)
Balance at May 29, 2014	$	326,211	$	3,768
Net earnings attributable to The Marcus Corporation		12,432		–
Net loss attributable to noncontrolling interests		–		(156)
Distributions to noncontrolling interests		–		(719)
Cash dividends		(2,525)		–
Exercise of stock options		1,003		–
Treasury stock transactions, except for stock options		25		–
Share-based compensation		319		–
Other		32		–
Other comprehensive income, net of tax		69		–
Balance at August 28, 2014	$	337,566	$	2,893

Schedule of Net Benefit Costs

The components of the net periodic pension cost of the Company’s unfunded nonqualified, defined-benefit plan are as follows:

	13 Weeks Ended August 27, 2015		13 Weeks Ended August 28, 2014
	(in thousands)
Service cost	$	197	$	175
Interest cost		328		311
Net amortization of prior service cost and actuarial loss		90		81
Net periodic pension cost	$	615	$	567