General (Tables)

3 Months Ended

Mar. 31, 2016

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 March 31, 2016 and March 26, 2015 was as follows:

	Total Shareholders’ Equity Attributable to The Marcus Corporation		Noncontrolling Interests
	(in thousands)
Balance at December 31, 2015	$	363,352	$	2,346
Net earnings attributable to The Marcus Corporation		5,452		–
Net loss attributable to noncontrolling interests		–		(172)
Distributions to noncontrolling interests		–		(312)
Cash dividends		(2,997)		–
Exercise of stock options		125		–
Treasury stock transactions, except for stock options		(3,688)		–
Share-based compensation		434		–
Other		7		–
Other comprehensive loss, net of tax		(95)		–
Balance at March 31, 2016	$	362,590	$	1,862

	Total Shareholders’ Equity Attributable to The Marcus Corporation		Noncontrolling Interests
	(in thousands)
Balance at December 25, 2014	$	340,170	$	2,727
Net earnings attributable to The Marcus Corporation		3,237		–
Net earnings attributable to noncontrolling interests		–		(191)
Cash dividends		(2,530)		–
Exercise of stock options		1,055		–
Treasury stock transactions, except for stock options		224		–
Share-based compensation		365		–
Other		68		–
Other comprehensive income, net of tax		(106)		–
Balance at March 26, 2015	$	342,483	$	2,536

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 March 31, 2016		13 Weeks Ended March 26, 2015
	(in thousands)
Service cost	$	216	$	174
Interest cost		352		311
Net amortization of prior service cost and actuarial loss		91		82
Net periodic pension cost	$	659	$	567

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 March 31, 2016		13 Weeks Ended March 26, 2015
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	5,452	$	3,237
Denominator:
Denominator for basic EPS		27,494		27,444
Effect of dilutive employee stock options		265		309
Denominator for diluted EPS		27,759		27,753
Net earnings per share – basic:
Common Stock	$	0.20	$	0.12
Class B Common Stock	$	0.19	$	0.11
Net earnings per share – diluted:
Common Stock	$	0.20	$	0.12
Class B Common Stock	$	0.19	$	0.11

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 December 31, 2015	$	9	$	(11)	$	(5,219)	$	(5,221)
Other comprehensive loss before reclassifications		(115)		-		-		(115)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		20		-		-		20
Net other comprehensive loss		(95)		-		-		(95)
Balance at March 31, 2016	$	(86)	$	(11)	$	(5,219)	$	(5,316)

	Swap Agreements		Available for Sale Investments		Pension Obligation		Accumulated Other Comprehensive Loss
	(in thousands)
Balance at December 25, 2014	$	116	$	(11)	$	(4,580)	$	(4,475)
Other comprehensive loss before reclassifications		(136)		-		-		(136)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		30		-		-		30
Net other comprehensive loss		(106)		-		-		(106)
Balance at March 26, 2015	$	10	$	(11)	$	(4,580)	$	(4,581)

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