General (Tables)

9 Months Ended

Sep. 29, 2016

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:

							Accumulated
			Available				Other
	Swap		for Sale		Pension		Comprehensive
	Agreements		Investments		Obligation		Loss
	(in thousands)
Balance at December 31, 2015	$	9	$	(11)	$	(5,219)	$	(5,221)
Amortization of the net actuarial loss and prior service credit		-		-		163		163
Other comprehensive loss before reclassifications		(143)		-		-		(143)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		134		-		-		134
Net other comprehensive income (loss)		(9)		-		163		154
Balance at September 29, 2016	$	-	$	(11)	$	(5,056)	$	(5,067)

							Accumulated
			Available				Other
	Swap		for Sale		Pension		Comprehensive
	Agreements		Investments		Obligation		Loss
	(in thousands)
Balance at December 25, 2014	$	116	$	(11)	$	(4,580)	$	(4,475)
Amortization of the net actuarial loss and prior service credit		-		-		199		199
Other comprehensive loss before reclassifications		(282)		-		(902)		(1,184)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		87		-		-		87
Net other comprehensive loss		(195)		-		(703)		(898)
Balance at September 24, 2015	$	(79)	$	(11)	$	(5,283)	$	(5,373)

⁽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		13 Weeks		39 Weeks		39 Weeks
	Ended		Ended		Ended		Ended
	September 29,		September 24,		September 29,		September 24,
	2016		2015		2016		2015
	(in thousands, except per share data)
Numerator:
Net earnings attributable to
The Marcus Corporation	$	14,372	$	10,871	$	29,160	$	23,125
Denominator:
Denominator for basic EPS		27,574		27,588		27,522		27,523
Effect of dilutive employee stock options		427		310		343		318
Denominator for diluted EPS		28,001		27,898		27,865		27,841
Net earnings per share - basic:
Common Stock	$	0.54	$	0.41	$	1.09	$	0.87
Class B Common Stock	$	0.49	$	0.37	$	0.99	$	0.78
Net earnings per share - diluted:
Common Stock	$	0.51	$	0.39	$	1.05	$	0.83
Class B Common Stock	$	0.48	$	0.37	$	0.98	$	0.78

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 39 weeks ended September 29, 2016 and September 24, 2015 was as follows:

	Total
	Shareholders’
	Equity
	Attributable to
	The Marcus		Noncontrolling
	Corporation		Interests
	(in thousands)
Balance at December 31, 2015	$	363,352	$	2,346
Net earnings attributable to The Marcus Corporation		29,160		–
Net loss attributable to noncontrolling interests		–		(282)
Distributions to noncontrolling interests		–		(448)
Cash dividends		(9,016)		–
Exercise of stock options		3,553		–
Treasury stock transactions, except for stock options		(5,148)		–
Share-based compensation		1,358		–
Other		39		–
Other comprehensive income, net of tax		154		–
Balance at September 29, 2016	$	383,452	$	1,616

	Total
	Shareholders’
	Equity
	Attributable to
	The Marcus		Noncontrolling
	Corporation		Interests
	(in thousands)
Balance at December 25, 2014	$	340,170	$	2,727
Net earnings attributable to The Marcus Corporation		23,125		–
Net loss attributable to noncontrolling interests		–		(453)
Distributions to noncontrolling interests		–		(505)
Cash dividends		(8,152)		–
Exercise of stock options		2,158		–
Treasury stock transactions, except for stock options		17		–
Share-based compensation		1,171		–
Other		196		–
Other comprehensive loss, net of tax		(898)		–
Balance at September 24, 2015	$	357,787	$	1,769

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		13 Weeks		39 Weeks		39 Weeks
	Ended		Ended		Ended		Ended
	September 29,		September 24,		September 29,		September 24,
	2016		2015		2016		2015
	(in thousands)
Service cost	$	216	$	197	$	648	$	553
Interest cost		351		328		1,055		955
Net amortization of prior service cost and actuarial loss		91		90		273		256
Net periodic pension cost	$	658	$	615	$	1,976	$	1,764