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

12 Months Ended

Dec. 26, 2019

Description of Business and Summary of Significant Accounting Policies

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	3	-	20
Finance lease right-of-use assets	4	-	15

Schedule of Goodwill

A summary of the Company’s goodwill activity is as follows:

	December 26,		December 27,		December 28,
	2019		2018		2017
	(in thousands)
Balance at beginning of period	$	43,170	$	43,492	$	43,735
Acquisition		32,205		—		—
Sale		—		—		(105)
Deferred tax adjustment		(93)		(322)		(138)
Balance at end of period	$	75,282	$	43,170	$	43,492

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 and provides a reconciliation of the number of weighted-average basic and diluted shares outstanding:

	Year Ended
	December 26,		December 27,		December 28,
	2019		2018		2017
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	42,017	$	53,391	$	64,996
Denominator:
Denominator for basic EPS		30,656		28,105		27,789
Effect of dilutive employee stock options		496		608		614
Denominator for diluted EPS		31,152		28,713		28,403
Net earnings per share – Basic:
Common Stock	$	1.44	$	1.96	$	2.42
Class B Common Stock	$	1.25	$	1.75	$	2.17
Net earnings per share- Diluted:
Common Stock	$	1.35	$	1.86	$	2.29
Class B Common Stock	$	1.24	$	1.72	$	2.13

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 26, 2019		December 27, 2018
	(in thousands)
Unrecognized loss on interest rate swap agreements	$	(882)		(149)
Net unrecognized actuarial loss for pension obligation		(11,766)		(6,609)
	$	(12,648)	$	(6,758)