General (Tables)

3 Months Ended

Aug. 28, 2014

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 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)

	Swap Agreements		Available for Sale Investments		Pension Obligation		Accumulated Other Comprehensive Loss
	(in thousands)
Balance at May 30, 2013	$	18	$	(10)	$	(3,836)	$	(3,828)
Other comprehensive income (loss) before reclassifications		241		(1)		-		240
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		27		-		-		27
Net other comprehensive income (loss)		268		(1)		-		267
Balance at August 29, 2013	$	286	$	(11)	$	(3,836)	$	(3,561)

⁽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 28, 2014		13 Weeks Ended August 29, 2013
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	12,432	$	13,431
Denominator:
Denominator for basic EPS		27,347		27,071
Effect of dilutive employee stock options		266		23
Denominator for diluted EPS		27,613		27,094
Net earnings per share – basic:
Common Stock	$	0.47	$	0.51
Class B Common Stock	$	0.43	$	0.47
Net earnings per share – diluted:
Common Stock	$	0.45	$	0.50
Class B Common Stock	$	0.42	$	0.46

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 28, 2014 and August 29, 2013 was as follows:

	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

	Total Shareholders’ Equity Attributable to The Marcus Corporation		Noncontrolling Interests
	(in thousands)
Balance at May 30, 2013	$	306,702	$	9,994
Net earnings attributable to The Marcus Corporation		13,431		–
Net loss attributable to noncontrolling interests		–		(585)
Distributions to noncontrolling interests		–		(1,060)
Cash dividends		(2,233)		–
Exercise of stock options		261		–
Treasury stock transactions, except for stock options		(554)		–
Share-based compensation		386		–
Other comprehensive income, net of tax		267		–
Balance at August 29, 2013	$	318,260	$	8,349

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 28, 2014		13 Weeks Ended August 29, 2013
	(in thousands)
Service cost	$	175	$	176
Interest cost		311		293
Net amortization of prior service cost and actuarial loss		81		67
Net periodic pension cost	$	567	$	536