General (Tables)

6 Months Ended

Nov. 27, 2014

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Loss - Accumulated other comprehensive loss presented in the accompanying consolidated balance sheets consists of the following, all presented net of tax:

							Accumulated
			Available for				Other
	Swap		Sale		Pension		Comprehensive
	Agreements		Investments		Obligation		Loss
	(in thousands)
Balance at May 29, 2014	$	34	$	(11)	$	(4,581)	$	(4,558)
Other comprehensive loss before reclassifications		(55)		-		-		(55)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		59		-		-		59
Net other comprehensive income		4		-		-		4
Balance at November 27, 2014	$	38	$	(11)	$	(4,581)	$	(4,554)

							Accumulated
			Available for				Other
	Swap		Sale		Pension		Comprehensive
	Agreements		Investments		Obligation		Loss
	(in thousands)
Balance at May 30, 2013	$	18	$	(10)	$	(3,836)	$	(3,828)
Other comprehensive loss before reclassifications		(53)		(1)		-		(54)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		57		-		-		57
Net other comprehensive income (loss)		4		(1)		-		3
Balance at November 28, 2013	$	22	$	(11)	$	(3,836)	$	(3,825)

⁽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		26 Weeks		26 Weeks
	Ended		Ended		Ended		Ended
	November 27,		November 28,		November 27,		November 28,
	2014		2013		2014		2013
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	5,223	$	3,245	$	17,655	$	16,676
Denominator:
Denominator for basic EPS		27,400		27,059		27,374		27,065
Effect of dilutive employee stock options		168		71		215		43
Denominator for diluted EPS		27,568		27,130		27,589		27,108
Net earnings per share – basic:
Common Stock	$	0.20	$	0.12	$	0.67	$	0.64
Class B Common Stock	$	0.18	$	0.11	$	0.60	$	0.58
Net earnings per share – diluted:
Common Stock	$	0.19	$	0.12	$	0.64	$	0.62
Class B Common Stock	$	0.18	$	0.11	$	0.60	$	0.58

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

Equity – Activity impacting total shareholders’ equity attributable to The Marcus Corporation and noncontrolling interests for the 26 weeks ended November 27, 2014 and November 28, 2013 was as follows:

	Total
	Shareholders’
	Equity
	Attributable to
	The Marcus		Noncontrolling
	Corporation		Interests
	(in thousands)
Balance at May 29, 2014	$	326,211	$	3,768
Net earnings attributable to The Marcus Corporation		17,655		–
Net earnings attributable to noncontrolling interests		–		12
Distributions to noncontrolling interests		–		(958)
Cash dividends		(5,052)		–
Exercise of stock options		1,095		–
Treasury stock transactions, except for stock options		173		–
Share-based compensation		683		–
Other		47		–
Other comprehensive income, net of tax		4		–
Balance at November 27, 2014	$	340,816	$	2,822

	Total
	Shareholders’
	Equity
	Attributable to
	The Marcus		Noncontrolling
	Corporation		Interests
	(in thousands)
Balance at May 30, 2013	$	306,702	$	9,994
Net earnings attributable to The Marcus Corporation		16,676		–
Net loss attributable to noncontrolling interests		–		(348)
Distributions to noncontrolling interests		–		(1,059)
Cash dividends		(4,466)		–
Exercise of stock options		744		–
Treasury stock transactions, except for stock options		(1,035)		–
Share-based compensation		1,036		–
Other		85		–
Other comprehensive income, net of tax		3		–
Balance at November 28, 2013	$	319,745	$	8,587

Schedule of Net Benefit Costs

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

	13 Weeks		13 Weeks		26 Weeks		26 Weeks
	Ended		Ended		Ended		Ended
	November 27,		November 28,		November 27,		November 28,
	2014		2013		2014		2013
	(in thousands)
Service cost	$	174	$	175	$	349	$	351
Interest cost		311		294		622		587
Net amortization of prior service cost and actuarial loss		81		67		162		134
Net periodic pension cost	$	566	$	536	$	1,133	$	1,072