General (Tables)

9 Months Ended

Feb. 26, 2015

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		(75)		-		-		(75)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		89		-		-		89
Net other comprehensive income		14		-		-		14
Balance at February 26, 2015	$	48	$	(11)	$	(4,581)	$	(4,544)

	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 loss before reclassifications		(50)		(1)		-		(51)
Amounts reclassified from accumulated other comprehensive loss ⁽¹⁾		87		-		-		87
Net other comprehensive income (loss)		37		(1)		-		36
Balance at February 27, 2014	$	55	$	(11)	$	(3,836)	$	(3,792)

⁽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 February 26, 2015		13 Weeks Ended February 27, 2014		39 Weeks Ended February 26, 2015		39 Weeks Ended February 27, 2014
	(in thousands, except per share data)
Numerator:
Net earnings attributable to The Marcus Corporation	$	3,091	$	4,071	$	20,746	$	20,747
Denominator:
Denominator for basic EPS		27,422		26,986		27,390		27,039
Effect of dilutive employee stock options		268		50		233		44
Denominator for diluted EPS		27,690		27,036		27,623		27,083
Net earnings per share – basic:
Common Stock	$	0.12	$	0.16	$	0.78	$	0.79
Class B Common Stock	$	0.11	$	0.14	$	0.71	$	0.72
Net earnings per share – diluted:
Common Stock	$	0.11	$	0.15	$	0.75	$	0.77
Class B Common Stock	$	0.11	$	0.14	$	0.70	$	0.72

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 39 weeks ended February 26, 2015 and February 27, 2014 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		20,746		–
Net loss attributable to noncontrolling interests		–		(245)
Distributions to noncontrolling interests		–		(959)
Cash dividends		(7,582)		–
Exercise of stock options		1,922		–
Treasury stock transactions, except for stock options		(306)		–
Share-based compensation		1,048		–
Other		68		–
Other comprehensive income, net of tax		14		–
Balance at February 26, 2015	$	342,121	$	2,564

	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		20,747		–
Net loss attributable to noncontrolling interests		–		(4,146)
Distributions to noncontrolling interests		–		(1,060)
Cash dividends		(6,690)		–
Exercise of stock options		1,323		–
Treasury stock transactions, except for stock options		(3,497)		–
Share-based compensation		1,380		–
Other		86		–
Other comprehensive income, net of tax		36		–
Balance at February 27, 2014	$	320,087	$	4,788

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		39 Weeks		39 Weeks
	Ended		Ended		Ended		Ended
	February 26,		February 27,		February 26,		February 27,
	2015		2014		2015		2014
	(in thousands)
Service cost	$	174	$	176	$	523	$	527
Interest cost		311		293		933		880
Net amortization of prior service cost and actuarial loss		82		67		244		201
Net periodic pension cost	$	567	$	536	$	1,700	$	1,608