The Marcus Corporation (MCS) 10-Q 8 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 29, 2016	Nov. 04, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 29, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Registrant Name	MARCUS CORP
Entity Central Index Key	62,234
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Trading Symbol	MCS
Entity Common Stock, Shares Outstanding		18,932,082
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,699,540

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 29, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 5,870	$ 6,672
Restricted cash	5,540	18,019
Accounts and notes receivable, net of reserves of $188 and $259, respectively	15,456	13,366
Refundable income taxes	3,878	0
Deferred income taxes	2,508	2,807
Other current assets	8,082	7,041
Total current assets	41,334	47,905
Property and equipment:
Land and improvements	111,674	104,379
Buildings and improvements	640,343	618,004
Leasehold improvements	78,812	78,855
Furniture, fixtures and equipment	294,477	285,578
Construction in progress	20,849	10,363
Total property and equipment	1,146,155	1,097,179
Less accumulated depreciation and amortization	454,466	426,477
Net property and equipment	691,689	670,702
Other assets:
Investments in joint ventures	6,311	7,455
Goodwill	43,769	44,220
Other	33,615	37,226
Total other assets	83,695	88,901
TOTAL ASSETS	816,718	807,508
Current liabilities:
Accounts payable	20,215	28,737
Income taxes	0	3,490
Taxes other than income taxes	14,621	17,303
Accrued compensation	15,416	12,269
Other accrued liabilities	34,528	43,231
Current portion of capital lease obligation	5,452	5,181
Current maturities of long-term debt	36,314	18,292
Total current liabilities	126,546	128,503
Capital lease obligation	11,103	15,192
Long-term debt	196,587	207,376
Deferred income taxes	52,373	46,212
Deferred compensation and other	45,041	44,527
Shareholders’ equity attributable to The Marcus Corporation
Preferred Stock, $1 par; authorized 1,000,000 shares; none issued	0	0
Capital in excess of par	58,101	56,474
Retained earnings	345,499	325,355
Accumulated other comprehensive loss	(5,067)	(5,221)
Stockholders' Equity before Treasury Stock	429,723	407,798
Less cost of Common Stock in treasury (3,563,246 shares at September 29, 2016 and 3,525,657 shares at December 31, 2015)	(46,271)	(44,446)
Total shareholders' equity attributable to The Marcus Corporation	383,452	363,352
Noncontrolling interest	1,616	2,346
Total equity	385,068	365,698
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	816,718	807,508
Common Stock [Member]
Shareholders’ equity attributable to The Marcus Corporation
Common Stock, Value	22,490	22,479
Class B Common Stock [Member]
Shareholders’ equity attributable to The Marcus Corporation
Common Stock, Value	$ 8,700	$ 8,711

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 29, 2016	Dec. 31, 2015
Accounts and notes receivable, reserves	$ 188	$ 259
Preferred Stock, par (in dollars per share)	$ 1	$ 1
Preferred Stock, authorized	1,000,000	1,000,000
Preferred Stock, issued	0	0
Cost of Common Stock in treasury, shares	3,563,246	3,525,657
Common Stock [Member]
Common Stock, par (in dollars per share)	$ 1	$ 1
Common Stock, authorized	50,000,000	50,000,000
Common Stock, issued	22,489,973	22,478,541
Class B Common Stock [Member]
Common Stock, par (in dollars per share)	$ 1	$ 1
Common Stock, authorized	33,000,000	33,000,000
Common Stock, issued	8,699,540	8,710,972
Common Stock, outstanding	8,699,540	8,710,972

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
Revenues:
Theatre admissions	$ 46,859	$ 39,125	$ 137,783	$ 127,515
Rooms	32,609	33,641	81,984	83,775
Theatre concessions	30,260	26,027	88,644	82,674
Food and beverage	17,991	18,679	50,784	51,347
Other revenues	16,976	16,422	45,922	45,068
Total revenues	144,695	133,894	405,117	390,379
Costs and expenses:
Theatre operations	39,579	35,169	118,048	111,097
Rooms	10,608	11,155	30,409	32,064
Theatre concessions	8,611	7,700	24,440	23,052
Food and beverage	14,498	14,612	41,797	42,447
Advertising and marketing	5,540	6,152	16,033	17,310
Administrative	15,702	14,011	45,638	42,824
Depreciation and amortization	10,474	10,342	31,025	29,931
Rent	2,051	2,209	6,277	6,517
Property taxes	4,168	3,885	12,306	11,365
Other operating expenses	8,781	8,848	24,854	25,807
Impairment charge	0	0	0	2,919
Total costs and expenses	120,012	114,083	350,827	345,333
Operating income	24,683	19,811	54,290	45,046
Other income (expense):
Investment income	8	10	25	205
Interest expense	(2,127)	(2,496)	(6,993)	(7,390)
Gain (loss) on disposition of property, equipment and other assets	239	183	(478)	(564)
Equity earnings (losses) from unconsolidated joint ventures, net	161	2	270	(121)
Nonoperating Income (Expense), Total	(1,719)	(2,301)	(7,176)	(7,870)
Earnings before income taxes	22,964	17,510	47,114	37,176
Income taxes	8,712	6,798	18,236	14,504
Net earnings	14,252	10,712	28,878	22,672
Net loss attributable to noncontrolling interests	(120)	(159)	(282)	(453)
Net earnings attributable to The Marcus Corporation	$ 14,372	$ 10,871	$ 29,160	$ 23,125
Common Stock [Member]
Net earnings per share - basic:
Common Stock	$ 0.54	$ 0.41	$ 1.09	$ 0.87
Net earnings per share - diluted:
Common Stock	0.51	0.39	1.05	0.83
Dividends per share:
Common Stock	0.113	0.105	0.338	0.305
Class B Common Stock [Member]
Net earnings per share - basic:
Common Stock	0.49	0.37	0.99	0.78
Net earnings per share - diluted:
Common Stock	0.48	0.37	0.98	0.78
Dividends per share:
Common Stock	$ 0.102	$ 0.095	$ 0.307	$ 0.277

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
Net earnings	$ 14,252	$ 10,712	$ 28,878	$ 22,672
Other comprehensive income (loss), net of tax:
Pension loss arising during the period, net of tax benefit of $0, $0, $0 and $570, respectively	0	0	0	(902)
Amortization of the net actuarial loss and prior service credit related to the pension, net of tax effect of $110, $110, $0 and $127, respectively	163	0	163	199
Fair market value adjustment of interest rate swap, net of tax benefit of $0, $95, $75 and $187, respectively	0	(113)	(143)	(282)
Reclassification adjustment on interest rate swap included in interest expense, net of tax effect of $0, $25, $19 and $57, respectively	0	28	38	87
Reclassification adjustment related to interest rate swap de-designation, net of tax effect of $0, $63, $0 and $0, respectively	0	0	96	0
Other comprehensive income (loss)	163	(85)	154	(898)
Comprehensive income	14,415	10,627	29,032	21,774
Comprehensive loss attributable to noncontrolling interests	(120)	(159)	(282)	(453)
Comprehensive income attributable to The Marcus Corporation	$ 14,535	$ 10,786	$ 29,314	$ 22,227

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
Pension loss arising during the period, tax benefit	$ 0	$ 0	$ 0	$ 570
Amortization of the net actuarial loss and prior service credit related to the pension, tax effect	110	0	110	127
Fair market value adjustment of interest rate swap, tax benefit	0	75	95	187
Reclassification adjustment on interest rate swap included in interest expense, tax effect	0	19	25	57
Reclassification adjustment related to interest rate swap de-designation, tax effect	$ 0	$ 0	$ 63	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015
OPERATING ACTIVITIES:
Net earnings	$ 28,878	$ 22,672
Adjustments to reconcile net earnings to net cash provided by operating activities:
Losses (earnings) on investments in joint ventures	(270)	121
Distributions from joint ventures	414	93
Loss on disposition of property, equipment and other assets	478	564
Impairment charge	0	2,919
Amortization of favorable lease right	250	250
Depreciation and amortization	31,025	29,931
Amortization of debt issuance fees	226	329
Stock compensation expense	1,358	1,171
Deferred income taxes	6,461	5,527
Deferred compensation and other	526	613
Contribution of the Company’s stock to savings and profit-sharing plan	905	888
Changes in operating assets and liabilities:
Accounts and notes receivable	(2,090)	(8,354)
Other current assets	(1,041)	(714)
Accounts payable	(6,592)	(9,994)
Income taxes	(7,329)	3,004
Taxes other than income taxes	(2,682)	(2,101)
Accrued compensation	3,147	(1,756)
Other accrued liabilities	(8,823)	(3,997)
Total adjustments	15,963	18,494
Net cash provided by operating activities	44,841	41,166
INVESTING ACTIVITIES:
Capital expenditures	(58,084)	(59,076)
Proceeds from disposals of property, equipment and other assets	594	1,293
Decrease in restricted cash	12,479	143
Decrease in other assets	3,686	846
Purchase of interest in joint venture	0	(1,600)
Sale of interest in joint venture	1,000	0
Net cash used in investing activities	(40,325)	(58,394)
FINANCING ACTIVITIES:
Proceeds from borrowings on revolving credit facilities	250,188	167,000
Repayment of borrowings on revolving credit facilities	(191,188)	(150,000)
Principal payments on debt	(51,863)	(6,323)
Debt issuance fees	(491)	0
Equity transactions:
Treasury stock transactions, except for stock options	(6,053)	(871)
Exercise of stock options	3,553	2,158
Dividends paid	(9,016)	(8,152)
Distributions to noncontrolling interest	(448)	(505)
Net cash provided by (used in) financing activities	(5,318)	3,307
Net decrease in cash and cash equivalents	(802)	(13,921)
Cash and cash equivalents at beginning of period	6,672	18,684
Cash and cash equivalents at end of period	5,870	4,763
Supplemental Information:
Interest paid, net of amounts capitalized	6,772	6,698
Income taxes paid	19,107	12,846
Change in accounts payable for additions to property and equipment	$ (1,930)	$ (494)

General

General	9 Months Ended
	Sep. 29, 2016
General [Abstract]
General	Accounting Policies - Refer to the Company’s audited consolidated financial statements (including footnotes) for the transition period ended December 31, 2015, contained in the Company’s Transition Report on Form 10-K, for a description of the Company’s accounting policies. - The unaudited consolidated financial statements for the 39 weeks ended September 29, 2016 and September 24, 2015 have been prepared by the Company. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary to present fairly the unaudited interim financial information at September 29, 2016, and for all periods presented, have been made. The results of operations during the interim periods are not necessarily indicative of the results of operations for the entire year or other interim periods. However, the unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the Company’s Transition Report on Form 10-K for the transition period ended December 31, 2015. - Depreciation and amortization of property and equipment are provided using the straight-line method over the shorter of the estimated useful lives of the assets or any related lease terms. Depreciation expense totaled $ 10,537,000 31,214,000 10,353,000 29,955,000 The Company periodically considers whether indicators of impairment of long-lived assets held for use are present. If such indicators are present, the Company determines whether the sum of the estimated undiscounted future cash flows attributable to such assets is less than their carrying amounts. The Company recognizes any impairment losses based on the excess of the carrying amount of the assets over their fair value. For the purposes of determining fair value, defined as the amount at which an asset or group of assets could be bought or sold in a current transaction between willing parties, the Company utilizes currently available market valuations of similar assets in its respective industries, often expressed as a given multiple of operating cash flow. The Company evaluated the ongoing value of its property and equipment and other long-lived assets as of September 29, 2016 and December 31, 2015 and determined that there was no impact on the Company’s results of operations. During the 39 weeks ended September 24, 2015, the Company determined that indicators of impairment were evident at a specific hotel location and that the sum of the estimated undiscounted future cash flows attributable to this asset was less than its carrying amount. As such, the Company evaluated the ongoing value of this asset and determined that the fair value, measured using Level 3 pricing inputs (estimated cash flows including estimated sales proceeds), was less than its carrying value and recorded a $ 2,600,000 319,000 – 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. - Net earnings per share (EPS) of Common Stock and Class B Common Stock is computed using the two class method. Basic net earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding. Diluted net earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding, adjusted for the effect of dilutive stock options using the treasury method. Convertible Class B Common Stock is reflected on an if-converted basis. The computation of the diluted net earnings per share of Common Stock assumes the conversion of Class B Common Stock, while the diluted net earnings per share of Class B Common Stock does not assume the conversion of those shares. Holders of Common Stock are entitled to cash dividends per share equal to 110 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 – 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 - Certain financial assets and liabilities are recorded at fair value in the consolidated financial statements. Some are measured on a recurring basis while others are measured on a non-recurring basis. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. A fair value measurement assumes that a transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The Company’s assets and liabilities measured at fair value are classified in one of the following categories: Level 1 - Assets or liabilities for which fair value is based on quoted prices in active markets for identical instruments as of the reporting date. At September 29, 2016 and December 31, 2015, the Company’s $ 70,000 1,659,000 Level 2 - Assets or liabilities for which fair value is based on pricing inputs that were either directly or indirectly observable as of the reporting date. At September 29, 2016 and December 31, 2015, respectively, the $ 88,000 16,000 Level 3 - Assets or liabilities for which fair value is based on valuation models with significant unobservable pricing inputs and which result in the use of management estimates. At September 29, 2016 and December 31, 2015, none of the Company’s fair value measurements were valued using Level 3 pricing inputs. – 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 In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue From Contracts With Customers In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) – Classification of Certain Cash Receipts and Cash Payments The Company elected to early adopt ASU No. 2016-09, Compensation – Sock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting On January 1, 2016, the Company adopted ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30) 404,000 110,000 329,000 On January 1, 2016, the Company adopted ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 29, 2016
Debt Disclosure [Abstract]
Long-term Debt	2. Long-Term Debt On June 16, 2016, the Company replaced its existing credit agreement, consisting of a $ 37,188,000 175,000,000 225,000,000 89,000,000 1.64 0.15 0.25 The Company’s loan agreements include, among other covenants, maintenance of certain financial ratios, including a debt-to-capitalization ratio and a fixed charge coverage ratio. The Company is in compliance with all financial debt covenants at September 29, 2016. The Company utilizes derivatives principally to manage market risks and reduce its exposure resulting from fluctuations in interest rates. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objectives and strategies for undertaking various hedge transactions. The Company entered into an interest rate swap agreement on February 28, 2013 covering $ 25,000,000 0.96 0.56 25,000,000 159,000 96,000 88,000 71,000

Capital Lease Obligation

Capital Lease Obligation	9 Months Ended
	Sep. 29, 2016
Capital Lease Obligation [Abstract]
Capital Lease Obligation	3. Capital Lease Obligation During fiscal 2012, the Company entered into a master licensing agreement with CDF2 Holdings, LLC, a subsidiary of Cinedigm Digital Cinema Corp (CDF2), whereby CDF2 purchased on the Company’s behalf, and then deployed and licensed back to the Company, digital cinema projection systems (the “systems”) for use by the Company in its theatres. As of September 29, 2016, 642 10 45,510,000 26,750,000 22,118,000 Under the terms of the master licensing agreement, the Company made an initial one-time payment to CDF2. The Company expects that the balance of CDF2’s costs to deploy the systems will be covered primarily through the payment of virtual print fees (VPF’s) from film distributors to CDF2 each time a digital movie is booked on one of the systems deployed on a Company screen. The Company agreed to make an average number of bookings of eligible digital movies on each screen on which a licensed system has been deployed to provide for a minimum level of VPF’s paid by distributors (standard booking commitment) to CDF2. To the extent the VPF’s paid by distributors are less than the standard booking commitment, the Company must make a shortfall payment to CDF2. Based upon the Company’s historical booking patterns, the Company does not expect to make any shortfall payments during the life of the agreement. Accounting Standards Codification No. 840, Leases 6,163,000 The Company’s capital lease obligation is being reduced as VPF’s are paid by the film distributors to CDF2. The Company has recorded the reduction of the obligation associated with the payment of VPF’s as a reduction of the interest related to the obligation and the amortization incurred related to the systems, as the payments represent a specific reimbursement of the cost of the systems by the studios. Based on the Company’s expected minimum number of eligible movies to be booked, the Company expects the obligation to be reduced by at least $ 5,452,000 12

Income Taxes

Income Taxes	9 Months Ended
	Sep. 29, 2016
Income Taxes [Abstract]
Income Taxes	4. Income Taxes The Company’s effective income tax rate, adjusted for losses from noncontrolling interests, for the 13 and 39 weeks ended September 29, 2016 was 37.7 38.5 38.5

Related Party Transaction

Related Party Transaction	9 Months Ended
	Sep. 29, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	5. Related Party Transaction During the 13 weeks ended September 29, 2016, the Company received $ 4,093,000 10,131,000

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 29, 2016
Business Segment Information [Abstract]
Business Segment Information	6. Business Segment Information The Company’s primary operations are reported in the following business segments: Theatres and Hotels/Resorts. Corporate items include amounts not allocable to the business segments. Corporate revenues consist principally of rent and the corporate operating loss includes general corporate expenses. Corporate information technology costs and accounting shared services costs are allocated to the business segments based upon several factors, including actual usage and segment revenues. Following is a summary of business segment information for the 13 and 39 weeks ended September 29, 2016 and September 24, 2015 (in thousands): 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 81,921 $ 62,613 $ 161 $ 144,695 Operating income (loss) 18,095 10,614 (4,026) 24,683 Depreciation and amortization 6,228 4,158 88 10,474 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 68,919 $ 64,839 $ 136 $ 133,894 Operating income (loss) 12,309 11,266 (3,764) 19,811 Depreciation and amortization 5,696 4,554 92 10,342 39 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 238,837 $ 165,880 $ 400 $ 405,117 Operating income (loss) 51,530 15,073 (12,313) 54,290 Depreciation and amortization 18,175 12,582 268 31,025 39 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 221,358 $ 168,606 $ 415 $ 390,379 Operating income (loss) 44,835 10,150 (9,939) 45,046 Depreciation and amortization 16,272 13,386 273 29,931

General (Policies)

General (Policies)	9 Months Ended
	Sep. 29, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation - The unaudited consolidated financial statements for the 39 weeks ended September 29, 2016 and September 24, 2015 have been prepared by the Company. In the opinion of management, all adjustments, consisting of normal recurring adjustments necessary to present fairly the unaudited interim financial information at September 29, 2016, and for all periods presented, have been made. The results of operations during the interim periods are not necessarily indicative of the results of operations for the entire year or other interim periods. However, the unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the Company’s Transition Report on Form 10-K for the transition period ended December 31, 2015.
Depreciation and Amortization	Depreciation and Amortization - Depreciation and amortization of property and equipment are provided using the straight-line method over the shorter of the estimated useful lives of the assets or any related lease terms. Depreciation expense totaled $ 10,537,000 31,214,000 10,353,000 29,955,000
Long-Lived Assets	Long-Lived Assets - The Company periodically considers whether indicators of impairment of long-lived assets held for use are present. If such indicators are present, the Company determines whether the sum of the estimated undiscounted future cash flows attributable to such assets is less than their carrying amounts. The Company recognizes any impairment losses based on the excess of the carrying amount of the assets over their fair value. For the purposes of determining fair value, defined as the amount at which an asset or group of assets could be bought or sold in a current transaction between willing parties, the Company utilizes currently available market valuations of similar assets in its respective industries, often expressed as a given multiple of operating cash flow. The Company evaluated the ongoing value of its property and equipment and other long-lived assets as of September 29, 2016 and December 31, 2015 and determined that there was no impact on the Company’s results of operations. During the 39 weeks ended September 24, 2015, the Company determined that indicators of impairment were evident at a specific hotel location and that the sum of the estimated undiscounted future cash flows attributable to this asset was less than its carrying amount. As such, the Company evaluated the ongoing value of this asset and determined that the fair value, measured using Level 3 pricing inputs (estimated cash flows including estimated sales proceeds), was less than its carrying value and recorded a $ 2,600,000 319,000
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss – 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.
Earnings Per Share	Earnings Per Share - Net earnings per share (EPS) of Common Stock and Class B Common Stock is computed using the two class method. Basic net earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding. Diluted net earnings per share is computed by dividing net earnings by the weighted-average number of common shares outstanding, adjusted for the effect of dilutive stock options using the treasury method. Convertible Class B Common Stock is reflected on an if-converted basis. The computation of the diluted net earnings per share of Common Stock assumes the conversion of Class B Common Stock, while the diluted net earnings per share of Class B Common Stock does not assume the conversion of those shares. Holders of Common Stock are entitled to cash dividends per share equal to 110 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
Equity	Equity – 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
Fair Value Measurements	Fair Value Measurements - Certain financial assets and liabilities are recorded at fair value in the consolidated financial statements. Some are measured on a recurring basis while others are measured on a non-recurring basis. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. A fair value measurement assumes that a transaction to sell an asset or transfer a liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The Company’s assets and liabilities measured at fair value are classified in one of the following categories: Level 1 - Assets or liabilities for which fair value is based on quoted prices in active markets for identical instruments as of the reporting date. At September 29, 2016 and December 31, 2015, the Company’s $ 70,000 1,659,000 Level 2 - Assets or liabilities for which fair value is based on pricing inputs that were either directly or indirectly observable as of the reporting date. At September 29, 2016 and December 31, 2015, respectively, the $ 88,000 16,000 Level 3 - Assets or liabilities for which fair value is based on valuation models with significant unobservable pricing inputs and which result in the use of management estimates. At September 29, 2016 and December 31, 2015, none of the Company’s fair value measurements were valued using Level 3 pricing inputs.
Defined Benefit Plan	Defined Benefit Plan – 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
New Accounting Pronouncement	New Accounting Pronouncements - In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue From Contracts With Customers In November 2015, the FASB issued ASU No. 2015-17, Balance Sheet Classification of Deferred Taxes In January 2016, the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230) – Classification of Certain Cash Receipts and Cash Payments The Company elected to early adopt ASU No. 2016-09, Compensation – Sock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting On January 1, 2016, the Company adopted ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs (Subtopic 835-30) 404,000 110,000 329,000 On January 1, 2016, the Company adopted ASU No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis

General (Tables)

General (Tables)	9 Months Ended
	Sep. 29, 2016
Accounting Policies [Abstract]
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

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 29, 2016
Business Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment	Following is a summary of business segment information for the 13 and 39 weeks ended September 29, 2016 and September 24, 2015 (in thousands): 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 81,921 $ 62,613 $ 161 $ 144,695 Operating income (loss) 18,095 10,614 (4,026) 24,683 Depreciation and amortization 6,228 4,158 88 10,474 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 68,919 $ 64,839 $ 136 $ 133,894 Operating income (loss) 12,309 11,266 (3,764) 19,811 Depreciation and amortization 5,696 4,554 92 10,342 39 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 238,837 $ 165,880 $ 400 $ 405,117 Operating income (loss) 51,530 15,073 (12,313) 54,290 Depreciation and amortization 18,175 12,582 268 31,025 39 Weeks Ended Theatres Hotels/ Corporate Total Revenues $ 221,358 $ 168,606 $ 415 $ 390,379 Operating income (loss) 44,835 10,150 (9,939) 45,046 Depreciation and amortization 16,272 13,386 273 29,931

General (Details)

General (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Begining Balance, Swap Agreements				$ 9	$ 116
Other comprehensive loss before reclassifications, Swap Agreements		$ 0	$ (113)	(143)	(282)
Amounts reclassified from accumulated other comprehensive loss, Swap Agreements	[1]			134	87
Net other comprehensive loss, Swap Agreements				(9)	(195)
Ending Balance, Swap Agreements		0	(79)	0	(79)
Beginning Balance, Available for Sale Investments				(11)	(11)
Other comprehensive loss before reclassifications, Available for Sale Investments				0	0
Amounts reclassified from accumulated other comprehensive loss, Available for Sale Investments	[1]			0	0
Net other comprehensive loss, Available for Sale Investments				0	0
Ending Balance, Available for Sale Investments		(11)	(11)	(11)	(11)
Beginning Balance, Pension Obligation				(5,219)	(4,580)
Amortization of the net actuarial loss and prior service credit, pension obligation		163	0	163	199
Other comprehensive loss before reclassifications, Pension Obligation		0	0	0	(902)
Amounts reclassified from accumulated other comprehensive loss, Pension Obligation	[1]			0	0
Net other comprehensive income loss, Pension Obligation				163	(703)
Ending Balance, Pension Obligation		(5,056)	(5,283)	(5,056)	(5,283)
Beginning Balance, Accumulated Other Comprehensive Loss				(5,221)	(4,475)
Amortization of the net actuarial loss and prior service credit, accumulated other comprehensive loss				163	199
Other comprehensive loss before reclassifications, Accumulated Other Comprehensive Loss				(143)	(1,184)
Amounts reclassified from accumulated other comprehensive loss, Accumulated Other Comprehensive Loss	[1]			134	87
Other comprehensive income (loss)		163	(85)	154	(898)
Ending Balance, Accumulated Other Comprehensive Loss		$ (5,067)	$ (5,373)	$ (5,067)	$ (5,373)
[1]	Amounts are included in interest expense in the consolidated statements of earnings.

General (Details 1)

General (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
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
Common Stock [Member]
Net earnings per share - Basic:
Common Stock	$ 0.54	$ 0.41	$ 1.09	$ 0.87
Net earnings per share- Diluted:
Common Stock	0.51	0.39	1.05	0.83
Class B Common Stock [Member]
Net earnings per share - Basic:
Common Stock	0.49	0.37	0.99	0.78
Net earnings per share- Diluted:
Common Stock	$ 0.48	$ 0.37	$ 0.98	$ 0.78

General (Details 2)

General (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
Total Shareholders' Equity Attributable to The Marcus Corporation
Beginning Balance			$ 363,352	$ 340,170
Net earnings attributable to The Marcus Corporation	$ 14,372	$ 10,871	29,160	23,125
Cash dividends			(9,016)	(8,152)
Exercise of stock options			3,553	2,158
Treasury stock transactions, except for stock options			(5,148)	17
Share-based compensation			1,358	1,171
Other			39	196
Other comprehensive loss, net of tax	163	(85)	154	(898)
Ending Balance	383,452	357,787	383,452	357,787
Noncontrolling Interests
Beginning Balance			2,346	2,727
Net income (loss) attributable to noncontrolling interests	(120)	(159)	(282)	(453)
Distributions to noncontrolling interests			(448)	(505)
Ending Balance	$ 1,616	$ 1,769	$ 1,616	$ 1,769

General (Details 3)

General (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
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

General (Details Textual)

General (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015	Dec. 31, 2015
Summary of Significant Accounting Policies [Line Items]
Depreciation	$ 10,537,000	$ 10,353,000	$ 31,214,000	$ 29,955,000
Percentage Of Cash Dividends			110.00%
Available-for-sale Securities, Fair Value Disclosure	70,000		$ 70,000		$ 70,000
Interest Rate Fair Value Hedge Liability at Fair Value	88,000		88,000
Interest Rate Fair Value Hedge Asset at Fair Value					16,000
Impairment of Long-Lived Assets to be Disposed of				319,000
Trading Securities	$ 1,659,000		$ 1,659,000
Impairment of Long-Lived Assets Held-for-use				2,600,000
Accounting Standards Update 2015-03 [Member]
Summary of Significant Accounting Policies [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Cumulative Effect of Change on Equity or Net Assets					$ 404,000
Accounting Standards Update 2015-03 [Member] | Interest Expense [Member]
Summary of Significant Accounting Policies [Line Items]
Amortization of Debt Issuance Costs		$ 110,000		$ 329,000

Long-Term Debt (Details Textual

Long-Term Debt (Details Textual) - USD ($)	1 Months Ended		3 Months Ended	9 Months Ended
	Jun. 30, 2016	Jun. 16, 2016	Sep. 29, 2016	Sep. 29, 2016	Feb. 28, 2013
Derivative, Amount of Hedged Item					$ 25,000,000
Derivative Liability, Notional Amount			$ 25,000,000	$ 25,000,000
Derivative Instruments Loss Reclassified From Accumulated Income Effective Portion Net Of Tax	$ 96,000
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion	$ 159,000
Revolving Credit Facility [Member]
Debt Instrument, Term		5 years
Line of Credit Facility, Decrease, Forgiveness		$ 175,000,000
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Long-term Line of Credit			89,000,000	$ 89,000,000
Debt Instrument, Basis Spread on Variable Rate				1.64%
Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Commitment Fee Percentage				0.15%
Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Commitment Fee Percentage				0.25%
Credit Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 225,000,000	$ 225,000,000
Interest Rate Swap [Member]
Derivative, Fixed Interest Rate			0.96%	0.96%
Derivative, Variable Interest Rate			0.56%	0.56%
Decrease In Interest Expense			$ 88,000	$ 71,000
Term Loan [Member]
Line of Credit Facility, Decrease, Forgiveness		$ 37,188,000

Capital Lease Obligation (Detai

Capital Lease Obligation (Details Textual)	9 Months Ended
	Sep. 29, 2016USD ($)	Dec. 31, 2015USD ($)
Property, Plant and Equipment [Line Items]
Capital Leased Assets, Number of Units	642
Term Of Licensing Agreement	10 years
Commitment Minimum Lease Payments	$ 6,163,000
Payments Obligation Reduced Amount	$ 5,452,000
Expect Period Of Payments Obligation	12 months
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Capital Leases, Balance Sheet, Assets by Major Class, Net	$ 45,510,000	$ 45,510,000
Digital Systems [Member]
Property, Plant and Equipment [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 26,750,000	$ 22,118,000

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
Income Taxes [Line Items]
Effective Income Tax Rate	37.70%	38.50%	38.50%	38.50%

Related Party Transaction (Deta

Related Party Transaction (Details Textual) - USD ($)	3 Months Ended
	Sep. 29, 2016	Dec. 31, 2015
Other Assets Noncurrent	$ 33,615,000	$ 37,226,000
Marcus Family Trust [Member]
Proceeds from Insurance Premiums Collected	4,093,000
Other Assets Noncurrent	$ 10,131,000

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2016	Sep. 24, 2015	Sep. 29, 2016	Sep. 24, 2015
Segment Reporting Information [Line Items]
Revenues	$ 144,695	$ 133,894	$ 405,117	$ 390,379
Operating income (loss)	24,683	19,811	54,290	45,046
Depreciation and amortization	10,474	10,342	31,025	29,931
Theatres [Member]
Segment Reporting Information [Line Items]
Revenues	81,921	68,919	238,837	221,358
Operating income (loss)	18,095	12,309	51,530	44,835
Depreciation and amortization	6,228	5,696	18,175	16,272
Hotels/Resorts [Member]
Segment Reporting Information [Line Items]
Revenues	62,613	64,839	165,880	168,606
Operating income (loss)	10,614	11,266	15,073	10,150
Depreciation and amortization	4,158	4,554	12,582	13,386
Corporate Items [Member]
Segment Reporting Information [Line Items]
Revenues	161	136	400	415
Operating income (loss)	(4,026)	(3,764)	(12,313)	(9,939)
Depreciation and amortization	$ 88	$ 92	$ 268	$ 273