The Marcus Corporation (MCS) 10-Q 8 May 18 2018 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 29, 2018	May 04, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 29, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Registrant Name	MARCUS CORP
Entity Central Index Key	62,234
Current Fiscal Year End Date	--12-28
Entity Filer Category	Accelerated Filer
Trading Symbol	MCS
Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		19,467,087
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,523,485

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 29, 2018	Dec. 28, 2017
Current assets:
Cash and cash equivalents	$ 8,211	$ 16,248
Restricted cash	5,195	4,499
Accounts and notes receivable, net of reserves of $213 and $161, respectively	19,157	27,230
Refundable income taxes	11,721	15,335
Other current assets	13,171	13,409
Total current assets	57,455	76,721
Property and equipment:
Land and improvements	146,887	146,887
Buildings and improvements	760,777	759,166
Leasehold improvements	93,686	93,451
Furniture, fixtures and equipment	352,956	351,879
Construction in progress	11,202	5,269
Total property and equipment	1,365,508	1,356,652
Less accumulated depreciation and amortization	512,067	496,588
Net property and equipment	853,441	860,064
Other assets:
Investments in joint ventures	4,408	4,239
Goodwill	43,457	43,492
Other	33,295	33,281
Total other assets	81,160	81,012
TOTAL ASSETS	992,056	1,017,797
Current liabilities:
Accounts payable	30,818	51,541
Taxes other than income taxes	17,271	19,638
Accrued compensation	13,642	15,627
Other accrued liabilities	49,239	53,291
Current portion of capital lease obligations	7,405	7,570
Current maturities of long-term debt	12,199	12,016
Total current liabilities	130,574	159,683
Capital lease obligations	26,559	28,282
Long-term debt	290,494	289,813
Deferred income taxes	38,240	38,233
Deferred compensation and other	56,640	56,662
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	62,555	61,452
Retained earnings	405,434	403,206
Accumulated other comprehensive loss	(7,444)	(7,425)
Stockholders' Equity before Treasury Stock	491,734	488,423
Less cost of Common Stock in treasury (3,211,111 shares at March 29, 2018 and 3,335,745 shares at December 28, 2017)	(42,251)	(43,399)
Total shareholders' equity attributable to The Marcus Corporation	449,483	445,024
Noncontrolling interest	66	100
Total equity	449,549	445,124
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	992,056	1,017,797
Common Stock [Member]
Shareholders’ equity attributable to The Marcus Corporation
Common Stock	22,664	22,656
Class B Common Stock [Member]
Shareholders’ equity attributable to The Marcus Corporation
Common Stock	$ 8,525	$ 8,534

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 29, 2018	Dec. 28, 2017
Accounts and notes receivable, reserves	$ 213	$ 161
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	3,211,111	3,335,745
Common Stock [Member]
Common Stock, par (in dollars per share)	$ 1	$ 1
Common Stock, authorized	50,000,000	50,000,000
Common Stock, issued	22,664,028	22,655,517
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	8,525,485	8,533,996
Common Stock, outstanding	8,525,485	8,533,996

Consolidated Statements of Earn

Consolidated Statements of Earnings - USD ($) $ in Thousands		3 Months Ended
		Mar. 29, 2018		Mar. 30, 2017
Revenues:
Theatre admissions		$ 63,006		$ 63,841
Rooms		20,671		20,934
Theatre concessions		41,413		40,896
Food and beverage		15,803		15,040
Other revenues		19,526	[1]	17,243
Revenues		160,419		157,954
Cost reimbursements		7,772		7,502
Total revenues	[2]	168,191		165,456
Costs and expenses:
Theatre operations		54,655		54,685
Rooms		9,501		9,198
Theatre concessions		11,961		11,118
Food and beverage		14,065		13,467
Advertising and marketing		5,114		5,562
Administrative		17,282		16,529
Depreciation and amortization		13,904		12,248
Rent		2,951		3,273
Property taxes		5,214		5,078
Other operating expenses		8,756		8,343
Reimbursed costs		7,772		7,502
Total costs and expenses		151,175		147,003
Operating income		17,016		18,453
Other income (expense):
Investment income (loss)		(36)		72
Interest expense		(3,309)		(2,924)
Other expense		(496)		(428)
Loss on disposition of property, equipment and other assets		0		(399)
Equity earnings from unconsolidated joint ventures, net		52		55
Nonoperating Income (Expense), Total		(3,789)		(3,624)
Earnings before income taxes		13,227		14,829
Income taxes		3,421		5,712
Net earnings		9,806		9,117
Net loss attributable to noncontrolling interests		(15)		(336)
Net earnings attributable to The Marcus Corporation		$ 9,821		$ 9,453
Common Stock [Member]
Net earnings per share - basic:
Common Stock		$ 0.36		$ 0.35
Net earnings per share - diluted:
Common Stock		0.35		0.33
Dividends per share:
Common Stock		0.15		0.125
Common Class B [Member]
Net earnings per share - basic:
Common Stock		0.33		0.32
Net earnings per share - diluted:
Common Stock		0.32		0.31
Dividends per share:
Common Stock		$ 0.136		$ 0.114
[1]	Included in other revenues is an immaterial amount related to rental income that is not considered contract revenue from contracts with customers under ASC No. 2014-09.
[2]	Revenues include cost reimbursements of $7,772 for the 13 weeks ended March 29, 2018 (Theatres - $479, Hotels/Resorts - $7,293) and $7,502 for the 13 weeks ended March 30, 2017 (Theatres - $618, Hotels/Resorts - $6,884).

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2018		Mar. 30, 2017
Net earnings	$ 9,806		$ 9,117
Other comprehensive income (loss), net of tax:
Change in unrealized gain on available for sale investments, Available for Sale Investments	0		(14)
Amortization of the net actuarial loss and prior service credit related to the pension, net of tax effect of $41 and $35, respectively	114		54
Fair market value adjustment of interest rate swaps, net of tax benefit of $63 and $0, respectively	(170)		0
Amounts reclassified from accumulated other comprehensive loss, Interest Rate Swaps	26	[1]	0
Other comprehensive income (loss)	(30)		40
Comprehensive income	9,776		9,157
Comprehensive loss attributable to noncontrolling interests	(15)		(336)
Comprehensive income attributable to The Marcus Corporation	$ 9,791		$ 9,493
[1]	Amount is included in interest expense in the consolidated statement of earnings.

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017
Change in unrealized gain on available for sale investments, net of tax benefit	$ 0	$ 9
Amortization of the net actuarial loss and prior service credit related to the pension, net of tax effect	41	35
Fair market value adjustment of interest rate swap, net of tax benefit	63	0
Reclassification adjustment on interest rate swap included in interest expense, net of tax effect	$ 10	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017
OPERATING ACTIVITIES:
Net earnings	$ 9,806	$ 9,117
Adjustments to reconcile net earnings to net cash provided by operating activities:
Earnings on investments in joint ventures	(52)	(55)
Distributions from joint ventures	0	109
Loss on disposition of property, equipment and other assets	0	399
Amortization of favorable lease right	83	83
Depreciation and amortization	13,904	12,248
Amortization of debt issuance costs	73	68
Shared-based compensation	596	505
Deferred income taxes	54	1
Deferred compensation and other	(201)	(440)
Contribution of the Company’s stock to savings and profit-sharing plan	1,130	890
Changes in operating assets and liabilities:
Accounts and notes receivable	8,073	1,115
Other current assets	238	(456)
Accounts payable	(13,641)	6,110
Income taxes	3,614	4,467
Taxes other than income taxes	(2,367)	(318)
Accrued compensation	(1,985)	(3,889)
Other accrued liabilities	(7,348)	(4,070)
Total adjustments	2,171	16,767
Net cash provided by operating activities	11,977	25,884
INVESTING ACTIVITIES:
Capital expenditures	(15,974)	(22,229)
Proceeds from disposals of property, equipment and other assets	23	9
Decrease (increase) in other assets	(81)	419
Contribution in joint venture	(117)	0
Net cash used in investing activities	(16,149)	(21,801)
Debt transactions:
Proceeds from borrowings on revolving credit facility	49,000	79,000
Repayment of borrowings on revolving credit facility	(48,000)	(114,000)
Proceeds from borrowings on long-term debt	0	65,000
Principal payments on long-term debt	(173)	(24,399)
Debt issuance costs	0	(365)
Principal payments on capital lease obligations	(432)	(255)
Equity transactions:
Treasury stock transactions, except for stock options	(404)	52
Exercise of stock options	929	455
Dividends paid	(4,070)	(3,366)
Distributions to noncontrolling interest	(19)	0
Net cash provided by (used in) financing activities	(3,169)	2,122
Net increase (decrease) in cash, cash equivalents and restricted cash	(7,341)	6,205
Cash, cash equivalents and restricted cash at beginning of period	20,747	8,705
Cash, cash equivalents and restricted cash at end of period	13,406	14,910
Supplemental Information:
Interest paid, net of amounts capitalized	3,727	2,533
Income taxes paid (refunded)	(147)	1,244
Change in accounts payable for additions to property and equipment	$ (7,082)	$ 5,376

General

General	3 Months Ended
	Mar. 29, 2018
General [Abstract]
General	7,502,000 During the 13 weeks ended March 29, 2018, there were no significant changes made to the Company’s significant accounting policies other than the changes attributable to the adoption of the Financial Accounting Standards Board Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers Depreciation and Amortization 14,036,000 12,172,000 Accumulated Other Comprehensive Loss Interest Available Pension Accumulated (in thousands) Balance at December 28, 2017 $ - $ (11) $ (7,414) $ (7,425) Amortization of the net actuarial loss and prior service credit - - 114 114 Other comprehensive loss before reclassifications (170) - - (170) Amounts reclassified from accumulated other comprehensive loss 26 (1) 11 (2) - 37 Net other comprehensive income (loss) (144) 11 114 (19) Balance at March 29, 2018 $ (144) $ - $ (7,300) $ (7,444) (1) Amount is included in interest expense in the consolidated statement of earnings. (2) Amount was reclassified to retained earnings on December 29, 2017 in connection with the Company’s adoption of ASU No. 2016-01. Available Pension Accumulated (in thousands) Balance at December 29, 2016 $ 3 $ (5,069) $ (5,066) Change in unrealized gain on available for sale investments (14) - (14) Amortization of the net actuarial loss and prior service credit - 54 54 Net other comprehensive income (loss) (14) 54 40 Balance at March 30, 2017 $ (11) $ (5,015) $ (5,026) Holders of Common Stock are entitled to cash dividends per share equal to 110 13 Weeks Ended 13 Weeks Ended March 29, 2018 March 30, 2017 (in thousands, except per share data) Numerator: Net earnings attributable to The Marcus Corporation $ 9,821 $ 9,453 Denominator: Denominator for basic EPS 27,895 27,708 Effect of dilutive employee stock options 539 675 Denominator for diluted EPS 28,434 28,383 Net earnings per share – basic: Common Stock $ 0.36 $ 0.35 Class B Common Stock $ 0.33 $ 0.32 Net earnings per share – diluted: Common Stock $ 0.35 $ 0.33 Class B Common Stock $ 0.32 $ 0.31 Total Noncontrolling (in thousands) Balance at December 28, 2017 $ 445,024 $ 100 Net earnings attributable to The Marcus Corporation 9,821 - Net loss attributable to noncontrolling interests - (15) Distributions to noncontrolling interests - (19) Cash dividends (4,070) - Exercise of stock options 929 - Savings and profit sharing contribution 1,130 - Treasury stock transactions, except for stock options (404) - Share-based compensation 596 - Cumulative effect of adopting ASU No. 2014-09 (3,513) - Other comprehensive loss, net of tax (30) - Balance at March 29, 2018 $ 449,483 $ 66 Total Noncontrolling (in thousands) Balance at December 29, 2016 $ 390,112 $ 1,535 Net earnings attributable to The Marcus Corporation 9,453 - Net loss attributable to noncontrolling interests - (336) Cash dividends (3,366) - Exercise of stock options 455 - Savings and profit sharing contribution 890 - Treasury stock transactions, except for stock options 52 - Share-based compensation 505 - Other comprehensive income, net of tax 40 - Balance at March 30, 2017 $ 398,141 $ 1,199 The Company’s assets and liabilities measured at fair value are classified in one of the following categories: Level 1 4,031,000 4,053,000 Level 2 197,000 13,000 Level 3 13 Weeks Ended 13 Weeks Ended March 29, 2018 March 30, 2017 (in thousands) Service cost $ 232 $ 191 Interest cost 341 339 Net amortization of prior service cost and actuarial loss 155 89 Net periodic pension cost $ 728 $ 619 Service cost is included in Administrative expense while all other components are recorded within Other expense outside of operating income in the consolidated statements of earnings. Leases (Topic 842) In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On December 29, 2017, the Company adopted ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities On December 29, 2017, the Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments On December 29, 2017, the Company adopted ASU No. 2016-18, Statement of Cash Flows (Topic 230) - Restricted Cash 1,274,000 On December 29, 2017, the Company adopted ASU No. 2017-01, Business Combinations (Topic 805) - Clarifying the Definition of a Business On December 29, 2017, the Company adopted ASU No. 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20: Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets On December 29, 2017, the Company adopted ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Benefit Cost 428,000 On December 29, 2017, the Company adopted ASU No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting Compensation - Stock Compensation Targeted Improvements to Accounting for Hedging Activities Derivatives and Hedging (Topic 815) Revenue from Contracts with Customers The Company performed a review of the requirements of ASU No. 2014-09 and related ASUs in preparation for adoption of the new standard. The Company reviewed its key revenue streams and related customer contracts and has applied the five-step model of the standard to these revenue streams and compared the results to its current accounting practices. The majority of the Company’s revenues continue to be recognized in a manner consistent with historical practice. Revenue from contracts with customers is recognized when, or as, the Company satisfies its performance of obligations by transferring the promised services to the customer. A service is transferred to a customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied over time or at a point in time. Revenue from a performance obligation satisfied over time is recognized by measuring the Company’s progress in satisfying the performance obligation in a manner that depicts the transfer of the services to the customer. Revenue from a performance obligation satisfied at a point in time is recognized at the point in time that the Company determines the customer obtains control over the promised service. The amount of revenue recognized reflects the consideration entitled to in exchange for those services. Reportable Segment Theatres Hotels/Resorts Corporate Total Theatre admissions $ 63,006 $ - $ - $ 63,006 Rooms - 20,671 - 20,671 Theatre concessions 41,413 - - 41,413 Food and beverage - 15,803 - 15,803 Other revenues (1) 8,037 11,401 88 19,526 Cost reimbursements 479 7,293 - 7,772 Total revenues $ 112,935 $ 55,168 $ 88 $ 168,191 (1) Included in other revenues is an immaterial amount related to rental income that is not considered contract revenue from contracts with customers under ASC No. 2014-09. Revenues from advanced ticket and gift card sales are recorded as deferred revenue and are recognized when tickets or gift cards are redeemed. Gift card breakage income is recognized based upon historical redemption patterns and represents the balance of gift cards for which the Company believes the likelihood of redemption by the customer is remote. Gift card breakage income is recorded in other revenues in the consolidated statements of earnings. The adoption of ASU No. 2014-09 did not have an effect on how revenue is recognized for these arrangements. Other revenues include management fees for theatres and hotels under management agreements. The management fees are recognized as earned based on the terms of the agreements. The management fees include variable consideration that is recognized based on the Company’s right to invoice as the amount invoiced corresponds directly to the value transferred to the customer. Other revenues also include family entertainment center revenues and revenues from Hotels/Resorts outlets such as spa, ski, golf and parking, each of which are recognized at the time of sale. In addition, other revenues include pre-show advertising income in our theatres. Pre-show advertising revenue includes variable consideration, primarily based on attendance levels, that is allocated to distinct time periods that make up the overall performance obligation. The adoption of ASU No. 2014-09 did not have an effect on how revenue is recognized for these arrangements. Cost reimbursements primarily consist of payroll and related expenses at managed properties where the Company is the employer and may include certain operational and administrative costs as provided for in the Company’s contracts with owners. These costs are reimbursed back to the Company. As these costs have no added markup, the revenue and related expense have no impact on operating income or net earnings. The adoption of ASU No. 2014-09 did not have an effect on how revenue is recognized for these arrangements. The timing of the Company’s revenue recognition may differ from the timing of payment by customers. However, the Company typically receives payment within a very short period of time of when the revenue is recognized. The Company records a receivable when revenue is recognized prior to payment and it has an unconditional right to payment. Alternatively, when payment precedes the provision for the related services, deferred revenue is recorded until the performance obligation is satisfied. Revenues do not include sales tax as the Company considers itself a pass-through conduit for collecting and remitting sales tax. Balance at December 28, 2017 Cumulative Adjustment Balance at December 29, 2017 (in thousands) Other accrued liabilities $ 53,291 $ 3,296 $ 56,587 Deferred compensation and other 56,662 217 56,879 Retained earnings 403,206 (3,513) 399,693 The one-time cumulative effect adjustment to the balance sheet is due to a change in accounting for the Company’s loyalty programs. The Company offers a customer loyalty program to its theatre customers called Magical Movie Rewards. The program allows members to earn points for each dollar spent and access special offers available only to members. The rewards are redeemable at any Marcus Theatre box office, concession stand or food and beverage venue. The Company also offers a customer loyalty program to its Hotels & Resorts customers which allows members to earn points for each dollar spent in its restaurants. The rewards are redeemable at any of the Company’s hotel outlets including spas, restaurants, and golf. Under ASU No. 2014-09, the portion of Theatre admission revenues, Theatre concession revenues and Food and beverage revenues attributable to loyalty points earned by customers are deferred as a reduction of these revenues until related reward redemption. Through December 28, 2017, the Company recorded the estimated incremental cost of redeeming loyalty points at the time they were earned in Advertising and marketing expense. The change had the effect of an immaterial reduction of theatre admission revenues and a corresponding immaterial increase in theatre concession revenues with an offsetting increase in other long-term liabilities based upon historical customer reward redemption patterns. In accordance with ASU No. 2014-09, the Company has concluded that it is the principal (as opposed to agent) in the arrangement with third-party internet ticketing companies in regards to sale of internet tickets to customers, and therefore, recognizes ticket fee revenue based on a gross transaction price. As such, internet ticket fee revenue is deferred and recognized when the related film exhibition takes place on a gross transaction price basis. Through December 28, 2017, the Company recorded internet ticket fee revenues net of third-party commission or service fees. The change had the effect of increasing other revenues and other operating expense but had no impact on net earnings or cash flows from operations. For the 13 weeks ended March 29, 2018 Statement of Earnings As Reported ASU No. 2014-09 Impact Adjusted (1) Revenues Theatre admissions $ 63,006 $ (606) $ 63,612 Theatre concessions 41,413 418 40,995 Food and beverage 15,803 (21) 15,824 Other revenues 19,526 1,287 18,239 Total revenues 168,191 1,078 167,113 Costs and expenses Theatre operations 54,655 154 54,501 Theatre concessions 11,961 139 11,822 Advertising and marketing 5,114 (490) 5,604 Other operating expenses 8,756 1,202 7,554 Total costs and expenses 151,175 1,005 150,170 Operating income 17,016 73 16,943 Income taxes 3,421 19 3,402 Net earnings attributable to The Marcus Corporation 9,821 54 9,767 Balance Sheet Other accrued liabilities 49,239 3,369 45,870 Total current liabilities 130,574 3,369 127,205 Deferred compensation and other 56,640 217 56,423 Retained Earnings 405,434 (3,586) 409,020 Shareholders equity attributable to The Marcus Corporation 449,483 (3,586) 453,069 Total equity 449,549 (3,586) 453,135 (1) The amounts reflect each affected financial statement line item as they would have been reported under US GAAP prior to the adoption of ASU No. 2014-09. The Company had deferred revenue from contracts with customers of $ 32,913,000 36,007,000 During the 13 weeks ended March 29, 2018, the Company recognized revenues of $ 10,201,000 9,252,000 850,000 A significant majority of the Company’s revenue is recorded in less than one year from the original contract. As of March 29, 2018, the amount of transaction price allocated to the remaining performance obligations under the Company’s advanced tickets sales was $ 4,817,000 1.3 233,000 As part of the Company's adoption of ASU No. 2014-09, the Company elected to use the following practical expedients: (i) not to adjust the promised amount of consideration for the effects of a significant financing component when the Company expects, at contract inception, that the period between the Company's transfer of a promised product or service to a customer and when the customer pays for that product or service will be one year or less; (ii) not to assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer; (iii) to expense costs as incurred for costs to obtain contracts when the amortization period would have been one year or less, which mainly includes internal sales and development compensation; (iv) not to disclose remaining performance obligations when the remaining performance obligations have original expected durations of one year or less; and (v) not to disclose remaining performance obligations when variable consideration is allocated entirely to a wholly unsatisfied promise to transfer a service that forms a single performance obligation (which exists in the Company’s management fee contracts and its pre-show advertising contracts).

Long-Term Debt and Capital Leas

Long-Term Debt and Capital Lease Obligations	3 Months Ended
	Mar. 29, 2018
Debt Disclosure [Abstract]
Long-Term Debt and Capital Lease Obligations	2. Long-Term Debt and Capital Lease Obligations Long-Term Debt 50,000,000 4.32 Also during the 13 weeks ended March 30, 2017, a note that matured in January 2017 with a balance of $ 24,226,000 15,000,000 2.75 3.75 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 two interest rate swap agreements on March 1, 2018 covering $ 50,000,000 2.559 1.938 25,000,000 2.687 1.938 197,000 The Company had an interest rate swap that expired in January 2018. The swap agreement covered $ 25,000,000 0.96 13,000 Capital Lease Obligations 10 45,510,000 36,015,000 34,471,000 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 $ 5,484,000 The Company is the obligor of several movie theatre and equipment leases with unaffiliated third parties that qualify for capital lease accounting. Included in buildings and improvements as of March 29, 2018 and December 28, 2017 is $ 25,648,000 2,706,000 2,300,000 1,712,000 316,000 255,000 808,000

Income Taxes

Income Taxes	3 Months Ended
	Mar. 29, 2018
Income Tax Disclosure [Abstract]
Income Taxes	3. Income Taxes The Company’s effective income tax rate, adjusted for losses from noncontrolling interests, for the 13 weeks ended March 29, 2018 and March 30, 2017 was 25.8 37.7 During the fiscal year ended December 28, 2017, the Company was able to make a reasonable estimate of the impact of the Tax Cuts and Jobs Act of 2017, including the reduction in the corporate tax rate and the provisions related to executive compensation and 100% bonus depreciation on qualifying property. However, given the Act's broad and complex changes, further clarification, interpretation and regulatory guidance could affect the assumptions the Company used in making its reasonable estimate. Following the guidance of the U.S. Securities and Exchange Commission's Staff Accounting Bulletin No. 118, any adjustments to the Company's estimate will be reported as a component of income tax expense and disclosed in the period when any such adjustments have been determined within the one-year measurement period. During the 13 weeks ended March 29, 2018, the Company did not make any adjustment to the estimates recorded in fiscal 2017.

Business Segment Information

Business Segment Information	3 Months Ended
	Mar. 29, 2018
Segment Reporting [Abstract]
Business Segment Information	4. 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. 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues (1) $ 112,935 $ 55,168 $ 88 $ 168,191 Operating income (loss) 23,983 (2,649) (4,318) 17,016 Depreciation and amortization 9,228 4,590 86 13,904 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues (1) $ 112,006 $ 53,340 $ 110 $ 165,456 Operating income (loss) 24,723 (2,675) (3,595) 18,453 Depreciation and amortization 7,793 4,357 98 12,248 (1) Revenues include cost reimbursements of $7,772 for the 13 weeks ended March 29, 2018 (Theatres - $479, Hotels/Resorts - $7,293) and $7,502 for the 13 weeks ended March 30, 2017 (Theatres - $618, Hotels/Resorts - $6,884).

General (Policies)

General (Policies)	3 Months Ended
	Mar. 29, 2018
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Restatement of Prior Year Financial Statements Policy [Policy Text Block]	Immaterial Restatement of Prior Year Financial Statements 7,502,000
Accounting Policies [Policy Text Block]	Accounting Policies During the 13 weeks ended March 29, 2018, there were no significant changes made to the Company’s significant accounting policies other than the changes attributable to the adoption of the Financial Accounting Standards Board Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers
Depreciation and Amortization	14,036,000 12,172,000
Accumulated Other Comprehensive Loss	Interest Available Pension Accumulated (in thousands) Balance at December 28, 2017 $ - $ (11) $ (7,414) $ (7,425) Amortization of the net actuarial loss and prior service credit - - 114 114 Other comprehensive loss before reclassifications (170) - - (170) Amounts reclassified from accumulated other comprehensive loss 26 (1) 11 (2) - 37 Net other comprehensive income (loss) (144) 11 114 (19) Balance at March 29, 2018 $ (144) $ - $ (7,300) $ (7,444) (1) Amount is included in interest expense in the consolidated statement of earnings. (2) Amount was reclassified to retained earnings on December 29, 2017 in connection with the Company’s adoption of ASU No. 2016-01. Available Pension Accumulated (in thousands) Balance at December 29, 2016 $ 3 $ (5,069) $ (5,066) Change in unrealized gain on available for sale investments (14) - (14) Amortization of the net actuarial loss and prior service credit - 54 54 Net other comprehensive income (loss) (14) 54 40 Balance at March 30, 2017 $ (11) $ (5,015) $ (5,026)
Earnings Per Share	Holders of Common Stock are entitled to cash dividends per share equal to 110 13 Weeks Ended 13 Weeks Ended March 29, 2018 March 30, 2017 (in thousands, except per share data) Numerator: Net earnings attributable to The Marcus Corporation $ 9,821 $ 9,453 Denominator: Denominator for basic EPS 27,895 27,708 Effect of dilutive employee stock options 539 675 Denominator for diluted EPS 28,434 28,383 Net earnings per share – basic: Common Stock $ 0.36 $ 0.35 Class B Common Stock $ 0.33 $ 0.32 Net earnings per share – diluted: Common Stock $ 0.35 $ 0.33 Class B Common Stock $ 0.32 $ 0.31
Equity	Total Noncontrolling (in thousands) Balance at December 28, 2017 $ 445,024 $ 100 Net earnings attributable to The Marcus Corporation 9,821 - Net loss attributable to noncontrolling interests - (15) Distributions to noncontrolling interests - (19) Cash dividends (4,070) - Exercise of stock options 929 - Savings and profit sharing contribution 1,130 - Treasury stock transactions, except for stock options (404) - Share-based compensation 596 - Cumulative effect of adopting ASU No. 2014-09 (3,513) - Other comprehensive loss, net of tax (30) - Balance at March 29, 2018 $ 449,483 $ 66 Total Noncontrolling (in thousands) Balance at December 29, 2016 $ 390,112 $ 1,535 Net earnings attributable to The Marcus Corporation 9,453 - Net loss attributable to noncontrolling interests - (336) Cash dividends (3,366) - Exercise of stock options 455 - Savings and profit sharing contribution 890 - Treasury stock transactions, except for stock options 52 - Share-based compensation 505 - Other comprehensive income, net of tax 40 - Balance at March 30, 2017 $ 398,141 $ 1,199
Fair Value Measurements	The Company’s assets and liabilities measured at fair value are classified in one of the following categories: Level 1 4,031,000 4,053,000 Level 2 197,000 13,000 Level 3
Defined Benefit Plan	13 Weeks Ended 13 Weeks Ended March 29, 2018 March 30, 2017 (in thousands) Service cost $ 232 $ 191 Interest cost 341 339 Net amortization of prior service cost and actuarial loss 155 89 Net periodic pension cost $ 728 $ 619 Service cost is included in Administrative expense while all other components are recorded within Other expense outside of operating income in the consolidated statements of earnings.
New Accounting Pronouncements	Leases (Topic 842) In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350) - Simplifying the Test for Goodwill Impairment In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income On December 29, 2017, the Company adopted ASU No. 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities On December 29, 2017, the Company adopted ASU No. 2016-15, Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments On December 29, 2017, the Company adopted ASU No. 2016-18, Statement of Cash Flows (Topic 230) - Restricted Cash 1,274,000 On December 29, 2017, the Company adopted ASU No. 2017-01, Business Combinations (Topic 805) - Clarifying the Definition of a Business On December 29, 2017, the Company adopted ASU No. 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20: Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets On December 29, 2017, the Company adopted ASU No. 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Benefit Cost 428,000 On December 29, 2017, the Company adopted ASU No. 2017-09, Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting Compensation - Stock Compensation Targeted Improvements to Accounting for Hedging Activities Derivatives and Hedging (Topic 815) On December 29, 2017, the Company adopted and applied to all contracts ASU No. 2014-09, Revenue from Contracts with Customers The Company performed a review of the requirements of ASU No. 2014-09 and related ASUs in preparation for adoption of the new standard. The Company reviewed its key revenue streams and related customer contracts and has applied the five-step model of the standard to these revenue streams and compared the results to its current accounting practices. The majority of the Company’s revenues continue to be recognized in a manner consistent with historical practice. Revenue from contracts with customers is recognized when, or as, the Company satisfies its performance of obligations by transferring the promised services to the customer. A service is transferred to a customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied over time or at a point in time. Revenue from a performance obligation satisfied over time is recognized by measuring the Company’s progress in satisfying the performance obligation in a manner that depicts the transfer of the services to the customer. Revenue from a performance obligation satisfied at a point in time is recognized at the point in time that the Company determines the customer obtains control over the promised service. The amount of revenue recognized reflects the consideration entitled to in exchange for those services. Reportable Segment Theatres Hotels/Resorts Corporate Total Theatre admissions $ 63,006 $ - $ - $ 63,006 Rooms - 20,671 - 20,671 Theatre concessions 41,413 - - 41,413 Food and beverage - 15,803 - 15,803 Other revenues (1) 8,037 11,401 88 19,526 Cost reimbursements 479 7,293 - 7,772 Total revenues $ 112,935 $ 55,168 $ 88 $ 168,191 (1) Included in other revenues is an immaterial amount related to rental income that is not considered contract revenue from contracts with customers under ASC No. 2014-09. Revenues from advanced ticket and gift card sales are recorded as deferred revenue and are recognized when tickets or gift cards are redeemed. Gift card breakage income is recognized based upon historical redemption patterns and represents the balance of gift cards for which the Company believes the likelihood of redemption by the customer is remote. Gift card breakage income is recorded in other revenues in the consolidated statements of earnings. The adoption of ASU No. 2014-09 did not have an effect on how revenue is recognized for these arrangements. Other revenues include management fees for theatres and hotels under management agreements. The management fees are recognized as earned based on the terms of the agreements. The management fees include variable consideration that is recognized based on the Company’s right to invoice as the amount invoiced corresponds directly to the value transferred to the customer. Other revenues also include family entertainment center revenues and revenues from Hotels/Resorts outlets such as spa, ski, golf and parking, each of which are recognized at the time of sale. In addition, other revenues include pre-show advertising income in our theatres. Pre-show advertising revenue includes variable consideration, primarily based on attendance levels, that is allocated to distinct time periods that make up the overall performance obligation. The adoption of ASU No. 2014-09 did not have an effect on how revenue is recognized for these arrangements. Cost reimbursements primarily consist of payroll and related expenses at managed properties where the Company is the employer and may include certain operational and administrative costs as provided for in the Company’s contracts with owners. These costs are reimbursed back to the Company. As these costs have no added markup, the revenue and related expense have no impact on operating income or net earnings. The adoption of ASU No. 2014-09 did not have an effect on how revenue is recognized for these arrangements. The timing of the Company’s revenue recognition may differ from the timing of payment by customers. However, the Company typically receives payment within a very short period of time of when the revenue is recognized. The Company records a receivable when revenue is recognized prior to payment and it has an unconditional right to payment. Alternatively, when payment precedes the provision for the related services, deferred revenue is recorded until the performance obligation is satisfied. Revenues do not include sales tax as the Company considers itself a pass-through conduit for collecting and remitting sales tax. Balance at December 28, 2017 Cumulative Adjustment Balance at December 29, 2017 (in thousands) Other accrued liabilities $ 53,291 $ 3,296 $ 56,587 Deferred compensation and other 56,662 217 56,879 Retained earnings 403,206 (3,513) 399,693 The one-time cumulative effect adjustment to the balance sheet is due to a change in accounting for the Company’s loyalty programs. The Company offers a customer loyalty program to its theatre customers called Magical Movie Rewards. The program allows members to earn points for each dollar spent and access special offers available only to members. The rewards are redeemable at any Marcus Theatre box office, concession stand or food and beverage venue. The Company also offers a customer loyalty program to its Hotels & Resorts customers which allows members to earn points for each dollar spent in its restaurants. The rewards are redeemable at any of the Company’s hotel outlets including spas, restaurants, and golf. Under ASU No. 2014-09, the portion of Theatre admission revenues, Theatre concession revenues and Food and beverage revenues attributable to loyalty points earned by customers are deferred as a reduction of these revenues until related reward redemption. Through December 28, 2017, the Company recorded the estimated incremental cost of redeeming loyalty points at the time they were earned in Advertising and marketing expense. The change had the effect of an immaterial reduction of theatre admission revenues and a corresponding immaterial increase in theatre concession revenues with an offsetting increase in other long-term liabilities based upon historical customer reward redemption patterns. In accordance with ASU No. 2014-09, the Company has concluded that it is the principal (as opposed to agent) in the arrangement with third-party internet ticketing companies in regards to sale of internet tickets to customers, and therefore, recognizes ticket fee revenue based on a gross transaction price. As such, internet ticket fee revenue is deferred and recognized when the related film exhibition takes place on a gross transaction price basis. Through December 28, 2017, the Company recorded internet ticket fee revenues net of third-party commission or service fees. The change had the effect of increasing other revenues and other operating expense but had no impact on net earnings or cash flows from operations. For the 13 weeks ended March 29, 2018 Statement of Earnings As Reported ASU No. 2014-09 Impact Adjusted (1) Revenues Theatre admissions $ 63,006 $ (606) $ 63,612 Theatre concessions 41,413 418 40,995 Food and beverage 15,803 (21) 15,824 Other revenues 19,526 1,287 18,239 Total revenues 168,191 1,078 167,113 Costs and expenses Theatre operations 54,655 154 54,501 Theatre concessions 11,961 139 11,822 Advertising and marketing 5,114 (490) 5,604 Other operating expenses 8,756 1,202 7,554 Total costs and expenses 151,175 1,005 150,170 Operating income 17,016 73 16,943 Income taxes 3,421 19 3,402 Net earnings attributable to The Marcus Corporation 9,821 54 9,767 Balance Sheet Other accrued liabilities 49,239 3,369 45,870 Total current liabilities 130,574 3,369 127,205 Deferred compensation and other 56,640 217 56,423 Retained Earnings 405,434 (3,586) 409,020 Shareholders equity attributable to The Marcus Corporation 449,483 (3,586) 453,069 Total equity 449,549 (3,586) 453,135 (1) The amounts reflect each affected financial statement line item as they would have been reported under US GAAP prior to the adoption of ASU No. 2014-09. The Company had deferred revenue from contracts with customers of $ 32,913,000 36,007,000 During the 13 weeks ended March 29, 2018, the Company recognized revenues of $ 10,201,000 9,252,000 850,000 A significant majority of the Company’s revenue is recorded in less than one year from the original contract. As of March 29, 2018, the amount of transaction price allocated to the remaining performance obligations under the Company’s advanced tickets sales was $ 4,817,000 1.3 233,000 As part of the Company's adoption of ASU No. 2014-09, the Company elected to use the following practical expedients: (i) not to adjust the promised amount of consideration for the effects of a significant financing component when the Company expects, at contract inception, that the period between the Company's transfer of a promised product or service to a customer and when the customer pays for that product or service will be one year or less; (ii) not to assess whether promised goods or services are performance obligations if they are immaterial in the context of the contract with the customer; (iii) to expense costs as incurred for costs to obtain contracts when the amortization period would have been one year or less, which mainly includes internal sales and development compensation; (iv) not to disclose remaining performance obligations when the remaining performance obligations have original expected durations of one year or less; and (v) not to disclose remaining performance obligations when variable consideration is allocated entirely to a wholly unsatisfied promise to transfer a service that forms a single performance obligation (which exists in the Company’s management fee contracts and its pre-show advertising contracts).

General (Tables)

General (Tables)	3 Months Ended
	Mar. 29, 2018
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: Interest Available Pension Accumulated (in thousands) Balance at December 28, 2017 $ - $ (11) $ (7,414) $ (7,425) Amortization of the net actuarial loss and prior service credit - - 114 114 Other comprehensive loss before reclassifications (170) - - (170) Amounts reclassified from accumulated other comprehensive loss 26 (1) 11 (2) - 37 Net other comprehensive income (loss) (144) 11 114 (19) Balance at March 29, 2018 $ (144) $ - $ (7,300) $ (7,444) (1) Amount is included in interest expense in the consolidated statement of earnings. (2) Amount was reclassified to retained earnings on December 29, 2017 in connection with the Company’s adoption of ASU No. 2016-01. Available Pension Accumulated (in thousands) Balance at December 29, 2016 $ 3 $ (5,069) $ (5,066) Change in unrealized gain on available for sale investments (14) - (14) Amortization of the net actuarial loss and prior service credit - 54 54 Net other comprehensive income (loss) (14) 54 40 Balance at March 30, 2017 $ (11) $ (5,015) $ (5,026)
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 13 Weeks Ended March 29, 2018 March 30, 2017 (in thousands, except per share data) Numerator: Net earnings attributable to The Marcus Corporation $ 9,821 $ 9,453 Denominator: Denominator for basic EPS 27,895 27,708 Effect of dilutive employee stock options 539 675 Denominator for diluted EPS 28,434 28,383 Net earnings per share – basic: Common Stock $ 0.36 $ 0.35 Class B Common Stock $ 0.33 $ 0.32 Net earnings per share – diluted: Common Stock $ 0.35 $ 0.33 Class B Common Stock $ 0.32 $ 0.31
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 March 29, 2018 and March 30, 2017 was as follows: Total Noncontrolling (in thousands) Balance at December 28, 2017 $ 445,024 $ 100 Net earnings attributable to The Marcus Corporation 9,821 - Net loss attributable to noncontrolling interests - (15) Distributions to noncontrolling interests - (19) Cash dividends (4,070) - Exercise of stock options 929 - Savings and profit sharing contribution 1,130 - Treasury stock transactions, except for stock options (404) - Share-based compensation 596 - Cumulative effect of adopting ASU No. 2014-09 (3,513) - Other comprehensive loss, net of tax (30) - Balance at March 29, 2018 $ 449,483 $ 66 Total Noncontrolling (in thousands) Balance at December 29, 2016 $ 390,112 $ 1,535 Net earnings attributable to The Marcus Corporation 9,453 - Net loss attributable to noncontrolling interests - (336) Cash dividends (3,366) - Exercise of stock options 455 - Savings and profit sharing contribution 890 - Treasury stock transactions, except for stock options 52 - Share-based compensation 505 - Other comprehensive income, net of tax 40 - Balance at March 30, 2017 $ 398,141 $ 1,199
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 13 Weeks Ended March 29, 2018 March 30, 2017 (in thousands) Service cost $ 232 $ 191 Interest cost 341 339 Net amortization of prior service cost and actuarial loss 155 89 Net periodic pension cost $ 728 $ 619
Disaggregation of Revenue [Table Text Block]	The disaggregation of revenues by business segment for the 13 weeks ended March 29, 2018 is as follows (in thousands): Reportable Segment Theatres Hotels/Resorts Corporate Total Theatre admissions $ 63,006 $ - $ - $ 63,006 Rooms - 20,671 - 20,671 Theatre concessions 41,413 - - 41,413 Food and beverage - 15,803 - 15,803 Other revenues (1) 8,037 11,401 88 19,526 Cost reimbursements 479 7,293 - 7,772 Total revenues $ 112,935 $ 55,168 $ 88 $ 168,191 (1) Included in other revenues is an immaterial amount related to rental income that is not considered contract revenue from contracts with customers under ASC No. 2014-09.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Due to adoption of ASU No. 2014-09, on the first day of fiscal 2018, the Company recorded a one-time cumulative effect adjustment to the balance sheet as follows: Balance at December 28, 2017 Cumulative Adjustment Balance at December 29, 2017 (in thousands) Other accrued liabilities $ 53,291 $ 3,296 $ 56,587 Deferred compensation and other 56,662 217 56,879 Retained earnings 403,206 (3,513) 399,693 The adoption of ASU No. 2014-09 during the 13 weeks ended March 29, 2018 had the following effect on our consolidated financial statements (in thousands): For the 13 weeks ended March 29, 2018 Statement of Earnings As Reported ASU No. 2014-09 Impact Adjusted (1) Revenues Theatre admissions $ 63,006 $ (606) $ 63,612 Theatre concessions 41,413 418 40,995 Food and beverage 15,803 (21) 15,824 Other revenues 19,526 1,287 18,239 Total revenues 168,191 1,078 167,113 Costs and expenses Theatre operations 54,655 154 54,501 Theatre concessions 11,961 139 11,822 Advertising and marketing 5,114 (490) 5,604 Other operating expenses 8,756 1,202 7,554 Total costs and expenses 151,175 1,005 150,170 Operating income 17,016 73 16,943 Income taxes 3,421 19 3,402 Net earnings attributable to The Marcus Corporation 9,821 54 9,767 Balance Sheet Other accrued liabilities 49,239 3,369 45,870 Total current liabilities 130,574 3,369 127,205 Deferred compensation and other 56,640 217 56,423 Retained Earnings 405,434 (3,586) 409,020 Shareholders equity attributable to The Marcus Corporation 449,483 (3,586) 453,069 Total equity 449,549 (3,586) 453,135 (1) The amounts reflect each affected financial statement line item as they would have been reported under US GAAP prior to the adoption of ASU No. 2014-09.

Business Segment Information (T

Business Segment Information (Tables)	3 Months Ended
	Mar. 29, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Following is a summary of business segment information for the 13 weeks ended March 29, 2018 and March 30, 2017 (in thousands): 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues (1) $ 112,935 $ 55,168 $ 88 $ 168,191 Operating income (loss) 23,983 (2,649) (4,318) 17,016 Depreciation and amortization 9,228 4,590 86 13,904 13 Weeks Ended Theatres Hotels/ Corporate Total Revenues (1) $ 112,006 $ 53,340 $ 110 $ 165,456 Operating income (loss) 24,723 (2,675) (3,595) 18,453 Depreciation and amortization 7,793 4,357 98 12,248

General (Details)

General (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 29, 2018		Mar. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Beginning Balance, Interest Rate Swaps		$ 0
Other comprehensive loss before reclassifications, Interest Rate Swaps		(170)		$ 0
Amounts reclassified from accumulated other comprehensive loss, Interest Rate Swaps		26	[1]	0
Net other comprehensive income (loss), Interest Rate Swaps		(144)
Ending Balance, Interest Rate Swaps		(144)
Beginning Balance, Available for Sale Investments		(11)		3
Change in unrealized gain on available for sale investments, Available for Sale Investments		0		(14)
Other comprehensive loss before reclassifications, Available for Sale Investments		0
Amounts reclassified from accumulated other comprehensive loss, Available for Sale Investments	[2]	11
Net other comprehensive income (loss), Available for Sale Investments		11		(14)
Ending Balance, Available for Sale Investments		0		(11)
Beginning Balance, Pension Obligation		(7,414)		(5,069)
Amortization of the net actuarial loss and prior service credit, Pension Obligation		114		54
Other comprehensive loss before reclassifications, Pension Obligation		0
Amounts reclassified from accumulated other comprehensive loss, Pension Obligation		0
Net other comprehensive income (loss), Pension Obligation		114		54
Ending Balance, Pension Obligation		(7,300)		(5,015)
Beginning Balance, Accumulated Other Comprehensive Loss		(7,425)		(5,066)
Change In Unrealized Gain On Available For Sale Investments, Accumulated Other Comprehensive Loss				(14)
Amortization of net actuarial loss and prior service credit, Accumulated Other Comprehensive Loss		114		54
Other comprehensive loss before reclassifications, Accumulated Other Comprehensive Loss		(170)
Amounts reclassified from accumulated other comprehensive loss, Accumulated Other Comprehensive Loss		37
Net Other Comprehensive Income loss, Accumulated Other Comprehensive Loss		(19)		40
Ending Balance, Accumulated Other Comprehensive Loss		$ (7,444)		$ (5,026)
[1]	Amount is included in interest expense in the consolidated statement of earnings.
[2]	Amount was reclassified to retained earnings on December 29, 2017 in connection with the Company’s adoption of ASU No. 2016-01.

General (Details 1)

General (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017
Numerator:
Net earnings attributable to The Marcus Corporation	$ 9,821	$ 9,453
Denominator:
Denominator for basic EPS	27,895	27,708
Effect of dilutive employee stock options	539	675
Denominator for diluted EPS	28,434	28,383
Common Stock [Member]
Net earnings per share - basic:
Common Stock	$ 0.36	$ 0.35
Net earnings per share - diluted:
Common Stock	0.35	0.33
Class B Common Stock [Member]
Net earnings per share - basic:
Common Stock	0.33	0.32
Net earnings per share - diluted:
Common Stock	$ 0.32	$ 0.31

General (Details 2)

General (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017
Total Shareholders' Equity Attributable to The Marcus Corporation
Beginning Balance	$ 445,024	$ 390,112
Net earnings attributable to The Marcus Corporation	9,821	9,453
Cash dividends	(4,070)	(3,366)
Exercise of stock options	929	455
Savings and profit sharing contribution	1,130	890
Treasury stock transactions, except for stock options	(404)	52
Share-based compensation	596	505
Cumulative effect of adopting ASU No. 2014-09	(3,513)
Other comprehensive income, net of tax	(30)	40
Ending Balance	449,483	398,141
Noncontrolling Interests
Beginning Balance	100	1,535
Net loss attributable to noncontrolling interests	(15)	(336)
Distributions to noncontrolling interests	(19)	0
Ending Balance	$ 66	$ 1,199

General (Details 3)

General (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017
Service cost	$ 232	$ 191
Interest cost	341	339
Net amortization of prior service cost and actuarial loss	155	89
Net periodic pension cost	$ 728	$ 619

General (Details 4)

General (Details 4) - USD ($) $ in Thousands		3 Months Ended
		Mar. 29, 2018		Mar. 30, 2017
Theatre admissions		$ 63,006		$ 63,841
Rooms		20,671		20,934
Theatre concessions		41,413		40,896
Food and beverage		15,803		15,040
Other revenues		19,526	[1]	17,243
Cost reimbursements		7,772		7,502
Revenues	[2]	168,191		$ 165,456
Theatres Segment [Member]
Theatre admissions		63,006
Rooms		0
Theatre concessions		41,413
Food and beverage		0
Other revenues	[1]	8,037
Cost reimbursements		479
Revenues		112,935
Hotels or Resorts [Member]
Theatre admissions		0
Rooms		20,671
Theatre concessions		0
Food and beverage		15,803
Other revenues	[1]	11,401
Cost reimbursements		7,293
Revenues		55,168
Corporate Segment [Member]
Theatre admissions		0
Rooms		0
Theatre concessions		0
Food and beverage		0
Other revenues	[1]	88
Cost reimbursements		0
Revenues		$ 88
[1]	Included in other revenues is an immaterial amount related to rental income that is not considered contract revenue from contracts with customers under ASC No. 2014-09.
[2]	Revenues include cost reimbursements of $7,772 for the 13 weeks ended March 29, 2018 (Theatres - $479, Hotels/Resorts - $7,293) and $7,502 for the 13 weeks ended March 30, 2017 (Theatres - $618, Hotels/Resorts - $6,884).

General (Details 5)

General (Details 5) - USD ($) $ in Thousands	Mar. 29, 2018	Dec. 29, 2017	Dec. 28, 2017
Other accrued liabilities	$ 49,239		$ 53,291
Deferred compensation and other	56,640		56,662
Retained earnings	405,434		$ 403,206
Accounting Standards Update 2014-09 [Member]
Other accrued liabilities		$ 56,587
Deferred compensation and other		56,879
Retained earnings		399,693
Restatement Adjustment [Member]
Other accrued liabilities	3,369	3,296
Deferred compensation and other	217	217
Retained earnings	$ (3,586)	$ (3,513)

General (Details 6)

General (Details 6) - USD ($) $ in Thousands		3 Months Ended
		Mar. 29, 2018		Mar. 30, 2017	Dec. 29, 2017	Dec. 28, 2017	Dec. 29, 2016
Revenues
Theatre admissions		$ 63,006		$ 63,841
Theatre concessions		41,413		40,896
Food and beverage		15,803		15,040
Other revenues		19,526	[1]	17,243
Revenues	[2]	168,191		165,456
Costs and expenses
Theatre operations		54,655		54,685
Theatre concessions		11,961		11,118
Advertising and marketing		5,114		5,562
Other operating expenses		8,756		8,343
Total costs and expenses		151,175		147,003
Operating income		17,016		18,453
Income taxes		3,421		5,712
Net earnings attributable to The Marcus Corporation		9,821		9,453
Balance Sheet
Other accrued liabilities		49,239				$ 53,291
Total current liabilities		130,574				159,683
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent		56,640				56,662
Retained earnings		405,434				403,206
Shareholders equity attributable to The Marcus Corporation		449,483		$ 398,141	$ 445,024	445,024	$ 390,112
Total equity		449,549				$ 445,124
Scenario, Previously Reported [Member]
Revenues
Theatre admissions	[3]	63,612
Theatre concessions	[3]	40,995
Food and beverage	[3]	15,824
Other revenues	[3]	18,239
Costs and expenses
Theatre operations	[3]	54,501
Theatre concessions	[3]	11,822
Advertising and marketing	[3]	5,604
Other operating expenses	[3]	7,554
Total costs and expenses	[3]	150,170
Income taxes	[3]	3,402
Net earnings attributable to The Marcus Corporation	[3]	9,767
Balance Sheet
Other accrued liabilities	[3]	45,870
Total current liabilities	[3]	127,205
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent	[3]	56,423
Retained earnings	[3]	409,020
Shareholders equity attributable to The Marcus Corporation		453,069
Total equity		453,135
Restatement Adjustment [Member]
Revenues
Theatre admissions		(606)
Theatre concessions		418
Food and beverage		(21)
Other revenues		1,287
Costs and expenses
Theatre operations		154
Theatre concessions		139
Advertising and marketing		(490)
Other operating expenses		1,202
Total costs and expenses		1,005
Income taxes		19
Net earnings attributable to The Marcus Corporation		54
Balance Sheet
Other accrued liabilities		3,369			3,296
Total current liabilities		3,369
Other Deferred Compensation Arrangements, Liability, Classified, Noncurrent		217			217
Retained earnings		(3,586)			$ (3,513)
Shareholders equity attributable to The Marcus Corporation		(3,586)
Total equity		$ (3,586)
[1]	Included in other revenues is an immaterial amount related to rental income that is not considered contract revenue from contracts with customers under ASC No. 2014-09.
[2]	Revenues include cost reimbursements of $7,772 for the 13 weeks ended March 29, 2018 (Theatres - $479, Hotels/Resorts - $7,293) and $7,502 for the 13 weeks ended March 30, 2017 (Theatres - $618, Hotels/Resorts - $6,884).
[3]	The amounts reflect each affected financial statement line item as they would have been reported under US GAAP prior to the adoption of ASU No. 2014-09.

General (Details Textual)

General (Details Textual) - USD ($)	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017	Dec. 29, 2017	Dec. 28, 2017
Summary of Significant Accounting Policies [Line Items]
Depreciation	$ 14,036,000	$ 12,172,000
Percentage Of Cash Dividends	110.00%
Interest Rate Fair Value Hedge Liability at Fair Value	$ 197,000
Interest Rate Fair Value Hedge Asset at Fair Value				$ 13,000
Trading Securities, Fair Value Disclosure	4,031,000			$ 4,053,000
Reimbursed Costs	7,772,000	7,502,000
Deferred Revenue	32,913,000		$ 36,007,000
Contract Revenue Reclassified From Deferred Revenue	10,201,000
Revenue, Remaining Performance Obligation	$ 4,817,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year 3 months 18 days
Net Cash Provided by (Used in) Investing Activities	$ (16,149,000)	(21,801,000)
Postemployment Benefits Reclassified Operating Income To Other Expense		$ 428,000
Theatres Segment [Member]
Summary of Significant Accounting Policies [Line Items]
Contract Revenue Reclassified From Deferred Revenue	9,252,000
Hotels or Resorts [Member]
Summary of Significant Accounting Policies [Line Items]
Contract Revenue Reclassified From Deferred Revenue	850,000
Revenue, Remaining Performance Obligation	$ 233,000

Long-Term Debt and Capital Le23

Long-Term Debt and Capital Lease Obligations (Details Textual) - USD ($)	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017	Mar. 01, 2018	Jan. 31, 2018	Dec. 28, 2017
Derivative, Amount of Hedged Item			$ 50,000,000	$ 25,000,000
Derivative Liability, Notional Amount	$ 25,000,000
Term Of Licensing Agreement	10 years
Commitment Minimum Lease Payments	$ 6,163,000
Repayments of Long-term Capital Lease Obligations	432,000	$ 255,000
Obligation To Be Reduced In Next 12 Months	5,484,000
Interest Rate Fair Value Hedge Liability at Fair Value	197,000
Digital Systems [Member]
Capital Leases, Balance Sheet, Assets by Major Class, Net	45,510,000				$ 45,510,000
Finite-Lived Intangible Assets, Accumulated Amortization	36,015,000				34,471,000
Furniture and Fixtures [Member]
Capital Leases, Balance Sheet, Assets by Major Class, Net	316,000				255,000
Capital Leased Assets, Gross	1,712,000				1,712,000
Building and Building Improvements [Member]
Capital Leases, Balance Sheet, Assets by Major Class, Net	2,706,000				2,300,000
Capital Leased Assets, Gross	25,648,000				$ 25,648,000
Furniture and Fixtures AND Building and Building Improvements [Member]
Repayments of Long-term Capital Lease Obligations	$ 808,000
Unsecured Senior Notes [Member]
Debt Instrument, Face Amount		$ 50,000,000
Debt Instrument, Interest Rate, Stated Percentage		4.32%
Interest Rate Swap [Member]
Derivative, Fixed Interest Rate			2.559%	0.96%
Derivative, Variable Interest Rate	1.938%
Decrease In Interest Expense	$ 13,000
Mortgage Notes [Member]
Debt Instrument, Face Amount		$ 15,000,000
Debt Instrument, Interest Rate, Basis for Effective Rate		2.75
Debt Instrument, Interest Rate, Effective Percentage		3.75%
Repayments of Notes Payable		$ 24,226,000
First Interest Rate Swap [Member]
Derivative, Fixed Interest Rate	2.687%
Derivative, Description of Variable Rate Basis	one-month LIBOR 1.938%
Derivative, Basis Spread on Variable Rate	1.938%
Second Interest Rate Swap [Member]
Derivative, Description of Variable Rate Basis	one-month LIBOR 1.938%
Derivative, Basis Spread on Variable Rate	1.938%

Income Taxes (Details Textual)

Income Taxes (Details Textual)	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017
Income Taxes [Line Items]
Effective Income Tax Rate	25.80%	37.70%

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 29, 2018	Mar. 30, 2017
Segment Reporting Information [Line Items]
Revenues	[1]	$ 168,191	$ 165,456
Operating income (loss)		17,016	18,453
Depreciation and amortization		13,904	12,248
Theatres [Member]
Segment Reporting Information [Line Items]
Revenues	[1]	112,935	112,006
Operating income (loss)		23,983	24,723
Depreciation and amortization		9,228	7,793
Hotels/Resorts [Member]
Segment Reporting Information [Line Items]
Revenues	[1]	55,168	53,340
Operating income (loss)		(2,649)	(2,675)
Depreciation and amortization		4,590	4,357
Corporate Items [Member]
Segment Reporting Information [Line Items]
Revenues	[1]	88	110
Operating income (loss)		(4,318)	(3,595)
Depreciation and amortization		$ 86	$ 98
[1]	Revenues include cost reimbursements of $7,772 for the 13 weeks ended March 29, 2018 (Theatres - $479, Hotels/Resorts - $7,293) and $7,502 for the 13 weeks ended March 30, 2017 (Theatres - $618, Hotels/Resorts - $6,884).

Business Segment Information 26

Business Segment Information (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 29, 2018	Mar. 30, 2017
Reimbursement Revenue	$ 7,772	$ 7,502
Theatres [Member]
Reimbursement Revenue	479	618
Hotels Resorts [Member]
Reimbursement Revenue	$ 7,293	$ 6,884