2017 Q1 Form 10-Q Financial Statement

#000114420417025611 Filed on May 09, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $158.0M $125.4M
YoY Change 25.92% 4.4%
Cost Of Revenue $96.00M $70.10M
YoY Change 36.95% 2.64%
Gross Profit $69.50M $55.30M
YoY Change 25.68% 6.55%
Gross Profit Margin 44.0% 44.08%
Selling, General & Admin $30.40M $25.90M
YoY Change 17.37% 0.78%
% of Gross Profit 43.74% 46.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.17M $10.19M
YoY Change 19.44% 4.74%
% of Gross Profit 17.51% 18.43%
Operating Expenses $51.00M $44.00M
YoY Change 15.91% -0.45%
Operating Profit $18.03M $11.35M
YoY Change 58.87% 49.11%
Interest Expense $2.924M $2.409M
YoY Change 21.38% -0.74%
% of Operating Profit 16.22% 21.23%
Other Income/Expense, Net -$3.624M -$2.535M
YoY Change 42.96% -9.43%
Pretax Income $14.83M $8.811M
YoY Change 68.3% 83.18%
Income Tax $5.712M $3.531M
% Of Pretax Income 38.52% 40.07%
Net Earnings $9.453M $5.452M
YoY Change 73.39% 76.38%
Net Earnings / Revenue 5.98% 4.35%
Basic Earnings Per Share
Diluted Earnings Per Share $334.5K $197.8K
COMMON SHARES
Basic Shares Outstanding 27.71K shares 27.49K shares
Diluted Shares Outstanding 28.38K shares 27.76K shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.70M $9.000M
YoY Change 18.89% 42.86%
Cash & Equivalents $10.72M $8.963M
Short-Term Investments
Other Short-Term Assets $11.46M $6.851M
YoY Change 67.29% 14.76%
Inventory
Prepaid Expenses
Receivables $13.60M $10.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $40.02M $45.33M
YoY Change -11.72% 26.23%
LONG-TERM ASSETS
Property, Plant & Equipment $802.9M $673.3M
YoY Change 19.23% 2.06%
Goodwill $43.70M $44.19M
YoY Change -1.1% 0.99%
Intangibles
YoY Change
Long-Term Investments $6.000M $6.400M
YoY Change -6.25% 72.97%
Other Assets $35.40M $37.61M
YoY Change -5.88% 5.56%
Total Long-Term Assets $888.0M $761.6M
YoY Change 16.6% 2.52%
TOTAL ASSETS
Total Short-Term Assets $40.02M $45.33M
Total Long-Term Assets $888.0M $761.6M
Total Assets $928.0M $806.9M
YoY Change 15.01% 3.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $42.69M $22.99M
YoY Change 85.67% 17.17%
Accrued Expenses $72.60M $64.60M
YoY Change 12.38% 2.87%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $12.06M $42.74M
YoY Change -71.78% 413.09%
Total Short-Term Liabilities $136.8M $141.3M
YoY Change -3.2% 47.52%
LONG-TERM LIABILITIES
Long-Term Debt $276.6M $196.5M
YoY Change 40.79% -15.96%
Other Long-Term Liabilities $44.50M $44.70M
YoY Change -0.45% 12.88%
Total Long-Term Liabilities $276.6M $196.5M
YoY Change 40.79% -15.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $136.8M $141.3M
Total Long-Term Liabilities $276.6M $196.5M
Total Liabilities $413.4M $337.8M
YoY Change 22.38% 2.5%
SHAREHOLDERS EQUITY
Retained Earnings $327.8M
YoY Change 6.61%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $48.25M
YoY Change 3.03%
Treasury Stock Shares 3.431M shares 3.705M shares
Shareholders Equity $398.1M $362.6M
YoY Change
Total Liabilities & Shareholders Equity $928.0M $806.9M
YoY Change 15.01% 3.61%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $9.453M $5.452M
YoY Change 73.39% 76.38%
Depreciation, Depletion And Amortization $12.17M $10.19M
YoY Change 19.44% 4.74%
Cash From Operating Activities $25.88M $10.50M
YoY Change 146.51% -49.52%
INVESTING ACTIVITIES
Capital Expenditures $22.23M $16.51M
YoY Change 34.68% -20.84%
Acquisitions
YoY Change
Other Investing Activities -$419.0K $500.0K
YoY Change -183.8% -130.77%
Cash From Investing Activities -$21.80M -$13.90M
YoY Change 56.83% -30.5%
FINANCING ACTIVITIES
Cash Dividend Paid $3.366M $2.997M
YoY Change 12.31% 18.46%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $24.40M $1.490M
YoY Change 1537.52% 26.7%
Cash From Financing Activities $2.122M 5.700M
YoY Change -62.77% -267.65%
NET CHANGE
Cash From Operating Activities $25.88M 10.50M
Cash From Investing Activities -21.80M -13.90M
Cash From Financing Activities $2.122M 5.700M
Net Change In Cash $28.01M 2.300M
YoY Change 1117.65% -188.46%
FREE CASH FLOW
Cash From Operating Activities $25.88M $10.50M
Capital Expenditures $22.23M $16.51M
Free Cash Flow $3.655M -$6.005M
YoY Change -160.87% 12155.1%

Facts In Submission

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5636000 USD
CY2013Q1 us-gaap Derivative Amount Of Hedged Item
DerivativeAmountOfHedgedItem
25000000 USD
CY2017Q1 us-gaap Derivative Liability Notional Amount
DerivativeLiabilityNotionalAmount
25000000 USD
CY2016Q2 us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
159000 USD
CY2016Q2 mcs Derivative Instruments Loss Reclassified From Accumulated Income Effective Portion Net Of Tax
DerivativeInstrumentsLossReclassifiedFromAccumulatedIncomeEffectivePortionNetOfTax
96000 USD
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27708 shares
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
675 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28383 shares
CY2017Q1 mcs Percentage Of Cash Dividends
PercentageOfCashDividends
1.1 pure
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-30
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
MARCUS CORP
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000062234
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-28
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2017Q1 dei Trading Symbol
TradingSymbol
MCS
CY2017Q1 us-gaap Land And Land Improvements
LandAndLandImprovements
137909000 USD
CY2016Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
134306000 USD
CY2017Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
701261000 USD
CY2016Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
699828000 USD
CY2017Q1 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
83311000 USD
CY2016Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
80522000 USD
CY2017Q1 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
315050000 USD
CY2016Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
312334000 USD
CY2017Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
36357000 USD
CY2016Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
19698000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1273888000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1246688000 USD
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
471028000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
457490000 USD
CY2017Q1 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
443071000 USD
CY2016Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
435928000 USD
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
3430918 shares
CY2016Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
3517951 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
204000 USD
CY2017Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1
CY2017Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-3196000 USD
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-2535000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
9000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
35000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
0 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
77000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
13000 USD
CY2016Q1 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
0 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-5069000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-54000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-14000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
9000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-86000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-20000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-95000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-11000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-11000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-5219000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Reclassification Adjustments Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsNetOfTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
0 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-5219000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5221000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-115000 USD
CY2016Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-20000 USD
CY2016Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5316000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
363352000 USD
CY2016Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
7000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
2346000 USD
CY2016Q1 us-gaap Minority Interest
MinorityInterest
1862000 USD
CY2016Q1 mcs Effective Income Tax Rate
EffectiveIncomeTaxRate
0.393 pure
CY2016Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
659000 USD
CY2017Q1 mcs Effective Income Tax Rate
EffectiveIncomeTaxRate
0.377 pure
CY2017Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
191000 USD
CY2016Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
216000 USD
CY2017Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
339000 USD
CY2016Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
352000 USD
CY2017Q1 mcs Defined Benefit Plan Net Amortization Of Prior Service Cost And Actuarial Loss
DefinedBenefitPlanNetAmortizationOfPriorServiceCostAndActuarialLoss
89000 USD
CY2016Q1 mcs Defined Benefit Plan Net Amortization Of Prior Service Cost And Actuarial Loss
DefinedBenefitPlanNetAmortizationOfPriorServiceCostAndActuarialLoss
91000 USD
CY2017Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
619000 USD
CY2017Q1 us-gaap Depreciation
Depreciation
12172000 USD
CY2016Q1 us-gaap Depreciation
Depreciation
10191000 USD
CY2017Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
70000 USD
CY2016Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
93000 USD
CY2017Q1 us-gaap Trading Securities
TradingSecurities
1980000 USD
CY2016Q4 us-gaap Trading Securities
TradingSecurities
1927000 USD
CY2017Q1 us-gaap Interest Rate Fair Value Hedge Asset At Fair Value
InterestRateFairValueHedgeAssetAtFairValue
46000 USD
CY2016Q4 us-gaap Interest Rate Fair Value Hedge Asset At Fair Value
InterestRateFairValueHedgeAssetAtFairValue
6000 USD
CY2017Q1 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
45510000 USD
CY2016Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
45510000 USD
CY2017Q1 mcs Change In Accounts Payable For Additions To Property And Equipment
ChangeInAccountsPayableForAdditionsToPropertyAndEquipment
5376000 USD
CY2016Q1 mcs Change In Accounts Payable For Additions To Property And Equipment
ChangeInAccountsPayableForAdditionsToPropertyAndEquipment
-2249000 USD

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