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Stockholders' Equity
 12 Months Ended
Dec. 27, 2015
Stockholders' Equity Note [Abstract]  
Stockholders' equity
Stockholders’ Equity
Secondary Public Offering - In March 2015, Bain Capital Partners, LLC (“Bain Capital”) sold its remaining shares of the Company’s common stock through an underwritten secondary public offering. The selling stockholders received all of the proceeds from the offering. Pursuant to the underwriting agreement for the secondary public offering, the Company repurchased from the underwriters 2,759,164 of the shares sold by Bain Capital at a cost of $70.0 million.

Share Repurchases - In December 2014, the Board approved a share repurchase program (the “2014 Share Repurchase Program”) under which the Company was authorized to repurchase up to $100.0 million of its outstanding common stock. As of December 27, 2015, no shares remained available for purchase under the 2014 Share Repurchase Program.

In August 2015, the Board approved a new share repurchase program (the “2015 Share Repurchase Program”) under which the Company is authorized to repurchase up to $100.0 million of its outstanding common stock.

On February 12, 2016, the Company’s Board of Directors canceled the remaining $30.0 million of authorization under the 2015 Share Repurchase Program and approved a new $250.0 million authorization (the “2016 Share Repurchase Program”). The 2016 Share Repurchase Program will expire on August 12, 2017.

Following is a summary of the shares repurchased under the Company’s share repurchase programs:
 
NUMBER OF SHARES
(in thousands)
 
AVERAGE REPURCHASE PRICE PER SHARE
 
AMOUNT
(dollars in thousands)
Thirteen weeks ended March 29, 2015 (1)
2,759

 
$
25.37

 
$
70,000

Thirteen weeks ended June 28, 2015
1,370

 
$
21.90

 
30,000

Thirteen weeks ended September 27, 2015
2,914

 
$
20.59

 
59,999

Thirteen weeks ended December 27, 2015
602

 
$
16.60

 
10,000

Total common stock repurchases
7,645

 
$
22.24

 
$
169,999

________________
(1)
Includes the repurchase of $70.0 million of the Company’s common stock in connection with the secondary public offering by Bain Capital in March 2015.

Dividends - The Company declared and paid dividends per share during the periods presented as follows:
 
DIVIDENDS
PER SHARE
 
AMOUNT
(dollars in thousands)
Thirteen weeks ended March 29, 2015
$
0.06

 
$
7,423

Thirteen weeks ended June 28, 2015
0.06

 
7,391

Thirteen weeks ended September 27, 2015
0.06

 
7,333

Thirteen weeks ended December 27, 2015
0.06

 
7,185

Total cash dividends declared and paid
$
0.24

 
$
29,332



In February 2016, the Board declared a quarterly cash dividend of $0.07 per share, payable on March 10, 2016 to shareholders of record at the close of business on February 29, 2016.
Accumulated Other Comprehensive Loss - Following are the components of Accumulated other comprehensive loss (“AOCL”):
(dollars in thousands)
DECEMBER 27, 2015
 
DECEMBER 28, 2014
Foreign currency translation adjustment
$
(141,176
)
 
$
(58,149
)
Unrealized losses on derivatives, net of tax
(6,191
)
 
(2,393
)
Accumulated other comprehensive loss
$
(147,367
)
 
$
(60,542
)


Following are the components of Other comprehensive (loss) income during the periods presented:
 
FISCAL YEAR
(dollars in thousands)
2015
 
2014
 
2013
Bloomin’ Brands, Inc.:
 
 
 
 
 
Foreign currency translation adjustment
$
(92,259
)
 
$
(31,731
)
 
$
(17,597
)
Out-of period adjustment - foreign currency translation (1)
9,232

 
—

 
—

Total foreign currency translation adjustment
$
(83,027
)
 
$
(31,731
)
 
$
(17,597
)
Unrealized losses on derivatives, net of tax (2)
$
(6,033
)
 
$
(2,393
)
 
$
—

Reclassification of adjustment for loss on derivatives included in net income, net of tax (3)
2,235

 
—

 
—

Total unrealized losses on derivatives, net of tax
$
(3,798
)
 
$
(2,393
)
 
$
—

Reclassification of accumulated foreign currency translation adjustment for previously held equity investment
—

 
—

 
5,980

Other comprehensive loss attributable to Bloomin’ Brands, Inc.
$
(86,825
)
 
$
(34,124
)
 
$
(11,617
)
 
 
 
 
 
 
Non-controlling interests:
 
 
 
 
 
Foreign currency translation adjustment
$
9

 
$
—

 
$
—

Other comprehensive income attributable to Non-controlling interests
$
9

 
$
—

 
$
—

 
 
 
 
 
 
Redeemable non-controlling interests:
 
 
 
 
 
Foreign currency translation adjustment
$
(3,944
)
 
$
—

 
$
—

Out-of period adjustment - foreign currency translation (1)
(9,232
)
 
—

 
—

Total foreign currency translation adjustment
$
(13,176
)
 
$
—

 
$
—

Other comprehensive (loss) attributable to Redeemable non-controlling interests
$
(13,176
)
 
$
—

 
$
—

________________
(1)
In the third quarter of 2015, the Company identified and corrected errors in accounting for the allocation of foreign currency translation adjustments to Redeemable noncontrolling interests. See Note 2 - Summary of Significant Accounting Policies for further details.
(2)
Amounts attributable to Bloomin’ Brands, Inc. are net of tax benefit of $3.9 million and $1.5 million for the fiscal years 2015 and 2014, respectively.
(3)
Amounts attributable to Bloomin’ Brands, Inc. are net of tax benefit of $1.4 million for fiscal year 2015.

Noncontrolling Interests - In 2015, certain former equity holders of PGS Par contributed approximately $3.2 million to the Company for a noncontrolling interest in a new concept in Brazil (Abbraccio).