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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 27, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected quarterly financial data (unaudited)
Selected Quarterly Financial Data (Unaudited)

2015 FISCAL QUARTERS
(dollars in thousands, except per share data)
FIRST (1)
 
SECOND (1)
 
THIRD (1)
 
FOURTH (1)
Total revenues
$
1,202,059

 
$
1,099,597

 
$
1,026,721

 
$
1,049,299

Income from operations
97,701

 
62,585

 
38,724

 
31,915

Net income
62,082

 
33,056

 
17,405

 
19,017

Net income attributable to Bloomin’ Brands
60,588

 
32,226

 
16,811

 
17,702

Earnings per share:
 
 
 
 
 
 
 
  Basic
$
0.48

 
$
0.26

 
$
0.14

 
$
0.15

  Diluted
$
0.47

 
$
0.26

 
$
0.13

 
$
0.14

2014 FISCAL QUARTERS
(dollars in thousands, except per share data)
FIRST (2)
 
SECOND (2)
 
THIRD (2)
 
FOURTH (2)
Total revenues
$
1,157,859

 
$
1,110,912

 
$
1,065,454

 
$
1,108,486

Income (loss) from operations
90,026

 
62,391

 
(1,121
)
 
40,668

Net income (loss)
55,100

 
27,722

 
(10,830
)
 
23,934

Net income (loss) attributable to Bloomin’ Brands
53,733

 
26,391

 
(11,443
)
 
22,409

Earnings (loss) per share:
 
 
 
 
 
 
 
  Basic
$
0.43

 
$
0.21

 
$
(0.09
)
 
$
0.18

  Diluted
$
0.42

 
$
0.21

 
$
(0.09
)
 
$
0.17

____________________
(1)
Total revenues in the first quarter of 2015 include $24.3 million higher restaurant sales due to a change in the Company’s fiscal year end. Income from operations in the first quarter of 2015 includes $7.7 million of pre-tax impairments and restaurant closing costs incurred in connection with the Domestic and International Restaurant Closure Initiatives. Income from operations in the fourth quarter of 2015 includes $24.2 million of pre-tax asset impairments incurred in connection with the Bonefish Restructuring. Net income for the second quarter of 2015 includes $2.6 million of loss in connection with a refinancing of the Company’s Senior Secured Credit Facility. Net income in the first quarter of 2015 includes $4.9 million of less net income due to a change in the Company’s fiscal year end.
(2)
Total revenues in the first, third and fourth quarters of 2014 include $7.5 million, $6.9 million and $31.6 million, respectively, of lower restaurant sales due to a change in the Company’s fiscal year end. Income (loss) from operations in the first quarter of 2014 includes $4.9 million of pre-tax restaurant closing charges incurred in connection with the Domestic Restaurant Closure Initiative. Income (loss) from operations in the third and fourth quarters of 2014 includes asset impairment charges of $16.6 million and $7.4 million, respectively, associated with the Company’s decision to sell its Roy’s concept and corporate aircraft. Income (loss) from operations in the third and fourth quarters of 2014 includes $11.6 million and $10.3 million, respectively, of pre-tax impairments and restaurant closing costs incurred in connection with the International Restaurant Closure Initiative and $5.4 million and $3.6 million, respectively, of severance expense incurred as a result of the Company’s organizational realignment. Net income (loss) in the first, third and fourth quarters of 2014 includes $1.5 million, $1.4 million and $6.3 million, respectively, of less net income due to a change in the Company’s fiscal year end. Net income (loss) for the second quarter of 2014 includes an $11.1 million loss in connection with a refinancing of the Company’s Senior Secured Credit Facility.