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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 27, 2015
Accounting Policies [Abstract]  
Financial impact of change in fiscal year
The following table presents the impact of the change in the Company’s fiscal year on its Consolidated Statements of Operations and Comprehensive Income for the periods indicated:
FISCAL YEAR
 
FISCAL YEAR CHANGE IMPACT
(in operating days)
 
INCREASE/(DECREASE) (dollars in millions)
 
 
RESTAURANT SALES
 
NET INCOME ATTRIBUTABLE TO BLOOMIN’ BRANDS
2015
 
2
 
$
24.3

 
$
4.9

2014
 
(3)
 
$
(46.0
)
 
$
(9.2
)
Fair value measurements, recurring and nonrecurring, valuation techniques
Fair value is categorized into one of the following three levels based on the lowest level of significant input:
Level 1
Unadjusted quoted market prices in active markets for identical assets or liabilities
Level 2
Observable inputs available at measurement date other than quoted prices included in Level 1
Level 3
Unobservable inputs that cannot be corroborated by observable market data
Property, fixtures and equipment, useful lives
Estimated useful lives by major asset category are generally as follows:
Buildings and building improvements
20 to 30 years
Furniture and fixtures
5 to 7 years
Equipment
2 to 7 years
Leasehold improvements
5 to 20 years
Capitalized software
3 to 7 years
Property, fixtures and equipment, net, consisted of the following:
(dollars in thousands)
DECEMBER 27,
2015
 
DECEMBER 28,
2014
Land
$
256,906

 
$
262,141

Buildings and building improvements
1,043,699

 
998,787

Furniture and fixtures
392,849

 
368,638

Equipment
543,842

 
531,117

Leasehold improvements
492,628

 
457,623

Construction in progress
23,842

 
46,025

Less: accumulated depreciation
(1,159,306
)
 
(1,035,020
)
 
$
1,594,460

 
$
1,629,311
Recently adopted financial accounting standards, reclassification
The adoption of ASU No. 2015-03 and ASU No. 2015-15 had no impact on the Company’s Consolidated Statements of Operations and Comprehensive Income and resulted in the following reclassification in the Company’s Consolidated Balance Sheet as of December 28, 2014 (dollars in thousands):
Assets:
 
Other current assets, net
$
(1,826
)
Other assets, net
$
(4,220
)
 
 
Liabilities:
 
Current portion of long-term debt, net
$
(1,826
)
Long-term debt, net
$
(4,220
)
Schedule of error corrections and prior period adjustments
As a result, the Company recorded the cumulative adjustment in its Consolidated Statement of Stockholders’ Equity and Consolidated Statement of Operations and Comprehensive Income for fiscal year 2015:
 
 
FINANCIAL STATMENT LINE ITEM IMPACT
 
IMPACT BY PERIOD
 
CUMULATIVE ADJUSTMENT
 
 
 
FISCAL YEAR
 
 
 
 
 
(dollars in thousands)
 
 
2013
 
2014
 
Q1 2015
 
Q2 2015
 
Mezzanine equity:
 
 
 
 
 
 
 
 
 
 
 
 
Allocation of CTA to redeemable noncontrolling interests
 
Redeemable noncontrolling interests
 
$
(1,762
)
 
$
(2,677
)
 
$
(2,511
)
 
$
(2,282
)
 
$
(9,232
)
Adjustment for the change in the redemption value of redeemable interests
 
Redeemable noncontrolling interests
 
1,715

 
1,824

 
1,856

 
3,276

 
8,671

Net impact to Mezzanine equity
 
 
 
$
(47
)
 
$
(853
)
 
$
(655
)
 
$
994

 
$
(561
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Bloomin’ Brands stockholders’ equity:
 
 
 
 
 
 
 
 
 
 
 
 
Allocation of CTA to redeemable noncontrolling interests
 
Accumulated other comprehensive loss
 
$
1,762

 
$
2,677

 
$
2,511

 
$
2,282

 
$
9,232

Adjustment for the change in the redemption value of redeemable interests
 
Additional paid-in capital
 
(1,715
)
 
(1,824
)
 
(1,856
)
 
(3,276
)
 
(8,671
)
Net impact to Bloomin’ Brands stockholders’ equity
 
 
 
$
47

 
$
853

 
$
655

 
$
(994
)
 
$
561

 
 
 
 
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss):
 
 
 
 
 
 
 
 
 
 
 
 
Allocation of CTA to redeemable noncontrolling interests
 
Comprehensive income attributable to Bloomin’ Brands
 
$
1,762

 
$
2,677

 
$
2,511

 
$
2,282

 
$
9,232

Allocation of CTA to redeemable noncontrolling interests
 
Comprehensive (loss) income attributable to noncontrolling interests
 
(1,762
)
 
(2,677
)
 
(2,511
)
 
(2,282
)
 
(9,232
)
Net impact to Other comprehensive income
 
 
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—