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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jul. 01, 2018
Jun. 30, 2019
Jul. 01, 2018
Revenues        
Restaurant sales, franchise and other revenues $ 1,021,930 $ 1,031,814 $ 2,150,061 $ 2,148,279
Costs and expenses        
Cost of sales 312,679 322,790 664,790 674,922
Labor and other related 301,213 301,921 620,228 612,983
Other restaurant operating 240,895 238,379 491,749 491,724
Depreciation and amortization 49,788 50,782 99,270 100,902
General and administrative 71,955 76,129 142,544 144,825
Provision for impaired assets and restaurant closings 1,940 8,889 5,526 11,628
Total costs and expenses 978,470 998,890 2,024,107 2,036,984
Income from operations 43,460 32,924 125,954 111,295
Other income (expense), net 12 (6) (156) (5)
Interest expense, net (12,448) (11,319) (23,629) (21,629)
Income before provision (benefit) for income taxes 31,024 21,599 102,169 89,661
Provision (benefit) for income taxes 1,215 (5,124) 6,711 (3,199)
Net income 29,809 26,723 95,458 92,860
Less: net income attributable to noncontrolling interests 788 2 2,137 741
Net income attributable to Bloomin’ Brands 29,021 26,721 93,321 92,119
Other comprehensive income (loss):        
Foreign currency translation adjustment (8,476) (30,044) (2,721) (28,695)
Unrealized (loss) gain on derivatives, net of tax (7,239) 296 (11,620) 1,184
Reclassification of adjustment for loss (gain) on derivatives included in Net income, net of tax 130 71 (234) 379
Comprehensive income (loss) 14,224 (2,954) 80,883 65,728
Less: comprehensive income attributable to noncontrolling interests 896 360 2,153 1,081
Comprehensive income (loss) attributable to Bloomin’ Brands $ 13,328 $ (3,314) $ 78,730 $ 64,647
Earnings per share:        
Basic earnings per share $ 0.32 $ 0.29 $ 1.03 $ 1.00
Diluted earnings per share $ 0.32 $ 0.28 $ 1.02 $ 0.97
Weighted average common shares outstanding:        
Basic (shares) 90,194 92,120 90,805 92,194
Diluted (shares) 90,953 94,361 91,807 95,072
Restaurant sales [Member]        
Revenues        
Restaurant sales, franchise and other revenues $ 1,005,687 $ 1,015,484 $ 2,117,329 $ 2,114,487
Franchise and other revenues [Member]        
Revenues        
Restaurant sales, franchise and other revenues $ 16,243 $ 16,330 $ 32,732 $ 33,792