XML 24 R18.htm IDEA: XBRL DOCUMENT
v3.19.3

Stockholders' Equity | 9 Months Ended
--- | ---
Sep. 29, 2019
Stockholders' Equity Attributable to Parent [Abstract] |
Stockholders' Equity | Stockholders’ Equity Share Repurchases - On February 12, 2019, the Company’s Board of Directors (the “Board”) canceled the remaining $36.0 million of authorization under the 2018 Share Repurchase Program and approved a new $150.0 million authorization (the “2019 Share Repurchase Program”). The 2019 Share Repurchase Program will expire on August 12, 2020. As of September 29, 2019, $43.0 million remained available for repurchase under the 2019 Share Repurchase Program. Following is a summary of the shares repurchased under the Company’s share repurchase program during fiscal year 2019:
(in thousands, except per share data) | NUMBER OF SHARES |  | AVERAGE REPURCHASE PRICE PER SHARE |  | AMOUNT
Second fiscal quarter | 5,469 |  |  | $ | 19.56 |  |  | $ | 106,992 |
Dividends - The Company declared and paid dividends per share during fiscal year 2019 as follows:
(in thousands, except per share data) | DIVIDENDS PER SHARE |  | AMOUNT
First fiscal quarter | $ | 0.10 |  |  | $ | 9,140 |
Second fiscal quarter | 0.10 |  |  | 9,227 |
Third fiscal quarter | 0.10 |  |  | 8,674 |
Total cash dividends declared and paid | $ | 0.30 |  |  | $ | 27,041 |
In October 2019, the Board declared a quarterly cash dividend of $0.10 per share, payable on November 27, 2019, to shareholders of record at the close of business on November 18, 2019. Accumulated Other Comprehensive Loss (“AOCL”) - Following are the components of AOCL as of the periods indicated:
(dollars in thousands) | SEPTEMBER 29, 2019 |  | DECEMBER 30, 2018
Foreign currency translation adjustment | $ | (148,191 | ) |  | $ | (135,149 | )
Unrealized loss on derivatives, net of tax | (20,684 | ) |  | (7,606 | )
Accumulated other comprehensive loss | $ | (168,875 | ) |  | $ | (142,755 | )
Following are the components of Other comprehensive loss attributable to Bloomin’ Brands for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018 |  | SEPTEMBER 29, 2019 |  | SEPTEMBER 30, 2018
Foreign currency translation adjustment | $ | (10,305 | ) |  | $ | (16,591 | ) |  | $ | (13,042 | ) |  | $ | (45,626 | )
Unrealized (loss) gain on derivatives, net of tax (1) | $ | (2,036 | ) |  | $ | 38 |  |  | $ | (13,656 | ) |  | $ | 1,221 |
Reclassification of adjustments for loss (gain) on derivatives included in Net income, net of tax (2) | 812 |  |  | (51 | ) |  | 578 |  |  | 328 |
Total unrealized (loss) gain on derivatives, net of tax | $ | (1,224 | ) |  | $ | (13 | ) |  | $ | (13,078 | ) |  | $ | 1,549 |
Other comprehensive loss attributable to Bloomin’ Brands | $ | (11,529 | ) |  | $ | (16,604 | ) |  | $ | (26,120 | ) |  | $ | (44,077 | )
________________
(1) | Unrealized (loss) gain on derivatives is net of tax of $(0.7) million for the thirteen weeks ended September 29, 2019 and $(4.7) million and $0.4 million for the thirty-nine weeks ended September 29, 2019 and September 30, 2018, respectively.
(2) Reclassifications of adjustments for loss (gain) on derivatives are net of tax. See Note 12 - Derivative Instruments and Hedging Activities for the tax impact of reclassifications.

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration