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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.