XML 21 R10.htm IDEA: XBRL DOCUMENT
v3.23.3

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 24, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share The following table presents the computation of basic and diluted earnings per share for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(in thousands, except per share data) | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022
Net income attributable to Bloomin’ Brands | $ | 44,528 |  |  | $ | 31,986 |  |  | $ | 204,116 |  |  | $ | 43,862 |
Basic weighted average common shares outstanding | 88,707 |  |  | 89,192 |  |  | 88,794 |  |  | 89,149 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options | 474 |  |  | 173 |  |  | 423 |  |  | 261 |
Nonvested restricted stock units | 200 |  |  | 117 |  |  | 201 |  |  | 167 |
Nonvested performance-based share units | — |  |  | — |  |  | 95 |  |  | 96 |
Convertible senior notes (1) | 5,367 |  |  | 3,690 |  |  | 5,067 |  |  | 6,732 |
Warrants (1) | 3,800 |  |  | 1,564 |  |  | 3,407 |  |  | 3,204 |
Diluted weighted average common shares outstanding | 98,548 |  |  | 94,736 |  |  | 97,987 |  |  | 99,609 |
Basic earnings per share | $ | 0.50 |  |  | $ | 0.36 |  |  | $ | 2.30 |  |  | $ | 0.49 |
Diluted earnings per share | $ | 0.45 |  |  | $ | 0.34 |  |  | $ | 2.08 |  |  | $ | 0.44 |
_____________ (1)During the thirty-nine weeks ended September 25, 2022, the Company repurchased $125.0 million of the convertible notes due in 2025 and settled the corresponding portion of the related warrants (the “2025 Notes Partial Repurchase”). Share-based compensation-related weighted average securities outstanding not included in the computation of earnings per share because their effect was antidilutive were as follows for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED |  |
(shares in thousands) | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 25, 2022
Stock options | — |  |  | 2,297 |  |  | 471 |  |  | 2,012 |  |  |
Nonvested restricted stock units | — |  |  | 150 |  |  | 47 |  |  | 249 |  |  |
Nonvested performance-based share units | 373 |  |  | 771 |  |  | 433 |  |  | 574 |  |  |

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration