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Stockholders' Equity
9 Months Ended
Sep. 24, 2023
Equity, Attributable to Parent [Abstract]  
Stockholders' Equity Stockholders’ Equity
Share Repurchases - On February 7, 2023, the Company’s Board of Directors (the “Board”) approved a share repurchase program (the “2023 Share Repurchase Program”) under which the Company is authorized to repurchase up to $125.0 million of its outstanding common stock. The 2023 Share Repurchase Program will expire on August 7, 2024. As of September 24, 2023, $87.9 million remained available for repurchase under the 2023 Share Repurchase Program.

Following is a summary of the shares repurchased during fiscal year 2023:
(in thousands, except per share data)NUMBER OF SHARES AVERAGE REPURCHASE PRICE PER SHAREAMOUNT
First fiscal quarter863 $23.92 $20,645 
Second fiscal quarter619 $25.11 15,539 
Third fiscal quarter590 $27.03 15,956 
Total common stock repurchases (1)2,072 $25.16 $52,140 
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(1)Excludes excise tax on share repurchases. Subsequent to September 24, 2023, the Company repurchased 365 thousand shares of its common stock for $8.6 million through October 31, 2023 under a Rule 10b5-1 plan.

Dividends - The Company declared and paid dividends per share during fiscal year 2023 as follows:
(dollars in thousands, except per share data)DIVIDENDS PER SHAREAMOUNT
First fiscal quarter$0.24 $21,014 
Second fiscal quarter0.24 20,990 
Third fiscal quarter0.24 20,901 
Total cash dividends declared and paid$0.72 $62,905 

In October 2023, the Board declared a quarterly cash dividend of $0.24 per share, payable on November 29, 2023 to shareholders of record at the close of business on November 14, 2023.

Accumulated Other Comprehensive Loss (“AOCL”) - AOCL consisted of foreign currency translation adjustments as of September 24, 2023 and December 25, 2022.

Following are the components of Other comprehensive income (loss) attributable to Bloomin’ Brands for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 24, 2023SEPTEMBER 25, 2022SEPTEMBER 24, 2023SEPTEMBER 25, 2022
Foreign currency translation adjustment$3,103 $(13,041)$6,471 $10,182 
Unrealized gain on derivatives, net of tax— — — 573 
Reclassification of adjustments for loss on derivatives included in Net income, net of tax— — — 954 
Impact of terminated interest rate swaps included in Net income, net of tax— 2,255 — 7,440 
Total gain on derivatives, net of tax— 2,255 — 8,967 
Other comprehensive income (loss) attributable to Bloomin’ Brands$3,103 $(10,786)$6,471 $19,149