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Earnings Per Share (Tables)

9 Months Ended

Sep. 24, 2023

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

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

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(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”).

Schedule of antidilutive securities excluded from computation of earnings per share

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

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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