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Earnings Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Earnings Per Share In February 2021, the Company provided the trustee of its 2025 Notes notice of the Company’s irrevocable election to settle the principal portion of the 2025 Notes in cash and any excess of average market price of the Company’s common stock exceeding conversion price is to be settled in shares. As a result, subsequent to the election, only the amounts in excess of the principal amount are considered in diluted earnings per share. In connection with the offering of the 2025 Notes, the Company entered into the Convertible Note Hedge Transactions and Warrant Transactions described in Note 13 - Convertible Senior Notes. However, the Convertible Note Hedge Transactions are not considered when calculating dilutive shares given their antidilutive impact as an offset to dilution of shares underlying the 2025 Notes. The Warrant Transactions have a dilutive effect on the Company’s common stock to the extent the price of its common stock exceeds the strike price of the Warrant Transactions. See Note 13 - Convertible Senior Notes for additional information regarding the 2025 Notes, Convertible Note Hedge Transactions and Warrant Transactions. The following table presents the computation of basic and diluted earnings per share for the periods indicated:
| FISCAL YEAR
(in thousands, except per share data) | 2023 |  | 2022 |  | 2021
Net income attributable to Bloomin’ Brands | $ | 247,386 |  |  | $ | 101,907 |  |  | $ | 215,555 |
Convertible senior notes if-converted method interest adjustment, net of tax (1) | — |  |  | — |  |  | 345 |
Diluted net income attributable to Bloomin’ Brands | $ | 247,386 |  |  | $ | 101,907 |  |  | $ | 215,900 |
Basic weighted average common shares outstanding | 87,230 |  |  | 88,846 |  |  | 88,981 |
Effect of dilutive securities: |  |  |  |  |
Stock options | 381 |  |  | 261 |  |  | 779 |
Nonvested restricted stock units | 203 |  |  | 182 |  |  | 355 |
Nonvested performance-based share units | 183 |  |  | 180 |  |  | 61 |
Convertible senior notes (1)(2) | 5,067 |  |  | 6,089 |  |  | 11,377 |
Warrants (2) | 3,389 |  |  | 2,954 |  |  | 6,250 |
Diluted weighted average common shares outstanding | 96,453 |  |  | 98,512 |  |  | 107,803 |
Basic earnings per share | $ | 2.84 |  |  | $ | 1.15 |  |  | $ | 2.42 |
Diluted earnings per share | $ | 2.56 |  |  | $ | 1.03 |  |  | $ | 2.00 |
________________ (1)Adjustment for interest related to the 2025 Notes weighted for the portion of the period prior to the Company’s election under the 2025 Notes indenture to settle the principal portion of the 2025 Notes in cash. Effective with the Company’s election, there will be no further numerator adjustments for interest or denominator adjustments for shares required to settle the principal portion. (2)During 2022, the Company repurchased $125.0 million of the 2025 Notes and settled the corresponding portion of the related warrants. See Note 13 - Convertible Senior Notes for additional details. 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:
| FISCAL YEAR |  |
(shares in thousands) | 2023 |  | 2022 |  | 2021 |  |
Stock options | 521 |  |  | 1,849 |  |  | 751 |  |  |
Nonvested restricted stock units | 35 |  |  | 192 |  |  | 128 |  |  |
Nonvested performance-based share units | 368 |  |  | 461 |  |  | 377 |  |  |

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