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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 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:

			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.

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:

			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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- References

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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

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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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
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