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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 25, 2022
Dec. 26, 2021
Revenues      
Restaurant sales, franchise and other revenues $ 4,671,470 $ 4,416,508 $ 4,122,385
Costs and expenses      
Food and beverage 1,409,649 1,383,632 1,229,689
Labor and other related 1,325,339 1,226,460 1,154,623
Other restaurant operating 1,126,123 1,065,662 1,006,371
Depreciation and amortization 191,171 169,617 163,391
General and administrative 260,470 234,752 245,616
Provision for impaired assets and restaurant closings 33,574 5,964 13,737
Total costs and expenses 4,346,326 4,086,087 3,813,427
Income from operations 325,144 330,421 308,958
Loss on extinguishment and modification of debt 0 (107,630) (2,073)
Loss on fair value adjustment of derivatives, net 0 (17,685) 0
Interest expense, net (52,169) (53,199) (57,588)
Income before provision for income taxes 272,975 151,907 249,297
Provision for income taxes 18,561 42,704 26,384
Net income 254,414 109,203 222,913
Less: net income attributable to noncontrolling interests 7,028 7,296 7,358
Net income attributable to Bloomin’ Brands 247,386 101,907 215,555
Other comprehensive income:      
Foreign currency translation adjustment 7,622 10,169 (6,597)
Net (loss) gain on derivatives, including the impact of terminated swap agreements, net of tax (615) 10,509 12,054
Comprehensive income 261,421 129,881 228,370
Less: comprehensive income attributable to noncontrolling interests 7,028 7,296 7,358
Comprehensive income attributable to Bloomin’ Brands $ 254,393 $ 122,585 $ 221,012
Earnings per share:      
Basic (in USD per share) $ 2.84 $ 1.15 $ 2.42
Diluted (in USD per share) $ 2.56 $ 1.03 $ 2.00
Weighted average common shares outstanding:      
Basic (shares) 87,230 88,846 88,981
Diluted (shares) 96,453 98,512 107,803
Cash dividends declared per common share $ 0.96 $ 0.56 $ 0
Restaurant sales      
Revenues      
Restaurant sales, franchise and other revenues $ 4,607,408 $ 4,352,695 $ 4,061,093
Franchise and other revenues      
Revenues      
Restaurant sales, franchise and other revenues $ 64,062 $ 63,813 $ 61,292