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Earnings (Loss) Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of earnings (loss) per share, basic and diluted | The following table presents the computation of basic and diluted earnings (loss) per share for the periods indicated:
| THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(in thousands, except per share data) | JUNE 30, 2024 |  | JUNE 25, 2023 |  | JUNE 30, 2024 |  | JUNE 25, 2023
Net income (loss) attributable to Bloomin’ Brands | $ | 28,403 |  |  | $ | 68,277 |  |  | $ | (55,469) |  |  | $ | 159,588 |
Basic weighted average common shares outstanding | 86,688 |  |  | 88,559 |  |  | 86,856 |  |  | 88,838 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options | 204 |  |  | 395 |  |  | — |  |  | 398 |
Nonvested restricted stock units | 86 |  |  | 132 |  |  | — |  |  | 201 |
Nonvested performance-based share units | — |  |  | — |  |  | — |  |  | 143 |
Convertible senior notes (1) | 1,005 |  |  | 5,002 |  |  | — |  |  | 4,917 |
Warrants (1) | 649 |  |  | 3,313 |  |  | — |  |  | 3,209 |
Diluted weighted average common shares outstanding | 88,632 |  |  | 97,401 |  |  | 86,856 |  |  | 97,706 |
Basic earnings (loss) per share | $ | 0.33 |  |  | $ | 0.77 |  |  | $ | (0.64) |  |  | $ | 1.80 |
Diluted earnings (loss) per share | $ | 0.32 |  |  | $ | 0.70 |  |  | $ | (0.64) |  |  | $ | 1.63 |
________________ (1)During the twenty-six weeks ended June 30, 2024, the Company repurchased $83.6 million of the convertible notes due in 2025 and settled the corresponding portion of the related note hedges and warrants (the “2025 Notes Partial Repurchase”).
Schedule of antidilutive securities excluded from computation of earnings (loss) per share | Share-based compensation-related weighted average securities outstanding not included in the computation of earnings (loss) per share because their effect was antidilutive were as follows for the periods indicated:
| THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED |  |
(shares in thousands) | JUNE 30, 2024 |  | JUNE 25, 2023 |  | JUNE 30, 2024 |  | JUNE 25, 2023
Stock options | 324 |  |  | 689 |  |  | 451 |  |  | 707 |  |  |
Nonvested restricted stock units | 55 |  |  | 21 |  |  | 199 |  |  | 70 |  |  |
Nonvested performance-based share units | 619 |  |  | 581 |  |  | 543 |  |  | 463 |  |  |

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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 + Details
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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 + Details
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