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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity, Attributable to Parent [Abstract] |
Schedule of repurchases of common stock | Following is a summary of the shares repurchased during fiscal year 2024:
(in thousands, except per share data) | NUMBER OF SHARES |  | AVERAGE REPURCHASE PRICE PER SHARE |  | AMOUNT
First fiscal quarter | 6,948 |  |  | $ | 27.13 |  |  | $ | 188,500 |
Second fiscal quarter (1) | 2,156 |  |  | $ | 27.36 |  |  | 59,000 |
Total common stock repurchases (2) | 9,104 |  |  | $ | 27.18 |  |  | $ | 247,500 |
________________ (1)Includes $44.0 million of share repurchases in connection with the ASR Agreement that settled during the thirteen weeks ended June 30, 2024. (2)Excludes $0.4 million of fees recorded in Accumulated deficit related to repurchases under the ASR Agreement. Subsequent to June 30, 2024, the Company repurchased 823 thousand shares of its common stock for $15.6 million under the 2024 Share Repurchase Program through August 2, 2024 under a Rule 10b5-1 plan.
Dividends declared and paid | The Company declared and paid dividends per share during fiscal year 2024 as follows:
(dollars in thousands, except per share data) |  |  | DIVIDENDS PER SHARE |  |  |  | AMOUNT
First fiscal quarter |  |  | $ | 0.24 |  |  |  |  | $ | 21,075 |
Second fiscal quarter |  |  | 0.24 |  |  |  |  | 20,762 |
Total cash dividends declared and paid |  |  | $ | 0.48 |  |  |  |  | $ | 41,837 |
Schedule of accumulated other comprehensive loss | Following are the components of AOCL as of the periods indicated:
(dollars in thousands) | JUNE 30, 2024 |  | DECEMBER 31, 2023
Foreign currency translation adjustment | $ | (189,478) |  |  | $ | (177,689) |
Unrealized gain (loss) on derivatives, net of tax | 872 |  |  | (615) |
Accumulated other comprehensive loss | $ | (188,606) |  |  | $ | (178,304) |
Other comprehensive (loss) income | Following are the components of Other comprehensive (loss) income attributable to Bloomin’ Brands for the periods indicated:
| THIRTEEN WEEKS ENDED |  | TWENTY-SIX WEEKS ENDED
(dollars in thousands) | JUNE 30, 2024 |  | JUNE 25, 2023 |  | JUNE 30, 2024 |  | JUNE 25, 2023
Foreign currency translation adjustment | $ | (9,858) |  |  | $ | 4,502 |  |  | $ | (11,789) |  |  | $ | 3,368 |
Change in fair value of derivatives, net of tax | 898 |  |  | — |  |  | 2,333 |  |  | — |
Reclassification realized in Net income (loss), net of tax | (568) |  |  | — |  |  | (846) |  |  | — |
Gain on derivatives, net of tax | 330 |  |  | — |  |  | 1,487 |  |  | — |
Other comprehensive (loss) income attributable to Bloomin’ Brands | $ | (9,528) |  |  | $ | 4,502 |  |  | $ | (10,302) |  |  | $ | 3,368 |

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