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Earnings (Loss) Per Share (Tables)

6 Months Ended

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

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(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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- References

No definition available.

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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

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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

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