XML 49 R36.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Stockholders' Equity (Tables)

6 Months Ended

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

X

- Definition

Tabular disclosure related to repurchases of common stock under a share repurchase program.

+ References

No definition available.

+ Details

Name:	blmn_ScheduleOfRepurchasesOfCommonStockTableTextBlock
Namespace Prefix:	blmn_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information related to dividends declared, including paid and unpaid dividends.

+ References

No definition available.

+ Details

Name:	us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration