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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 29, 2024
Stockholders' Equity Note [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 |
Third fiscal quarter | 969 |  |  | $ | 18.78 |  |  | 18,195 |
Total common stock repurchases (2) | 10,073 |  |  | $ | 26.38 |  |  | $ | 265,695 |
________________ (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.
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 |
Third fiscal quarter |  |  | 0.24 |  |  |  |  | 20,375 |
Total cash dividends declared and paid |  |  | $ | 0.72 |  |  |  |  | $ | 62,212 |
Schedule of accumulated other comprehensive loss | The following table is a rollforward of the components of AOCL for the periods indicated:
| THIRTEEN WEEKS ENDED |  | THIRTY-NINE WEEKS ENDED
(dollars in thousands) | SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023 |  | SEPTEMBER 29, 2024 |  | SEPTEMBER 24, 2023
Foreign currency translation adjustment: |  |  |  |  |  |  |
Balance, beginning of the period | $ | (189,478) |  |  | $ | (181,943) |  |  | $ | (177,689) |  |  | $ | (185,311) |
Foreign currency translation adjustment | (11,849) |  |  | 3,103 |  |  | (23,638) |  |  | 6,471 |
Balance, end of the period | $ | (201,327) |  |  | $ | (178,840) |  |  | $ | (201,327) |  |  | $ | (178,840) |
Loss on derivatives, net of tax: |  |  |  |  |  |  |
Balance, beginning of the period | $ | 872 |  |  |  |  | $ | (615) |  |  |
Change in fair value of derivatives, net of tax | (2,917) |  |  |  |  | (584) |  |  |
Reclassification realized in Net income (loss), net of tax | (557) |  |  |  |  | (1,403) |  |  |
Balance, end of the period | $ | (2,602) |  |  |  |  | $ | (2,602) |  |  |
Accumulated other comprehensive loss: |  |  |  |  |  |  |
Balance beginning of the period | $ | (188,606) |  |  | $ | (181,943) |  |  | $ | (178,304) |  |  | $ | (185,311) |
Other comprehensive (loss) income attributable to Bloomin' Brands | (15,323) |  |  | 3,103 |  |  | (25,625) |  |  | 6,471 |
Balance, end of the period | $ | (203,929) |  |  | $ | (178,840) |  |  | $ | (203,929) |  |  | $ | (178,840) |

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