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Stockholders' Equity (Tables)
9 Months Ended
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 SHAREAMOUNT
First fiscal quarter6,948 $27.13 $188,500 
Second fiscal quarter (1)2,156 $27.36 59,000 
Third fiscal quarter969 $18.78 18,195 
Total common stock repurchases (2)10,073 $26.38 $265,695 
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(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 SHAREAMOUNT
First fiscal quarter$0.24 $21,075 
Second fiscal quarter0.24 20,762 
Third fiscal quarter0.24 20,375 
Total cash dividends declared and paid$0.72 $62,212 
Schedule of accumulated other comprehensive loss The following table is a rollforward of the components of AOCL for the periods indicated:
THIRTEEN WEEKS ENDEDTHIRTY-NINE WEEKS ENDED
(dollars in thousands)SEPTEMBER 29, 2024SEPTEMBER 24, 2023SEPTEMBER 29, 2024SEPTEMBER 24, 2023
Foreign currency translation adjustment:
Balance, beginning of the period$(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)