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(Loss) Earnings Per Share | 12 Months Ended
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Dec. 29, 2024
Earnings Per Share [Abstract] |
(Loss) Earnings Per Share | (Loss) Earnings Per Share In connection with the offering of the 2025 Notes, the Company entered into the Convertible Note Hedge Transactions and Warrant Transactions described in Note 11 - Convertible Senior Notes. However, the Convertible Note Hedge Transactions are not considered when calculating dilutive shares given their antidilutive impact as an offset to dilution of shares underlying the 2025 Notes. The Warrant Transactions have a dilutive effect on the Company’s common stock to the extent the price of its common stock exceeds the strike price of the Warrant Transactions. See Note 11 - Convertible Senior Notes for additional information regarding the 2025 Notes, Convertible Note Hedge Transactions and Warrant Transactions. The following table presents the computation of basic and diluted (loss) earnings per share for the periods indicated:
| FISCAL YEAR
(in thousands, except per share data) | 2024 |  | 2023 |  | 2022
Net (loss) income attributable to Bloomin’ Brands | $ | (128,018) |  |  | $ | 247,386 |  |  | $ | 101,907 |
Net (loss) income from discontinued operations, net of tax | (75,982) |  |  | 41,629 |  |  | 16,053 |
Net (loss) income attributable to Bloomin’ Brands from continuing operations | $ | (52,036) |  |  | $ | 205,757 |  |  | $ | 85,854 |
Basic weighted average common shares outstanding | 85,905 |  |  | 87,230 |  |  | 88,846 |
Effect of dilutive securities: |  |  |  |  |
Stock-based compensation awards | — |  |  | 767 |  |  | 623 |
Convertible senior notes (1) | — |  |  | 5,067 |  |  | 6,089 |
Warrants (1) | — |  |  | 3,389 |  |  | 2,954 |
Diluted weighted average common shares outstanding | 85,905 |  |  | 96,453 |  |  | 98,512 |
Basic (loss) earnings per share: |  |  |  |  |
Continuing operations | $ | (0.61) |  |  | $ | 2.36 |  |  | $ | 0.97 |
Discontinued operations | (0.88) |  |  | 0.48 |  |  | 0.18 |
Net basic (loss) earnings per share | $ | (1.49) |  |  | $ | 2.84 |  |  | $ | 1.15 |
Diluted (loss) earnings per share: |  |  |  |  |
Continuing operations | $ | (0.61) |  |  | $ | 2.13 |  |  | $ | 0.87 |
Discontinued operations | (0.88) |  |  | 0.43 |  |  | 0.16 |
Net diluted (loss) earnings per share | $ | (1.49) |  |  | $ | 2.56 |  |  | $ | 1.03 |
Antidilutive stock-based compensation awards | 1,706 |  |  | 924 |  |  | 2,502 |
________________ (1)During 2024, the Company repurchased $83.6 million of the 2025 Notes and settled the corresponding portion of the related warrants. See Note 11 - Convertible Senior Notes for additional details.

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