Net Income Attributable to Bloomin' Brands, Inc. Per Common Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Net income attributable to Bloomin’ Brands, Inc. per common share

Net Income Attributable to Bloomin’ Brands, Inc. Per Common Share

Basic net income attributable to Bloomin’ Brands, Inc. per common share is computed on the basis of the weighted average number of common shares that were outstanding during the period. Diluted net income attributable to Bloomin’ Brands, Inc. per common share includes the dilutive effect of common stock equivalents consisting of restricted stock and stock options, using the treasury stock method. Performance-based restricted stock and stock options are considered dilutive when the related performance criterion has been met.

The computation of basic and diluted net income attributable to Bloomin’ Brands, Inc. per common share is as follows (in thousands, except share and per share amounts):

	THREE MONTHS ENDED				SIX MONTHS ENDED
	JUNE 30,				JUNE 30,
	2012		2011		2012		2011
Net income attributable to Bloomin’ Brands, Inc.	$	17,440	$	14,003	$	67,439	$	68,895
Basic weighted average common shares outstanding	106,360,717		106,134,814		106,360,717		106,134,814
Effect of diluted securities:
Stock options	900,623		42,856		804,517		212,687
Unvested restricted stock	118,348		36,677		89,551		14,267
Diluted weighted average common shares outstanding	107,379,688		106,214,347		107,254,785		106,361,768
Basic net income attributable to Bloomin’ Brands, Inc. per common share	$	0.16	$	0.13	$	0.63	$	0.65
Diluted net income attributable to Bloomin’ Brands, Inc. per common share	$	0.16	$	0.13	$	0.63	$	0.65

Dilutive securities outstanding not included in the computation of net income attributable to Bloomin’ Brands, Inc. per common share because their effect was antidilutive were as follows:

	THREE MONTHS ENDED		SIX MONTHS ENDED
	JUNE 30,		JUNE 30,
	2012	2011	2012	2011
Stock options	550,000	1,488,000	550,000	1,488,000