Stockholders’ Equity

Share Repurchases - On February 16, 2018, the Company’s Board of Directors (the “Board”) canceled the remaining $55.0 million of authorization under the 2017 Share Repurchase Program and approved a new $150.0 million authorization (the “2018 Share Repurchase Program”). The 2018 Share Repurchase Program will expire on August 16, 2019. As of July 1, 2018, $69.0 million remained available for repurchase under the 2018 Share Repurchase Program. Following is a summary of the shares repurchased under the Company’s share repurchase program during fiscal year 2018:



	NUMBER OF SHARES (in thousands)	AVERAGE REPURCHASE PRICE PER SHARE		AMOUNT (dollars in thousands)
First fiscal quarter	2,116	$	24.10	$	50,996
Second fiscal quarter	1,287	$	23.31	30,004
Total common stock repurchases	3,403	$	23.80	$	81,000

Dividends - The Company declared and paid dividends per share during fiscal year 2018 as follows:



	DIVIDENDS PER SHARE		AMOUNT (dollars in thousands)
First fiscal quarter	$	0.09	$	8,371
Second fiscal quarter	0.09		8,363
Total cash dividends declared and paid	$	0.18	$	16,734

In July 2018, the Board declared a quarterly cash dividend of $0.09 per share, payable on August 22, 2018, to shareholders of record at the close of business on August 9, 2018.

Accumulated Other Comprehensive Loss - Following are the components of Accumulated other comprehensive loss:



(dollars in thousands)	JULY 1, 2018			DECEMBER 31, 2017
Foreign currency translation adjustment	$	(127,609	)	$	(98,573	)
Unrealized gains (losses) on derivatives, net of tax	937			(626		)
Accumulated other comprehensive loss	$	(126,672	)	$	(99,199	)

Following are the components of the Company’s Other comprehensive (loss) income during the periods presented:



	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Foreign currency translation adjustment	$	(30,402	)	$	(9,176	)	$	(29,036	)	$	11,401

Unrealized gain (loss) on derivatives, net of tax (1)	$	296		$	(610	)	$	1,184		$	(509	)
Reclassification of adjustment for loss on derivatives included in Net income, net of tax (2)	71			643			379			1,427
Total unrealized gain on derivatives, net of tax	$	367		$	33		$	1,563		$	918
Other comprehensive (loss) income attributable to Bloomin’ Brands	$	(30,035	)	$	(9,143	)	$	(27,473	)	$	12,319

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(1)	Unrealized gain (loss) on derivatives is net of tax of $0.1 million and $(0.4) million for the thirteen weeks ended July 1, 2018 and June 25, 2017, respectively, and $0.4 million and ($0.3) million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.


(2)	Reclassifications of adjustments for losses on derivatives are net of tax of $0.4 million for the thirteen weeks ended June 25, 2017 and $0.1 million and $0.9 million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.