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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2018
Jun. 25, 2017
Jul. 01, 2018
Jun. 25, 2017
Revenues        
Restaurant sales, franchise and other revenues $ 1,031,814 $ 1,036,458 [1],[2] $ 2,148,279 $ 2,191,169 [1],[2]
Costs and expenses        
Cost of sales 322,790 323,130 674,922 687,878
Labor and other related 301,921 297,857 612,983 622,255
Other restaurant operating 238,379 248,412 491,724 499,536
Depreciation and amortization 50,782 48,063 100,902 94,653
General and administrative 76,129 77,056 144,825 148,997
Provision for impaired assets and restaurant closings 8,889 598 11,628 19,674
Total costs and expenses 998,890 995,116 2,036,984 2,072,993
Income from operations 32,924 41,342 [3] 111,295 118,176 [3]
Loss on extinguishment and modification of debt 0 (260) [3] 0 (260) [3]
Other (expense) income, net (6) 7,281 [3] (5) 7,230 [3]
Interest expense, net (11,319) (9,543) [3] (21,629) (18,684) [3]
Income before (benefit) provision for income taxes 21,599 38,820 [3] 89,661 106,462 [3]
(Benefit) provision for income taxes (5,124) 2,988 (3,199) 20,992
Net income 26,723 35,832 92,860 85,470
Less: net income attributable to noncontrolling interests 2 699 741 1,712
Net income attributable to Bloomin’ Brands 26,721 35,133 [4] 92,119 83,758 [4]
Other comprehensive (loss) income:        
Foreign currency translation adjustment (30,044) (9,118) (28,695) 11,371
Unrealized gain (loss) on derivatives, net of tax 296 (610) 1,184 (509)
Reclassification of adjustment for loss on derivatives included in Net income, net of tax 71 643 379 1,427
Comprehensive (loss) income (2,954) 26,747 65,728 97,759
Less: comprehensive income attributable to noncontrolling interests 360 757 1,081 1,682
Comprehensive (loss) income attributable to Bloomin’ Brands $ (3,314) $ 25,990 $ 64,647 $ 96,077
Earnings per share:        
Basic earnings per share $ 0.29 $ 0.36 [4] $ 1.00 $ 0.83 [4]
Diluted earnings per share $ 0.28 $ 0.34 [4] $ 0.97 $ 0.80 [4]
Weighted average common shares outstanding:        
Basic (shares) 92,120 98,852 92,194 100,963
Diluted (shares) 94,361 102,421 95,072 104,417
Cash dividends declared per common share $ 0.09 $ 0.08 $ 0.18 $ 0.16
Restaurant sales [Member]        
Revenues        
Restaurant sales, franchise and other revenues $ 1,015,484 $ 1,021,184 [1],[5] $ 2,114,487 $ 2,165,015 [1],[5]
Franchise and other revenue [Member]        
Revenues        
Restaurant sales, franchise and other revenues $ 16,330 $ 15,274 [1] $ 33,792 $ 26,154 [1]
[1] See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[2] See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[3] See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[4] See Note 1 - Description of the Business and Basis of Presentation for details of the Net income and Earnings per share impact of implementing ASU No. 2014-09.
[5] See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.