Earnings Per Share

12 Months Ended

Dec. 29, 2019

The Company computes basic earnings per share based on the weighted average number of common shares that were outstanding during the period. Diluted earnings per share includes the dilutive effect of common stock equivalents consisting of restricted stock, restricted stock units, performance-based share units and stock options, using the treasury stock method. Performance-based share units are considered dilutive when the related performance criterion has been met.

The following table presents the computation of basic and diluted earnings per share for the periods indicated:



	FISCAL YEAR
(in thousands, except per share data)	2019		2018		2017
Net income attributable to Bloomin’ Brands	$	130,573	$	107,098	$	101,293

Basic weighted average common shares outstanding	88,839		92,042		96,365

Effect of diluted securities:
Stock options	571		1,595		2,895
Nonvested restricted stock and restricted stock units	295		397		421
Nonvested performance-based share units	72		41		26
Diluted weighted average common shares outstanding	89,777		94,075		99,707

Basic earnings per share	$	1.47	$	1.16	$	1.05
Diluted earnings per share	$	1.45	$	1.14	$	1.02

Securities outstanding not included in the computation of earnings per share because their effect was antidilutive were as follows, for the periods indicated:



	FISCAL YEAR
(shares in thousands)	2019	2018	2017
Stock options	4,003	2,879	5,555
Nonvested restricted stock and restricted stock units	158	99	128
Nonvested performance-based share units	277	201	222