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Stockholders' Equity
 12 Months Ended
Dec. 29, 2019
Stockholders' Equity Note [Abstract]  
Stockholders' Equity Stockholders’ Equity
Share Repurchases - Following is a summary of the Company’s share repurchase programs as of December 29, 2019 (dollars in thousands):
SHARE REPURCHASE PROGRAM
 
BOARD APPROVAL DATE
 
AUTHORIZED
 
REPURCHASED
 
CANCELED
 
REMAINING
2014
 
December 12, 2014
 
$
100,000

 
$
100,000

 
$
—

 
$
—

2015
 
August 3, 2015
 
$
100,000

 
69,999

 
$
30,001

 
$
—

2016
 
February 12, 2016
 
$
250,000

 
139,892

 
$
110,108

 
$
—

July 2016
 
July 26, 2016
 
$
300,000

 
247,731

 
$
52,269

 
$
—

2017
 
April 21, 2017
 
$
250,000

 
195,000

 
$
55,000

 
$
—

2018
 
February 16, 2018
 
$
150,000

 
113,967

 
$
36,033

 
$
—

2019
 
February 12, 2019
 
$
150,000

 
106,992

 
$
—

 
$
43,008

Total share repurchase programs
 

 
$
973,581

 

 


Following is a summary of the shares repurchased under the Company’s share repurchase programs for the periods presented:
 
NUMBER OF SHARES
 
AVERAGE REPURCHASE PRICE PER SHARE
 
AMOUNT
(in thousands, except per share data)
2019
 
2018
 
2019
 
2018
 
2019
 
2018
First fiscal quarter
—

 
2,116

 
$
—

 
$
24.10

 
$
—

 
$
50,996

Second fiscal quarter
5,469

 
1,287

 
$
19.56

 
$
23.31

 
106,992

 
30,004

Third fiscal quarter
—

 
968

 
$
—

 
$
18.57

 
—

 
17,968

Fourth fiscal quarter
—

 
691

 
$
—

 
$
21.71

 
—

 
14,999

Total common stock repurchases
5,469

 
5,062

 
$
19.56

 
$
22.52

 
$
106,992

 
$
113,967



Dividends - The Company declared and paid dividends per share during the periods presented as follows:
 
DIVIDENDS PER SHARE
 
AMOUNT
(in thousands, except per share data)
2019
 
2018
 
2019
 
2018
First fiscal quarter
$
0.10

 
$
0.09

 
$
9,140

 
$
8,371

Second fiscal quarter
0.10

 
0.09

 
9,227

 
8,363

Third fiscal quarter
0.10

 
0.09

 
8,674

 
8,344

Fourth fiscal quarter
0.10

 
0.09

 
8,693

 
8,234

Total cash dividends declared and paid
$
0.40

 
$
0.36

 
$
35,734

 
$
33,312



In February 2020, the Company’s Board of Directors declared a quarterly cash dividend of $0.20 per share, payable on March 13, 2020 to shareholders of record at the close of business on February 28, 2020.

Accumulated Other Comprehensive Loss (“AOCL”) - Following are the components of AOCL as of the periods indicated:
(dollars in thousands)
DECEMBER 29, 2019
 
DECEMBER 30, 2018
Foreign currency translation adjustment
$
(152,031
)
 
$
(135,149
)
Unrealized loss on derivatives, net of tax
(17,745
)
 
(7,606
)
Accumulated other comprehensive loss
$
(169,776
)
 
$
(142,755
)


Following are the components of Other comprehensive (loss) income for the periods indicated:
 
FISCAL YEAR
(dollars in thousands)
2019
 
2018
 
2017
Bloomin’ Brands:
 
 
 
 
 
Foreign currency translation adjustment
$
(16,882
)
 
$
(36,576
)
 
$
8,936

 
 
 
 
 
 
Unrealized (loss) gain on derivatives, net of tax (1)
$
(11,944
)
 
$
(7,100
)
 
$
627

Reclassification of adjustments for loss on derivatives included in Net income, net of tax (2)
1,805

 
120

 
2,381

Total unrealized (loss) gain on derivatives, net of tax
$
(10,139
)
 
$
(6,980
)
 
$
3,008

Other comprehensive (loss) income attributable to Bloomin’ Brands
$
(27,021
)
 
$
(43,556
)
 
$
11,944

________________
(1)
Unrealized (loss) gain on derivatives is net of tax of $(4.1) million, $(2.5) million and $0.5 million for 2019, 2018 and 2017, respectively.
(2)
Reclassifications of adjustments for loss on derivatives are net of tax. See Note 16 - Derivative Instruments and Hedging Activities for discussion of the tax impact of reclassifications.