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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Revenues        
Restaurant sales, franchise and other revenues $ 967,144 $ 965,021 $ 3,117,205 $ 3,113,300
Costs and expenses        
Cost of sales 300,375 307,493 965,165 982,415
Labor and other related 288,552 289,023 908,780 902,006
Other restaurant operating 240,372 233,744 732,121 725,468
Depreciation and amortization 47,926 50,571 147,196 151,473
General and administrative 66,570 67,691 209,114 212,516
Provision for impaired assets and restaurant closings 1,391 3,962 6,917 15,590
Total costs and expenses 945,186 952,484 2,969,293 2,989,468
Income from operations 21,958 12,537 147,912 123,832
Other income (expense), net 11 (1) (145) (6)
Interest expense, net (13,256) (11,600) (36,885) (33,229)
Income before (benefit) provision for income taxes 8,713 936 110,882 90,597
(Benefit) provision for income taxes (660) (3,317) 6,051 (6,516)
Net income 9,373 4,253 104,831 97,113
Less: net income attributable to noncontrolling interests 125 181 2,262 922
Net income attributable to Bloomin’ Brands 9,248 4,072 102,569 96,191
Other comprehensive (loss) income:        
Foreign currency translation adjustment (10,133) (16,349) (12,854) (45,044)
Unrealized (loss) gain on derivatives, net of tax (2,036) 37 (13,656) 1,221
Reclassification of adjustment for loss (gain) on derivatives included in Net income, net of tax 812 (51) 578 328
Comprehensive (loss) income (1,984) (12,110) 78,899 53,618
Less: comprehensive income attributable to noncontrolling interests 297 423 2,450 1,504
Comprehensive (loss) income attributable to Bloomin’ Brands $ (2,281) $ (12,533) $ 76,449 $ 52,114
Earnings per share:        
Basic earnings per share $ 0.11 $ 0.04 $ 1.15 $ 1.04
Diluted earnings per share $ 0.11 $ 0.04 $ 1.14 $ 1.02
Weighted average common shares outstanding:        
Basic (shares) 86,843 92,202 89,484 92,197
Diluted (shares) 87,305 93,324 90,306 94,489
Restaurant sales [Member]        
Revenues        
Restaurant sales, franchise and other revenues $ 951,816 $ 949,400 $ 3,069,145 $ 3,063,887
Franchise and other revenues [Member]        
Revenues        
Restaurant sales, franchise and other revenues $ 15,328 $ 15,621 $ 48,060 $ 49,413