Bloomin' Brands (BLMN) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - $ / shares	6 Months Ended
	Jun. 27, 2021	Aug. 02, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 27, 2021
Document Transition Report	false
Entity File Number	001-35625
Entity Registrant Name	BLOOMIN’ BRANDS, INC.
Entity Incorporation, State	DE
Entity Tax Identification Number	20-8023465
Entity Address, Address Line One	2202 North West Shore Boulevard
Entity Address Line Two	Suite 500
Entity Address City	Tampa
Entity Address State	FL
Entity Address Postal Zip Code	33607
City Area Code	813
Local Phone Number	282-1225
Title of 12(b) Security	Common Stock
Security Trading Currency	USD
Par Value Per Share	$ 0.01
Trading Symbol	BLMN
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Reporting Company	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		89,224,282
Amendment Flag	false
Entity Central Index Key	0001546417
Current Fiscal Year End Date	--12-26
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 27, 2021	Dec. 27, 2020
Current assets
Cash and cash equivalents	$ 101,285	$ 109,980
Restricted cash and cash equivalents	1,790	428
Inventories	59,004	61,928
Other current assets, net	84,984	151,518
Total current assets	247,063	323,854
Property, fixtures and equipment, net	855,021	887,687
Operating lease right-of-use assets	1,161,650	1,172,910
Goodwill	272,707	271,164
Intangible assets, net	457,371	459,983
Deferred income tax assets, net	156,485	153,883
Other assets, net	96,456	92,626
Total assets	3,246,753	3,362,107
Current liabilities
Accounts payable	160,142	141,457
Accrued and other current liabilities	439,296	388,321
Unearned revenue	302,996	381,616
Current portion of long-term debt	11,022	38,710
Total current liabilities	913,456	950,104
Non-current operating lease liabilities	1,207,055	1,217,921
Long-term debt, net	839,041	997,770
Other long-term liabilities, net	134,294	185,355
Total liabilities	3,093,846	3,351,150
Commitments and contingencies
Bloomin’ Brands stockholders’ equity
Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued and outstanding as of June 27, 2021 and December 27, 2020	0	0
Common stock, $0.01 par value, 475,000,000 shares authorized; 89,210,729 and 87,855,571 shares issued and outstanding as of June 27, 2021 and December 27, 2020, respectively	892	879
Additional paid-in capital	1,109,904	1,132,808
Accumulated deficit	(762,319)	(918,096)
Accumulated other comprehensive loss	(202,188)	(211,446)
Total Bloomin’ Brands stockholders’ equity	146,289	4,145
Noncontrolling interests	6,618	6,812
Total stockholders’ equity	152,907	10,957
Total liabilities and stockholders’ equity	$ 3,246,753	$ 3,362,107

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 27, 2021	Dec. 27, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value per share (in USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	25,000,000	25,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value per share (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	475,000,000	475,000,000
Common stock, shares issued (in shares)	89,210,729	87,855,571
Common stock, shares outstanding (in shares)	89,210,729	87,855,571

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Revenues
Restaurant sales, franchise and other revenues	$ 1,077,366	$ 578,459	$ 2,064,839	$ 1,586,796
Costs and expenses
Food and beverage costs	312,102	180,758	603,972	500,451
Labor and other related	294,999	205,537	569,637	514,806
Other restaurant operating	233,450	177,846	462,743	424,401
Depreciation and amortization	40,539	45,784	81,765	94,052
General and administrative	66,462	55,487	123,710	140,289
Provision for impaired assets and restaurant closings	5,177	24,959	7,377	66,277
Total costs and expenses	952,729	690,371	1,849,204	1,740,276
Income (loss) from operations	124,637	(111,912)	215,635	(153,480)
Loss on extinguishment and modification of debt	(2,073)	(237)	(2,073)	(237)
Other income (expense), net	0	581	21	(212)
Interest expense, net	(14,990)	(16,639)	(29,618)	(28,347)
Income (loss) before provision (benefit) for income taxes	107,574	(128,207)	183,965	(182,276)
Provision (benefit) for income taxes	22,688	(35,779)	29,281	(55,434)
Net income (loss)	84,886	(92,428)	154,684	(126,842)
Less: net income (loss) attributable to noncontrolling interests	2,341	(172)	3,277	25
Net income (loss) attributable to Bloomin’ Brands	82,545	(92,256)	151,407	(126,867)
Redemption of preferred stock in excess of carrying value	0	0	0	(3,496)	[1]
Net income (loss) attributable to common stockholders	82,545	(92,256)	151,407	(130,363)
Other comprehensive income (loss):
Foreign currency translation adjustment	10,015	(29,146)	3,440	(37,107)
Unrealized loss on derivatives, net of tax	(128)	(1,556)	(170)	(14,892)
Reclassification of adjustments for loss on derivatives included in Net income (loss), net of tax	1,514	2,585	4,517	3,981
Amortization of terminated interest rate swaps, net of tax	1,471	0	1,471	0
Comprehensive income (loss)	97,758	(120,545)	163,942	(174,860)
Less: comprehensive income (loss) attributable to noncontrolling interests	2,341	(172)	3,277	(639)
Comprehensive income (loss) attributable to Bloomin’ Brands	$ 95,417	$ (120,373)	$ 160,665	$ (174,221)
Earnings (loss) per share attributable to common stockholders:
Basic (in USD per share)	$ 0.93	$ (1.05)	$ 1.71	$ (1.49)
Diluted (in USD per share)	$ 0.75	$ (1.05)	$ 1.38	$ (1.49)
Weighted average common shares outstanding:
Basic (in shares)	89,075	87,496	88,721	87,312
Diluted (in shares)	109,805	87,496	110,223	87,312
Restaurant sales
Revenues
Restaurant sales, franchise and other revenues	$ 1,055,227	$ 576,261	$ 2,034,678	$ 1,572,498
Franchise and other revenues
Revenues
Restaurant sales, franchise and other revenues	$ 22,139	$ 2,198	$ 30,161	$ 14,298
[1]	Consideration paid in excess of carrying value for the redemption of preferred stock is considered a deemed dividend and, for purposes of calculating earnings per share, reduces net income attributable to common stockholders for the twenty-six weeks ended June 28, 2020. See Note 12 - Stockholders’ Equity

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Cumulative-effect from a change in accounting principle	Common stock	Additional paid-in capital	Additional paid-in capitalCumulative-effect from a change in accounting principle	Accumulated deficit	Accumulated deficitCumulative-effect from a change in accounting principle	Accumulated other comprehensive loss	Non-controlling interests
Balance at beginning of period (in shares) at Dec. 29, 2019				86,946,000
Balance at beginning of period at Dec. 29, 2019		$ 177,481	$ (4,292)	$ 869	$ 1,094,338		$ (755,089)	$ (4,292)	$ (169,776)	$ 7,139
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Consideration for preferred stock in excess of carrying value, net of tax					(3,500)
Balance at end of period (in shares) at Mar. 29, 2020				87,417,000
Balance at end of period at Mar. 29, 2020		100,143		$ 874	1,074,081		(793,992)		(189,013)	8,193
Balance at beginning of period (in shares) at Dec. 29, 2019				86,946,000
Balance at beginning of period at Dec. 29, 2019		$ 177,481	(4,292)	$ 869	1,094,338		(755,089)	(4,292)	(169,776)	7,139
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]		ASU No. 2016-13
Net income (loss)		$ (126,842)					(126,867)			25
Other comprehensive income (loss), net of tax		$ (48,018)							(47,871)	(147)
Cash dividends declared per common share (in dollars per share)		$ 0.20
Cash dividends declared, per common share		$ (17,480)			(17,480)
Stock-based compensation		8,360			8,360
Consideration for preferred stock in excess of carrying value, net of tax		(1,718)			(3,496)				517	1,261
Common stock issued under stock plans (in shares)	[1]			588,000
Common stock issued under stock plans	[1]	(2,862)		$ 6	(2,868)
Purchase of noncontrolling interests		(57)			(58)					1
Distributions to noncontrolling interests		(338)								(338)
Contributions from noncontrolling interests		147								147
Adjustments to additional paid in capital, equity component of convertible debt, tax effect		650
Equity component value of convertible note issuance, net		64,367			64,367
Sale of common stock warrant		46,690			46,690
Purchase of convertible note hedge		(66,240)			(66,240)
Balance at end of period (in shares) at Jun. 28, 2020				87,534,000
Balance at end of period at Jun. 28, 2020		29,198		$ 875	1,123,613		(886,248)		(217,130)	8,088
Balance at beginning of period (in shares) at Mar. 29, 2020				87,417,000
Balance at beginning of period at Mar. 29, 2020		100,143		$ 874	1,074,081		(793,992)		(189,013)	8,193
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		(92,428)					(92,256)			(172)
Other comprehensive income (loss), net of tax		(28,117)							(28,117)
Stock-based compensation		5,071			5,071
Common stock issued under stock plans (in shares)	[1]			117,000
Common stock issued under stock plans	[1]	(355)		$ 1	(356)
Distributions to noncontrolling interests		(27)								(27)
Contributions from noncontrolling interests		94								94
Adjustments to additional paid in capital, equity component of convertible debt, tax effect		650
Equity component value of convertible note issuance, net		64,367			64,367
Sale of common stock warrant		46,690			46,690
Purchase of convertible note hedge		(66,240)			(66,240)
Balance at end of period (in shares) at Jun. 28, 2020				87,534,000
Balance at end of period at Jun. 28, 2020		$ 29,198		$ 875	1,123,613		(886,248)		(217,130)	8,088
Balance at beginning of period (in shares) at Dec. 27, 2020		87,855,571		87,856,000
Balance at beginning of period at Dec. 27, 2020		$ 10,957	$ (42,953)	$ 879	1,132,808	$ (47,323)	(918,096)	$ 4,370	(211,446)	6,812
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]		Accounting standards update 2020-06
Net income (loss)		$ 154,684					151,407			3,277
Other comprehensive income (loss), net of tax		9,258							9,258
Stock-based compensation		14,507			14,507
Common stock issued under stock plans (in shares)	[1]			1,355,000
Common stock issued under stock plans	[1]	9,925		$ 13	9,912
Distributions to noncontrolling interests		(4,141)								(4,141)
Contributions from noncontrolling interests		$ 670								670
Balance at end of period (in shares) at Jun. 27, 2021		89,210,729		89,211,000
Balance at end of period at Jun. 27, 2021		$ 152,907		$ 892	1,109,904		(762,319)		(202,188)	6,618
Balance at beginning of period (in shares) at Mar. 28, 2021				88,855,000
Balance at beginning of period at Mar. 28, 2021		45,405		$ 889	1,097,639		(844,864)		(215,060)	6,801
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		84,886					82,545			2,341
Other comprehensive income (loss), net of tax		12,872							12,872
Stock-based compensation		9,781			9,781
Common stock issued under stock plans (in shares)	[1]			356,000
Common stock issued under stock plans	[1]	2,487		$ 3	2,484
Distributions to noncontrolling interests		(2,683)								(2,683)
Contributions from noncontrolling interests		$ 159								159
Balance at end of period (in shares) at Jun. 27, 2021		89,210,729		89,211,000
Balance at end of period at Jun. 27, 2021		$ 152,907		$ 892	$ 1,109,904		$ (762,319)		$ (202,188)	$ 6,618
[1]	Net of forfeitures and shares withheld for employee taxes.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020
Cash flows provided by (used in) operating activities:
Net income (loss)	$ 154,684	$ (126,842)
Adjustments to reconcile Net income (loss) to cash provided by (used in) operating activities:
Depreciation and amortization	81,765	94,052
Amortization of debt discounts and issuance costs	2,396	2,966
Amortization of deferred gift card sales commissions	14,436	11,592
Provision for impaired assets and restaurant closings	7,377	66,277
Amortization of unrealized loss on terminated interest rate swaps	1,981	0
Non-cash operating lease costs	38,073	36,230
Provision for expected credit losses and contingent lease liabilities	937	7,447
Inventory obsolescence and spoilage	0	6,413
Stock-based and other non-cash compensation expense	14,507	8,360
Deferred income tax expense (benefit)	10,300	(58,578)
(Gain) loss on disposal of property, fixtures and equipment	(709)	1,014
Other, net	502	(991)
Change in assets and liabilities	(43,067)	(51,253)
Net cash provided by (used in) operating activities	283,182	(3,313)
Cash flows used in investing activities:
Proceeds from disposal of property, fixtures and equipment	4,828	422
Capital expenditures	(51,398)	(53,205)
Other investments, net	3,945	4,782
Net cash used in investing activities	(42,625)	(48,001)
Cash flows (used in) provided by financing activities:
Proceeds from issuance of long-term debt	200,000	0
Repayments of long-term debt and finance lease obligations	(425,564)	(13,242)
Proceeds from borrowings on revolving credit facilities, net	286,000	505,000
Repayments of borrowings on revolving credit facilities	(599,000)	(489,000)
Financing fees	(5,868)	(3,096)
Proceeds from issuance of senior notes	300,000	0
Proceeds from issuance of convertible senior notes	0	230,000
Proceeds from issuance of warrants	0	46,690
Purchase of convertible note hedge	0	(66,240)
Issuance costs related to senior notes	(5,546)	(8,416)
Proceeds (payments of taxes) from share-based compensation, net	9,925	(2,862)
Distributions to noncontrolling interests	(4,141)	(338)
Contributions from noncontrolling interests	670	147
Purchase of limited partnership and noncontrolling interests	0	(57)
Payments for partner equity plan	(4,494)	(9,976)
Cash dividends paid on common stock	0	(17,480)
Redemption of subsidiary preferred stock	0	(1,475)
Net cash (used in) provided by financing activities	(248,018)	169,655
Effect of exchange rate changes on cash and cash equivalents	128	(2,955)
Net (decrease) increase in cash, cash equivalents and restricted cash	(7,333)	115,386
Cash, cash equivalents and restricted cash as of the beginning of the period	110,408	67,145
Cash, cash equivalents and restricted cash as of the end of the period	103,075	182,531
Supplemental disclosures of cash flow information:
Cash paid for interest	23,748	23,595
Cash paid for income taxes, net of refunds	11,883	5,287
Supplemental disclosures of non-cash investing and financing activities:
Leased assets obtained in exchange for new operating lease liabilities	28,261	13,549
Leased assets obtained in exchange for new finance lease liabilities	48	538
Decrease in liabilities from the acquisition of property, fixtures and equipment	$ (203)	$ (9,666)

Description of the Business and

Description of the Business and Basis of Presentation	6 Months Ended
	Jun. 27, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business and Basis of Presentation	Description of the Business and Basis of Presentation Description of the Business - Bloomin’ Brands (“Bloomin’ Brands” or the “Company”) owns and operates casual, upscale casual and fine dining restaurants. The Company’s restaurant portfolio has four concepts: Outback Steakhouse, Carrabba’s Italian Grill, Bonefish Grill and Fleming’s Prime Steakhouse & Wine Bar. Additional Outback Steakhouse, Carrabba’s Italian Grill and Bonefish Grill restaurants in which the Company has no direct investment are operated under franchise agreements. Basis of Presentation - The accompanying interim unaudited consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States (“U.S. GAAP”) for complete financial statements. In the opinion of the Company, all adjustments necessary for fair financial statement presentation for the periods presented have been included and are of a normal, recurring nature. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 27, 2020. Recently Adopted Financial Accounting Standards - On December 28, 2020, the Company adopted Accounting Standards Update (“ASU”) No. 2020-06, “Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity,” (“ASU No. 2020-06”) which removes the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. ASU No. 2020-06 also requires the application of the if-converted method for calculating diluted earnings per share and the treasury stock method is no longer permitted for convertible instruments. The Company adopted ASU No. 2020-06 using the modified retrospective approach which resulted in a cumulative-effect adjustment that increased (decreased) the following Consolidated Balance Sheet accounts during the first quarter of 2021: ADJUSTMENT CONSOLIDATED BALANCE SHEET CLASSIFICATION AMOUNT Deferred tax impact of cumulative-effect adjustment Deferred income tax assets, net $ 14.9 Debt discount reclassification Long-term debt, net $ 59.9 Equity issuance costs reclassification Long-term debt, net $ (2.1) Debt discount amortization reclassification, net of tax Accumulated deficit $ 4.4 Reversal of separated equity component, net of tax Additional paid-in capital $ (47.3) After adopting ASU No. 2020-06, the Company’s convertible senior notes due 2025 (the “2025 Notes”) are reflected entirely as a liability since the embedded conversion feature is no longer separately presented within stockholders’ equity. During 2020, the Company recognized debt discount amortization of $6.3 million within Interest expense, net related to its 2025 Notes. In February 2021, the Company made an irrevocable election under the indenture to require the principal portion of its 2025 Notes to be settled in cash and any excess in shares. Following the irrevocable notice, only the amounts expected to be settled in excess of the principal will be considered in diluted earnings per share under the if-converted method. Recently Issued Financial Accounting Standards Not Yet Adopted - Recent accounting guidance not discussed herein is not applicable, did not have, or is not expected to have a material impact to the Company. Reclassifications - The Company reclassified certain items in the accompanying consolidated financial statements for prior periods to be comparable with the classification for the current period. These reclassifications had no effect on previously reported net income.

COVID-19 Charges

COVID-19 Charges	6 Months Ended
	Jun. 27, 2021
COVID-19 Impact [Abstract]
COVID-19 Charges	COVID-19 Charges In March 2020, the Company temporarily closed all restaurant dining rooms in the U.S. to comply with state and local regulations in response to the COVID-19 pandemic (“COVID-19”). Following is a summary of charges recorded in connection with the COVID-19 pandemic for the periods indicated (dollars in thousands): CHARGES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED JUNE 28, 2020 JUNE 28, 2020 Inventory obsolescence and spoilage (1) Food and beverage costs $ 1,163 $ 7,345 Compensation for idle employees (2) Labor and other related 11,388 27,574 Other operating charges Other restaurant operating 2,467 2,467 Lease guarantee contingent liabilities (3) General and administrative — 4,188 Allowance for expected credit losses (4) General and administrative — 3,334 Other charges General and administrative 1,216 1,789 Right-of-use asset impairment (5) Provision for impaired assets and restaurant closings 5,273 25,757 Fixed asset impairment (5) Provision for impaired assets and restaurant closings 19,611 31,339 Goodwill and other impairment (6) Provision for impaired assets and restaurant closings 611 2,999 $ 41,729 $ 106,792 ________________ (1) Includes the write-off of value-added tax credits during the twenty-six weeks ended June 28, 2020 related to the purchase of inventory by the Company’s Brazil subsidiary. (2) Represents relief pay for hourly employees impacted by the closure of dining rooms, net of $13.7 million of employee retention tax credits earned during the thirteen and twenty-six weeks ended June 28, 2020. (3) Represents additional contingent liabilities recorded for lease guarantees related to certain former restaurant locations now operated by franchisees or other third parties. (4) Includes additional reserves to reflect an increase in expected credit losses, primarily related to franchise receivables. (5) Includes impairments resulting from the remeasurement of assets utilizing projected future cash flows revised for then current economic conditions, restructuring charges and the closure of certain restaurants. (6) Includes impairment of goodwill for the Company’s Hong Kong subsidiary during the twenty-six weeks ended June 28, 2020.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 27, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Revenue Recognition	Revenue Recognition The following table includes the categories of revenue included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Revenues Restaurant sales $ 1,055,227 $ 576,261 $ 2,034,678 $ 1,572,498 Franchise and other revenues Franchise revenue 12,221 1,951 19,010 11,500 Other revenues (1) 9,918 247 11,151 2,798 Total Franchise and other revenues 22,139 2,198 30,161 14,298 Total revenues $ 1,077,366 $ 578,459 $ 2,064,839 $ 1,586,796 ________________ (1) During the thirteen and twenty-six weeks ended June 27, 2021, the Company recognized $6.3 million of other revenues in connection with favorable court rulings in Brazil regarding the calculation methodology and taxable base of Program of Social Integration (“PIS”) and Contribution for the Financing of Social Security (“COFINS”) taxes. The amount recognized as a result of the favorable court rulings primarily represents refundable PIS and COFINS taxes for prior years, including accrued interest, and will be recovered by offsetting future PIS and COFINS taxes due. The following tables include disaggregation of Restaurant sales and franchise revenue, by restaurant concept and major international market, for the periods indicated: THIRTEEN WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUE RESTAURANT SALES FRANCHISE REVENUE U.S. Outback Steakhouse $ 579,096 $ 8,418 $ 346,553 $ 136 Carrabba’s Italian Grill 171,408 665 93,738 7 Bonefish Grill 149,036 174 63,744 4 Fleming’s Prime Steakhouse & Wine Bar 88,101 — 31,156 — Other 2,652 — 1,576 — U.S. total 990,293 9,257 536,767 147 International Outback Steakhouse Brazil 43,310 — 24,003 — Other (1) 21,624 2,964 15,491 1,804 International total 64,934 2,964 39,494 1,804 Total $ 1,055,227 $ 12,221 $ 576,261 $ 1,951 TWENTY-SIX WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUE RESTAURANT SALES FRANCHISE REVENUE U.S. Outback Steakhouse $ 1,126,291 $ 11,374 $ 877,238 $ 6,677 Carrabba’s Italian Grill 329,094 1,282 240,613 468 Bonefish Grill 276,010 304 198,816 140 Fleming’s Prime Steakhouse & Wine Bar 154,412 — 102,116 — Other 4,545 — 2,873 — U.S. total 1,890,352 12,960 1,421,656 7,285 International Outback Steakhouse Brazil 104,158 — 115,593 — Other (1) 40,168 6,050 35,249 4,215 International total 144,326 6,050 150,842 4,215 Total $ 2,034,678 $ 19,010 $ 1,572,498 $ 11,500 ________________ (1) Includes Restaurant sales for the Company’s Abbraccio concept in Brazil. The following table includes a detail of assets and liabilities from contracts with customers included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Other current assets, net Deferred gift card sales commissions $ 12,548 $ 19,300 Unearned revenue Deferred gift card revenue $ 293,955 $ 373,048 Deferred loyalty revenue 8,604 8,099 Deferred franchise fees - current 437 469 Total Unearned revenue $ 302,996 $ 381,616 Other long-term liabilities, net Deferred franchise fees - non-current $ 4,174 $ 4,301 The following table is a rollforward of deferred gift card sales commissions for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Balance, beginning of period $ 13,502 $ 13,049 $ 19,300 $ 18,554 Deferred gift card sales commissions amortization (5,711) (2,502) (14,436) (11,592) Deferred gift card sales commissions capitalization 5,297 3,142 8,796 7,466 Other (540) (65) (1,112) (804) Balance, end of period $ 12,548 $ 13,624 $ 12,548 $ 13,624 The following table is a rollforward of unearned gift card revenue for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Balance, beginning of period $ 306,075 $ 277,518 $ 373,048 $ 358,757 Gift card sales 63,921 41,649 108,090 100,088 Gift card redemptions (71,859) (37,404) (176,799) (170,585) Gift card breakage (4,182) (1,790) (10,384) (8,287) Balance, end of period $ 293,955 $ 279,973 $ 293,955 $ 279,973

Impairments and Exit Costs

Impairments and Exit Costs	6 Months Ended
	Jun. 27, 2021
Impairments, Exit Costs and Disposals [Abstract]
Impairments and Exit Costs	Impairments and Exit Costs The components of Provision for impaired assets and restaurant closings are as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Impairment losses U.S. (1) $ 5,768 $ 23,741 $ 7,174 $ 54,713 International (1)(2) (555) 296 152 3,468 Corporate (3) 209 (119) 238 6,161 Total impairment losses 5,422 23,918 7,564 64,342 Restaurant closure charges U.S. (1) (92) 1,041 (34) 1,762 International (1) (153) — (153) 173 Total restaurant closure charges (245) 1,041 (187) 1,935 Provision for impaired assets and restaurant closings $ 5,177 $ 24,959 $ 7,377 $ 66,277 ________________ (1) U.S. and international impairment and closure charges for the thirteen and twenty-six weeks ended June 28, 2020 primarily relate to the COVID-19 pandemic, including charges related to the COVID-19 Restructuring discussed below. See Note 2 - COVID-19 Charges for details regarding the impact of the COVID-19 pandemic on the Company’s financial results. (2) Includes goodwill impairment charges of $2.0 million during the twenty-six weeks ended June 28, 2020. (3) Corporate impairment charges for the twenty-six weeks ended June 28, 2020 primarily relate to transformational initiatives. COVID-19 Restructuring - During the thirteen and twenty-six weeks ended June 28, 2020, the Company recognized pre-tax asset impairments and closure charges in connection with the closure of 22 restaurants and from the update of certain cash flow assumptions, including lease renewal considerations (the “COVID-19 Restructuring”). Following is a summary of the COVID-19 Restructuring charges recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated (dollars in thousands): CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN AND TWENTY-SIX WEEKS ENDED DESCRIPTION JUNE 28, 2020 Property, fixtures and equipment impairments Provision for impaired assets and restaurant closings $ 16,932 Lease right-of-use asset impairments and closing costs Provision for impaired assets and restaurant closings 3,920 Severance and other expenses General and administrative 1,160 $ 22,012 The remaining impairment and closure charges during the periods presented resulted primarily from locations identified for relocation or closure. Annual Goodwill and Intangible Asset Impairment Assessment - The Company performs its annual assessment for impairment of goodwill and other indefinite-lived intangible assets during its second fiscal quarter. The Company’s 2021 assessment was qualitative and its 2020 assessment was quantitative. In connection with these assessments, the Company did not record any impairment charges. Accrued Facility Closure and Other Costs Rollforward - The following table is a rollforward of the Company’s closed facility lease liabilities and other accrued costs associated with the closure and restructuring initiatives, for the period indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 Balance, beginning of the period $ 12,879 Cash payments (2,239) Accretion 488 Adjustments (790) Balance, end of the period (1) $ 10,338 ________________ (1) As of June 27, 2021, the Company had exit-related accruals related to certain closure and restructuring initiatives of $3.6 million recorded in Accrued and other current liabilities and $6.7 million recorded in Non-current operating lease liabilities on its Consolidated Balance Sheet.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
	Jun. 27, 2021
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share The dilutive effect of the 2025 Notes is calculated using the if-converted method which was required upon the Company’s adoption of ASU No. 2020-06. To the extent the Company has the ability to settle its 2025 Notes in shares of its common stock, the principal and conversion spread on the 2025 Notes will have a dilutive impact on diluted earnings per share when the average market price of the Company’s common stock for a given period exceeds the conversion price of $11.89 per share of common stock. In February 2021, the Company provided the trustee of its 2025 Notes notice of the Company’s irrevocable election to settle the principal portion of the 2025 Notes in cash and any excess in shares. As a result, subsequent to the election, only the amounts in excess of the principal amount are considered in diluted earnings per share under the if-converted method. In connection with the offering of the 2025 Notes, the Company entered into the Convertible Note Hedge Transactions and Warrant Transactions described in Note 10 - Convertible Senior Notes. However, the Convertible Note Hedge Transactions are not considered when calculating dilutive shares given their impact is anti-dilutive. The impact of the Convertible Note Hedge Transactions would offset the dilutive impact of the shares underlying the 2025 Notes. The Warrant Transactions have a dilutive effect on the Company’s common stock to the extent that the price of its common stock exceeds the $16.64 strike price of the Warrant Transactions. See Note 10 - Convertible Senior Notes for additional information regarding the 2025 Notes, Convertible Note Hedge Transactions and Warrant Transactions . The following table presents the computation of basic and diluted earnings (loss) per share attributable to common stockholders for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (in thousands, except per share data) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Net income (loss) attributable to Bloomin’ Brands $ 82,545 $ (92,256) $ 151,407 $ (126,867) Redemption of preferred stock in excess of carrying value (1) — — — (3,496) Net income (loss) attributable to common stockholders 82,545 (92,256) 151,407 (130,363) Convertible senior notes if-converted method interest adjustment, net of tax (2) — — 691 — Diluted net income (loss) attributable to common stockholders $ 82,545 $ (92,256) $ 152,098 $ (130,363) Basic weighted average common shares outstanding 89,075 87,496 88,721 87,312 Effect of dilutive securities: Stock options 1,165 — 937 — Nonvested restricted stock units 351 — 427 — Nonvested performance-based share units — — 47 — Convertible senior notes (2)(3) 11,231 — 13,212 — Warrants (3) 7,983 — 6,879 — Diluted weighted average common shares outstanding 109,805 87,496 110,223 87,312 Basic earnings (loss) per share attributable to common stockholders $ 0.93 $ (1.05) $ 1.71 $ (1.49) Diluted earnings (loss) per share attributable to common stockholders $ 0.75 $ (1.05) $ 1.38 $ (1.49) ________________ (1) Consideration paid in excess of carrying value for the redemption of preferred stock is considered a deemed dividend and, for purposes of calculating earnings per share, reduces net income attributable to common stockholders for the twenty-six weeks ended June 28, 2020. See Note 12 - Stockholders’ Equity for additional details. (2) Adjustment for interest related to the 2025 Notes weighted for the portion of the period prior to the Company’s election under the 2025 Notes indenture to settle the principal portion of its 2025 Notes in cash. Effective with the Company’s election, there will be no further numerator adjustments for interest or denominator adjustments for shares required to settle the principal portion. (3) Due to the Company’s net loss during the thirteen and twenty-six weeks ended June 28, 2020, dilutive excess shares, if applicable, and warrants were excluded from the computation of diluted earnings per share as their effect would be antidilutive. Share-based compensation-related weighted-average securities outstanding not included in the computation of net earnings (loss) per share attributable to common stockholders because their effect was antidilutive were as follows, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (shares in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Stock options — 5,352 682 5,009 Nonvested restricted stock units 9 990 41 821 Nonvested performance-based share units 465 624 448 578

Stock-based Compensation Plans

Stock-based Compensation Plans	6 Months Ended
	Jun. 27, 2021
Share-based Payment Arrangement [Abstract]
Stock-based Compensation Plans	Stock-based Compensation Plans The Company recognized stock-based compensation expense as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Stock options $ 469 $ 1,038 $ 1,334 $ 1,870 Restricted stock units 1,964 2,340 4,330 4,023 Performance-based share units (1) 7,318 1,693 8,787 2,392 $ 9,751 $ 5,071 $ 14,451 $ 8,285 ________________ (1) The thirteen and twenty-six weeks ended June 27, 2021 includes a cumulative life-to-date adjustment for PSUs granted in fiscal years 2019, 2020 and 2021 based on revised Company performance projections of performance criteria set forth in the award agreements. In February 2021, the Company granted 0.3 million performance-based share units (“PSUs”). These PSUs maintain a three-year cliff vesting period and the underlying adjusted diluted earnings per share performance metric can range from zero to 200% of the annual target grant. The grants additionally included a Relative Total Shareholder Return (“Relative TSR”) modifier to the final payout outcome, which can adjust the payout by 75%, 100% or 125% of the achieved performance metric, with the overall payout capped at 200% of the annual target grant. The Relative TSR is measured by comparing the Company’s Relative TSR to that of the constituents of the S&P 1500 Restaurants index. The fair value of PSUs granted was estimated using the Monte Carlo simulation model. The Monte Carlo simulation model utilizes multiple input variables to estimate the probability that the market conditions will be achieved and was applied to the trading price of the Company’s common stock on the date of the grant. Assumptions used in the Monte Carlo simulation model and the grant date fair value of PSUs granted were as follows for the period indicated: TWENTY-SIX WEEKS ENDED JUNE 27, 2021 Assumptions: Risk-free interest rate (1) 0.20 % Volatility (2) 48.45 % Grant date fair value per unit (3) $ 29.73 ________________ (1) Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for the performance period of the unit. (2) Based on the historical volatility of the Company’s stock over the last seven years. (3) Represents a 14.3% premium above the per share value of the Company’s common stock as of the grant date. The following represents unrecognized stock-based compensation expense and the remaining weighted-average vesting period as of June 27, 2021: UNRECOGNIZED COMPENSATION EXPENSE REMAINING WEIGHTED-AVERAGE VESTING PERIOD (in years) Stock options $ 1,556 0.9 Restricted stock units $ 13,678 2.1 Performance-based share units $ 24,264 1.8

Other Current Assets, Net

Other Current Assets, Net	6 Months Ended
	Jun. 27, 2021
Other Current Assets, Net [Abstract]
Other Current Assets, Net	Other Current Assets, Net Other current assets, net, consisted of the following as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Prepaid expenses $ 22,668 $ 12,148 Accounts receivable - gift cards, net (1) 16,177 76,808 Accounts receivable - vendors, net (1) 9,212 8,886 Accounts receivable - franchisees, net (1) 887 1,007 Accounts receivable - other, net (1) 13,378 16,782 Deferred gift card sales commissions 12,548 19,300 Assets held for sale 1,358 3,831 Other current assets, net 8,756 12,756 $ 84,984 $ 151,518 ________________ (1) See Note 16 - Allowance for Expected Credit Losses for a rollforward of the related allowance for expected credit losses.

Accrued and Other Current Liabi

Accrued and Other Current Liabilities	6 Months Ended
	Jun. 27, 2021
Payables and Accruals [Abstract]
Accrued and Other Current Liabilities	Accrued and Other Current Liabilities Accrued and other current liabilities consisted of the following as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Accrued rent and current operating lease liabilities $ 184,486 $ 192,369 Accrued payroll and other compensation (1) 116,951 79,291 Accrued insurance 22,414 20,648 Other current liabilities (2) 115,445 96,013 $ 439,296 $ 388,321 ________________ (1) During the twenty-six weeks ended June 27, 2021, the Company reclassified $27.3 million of payroll taxes deferred under the Coronavirus, Aid, Relief and Economic Security Act (“CARES Act”) to current. (2) During the twenty-six weeks ended June 27, 2021, sales tax payable and income tax payable increased by $8.7 million and $6.4 million, respectively, due to increased sales and pre-tax income during the period.

Long-term Debt, Net

Long-term Debt, Net	6 Months Ended
	Jun. 27, 2021
Debt Disclosure [Abstract]
Long-term Debt, Net	Long-term Debt, Net Following is a summary of outstanding long-term debt, as of the periods indicated: JUNE 27, 2021 DECEMBER 27, 2020 (dollars in thousands) OUTSTANDING BALANCE INTEREST RATE OUTSTANDING BALANCE INTEREST RATE Senior Secured Credit Facility: Term loan A (1) $ 200,000 2.59 % $ — Revolving credit facility (1) 134,000 2.59 % — Total Senior Secured Credit Facility 334,000 — Former Credit Facility: Term loan A (1) — 425,000 2.88 % Revolving credit facility (1) — 447,000 2.88 % Total Former Credit Facility — 872,000 2025 Notes (2) 230,000 5.00 % 230,000 5.00 % 2029 Notes 300,000 5.13 % — Finance lease liabilities 1,794 2,405 Less: unamortized debt discount and issuance costs (3) (15,576) (67,704) Less: finance lease interest (155) (221) Total debt, net 850,063 1,036,480 Less: current portion of long-term debt (11,022) (38,710) Long-term debt, net $ 839,041 $ 997,770 ________________ (1) Interest rate represents the weighted-average interest rate as of the respective periods. (2) See Note 10 - Convertible Senior Notes for details regarding the 2025 Notes and related hedge and warrant transactions. (3) In connection with the adoption of ASU No. 2020-06, debt discount of $59.9 million related to the 2025 Notes was de-recognized and $2.1 million of equity issuance costs were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021. 2029 Notes - On April 16, 2021, the Company and its wholly-owned subsidiary OSI Restaurant Partners, LLC (“OSI”), as co-issuers, issued $300.0 million aggregate principal amount of senior unsecured notes due 2029 (the “2029 Notes”). The 2029 Notes were issued pursuant to an Indenture, dated April 16, 2021 (the “Indenture”), by and among the Company, the guarantors named therein, and Wells Fargo Bank, National Association, as trustee. The 2029 Notes are guaranteed by each of the Company’s existing and future domestic restricted subsidiaries (other than OSI) that are guarantors or borrowers under its Senior Secured Credit Facility (as defined below) or certain other indebtedness. The 2029 Notes will mature on April 15, 2029, unless earlier redeemed or purchased by the Company. The 2029 Notes bear cash interest at an annual rate of 5.125% payable semi-annually in arrears on April 15 and October 15 of each year, beginning on October 15, 2021. The Company may redeem some or all of the 2029 Notes at any time on or after April 15, 2024, at the redemption prices set forth in the Indenture, plus accrued and unpaid interest. The Company may also redeem up to 40% of the 2029 Notes in an amount not greater than the proceeds of certain equity offerings completed before April 15, 2024, at a redemption price equal to 105.125% of the principal amount thereof, plus accrued and unpaid interest. In addition, at any time prior to April 15, 2024, the Company may redeem some or all of the 2029 Notes at a price equal to 100% of the principal amount, plus a make-whole premium, plus accrued and unpaid interest. The Indenture contains restrictive covenants that limit the ability of the Company and its restricted subsidiaries to, among other things, incur additional indebtedness or issue certain preferred stock; pay dividends, redeem stock or make other distributions; make certain investments; create restrictions on the ability of the Company’s restricted subsidiaries to pay dividends or make other payments to the Company; create certain liens; transfer or sell certain assets; merge or consolidate; enter into certain transactions with the Company’s affiliates; and designate subsidiaries as unrestricted subsidiaries. These covenants are subject to a number of exceptions and qualifications as set forth in the Indenture. The Indenture contains customary events of default, including, without limitation, failure to make required payments, failure to comply with certain agreements or covenants, cross-acceleration to certain other indebtedness in excess of specified amounts, certain events of bankruptcy and insolvency, and failure to pay certain judgments. The net proceeds from the 2029 Notes offering were approximately $294.5 million, after deducting the initial purchaser’s discount and the Company’s offering expenses. The net proceeds were used to repay a portion of the Company’s outstanding Term loan A and revolving credit facility in conjunction with the refinancing of its Former Credit Facility. Second Amended and Restated Credit Agreement - On April 16, 2021, the Company and OSI, as co-borrowers, entered into the Second Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”), which provides for senior secured financing of up to $1.0 billion consisting of a $200.0 million Term loan A and an $800.0 million revolving credit facility (the “Senior Secured Credit Facility”). The Senior Secured Credit Facility matures on April 16, 2026 and replaced the Company’s prior senior secured financing of up to $1.5 billion (the “Former Credit Facility”). The commitments under the Senior Secured Credit Facility may be increased in an aggregate principal amount of up to: (i) $425.0 million or (ii) at the Company’s option, up to an unlimited amount of incremental facilities, so long as the Consolidated Senior Secured Net Leverage Ratio (“CSSNLR”), as defined in the Second Amended and Restated Credit Agreement, is no more than 3.00 to 1.00 as of the last day of the most recent period of four consecutive fiscal quarters ended. The Company may elect an interest rate at each reset period based on the Base Rate or the Eurocurrency Rate, plus an applicable spread. The Base Rate option is the highest of: (i) the prime rate of Wells Fargo Bank, National Association, (ii) the federal funds effective rate plus 0.5 of 1.0% or (iii) the Eurocurrency rate with a one-month interest period plus 1.0% (the “Base Rate”). The Eurocurrency Rate option is the seven, 30, 60, 90 or 180-day Eurocurrency rate, subject to a 0% floor (the “Eurocurrency Rate”). The interest rates are as follows: BASE RATE ELECTION EUROCURRENCY RATE ELECTION Term loan A and revolving credit facility 50 to 150 basis points over the Base Rate 150 to 250 basis points over the Eurocurrency Rate Fees on letters of credit and daily unused availability under the revolving credit facility will be 150 to 250 basis points and 25 to 40 basis points, respectively. The following is a summary of required quarterly amortization payments for the Term loan A (dollars in thousands): SCHEDULED QUARTERLY PAYMENT DATES TERM LOAN A September 26, 2021 through June 30, 2024 $ 2,500 September 29, 2024 through June 29, 2025 $ 3,750 September 28, 2025 and December 28, 2025 $ 5,000 The Senior Secured Credit Facility contains mandatory prepayment requirements for the Term loan A, including the requirement that the Company prepay outstanding amounts under these loans with 50% of its annual excess cash flow, as defined in the Second Amended and Restated Credit Agreement, commencing with the fiscal year ending December 25, 2022. The amount of outstanding loans required to be prepaid in accordance with the debt covenants may vary based on the Company’s CSSNLR and year end results. Total Net Leverage Ratio (“TNLR”) is the ratio of Consolidated Total Debt (Current portion of long-term debt and Long-term debt, net of cash, excluding the 2025 Notes) to Consolidated EBITDA (earnings before interest, taxes, depreciation and amortization and certain other adjustments as defined in the Second Amended and Restated Credit Agreement). The Second Amended and Restated Credit Agreement requires a TNLR not to exceed the following thresholds for the periods indicated: QUARTERLY PERIOD ENDED MAXIMUM RATIO June 27, 2021 (1) 5.00 to 1.00 September 26, 2021 (2) and thereafter 4.50 to 1.00 ________________ (1) Seasonally annualized Consolidated EBITDA calculated as Consolidated EBITDA for the two consecutive quarters ending June 27, 2021 divided by 58.5%. (2) Seasonally annualized Consolidated EBITDA calculated as Consolidated EBITDA for the three consecutive quarters ending September 26, 2021 divided by 77.0%. The Second Amended and Restated Credit Agreement limits, subject to certain exceptions, the Company’s ability and the ability of its subsidiaries to: incur additional indebtedness; make significant payments; sell assets; pay dividends and other restricted payments; make certain investments; acquire certain assets; effect mergers and similar transactions; and effect certain other transactions with affiliates. The Company is also limited to $200.0 million of aggregate capital expenditures during the year ended December 26, 2021. The Second Amended and Restated Credit Agreement also prohibits the Company from paying certain dividends and making certain restricted payments and acquisitions until the Company is in compliance with its TNLR covenant for the period ended September 26, 2021. As of June 27, 2021 and December 27, 2020, the Company was in compliance with its debt covenants. Following is a summary of principal payments of the Company’s total consolidated debt outstanding as of the period indicated: (dollars in thousands) JUNE 27, 2021 Year 1 $ 11,051 Year 2 10,250 Year 3 10,188 Year 4 245,175 Year 5 289,130 Thereafter 300,000 Total payments 865,794 Less: unamortized debt discount and issuance costs (15,576) Less: finance lease interest (155) Total principal payments $ 850,063 Deferred Financing Fees - During the thirteen weeks ended June 27, 2021, t he Company deferred $5.5 million and $5.9 million of financing costs incurred in connection with the 2029 Notes and Second Amended Credit Agreement, respectively. Deferred financing fees of $3.7 million associated with the revolving credit facility portion of the Second Amended Credit Agreement were recorded in Other assets, net and all other deferred financing fees were recorded in Long-term debt, net.

Convertible Senior Notes

Convertible Senior Notes	6 Months Ended
	Jun. 27, 2021
Convertible Notes [Abstract]
Convertible Senior Notes	Convertible Senior Notes 2025 Notes - In May 2020, the Company completed a $230.0 million principal amount private offering of 5.00% convertible senior notes due in 2025. The 2025 Notes are governed by the terms of an indenture between the Company and Wells Fargo Bank, National Association, as the Trustee. The 2025 Notes will mature on May 1, 2025, unless earlier converted, redeemed or purchased by the Company. The 2025 Notes bear cash interest at an annual rate of 5.00%, payable semi-annually in arrears on May 1 and November 1 of each year. Net proceeds from the 2025 Notes offering were approximately $221.6 million, after deducting the initial purchaser’s discounts and commissions and the Company’s offering expenses. The initial conversion rate applicable to the 2025 Notes is 84.122 shares of common stock per $1,000 principal amount of 2025 Notes, or a total of approximately 19.348 million shares for the total $230.0 million principal amount. This initial conversion rate is equivalent to an initial conversion price of approximately $11.89 per share. The conversion rate is subject to adjustment upon the occurrence of certain specified events. Prior to the close of business on the business day immediately preceding November 1, 2024, holders may convert all or a portion of their 2025 Notes under the following circumstances: (i) during any calendar quarter commencing after the calendar quarter ending on June 30, 2020, if the last reported sale price per share of the Company’s common stock exceeds 130% of the conversion price for each of at least 20 trading days during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (ii) during the five consecutive business days immediately after any five consecutive trading day period (the “measurement period”) in which the trading price per $1,000 principal amount of 2025 Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of the Company’s common stock and the conversion rate on each such trading day; (iii) upon the occurrence of specified corporate events or distributions on the Company’s common stock; (iv) if the Company calls the 2025 Notes for redemption, and (v) at any time from, and including November 1, 2024 until the close of business on the second scheduled trading day immediately before the maturity date. The 2025 Notes will be redeemable by the Company, in whole or in part, at the Company’s option at any time, and from time to time, on or after May 1, 2023 and on or before the 40 th scheduled trading day immediately before the maturity date, at a cash redemption price equal to the principal amount of the 2025 Notes to be redeemed, plus accrued and unpaid interest, but only if the last reported sale price per share of the Company’s common stock exceeds 130% of the conversion price on (i) each of at least 20 trading days, whether or not consecutive, during the 30 consecutive trading days ending on, and including, the trading day immediately before the date the Company sends the related redemption notice; and (ii) the trading day immediately before the date the Company sends such notice. In addition, calling any of the 2025 Notes for redemption will constitute a make-whole fundamental change with respect to that note, in which case the conversion rate applicable to the conversion of the 2025 Notes will be increased in certain circumstances if it is converted after it is called for redemption. If a fundamental change occurs prior to the maturity date, holders may require the Company to repurchase all or a portion of their 2025 Notes for cash at a price equal to 100% of the principal amount of the 2025 Notes to be repurchased, plus accrued and unpaid interest. Holders of 2025 Notes who convert their 2025 Notes in connection with a notice of a redemption or a make-whole fundamental change may be entitled to a premium in the form of an increase in the conversion rate of the 2025 Notes . The following table includes the outstanding principal amount and carrying value of the 2025 Notes as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Long-term debt, net Principal $ 230,000 $ 230,000 Less: Debt discount (1) — (59,862) Less: Debt issuance costs (1)(2) (6,688) (5,427) Net carrying amount 223,312 164,711 Equity component (1) $ — $ 64,367 ________________ (1) In connection with the adoption of ASU No. 2020-06, debt discount and the equity component of the 2025 Notes were de-recognized and $2.1 million of issuance costs that were previously allocated to the equity component were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021. (2) Debt issuance costs are amortized to Interest expense, net using the effective interest method over the expected life of the 2025 Notes. The effective rate of the 2025 Notes over their expected life is 5.85%. Following is a summary of interest expense for the 2025 Notes, by component, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 27, 2021 Coupon interest $ 2,875 $ 5,750 Deferred issuance cost amortization 386 767 Total interest expense $ 3,261 $ 6,517 Based on the daily closing prices of the Company’s stock during the quarter ended June 27, 2021, holders of the 2025 Notes are eligible to convert their 2025 Notes during the third quarter of 2021. In February 2021, the Company provided the trustee of the 2025 Notes notice of its irrevocable election under the 2025 Notes indenture to settle the principal portion of the 2025 Notes upon conversion in cash and any excess in shares. Convertible Note Hedge and Warrant Transactions - In connection with the offering of the 2025 Notes , the Company entered into convertible note hedge transactions (the “Convertible Note Hedge Transactions”) with certain of the initial purchasers of the 2025 Notes and/or their respective affiliates and other financial institutions (in this capacity, the “Hedge Counterparties”). Concurrently with the Company’s entry into the Convertible Note Hedge Transactions, the Company also entered into separate, warrant transactions with the Hedge Counterparties collectively relating to the same number of shares of the Company’s common stock, subject to customary anti-dilution adjustments, and for which the Company received proceeds that partially offset the cost of entering into the Convertible Note Hedge Transactions (the “Warrant Transactions”). The Convertible Note Hedge Transactions cover, subject to customary anti-dilution adjustments, the number of shares of the Company’s common stock that initially underlie the 2025 Notes , and are expected generally to reduce the potential equity dilution in excess of the principal amount due upon conversion of the 2025 Notes . The Warrant Transactions have a dilutive effect on the Company’s common stock to the extent that the price of its common stock exceeds the strike price of the Warrant Transactions. The strike price is initially $16.64 per share and is subject to certain adjustments under the terms of the Warrant Transactions. The Convertible Note Hedge Transactions are exercisable upon conversion of the 2025 Notes . The Convertible Note Hedge Transactions expire upon maturity of the 2025 Notes

Other Long-term Liabilities, Ne

Other Long-term Liabilities, Net	6 Months Ended
	Jun. 27, 2021
Other Liabilities Disclosure [Abstract]
Other Long-term Liabilities, Net	Other Long-term Liabilities, Net Other long-term liabilities, net, consisted of the following as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Accrued insurance liability $ 32,704 $ 32,128 Chef and Restaurant Managing Partner deferred compensation obligations 20,687 32,306 Deferred payroll tax liabilities (1) 27,302 55,204 Other long-term liabilities (2) 53,601 65,717 $ 134,294 $ 185,355 _______________ (1) During the twenty-six weeks ended June 27, 2021, the Company reclassified $27.3 million of payroll taxes deferred under the CARES Act to current. (2) The Company’s hedge liability decreased by $11.8 million during the twenty-six weeks ended June 27, 2021 primarily from the termination of certain interest rate swaps. See Note 13 - Derivative Instruments and Hedging Activities

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 27, 2021
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity	Stockholders’ Equity Redeemable Preferred Stock - In connection with the development of its Abbraccio Cucina Italiana (“Abbraccio”) concept in 2015, the Company sold preferred shares of its Abbraccio subsidiary (“Abbraccio Shares”) to certain investors. During the thirteen weeks ended March 29, 2020, the Company exercised a call option to purchase all outstanding Abbraccio Shares for $1.0 million and recorded a reduction to Accumulated deficit and an increase in Net loss applicable to common stockholders of $3.5 million for the consideration paid in excess of the Abbraccio Shares’ carrying value. Accumulated Other Comprehensive Loss (“AOCL”) - Following are the components of AOCL as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Foreign currency translation adjustment $ (185,443) $ (188,883) Unrealized loss on derivatives, net of tax (16,745) (22,563) Accumulated other comprehensive loss $ (202,188) $ (211,446) Following are the components of Other comprehensive income (loss) attributable to Bloomin’ Brands for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Foreign currency translation adjustment $ 10,015 $ (29,146) $ 3,440 $ (36,443) Unrealized loss on derivatives, net of tax (1) (128) (1,556) (170) (14,892) Reclassification of adjustments for loss on derivatives included in Net income (loss), net of tax (2) 1,514 2,585 4,517 3,981 Amortization of terminated interest rate swaps, net of tax 1,471 — 1,471 — Total unrealized gain (loss) on derivatives, net of tax 2,857 1,029 5,818 (10,911) Other comprehensive income (loss) attributable to Bloomin’ Brands $ 12,872 $ (28,117) $ 9,258 $ (47,354) ________________ (1) Unrealized loss on derivatives is net of tax of $0.5 million and $5.2 million for the thirteen and twenty-six weeks ended June 28, 2020, respectively. (2) Reclassifications of adjustments for loss on derivatives are net of tax. See Note 13 - Derivative Instruments and Hedging Activities for the tax impact of reclassifications.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 27, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities Cash Flow Hedges of Interest Rate Risk - In October 2018, the Company entered into variable-to-fixed interest rate swap agreements with 12 counterparties to hedge a portion of the cash flows of the Company’s variable rate debt. The swap agreements have an aggregate notional amount of $550.0 million and mature on November 30, 2022. Under the terms of the swap agreements, the Company pays a weighted-average fixed rate of 3.04% on the notional amount and receives payments from the counterparty based on the one-month LIBOR rate. In connection with the refinancing of its Former Credit Facility, on April 16, 2021 the Company terminated its variable-to-fixed interest rate swap agreements with seven counterparties having an aggregate notional amount of $275.0 million for a payment of approximately $13.3 million, including accrued interest. Following these terminations, $13.4 million of unrealized losses related to the terminated swap agreements included in AOCL will be amortized on a straight-line basis to Interest expense, net over the remaining original term of the terminated swaps. The Company’s swap agreements have been designated and qualify as cash flow hedges, are recognized on its Consolidated Balance Sheets at fair value and are classified based on the instruments’ maturity dates. As of June 27, 2021, the Company estimated $16.0 million will be reclassified to Interest expense, net over the next 12 fiscal months, including interest expense related to the terminated swap agreements discussed above. The following table presents the fair value and classification of the Company’s swap agreements, as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 CONSOLIDATED BALANCE SHEET CLASSIFICATION Interest rate swaps - liability $ 7,437 $ 14,855 Accrued and other current liabilities Interest rate swaps - liability 3,821 15,640 Other long-term liabilities, net Total fair value of derivative instruments - liabilities (1) $ 11,258 $ 30,495 Accrued interest $ 697 $ 1,237 Accrued and other current liabilities ____________________ (1) See Note 15 - Fair Value Measurements for fair value discussion of the interest rate swaps. The following table summarizes the effects of the swap agreements on Net income (loss) for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Interest rate swap expense recognized in Interest expense, net $ (2,038) $ (3,482) $ (6,082) $ (5,362) Income tax benefit recognized in Provision (benefit) for income taxes 524 897 1,565 1,381 Total effects on Net income (loss) $ (1,514) $ (2,585) $ (4,517) $ (3,981) By utilizing the interest rate swaps, the Company is exposed to credit-related losses in the event that the counterparty fails to perform under the terms of the derivative contract. To mitigate this risk, the Company enters into derivative contracts with major financial institutions based upon credit ratings and other factors. The Company continually assesses the creditworthiness of its counterparties. As of June 27, 2021, all counterparties to the interest rate swaps had performed in accordance with their contractual obligations. The Company has agreements with each of its derivative counterparties that contain a provision where the Company could be declared in default on its derivative obligations if the repayment of the underlying indebtedness is accelerated by the lender due to the Company’s default on indebtedness.

Leases

Leases	6 Months Ended
	Jun. 27, 2021
Leases [Abstract]
Leases	Leases The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) CONSOLIDATED BALANCE SHEET CLASSIFICATION JUNE 27, 2021 DECEMBER 27, 2020 Operating lease right-of-use assets Operating lease right-of-use assets $ 1,161,650 $ 1,172,910 Finance lease right-of-use assets (1) Property, fixtures and equipment, net 1,447 1,947 Total lease assets, net $ 1,163,097 $ 1,174,857 Current operating lease liabilities (2) Accrued and other current liabilities $ 177,807 $ 176,791 Current finance lease liabilities Current portion of long-term debt 1,022 1,210 Non-current operating lease liabilities (3) Non-current operating lease liabilities 1,206,269 1,216,666 Non-current finance lease liabilities Long-term debt, net 617 974 Total lease liabilities $ 1,385,715 $ 1,395,641 ________________ (1) Net of accumulated amortization of $2.8 million and $2.3 million as of June 27, 2021 and December 27, 2020, respectively. (2) Excludes COVID-19-related deferred rent accruals of $3.4 million and $12.8 million as of June 27, 2021 and December 27, 2020, respectively, and accrued contingent percentage rent of $3.3 million and $2.7 million, as of June 27, 2021 and December 27, 2020, respectively. (3) Excludes COVID-19-related non-current deferred rent accruals of $0.8 million and $1.2 million as of June 27, 2021 and December 27, 2020, respectively. Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Operating leases (1) Other restaurant operating $ 43,763 $ 42,776 $ 88,555 $ 88,658 Variable lease cost (2) Other restaurant operating 731 (1,046) 1,508 74 Finance leases Amortization of leased assets Depreciation and amortization 258 315 520 657 Interest on lease liabilities Interest expense, net 31 37 67 83 Sublease revenue (3) Franchise and other revenues (2,825) (109) (3,660) (1,786) Lease costs, net $ 41,958 $ 41,973 $ 86,990 $ 87,686 ________________ (1) Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.2 million and $3.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020, respectively, and $6.7 million and $6.9 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, respectively, which is included in General and administrative expense. Also excludes certain supply chain related rent expense of $0.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020 and $0.6 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, which is included in Food and beverage costs. (2) Includes COVID-19-related rent abatement for all periods presented. (3) Excludes immaterial rental income from Company-owned properties. The following table is a summary of other impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 Cash flows from operating activities: Cash paid for amounts included in the measurement of operating lease liabilities $ 105,323 $ 75,688
Leases	Leases The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) CONSOLIDATED BALANCE SHEET CLASSIFICATION JUNE 27, 2021 DECEMBER 27, 2020 Operating lease right-of-use assets Operating lease right-of-use assets $ 1,161,650 $ 1,172,910 Finance lease right-of-use assets (1) Property, fixtures and equipment, net 1,447 1,947 Total lease assets, net $ 1,163,097 $ 1,174,857 Current operating lease liabilities (2) Accrued and other current liabilities $ 177,807 $ 176,791 Current finance lease liabilities Current portion of long-term debt 1,022 1,210 Non-current operating lease liabilities (3) Non-current operating lease liabilities 1,206,269 1,216,666 Non-current finance lease liabilities Long-term debt, net 617 974 Total lease liabilities $ 1,385,715 $ 1,395,641 ________________ (1) Net of accumulated amortization of $2.8 million and $2.3 million as of June 27, 2021 and December 27, 2020, respectively. (2) Excludes COVID-19-related deferred rent accruals of $3.4 million and $12.8 million as of June 27, 2021 and December 27, 2020, respectively, and accrued contingent percentage rent of $3.3 million and $2.7 million, as of June 27, 2021 and December 27, 2020, respectively. (3) Excludes COVID-19-related non-current deferred rent accruals of $0.8 million and $1.2 million as of June 27, 2021 and December 27, 2020, respectively. Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Operating leases (1) Other restaurant operating $ 43,763 $ 42,776 $ 88,555 $ 88,658 Variable lease cost (2) Other restaurant operating 731 (1,046) 1,508 74 Finance leases Amortization of leased assets Depreciation and amortization 258 315 520 657 Interest on lease liabilities Interest expense, net 31 37 67 83 Sublease revenue (3) Franchise and other revenues (2,825) (109) (3,660) (1,786) Lease costs, net $ 41,958 $ 41,973 $ 86,990 $ 87,686 ________________ (1) Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.2 million and $3.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020, respectively, and $6.7 million and $6.9 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, respectively, which is included in General and administrative expense. Also excludes certain supply chain related rent expense of $0.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020 and $0.6 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, which is included in Food and beverage costs. (2) Includes COVID-19-related rent abatement for all periods presented. (3) Excludes immaterial rental income from Company-owned properties. The following table is a summary of other impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 Cash flows from operating activities: Cash paid for amounts included in the measurement of operating lease liabilities $ 105,323 $ 75,688

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 27, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is the price that would be received for an asset or paid to transfer a liability, or the exit price, in an orderly transaction between market participants on the measurement date. Fair value is categorized into one of the following three levels based on the lowest level of significant input: Level 1 Unadjusted quoted market prices in active markets for identical assets or liabilities Level 2 Observable inputs available at measurement date other than quoted prices included in Level 1 Level 3 Unobservable inputs that cannot be corroborated by observable market data Fair Value Measurements on a Recurring Basis - The following table summarizes the Company’s financial assets and liabilities measured at fair value by hierarchy level on a recurring basis as of the periods indicated: JUNE 27, 2021 DECEMBER 27, 2020 (dollars in thousands) TOTAL LEVEL 1 LEVEL 2 TOTAL LEVEL 1 LEVEL 2 Assets: Cash equivalents: Fixed income funds $ 8,664 $ 8,664 $ — $ 15,404 $ 15,404 $ — Money market funds 14,054 14,054 — 16,494 16,494 — Restricted cash equivalents: Money market funds 1,790 1,790 — 428 428 — Total asset recurring fair value measurements $ 24,508 $ 24,508 $ — $ 32,326 $ 32,326 $ — Liabilities: Accrued and other current liabilities: Derivative instruments - interest rate swaps $ 7,437 $ — $ 7,437 $ 14,855 $ — $ 14,855 Other long-term liabilities: Derivative instruments - interest rate swaps 3,821 — 3,821 15,640 — 15,640 Total liability recurring fair value measurements $ 11,258 $ — $ 11,258 $ 30,495 $ — $ 30,495 Fair value of each class of financial instrument is determined based on the following: FINANCIAL INSTRUMENT METHODS AND ASSUMPTIONS Fixed income funds and Money market funds Carrying value approximates fair value because maturities are less than three months. Derivative instruments The Company’s derivative instruments include interest rate swaps. Fair value measurements are based on the contractual terms of the derivatives and use observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs including interest rate curves and credit spreads. The Company also considers its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. As of June 27, 2021 and December 27, 2020, the Company has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives. Fair Value Measurements on a Nonrecurring Basis - Assets and liabilities that are measured at fair value on a nonrecurring basis relate primarily to property, fixtures and equipment, operating lease right-of-use assets, goodwill and other intangible assets, which are remeasured when carrying value exceeds fair value. Carrying value after impairment approximates fair value. The following table summarizes the Company’s assets measured at fair value by hierarchy level on a nonrecurring basis, for the periods indicated: THIRTEEN WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) REMAINING CARRYING VALUE TOTAL IMPAIRMENT REMAINING CARRYING VALUE TOTAL IMPAIRMENT Operating lease right-of-use assets (1) $ 5,687 $ 962 $ 32,404 $ 4,028 Property, fixtures and equipment (2) 8,192 4,460 9,992 19,595 Goodwill and other assets (3) — — 748 295 $ 13,879 $ 5,422 $ 43,144 $ 23,918 TWENTY-SIX WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) REMAINING CARRYING VALUE TOTAL IMPAIRMENT REMAINING CARRYING VALUE TOTAL IMPAIRMENT Assets held for sale (1) $ — $ — $ 1,182 $ 75 Operating lease right-of-use assets (1) 7,651 1,512 85,537 23,591 Property, fixtures and equipment (2) 8,928 6,052 28,390 37,993 Goodwill and other assets (3) — — 748 2,683 $ 16,579 $ 7,564 $ 115,857 $ 64,342 ____________________ (1) Asset carrying values measured using discounted cash flow models (Level 3). (2) Carrying values measured using Level 2 inputs to estimate fair value totaled $0.5 million and $2.2 million for the thirteen and twenty-six weeks ended June 28, 2020, respectively. All other assets were valued using Level 3 inputs. Third-party market appraisals (Level 2) and discounted cash flow models (Level 3) were used to estimate fair value. (3) Other assets generally measured using the quoted market value of comparable assets (Level 2). See Note 4 - Impairments and Exit Costs for information regarding impairment charges resulting from the fair value measurement performed on a nonrecurring basis during the thirteen and twenty-six weeks ended June 28, 2020. Projected future cash flows, including discount rate and growth rate assumptions, are derived from then current economic conditions, expectations of management and projected trends of current operating results. As a result, the Company has determined that the majority of the inputs used to value its long-lived assets held and used are unobservable inputs that fall within Level 3 of the fair value hierarchy. In assessment of impairment for operating locations, the Company determined the fair values of individual operating locations using an income approach, which required discounting projected future cash flows. When determining the stream of projected future cash flows associated with an individual operating location, management made assumptions, including highest and best use and inputs from restaurant operations, where necessary, and about key variables including the following unobservable inputs: revenue growth rates, controllable and uncontrollable expenses, and asset residual values. In order to calculate the present value of those future cash flows, the Company discounted cash flow estimates at its weighted-average cost of capital applicable to the country in which the measured assets reside. The following table presents quantitative information related to certain unobservable inputs used in the Company’s Level 3 fair value measurements of Operating lease right-of-use assets and Property, fixtures and equipment for the impairment losses incurred for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED UNOBSERVABLE INPUTS JUNE 28, 2020 JUNE 28, 2020 Weighted-average cost of capital 10.9% 10.4% to 10.9% Long-term growth rate 1.5% to 2.0% 1.5% to 2.0% Interim Disclosures about Fair Value of Financial Instruments - The Company’s non-derivative financial instruments consist of cash equivalents, accounts receivable, accounts payable and current and long-term debt. The fair values of cash equivalents, accounts receivable and accounts payable approximate their carrying amounts reported on its Consolidated Balance Sheets due to their short duration. Debt is carried at amortized cost; however, the Company estimates the fair value of debt for disclosure purposes. The following table includes the carrying value and fair value of the Company’s debt by hierarchy level as of the periods indicated: JUNE 27, 2021 DECEMBER 27, 2020 CARRYING VALUE FAIR VALUE LEVEL 2 CARRYING VALUE FAIR VALUE LEVEL 2 (dollars in thousands) Senior Secured Credit Facility: Term loan A $ 200,000 $ 196,250 $ — $ — Revolving credit facility $ 134,000 $ 128,850 $ — $ — Former Credit Facility: Term loan A $ — $ — $ 425,000 $ 412,250 Revolving credit facility $ — $ — $ 447,000 $ 419,612 2025 Notes $ 230,000 $ 559,450 $ 230,000 $ 413,818 2029 Notes $ 300,000 $ 307,503 $ — $ —

Allowance for Expected Credit L

Allowance for Expected Credit Losses	6 Months Ended
	Jun. 27, 2021
Credit Loss [Abstract]
Allowance for Expected Credit Losses	Allowance for Expected Credit Losses The following table is a rollforward of the Company’s trade receivables allowance for expected credit losses for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Allowance for expected credit losses, beginning of period $ 3,997 $ 4,551 $ 4,095 $ 199 Adjustment for adoption of ASU No. 2016-13 — — — 1,018 Provision for expected credit losses (1) — 15 — 3,349 Charge-off of accounts (8) — (106) — Allowance for expected credit losses, end of period $ 3,989 $ 4,566 $ 3,989 $ 4,566 ________________ (1) In March 2020, the Company fully reserved substantially all of its outstanding franchise receivables in response to the economic impact of the COVID-19 pandemic. See Note 2 - COVID-19 Charges for details regarding the impact of the COVID-19 pandemic on the Company’s financial results. The Company is also exposed to credit losses from off-balance sheet lease guarantees primarily related to the divestiture of certain formerly Company-owned restaurant sites. See Note 18 - Commitments and Contingencies

Income Taxes

Income Taxes	6 Months Ended
	Jun. 27, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Income (loss) before provision (benefit) for income taxes $ 107,574 $ (128,207) $ 183,965 $ (182,276) Provision (benefit) for income taxes $ 22,688 $ (35,779) $ 29,281 $ (55,434) Effective income tax rate 21.1 % 27.9 % 15.9 % 30.4 % The effective income tax rate for the thirteen and twenty-six weeks ended June 27, 2021 decreased by 6.8 and 14.5 percentage points, respectively, as compared to the thirteen and twenty-six weeks ended June 28, 2020. These decreases were primarily due to the benefit of FICA tax credits on certain employees’ tips reducing the effective tax rate in 2021 as a result of forecasted pre-tax book income as compared to increasing the effective tax rate in 2020 as a result of forecasted pre-tax book loss. As of December 27, 2020, the Company had $155.3 million in general business tax credits carryforwards, which have a 20-year carryforward period and are utilized on a first-in, first-out basis. The Company does not expect to increase its general business credit carryforwards in 2021 and currently expects to utilize these tax credit carryforwards within a 10-year period. However, the Company’s ability to utilize these tax credits could be adversely impacted by, among other items, a future ownership change as defined under Section 382 of the Internal Revenue Code. The Company has a blended federal and state statutory rate of approximately 26%. The effective income tax rate for the thirteen and twenty-six weeks ended June 27, 2021 was lower than the statutory rate primarily due to the benefit of FICA tax credits on certain employees’ tips.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 27, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Other Matters - The Company is subject to legal proceedings, claims and liabilities, such as liquor liability, slip and fall cases, wage-and-hour and other employment-related litigation, which arise in the ordinary course of business. A reserve is recorded when it is both: (i) probable that a loss has occurred and (ii) the amount of loss can be reasonably estimated. There may be instances in which an exposure to loss exceeds the recorded reserve. The Company evaluates, on a quarterly basis, developments in legal proceedings that could cause an increase or decrease in the amount of the reserve that has been previously recorded, or a revision to the disclosed estimated range of possible losses, as applicable. The Company’s legal proceedings range from cases brought by a single plaintiff to threatened class actions with many putative class members. While some matters pending against the Company specify the damages claimed by the plaintiff or class, many seek an unspecified amount of damages or are at very early stages of the legal process. Even when the amount of damages claimed against the Company are stated, the claimed amount may be exaggerated, unsupported or unrelated to possible outcomes, and as such, are not meaningful indicators of the Company’s potential liability or financial exposure. As a result, some matters have not yet progressed sufficiently through discovery or development of important factual information and legal issues to enable the Company to estimate an amount of loss or a range of possible loss. The Company recorded reserves of $5.9 million and $4.6 million for certain of its outstanding legal proceedings as of June 27, 2021 and December 27, 2020, respectively, within Accrued and other current liabilities and Other long-term liabilities on its Consolidated Balance Sheets. While the Company believes that additional losses beyond these accruals are reasonably possible, it cannot estimate a possible loss contingency or range of reasonably possible loss contingencies beyond these accruals.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 27, 2021
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting The Company considers its restaurant concepts and international markets as operating segments, which reflects how the Company manages its business, reviews operating performance and allocates resources. Resources are allocated and performance is assessed by the Company’s Chief Executive Officer (“CEO”), whom the Company has determined to be its Chief Operating Decision Maker (“CODM”). The Company aggregates its operating segments into two reportable segments, U.S. and international. The U.S. segment includes all restaurants operating in the U.S. while restaurants operating outside the U.S. are included in the international segment. The following is a summary of reporting segments: REPORTABLE SEGMENT (1) CONCEPT GEOGRAPHIC LOCATION U.S. Outback Steakhouse United States of America Carrabba’s Italian Grill Bonefish Grill Fleming’s Prime Steakhouse & Wine Bar International Outback Steakhouse Brazil, Hong Kong/China Carrabba’s Italian Grill (Abbraccio) Brazil _________________ (1) Includes franchise locations. Segment accounting policies are the same as those described in Note 2 - Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 27, 2020. Revenues for all segments include only transactions with customers and exclude intersegment revenues. Excluded from Income (loss) from operations for U.S. and international are certain legal and corporate costs not directly related to the performance of the segments, most stock-based compensation expenses and certain bonus expenses. The following table is a summary of Total revenues by segment, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Total revenues U.S. $ 1,003,058 $ 537,080 $ 1,907,976 $ 1,431,577 International 74,308 41,379 156,863 155,219 Total revenues $ 1,077,366 $ 578,459 $ 2,064,839 $ 1,586,796 The following table is a reconciliation of Segment income (loss) from operations to Income (loss) before provision (benefit) for income taxes, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Segment income (loss) from operations U.S. $ 165,297 $ (62,921) $ 287,032 $ (51,542) International 2,470 (17,070) 6,007 (10,283) Total segment income (loss) from operations 167,767 (79,991) 293,039 (61,825) Unallocated corporate operating expense (1) (43,130) (31,921) (77,404) (91,655) Total income (loss) from operations 124,637 (111,912) 215,635 (153,480) Loss on extinguishment and modification of debt (2,073) (237) (2,073) (237) Other income (expense), net — 581 21 (212) Interest expense, net (14,990) (16,639) (29,618) (28,347) Income (loss) before provision (benefit) for income taxes $ 107,574 $ (128,207) $ 183,965 $ (182,276) ____________________ (1) The thirteen and twenty-six weeks ended June 28, 2020 include $2.4 million and $24.6 million, respectively, of charges that were not allocated to the Company’s segments related to its transformational initiatives, primarily recorded within General and administrative expense and Provision for impaired assets and restaurant closings. The following table is a summary of Depreciation and amortization expense by segment for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Depreciation and amortization U.S. $ 33,578 $ 37,308 $ 67,223 $ 74,948 International 5,566 5,884 11,286 12,642 Corporate 1,395 2,592 3,256 6,462 Total depreciation and amortization $ 40,539 $ 45,784 $ 81,765 $ 94,052 The following table is a summary of capital expenditures by segment for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 Capital expenditures U.S. $ 42,574 $ 30,692 International 5,531 10,914 Corporate 3,138 2,471 Total capital expenditures $ 51,243 $ 44,077

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 27, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn August 2, 2021, wholly-owned subsidiaries of the Company entered into the Purchase and Sale of Royalty Payment Stream and Termination of Royalty Agreement (the “Royalty Termination Agreement”) with the Carrabba’s Italian Grill founders (the “Carrabba’s Founders”), pursuant to which the Company’s obligation to pay future royalties on U.S. Carrabba’s Italian Grill restaurant sales and lump sum royalty fees on Carrabba’s Italian Grill restaurants opened outside the U.S. was terminated. Upon execution of the Royalty Termination Agreement, the Company made a cash payment of $61.9 million to the Carrabba’s Founders, which was recorded in Other restaurant operating expense in its Consolidated Statements of Operations and Comprehensive Income (Loss) during the thirteen weeks ended September 26, 2021.

Description of the Business a_2

Description of the Business and Basis of Presentation (Policies)	6 Months Ended
	Jun. 27, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of Presentation - The accompanying interim unaudited consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles in the United States (“U.S. GAAP”) for complete financial statements. In the opinion of the Company, all adjustments necessary for fair financial statement presentation for the periods presented have been included and are of a normal, recurring nature. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 27, 2020.
Recently adopted financial accounting standards	Recently Adopted Financial Accounting Standards - On December 28, 2020, the Company adopted Accounting Standards Update (“ASU”) No. 2020-06, “Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity’s Own Equity,” (“ASU No. 2020-06”) which removes the separation models for convertible debt with a cash conversion feature or convertible instruments with a beneficial conversion feature. ASU No. 2020-06 also requires the application of the if-converted method for calculating diluted earnings per share and the treasury stock method is no longer permitted for convertible instruments. The Company adopted ASU No. 2020-06 using the modified retrospective approach which resulted in a cumulative-effect adjustment that increased (decreased) the following Consolidated Balance Sheet accounts during the first quarter of 2021: ADJUSTMENT CONSOLIDATED BALANCE SHEET CLASSIFICATION AMOUNT Deferred tax impact of cumulative-effect adjustment Deferred income tax assets, net $ 14.9 Debt discount reclassification Long-term debt, net $ 59.9 Equity issuance costs reclassification Long-term debt, net $ (2.1) Debt discount amortization reclassification, net of tax Accumulated deficit $ 4.4 Reversal of separated equity component, net of tax Additional paid-in capital $ (47.3) After adopting ASU No. 2020-06, the Company’s convertible senior notes due 2025 (the “2025 Notes”) are reflected entirely as a liability since the embedded conversion feature is no longer separately presented within stockholders’ equity. During 2020, the Company recognized debt discount amortization of $6.3 million within Interest expense, net related to its 2025 Notes. In February 2021, the Company made an irrevocable election under the indenture to require the principal portion of its 2025 Notes to be settled in cash and any excess in shares. Following the irrevocable notice, only the amounts expected to be settled in excess of the principal will be considered in diluted earnings per share under the if-converted method. Recently Issued Financial Accounting Standards Not Yet Adopted - Recent accounting guidance not discussed herein is not applicable, did not have, or is not expected to have a material impact to the Company.
Reclassifications	Reclassifications - The Company reclassified certain items in the accompanying consolidated financial statements for prior periods to be comparable with the classification for the current period. These reclassifications had no effect on previously reported net income.

Description of the Business a_3

Description of the Business and Basis of Presentation (Tables)	6 Months Ended
	Jun. 27, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting standards update and change in accounting principle	The Company adopted ASU No. 2020-06 using the modified retrospective approach which resulted in a cumulative-effect adjustment that increased (decreased) the following Consolidated Balance Sheet accounts during the first quarter of 2021: ADJUSTMENT CONSOLIDATED BALANCE SHEET CLASSIFICATION AMOUNT Deferred tax impact of cumulative-effect adjustment Deferred income tax assets, net $ 14.9 Debt discount reclassification Long-term debt, net $ 59.9 Equity issuance costs reclassification Long-term debt, net $ (2.1) Debt discount amortization reclassification, net of tax Accumulated deficit $ 4.4 Reversal of separated equity component, net of tax Additional paid-in capital $ (47.3)

COVID-19 Charges (Tables)

COVID-19 Charges (Tables)	6 Months Ended
	Jun. 27, 2021
COVID-19 Impact [Abstract]
Charges from COVID-19	Following is a summary of charges recorded in connection with the COVID-19 pandemic for the periods indicated (dollars in thousands): CHARGES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED JUNE 28, 2020 JUNE 28, 2020 Inventory obsolescence and spoilage (1) Food and beverage costs $ 1,163 $ 7,345 Compensation for idle employees (2) Labor and other related 11,388 27,574 Other operating charges Other restaurant operating 2,467 2,467 Lease guarantee contingent liabilities (3) General and administrative — 4,188 Allowance for expected credit losses (4) General and administrative — 3,334 Other charges General and administrative 1,216 1,789 Right-of-use asset impairment (5) Provision for impaired assets and restaurant closings 5,273 25,757 Fixed asset impairment (5) Provision for impaired assets and restaurant closings 19,611 31,339 Goodwill and other impairment (6) Provision for impaired assets and restaurant closings 611 2,999 $ 41,729 $ 106,792 ________________ (1) Includes the write-off of value-added tax credits during the twenty-six weeks ended June 28, 2020 related to the purchase of inventory by the Company’s Brazil subsidiary. (2) Represents relief pay for hourly employees impacted by the closure of dining rooms, net of $13.7 million of employee retention tax credits earned during the thirteen and twenty-six weeks ended June 28, 2020. (3) Represents additional contingent liabilities recorded for lease guarantees related to certain former restaurant locations now operated by franchisees or other third parties. (4) Includes additional reserves to reflect an increase in expected credit losses, primarily related to franchise receivables. (5) Includes impairments resulting from the remeasurement of assets utilizing projected future cash flows revised for then current economic conditions, restructuring charges and the closure of certain restaurants. (6) Includes impairment of goodwill for the Company’s Hong Kong subsidiary during the twenty-six weeks ended June 28, 2020.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 27, 2021
Revenue Recognition [Line Items]
Schedule of principal transactions, revenue	The following table includes the categories of revenue included in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Revenues Restaurant sales $ 1,055,227 $ 576,261 $ 2,034,678 $ 1,572,498 Franchise and other revenues Franchise revenue 12,221 1,951 19,010 11,500 Other revenues (1) 9,918 247 11,151 2,798 Total Franchise and other revenues 22,139 2,198 30,161 14,298 Total revenues $ 1,077,366 $ 578,459 $ 2,064,839 $ 1,586,796 ________________ (1) During the thirteen and twenty-six weeks ended June 27, 2021, the Company recognized $6.3 million of other revenues in connection with favorable court rulings in Brazil regarding the calculation methodology and taxable base of Program of Social Integration (“PIS”) and Contribution for the Financing of Social Security (“COFINS”) taxes. The amount recognized as a result of the favorable court rulings primarily represents refundable PIS and COFINS taxes for prior years, including accrued interest, and will be recovered by offsetting future PIS and COFINS taxes due.
Disaggregation of revenue	The following tables include disaggregation of Restaurant sales and franchise revenue, by restaurant concept and major international market, for the periods indicated: THIRTEEN WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUE RESTAURANT SALES FRANCHISE REVENUE U.S. Outback Steakhouse $ 579,096 $ 8,418 $ 346,553 $ 136 Carrabba’s Italian Grill 171,408 665 93,738 7 Bonefish Grill 149,036 174 63,744 4 Fleming’s Prime Steakhouse & Wine Bar 88,101 — 31,156 — Other 2,652 — 1,576 — U.S. total 990,293 9,257 536,767 147 International Outback Steakhouse Brazil 43,310 — 24,003 — Other (1) 21,624 2,964 15,491 1,804 International total 64,934 2,964 39,494 1,804 Total $ 1,055,227 $ 12,221 $ 576,261 $ 1,951 TWENTY-SIX WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) RESTAURANT SALES FRANCHISE REVENUE RESTAURANT SALES FRANCHISE REVENUE U.S. Outback Steakhouse $ 1,126,291 $ 11,374 $ 877,238 $ 6,677 Carrabba’s Italian Grill 329,094 1,282 240,613 468 Bonefish Grill 276,010 304 198,816 140 Fleming’s Prime Steakhouse & Wine Bar 154,412 — 102,116 — Other 4,545 — 2,873 — U.S. total 1,890,352 12,960 1,421,656 7,285 International Outback Steakhouse Brazil 104,158 — 115,593 — Other (1) 40,168 6,050 35,249 4,215 International total 144,326 6,050 150,842 4,215 Total $ 2,034,678 $ 19,010 $ 1,572,498 $ 11,500 ________________ (1) Includes Restaurant sales for the Company’s Abbraccio concept in Brazil.
Contract with customers, asset and liability	The following table includes a detail of assets and liabilities from contracts with customers included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Other current assets, net Deferred gift card sales commissions $ 12,548 $ 19,300 Unearned revenue Deferred gift card revenue $ 293,955 $ 373,048 Deferred loyalty revenue 8,604 8,099 Deferred franchise fees - current 437 469 Total Unearned revenue $ 302,996 $ 381,616 Other long-term liabilities, net Deferred franchise fees - non-current $ 4,174 $ 4,301
Other current assets, net
Revenue Recognition [Line Items]
Contract with customers, asset and liability	The following table is a rollforward of deferred gift card sales commissions for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Balance, beginning of period $ 13,502 $ 13,049 $ 19,300 $ 18,554 Deferred gift card sales commissions amortization (5,711) (2,502) (14,436) (11,592) Deferred gift card sales commissions capitalization 5,297 3,142 8,796 7,466 Other (540) (65) (1,112) (804) Balance, end of period $ 12,548 $ 13,624 $ 12,548 $ 13,624
Unearned revenue
Revenue Recognition [Line Items]
Contract with customers, asset and liability	The following table is a rollforward of unearned gift card revenue for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Balance, beginning of period $ 306,075 $ 277,518 $ 373,048 $ 358,757 Gift card sales 63,921 41,649 108,090 100,088 Gift card redemptions (71,859) (37,404) (176,799) (170,585) Gift card breakage (4,182) (1,790) (10,384) (8,287) Balance, end of period $ 293,955 $ 279,973 $ 293,955 $ 279,973

Impairments and Exit Costs (Tab

Impairments and Exit Costs (Tables)	6 Months Ended
	Jun. 27, 2021
Impairments, Exit Costs and Disposals [Abstract]
Provision for impaired assets and restaurant closings	The components of Provision for impaired assets and restaurant closings are as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Impairment losses U.S. (1) $ 5,768 $ 23,741 $ 7,174 $ 54,713 International (1)(2) (555) 296 152 3,468 Corporate (3) 209 (119) 238 6,161 Total impairment losses 5,422 23,918 7,564 64,342 Restaurant closure charges U.S. (1) (92) 1,041 (34) 1,762 International (1) (153) — (153) 173 Total restaurant closure charges (245) 1,041 (187) 1,935 Provision for impaired assets and restaurant closings $ 5,177 $ 24,959 $ 7,377 $ 66,277 ________________ (1) U.S. and international impairment and closure charges for the thirteen and twenty-six weeks ended June 28, 2020 primarily relate to the COVID-19 pandemic, including charges related to the COVID-19 Restructuring discussed below. See Note 2 - COVID-19 Charges for details regarding the impact of the COVID-19 pandemic on the Company’s financial results. (2) Includes goodwill impairment charges of $2.0 million during the twenty-six weeks ended June 28, 2020. (3) Corporate impairment charges for the twenty-six weeks ended June 28, 2020 primarily relate to transformational initiatives.
Restructuring and related costs	Following is a summary of the COVID-19 Restructuring charges recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated (dollars in thousands): CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN AND TWENTY-SIX WEEKS ENDED DESCRIPTION JUNE 28, 2020 Property, fixtures and equipment impairments Provision for impaired assets and restaurant closings $ 16,932 Lease right-of-use asset impairments and closing costs Provision for impaired assets and restaurant closings 3,920 Severance and other expenses General and administrative 1,160 $ 22,012
Accrued facility closure and other costs rollforward	The following table is a rollforward of the Company’s closed facility lease liabilities and other accrued costs associated with the closure and restructuring initiatives, for the period indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 Balance, beginning of the period $ 12,879 Cash payments (2,239) Accretion 488 Adjustments (790) Balance, end of the period (1) $ 10,338 ________________ (1) As of June 27, 2021, the Company had exit-related accruals related to certain closure and restructuring initiatives of $3.6 million recorded in Accrued and other current liabilities and $6.7 million recorded in Non-current operating lease liabilities on its Consolidated Balance Sheet.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
	Jun. 27, 2021
Earnings Per Share [Abstract]
Schedule of earnings (loss) per share, basic and diluted	The following table presents the computation of basic and diluted earnings (loss) per share attributable to common stockholders for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (in thousands, except per share data) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Net income (loss) attributable to Bloomin’ Brands $ 82,545 $ (92,256) $ 151,407 $ (126,867) Redemption of preferred stock in excess of carrying value (1) — — — (3,496) Net income (loss) attributable to common stockholders 82,545 (92,256) 151,407 (130,363) Convertible senior notes if-converted method interest adjustment, net of tax (2) — — 691 — Diluted net income (loss) attributable to common stockholders $ 82,545 $ (92,256) $ 152,098 $ (130,363) Basic weighted average common shares outstanding 89,075 87,496 88,721 87,312 Effect of dilutive securities: Stock options 1,165 — 937 — Nonvested restricted stock units 351 — 427 — Nonvested performance-based share units — — 47 — Convertible senior notes (2)(3) 11,231 — 13,212 — Warrants (3) 7,983 — 6,879 — Diluted weighted average common shares outstanding 109,805 87,496 110,223 87,312 Basic earnings (loss) per share attributable to common stockholders $ 0.93 $ (1.05) $ 1.71 $ (1.49) Diluted earnings (loss) per share attributable to common stockholders $ 0.75 $ (1.05) $ 1.38 $ (1.49) ________________ (1) Consideration paid in excess of carrying value for the redemption of preferred stock is considered a deemed dividend and, for purposes of calculating earnings per share, reduces net income attributable to common stockholders for the twenty-six weeks ended June 28, 2020. See Note 12 - Stockholders’ Equity for additional details. (2) Adjustment for interest related to the 2025 Notes weighted for the portion of the period prior to the Company’s election under the 2025 Notes indenture to settle the principal portion of its 2025 Notes in cash. Effective with the Company’s election, there will be no further numerator adjustments for interest or denominator adjustments for shares required to settle the principal portion. (3) Due to the Company’s net loss during the thirteen and twenty-six weeks ended June 28, 2020, dilutive excess shares, if applicable, and warrants were excluded from the computation of diluted earnings per share as their effect would be antidilutive.
Schedule of antidilutive securities excluded from computation of earnings (loss) per share	Share-based compensation-related weighted-average securities outstanding not included in the computation of net earnings (loss) per share attributable to common stockholders because their effect was antidilutive were as follows, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (shares in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Stock options — 5,352 682 5,009 Nonvested restricted stock units 9 990 41 821 Nonvested performance-based share units 465 624 448 578

Stock-based Compensation Plans

Stock-based Compensation Plans (Tables)	6 Months Ended
	Jun. 27, 2021
Share-based Payment Arrangement [Abstract]
Schedule of compensation cost for stock-based payment arrangements, allocation of share-based compensation costs by plan	The Company recognized stock-based compensation expense as follows for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Stock options $ 469 $ 1,038 $ 1,334 $ 1,870 Restricted stock units 1,964 2,340 4,330 4,023 Performance-based share units (1) 7,318 1,693 8,787 2,392 $ 9,751 $ 5,071 $ 14,451 $ 8,285 ________________ (1) The thirteen and twenty-six weeks ended June 27, 2021 includes a cumulative life-to-date adjustment for PSUs granted in fiscal years 2019, 2020 and 2021 based on revised Company performance projections of performance criteria set forth in the award agreements.
Schedule of stock-based payment award, performance-based shares, valuation assumptions	Assumptions used in the Monte Carlo simulation model and the grant date fair value of PSUs granted were as follows for the period indicated: TWENTY-SIX WEEKS ENDED JUNE 27, 2021 Assumptions: Risk-free interest rate (1) 0.20 % Volatility (2) 48.45 % Grant date fair value per unit (3) $ 29.73 ________________ (1) Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for the performance period of the unit. (2) Based on the historical volatility of the Company’s stock over the last seven years.
Schedule of unrecognized compensation cost, nonvested awards	The following represents unrecognized stock-based compensation expense and the remaining weighted-average vesting period as of June 27, 2021: UNRECOGNIZED COMPENSATION EXPENSE REMAINING WEIGHTED-AVERAGE VESTING PERIOD (in years) Stock options $ 1,556 0.9 Restricted stock units $ 13,678 2.1 Performance-based share units $ 24,264 1.8

Other Current Assets, Net (Tabl

Other Current Assets, Net (Tables)	6 Months Ended
	Jun. 27, 2021
Other Current Assets, Net [Abstract]
Schedule of other current assets	Other current assets, net, consisted of the following as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Prepaid expenses $ 22,668 $ 12,148 Accounts receivable - gift cards, net (1) 16,177 76,808 Accounts receivable - vendors, net (1) 9,212 8,886 Accounts receivable - franchisees, net (1) 887 1,007 Accounts receivable - other, net (1) 13,378 16,782 Deferred gift card sales commissions 12,548 19,300 Assets held for sale 1,358 3,831 Other current assets, net 8,756 12,756 $ 84,984 $ 151,518 ________________ (1) See Note 16 - Allowance for Expected Credit Losses for a rollforward of the related allowance for expected credit losses.

Accrued and Other Current Lia_2

Accrued and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 27, 2021
Payables and Accruals [Abstract]
Schedule of accrued and other current liabilities	Accrued and other current liabilities consisted of the following as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Accrued rent and current operating lease liabilities $ 184,486 $ 192,369 Accrued payroll and other compensation (1) 116,951 79,291 Accrued insurance 22,414 20,648 Other current liabilities (2) 115,445 96,013 $ 439,296 $ 388,321 ________________ (1) During the twenty-six weeks ended June 27, 2021, the Company reclassified $27.3 million of payroll taxes deferred under the Coronavirus, Aid, Relief and Economic Security Act (“CARES Act”) to current. (2) During the twenty-six weeks ended June 27, 2021, sales tax payable and income tax payable increased by $8.7 million and $6.4 million, respectively, due to increased sales and pre-tax income during the period.

Long-term Debt, Net (Tables)

Long-term Debt, Net (Tables)	6 Months Ended
	Jun. 27, 2021
Debt Disclosure [Abstract]
Schedule of long-term debt, net	Following is a summary of outstanding long-term debt, as of the periods indicated: JUNE 27, 2021 DECEMBER 27, 2020 (dollars in thousands) OUTSTANDING BALANCE INTEREST RATE OUTSTANDING BALANCE INTEREST RATE Senior Secured Credit Facility: Term loan A (1) $ 200,000 2.59 % $ — Revolving credit facility (1) 134,000 2.59 % — Total Senior Secured Credit Facility 334,000 — Former Credit Facility: Term loan A (1) — 425,000 2.88 % Revolving credit facility (1) — 447,000 2.88 % Total Former Credit Facility — 872,000 2025 Notes (2) 230,000 5.00 % 230,000 5.00 % 2029 Notes 300,000 5.13 % — Finance lease liabilities 1,794 2,405 Less: unamortized debt discount and issuance costs (3) (15,576) (67,704) Less: finance lease interest (155) (221) Total debt, net 850,063 1,036,480 Less: current portion of long-term debt (11,022) (38,710) Long-term debt, net $ 839,041 $ 997,770 ________________ (1) Interest rate represents the weighted-average interest rate as of the respective periods. (2) See Note 10 - Convertible Senior Notes for details regarding the 2025 Notes and related hedge and warrant transactions. (3) In connection with the adoption of ASU No. 2020-06, debt discount of $59.9 million related to the 2025 Notes was de-recognized and $2.1 million of equity issuance costs were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021.
Schedule of interest rate options	The interest rates are as follows: BASE RATE ELECTION EUROCURRENCY RATE ELECTION Term loan A and revolving credit facility 50 to 150 basis points over the Base Rate 150 to 250 basis points over the Eurocurrency Rate
Schedule of required amortization payments	The following is a summary of required quarterly amortization payments for the Term loan A (dollars in thousands): SCHEDULED QUARTERLY PAYMENT DATES TERM LOAN A September 26, 2021 through June 30, 2024 $ 2,500 September 29, 2024 through June 29, 2025 $ 3,750 September 28, 2025 and December 28, 2025 $ 5,000
Schedule of maximum total net leverage ratio	The Second Amended and Restated Credit Agreement requires a TNLR not to exceed the following thresholds for the periods indicated: QUARTERLY PERIOD ENDED MAXIMUM RATIO June 27, 2021 (1) 5.00 to 1.00 September 26, 2021 (2) and thereafter 4.50 to 1.00 ________________ (1) Seasonally annualized Consolidated EBITDA calculated as Consolidated EBITDA for the two consecutive quarters ending June 27, 2021 divided by 58.5%.
Schedule of maturities of long-term debt	Following is a summary of principal payments of the Company’s total consolidated debt outstanding as of the period indicated: (dollars in thousands) JUNE 27, 2021 Year 1 $ 11,051 Year 2 10,250 Year 3 10,188 Year 4 245,175 Year 5 289,130 Thereafter 300,000 Total payments 865,794 Less: unamortized debt discount and issuance costs (15,576) Less: finance lease interest (155) Total principal payments $ 850,063

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	6 Months Ended
	Jun. 27, 2021
Convertible Notes [Abstract]
Convertible senior notes balances	The following table includes the outstanding principal amount and carrying value of the 2025 Notes as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Long-term debt, net Principal $ 230,000 $ 230,000 Less: Debt discount (1) — (59,862) Less: Debt issuance costs (1)(2) (6,688) (5,427) Net carrying amount 223,312 164,711 Equity component (1) $ — $ 64,367 ________________ (1) In connection with the adoption of ASU No. 2020-06, debt discount and the equity component of the 2025 Notes were de-recognized and $2.1 million of issuance costs that were previously allocated to the equity component were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021. (2) Debt issuance costs are amortized to Interest expense, net using the effective interest method over the expected life of the 2025 Notes.
Convertible senior notes interest expense	Following is a summary of interest expense for the 2025 Notes, by component, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 27, 2021 Coupon interest $ 2,875 $ 5,750 Deferred issuance cost amortization 386 767 Total interest expense $ 3,261 $ 6,517

Other Long-term Liabilities, _2

Other Long-term Liabilities, Net (Tables)	6 Months Ended
	Jun. 27, 2021
Other Liabilities Disclosure [Abstract]
Other long-term liabilities	Other long-term liabilities, net, consisted of the following as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Accrued insurance liability $ 32,704 $ 32,128 Chef and Restaurant Managing Partner deferred compensation obligations 20,687 32,306 Deferred payroll tax liabilities (1) 27,302 55,204 Other long-term liabilities (2) 53,601 65,717 $ 134,294 $ 185,355 _______________ (1) During the twenty-six weeks ended June 27, 2021, the Company reclassified $27.3 million of payroll taxes deferred under the CARES Act to current. (2) The Company’s hedge liability decreased by $11.8 million during the twenty-six weeks ended June 27, 2021 primarily from the termination of certain interest rate swaps. See Note 13 - Derivative Instruments and Hedging Activities

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 27, 2021
Stockholders' Equity Attributable to Parent [Abstract]
Schedule of accumulated other comprehensive loss	Following are the components of AOCL as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 Foreign currency translation adjustment $ (185,443) $ (188,883) Unrealized loss on derivatives, net of tax (16,745) (22,563) Accumulated other comprehensive loss $ (202,188) $ (211,446)
Other comprehensive loss	Following are the components of Other comprehensive income (loss) attributable to Bloomin’ Brands for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Foreign currency translation adjustment $ 10,015 $ (29,146) $ 3,440 $ (36,443) Unrealized loss on derivatives, net of tax (1) (128) (1,556) (170) (14,892) Reclassification of adjustments for loss on derivatives included in Net income (loss), net of tax (2) 1,514 2,585 4,517 3,981 Amortization of terminated interest rate swaps, net of tax 1,471 — 1,471 — Total unrealized gain (loss) on derivatives, net of tax 2,857 1,029 5,818 (10,911) Other comprehensive income (loss) attributable to Bloomin’ Brands $ 12,872 $ (28,117) $ 9,258 $ (47,354) ________________ (1) Unrealized loss on derivatives is net of tax of $0.5 million and $5.2 million for the thirteen and twenty-six weeks ended June 28, 2020, respectively. (2) Reclassifications of adjustments for loss on derivatives are net of tax. See Note 13 - Derivative Instruments and Hedging Activities for the tax impact of reclassifications.

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 27, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of derivative instruments in statement of financial position, fair value	The following table presents the fair value and classification of the Company’s swap agreements, as of the periods indicated: (dollars in thousands) JUNE 27, 2021 DECEMBER 27, 2020 CONSOLIDATED BALANCE SHEET CLASSIFICATION Interest rate swaps - liability $ 7,437 $ 14,855 Accrued and other current liabilities Interest rate swaps - liability 3,821 15,640 Other long-term liabilities, net Total fair value of derivative instruments - liabilities (1) $ 11,258 $ 30,495 Accrued interest $ 697 $ 1,237 Accrued and other current liabilities ____________________ (1) See Note 15 - Fair Value Measurements for fair value discussion of the interest rate swaps.
Schedule of derivatives instruments statements of financial performance, location	The following table summarizes the effects of the swap agreements on Net income (loss) for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Interest rate swap expense recognized in Interest expense, net $ (2,038) $ (3,482) $ (6,082) $ (5,362) Income tax benefit recognized in Provision (benefit) for income taxes 524 897 1,565 1,381 Total effects on Net income (loss) $ (1,514) $ (2,585) $ (4,517) $ (3,981)

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 27, 2021
Leases [Abstract]
Assets and liabilities, lessee	The following table includes a detail of lease assets and liabilities included on the Company’s Consolidated Balance Sheets as of the periods indicated: (dollars in thousands) CONSOLIDATED BALANCE SHEET CLASSIFICATION JUNE 27, 2021 DECEMBER 27, 2020 Operating lease right-of-use assets Operating lease right-of-use assets $ 1,161,650 $ 1,172,910 Finance lease right-of-use assets (1) Property, fixtures and equipment, net 1,447 1,947 Total lease assets, net $ 1,163,097 $ 1,174,857 Current operating lease liabilities (2) Accrued and other current liabilities $ 177,807 $ 176,791 Current finance lease liabilities Current portion of long-term debt 1,022 1,210 Non-current operating lease liabilities (3) Non-current operating lease liabilities 1,206,269 1,216,666 Non-current finance lease liabilities Long-term debt, net 617 974 Total lease liabilities $ 1,385,715 $ 1,395,641 ________________ (1) Net of accumulated amortization of $2.8 million and $2.3 million as of June 27, 2021 and December 27, 2020, respectively. (2) Excludes COVID-19-related deferred rent accruals of $3.4 million and $12.8 million as of June 27, 2021 and December 27, 2020, respectively, and accrued contingent percentage rent of $3.3 million and $2.7 million, as of June 27, 2021 and December 27, 2020, respectively. (3) Excludes COVID-19-related non-current deferred rent accruals of $0.8 million and $1.2 million as of June 27, 2021 and December 27, 2020, respectively.
Lease, cost	Following is a summary of expenses and income related to leases recognized in the Company’s Consolidated Statements of Operations and Comprehensive Income (Loss) for the periods indicated: CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) CLASSIFICATION THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Operating leases (1) Other restaurant operating $ 43,763 $ 42,776 $ 88,555 $ 88,658 Variable lease cost (2) Other restaurant operating 731 (1,046) 1,508 74 Finance leases Amortization of leased assets Depreciation and amortization 258 315 520 657 Interest on lease liabilities Interest expense, net 31 37 67 83 Sublease revenue (3) Franchise and other revenues (2,825) (109) (3,660) (1,786) Lease costs, net $ 41,958 $ 41,973 $ 86,990 $ 87,686 ________________ (1) Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.2 million and $3.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020, respectively, and $6.7 million and $6.9 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, respectively, which is included in General and administrative expense. Also excludes certain supply chain related rent expense of $0.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020 and $0.6 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, which is included in Food and beverage costs. (2) Includes COVID-19-related rent abatement for all periods presented. (3) Excludes immaterial rental income from Company-owned properties.
Cash flow, operating activities	The following table is a summary of other impacts to the Company’s Consolidated Financial Statements related to its leases for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 Cash flows from operating activities: Cash paid for amounts included in the measurement of operating lease liabilities $ 105,323 $ 75,688

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 27, 2021
Fair Value Disclosures [Abstract]
Fair value, financial instruments measured on nonrecurring basis, valuation techniques	Fair value is categorized into one of the following three levels based on the lowest level of significant input: Level 1 Unadjusted quoted market prices in active markets for identical assets or liabilities Level 2 Observable inputs available at measurement date other than quoted prices included in Level 1 Level 3 Unobservable inputs that cannot be corroborated by observable market data
Schedule of assets and liabilities measured at fair value on a recurring basis	The following table summarizes the Company’s financial assets and liabilities measured at fair value by hierarchy level on a recurring basis as of the periods indicated: JUNE 27, 2021 DECEMBER 27, 2020 (dollars in thousands) TOTAL LEVEL 1 LEVEL 2 TOTAL LEVEL 1 LEVEL 2 Assets: Cash equivalents: Fixed income funds $ 8,664 $ 8,664 $ — $ 15,404 $ 15,404 $ — Money market funds 14,054 14,054 — 16,494 16,494 — Restricted cash equivalents: Money market funds 1,790 1,790 — 428 428 — Total asset recurring fair value measurements $ 24,508 $ 24,508 $ — $ 32,326 $ 32,326 $ — Liabilities: Accrued and other current liabilities: Derivative instruments - interest rate swaps $ 7,437 $ — $ 7,437 $ 14,855 $ — $ 14,855 Other long-term liabilities: Derivative instruments - interest rate swaps 3,821 — 3,821 15,640 — 15,640 Total liability recurring fair value measurements $ 11,258 $ — $ 11,258 $ 30,495 $ — $ 30,495
Fair value, assets measured on recurring basis, methods and assumptions	Fair value of each class of financial instrument is determined based on the following: FINANCIAL INSTRUMENT METHODS AND ASSUMPTIONS Fixed income funds and Money market funds Carrying value approximates fair value because maturities are less than three months. Derivative instruments The Company’s derivative instruments include interest rate swaps. Fair value measurements are based on the contractual terms of the derivatives and use observable market-based inputs. The interest rate swaps are valued using a discounted cash flow analysis on the expected cash flows of each derivative using observable inputs including interest rate curves and credit spreads. The Company also considers its own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements. As of June 27, 2021 and December 27, 2020, the Company has determined that the credit valuation adjustments are not significant to the overall valuation of its derivatives.
Fair value, assets and liabilities measured on a nonrecurring basis	The following table summarizes the Company’s assets measured at fair value by hierarchy level on a nonrecurring basis, for the periods indicated: THIRTEEN WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) REMAINING CARRYING VALUE TOTAL IMPAIRMENT REMAINING CARRYING VALUE TOTAL IMPAIRMENT Operating lease right-of-use assets (1) $ 5,687 $ 962 $ 32,404 $ 4,028 Property, fixtures and equipment (2) 8,192 4,460 9,992 19,595 Goodwill and other assets (3) — — 748 295 $ 13,879 $ 5,422 $ 43,144 $ 23,918 TWENTY-SIX WEEKS ENDED JUNE 27, 2021 JUNE 28, 2020 (dollars in thousands) REMAINING CARRYING VALUE TOTAL IMPAIRMENT REMAINING CARRYING VALUE TOTAL IMPAIRMENT Assets held for sale (1) $ — $ — $ 1,182 $ 75 Operating lease right-of-use assets (1) 7,651 1,512 85,537 23,591 Property, fixtures and equipment (2) 8,928 6,052 28,390 37,993 Goodwill and other assets (3) — — 748 2,683 $ 16,579 $ 7,564 $ 115,857 $ 64,342 ____________________ (1) Asset carrying values measured using discounted cash flow models (Level 3). (2) Carrying values measured using Level 2 inputs to estimate fair value totaled $0.5 million and $2.2 million for the thirteen and twenty-six weeks ended June 28, 2020, respectively. All other assets were valued using Level 3 inputs. Third-party market appraisals (Level 2) and discounted cash flow models (Level 3) were used to estimate fair value. (3) Other assets generally measured using the quoted market value of comparable assets (Level 2).
Fair value, assets and liabilities measured on nonrecurring basis, valuation techniques	The following table presents quantitative information related to certain unobservable inputs used in the Company’s Level 3 fair value measurements of Operating lease right-of-use assets and Property, fixtures and equipment for the impairment losses incurred for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED UNOBSERVABLE INPUTS JUNE 28, 2020 JUNE 28, 2020 Weighted-average cost of capital 10.9% 10.4% to 10.9% Long-term growth rate 1.5% to 2.0% 1.5% to 2.0%
Schedule of carrying value and fair value of senior secured credit facilities and other unsecured debt	The following table includes the carrying value and fair value of the Company’s debt by hierarchy level as of the periods indicated: JUNE 27, 2021 DECEMBER 27, 2020 CARRYING VALUE FAIR VALUE LEVEL 2 CARRYING VALUE FAIR VALUE LEVEL 2 (dollars in thousands) Senior Secured Credit Facility: Term loan A $ 200,000 $ 196,250 $ — $ — Revolving credit facility $ 134,000 $ 128,850 $ — $ — Former Credit Facility: Term loan A $ — $ — $ 425,000 $ 412,250 Revolving credit facility $ — $ — $ 447,000 $ 419,612 2025 Notes $ 230,000 $ 559,450 $ 230,000 $ 413,818 2029 Notes $ 300,000 $ 307,503 $ — $ —

Allowance for Expected Credit_2

Allowance for Expected Credit Losses (Tables)	6 Months Ended
	Jun. 27, 2021
Credit Loss [Abstract]
Allowance for credit losses rollforward	The following table is a rollforward of the Company’s trade receivables allowance for expected credit losses for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Allowance for expected credit losses, beginning of period $ 3,997 $ 4,551 $ 4,095 $ 199 Adjustment for adoption of ASU No. 2016-13 — — — 1,018 Provision for expected credit losses (1) — 15 — 3,349 Charge-off of accounts (8) — (106) — Allowance for expected credit losses, end of period $ 3,989 $ 4,566 $ 3,989 $ 4,566 ________________ (1) In March 2020, the Company fully reserved substantially all of its outstanding franchise receivables in response to the economic impact of the COVID-19 pandemic. See Note 2 - COVID-19 Charges for details regarding the impact of the COVID-19 pandemic on the Company’s financial results.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 27, 2021
Income Tax Disclosure [Abstract]
Schedule of effective income tax rate reconciliation	THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Income (loss) before provision (benefit) for income taxes $ 107,574 $ (128,207) $ 183,965 $ (182,276) Provision (benefit) for income taxes $ 22,688 $ (35,779) $ 29,281 $ (55,434) Effective income tax rate 21.1 % 27.9 % 15.9 % 30.4 %

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 27, 2021
Segment Reporting [Abstract]
Schedule of segment reporting information, by segment	The following is a summary of reporting segments: REPORTABLE SEGMENT (1) CONCEPT GEOGRAPHIC LOCATION U.S. Outback Steakhouse United States of America Carrabba’s Italian Grill Bonefish Grill Fleming’s Prime Steakhouse & Wine Bar International Outback Steakhouse Brazil, Hong Kong/China Carrabba’s Italian Grill (Abbraccio) Brazil _________________ (1) Includes franchise locations.
Reconciliation of revenue from segments to consolidated	The following table is a summary of Total revenues by segment, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Total revenues U.S. $ 1,003,058 $ 537,080 $ 1,907,976 $ 1,431,577 International 74,308 41,379 156,863 155,219 Total revenues $ 1,077,366 $ 578,459 $ 2,064,839 $ 1,586,796
Reconciliation of operating profit from segments to consolidated	The following table is a reconciliation of Segment income (loss) from operations to Income (loss) before provision (benefit) for income taxes, for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Segment income (loss) from operations U.S. $ 165,297 $ (62,921) $ 287,032 $ (51,542) International 2,470 (17,070) 6,007 (10,283) Total segment income (loss) from operations 167,767 (79,991) 293,039 (61,825) Unallocated corporate operating expense (1) (43,130) (31,921) (77,404) (91,655) Total income (loss) from operations 124,637 (111,912) 215,635 (153,480) Loss on extinguishment and modification of debt (2,073) (237) (2,073) (237) Other income (expense), net — 581 21 (212) Interest expense, net (14,990) (16,639) (29,618) (28,347) Income (loss) before provision (benefit) for income taxes $ 107,574 $ (128,207) $ 183,965 $ (182,276) ____________________ (1) The thirteen and twenty-six weeks ended June 28, 2020 include $2.4 million and $24.6 million, respectively, of charges that were not allocated to the Company’s segments related to its transformational initiatives, primarily recorded within General and administrative expense and Provision for impaired assets and restaurant closings.
Reconciliation of segment depreciation and amortization and capital expenditures	The following table is a summary of Depreciation and amortization expense by segment for the periods indicated: THIRTEEN WEEKS ENDED TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 JUNE 27, 2021 JUNE 28, 2020 Depreciation and amortization U.S. $ 33,578 $ 37,308 $ 67,223 $ 74,948 International 5,566 5,884 11,286 12,642 Corporate 1,395 2,592 3,256 6,462 Total depreciation and amortization $ 40,539 $ 45,784 $ 81,765 $ 94,052 The following table is a summary of capital expenditures by segment for the periods indicated: TWENTY-SIX WEEKS ENDED (dollars in thousands) JUNE 27, 2021 JUNE 28, 2020 Capital expenditures U.S. $ 42,574 $ 30,692 International 5,531 10,914 Corporate 3,138 2,471 Total capital expenditures $ 51,243 $ 44,077

Description of the Business a_4

Description of the Business and Basis of Presentation - Description of the Business (Details)	Jun. 27, 2021restraurant_concept
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restaurant concepts in portfolio	4

Description of the Business a_5

Description of the Business and Basis of Presentation (Recently Issued Financial Accounting Standards) (Details) - USD ($) $ in Thousands	Dec. 28, 2020	Dec. 27, 2020	Jun. 27, 2021		Mar. 28, 2021	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reversal of separated equity component, net of tax		$ (10,957)	$ (152,907)		$ (45,405)	$ (29,198)	$ (100,143)	$ (177,481)
Cumulative-effect from a change in accounting principle
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reversal of separated equity component, net of tax		42,953						4,292
Accumulated deficit
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reversal of separated equity component, net of tax		918,096	762,319		$ 844,864	$ 886,248	$ 793,992	755,089
Accumulated deficit | Cumulative-effect from a change in accounting principle
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reversal of separated equity component, net of tax		(4,370)						$ 4,292
2025 Notes | Convertible debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt discount reclassification		59,862	$ 0	[1]
2025 Notes | Convertible debt | Interest expense
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt discount amortization		$ 6,300
2025 Notes | Additional paid-in capital | Convertible debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Equity issuance cost reclassification	$ 2,100
Accounting standards update 2020-06
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred tax impact of cumulative-effect adjustment	14,900
Accounting standards update 2020-06 | Additional paid-in capital | Cumulative-effect from a change in accounting principle
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reversal of separated equity component, net of tax	(47,300)
Accounting standards update 2020-06 | 2025 Notes | Long term debt, net | Convertible debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt discount reclassification	59,900
Equity issuance cost reclassification	(2,100)
Accounting standards update 2020-06 | 2025 Notes | Accumulated deficit | Convertible debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt discount amortization	$ 4,400
[1]	In connection with the adoption of ASU No. 2020-06, debt discount and the equity component of the 2025 Notes were de-recognized and $2.1 million of issuance costs that were previously allocated to the equity component were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021.

COVID-19 Charges (Details)

COVID-19 Charges (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Jun. 27, 2021	Jun. 28, 2020		Jun. 27, 2021	Jun. 28, 2020
Unusual or Infrequent Item, or Both [Line Items]
Inventory obsolescence and spoilage					$ 0	$ 6,413
Allowance for expected credit losses		$ 0	$ 15	[1]	0	3,349	[1]
Total costs and expenses		952,729	690,371		1,849,204	1,740,276
Provision for impaired assets and restaurant closings
Unusual or Infrequent Item, or Both [Line Items]
Goodwill and other impairment		$ 5,422	23,918		$ 7,564	64,342
COVID-19 pandemic
Unusual or Infrequent Item, or Both [Line Items]
Total costs and expenses			41,729			106,792
COVID-19 pandemic | Food and beverage costs
Unusual or Infrequent Item, or Both [Line Items]
Inventory obsolescence and spoilage			1,163			7,345	[2]
COVID-19 pandemic | Labor and other related
Unusual or Infrequent Item, or Both [Line Items]
Compensation for idle employees	[3]		11,388			27,574
Employee retention tax credit			13,700			13,700
COVID-19 pandemic | Other restaurant operating
Unusual or Infrequent Item, or Both [Line Items]
Other operating charges			2,467			2,467
COVID-19 pandemic | General and administrative expense
Unusual or Infrequent Item, or Both [Line Items]
Other operating charges			1,216			1,789
Allowance for expected credit losses	[4]		0			3,334
COVID-19 pandemic | General and administrative expense | Property lease guarantee
Unusual or Infrequent Item, or Both [Line Items]
Lease guarantee contingent liabilities	[5]		0			4,188
COVID-19 pandemic | Provision for impaired assets and restaurant closings
Unusual or Infrequent Item, or Both [Line Items]
Right-of-use asset impairment	[6]		5,273			25,757
COVID-19 pandemic | Provision for impaired assets and restaurant closings | Property, fixtures and equipment, net
Unusual or Infrequent Item, or Both [Line Items]
Fixed asset impairment	[6]		19,611			31,339
COVID-19 pandemic | Provision for impaired assets and restaurant closings | Goodwill and other assets
Unusual or Infrequent Item, or Both [Line Items]
Goodwill and other impairment			$ 611			$ 2,999	[7]
[1]	In March 2020, the Company fully reserved substantially all of its outstanding franchise receivables in response to the economic impact of the COVID-19 pandemic. See Note 2 - COVID-19 Charges for details regarding the impact of the COVID-19 pandemic on the Company’s financial results.
[2]	Includes the write-off of value-added tax credits during the twenty-six weeks ended June 28, 2020 related to the purchase of inventory by the Company’s Brazil subsidiary.
[3]	Represents relief pay for hourly employees impacted by the closure of dining rooms, net of $13.7 million of employee retention tax credits earned during the thirteen and twenty-six weeks ended June 28, 2020.
[4]	Includes additional reserves to reflect an increase in expected credit losses, primarily related to franchise receivables.
[5]	Represents additional contingent liabilities recorded for lease guarantees related to certain former restaurant locations now operated by franchisees or other third parties.
[6]	Includes impairments resulting from the remeasurement of assets utilizing projected future cash flows revised for then current economic conditions, restructuring charges and the closure of certain restaurants.
[7]	Includes impairment of goodwill for the Company’s Hong Kong subsidiary during the twenty-six weeks ended June 28, 2020.

Revenue Recognition (Principal

Revenue Recognition (Principal Revenue Transactions) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 27, 2021		Jun. 28, 2020	Jun. 27, 2021		Jun. 28, 2020
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	$ 1,077,366		$ 578,459	$ 2,064,839		$ 1,586,796
Restaurant sales
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	1,055,227		576,261	2,034,678		1,572,498
Franchise and other revenues
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	22,139		2,198	30,161		14,298
Franchise revenue
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	12,221		1,951	19,010		11,500
Other revenue
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	9,918	[1]	$ 247	11,151	[1]	$ 2,798
Recognized benefit related to Brazilian tax ruling	$ 6,300			$ 6,300
[1]	During the thirteen and twenty-six weeks ended June 27, 2021, the Company recognized $6.3 million of other revenues in connection with favorable court rulings in Brazil regarding the calculation methodology and taxable base of Program of Social Integration (“PIS”) and Contribution for the Financing of Social Security (“COFINS”) taxes. The amount recognized as a result of the favorable court rulings primarily represents refundable PIS and COFINS taxes for prior years, including accrued interest, and will be recovered by offsetting future PIS and COFINS taxes due.

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregated Revenue) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		$ 1,077,366	$ 578,459	$ 2,064,839	$ 1,586,796
U.S. segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		1,003,058	537,080	1,907,976	1,431,577
International segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		74,308	41,379	156,863	155,219
Restaurant sales
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		1,055,227	576,261	2,034,678	1,572,498
Restaurant sales | U.S. segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		990,293	536,767	1,890,352	1,421,656
Restaurant sales | International segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		64,934	39,494	144,326	150,842
Restaurant sales | Outback Steakhouse
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		579,096	346,553	1,126,291	877,238
Restaurant sales | Carrabba's Italian Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		171,408	93,738	329,094	240,613
Restaurant sales | Bonefish Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		149,036	63,744	276,010	198,816
Restaurant sales | Fleming's Prime Steakhouse & Wine Bar
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		88,101	31,156	154,412	102,116
Restaurant sales | Other - U.S.
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		2,652	1,576	4,545	2,873
Restaurant sales | Outback Brazil
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		43,310	24,003	104,158	115,593
Restaurant sales | Other - International
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	[1]	21,624	15,491	40,168	35,249
Franchise revenue
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		12,221	1,951	19,010	11,500
Franchise revenue | U.S. segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		9,257	147	12,960	7,285
Franchise revenue | International segment
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		2,964	1,804	6,050	4,215
Franchise revenue | Outback Steakhouse
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		8,418	136	11,374	6,677
Franchise revenue | Carrabba's Italian Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		665	7	1,282	468
Franchise revenue | Bonefish Grill
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		174	4	304	140
Franchise revenue | Fleming's Prime Steakhouse & Wine Bar
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		0	0	0	0
Franchise revenue | Other - U.S.
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		0	0	0	0
Franchise revenue | Outback Brazil
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues		0	0	0	0
Franchise revenue | Other - International
Disaggregation of Revenue [Line Items]
Restaurant sales, franchise and other revenues	[1]	$ 2,964	$ 1,804	$ 6,050	$ 4,215
[1]	Includes Restaurant sales for the Company’s Abbraccio concept in Brazil.

Revenue Recognition (Contract A

Revenue Recognition (Contract Assets and Liabilities Summary) (Details) - USD ($) $ in Thousands	Jun. 27, 2021	Mar. 28, 2021	Dec. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019
Revenue Recognition [Line Items]
Deferred gift card sales commissions, current	$ 12,548	$ 13,502	$ 19,300	$ 13,624	$ 13,049	$ 18,554
Unearned revenue	302,996		381,616
Deferred gift card revenue
Revenue Recognition [Line Items]
Unearned revenue	293,955	$ 306,075	373,048	$ 279,973	$ 277,518	$ 358,757
Other current assets, net
Revenue Recognition [Line Items]
Deferred gift card sales commissions, current	12,548		19,300
Unearned revenue
Revenue Recognition [Line Items]
Unearned revenue	302,996		381,616
Unearned revenue | Deferred gift card revenue
Revenue Recognition [Line Items]
Unearned revenue	293,955		373,048
Unearned revenue | Deferred loyalty revenue
Revenue Recognition [Line Items]
Unearned revenue	8,604		8,099
Unearned revenue | Deferred franchise fees
Revenue Recognition [Line Items]
Unearned revenue	437		469
Other long-term liabilities, net | Deferred franchise fees
Revenue Recognition [Line Items]
Deferred franchise fees, noncurrent	$ 4,174		$ 4,301

Revenue Recognition (Contract_2

Revenue Recognition (Contract Assets and Liabilities - Deferred Gift Card Commissions Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Revenue Recognition and Deferred Revenue [Abstract]
Balance, beginning of period	$ 13,502	$ 13,049	$ 19,300	$ 18,554
Deferred gift card sales commissions amortization	(5,711)	(2,502)	(14,436)	(11,592)
Deferred gift card sales commissions capitalization	5,297	3,142	8,796	7,466
Other	(540)	(65)	(1,112)	(804)
Balance, end of period	$ 12,548	$ 13,624	$ 12,548	$ 13,624

Revenue Recognition (Contract_3

Revenue Recognition (Contract Assets and Liabilities - Deferred Gift Card Revenue Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Revenue Recognition [Line Items]
Balance, beginning of the period			$ 381,616
Balance, end of the period	$ 302,996		302,996
Deferred gift card revenue
Revenue Recognition [Line Items]
Balance, beginning of the period	306,075	$ 277,518	373,048	$ 358,757
Gift card sales	63,921	41,649	108,090	100,088
Gift card redemptions	(71,859)	(37,404)	(176,799)	(170,585)
Gift card breakage	(4,182)	(1,790)	(10,384)	(8,287)
Balance, end of the period	$ 293,955	$ 279,973	$ 293,955	$ 279,973

Impairments and Exit Costs (Pro

Impairments and Exit Costs (Provision for Impaired Assets and Restaurant Closings) (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020		Jun. 27, 2021	Jun. 28, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Provision for impaired assets and restaurant closings	$ 5,177,000	$ 24,959,000		$ 7,377,000	$ 66,277,000
Impairment charges	0	0
Outback Hong Kong
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment charges					2,000,000
Provision for impaired assets and restaurant closings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	5,422,000	23,918,000		7,564,000	64,342,000
Restaurant closure expenses	(245,000)	1,041,000		(187,000)	1,935,000
Corporate, non-segment | Provision for impaired assets and restaurant closings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	209,000	(119,000)		238,000	6,161,000	[1]
U.S. segment | Provision for impaired assets and restaurant closings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	5,768,000	23,741,000	[2]	7,174,000	54,713,000	[2]
Restaurant closure expenses	(92,000)	1,041,000	[2]	(34,000)	1,762,000	[2]
International segment | Provision for impaired assets and restaurant closings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	(555,000)	296,000	[2]	152,000	3,468,000	[2],[3]
Restaurant closure expenses	$ (153,000)	$ 0	[2]	$ (153,000)	$ 173,000	[2]
[1]	Corporate impairment charges for the twenty-six weeks ended June 28, 2020 primarily relate to transformational initiatives.
[2]	U.S. and international impairment and closure charges for the thirteen and twenty-six weeks ended June 28, 2020 primarily relate to the COVID-19 pandemic, including charges related to the COVID-19 Restructuring discussed below. See Note 2 - COVID-19 Charges for details regarding the impact of the COVID-19 pandemic on the Company’s financial results.
[3]	Includes goodwill impairment charges of $2.0 million during the twenty-six weeks ended June 28, 2020.

Impairments and Exit Costs (Res

Impairments and Exit Costs (Restructuring and Related Cost) (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021USD ($)	Jun. 28, 2020USD ($)Restaurants	Jun. 27, 2021USD ($)	Jun. 28, 2020USD ($)Restaurants
Provision for impaired assets and restaurant closings
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	$ 5,422	$ 23,918	$ 7,564	$ 64,342
COVID-19 Restructuring
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of restaurants | Restaurants		22		22
Restructuring charges		$ 22,012		$ 22,012
COVID-19 Restructuring | Provision for impaired assets and restaurant closings | Facility closing | Property, fixtures and equipment, net
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses		16,932		16,932
COVID-19 Restructuring | Provision for impaired assets and restaurant closings | Facility closing | Operating lease right-of-use assets
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses		3,920		3,920
COVID-19 Restructuring | General and administrative expense | Employee severance
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Severance and other expenses		$ 1,160		$ 1,160

Impairments and Exit Costs (Ann

Impairments and Exit Costs (Annual Goodwill and Intangible Asset Impairment Assessment - Text) (Details) - USD ($)	3 Months Ended
	Jun. 27, 2021	Jun. 28, 2020
Discontinued Operations and Disposal Groups [Abstract]
Impairment charges	$ 0	$ 0
Impairment of intangible assets, indefinite-lived (excluding goodwill)	$ 0	$ 0

Impairments and Exit Costs (Lea

Impairments and Exit Costs (Lease Liability Rollforward) (Details) - Facility closing $ in Thousands	6 Months Ended
	Jun. 27, 2021USD ($)
Restructuring Reserve [Roll Forward]
Balance, beginning of the period	$ 12,879
Cash payments	(2,239)
Accretion	488
Adjustments	(790)
Balance, end of the period	10,338	[1]
Accrued and other current liabilities
Restructuring Reserve [Roll Forward]
Restructuring reserve, current	3,600
Non-current operating lease liabilities
Restructuring Reserve [Roll Forward]
Restructuring reserve, noncurrent	$ 6,700
[1]	As of June 27, 2021, the Company had exit-related accruals related to certain closure and restructuring initiatives of $3.6 million recorded in Accrued and other current liabilities and $6.7 million recorded in Non-current operating lease liabilities on its Consolidated Balance Sheet.

Earnings (Loss) Per Share (2025

Earnings (Loss) Per Share (2025 Notes Impact) (Details) - 2025 Notes - Convertible debt	May 08, 2020$ / shares
Debt Instrument [Line Items]
Debt instrument, convertible, conversion price	$ 11.89
Class of warrant or right, exercise price of warrants or rights	$ 16.64

Earnings (Loss) Per Share (Basi

Earnings (Loss) Per Share (Basic and Diluted EPS) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020		Jun. 27, 2021		Jun. 28, 2020
Schedule of earnings per share, basic and diluted [Line Items]
Net income (loss) attributable to Bloomin’ Brands	$ 82,545	$ (92,256)		$ 151,407		$ (126,867)
Redemption of preferred stock in excess of carrying value	0	0		0		(3,496)	[1]
Net income (loss) attributable to common stockholders	82,545	(92,256)		151,407		(130,363)
Convertible senior notes if-converted method interest adjustment, net of tax	0	0		691	[2]	0
Diluted net income (loss) attributable to common stockholders	$ 82,545	$ (92,256)		$ 152,098		$ (130,363)
Basic weighted average common shares outstanding	89,075	87,496		88,721		87,312
Effect of diluted securities:
Convertible senior notes	11,231	0	[3]	13,212	[2]	0	[3]
Warrants	7,983	0	[3]	6,879		0	[3]
Diluted weighted average common shares outstanding	109,805	87,496		110,223		87,312
Basic earnings (loss) per share attributable to common stockholders	$ 0.93	$ (1.05)		$ 1.71		$ (1.49)
Diluted earnings (loss) per share attributable to common stockholders	$ 0.75	$ (1.05)		$ 1.38		$ (1.49)
Stock options
Effect of diluted securities:
Dilutive shares	1,165	0		937		0
Nonvested restricted stock units
Effect of diluted securities:
Dilutive shares	351	0		427		0
Performance-based share units
Effect of diluted securities:
Dilutive shares	0	0		47		0
[1]	Consideration paid in excess of carrying value for the redemption of preferred stock is considered a deemed dividend and, for purposes of calculating earnings per share, reduces net income attributable to common stockholders for the twenty-six weeks ended June 28, 2020. See Note 12 - Stockholders’ Equity
[2]	Adjustment for interest related to the 2025 Notes weighted for the portion of the period prior to the Company’s election under the 2025 Notes indenture to settle the principal portion of its 2025 Notes in cash. Effective with the Company’s election, there will be no further numerator adjustments for interest or denominator adjustments for shares required to settle the principal portion.
[3]	Due to the Company’s net loss during the thirteen and twenty-six weeks ended June 28, 2020, dilutive excess shares, if applicable, and warrants were excluded from the computation of diluted earnings per share as their effect would be antidilutive.

Earnings (Loss) Per Share (Anti

Earnings (Loss) Per Share (Antidilutive Securities) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Stock options
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities not included in the computation of earnings (loss) per share	0	5,352	682	5,009
Nonvested restricted stock units
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities not included in the computation of earnings (loss) per share	9	990	41	821
Performance-based share units
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities not included in the computation of earnings (loss) per share	465	624	448	578

Stock-based Compensation Plan_2

Stock-based Compensation Plans (Stock-based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 27, 2021		Jun. 28, 2020	Jun. 27, 2021		Jun. 28, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 9,751		$ 5,071	$ 14,451		$ 8,285
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	469		1,038	1,334		1,870
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	1,964		2,340	4,330		4,023
Performance-based share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 7,318	[1]	$ 1,693	$ 8,787	[1]	$ 2,392
[1]	The thirteen and twenty-six weeks ended June 27, 2021 includes a cumulative life-to-date adjustment for PSUs granted in fiscal years 2019, 2020 and 2021 based on revised Company performance projections of performance criteria set forth in the award agreements.

Stock-based Compensation Plan_3

Stock-based Compensation Plans (Assumptions Used in the Monte Carlo Simulation Model and the Grant Date Fair Value of PSUs Granted) (Details) - Performance-based share units - $ / shares shares in Millions		1 Months Ended	6 Months Ended
		Feb. 28, 2021	Jun. 27, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, equity instruments other than options, grants in period		0.3
Share-based compensation arrangement by share-based payment award, award vesting period		3 years
Share-based compensation arrangement by share-based payment award, total shareholder return modifier, option 1		75.00%
Share-based compensation arrangement by share-based payment award, total shareholder return modifier, option 2		100.00%
Share-based compensation arrangement by share-based payment award, total shareholder return modifier, option 3		125.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate	[1]		0.20%
Volatility	[2]		48.45%
Grant date fair value per unit (in dollars per share)	[3]		$ 29.73
Share-based compensation arrangement by share-based payment award, stock price premium, percentage			14.30%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage		0.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, award vesting rights, percentage		200.00%
[1]	Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for the performance period of the unit.
[2]	Based on the historical volatility of the Company’s stock over the last seven years.
[3]	Represents a 14.3% premium above the per share value of the Company’s common stock as of the grant date.

Stock-based Compensation Plan_4

Stock-based Compensation Plans (Unrecognized Stock Compensation Expense and the Remaining Weighted-Average Vesting Period) (Details) $ in Thousands	6 Months Ended
	Jun. 27, 2021USD ($)
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, nonvested awards, compensation expense not yet recognized, stock options	$ 1,556
Employee service share-based compensation, nonvested awards, compensation expense not yet recognized, period for recognition	10 months 24 days
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, nonvested awards, compensation expense not yet recognized, stock-based awards other than options	$ 13,678
Employee service share-based compensation, nonvested awards, compensation expense not yet recognized, period for recognition	2 years 1 month 6 days
Performance-based share units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation, nonvested awards, compensation expense not yet recognized, stock-based awards other than options	$ 24,264
Employee service share-based compensation, nonvested awards, compensation expense not yet recognized, period for recognition	1 year 9 months 18 days

Other Current Assets, Net (Deta

Other Current Assets, Net (Details) - USD ($) $ in Thousands		Jun. 27, 2021	Mar. 28, 2021	Dec. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prepaid expenses		$ 22,668		$ 12,148
Deferred gift card sales commissions		12,548	$ 13,502	19,300	$ 13,624	$ 13,049	$ 18,554
Assets held for sale		1,358		3,831
Other current assets, net		8,756		12,756
Total other current assets, net		84,984		151,518
Accounts receivable - gift cards, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	[1]	16,177		76,808
Accounts receivable - vendors, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	[1]	9,212		8,886
Accounts receivable - franchisees, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	[1]	887		1,007
Accounts receivable - other, net
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	[1]	$ 13,378		$ 16,782
[1]	See Note 16 - Allowance for Expected Credit Losses for a rollforward of the related allowance for expected credit losses.

Accrued and Other Current Lia_3

Accrued and Other Current Liabilities (Table) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2021		Dec. 27, 2020
Schedule of Other Long-term Liabilities, Net [Line Items]
Accrued rent and current operating lease liabilities	$ 184,486		$ 192,369
Accrued payroll and other compensation	116,951	[1]	79,291
Accrued insurance	22,414		20,648
Other current liabilities	115,445	[2]	96,013
Accrued and other current liabilities	439,296		$ 388,321
Increase in accrued taxes payable	8,700
Increase in income tax payable	6,400
COVID-19 pandemic
Schedule of Other Long-term Liabilities, Net [Line Items]
Deferred payroll tax, employer portion, CARES Act, amount	$ 27,300
[1]	During the twenty-six weeks ended June 27, 2021, the Company reclassified $27.3 million of payroll taxes deferred under the Coronavirus, Aid, Relief and Economic Security Act (“CARES Act”) to current.
[2]	During the twenty-six weeks ended June 27, 2021, sales tax payable and income tax payable increased by $8.7 million and $6.4 million, respectively, due to increased sales and pre-tax income during the period.

Long-term Debt, net (Schedule o

Long-term Debt, net (Schedule of Long-term Debt, Net) (Details) - USD ($) $ in Thousands		Dec. 28, 2020	Jun. 27, 2021		Apr. 16, 2021	Mar. 28, 2021	Dec. 27, 2020		May 08, 2020
Debt Instrument [Line Items]
Finance lease liabilities			$ 1,794				$ 2,405
Less: unamortized debt discount and issuance costs			(15,576)	[1]			(67,704)
Less: finance lease interest			(155)				(221)
Total debt, net			850,063				1,036,480
Less: current portion of long-term debt			(11,022)				(38,710)
Long-term debt, net			839,041				997,770
Secured debt | Senior Secured Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross			334,000				0
Secured debt | Former Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross			0				872,000
Secured debt | Term loan A facility | Senior Secured Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross			$ 200,000				0
Secured debt | Term loan A facility | Senior Secured Credit Facility | Weighted average
Debt Instrument [Line Items]
Debt instrument, effective interest rate	[2]		2.59%
Secured debt | Term loan A facility | Former Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross			$ 0				$ 425,000
Secured debt | Term loan A facility | Former Credit Facility | Weighted average
Debt Instrument [Line Items]
Debt instrument, effective interest rate	[2]						2.88%
Secured debt | Revolving credit facility | Senior Secured Credit Facility
Debt Instrument [Line Items]
Line of credit facility, amount outstanding			$ 134,000				$ 0
Secured debt | Revolving credit facility | Senior Secured Credit Facility | Weighted average
Debt Instrument [Line Items]
Debt instrument, effective interest rate	[2]		2.59%
Secured debt | Revolving credit facility | Former Credit Facility
Debt Instrument [Line Items]
Line of credit facility, amount outstanding			$ 0				$ 447,000
Secured debt | Revolving credit facility | Former Credit Facility | Weighted average
Debt Instrument [Line Items]
Debt instrument, effective interest rate	[2]						2.88%
Secured debt | Second Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs			5,900
Secured debt | Second Amended and Restated Credit Agreement | Long term debt, net
Debt Instrument [Line Items]
Debt issuance costs						$ 2,200
Secured debt | Second Amended and Restated Credit Agreement | Other assets, net
Debt Instrument [Line Items]
Debt issuance costs			3,700
Convertible debt | 2025 Notes
Debt Instrument [Line Items]
Long-term debt, gross	[3]		$ 230,000				$ 230,000
Debt instrument, effective interest rate			5.85%
Debt instrument, interest rate, stated percentage			5.00%	[3]			5.00%	[3]	5.00%
Debt discount derecognized upon adoption of new accounting standard			$ 0	[4]			$ 59,862
Convertible debt | 2025 Notes | Accounting standards update 2020-06 | Long term debt, net
Debt Instrument [Line Items]
Debt discount derecognized upon adoption of new accounting standard		$ 59,900
Equity issuance costs reclassified upon adoption of new accounting standard		$ (2,100)
Unsecured debt | 2029 Notes
Debt Instrument [Line Items]
Long-term debt, gross			$ 300,000				$ 0
Debt instrument, interest rate, stated percentage			5.13%		5.125%
[1]	In connection with the adoption of ASU No. 2020-06, debt discount of $59.9 million related to the 2025 Notes was de-recognized and $2.1 million of equity issuance costs were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021.
[2]	Interest rate represents the weighted-average interest rate as of the respective periods.
[3]	See Note 10 - Convertible Senior Notes
[4]	In connection with the adoption of ASU No. 2020-06, debt discount and the equity component of the 2025 Notes were de-recognized and $2.1 million of issuance costs that were previously allocated to the equity component were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021.

Long-term Debt, Net (2029 Notes

Long-term Debt, Net (2029 Notes Narrative) (Details) - 2029 Notes - Unsecured debt - USD ($)	Apr. 16, 2021	Jun. 27, 2021
Debt Instrument [Line Items]
Debt instrument, face amount	$ 300,000,000
Long-term debt, maturity date	Apr. 15, 2029
Debt instrument, interest rate, stated percentage	5.125%	5.13%
Proceeds from issuance of private placement	$ 294,500,000
Debt instrument, redemption, equity offering redemption option
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	105.125%
Debt instrument, redemption, early redemption option
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage	100.00%
Maximum | Debt instrument, redemption, equity offering redemption option
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed	40.00%

Long-term Debt, Net Long-term D

Long-term Debt, Net Long-term Debt, Net (Second Amended and Restated Credit Agreement Narrative) (Details)	Apr. 16, 2021USD ($)	Nov. 30, 2017USD ($)
Term loan A facility
Debt Instrument [Line Items]
Quarterly required amortization payments, period one	$ 2,500,000
Quarterly required amortization payments, period two	3,750,000
Quarterly required amortization payments, period three	5,000,000
Secured debt | Senior Secured Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000,000,000
Long-term debt, maturity date	Apr. 16, 2026
Line of credit facility, maximum increase	$ 425,000,000
Secured debt | Former Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,500,000,000
Secured debt | Term loan A facility | Senior Secured Credit Facility
Debt Instrument [Line Items]
Debt instrument, face amount	$ 200,000,000
Secured debt | Term loan A facility | Minimum | Eurocurrency Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Secured debt | Term loan A facility | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Secured debt | Term loan A facility | Maximum | Eurocurrency Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Secured debt | Term loan A facility | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Secured debt | Revolving credit facility | Senior Secured Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 800,000,000
Secured debt | Revolving credit facility | Minimum | Eurocurrency Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Secured debt | Revolving credit facility | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	0.50%
Secured debt | Revolving credit facility | Maximum | Eurocurrency Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.50%
Secured debt | Revolving credit facility | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Secured debt | Second Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Debt covenants compliance, quarterly total net leverage ratio, initial maximum ratio level for increase in borrowing	3
Debt instrument, covenant, prepayment requirement, percentage of benchmark	50.00%
Secured debt | Second Amended and Restated Credit Agreement | Eurocurrency Rate Option 1
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	seven day Eurocurrency rate
Secured debt | Second Amended and Restated Credit Agreement | Eurocurrency Rate Option 2
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	30-day Eurocurrency rate
Secured debt | Second Amended and Restated Credit Agreement | Eurocurrency Rate Option 3
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	60-day Eurocurrency rate
Secured debt | Second Amended and Restated Credit Agreement | Eurocurrency Rate Option 4
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	90-day Eurocurrency rate
Secured debt | Second Amended and Restated Credit Agreement | Eurocurrency Rate Option 5
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	180-day Eurocurrency rate
Secured debt | Second Amended and Restated Credit Agreement | Base Rate Option 1
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	prime rate of Wells Fargo, National Association
Secured debt | Second Amended and Restated Credit Agreement | Base Rate Option 2
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	federal funds effective rate
Debt instrument, basis spread on variable rate	50.00%
Secured debt | Second Amended and Restated Credit Agreement | Base Rate Option 3
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	the Eurocurrency Rate with a one-month interest period
Debt instrument, basis spread on variable rate	1.00%
Secured debt | Second Amended and Restated Credit Agreement | Minimum | Eurocurrency Rate
Debt Instrument [Line Items]
Debt instrument, interest rate, floor	0.00%
Secured debt | Second Amended and Restated Credit Agreement | Maximum
Debt Instrument [Line Items]
Debt instrument, covenant, aggregate capital expenditures	$ 200,000,000
Secured debt | Letter of credit | Minimum
Debt Instrument [Line Items]
Letters of credit fee, percentage	1.50%
Line of credit facility, unused capacity, commitment fee percentage	0.25%
Secured debt | Letter of credit | Maximum
Debt Instrument [Line Items]
Letters of credit fee, percentage	2.50%
Line of credit facility, unused capacity, commitment fee percentage	0.40%

Long-term Debt, Net Long-term_2

Long-term Debt, Net Long-term Debt, Net (Schedule of Maximum TNLR) (Details) - Second Amended and Restated Credit Agreement - Secured debt	Apr. 16, 2021
Debt Instrument [Line Items]
Debt covenants compliance, quarterly total net leverage ratio, initial maximum ratio level, period two	5	[1]
Debt covenants compliance, quarterly total net leverage ratio, initial maximum ratio level, period three	4.50	[2]
Annualization factor, period two	58.50%
Annualization factor, period three	77.00%
[1]	Seasonally annualized Consolidated EBITDA calculated as Consolidated EBITDA for the two consecutive quarters ending June 27, 2021 divided by 58.5%.
[2]	Seasonally annualized Consolidated EBITDA calculated as Consolidated EBITDA for the three consecutive quarters ending September 26, 2021 divided by 77.0%.

Long-term Debt, Net (Maturities

Long-term Debt, Net (Maturities-Table) (Details) - USD ($) $ in Thousands	Jun. 27, 2021		Dec. 27, 2020
Debt Disclosure [Abstract]
Year 1	$ 11,051
Year 2	10,250
Year 3	10,188
Year 4	245,175
Year 5	289,130
Thereafter	300,000
Total payments	865,794
Less: unamortized debt discount and issuance costs	(15,576)	[1]	$ (67,704)
Less: finance lease interest	(155)		(221)
Total debt, net	$ 850,063		$ 1,036,480
[1]	In connection with the adoption of ASU No. 2020-06, debt discount of $59.9 million related to the 2025 Notes was de-recognized and $2.1 million of equity issuance costs were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021.

Long-term Debt, Net (Deferred F

Long-term Debt, Net (Deferred Financing Fees) (Details) $ in Millions	Jun. 27, 2021USD ($)
Unsecured debt | 2029 Notes
Debt Instrument [Line Items]
Debt issuance costs	$ 5.5
Secured debt | Second Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Debt issuance costs	5.9
Secured debt | Second Amended and Restated Credit Agreement | Other assets, net
Debt Instrument [Line Items]
Debt issuance costs	$ 3.7

Convertible Senior Notes (Conve

Convertible Senior Notes (Convertible Notes Text) (Details) - Convertible debt - 2025 Notes $ / shares in Units, shares in Thousands	May 08, 2020USD ($)day$ / shares	May 08, 2020USD ($)$ / sharesshares	Jun. 27, 2021USD ($)		Dec. 27, 2020USD ($)		May 12, 2020USD ($)
Debt Instrument [Line Items]
Debt instrument, face amount | $			$ 230,000,000		$ 230,000,000		$ 230,000,000
Debt instrument, interest rate, stated percentage	5.00%	5.00%	5.00%	[1]	5.00%	[1]
Long-term debt, maturity date	May 1, 2025	May 1, 2025
Proceeds from issuance of private placement | $		$ 221,600,000
Debt instrument, convertible, conversion ratio		84.122
Debt instrument, convertible principal amount | $	$ 1,000	$ 1,000
Debt conversion, converted instrument, shares to be issued | shares		19,348
Debt instrument, convertible, conversion price | $ / shares	$ 11.89	$ 11.89
Debt instrument, redemption price, percentage	100.00%
Conversion option one
Debt Instrument [Line Items]
Debt instrument, convertible, threshold percentage of stock price trigger	130.00%
Debt instrument, convertible, threshold trading days	20
Debt instrument, convertible, threshold consecutive trading days	30
Conversion option two
Debt Instrument [Line Items]
Debt instrument, convertible, threshold percentage of stock price trigger	98.00%
Debt instrument, convertible, threshold trading days	5
Debt instrument, convertible, threshold consecutive trading days	5
[1]	See Note 10 - Convertible Senior Notes

Convertible Senior Notes (Con_2

Convertible Senior Notes (Convertible Senior Notes Balances) (Details) - 2025 Notes - Convertible debt - USD ($)		Dec. 28, 2020	Jun. 27, 2021		Dec. 27, 2020	May 12, 2020
Debt Instrument [Line Items]
Debt instrument, face amount			$ 230,000,000		$ 230,000,000	$ 230,000,000
Debt discount			0	[1]	(59,862,000)
Debt issuance costs	[2]		(6,688,000)	[1]	(5,427,000)
Net carrying amount			223,312,000		164,711,000
Equity component			$ 0	[1]	$ 64,367,000
Additional paid-in capital
Debt Instrument [Line Items]
Equity issuance costs reclassified upon adoption of new accounting standard		$ 2,100,000
[1]	In connection with the adoption of ASU No. 2020-06, debt discount and the equity component of the 2025 Notes were de-recognized and $2.1 million of issuance costs that were previously allocated to the equity component were reclassified as debt issuance costs during the twenty-six weeks ended June 27, 2021.
[2]	Debt issuance costs are amortized to Interest expense, net using the effective interest method over the expected life of the 2025 Notes.

Convertible Senior Notes (Con_3

Convertible Senior Notes (Convertible Senior Notes Interest Expense) (Details) - 2025 Notes - Convertible debt $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 27, 2021USD ($)	Jun. 27, 2021USD ($)
Debt Instrument [Line Items]
Debt instrument, effective interest rate	5.85%	5.85%
Coupon interest	$ 2,875	$ 5,750
Deferred issuance cost amortization	386	767
Total interest expense	$ 3,261	$ 6,517

Convertible Senior Notes (Con_4

Convertible Senior Notes (Convertible Notes Hedge Transactions) (Details)	May 08, 2020$ / shares
Convertible debt | 2025 Notes
Debt Instrument [Line Items]
Class of warrant or right, exercise price of warrants or rights	$ 16.64

Other Long-term Liabilities, _3

Other Long-term Liabilities, Net (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2021		Dec. 27, 2020
Schedule of Other Long-term Liabilities, Net [Line Items]
Accrued insurance liability	$ 32,704		$ 32,128
Chef and Restaurant Managing Partner deferred compensation obligations	20,687		32,306
Deferred payroll tax liabilities	27,302	[1]	55,204
Other long-term liabilities	53,601	[2]	65,717
Other long-term liabilities, net	134,294		$ 185,355
Decrease in derivative liabilities	(11,800)
COVID-19 pandemic
Schedule of Other Long-term Liabilities, Net [Line Items]
Deferred payroll tax, employer portion, CARES Act, amount	$ 27,300
[1]	During the twenty-six weeks ended June 27, 2021, the Company reclassified $27.3 million of payroll taxes deferred under the CARES Act to current.
[2]	The Company’s hedge liability decreased by $11.8 million during the twenty-six weeks ended June 27, 2021 primarily from the termination of certain interest rate swaps. See Note 13 - Derivative Instruments and Hedging Activities

Stockholders' Equity (Redeemabl

Stockholders' Equity (Redeemable Preferred Stock) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 29, 2020	Jun. 27, 2021	Jun. 28, 2020
Accumulated other comprehensive loss [Line Items]
Payments for repurchase of redeemable preferred stock	$ 1,000	$ 0	$ 1,475
Consideration for preferred stock in excess of carrying value, net of tax			1,718
Additional paid-in capital
Accumulated other comprehensive loss [Line Items]
Consideration for preferred stock in excess of carrying value, net of tax	$ 3,500		$ 3,496

Stockholders' Equity (Accumulat

Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details) - USD ($) $ in Thousands	Jun. 27, 2021	Dec. 27, 2020
Accumulated other comprehensive loss [Line Items]
Accumulated other comprehensive loss	$ (202,188)	$ (211,446)
Foreign currency translation adjustment
Accumulated other comprehensive loss [Line Items]
Accumulated other comprehensive loss	(185,443)	(188,883)
Unrealized loss on derivatives, net of tax
Accumulated other comprehensive loss [Line Items]
Accumulated other comprehensive loss	$ (16,745)	$ (22,563)

Stockholders' Equity (Other Com

Stockholders' Equity (Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Accumulated other comprehensive loss [Line Items]
Unrealized loss on derivatives, net of tax		$ (128)	$ (1,556)	$ (170)	$ (14,892)
Reclassification of adjustments for loss on derivatives included in Net income (loss), net of tax		1,514	2,585	4,517	3,981
Amortization of terminated interest rate swaps, net of tax		1,471	0	1,471	0
Other comprehensive income (loss) attributable to Bloomin’ Brands		12,872	(28,117)	9,258	(48,018)
Bloomin' Brands
Accumulated other comprehensive loss [Line Items]
Foreign currency translation adjustment		10,015	(29,146)	3,440	(36,443)
Unrealized loss on derivatives, net of tax	[1]	(128)	(1,556)	(170)	(14,892)
Reclassification of adjustments for loss on derivatives included in Net income (loss), net of tax	[2]	1,514	2,585	4,517	3,981
Amortization of terminated interest rate swaps, net of tax		1,471	0	1,471	0
Total unrealized gain (loss) on derivatives, net of tax		2,857	1,029	5,818	(10,911)
Other comprehensive income (loss) attributable to Bloomin’ Brands		$ 12,872	(28,117)	$ 9,258	(47,354)
Other comprehensive loss, unrealized loss on derivatives arising during period, tax			$ (500)		$ (5,200)
[1]	Unrealized loss on derivatives is net of tax of $0.5 million and $5.2 million for the thirteen and twenty-six weeks ended June 28, 2020, respectively.
[2]	Reclassifications of adjustments for loss on derivatives are net of tax. See Note 13 - Derivative Instruments and Hedging Activities for the tax impact of reclassifications.

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Cash Flow Hedges of Interest Rate Risk) (Details) - Interest rate swap		Apr. 16, 2021USD ($)counterparty	Oct. 25, 2018USD ($)counterparty	Jun. 27, 2021USD ($)	Dec. 27, 2020USD ($)
Contract termination
Derivative [Line Items]
Derivative agreements, number of counterparties | counterparty		7
Derivative, notional amount		$ 275,000,000
Payment for settlement of interest rate, cash flow hedge		13,300,000
Derivative, interest rate swaps, liabilities, fair value		$ 13,400,000
Designated as hedging instrument
Derivative [Line Items]
Derivative agreements, number of counterparties | counterparty			12
Derivative, notional amount			$ 550,000,000
Derivative, maturity date			Nov. 30, 2022
Derivative, average fixed interest rate			3.04%
Derivative, interest rate swaps, liabilities, fair value	[1]			$ 11,258,000	$ 30,495,000
Designated as hedging instrument | Interest expense
Derivative [Line Items]
Cash flow hedge loss to be reclassified within twelve fiscal months				$ 16,000,000
Designated as hedging instrument | London Interbank Offered Rate (LIBOR) swap rate
Derivative [Line Items]
Derivative, variable interest rate			one-month LIBOR
[1]	See Note 15 - Fair Value Measurements for fair value discussion of the interest rate swaps.

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Fair Value and Classification of Interest Rate Swaps) (Details) - Interest rate swap - Designated as hedging instrument - USD ($) $ in Thousands		Jun. 27, 2021	Dec. 27, 2020
Derivative [Line Items]
Derivative, interest rate swaps, liabilities, fair value	[1]	$ 11,258	$ 30,495
Accrued and other current liabilities
Derivative [Line Items]
Derivative, interest rate swaps, liabilities, fair value		7,437	14,855
Accrued interest		697	1,237
Other long-term liabilities, net
Derivative [Line Items]
Derivative, interest rate swaps, liabilities, fair value		$ 3,821	$ 15,640
[1]	See Note 15 - Fair Value Measurements for fair value discussion of the interest rate swaps.

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Effects of the Interest Rate Swaps) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020	Dec. 27, 2020
Derivative [Line Items]
Total effects of the interest rate swaps on Net income (loss)	$ (1,514)	$ (2,585)	$ (4,517)	$ (3,981)
Interest rate swap | Designated as hedging instrument
Derivative [Line Items]
Total effects of the interest rate swaps on Net income (loss)	(1,514)	(2,585)	(4,517)	(3,981)
Derivative, net liability position, aggregate fair value	12,000		12,000		$ 32,200
Derivative, termination value	12,000		12,000		$ 32,200
Interest rate swap | Designated as hedging instrument | Interest expense
Derivative [Line Items]
Interest rate swap expense recognized in Interest expense, net	(2,038)	(3,482)	(6,082)	(5,362)
Interest rate swap | Designated as hedging instrument | Income tax expense
Derivative [Line Items]
Income tax benefit recognized in Provision (benefit) for income taxes	$ 524	$ 897	$ 1,565	$ 1,381

Leases (Lessee, Lease Assets an

Leases (Lessee, Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands		Jun. 27, 2021	Dec. 27, 2020
Schedule of Leased Assets and Liabilities - Lessee [Line Items]
Operating lease right-of-use assets		$ 1,161,650	$ 1,172,910
Finance lease, right-of-use asset, statement of financial position [Extensible Enumeration]		Property, fixtures and equipment, net	Property, fixtures and equipment, net
Finance lease right-of-use assets	[1]	$ 1,447	$ 1,947
Total lease assets, net		$ 1,163,097	$ 1,174,857
Operating lease, liability, current, statement of financial position [Extensible Enumeration]		Accrued and other current liabilities	Accrued and other current liabilities
Current operating lease liabilities	[2]	$ 177,807	$ 176,791
Finance lease, liability, current, statement of financial position [Extensible Enumeration]		Current portion of long-term debt	Current portion of long-term debt
Current finance lease liabilities		$ 1,022	$ 1,210
Non-current operating lease liabilities	[3]	$ 1,206,269	$ 1,216,666
Finance lease, liability, noncurrent, statement of financial position [Extensible Enumeration]		Long-term debt, net	Long-term debt, net
Non-current finance lease liabilities		$ 617	$ 974
Total lease liability		1,385,715	1,395,641
Accumulated amortization		(2,800)	(2,300)
Accrued contingent percentage rent		3,300	2,700
COVID-19 pandemic
Schedule of Leased Assets and Liabilities - Lessee [Line Items]
Accrued deferred rent		3,400	12,800
Accrued rent, noncurrent		$ 800	$ 1,200
[1]	Net of accumulated amortization of $2.8 million and $2.3 million as of June 27, 2021 and December 27, 2020, respectively.
[2]	Excludes COVID-19-related deferred rent accruals of $3.4 million and $12.8 million as of June 27, 2021 and December 27, 2020, respectively, and accrued contingent percentage rent of $3.3 million and $2.7 million, as of June 27, 2021 and December 27, 2020, respectively.
[3]	Excludes COVID-19-related non-current deferred rent accruals of $0.8 million and $1.2 million as of June 27, 2021 and December 27, 2020, respectively.

Leases (Lessee, Lease Costs) (D

Leases (Lessee, Lease Costs) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Schedule of Lease Costs [Line Items]
Operating leases	[1]	$ 43,763	$ 42,776	$ 88,555	$ 88,658
Variable lease cost	[2]	731	(1,046)	1,508	74
Amortization of leased assets		258	315	520	657
Interest on lease liabilities		31	37	67	83
Sublease revenue	[3]	(2,825)	(109)	(3,660)	(1,786)
Lease costs, net		41,958	41,973	86,990	87,686
General and administrative expense
Schedule of Lease Costs [Line Items]
Operating leases		3,200	3,300	6,700	6,900
Food and beverage costs
Schedule of Lease Costs [Line Items]
Operating leases		$ 300	$ 300	$ 600	$ 600
[1]	Excludes rent expense for office facilities and Company-owned closed or subleased properties of $3.2 million and $3.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020, respectively, and $6.7 million and $6.9 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, respectively, which is included in General and administrative expense. Also excludes certain supply chain related rent expense of $0.3 million for the thirteen weeks ended June 27, 2021 and June 28, 2020 and $0.6 million for the twenty-six weeks ended June 27, 2021 and June 28, 2020, which is included in Food and beverage costs.
[2]	Includes COVID-19-related rent abatement for all periods presented.
[3]	Excludes immaterial rental income from Company-owned properties.

Leases (Other Information) (Det

Leases (Other Information) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 105,323	$ 75,688

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Value Measurements on a Recurring Basis) (Details) - Fair value, measurements, recurring - USD ($) $ in Thousands	Jun. 27, 2021	Dec. 27, 2020
Fair value, inputs, level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	$ 24,508	$ 32,326
Liabilities, fair value disclosure	0	0
Fair value, inputs, level 1 | Accrued and other current liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current liabilities	0	0
Fair value, inputs, level 1 | Other long-term liabilities, net | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, other long-term liabilities	0	0
Fair value, inputs, level 1 | Fixed income funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	8,664	15,404
Fair value, inputs, level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	14,054	16,494
Restricted cash and cash equivalents, fair value disclosure	1,790	428
Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Liabilities, fair value disclosure	11,258	30,495
Fair value, inputs, level 2 | Accrued and other current liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current liabilities	7,437	14,855
Fair value, inputs, level 2 | Other long-term liabilities, net | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, other long-term liabilities	3,821	15,640
Fair value, inputs, level 2 | Fixed income funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	0	0
Fair value, inputs, level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	0	0
Restricted cash and cash equivalents, fair value disclosure	0	0
Carrying value measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	24,508	32,326
Liabilities, fair value disclosure	11,258	30,495
Carrying value measurement | Accrued and other current liabilities | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current liabilities	7,437	14,855
Carrying value measurement | Other long-term liabilities, net | Interest rate swap
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, other long-term liabilities	3,821	15,640
Carrying value measurement | Fixed income funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	8,664	15,404
Carrying value measurement | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	14,054	16,494
Restricted cash and cash equivalents, fair value disclosure	$ 1,790	$ 428

Fair Value Measurements (Fair_2

Fair Value Measurements (Fair Value Measurements on a Nonrecurring Basis) (Details) - Fair value, measurements, nonrecurring - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses		$ 5,422	$ 23,918	$ 7,564	$ 64,342
Operating lease right-of-use assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operating lease assets, impairment		962	4,028	1,512	23,591
Property, fixtures and equipment, net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property, fixtures and equipment, impairment		4,460	19,595	6,052	37,993
Property, fixtures and equipment, net | Fair value, inputs, level 3 | Assets measured with impairment, quarter-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure			9,400		9,400
Property, fixtures and equipment, net | Fair value, inputs, level 3 | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure			26,200		26,200
Goodwill and other assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment losses		0	295	0	2,683
Assets held for sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale, impairment				0	75
Carrying value measurement | Assets measured with impairment, quarter-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		13,879	43,144	13,879	43,144
Carrying value measurement | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		16,579	115,857	16,579	115,857
Carrying value measurement | Operating lease right-of-use assets | Fair value, inputs, level 3 | Assets measured with impairment, quarter-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[1]	5,687	32,404	5,687	32,404
Carrying value measurement | Operating lease right-of-use assets | Fair value, inputs, level 3 | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[1]	7,651	85,537	7,651	85,537
Carrying value measurement | Property, fixtures and equipment, net | Assets measured with impairment, quarter-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[2]		9,992		9,992
Carrying value measurement | Property, fixtures and equipment, net | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[2]		28,390		28,390
Carrying value measurement | Property, fixtures and equipment, net | Fair value, inputs, level 2 | Assets measured with impairment, quarter-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure			500		500
Carrying value measurement | Property, fixtures and equipment, net | Fair value, inputs, level 2 | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure			2,200		2,200
Carrying value measurement | Property, fixtures and equipment, net | Fair value, inputs, level 3 | Assets measured with impairment, quarter-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[2]	8,192		8,192
Carrying value measurement | Property, fixtures and equipment, net | Fair value, inputs, level 3 | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[2]	8,928		8,928
Carrying value measurement | Goodwill and other assets | Fair value, inputs, level 2 | Assets measured with impairment, quarter-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[3]	0	748	0	748
Carrying value measurement | Goodwill and other assets | Fair value, inputs, level 2 | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[3]	0	748	0	748
Carrying value measurement | Assets held for sale | Fair value, inputs, level 3 | Assets measured with impairment, year-to-date
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	[1]	$ 0	$ 1,182	$ 0	$ 1,182
[1]	Asset carrying values measured using discounted cash flow models (Level 3).
[2]	Carrying values measured using Level 2 inputs to estimate fair value totaled $0.5 million and $2.2 million for the thirteen and twenty-six weeks ended June 28, 2020, respectively. All other assets were valued using Level 3 inputs. Third-party market appraisals (Level 2) and discounted cash flow models (Level 3) were used to estimate fair value.
[3]	Other assets generally measured using the quoted market value of comparable assets (Level 2).

Fair Value Measurements (Fair_3

Fair Value Measurements (Fair Value Inputs on a Nonrecurring Basis) (Details) - Operating lease right-of-use-asset and property, fixtures and equipment - Fair value, measurements, nonrecurring - Fair value, inputs, level 3	3 Months Ended	6 Months Ended
	Jun. 28, 2020	Jun. 28, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs, weighted-average cost of capital	10.90%
Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs, weighted-average cost of capital		10.90%
Fair value inputs, long-term growth rate	2.00%	2.00%
Minimum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value inputs, weighted-average cost of capital		10.40%
Fair value inputs, long-term growth rate	1.50%	1.50%

Fair Value Measurements (Carryi

Fair Value Measurements (Carrying Value and Fair Value of Debt by Hierarchy Level) (Details) - USD ($) $ in Thousands	Jun. 27, 2021	Dec. 27, 2020
Secured debt | Senior Secured Credit Facility | Fair value, inputs, level 2 | Term loan A facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value	$ 196,250	$ 0
Secured debt | Senior Secured Credit Facility | Fair value, inputs, level 2 | Revolving credit facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value	128,850	0
Secured debt | Senior Secured Credit Facility | Carrying value measurement | Term loan A facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	200,000	0
Secured debt | Senior Secured Credit Facility | Carrying value measurement | Revolving credit facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	134,000	0
Secured debt | Former Credit Facility | Fair value, inputs, level 2 | Term loan A facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value	0	412,250
Secured debt | Former Credit Facility | Fair value, inputs, level 2 | Revolving credit facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value	0	419,612
Secured debt | Former Credit Facility | Carrying value measurement | Term loan A facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	0	425,000
Secured debt | Former Credit Facility | Carrying value measurement | Revolving credit facility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	0	447,000
Convertible debt | 2025 Notes | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value	559,450	413,818
Convertible debt | 2025 Notes | Carrying value measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	230,000	230,000
Unsecured debt | 2029 Notes | Fair value, inputs, level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible debt, fair value	307,503	0
Unsecured debt | 2029 Notes | Carrying value measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 300,000	$ 0

Allowance for Expected Credit_3

Allowance for Expected Credit Losses (Allowance for Expected Credit Losses Rollforward) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020		Jun. 27, 2021	Jun. 28, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for expected credit losses, beginning of period	$ 3,997	$ 4,551		$ 4,095	$ 199
Provision for expected credit losses	0	15	[1]	0	3,349	[1]
Charge-off of accounts	(8)	0		(106)	0
Allowance for expected credit losses, end of period	3,989	4,566		3,989	4,566
ASU No. 2016-13
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Adjustment for adoption of ASU No. 2016-13	$ 0	$ 0		$ 0	$ 1,018
[1]	In March 2020, the Company fully reserved substantially all of its outstanding franchise receivables in response to the economic impact of the COVID-19 pandemic. See Note 2 - COVID-19 Charges for details regarding the impact of the COVID-19 pandemic on the Company’s financial results.

Income Taxes (Change in Effecti

Income Taxes (Change in Effective Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Income Tax Disclosure [Abstract]
Income (loss) before provision (benefit) for income taxes	$ 107,574	$ (128,207)	$ 183,965	$ (182,276)
Provision (benefit) for income taxes	$ 22,688	$ (35,779)	$ 29,281	$ (55,434)
Effective income tax rate	21.10%	27.90%	15.90%	30.40%
Change in effective income tax rate	(6.80%)		(14.50%)
Blended federal and state statutory income tax rate	26.00%		26.00%

Income Taxes (Tax Carryforwards

Income Taxes (Tax Carryforwards) (Details) - Internal Revenue Service (IRS) - USD ($) $ in Millions	6 Months Ended
	Jun. 27, 2021	Dec. 27, 2020
Income Tax Contingency [Line Items]
General business tax credit carryforwards		$ 155.3
Maximum
Income Tax Contingency [Line Items]
General business tax credits, estimated period of use	10 years

Commitments and Contingencies (

Commitments and Contingencies (Litigation and Other Matters) (Details) - USD ($) $ in Millions	Jun. 27, 2021	Dec. 27, 2020
Commitments and Contingencies Disclosure [Abstract]
Estimated litigation liability	$ 5.9	$ 4.6

Commitments and Contingencies_2

Commitments and Contingencies (Lease Guarantees) (Details) - Property lease guarantee $ in Millions	Jun. 27, 2021USD ($)
Loss Contingencies [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 27.9
Guarantee obligations, maximum exposure at present value	22.9
Lease guarantee contingent liabilities	$ 10.3

Segment Reporting (Narrative) (

Segment Reporting (Narrative) (Details)	6 Months Ended
	Jun. 27, 2021reportableSegment
Segment Reporting [Abstract]
Reportable segments	2

Segment Reporting (Revenue by S

Segment Reporting (Revenue by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 1,077,366	$ 578,459	$ 2,064,839	$ 1,586,796
U.S. segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	1,003,058	537,080	1,907,976	1,431,577
International segment
Segment Reporting, Revenue Reconciling Item [Line Items]
Total revenues	$ 74,308	$ 41,379	$ 156,863	$ 155,219

Segment Reporting (Income from

Segment Reporting (Income from Operations Reconciliation) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020		Jun. 27, 2021	Jun. 28, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations	$ 124,637	$ (111,912)		$ 215,635	$ (153,480)
Loss on extinguishment and modification of debt	(2,073)	(237)		(2,073)	(237)
Other income (expense), net	0	581		21	(212)
Interest expense, net	(14,990)	(16,639)		(29,618)	(28,347)
Income (loss) before provision (benefit) for income taxes	107,574	(128,207)		183,965	(182,276)
Operating segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations	167,767	(79,991)		293,039	(61,825)
Operating segments | U.S. segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations	165,297	(62,921)		287,032	(51,542)
Operating segments | International segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations	2,470	(17,070)		6,007	(10,283)
Corporate, non-segment
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Income (loss) from operations	$ (43,130)	(31,921)	[1]	$ (77,404)	(91,655)	[1]
Corporate, non-segment | Impairment and general and administrative expense
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Restructuring charges		$ 2,400			$ 24,600
[1]	The thirteen and twenty-six weeks ended June 28, 2020 include $2.4 million and $24.6 million, respectively, of charges that were not allocated to the Company’s segments related to its transformational initiatives, primarily recorded within General and administrative expense and Provision for impaired assets and restaurant closings.

Segment Reporting (Depreciation

Segment Reporting (Depreciation and Amortization by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020	Jun. 27, 2021	Jun. 28, 2020
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 40,539	$ 45,784	$ 81,765	$ 94,052
Operating segments | U.S. segment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	33,578	37,308	67,223	74,948
Operating segments | International segment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	5,566	5,884	11,286	12,642
Corporate, non-segment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Depreciation and amortization	$ 1,395	$ 2,592	$ 3,256	$ 6,462

Segment Reporting (Capital Expe

Segment Reporting (Capital Expenditures by Segment) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 27, 2021	Jun. 28, 2020
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 51,398	$ 53,205
Consolidated entity
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	51,243	44,077
Corporate, non-segment
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	3,138	2,471
U.S. segment | Operating segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	42,574	30,692
International segment | Operating segments
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 5,531	$ 10,914

Subsequent Events (Text) (Detai

Subsequent Events (Text) (Details) $ in Millions	Aug. 02, 2021USD ($)
Other restaurant operating | Carrabba's Italian Grill | Subsequent event
Subsequent Event [Line Items]
Cash paid to settle royalty agreement	$ 61.9