View Filing Data

67,945

60,486

Other assets, net

122,445

135,261

Accrued and other current liabilities

2,389,866

2,561,894

Current Liabilities

Accounts payable

164,798

185,461

218,482

270,840

Current portion of long-term debt

221,926

330,756

25,964

26,335

Deferred income tax liabilities

631,170

813,392

Deferred rent

164,021

160,047

14,539

16,926

Long-term debt, net

1,113,765

1,091,769

Deferred gain on sale-leaseback transactions, net

182,501

188,086

192,400

210,443

^[1]

Commitments and contingencies

2,298,396

2,480,663

Bloomin’ Brands Stockholders’ Equity

Preferred stock, $0.01 par value, 25,000,000 shares authorized; no shares issued and outstanding as of July 1, 2018 and December 31, 2017

Common stock, $0.01 par value, 475,000,000 shares authorized; 92,437,047 and 91,912,546 shares issued and outstanding as of July 1, 2018 and December 31, 2017, respectively

924

919

Additional paid-in capital

1,109,015

1,081,813

Accumulated other comprehensive loss

(902,038)

(913,191)

(126,672)

(99,199)

81,229

70,342

Noncontrolling interests

10,241

10,889

91,470

81,231

$ 2,389,866

$ 2,561,894

[1]	Includes the non-current portion of deferred franchise fees.

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jul. 01, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred stock, par per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	25,000,000	25,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par per share	$ 0.01	$ 0.01
Common stock, shares authorized	475,000,000	475,000,000
Common stock, shares issued	92,437,047	91,912,546
Common stock, shares outstanding	92,437,047	91,912,546

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Revenues

$ 1,031,814

$ 1,036,458

^[1],[2]

$ 2,148,279

$ 2,191,169

^[1],[2]

Costs and expenses

Cost of sales

322,790

323,130

674,922

687,878

Labor and other related

301,921

297,857

612,983

622,255

Depreciation and amortization

238,379

248,412

491,724

499,536

50,782

48,063

100,902

94,653

General and administrative

76,129

77,056

144,825

148,997

Provision for impaired assets and restaurant closings

8,889

598

11,628

19,674

Total costs and expenses

998,890

995,116

2,036,984

2,072,993

Loss on extinguishment and modification of debt

32,924

41,342

^[3]

111,295

118,176

^[3]

(260)

^[3]

(260)

^[3]

Other (expense) income, net

(6)

7,281

^[3]

(5)

7,230

^[3]

Interest expense, net

(11,319)

(9,543)

^[3]

(21,629)

(18,684)

^[3]

Income before (benefit) provision for income taxes

21,599

38,820

^[3]

89,661

106,462

^[3]

(5,124)

2,988

(3,199)

20,992

Less: net income attributable to noncontrolling interests

26,723

35,832

92,860

85,470

699

741

1,712

Foreign currency translation adjustment

26,721

35,133

^[4]

92,119

83,758

^[4]

Other comprehensive (loss) income:

(30,044)

(9,118)

(28,695)

11,371

Unrealized gain (loss) on derivatives, net of tax

296

(610)

1,184

(509)

Reclassification of adjustment for loss on derivatives included in Net income, net of tax

643

379

1,427

Comprehensive (loss) income

(2,954)

26,747

65,728

97,759

Less: comprehensive income attributable to noncontrolling interests

360

757

1,081

1,682

Comprehensive (loss) income attributable to Bloomin’ Brands

$ (3,314)

$ 25,990

$ 64,647

$ 96,077

Earnings per share:

$ 0.29

$ 0.36

^[4]

$ 1.00

$ 0.83

^[4]

Weighted average common shares outstanding:

$ 0.28

$ 0.34

^[4]

$ 0.97

$ 0.80

^[4]

Basic (shares)

92,120

98,852

92,194

100,963

Diluted (shares)

94,361

102,421

95,072

104,417

Cash dividends declared per common share

$ 0.09

$ 0.08

$ 0.18

$ 0.16

Revenues

Franchise and other revenue [Member]

$ 1,015,484

$ 1,021,184

^[1],[5]

$ 2,114,487

$ 2,165,015

^[1],[5]

Revenues

Increase (Decrease) in Stockholders' Equity [Roll Forward]

$ 16,330

$ 15,274

^[1]

$ 33,792

$ 26,154

^[1]

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[2]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[3]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[4]	See Note 1 - Description of the Business and Basis of Presentation for details of the Net income and Earnings per share impact of implementing ASU No. 2014-09.
[5]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands

Total

Common stock [Member]

Additional paid-in capital [Member]

Accumulated deficit [Member]

Accumulated other comprehensive loss [Member]

Non-controlling interests [Member]

Cumulative-effect from a change in accounting principle

$ 14,364

Balance (in shares) at Dec. 25, 2016

103,922,000

Balance at Dec. 25, 2016

226,063

$ 1,039

$ 1,079,583

(756,070)

$ (111,143)

$ 12,654

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive (loss) income, net of tax

85,595

83,758

1,837

12,281

12,319

(38)

Cash dividends declared, per common share

(16,308)

Repurchase and retirement of common stock, shares

(9,917,000)

Repurchase and retirement of common stock

(198,728)

$ (99)

(198,629)

Stock-based compensation

12,716

Common stock issued under stock plans, shares

^[1]

1,003,000

Common stock issued under stock plans

^[1]

4,464

$ 10

4,597

(143)

Change in redemption value of redeemable interests

(126)

Purchase of noncontrolling interests, net of tax of $45

(892)

(713)

(179)

Distributions to noncontrolling interests

(3,754)

Contributions from noncontrolling interests

481

Balance (in shares) at Jun. 25, 2017

95,008,000

Balance at Jun. 25, 2017

$ 136,156

$ 950

1,079,749

(856,720)

(98,824)

11,001

Balance (in shares) at Dec. 31, 2017

91,912,546

91,913,000

Balance at Dec. 31, 2017

$ 81,231

$ 919

1,081,813

(913,191)

(99,199)

10,889

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive (loss) income, net of tax

93,182

92,119

1,063

(27,132)

(27,473)

341

Cash dividends declared, per common share

$ (16,734)

(16,734)

Repurchase and retirement of common stock, shares

(3,403,000)

(3,404,000)

Repurchase and retirement of common stock

$ (81,000)

$ (34)

(80,966)

Stock-based compensation

11,178

Common stock issued under stock plans, shares

^[1]

3,928,000

Common stock issued under stock plans

^[1]

33,119

$ 39

33,080

Change in redemption value of redeemable interests

(322)

Distributions to noncontrolling interests

(3,372)

Contributions from noncontrolling interests

$ 1,320

1,320

Balance (in shares) at Jul. 01, 2018

92,437,047

92,437,000

Balance at Jul. 01, 2018

$ 91,470

$ 924

$ 1,109,015

$ (902,038)

$ (126,672)

$ 10,241

[1]	Net of forfeitures and shares withheld for employee taxes.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 25, 2017 USD ($) $ / shares
Cash dividends declared per common share \| $ / shares	$ 0.16
Additional paid-in capital [Member]
Purchase of limited partnership interests, deferred tax effect \| $	$ 45

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Cash flows provided by operating activities:

Adjustments to reconcile Net income to cash provided by operating activities:

$ 92,860

$ 85,470

Depreciation and amortization

100,902

94,653

Amortization of deferred discounts and issuance costs

1,288

1,637

Amortization of deferred gift card sales commissions

15,219

13,756

Provision for impaired assets and restaurant closings

11,628

19,674

Stock-based and other non-cash compensation expense

13,263

13,901

Deferred income tax (benefit) expense

(264)

1,686

Gain on sale of a business or subsidiary

(7,284)

Loss on extinguishment and modification of debt

260

^[1]

Recognition of deferred gain on sale-leaseback transactions

(6,142)

(5,816)

Other non-cash items, net

1,257

1,802

Change in assets and liabilities

(129,928)

(36,602)

Net cash provided by operating activities

100,083

183,137

Cash flows used in investing activities:

Proceeds from disposal of property, fixtures and equipment

6,164

Proceeds from sale-leaseback transactions, net

4,695

49,780

Proceeds from sale of a business, net of cash divested

33,994

Capital expenditures

(92,528)

(116,256)

Other investments, net

(275)

(1,123)

Net cash used in investing activities

(81,944)

(33,601)

Cash flows used in financing activities:

Proceeds from issuance of long-term debt, net

124,438

Repayments of long-term debt

(12,876)

(64,399)

Proceeds from borrowings on revolving credit facilities, net

266,829

341,000

Repayments of borrowings on revolving credit facilities

(234,500)

(364,500)

Proceeds from failed sale-leaseback transactions, net

5,942

Proceeds from the exercise of share-based compensation

33,119

4,607

Distributions to noncontrolling interests

(3,372)

(3,754)

Contributions from noncontrolling interests

1,320

481

Purchase of limited partnership and noncontrolling interests

(1,443)

(4,024)

Repayments of partner deposits and accrued partner obligations

(9,646)

(7,862)

Repurchase of common stock

(81,000)

(198,871)

Cash dividends paid on common stock

(16,734)

(16,308)

Net cash used in financing activities

(58,303)

(183,250)

Effect of exchange rate changes on cash and cash equivalents

(3,164)

1,002

Net decrease in cash, cash equivalents and restricted cash

(43,328)

(32,712)

Cash, cash equivalents and restricted cash as of the beginning of the period

129,543

136,186

Cash, cash equivalents and restricted cash as of the end of the period

86,215

103,474

Supplemental disclosures of cash flow information:

Cash paid for interest

20,488

17,393

Cash paid for income taxes, net of refunds

6,675

22,695

Supplemental disclosures of non-cash investing and financing activities:

Increase (decrease) in liabilities from the acquisition of property, fixtures and equipment or capital leases

1,430

(2,564)

Purchase of noncontrolling interest included in accrued and other current liabilities

$ 0

$ 898

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Description of the Business and Basis of Presentation

6 Months Ended

Jul. 01, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of the Business and Basis of Presentation

Description of the Business - Bloomin’ Brands, Inc., through its subsidiaries (“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. Each of the Company’s concepts has additional restaurants in which it has no direct investment and 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 31, 2017.

Recently Adopted Financial Accounting Standards - On January 1, 2018, the Company elected to early adopt Accounting Standards Update (“ASU”) No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” (“ASU No. 2017-04”) on a prospective basis. ASU No. 2017-04 eliminates the second step of goodwill impairment, which requires a hypothetical purchase price allocation. Under ASU No. 2017-04, goodwill impairment is calculated as the amount a reporting unit’s carrying value exceeds its calculated fair value. The adoption of ASU No. 2017-04 did not impact the Company’s Consolidated Financial Statements. Goodwill and indefinite-lived intangible assets are tested for impairment annually, as of the first day of the second fiscal quarter, or whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.

The Company performed its annual assessment for impairment of goodwill and other indefinite-lived intangible assets during the second quarters of 2018 and 2017. In connection with these assessments, the Company did not record any goodwill or indefinite-lived intangible impairment charges.

On January 1, 2018, the Company adopted ASU No. 2014-09 “Revenue Recognition (Topic 606), Revenue from Contracts with Customers” (“ASU No. 2014-09”) using the full retrospective transition method. Under ASU No. 2014-09, revenue is recognized in an amount that reflects the consideration an entity expects to receive for the transfer of goods and services. The standard also requires additional disclosures about the nature, timing and uncertainty of revenue and cash flows arising from contracts with customers. Under the new standard, the Company recognizes gift card breakage proportional to redemptions, which are highest in the Company’s first fiscal quarter. Previously, under the remote method, the majority of breakage revenue was recorded in the Company’s fourth fiscal quarter corresponding with the timing of the original gift card sale. Advertising fees charged to franchisees, which were previously recorded as a reduction to Other restaurant operating expenses, are recognized as Franchise revenue. In addition, initial franchise and renewal fees are recognized over the term of the franchise agreements. In connection with adoption of ASU No. 2014-09, a cumulative effect adjustment of $33.1 million, net of tax, was recorded as a credit to the ending balance of Accumulated deficit as of December 27, 2015.

The following table includes a restatement of the Company’s Consolidated Statement of Operations for the retrospective adoption of ASU No. 2014-09 during the periods indicated:



	THIRTEEN WEEKS ENDED							TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017							JUNE 25, 2017
(dollars in thousands, except per share data)	AS REPORTED		2014-09 IMPACT			AS RESTATED		AS REPORTED		2014-09 IMPACT		AS RESTATED
Revenues
Restaurant sales	$	1,019,957	$	1,227		$	1,021,184	$	2,155,445	$	9,570	$	2,165,015
Franchise and other revenues	13,025		2,249			15,274		21,360		4,794		26,154
Total revenues	$	1,032,982	$	3,476		$	1,036,458	$	2,176,805	$	14,364	$	2,191,169
Costs and expenses
Other restaurant operating	$	244,124	$	4,288		$	248,412	$	492,064	$	7,472	$	499,536
Income from operations	$	42,154	$	(812	)	$	41,342	$	111,284	$	6,892	$	118,176
Income before provision for income taxes	$	39,632	$	(812	)	$	38,820	$	99,570	$	6,892	$	106,462
Provision for income taxes	$	3,303	$	(315	)	$	2,988	$	18,318	$	2,674	$	20,992
Net income	$	36,329	$	(497	)	$	35,832	$	81,252	$	4,218	$	85,470
Net income attributable to Bloomin’ Brands	$	35,630	$	(497	)	$	35,133	$	79,540	$	4,218	$	83,758

Basic earnings per share	$	0.36	$	(0.01	)	$	0.36	$	0.79	$	0.04	$	0.83
Diluted earnings per share	$	0.35	$	—		$	0.34	$	0.76	$	0.04	$	0.80

The following table includes a restatement of the Company’s Consolidated Balance Sheet as of December 31, 2017 for the retrospective adoption of ASU No. 2014-09:



	DECEMBER 31, 2017
(dollars in thousands)	AS REPORTED			2014-09 IMPACT			AS RESTATED
ASSETS
Deferred income tax assets, net	$	71,499		$	(11,013	)	$	60,486
Total assets	$	2,572,907		$	(11,013	)	$	2,561,894
LIABILITIES AND STOCKHOLDERS’ EQUITY
Unearned revenue
Deferred gift card revenue	$	371,455		$	(47,827	)	$	323,628
Deferred loyalty revenue	6,667			—			6,667
Deferred franchise fees - current	105			356			461
Total Unearned revenue	$	378,227		$	(47,471	)	$	330,756
Total current liabilities	$	860,863		$	(47,471	)	$	813,392
Other long-term liabilities, net (1)	$	205,745		$	4,698		$	210,443
Total liabilities	$	2,523,436		$	(42,773	)	$	2,480,663
Bloomin’ Brands Stockholders’ Equity
Accumulated deficit	$	(944,951	)	$	31,760		$	(913,191	)
Total Bloomin’ Brands stockholders’ equity	$	38,582		$	31,760		$	70,342
Total stockholders’ equity	$	49,471		$	31,760		$	81,231
Total liabilities and stockholders’ equity	$	2,572,907		$	(11,013	)	$	2,561,894

____________________


(1)	Includes the non-current portion of deferred franchise fees.

See Note 2 - Revenue Recognition for required disclosures under ASU No. 2014-09.

Effective June 26, 2017, the Company adopted ASU No. 2016-18, “Statement of Cash Flows (Topic 230), Restricted Cash” (“ASU No. 2016-18”). ASU No. 2016-18 provides guidance on the presentation of restricted cash and restricted cash equivalents, which are now included with cash and cash equivalents when reconciling the beginning and ending cash amounts shown on the statements of cash flows. Using the retrospective transition method required under the standard, the Company has adjusted the presentation of its Condensed Consolidated Statements of Cash Flows for the period presented. The adoption of ASU No. 2016-18 did not have any other impact on the Company’s Consolidated Financial Statements.

The following table provides additional details by financial statement line item of the restated presentation in the Company’s Condensed Consolidated Statement of Cash Flows for the twenty-six weeks ended June 25, 2017:



	TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017
(dollars in thousands)	AS REPORTED			2016-18 IMPACT			AS RESTATED
Cash flows used in investing activities:
Decrease in restricted cash	$	14,969		$	(14,969	)	$	—
Increase in restricted cash	$	(5,957	)	$	5,957		$	—
Net cash used in investing activities	$	(24,589	)	$	(9,012	)	$	(33,601	)

Net decrease in cash, cash equivalents and restricted cash	$	(23,702	)	$	(9,010	)	$	(32,712	)
Cash, cash equivalents and restricted cash as of the beginning of the period	127,176			9,010			136,186
Cash, cash equivalents and restricted cash as of the end of the period	$	103,474		$	—		$	103,474

Recently Issued Financial Accounting Standards Not Yet Adopted - In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-02: “Leases (Topic 842)” (“ASU No. 2016-02”). ASU No. 2016-02 requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. ASU No. 2016-02 is effective for the Company in 2019 and must be adopted using a modified retrospective approach. In preparation for adoption of ASU No. 2016-02, the Company has implemented a new lease accounting system. The Company is currently evaluating practical expedients and accounting policy elections, and assessing the overall financial statement impact. The Company expects the adoption of ASU No. 2016-02 to have a significant impact on its Consolidated Balance Sheets due to recognition of right-of-use assets and lease liabilities related to real estate and equipment under operating lease agreements, but will likely have an insignificant impact on its Consolidated Statement of Operations and Comprehensive Income. The Company’s evaluation of ASU No. 2016-02 is ongoing and may identify additional impacts on its Consolidated Financial Statements and related disclosures.

In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (“ASU No. 2017-12”) which provides guidance for reporting the economic results of hedging activities and to simplify the disclosures of risk exposures and hedging strategies. ASU No. 2017-12 will be effective for the Company in 2019, with early adoption permitted and is not expected to have a material impact on the Company’s Consolidated Financial Statements and related disclosures.

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.

Revenue Recognition

6 Months Ended

Jul. 01, 2018

Revenue Recognition [Abstract]

Revenue Recognition

The Company records food and beverage revenues, net of discounts and taxes, upon delivery to the customer. Franchise-related revenues are included in Franchise and other revenues in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income. Royalties, which are a percentage of net sales of the franchisee, are recognized as revenue in the period which the sales are reported to have occurred. The following table includes the categories of revenue included in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
(dollars in thousands)			(Restated) (1)				(Restated) (1)
Revenues
Restaurant sales	$	1,015,484	$	1,021,184	$	2,114,487	$	2,165,015
Franchise and other revenues:
Franchise revenue	$	13,134	$	11,565	$	27,349	$	20,662
Other revenue	3,196		3,709		6,443		5,492
Total Franchise and other revenues	$	16,330	$	15,274	$	33,792	$	26,154
Total revenues	$	1,031,814	$	1,036,458	$	2,148,279	$	2,191,169

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

The following table includes the disaggregation of Restaurant sales and Franchise revenue, by restaurant concept and major international market, for the periods indicated:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018				JULY 1, 2018
(dollars in thousands)	RESTAURANT SALES		FRANCHISE REVENUE		RESTAURANT SALES		FRANCHISE REVENUE
U.S.
Outback Steakhouse (1)	$	521,719	$	10,157	$	1,093,198	$	21,231
Carrabba’s Italian Grill (1)	163,454		157		337,381		304
Bonefish Grill	149,054		233		305,903		473
Fleming’s Prime Steakhouse & Wine Bar	73,312		—		154,302		—
Other	1,398		—		2,497		—
U.S. Total	$	908,937	$	10,547	$	1,893,281	$	22,008
International
Outback Steakhouse-Brazil	$	87,809	$	—	$	182,932	$	—
Other	18,738		2,587		38,274		5,341
International Total	$	106,547	$	2,587	$	221,206	$	5,341
Total	$	1,015,484	$	13,134	$	2,114,487	$	27,349



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017				JUNE 25, 2017
(dollars in thousands)	RESTAURANT SALES		FRANCHISE REVENUE		RESTAURANT SALES		FRANCHISE REVENUE
U.S.	(Restated) (2)		(Restated) (2)		(Restated) (2)		(Restated) (2)
Outback Steakhouse (1)	$	519,060	$	8,731	$	1,130,535	$	14,965
Carrabba’s Italian Grill (1)	168,372		156		351,022		245
Bonefish Grill	150,743		258		314,387		517
Fleming’s Prime Steakhouse & Wine Bar	70,089		—		147,875		—
U.S. Total	$	908,264	$	9,145	$	1,943,819	$	15,727
International
Outback Steakhouse-Brazil	$	95,801	$	—	$	186,691	$	—
Other	17,119		2,420		34,505		4,935
International Total	$	112,920	$	2,420	$	221,196	$	4,935
Total	$	1,021,184	$	11,565	$	2,165,015	$	20,662

____________________


(1)	In 2017, the Company sold 53 Outback Steakhouse restaurants and one Carrabba’s Italian Grill restaurant, which are now operated as franchises.


(2)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Gift Card Revenue - Proceeds from the sale of gift cards, which do not have expiration dates, are recorded as deferred revenue and recognized as revenue upon redemption by the customer. Gift cards sold at a discount are recorded as revenue upon redemption of the associated gift cards at an amount net of the related discount. Gift card breakage, the amount of gift cards which will not be redeemed, is recognized using estimates based on historical redemption patterns. If actual redemptions vary from the estimated breakage, gift card breakage income may differ from the amount recorded. The Company periodically updates its estimates used for breakage. Gift card sales that are accompanied by a bonus card to be used by the customer at a future visit result in a separate deferral of a portion of the original gift card sale. Revenue is recorded when the bonus card is redeemed at the estimated fair market value of the bonus card. Approximately 87% of the current deferred gift card revenue is expected to be recognized over the next 12 months.

Gift card sales commissions paid to third-party providers are initially capitalized and subsequently amortized to Other restaurant operating expenses based on historical gift card redemption patterns.

Advertising Fees - Advertising fees charged to franchisees are recognized as Franchise revenue in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income.

Franchise Fees - Initial franchise and renewal fees are recognized over the term of the franchise agreement and renewal period, respectively. The weighted average remaining term of franchise agreements and renewal periods was approximately 15 years as of July 1, 2018.

Loyalty Program - The Company maintains a customer loyalty program, Dine Rewards, in the U.S., where customers have the ability to earn a reward after a number of qualified visits. The Company has developed an estimated value of the partial reward earned from each qualified visit, which is recorded as deferred revenue. Each reward has a maximum value and must be redeemed within three months of earning such reward. The revenue associated with the fair value of the qualified visit is recognized upon the earlier of redemption or expiration of the reward. The Company applies the practical expedient to exclude disclosures regarding loyalty program remaining performance obligations which have original expected durations of one year or less.

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)	JULY 1, 2018		DECEMBER 31, 2017
Other current assets, net
Deferred gift card sales commissions	$	9,175	$	16,231

Unearned revenue
Deferred gift card revenue (1)	$	213,286	$	323,628
Deferred loyalty revenue	8,145		6,667
Deferred franchise fees - current (1)	495		461
Total Unearned revenue	$	221,926	$	330,756

Other long-term liabilities, net
Deferred franchise fees - non-current (1)	$	4,661	$	4,698

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09 on the Company’s Consolidated Balance Sheet as of December 31, 2017.

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)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Balance, beginning of period	$	10,039		$	10,226		$	16,231		$	15,584
Deferred gift card sales commissions amortization	(5,804		)	(5,854		)	(15,219		)	(13,756		)
Deferred gift card sales commissions capitalization	5,400			5,060			9,258			8,790
Other	(460		)	(14		)	(1,095		)	(1,200		)
Balance, end of period	$	9,175		$	9,418		$	9,175		$	9,418

The Company applies the portfolio approach practical expedient to account for gift card contracts and performance obligations. 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)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Balance, beginning of period	$	227,783		$	217,872		$	323,628		$	331,803
Gift card sales	78,837			80,376			135,122			139,246
Gift card redemptions	(88,496		)	(91,482		)	(233,052		)	(255,635		)
Gift card breakage (1)	(4,838		)	(4,961		)	(12,412		)	(13,609		)
Balance, end of period	$	213,286		$	201,805		$	213,286		$	201,805

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09 for the thirteen and twenty-six weeks ended June 25, 2017.

Impairment and Exit Costs

6 Months Ended

Jul. 01, 2018

Impairments and Disposals [Abstract]

Impairments and Exit Costs

The components of Provision for impaired assets and restaurant closings are as follows:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Impairment losses
U.S.	$	284	$	12	$	395	$	932
International	4,437		—		6,597		—
Total impairment losses	$	4,721	$	12	$	6,992	$	932
Restaurant closure expenses
U.S.	$	674	$	586	$	1,022	$	18,742
International	3,494		—		3,614		—
Total restaurant closure expenses	$	4,168	$	586	$	4,636	$	18,742
Provision for impaired assets and restaurant closings	$	8,889	$	598	$	11,628	$	19,674

Closure Initiatives - Since February 2017, the Company decided to close certain underperforming restaurants in the U.S. and certain Abbraccio restaurants outside of the core markets of São Paulo and Rio de Janeiro in Brazil and in 2016 the Company decided to close certain Bonefish Grill restaurants (collectively, the “Closure Initiatives”). Following is a summary of expenses related to the Closure Initiatives recognized in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:



	INCOME STATEMENT LOCATION	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
(dollars in thousands)	INCOME STATEMENT LOCATION	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Impairment, facility closure and other expenses (1)	Provision for impaired assets and restaurant closings	$	1,607		$	(244	)	$	1,632		$	18,012
Severance and other expenses	General and administrative	110			766			232			2,948
Reversal of deferred rent liability	Other restaurant operating	(147		)	180			(147		)	(4,761		)
Total		$	1,570		$	702		$	1,717		$	16,199

________________


(1)	The Company recognized asset impairment and closure charges of $1.0 million within the International segment related to the Closure Initiatives during the thirteen and twenty-six weeks ended July 1, 2018. All other asset impairment and closure charges for the periods presented were recognized within the U.S. segment.

International Restructuring - During the thirteen and twenty-six weeks ended July 1, 2018, the Company recognized asset impairment and closure charges of $6.9 million and $9.2 million, respectively, related to the restructuring of certain international markets, including China.

The remaining restaurant impairment and closing charges resulted primarily from the carrying value of a restaurant’s assets exceeding its estimated fair market value, primarily due to locations identified for remodel, relocation or closure.

Projected Future Expenses and Cash Expenditures - The Company expects to incur additional charges for the Closure Initiatives through Q3 2019, including costs associated with lease obligations, employee terminations and other closure-related obligations. Following is a summary of remaining estimated pre-tax expense and future cash expenditures, by type, as of July 1, 2018:



Estimated future expense (dollars in millions)	CLOSURE INITIATIVES
Lease related liabilities, net of subleases	$	2.9	to	$	3.4
Employee severance and other obligations	0.3		to	0.6
Total estimated future expense	$	3.2	to	$	4.0

Total estimated future cash expenditures (dollars in millions)	$	22.3	to	$	27.4

Total future undiscounted cash expenditures for the Closure Initiatives, primarily related to lease liabilities, are expected to occur over the remaining lease terms with the final term ending in January 2029.

Accrued Facility Closure and Other Costs Rollforward - The following table summarizes the Company’s accrual activity related to facility closure and other costs, primarily associated with the Closure Initiatives, during the twenty-six weeks ended July 1, 2018:



	TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018
Balance, beginning of the period	$	22,709
Charges	8,071
Cash payments	(8,186		)
Adjustments	(3,435		)
Balance, end of the period (1)	$	19,159

________________


(1)	As of July 1, 2018, the Company had exit-related accruals of $6.0 million recorded in Accrued and other current liabilities and $13.2 million recorded in Other long-term liabilities, net in the Consolidated Balance Sheet.

Earnings Per Share

6 Months Ended

Jul. 01, 2018

Earnings Per Share [Abstract]

Earnings Per Share

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



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
(in thousands, except per share data)			(Restated) (1)				(Restated) (1)
Net income attributable to Bloomin’ Brands	$	26,721	$	35,133	$	92,119	$	83,758

Basic weighted average common shares outstanding	92,120		98,852		92,194		100,963

Effect of diluted securities:
Stock options	1,861		3,128		2,406		3,030
Nonvested restricted stock and restricted stock units	380		433		452		394
Nonvested performance-based share units	—		8		20		30
Diluted weighted average common shares outstanding	94,361		102,421		95,072		104,417

Basic earnings per share	$	0.29	$	0.36	$	1.00	$	0.83
Diluted earnings per share	$	0.28	$	0.34	$	0.97	$	0.80

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the Net income and Earnings per share impact of implementing ASU No. 2014-09.

Dilutive securities outstanding not included in the computation of earnings per share because their effect was antidilutive were as follows:



	THIRTEEN WEEKS ENDED		TWENTY-SIX WEEKS ENDED
(shares in thousands)	JULY 1, 2018	JUNE 25, 2017	JULY 1, 2018	JUNE 25, 2017
Stock options	2,133	5,359	2,041	5,462
Nonvested restricted stock and restricted stock units	16	153	63	172
Nonvested performance-based share units	197	262	180	317

Stock-based Compensation Plans

6 Months Ended

Jul. 01, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-based Compensation Plans

The Company recognized stock-based compensation expense as follows:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Stock options	$	1,628	$	2,944	$	3,526	$	5,699
Restricted stock and restricted stock units	2,455		2,689		4,787		5,242
Performance-based share units	1,874		820		2,470		1,236
	$	5,957	$	6,453	$	10,783	$	12,177

The following table presents a summary of the Company’s stock option activity:



(in thousands, except exercise price and contractual life)	OPTIONS		WEIGHTED- AVERAGE EXERCISE PRICE		WEIGHTED- AVERAGE REMAINING CONTRACTUAL LIFE (YEARS)	AGGREGATE INTRINSIC VALUE
Outstanding as of December 31, 2017	10,051		$	14.89	5.2	$	71,373
Granted	488		24.01
Exercised	(3,566	)	10.23
Forfeited or expired	(178	)	20.47
Outstanding as of July 1, 2018	6,795		$	17.85	5.9	$	25,734
Exercisable as of July 1, 2018	4,461		$	17.02	4.6	$	21,278

Assumptions used in the Black-Scholes option pricing model and the weighted-average fair value of option awards granted were as follows:



	TWENTY-SIX WEEKS ENDED
	JULY 1, 2018			JUNE 25, 2017
Assumptions:
Weighted-average risk-free interest rate (1)	2.66		%	1.93		%
Dividend yield (2)	1.50		%	1.84		%
Expected term (3)	5.8 years			6.3 years
Weighted-average volatility (4)	32.76		%	33.73		%

Weighted-average grant date fair value per option	$	7.23		$	5.09

________________


(1)	Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for periods within the expected term of the option.


(2)	Dividend yield is the level of dividends expected to be paid on the Company’s common stock over the expected term of the option.


(3)	Expected term represents the period of time that the options are expected to be outstanding. The Company estimates the expected term based on historical exercise experience for its stock options.


(4)	Based on the historical volatility of the Company’s stock.

The following represents stock option compensation information for the periods indicated:



	TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017
Intrinsic value of options exercised	$	48,044	$	7,588
Excess tax benefits for tax deductions related to the exercise of stock options	$	7,837	$	1,299
Cash received from option exercises, net of tax withholding	$	36,460	$	6,835

During the twenty-six weeks ended July 1, 2018, the Company made grants to its employees of 0.4 million time-based restricted stock units and 0.2 million performance-based share units.

The following represents unrecognized stock compensation expense and the remaining weighted-average vesting period as of July 1, 2018:



	UNRECOGNIZED COMPENSATION EXPENSE (dollars in thousands)		REMAINING WEIGHTED-AVERAGE VESTING PERIOD (in years)
Stock options	$	11,518	2.5
Restricted stock units	$	19,683	2.7
Performance-based share units	$	9,435	1.3

As of July 1, 2018, the maximum number of shares of common stock available for issuance pursuant to the Bloomin’ Brands, Inc. 2016 Omnibus Incentive Compensation Plan was 4,271,424.

Other Current Assets, Net

6 Months Ended

Jul. 01, 2018

Other Current Assets, Net [Abstract]

Other Current Assets, Net

Other current assets, net, consisted of the following:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017
Prepaid expenses	$	43,105	$	40,688
Accounts receivable - gift cards, net	17,339		66,361
Accounts receivable - vendors, net	7,895		19,483
Accounts receivable - franchisees, net	2,055		2,017
Accounts receivable - other, net	18,886		22,808
Deferred gift card sales commissions	9,175		16,231
Assets held for sale	5,606		6,217
Other current assets, net	9,147		5,597
	$	113,208	$	179,402

Accrued and Other Current Liabilities

6 Months Ended

Jul. 01, 2018

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and other current liabilities consisted of the following:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017
Accrued payroll and other compensation	$	86,447	$	113,636
Accrued insurance	23,765		23,482
Other current liabilities	108,270		133,722
	$	218,482	$	270,840

Long-term Debt, Net

6 Months Ended

Jul. 01, 2018

Debt Disclosure [Abstract]

Long-term Debt, Net

Following is a summary of outstanding long-term debt:



	JULY 1, 2018					DECEMBER 31, 2017
(dollars in thousands)	OUTSTANDING BALANCE			INTEREST RATE		OUTSTANDING BALANCE			INTEREST RATE
Senior Secured Credit Facility:
Term loan A (1)	$	487,500		3.78	%	$	500,000		3.27	%
Revolving credit facility (1)	633,500			3.77	%	600,000			3.26	%
Total Senior Secured Credit Facility	$	1,121,000				$	1,100,000
Financing obligations	19,571			7.66% to 7.82%		19,579			7.52% to 7.82%
Capital lease obligations	2,958					2,015
Other notes payable	141			1.03% to 2.18%		904			0.00% to 2.18%
Less: unamortized debt discount and issuance costs	(3,941		)			(4,394		)
Total debt, net	$	1,139,729				$	1,118,104
Less: current portion of long-term debt	(25,964		)			(26,335		)
Long-term debt, net	$	1,113,765				$	1,091,769

________________


(1)	Represents the weighted-average interest rate for the respective period.

Debt Covenants - As of July 1, 2018 and December 31, 2017, the Company was in compliance with its debt covenants.

Stockholders' Equity

6 Months Ended

Jul. 01, 2018

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity

Stockholders’ Equity

Share Repurchases - On February 16, 2018, the Company’s Board of Directors (the “Board”) canceled the remaining $55.0 million of authorization under the 2017 Share Repurchase Program and approved a new $150.0 million authorization (the “2018 Share Repurchase Program”). The 2018 Share Repurchase Program will expire on August 16, 2019. As of July 1, 2018, $69.0 million remained available for repurchase under the 2018 Share Repurchase Program. Following is a summary of the shares repurchased under the Company’s share repurchase program during fiscal year 2018:



	NUMBER OF SHARES (in thousands)	AVERAGE REPURCHASE PRICE PER SHARE		AMOUNT (dollars in thousands)
First fiscal quarter	2,116	$	24.10	$	50,996
Second fiscal quarter	1,287	$	23.31	30,004
Total common stock repurchases	3,403	$	23.80	$	81,000

Dividends - The Company declared and paid dividends per share during fiscal year 2018 as follows:



	DIVIDENDS PER SHARE		AMOUNT (dollars in thousands)
First fiscal quarter	$	0.09	$	8,371
Second fiscal quarter	0.09		8,363
Total cash dividends declared and paid	$	0.18	$	16,734

In July 2018, the Board declared a quarterly cash dividend of $0.09 per share, payable on August 22, 2018, to shareholders of record at the close of business on August 9, 2018.

Accumulated Other Comprehensive Loss - Following are the components of Accumulated other comprehensive loss:



(dollars in thousands)	JULY 1, 2018			DECEMBER 31, 2017
Foreign currency translation adjustment	$	(127,609	)	$	(98,573	)
Unrealized gains (losses) on derivatives, net of tax	937			(626		)
Accumulated other comprehensive loss	$	(126,672	)	$	(99,199	)

Following are the components of the Company’s Other comprehensive (loss) income during the periods presented:



	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Foreign currency translation adjustment	$	(30,402	)	$	(9,176	)	$	(29,036	)	$	11,401

Unrealized gain (loss) on derivatives, net of tax (1)	$	296		$	(610	)	$	1,184		$	(509	)
Reclassification of adjustment for loss on derivatives included in Net income, net of tax (2)	71			643			379			1,427
Total unrealized gain on derivatives, net of tax	$	367		$	33		$	1,563		$	918
Other comprehensive (loss) income attributable to Bloomin’ Brands	$	(30,035	)	$	(9,143	)	$	(27,473	)	$	12,319

________________


(1)	Unrealized gain (loss) on derivatives is net of tax of $0.1 million and $(0.4) million for the thirteen weeks ended July 1, 2018 and June 25, 2017, respectively, and $0.4 million and ($0.3) million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.


(2)	Reclassifications of adjustments for losses on derivatives are net of tax of $0.4 million for the thirteen weeks ended June 25, 2017 and $0.1 million and $0.9 million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.

Derivative Instruments and Hedging Activities

6 Months Ended

Jul. 01, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities

Cash Flow Hedges of Interest Rate Risk - On September 9, 2014, the Company entered into variable-to-fixed interest rate swap agreements with eight 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 $400.0 million, a start date of June 30, 2015, and mature on May 16, 2019. Under the terms of the swap agreements, the Company pays a weighted-average fixed rate of 2.02% on the $400.0 million notional amount and receives payments from the counterparty based on the 30-day LIBOR rate. The interest rate swaps, which have been designated and qualify as a cash flow hedge, are recognized on the Company’s Consolidated Balance Sheets at fair value and are classified based on the instruments’ maturity dates.

The following table presents the fair value and classification of the Company’s interest rate swaps:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017		CONSOLIDATED BALANCE SHEET CLASSIFICATION
Interest rate swaps - asset	$	1,162	$	—	Other current assets, net
Interest rate swaps - asset	—		67		Other assets, net
Total fair value of derivative instruments - assets (1)	$	1,162	$	67

Interest rate swaps - liability (1)	$	—	$	1,010	Accrued and other current liabilities

____________________


(1)	See Note 11 - Fair Value Measurements for fair value discussion of the interest rate swaps.

The following table summarizes the effects of the interest rate swaps on Net income for the periods indicated:



	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Interest rate swap expense recognized in Interest expense, net (1)	$	(95	)	$	(1,036	)	$	(510	)	$	(2,301	)
Income tax benefit recognized in Provision for income taxes	24			393			131			874
Total effects of the interest rate swaps on Net income	$	(71	)	$	(643	)	$	(379	)	$	(1,427	)

____________________


(1)	During the thirteen and twenty-six weeks ended July 1, 2018 and June 25, 2017, the Company did not recognize any gain or loss as a result of hedge ineffectiveness.

Fair Value Measurements

6 Months Ended

Jul. 01, 2018

Fair Value Disclosures [Abstract]

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 dates indicated:



	JULY 1, 2018						DECEMBER 31, 2017
(dollars in thousands)	TOTAL		LEVEL 1		LEVEL 2		TOTAL		LEVEL 1		LEVEL 2
Assets:
Cash equivalents:
Fixed income funds	$	5,360	$	5,360	$	—	$	1,830	$	1,830	$	—
Money market funds	10,367		10,367		—		24,656		24,656		—
Restricted cash equivalents:
Money market funds	4,521		4,521		—		1,280		1,280		—
Other current assets, net
Derivative instruments - interest rate swaps	1,162		—		1,162		—		—		—
Other assets, net:
Derivative instruments - interest rate swaps	—		—		—		67		—		67
Total asset recurring fair value measurements	$	21,410	$	20,248	$	1,162	$	27,833	$	27,766	$	67

Liabilities:
Accrued and other current liabilities:
Derivative instruments - interest rate swaps	$	—	$	—	$	—	$	1,010	$	—	$	1,010
Total liability recurring fair value measurements	$	—	$	—	$	—	$	1,010	$	—	$	1,010

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 when performing fair value measurements. As of July 1, 2018 and December 31, 2017, 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, goodwill and other intangible assets, which are remeasured when carrying value exceeds fair value. The following table summarizes the Company’s assets measured at fair value by hierarchy level on a nonrecurring basis:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018				JULY 1, 2018
(dollars in thousands)	CARRYING VALUE (1)		TOTAL IMPAIRMENT		CARRYING VALUE (1)		TOTAL IMPAIRMENT
Assets held for sale	$	—	$	—	$	50	$	50
Property, fixtures and equipment	1,060		4,721		1,380		6,942
	$	1,060	$	4,721	$	1,430	$	6,992

	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017				JUNE 25, 2017
(dollars in thousands)	CARRYING VALUE (1)		TOTAL IMPAIRMENT		CARRYING VALUE (1)		TOTAL IMPAIRMENT
Assets held for sale	$	—	$	—	$	400	$	70
Property, fixtures and equipment	—		12		1,067		862
	$	—	$	12	$	1,467	$	932

________________


(1)	Carrying value approximates fair value with all assets measured using third-party market appraisals or purchase contracts (Level 2).

Interim Disclosures about Fair Value of Financial Instruments - The Company’s non-derivative financial instruments consist of cash equivalents, restricted cash, accounts receivable, accounts payable and current and long-term debt. The fair values of cash equivalents, restricted cash, accounts receivable and accounts payable approximate their carrying amounts reported in the 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 dates indicated:



	JULY 1, 2018						DECEMBER 31, 2017
	CARRYING VALUE		FAIR VALUE				CARRYING VALUE		FAIR VALUE
(dollars in thousands)	CARRYING VALUE		LEVEL 2		LEVEL 3		CARRYING VALUE		LEVEL 2		LEVEL 3
Senior Secured Credit Facility:
Term loan A	$	487,500	$	486,281	$	—	$	500,000	$	502,500	$	—
Revolving credit facility	$	633,500	$	631,916	$	—	$	600,000	$	598,500	$	—
Other notes payable	$	141	$	—	$	135	$	904	$	—	$	891

Fair value of debt is determined based on the following:



DEBT FACILITY		METHODS AND ASSUMPTIONS
Senior Secured Credit Facility		Quoted market prices in inactive markets.
Other notes payable		Discounted cash flow approach with inputs that primarily include cost of debt interest rates used to determine fair value.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes

6 Months Ended

Jul. 01, 2018

Income Tax Disclosure [Abstract]

Income Taxes



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Effective income tax rate	(23.7	)%	7.7	%	(3.6	)%	19.7	%

The effective income tax rate for the thirteen and twenty-six weeks ended July 1, 2018 decreased by 31.4 and 23.3 percentage points as compared to the thirteen and twenty-six weeks ended June 25, 2017, respectively. The decrease is primarily due to the reduction in the U.S. federal corporate tax rate from 35% to 21% as part of the legislation enacted in December 2017 known as the Tax Cuts and Jobs Act (the “Tax Act”), lower forecasted pre-tax income and excess tax benefits from equity-based compensation arrangements recorded in 2018, partially offset by a domestic manufacturing deduction recorded in 2017.

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 July 1, 2018 was lower than the statutory rate primarily due to the benefit of tax credits for FICA taxes on certain employees’ tips and excess tax benefits from equity-based compensation arrangements.

The Company has applied guidance under SEC Staff Accounting Bulletin No. 118 which allows for a measurement period up to one year after the December 22, 2017 enactment date of the Tax Act to complete the accounting requirements. As of July 1, 2018, the Company made reasonable estimates of the effects of the Tax Act but has not completed its accounting for all tax effects. A provisional $7.5 million net tax expense was recorded during 2017. With the exception of the retrospective adjustment for the January 2018 adoption of ASU No. 2014-09, no adjustments were made to these provisional amounts during the twenty-six weeks ended July 1, 2018. The Company is continuing to gather information and additional guidance is expected from the U.S. Treasury and state taxing authorities on the application of certain provisions of the Tax Act and will continue to make and refine its calculations as additional analysis is completed. The Company’s estimates may also be affected as it gains a more thorough understanding of the tax law. These changes could be material to income tax expense. The Company expects to complete its analysis within the year measurement period.

In connection with its analysis of the impact of the Tax Act, the Company recorded a provisional net tax expense of $7.5 million in December 2017, as described in the following table:



	FISCAL YEAR
(dollars in thousands)	2017
Transition Tax (provisional)	$	100
Net impact on U.S. deferred tax assets and liabilities (provisional) (1)	1,600
Net changes in deferred tax liability associated with anticipated repatriation taxes (provisional)	200
Impact from the adoption of ASU No. 2014-09 (provisional)	5,600
	$	7,500

________________


(1)	Includes $4.7 million of expense for a valuation allowance recorded against foreign tax credit carryforwards, $3.9 million of benefit from the impact of the corporate rate reduction on net deferred tax liability balances, and an expense of $0.8 million for the write-off of certain deferred tax assets that will no longer be realized.

Items considered provisional include:

Reduction of U.S. Federal Corporate Income Tax Rate - The Tax Act reduced the corporate income tax rate to 21%, effective January 1, 2018. While the Company is able to make a reasonable estimate of the impact of the reduction in corporate rate on its deferred tax assets and liabilities, it may be affected by other analyses related to the Tax Act, including, but not limited to, its calculation of deemed repatriation of deferred foreign income and the state tax effect of adjustments made to federal temporary differences.

Deemed Repatriation Transition Tax - The Deemed Repatriation Transition Tax (“Transition Tax”) is a tax on previously untaxed accumulated and current earnings and profits (“E&P”) of the Company’s foreign subsidiaries. To determine the amount of the Transition Tax, the Company must determine, in addition to other factors, the amount of post-1986 E&P of the relevant subsidiaries, as well as the amount of non-U.S. income taxes paid on such earnings. The Company is able to make a reasonable estimate of the Transition Tax and recorded a provisional amount. Due to the ability to utilize foreign tax credits in the calculation of the Transition Tax, the obligation primarily related to the estimated state impacts. However, the Company is continuing to gather additional information. Additional guidance from the U.S. Treasury and state taxing authorities on the application of certain provisions of the Tax Act is expected in the future.

Valuation Allowances - The Company must assess whether its valuation allowance analyses or deferred tax assets are affected by various aspects of the Tax Act (e.g., deemed repatriation of deferred foreign income, global intangible low-taxed income (“GILTI”) inclusions and new categories of foreign tax credits). While the Company did record an additional valuation allowance against foreign tax credit carryforwards, the Company has recorded provisional amounts related to certain portions of the Tax Act and any corresponding determination of the need for a change in a valuation allowance is also provisional.

For tax years beginning after December 31, 2017, the Tax Act subjects a U.S. shareholder to tax on GILTI earned by certain foreign subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred. As of July 1, 2018, the Company has not yet determined its accounting policy with regard to GILTI, and does not expect GILTI in 2018.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 01, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Other Matters - The Company had $3.5 million and $4.3 million of liabilities recorded for various legal matters as of July 1, 2018 and December 31, 2017, respectively. 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 and are generally covered by insurance if they exceed specified retention or deductible amounts. In the opinion of management, the amount of ultimate liability with respect to those actions will not have a material adverse impact on the Company’s financial position or results of operations and cash flows. Lease Guarantees - The Company assigned its interest, and is contingently liable, under certain real estate leases. These leases have varying terms, the latest of which expires in 2032. As of July 1, 2018, the undiscounted payments the Company could be required to make in the event of non-payment by the primary lessees was approximately $27.2 million. The present value of these potential payments discounted at the Company’s incremental borrowing rate as of July 1, 2018 was approximately $18.7 million. In the event of default, the indemnity clauses in the Company’s purchase and sale agreements govern its ability to pursue and recover damages incurred. The Company believes the financial strength and operating history of the lessees’ significantly reduces the risk that it will be required to make payments under these leases. Accordingly, no liability has been recorded.

Segment Reporting

6 Months Ended

Jul. 01, 2018

Segment Reporting [Abstract]

Segment Reporting

The Company has two reportable segments, U.S. and International, which reflects how the Company manages its business, reviews operating performance and allocates resources. The U.S. segment includes all brands operating in the U.S. while brands operating outside the U.S. are included in the International segment. 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”). Following is a summary of reporting segments:



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
International	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 31, 2017. Revenues for all segments include only transactions with customers and exclude intersegment revenues. Excluded from net income from operations for U.S. and International are certain legal and corporate costs not directly related to the performance of the segments, stock-based compensation expenses and certain bonus expenses.

The following table is a summary of Total revenue by segment:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
(dollars in thousands)			(Restated) (1)				(Restated) (1)
Total revenues
U.S.	$	922,355	$	920,796	$	1,921,062	$	1,964,469
International	109,459		115,662		227,217		226,700
Total revenues	$	1,031,814	$	1,036,458	$	2,148,279	$	2,191,169

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

The following table is a reconciliation of Segment income (loss) from operations to Income before (benefit) provision for income taxes:



	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
(dollars in thousands)				(Restated) (1)						(Restated) (1)
Segment income (loss) from operations
U.S.	$	76,913		$	74,207		$	186,047		$	183,024
International	(2,049		)	9,728			6,276			18,363
Total segment income from operations	74,864			83,935			192,323			201,387
Unallocated corporate operating expense	(41,940		)	(42,593		)	(81,028		)	(83,211		)
Total income from operations	32,924			41,342			111,295			118,176
Loss on extinguishment and modification of debt	—			(260		)	—			(260		)
Other (expense) income, net	(6		)	7,281			(5		)	7,230
Interest expense, net	(11,319		)	(9,543		)	(21,629		)	(18,684		)
Income before (benefit) provision for income taxes	$	21,599		$	38,820		$	89,661		$	106,462

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

The following table is a summary of Depreciation and amortization expense by segment:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Depreciation and amortization
U.S.	$	39,993	$	37,406	$	79,267	$	74,006
International	6,714		7,014		13,446		13,514
Corporate	4,075		3,643		8,189		7,133
Total depreciation and amortization	$	50,782	$	48,063	$	100,902	$	94,653

Geographic Areas — International assets are defined as assets residing in a country other than the U.S. The following table details long-lived assets, excluding goodwill, intangible assets and deferred tax assets, by major geographic area:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017
U.S.	$	1,129,623	$	1,164,322
International
Brazil	115,887		126,341
Other	18,290		18,012
Total assets	$	1,263,800	$	1,308,675

Description of the Business and Basis of Presentation (Policies)

6 Months Ended

Jul. 01, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

Recently Issued Financial Accounting Standards

The following table includes a restatement of the Company’s Consolidated Statement of Operations for the retrospective adoption of ASU No. 2014-09 during the periods indicated:



	THIRTEEN WEEKS ENDED							TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017							JUNE 25, 2017
(dollars in thousands, except per share data)	AS REPORTED		2014-09 IMPACT			AS RESTATED		AS REPORTED		2014-09 IMPACT		AS RESTATED
Revenues
Restaurant sales	$	1,019,957	$	1,227		$	1,021,184	$	2,155,445	$	9,570	$	2,165,015
Franchise and other revenues	13,025		2,249			15,274		21,360		4,794		26,154
Total revenues	$	1,032,982	$	3,476		$	1,036,458	$	2,176,805	$	14,364	$	2,191,169
Costs and expenses
Other restaurant operating	$	244,124	$	4,288		$	248,412	$	492,064	$	7,472	$	499,536
Income from operations	$	42,154	$	(812	)	$	41,342	$	111,284	$	6,892	$	118,176
Income before provision for income taxes	$	39,632	$	(812	)	$	38,820	$	99,570	$	6,892	$	106,462
Provision for income taxes	$	3,303	$	(315	)	$	2,988	$	18,318	$	2,674	$	20,992
Net income	$	36,329	$	(497	)	$	35,832	$	81,252	$	4,218	$	85,470
Net income attributable to Bloomin’ Brands	$	35,630	$	(497	)	$	35,133	$	79,540	$	4,218	$	83,758

Basic earnings per share	$	0.36	$	(0.01	)	$	0.36	$	0.79	$	0.04	$	0.83
Diluted earnings per share	$	0.35	$	—		$	0.34	$	0.76	$	0.04	$	0.80

The following table includes a restatement of the Company’s Consolidated Balance Sheet as of December 31, 2017 for the retrospective adoption of ASU No. 2014-09:



	DECEMBER 31, 2017
(dollars in thousands)	AS REPORTED			2014-09 IMPACT			AS RESTATED
ASSETS
Deferred income tax assets, net	$	71,499		$	(11,013	)	$	60,486
Total assets	$	2,572,907		$	(11,013	)	$	2,561,894
LIABILITIES AND STOCKHOLDERS’ EQUITY
Unearned revenue
Deferred gift card revenue	$	371,455		$	(47,827	)	$	323,628
Deferred loyalty revenue	6,667			—			6,667
Deferred franchise fees - current	105			356			461
Total Unearned revenue	$	378,227		$	(47,471	)	$	330,756
Total current liabilities	$	860,863		$	(47,471	)	$	813,392
Other long-term liabilities, net (1)	$	205,745		$	4,698		$	210,443
Total liabilities	$	2,523,436		$	(42,773	)	$	2,480,663
Bloomin’ Brands Stockholders’ Equity
Accumulated deficit	$	(944,951	)	$	31,760		$	(913,191	)
Total Bloomin’ Brands stockholders’ equity	$	38,582		$	31,760		$	70,342
Total stockholders’ equity	$	49,471		$	31,760		$	81,231
Total liabilities and stockholders’ equity	$	2,572,907		$	(11,013	)	$	2,561,894

____________________


(1)	Includes the non-current portion of deferred franchise fees.

See Note 2 - Revenue Recognition for required disclosures under ASU No. 2014-09.



	TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017
(dollars in thousands)	AS REPORTED			2016-18 IMPACT			AS RESTATED
Cash flows used in investing activities:
Decrease in restricted cash	$	14,969		$	(14,969	)	$	—
Increase in restricted cash	$	(5,957	)	$	5,957		$	—
Net cash used in investing activities	$	(24,589	)	$	(9,012	)	$	(33,601	)

Net decrease in cash, cash equivalents and restricted cash	$	(23,702	)	$	(9,010	)	$	(32,712	)
Cash, cash equivalents and restricted cash as of the beginning of the period	127,176			9,010			136,186
Cash, cash equivalents and restricted cash as of the end of the period	$	103,474		$	—		$	103,474

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.

Description of the Business and Basis of Presentation (Tables)

6 Months Ended

Jul. 01, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of new accounting pronouncements

The following table includes a restatement of the Company’s Consolidated Statement of Operations for the retrospective adoption of ASU No. 2014-09 during the periods indicated:



	THIRTEEN WEEKS ENDED							TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017							JUNE 25, 2017
(dollars in thousands, except per share data)	AS REPORTED		2014-09 IMPACT			AS RESTATED		AS REPORTED		2014-09 IMPACT		AS RESTATED
Revenues
Restaurant sales	$	1,019,957	$	1,227		$	1,021,184	$	2,155,445	$	9,570	$	2,165,015
Franchise and other revenues	13,025		2,249			15,274		21,360		4,794		26,154
Total revenues	$	1,032,982	$	3,476		$	1,036,458	$	2,176,805	$	14,364	$	2,191,169
Costs and expenses
Other restaurant operating	$	244,124	$	4,288		$	248,412	$	492,064	$	7,472	$	499,536
Income from operations	$	42,154	$	(812	)	$	41,342	$	111,284	$	6,892	$	118,176
Income before provision for income taxes	$	39,632	$	(812	)	$	38,820	$	99,570	$	6,892	$	106,462
Provision for income taxes	$	3,303	$	(315	)	$	2,988	$	18,318	$	2,674	$	20,992
Net income	$	36,329	$	(497	)	$	35,832	$	81,252	$	4,218	$	85,470
Net income attributable to Bloomin’ Brands	$	35,630	$	(497	)	$	35,133	$	79,540	$	4,218	$	83,758

Basic earnings per share	$	0.36	$	(0.01	)	$	0.36	$	0.79	$	0.04	$	0.83
Diluted earnings per share	$	0.35	$	—		$	0.34	$	0.76	$	0.04	$	0.80

The following table includes a restatement of the Company’s Consolidated Balance Sheet as of December 31, 2017 for the retrospective adoption of ASU No. 2014-09:



	DECEMBER 31, 2017
(dollars in thousands)	AS REPORTED			2014-09 IMPACT			AS RESTATED
ASSETS
Deferred income tax assets, net	$	71,499		$	(11,013	)	$	60,486
Total assets	$	2,572,907		$	(11,013	)	$	2,561,894
LIABILITIES AND STOCKHOLDERS’ EQUITY
Unearned revenue
Deferred gift card revenue	$	371,455		$	(47,827	)	$	323,628
Deferred loyalty revenue	6,667			—			6,667
Deferred franchise fees - current	105			356			461
Total Unearned revenue	$	378,227		$	(47,471	)	$	330,756
Total current liabilities	$	860,863		$	(47,471	)	$	813,392
Other long-term liabilities, net (1)	$	205,745		$	4,698		$	210,443
Total liabilities	$	2,523,436		$	(42,773	)	$	2,480,663
Bloomin’ Brands Stockholders’ Equity
Accumulated deficit	$	(944,951	)	$	31,760		$	(913,191	)
Total Bloomin’ Brands stockholders’ equity	$	38,582		$	31,760		$	70,342
Total stockholders’ equity	$	49,471		$	31,760		$	81,231
Total liabilities and stockholders’ equity	$	2,572,907		$	(11,013	)	$	2,561,894

____________________


(1)	Includes the non-current portion of deferred franchise fees.

New accounting pronouncement, early adoption



	TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017
(dollars in thousands)	AS REPORTED			2016-18 IMPACT			AS RESTATED
Cash flows used in investing activities:
Decrease in restricted cash	$	14,969		$	(14,969	)	$	—
Increase in restricted cash	$	(5,957	)	$	5,957		$	—
Net cash used in investing activities	$	(24,589	)	$	(9,012	)	$	(33,601	)

Net decrease in cash, cash equivalents and restricted cash	$	(23,702	)	$	(9,010	)	$	(32,712	)
Cash, cash equivalents and restricted cash as of the beginning of the period	127,176			9,010			136,186
Cash, cash equivalents and restricted cash as of the end of the period	$	103,474		$	—		$	103,474

Revenue Recognition (Tables)

6 Months Ended

Jul. 01, 2018

Schedule of principal transactions, revenue

The following table includes the categories of revenue included in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
(dollars in thousands)			(Restated) (1)				(Restated) (1)
Revenues
Restaurant sales	$	1,015,484	$	1,021,184	$	2,114,487	$	2,165,015
Franchise and other revenues:
Franchise revenue	$	13,134	$	11,565	$	27,349	$	20,662
Other revenue	3,196		3,709		6,443		5,492
Total Franchise and other revenues	$	16,330	$	15,274	$	33,792	$	26,154
Total revenues	$	1,031,814	$	1,036,458	$	2,148,279	$	2,191,169

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Disaggregation of revenue

The following table includes the disaggregation of Restaurant sales and Franchise revenue, by restaurant concept and major international market, for the periods indicated:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018				JULY 1, 2018
(dollars in thousands)	RESTAURANT SALES		FRANCHISE REVENUE		RESTAURANT SALES		FRANCHISE REVENUE
U.S.
Outback Steakhouse (1)	$	521,719	$	10,157	$	1,093,198	$	21,231
Carrabba’s Italian Grill (1)	163,454		157		337,381		304
Bonefish Grill	149,054		233		305,903		473
Fleming’s Prime Steakhouse & Wine Bar	73,312		—		154,302		—
Other	1,398		—		2,497		—
U.S. Total	$	908,937	$	10,547	$	1,893,281	$	22,008
International
Outback Steakhouse-Brazil	$	87,809	$	—	$	182,932	$	—
Other	18,738		2,587		38,274		5,341
International Total	$	106,547	$	2,587	$	221,206	$	5,341
Total	$	1,015,484	$	13,134	$	2,114,487	$	27,349



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017				JUNE 25, 2017
(dollars in thousands)	RESTAURANT SALES		FRANCHISE REVENUE		RESTAURANT SALES		FRANCHISE REVENUE
U.S.	(Restated) (2)		(Restated) (2)		(Restated) (2)		(Restated) (2)
Outback Steakhouse (1)	$	519,060	$	8,731	$	1,130,535	$	14,965
Carrabba’s Italian Grill (1)	168,372		156		351,022		245
Bonefish Grill	150,743		258		314,387		517
Fleming’s Prime Steakhouse & Wine Bar	70,089		—		147,875		—
U.S. Total	$	908,264	$	9,145	$	1,943,819	$	15,727
International
Outback Steakhouse-Brazil	$	95,801	$	—	$	186,691	$	—
Other	17,119		2,420		34,505		4,935
International Total	$	112,920	$	2,420	$	221,196	$	4,935
Total	$	1,021,184	$	11,565	$	2,165,015	$	20,662

____________________


(1)	In 2017, the Company sold 53 Outback Steakhouse restaurants and one Carrabba’s Italian Grill restaurant, which are now operated as franchises.


(2)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

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)	JULY 1, 2018		DECEMBER 31, 2017
Other current assets, net
Deferred gift card sales commissions	$	9,175	$	16,231

Unearned revenue
Deferred gift card revenue (1)	$	213,286	$	323,628
Deferred loyalty revenue	8,145		6,667
Deferred franchise fees - current (1)	495		461
Total Unearned revenue	$	221,926	$	330,756

Other long-term liabilities, net
Deferred franchise fees - non-current (1)	$	4,661	$	4,698

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09 on the Company’s Consolidated Balance Sheet as of December 31, 2017.

Other current assets, net [Member]

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)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Balance, beginning of period	$	10,039		$	10,226		$	16,231		$	15,584
Deferred gift card sales commissions amortization	(5,804		)	(5,854		)	(15,219		)	(13,756		)
Deferred gift card sales commissions capitalization	5,400			5,060			9,258			8,790
Other	(460		)	(14		)	(1,095		)	(1,200		)
Balance, end of period	$	9,175		$	9,418		$	9,175		$	9,418

Unearned revenue [Member]

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)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Balance, beginning of period	$	227,783		$	217,872		$	323,628		$	331,803
Gift card sales	78,837			80,376			135,122			139,246
Gift card redemptions	(88,496		)	(91,482		)	(233,052		)	(255,635		)
Gift card breakage (1)	(4,838		)	(4,961		)	(12,412		)	(13,609		)
Balance, end of period	$	213,286		$	201,805		$	213,286		$	201,805

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09 for the thirteen and twenty-six weeks ended June 25, 2017.

Impairments and Exit Costs (Tables)

6 Months Ended

Jul. 01, 2018

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Provision for impaired assets and restaurant closings

The components of Provision for impaired assets and restaurant closings are as follows:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Impairment losses
U.S.	$	284	$	12	$	395	$	932
International	4,437		—		6,597		—
Total impairment losses	$	4,721	$	12	$	6,992	$	932
Restaurant closure expenses
U.S.	$	674	$	586	$	1,022	$	18,742
International	3,494		—		3,614		—
Total restaurant closure expenses	$	4,168	$	586	$	4,636	$	18,742
Provision for impaired assets and restaurant closings	$	8,889	$	598	$	11,628	$	19,674

Accrued facility closure and other costs rollforward

The following table summarizes the Company’s accrual activity related to facility closure and other costs, primarily associated with the Closure Initiatives, during the twenty-six weeks ended July 1, 2018:



	TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018
Balance, beginning of the period	$	22,709
Charges	8,071
Cash payments	(8,186		)
Adjustments	(3,435		)
Balance, end of the period (1)	$	19,159

________________


(1)	As of July 1, 2018, the Company had exit-related accruals of $6.0 million recorded in Accrued and other current liabilities and $13.2 million recorded in Other long-term liabilities, net in the Consolidated Balance Sheet.

Restructuring and restaurant closure initiatives [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal groups, including discontinued operations

Following is a summary of expenses related to the Closure Initiatives recognized in the Company’s Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated:



	INCOME STATEMENT LOCATION	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
(dollars in thousands)	INCOME STATEMENT LOCATION	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Impairment, facility closure and other expenses (1)	Provision for impaired assets and restaurant closings	$	1,607		$	(244	)	$	1,632		$	18,012
Severance and other expenses	General and administrative	110			766			232			2,948
Reversal of deferred rent liability	Other restaurant operating	(147		)	180			(147		)	(4,761		)
Total		$	1,570		$	702		$	1,717		$	16,199

________________


(1)	The Company recognized asset impairment and closure charges of $1.0 million within the International segment related to the Closure Initiatives during the thirteen and twenty-six weeks ended July 1, 2018. All other asset impairment and closure charges for the periods presented were recognized within the U.S. segment.

Closure Initiatives [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal groups, including discontinued operations

Following is a summary of remaining estimated pre-tax expense and future cash expenditures, by type, as of July 1, 2018:



Estimated future expense (dollars in millions)	CLOSURE INITIATIVES
Lease related liabilities, net of subleases	$	2.9	to	$	3.4
Employee severance and other obligations	0.3		to	0.6
Total estimated future expense	$	3.2	to	$	4.0

Total estimated future cash expenditures (dollars in millions)	$	22.3	to	$	27.4

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

Earnings Per Share (Tables)

6 Months Ended

Jul. 01, 2018

Earnings Per Share [Abstract]

Schedule of earnings per share, basic and diluted

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



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
(in thousands, except per share data)			(Restated) (1)				(Restated) (1)
Net income attributable to Bloomin’ Brands	$	26,721	$	35,133	$	92,119	$	83,758

Basic weighted average common shares outstanding	92,120		98,852		92,194		100,963

Effect of diluted securities:
Stock options	1,861		3,128		2,406		3,030
Nonvested restricted stock and restricted stock units	380		433		452		394
Nonvested performance-based share units	—		8		20		30
Diluted weighted average common shares outstanding	94,361		102,421		95,072		104,417

Basic earnings per share	$	0.29	$	0.36	$	1.00	$	0.83
Diluted earnings per share	$	0.28	$	0.34	$	0.97	$	0.80

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the Net income and Earnings per share impact of implementing ASU No. 2014-09.

Schedule of antidilutive securities excluded from computation of earnings per share

Dilutive securities outstanding not included in the computation of earnings per share because their effect was antidilutive were as follows:



	THIRTEEN WEEKS ENDED		TWENTY-SIX WEEKS ENDED
(shares in thousands)	JULY 1, 2018	JUNE 25, 2017	JULY 1, 2018	JUNE 25, 2017
Stock options	2,133	5,359	2,041	5,462
Nonvested restricted stock and restricted stock units	16	153	63	172
Nonvested performance-based share units	197	262	180	317

Stock-based Compensation Plans (Tables)

6 Months Ended

Jul. 01, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of compensation cost for share-based payment arrangements, allocation of share-based compensation costs by plan

The Company recognized stock-based compensation expense as follows:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Stock options	$	1,628	$	2,944	$	3,526	$	5,699
Restricted stock and restricted stock units	2,455		2,689		4,787		5,242
Performance-based share units	1,874		820		2,470		1,236
	$	5,957	$	6,453	$	10,783	$	12,177

Share-based compensation, stock options, activity

The following table presents a summary of the Company’s stock option activity:



(in thousands, except exercise price and contractual life)	OPTIONS		WEIGHTED- AVERAGE EXERCISE PRICE		WEIGHTED- AVERAGE REMAINING CONTRACTUAL LIFE (YEARS)	AGGREGATE INTRINSIC VALUE
Outstanding as of December 31, 2017	10,051		$	14.89	5.2	$	71,373
Granted	488		24.01
Exercised	(3,566	)	10.23
Forfeited or expired	(178	)	20.47
Outstanding as of July 1, 2018	6,795		$	17.85	5.9	$	25,734
Exercisable as of July 1, 2018	4,461		$	17.02	4.6	$	21,278

Schedule of share-based payment award, stock options, valuation assumptions

Assumptions used in the Black-Scholes option pricing model and the weighted-average fair value of option awards granted were as follows:



	TWENTY-SIX WEEKS ENDED
	JULY 1, 2018			JUNE 25, 2017
Assumptions:
Weighted-average risk-free interest rate (1)	2.66		%	1.93		%
Dividend yield (2)	1.50		%	1.84		%
Expected term (3)	5.8 years			6.3 years
Weighted-average volatility (4)	32.76		%	33.73		%

Weighted-average grant date fair value per option	$	7.23		$	5.09

________________


(1)	Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for periods within the expected term of the option.


(2)	Dividend yield is the level of dividends expected to be paid on the Company’s common stock over the expected term of the option.


(3)	Expected term represents the period of time that the options are expected to be outstanding. The Company estimates the expected term based on historical exercise experience for its stock options.


(4)	Based on the historical volatility of the Company’s stock.

Schedule of stock-based compensation information, stock options

The following represents stock option compensation information for the periods indicated:



	TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017
Intrinsic value of options exercised	$	48,044	$	7,588
Excess tax benefits for tax deductions related to the exercise of stock options	$	7,837	$	1,299
Cash received from option exercises, net of tax withholding	$	36,460	$	6,835

Schedule of unrecognized compensation cost, nonvested awards

The following represents unrecognized stock compensation expense and the remaining weighted-average vesting period as of July 1, 2018:



	UNRECOGNIZED COMPENSATION EXPENSE (dollars in thousands)		REMAINING WEIGHTED-AVERAGE VESTING PERIOD (in years)
Stock options	$	11,518	2.5
Restricted stock units	$	19,683	2.7
Performance-based share units	$	9,435	1.3

Other Current Assets, Net (Tables)

6 Months Ended

Jul. 01, 2018

Other Current Assets, Net [Abstract]

Schedule of other current assets

Other current assets, net, consisted of the following:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017
Prepaid expenses	$	43,105	$	40,688
Accounts receivable - gift cards, net	17,339		66,361
Accounts receivable - vendors, net	7,895		19,483
Accounts receivable - franchisees, net	2,055		2,017
Accounts receivable - other, net	18,886		22,808
Deferred gift card sales commissions	9,175		16,231
Assets held for sale	5,606		6,217
Other current assets, net	9,147		5,597
	$	113,208	$	179,402

Accrued and Other Current Liabilities (Tables)

6 Months Ended

Jul. 01, 2018

Payables and Accruals [Abstract]

Schedule of accrued and other current liabilities

Accrued and other current liabilities consisted of the following:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017
Accrued payroll and other compensation	$	86,447	$	113,636
Accrued insurance	23,765		23,482
Other current liabilities	108,270		133,722
	$	218,482	$	270,840

Long-term Debt, Net (Tables)

6 Months Ended

Jul. 01, 2018

Debt Disclosure [Abstract]

Schedule of long-term debt, net

Following is a summary of outstanding long-term debt:



	JULY 1, 2018					DECEMBER 31, 2017
(dollars in thousands)	OUTSTANDING BALANCE			INTEREST RATE		OUTSTANDING BALANCE			INTEREST RATE
Senior Secured Credit Facility:
Term loan A (1)	$	487,500		3.78	%	$	500,000		3.27	%
Revolving credit facility (1)	633,500			3.77	%	600,000			3.26	%
Total Senior Secured Credit Facility	$	1,121,000				$	1,100,000
Financing obligations	19,571			7.66% to 7.82%		19,579			7.52% to 7.82%
Capital lease obligations	2,958					2,015
Other notes payable	141			1.03% to 2.18%		904			0.00% to 2.18%
Less: unamortized debt discount and issuance costs	(3,941		)			(4,394		)
Total debt, net	$	1,139,729				$	1,118,104
Less: current portion of long-term debt	(25,964		)			(26,335		)
Long-term debt, net	$	1,113,765				$	1,091,769

________________


(1)	Represents the weighted-average interest rate for the respective period.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details

Stockholders' Equity (Tables)

6 Months Ended

Jul. 01, 2018

Stockholders' Equity Attributable to Parent [Abstract]

Schedule of repurchases of common stock

Following is a summary of the shares repurchased under the Company’s share repurchase program during fiscal year 2018:



	NUMBER OF SHARES (in thousands)	AVERAGE REPURCHASE PRICE PER SHARE		AMOUNT (dollars in thousands)
First fiscal quarter	2,116	$	24.10	$	50,996
Second fiscal quarter	1,287	$	23.31	30,004
Total common stock repurchases	3,403	$	23.80	$	81,000

Dividends declared and paid

The Company declared and paid dividends per share during fiscal year 2018 as follows:



	DIVIDENDS PER SHARE		AMOUNT (dollars in thousands)
First fiscal quarter	$	0.09	$	8,371
Second fiscal quarter	0.09		8,363
Total cash dividends declared and paid	$	0.18	$	16,734

Schedule of accumulated other comprehensive loss

Following are the components of Accumulated other comprehensive loss:



(dollars in thousands)	JULY 1, 2018			DECEMBER 31, 2017
Foreign currency translation adjustment	$	(127,609	)	$	(98,573	)
Unrealized gains (losses) on derivatives, net of tax	937			(626		)
Accumulated other comprehensive loss	$	(126,672	)	$	(99,199	)

Comprehensive income

Following are the components of the Company’s Other comprehensive (loss) income during the periods presented:



	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Foreign currency translation adjustment	$	(30,402	)	$	(9,176	)	$	(29,036	)	$	11,401

Unrealized gain (loss) on derivatives, net of tax (1)	$	296		$	(610	)	$	1,184		$	(509	)
Reclassification of adjustment for loss on derivatives included in Net income, net of tax (2)	71			643			379			1,427
Total unrealized gain on derivatives, net of tax	$	367		$	33		$	1,563		$	918
Other comprehensive (loss) income attributable to Bloomin’ Brands	$	(30,035	)	$	(9,143	)	$	(27,473	)	$	12,319

________________


(1)	Unrealized gain (loss) on derivatives is net of tax of $0.1 million and $(0.4) million for the thirteen weeks ended July 1, 2018 and June 25, 2017, respectively, and $0.4 million and ($0.3) million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.


(2)	Reclassifications of adjustments for losses on derivatives are net of tax of $0.4 million for the thirteen weeks ended June 25, 2017 and $0.1 million and $0.9 million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.

Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jul. 01, 2018

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 interest rate swaps:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017		CONSOLIDATED BALANCE SHEET CLASSIFICATION
Interest rate swaps - asset	$	1,162	$	—	Other current assets, net
Interest rate swaps - asset	—		67		Other assets, net
Total fair value of derivative instruments - assets (1)	$	1,162	$	67

Interest rate swaps - liability (1)	$	—	$	1,010	Accrued and other current liabilities

____________________


(1)	See Note 11 - 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 interest rate swaps on Net income for the periods indicated:



	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
Interest rate swap expense recognized in Interest expense, net (1)	$	(95	)	$	(1,036	)	$	(510	)	$	(2,301	)
Income tax benefit recognized in Provision for income taxes	24			393			131			874
Total effects of the interest rate swaps on Net income	$	(71	)	$	(643	)	$	(379	)	$	(1,427	)

____________________


(1)	During the thirteen and twenty-six weeks ended July 1, 2018 and June 25, 2017, the Company did not recognize any gain or loss as a result of hedge ineffectiveness.

Fair Value Measurements (Tables)

6 Months Ended

Jul. 01, 2018

Fair Value Disclosures [Abstract]

Fair value, financial instruments measured on nonrecurring basis, valuation techniques

Fair value of debt is determined based on the following:



DEBT FACILITY		METHODS AND ASSUMPTIONS
Senior Secured Credit Facility		Quoted market prices in inactive markets.
Other notes payable		Discounted cash flow approach with inputs that primarily include cost of debt interest rates used to determine fair value.

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 dates indicated:



	JULY 1, 2018						DECEMBER 31, 2017
(dollars in thousands)	TOTAL		LEVEL 1		LEVEL 2		TOTAL		LEVEL 1		LEVEL 2
Assets:
Cash equivalents:
Fixed income funds	$	5,360	$	5,360	$	—	$	1,830	$	1,830	$	—
Money market funds	10,367		10,367		—		24,656		24,656		—
Restricted cash equivalents:
Money market funds	4,521		4,521		—		1,280		1,280		—
Other current assets, net
Derivative instruments - interest rate swaps	1,162		—		1,162		—		—		—
Other assets, net:
Derivative instruments - interest rate swaps	—		—		—		67		—		67
Total asset recurring fair value measurements	$	21,410	$	20,248	$	1,162	$	27,833	$	27,766	$	67

Liabilities:
Accrued and other current liabilities:
Derivative instruments - interest rate swaps	$	—	$	—	$	—	$	1,010	$	—	$	1,010
Total liability recurring fair value measurements	$	—	$	—	$	—	$	1,010	$	—	$	1,010

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 when performing fair value measurements. As of July 1, 2018 and December 31, 2017, 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:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018				JULY 1, 2018
(dollars in thousands)	CARRYING VALUE (1)		TOTAL IMPAIRMENT		CARRYING VALUE (1)		TOTAL IMPAIRMENT
Assets held for sale	$	—	$	—	$	50	$	50
Property, fixtures and equipment	1,060		4,721		1,380		6,942
	$	1,060	$	4,721	$	1,430	$	6,992

	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JUNE 25, 2017				JUNE 25, 2017
(dollars in thousands)	CARRYING VALUE (1)		TOTAL IMPAIRMENT		CARRYING VALUE (1)		TOTAL IMPAIRMENT
Assets held for sale	$	—	$	—	$	400	$	70
Property, fixtures and equipment	—		12		1,067		862
	$	—	$	12	$	1,467	$	932

________________


(1)	Carrying value approximates fair value with all assets measured using third-party market appraisals or purchase contracts (Level 2).

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 dates indicated:



	JULY 1, 2018						DECEMBER 31, 2017
	CARRYING VALUE		FAIR VALUE				CARRYING VALUE		FAIR VALUE
(dollars in thousands)	CARRYING VALUE		LEVEL 2		LEVEL 3		CARRYING VALUE		LEVEL 2		LEVEL 3
Senior Secured Credit Facility:
Term loan A	$	487,500	$	486,281	$	—	$	500,000	$	502,500	$	—
Revolving credit facility	$	633,500	$	631,916	$	—	$	600,000	$	598,500	$	—
Other notes payable	$	141	$	—	$	135	$	904	$	—	$	891

Income Taxes (Tables)

6 Months Ended

Jul. 01, 2018

Schedule of effective income tax rate reconciliation



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Effective income tax rate	(23.7	)%	7.7	%	(3.6	)%	19.7	%

Tax Act [Member]

Schedule of impact of the Tax Act

In connection with its analysis of the impact of the Tax Act, the Company recorded a provisional net tax expense of $7.5 million in December 2017, as described in the following table:



	FISCAL YEAR
(dollars in thousands)	2017
Transition Tax (provisional)	$	100
Net impact on U.S. deferred tax assets and liabilities (provisional) (1)	1,600
Net changes in deferred tax liability associated with anticipated repatriation taxes (provisional)	200
Impact from the adoption of ASU No. 2014-09 (provisional)	5,600
	$	7,500

________________


(1)	Includes $4.7 million of expense for a valuation allowance recorded against foreign tax credit carryforwards, $3.9 million of benefit from the impact of the corporate rate reduction on net deferred tax liability balances, and an expense of $0.8 million for the write-off of certain deferred tax assets that will no longer be realized.

Segment Reporting (Tables)

6 Months Ended

Jul. 01, 2018

Segment Reporting [Abstract]

Schedule of segment reporting information, by segment

Following is a summary of reporting segments:



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
International	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 revenue by segment:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
(dollars in thousands)			(Restated) (1)				(Restated) (1)
Total revenues
U.S.	$	922,355	$	920,796	$	1,921,062	$	1,964,469
International	109,459		115,662		227,217		226,700
Total revenues	$	1,031,814	$	1,036,458	$	2,148,279	$	2,191,169

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Reconciliation of operating profit from segments to consolidated

The following table is a reconciliation of Segment income (loss) from operations to Income before (benefit) provision for income taxes:



	THIRTEEN WEEKS ENDED						TWENTY-SIX WEEKS ENDED
	JULY 1, 2018			JUNE 25, 2017			JULY 1, 2018			JUNE 25, 2017
(dollars in thousands)				(Restated) (1)						(Restated) (1)
Segment income (loss) from operations
U.S.	$	76,913		$	74,207		$	186,047		$	183,024
International	(2,049		)	9,728			6,276			18,363
Total segment income from operations	74,864			83,935			192,323			201,387
Unallocated corporate operating expense	(41,940		)	(42,593		)	(81,028		)	(83,211		)
Total income from operations	32,924			41,342			111,295			118,176
Loss on extinguishment and modification of debt	—			(260		)	—			(260		)
Other (expense) income, net	(6		)	7,281			(5		)	7,230
Interest expense, net	(11,319		)	(9,543		)	(21,629		)	(18,684		)
Income before (benefit) provision for income taxes	$	21,599		$	38,820		$	89,661		$	106,462

____________________


(1)	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Reconciliation of segment depreciation and amortization

The following table is a summary of Depreciation and amortization expense by segment:



	THIRTEEN WEEKS ENDED				TWENTY-SIX WEEKS ENDED
(dollars in thousands)	JULY 1, 2018		JUNE 25, 2017		JULY 1, 2018		JUNE 25, 2017
Depreciation and amortization
U.S.	$	39,993	$	37,406	$	79,267	$	74,006
International	6,714		7,014		13,446		13,514
Corporate	4,075		3,643		8,189		7,133
Total depreciation and amortization	$	50,782	$	48,063	$	100,902	$	94,653

Schedule of long-lived assets, by geographical areas

The following table details long-lived assets, excluding goodwill, intangible assets and deferred tax assets, by major geographic area:



(dollars in thousands)	JULY 1, 2018		DECEMBER 31, 2017
U.S.	$	1,129,623	$	1,164,322
International
Brazil	115,887		126,341
Other	18,290		18,012
Total assets	$	1,263,800	$	1,308,675

Description of the Business and Basis of Presentation Description of Business (Details)	Jul. 01, 2018 restraurant_concept
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of restaurant concepts in portfolio	4

Description of the Business and Basis of Presentation Adoption of New Accounting Procurements 2017-04 (Details) - USD ($)	3 Months Ended
	Jul. 01, 2018	Jun. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Goodwill, impairment loss	$ 0	$ 0
Impairment of intangible assets, indefinite-lived	$ 0	$ 0

Description of the Business and Basis of Presentation Adoption of New Accounting Procurements 2014-09 (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Apr. 01, 2018

Dec. 31, 2017

Mar. 26, 2017

Dec. 25, 2016

Dec. 27, 2015

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

$ 1,031,814

$ 1,036,458

^[1],[2]

$ 2,148,279

$ 2,191,169

^[1],[2]

238,379

248,412

491,724

499,536

Income before provision for income taxes

32,924

41,342

^[3]

111,295

118,176

^[3]

21,599

38,820

^[3]

89,661

106,462

^[3]

Provision for income taxes

(5,124)

2,988

(3,199)

20,992

26,723

35,832

92,860

85,470

$ 26,721

$ 35,133

^[4]

$ 92,119

$ 83,758

^[4]

$ 0.29

$ 0.36

^[4]

$ 1.00

$ 0.83

^[4]

$ 0.28

$ 0.34

^[4]

$ 0.97

$ 0.80

^[4]

$ 67,945

$ 60,486

2,389,866

2,561,894

221,926

330,756

631,170

813,392

192,400

210,443

^[5]

2,298,396

2,480,663

(902,038)

(913,191)

81,229

70,342

91,470

$ 136,156

91,470

$ 136,156

81,231

$ 226,063

Deferred gift card revenue [Member]

2,389,866

2,561,894

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Deferred loyalty revenue [Member]

213,286

201,805

213,286

201,805

$ 227,783

323,628

$ 217,872

331,803

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Deferred franchise fees [Member]

6,667

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

461

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Franchise and other revenue [Member]

1,015,484

1,021,184

^[1],[6]

2,114,487

2,165,015

^[1],[6]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Previously reported [Member]

16,330

15,274

^[1]

33,792

26,154

^[1]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

1,032,982

2,176,805

244,124

492,064

Income before provision for income taxes

42,154

111,284

39,632

99,570

Provision for income taxes

3,303

18,318

36,329

81,252

$ 35,630

$ 79,540

$ 0.36

$ 0.79

$ 0.35

$ 0.76

71,499

2,572,907

378,227

860,863

^[5]

205,745

2,523,436

(944,951)

38,582

49,471

Previously reported [Member] | Deferred gift card revenue [Member]

2,572,907

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Previously reported [Member] | Deferred loyalty revenue [Member]

371,455

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Previously reported [Member] | Deferred franchise fees [Member]

6,667

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Previously reported [Member] | Restaurant sales [Member]

105

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Previously reported [Member] | Franchise and other revenue [Member]

$ 1,019,957

$ 2,155,445

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Accumulated deficit [Member]

13,025

21,360

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adjustments for new accounting pronouncement [Member]

$ (902,038)

(856,720)

$ (902,038)

(856,720)

(913,191)

$ (756,070)

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

3,476

14,364

4,288

7,472

Income before provision for income taxes

(812)

6,892

(812)

6,892

Provision for income taxes

(315)

2,674

(497)

4,218

$ (497)

$ 4,218

$ (0.01)

$ 0.04

$ 0.00

$ 0.04

(11,013)

(11,013)

(47,471)

(47,471)

^[5]

4,698

(42,773)

31,760

31,760

31,760

Adjustments for new accounting pronouncement [Member] | Deferred gift card revenue [Member]

(11,013)

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adjustments for new accounting pronouncement [Member] | Deferred loyalty revenue [Member]

(47,827)

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adjustments for new accounting pronouncement [Member] | Deferred franchise fees [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adjustments for new accounting pronouncement [Member] | Restaurant sales [Member]

$ 356

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adjustments for new accounting pronouncement [Member] | Franchise and other revenue [Member]

$ 1,227

$ 9,570

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adjustments for new accounting pronouncement [Member] | Accumulated deficit [Member]

$ 2,249

$ 4,794

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Cumulative-effect of new accounting principle in period of adoption

$ 33,100

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[2]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[3]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[4]	See Note 1 - Description of the Business and Basis of Presentation for details of the Net income and Earnings per share impact of implementing ASU No. 2014-09.
[5]	Includes the non-current portion of deferred franchise fees.
[6]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Description of the Business and Basis of Presentation Adoption of New Accounting Procurements 2016-18 (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017
New Accounting Pronouncement, Early Adoption [Line Items]
Decrease in restricted cash		$ 0
Increase in restricted cash		0
Net cash used in investing activities	$ (81,944)	(33,601)
Net decrease in cash, cash equivalents and restricted cash	(43,328)	(32,712)
Cash, cash equivalents and restricted cash as of the beginning of the period	129,543	136,186
Cash, cash equivalents and restricted cash as of the end of the period	$ 86,215	103,474
Adjustments for new accounting principle, early adoption [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Decrease in restricted cash		(14,969)
Increase in restricted cash		5,957
Net cash used in investing activities		(9,012)
Net decrease in cash, cash equivalents and restricted cash		(9,010)
Cash, cash equivalents and restricted cash as of the beginning of the period		9,010
Cash, cash equivalents and restricted cash as of the end of the period		0
Previously reported [Member]
New Accounting Pronouncement, Early Adoption [Line Items]
Decrease in restricted cash		14,969
Increase in restricted cash		(5,957)
Net cash used in investing activities		(24,589)
Net decrease in cash, cash equivalents and restricted cash		(23,702)
Cash, cash equivalents and restricted cash as of the beginning of the period		127,176
Cash, cash equivalents and restricted cash as of the end of the period		$ 103,474

Revenue Recognition - Principal Revenue Transactions (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

^[1]

Jul. 01, 2018

Jun. 25, 2017

^[1]

$ 1,031,814

$ 1,036,458

^[2]

$ 2,148,279

$ 2,191,169

^[2]

Franchise and other revenue [Member]

1,015,484

1,021,184

^[3]

2,114,487

2,165,015

^[3]

16,330

15,274

33,792

26,154

Franchise [Member]

13,134

11,565

^[3]

27,349

20,662

^[3]

Other revenue [Member]

$ 3,196

$ 3,709

$ 6,443

$ 5,492

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[2]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[3]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Revenue Recognition - Disaggregated Revenue (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

$ 1,031,814

$ 1,036,458

^[1],[2]

$ 2,148,279

$ 2,191,169

^[1],[2]

U.S. segment [Member]

International segment [Member]

922,355

920,796

^[2]

1,921,062

1,964,469

^[2]

109,459

115,662

^[2]

227,217

226,700

^[2]

Restaurant sales [Member] | U.S. segment [Member]

1,015,484

1,021,184

^[1],[3]

2,114,487

2,165,015

^[1],[3]

Restaurant sales [Member] | International segment [Member]

908,937

908,264

^[3]

1,893,281

1,943,819

^[3]

Restaurant sales [Member] | Outback Steakhouse [Member]

106,547

112,920

^[3]

221,206

221,196

^[3]

Restaurant sales [Member] | Carrabba's Italian Grill [Member]

^[4]

521,719

519,060

^[3]

1,093,198

1,130,535

^[3]

Restaurant sales [Member] | Bonefish Grill [Member]

^[4]

163,454

168,372

^[3]

337,381

351,022

^[3]

Restaurant sales [Member] | Fleming's Prime Steakhouse & Wine Bar [Member]

149,054

150,743

^[3]

305,903

314,387

^[3]

Restaurant sales [Member] | Other - U.S. [Member]

73,312

70,089

^[3]

154,302

147,875

^[3]

Restaurant sales [Member] | Outback Brazil [Member]

1,398

2,497

Restaurant sales [Member] | Other - International [Member]

87,809

95,801

^[3]

182,932

186,691

^[3]

18,738

17,119

^[3]

38,274

34,505

^[3]

Franchise [Member]

Franchise [Member] | U.S. segment [Member]

13,134

11,565

^[1],[3]

27,349

20,662

^[1],[3]

Franchise [Member] | International segment [Member]

10,547

9,145

^[3]

22,008

15,727

^[3]

Franchise [Member] | Outback Steakhouse [Member]

2,587

2,420

^[3]

5,341

4,935

^[3]

Franchise [Member] | Carrabba's Italian Grill [Member]

^[4]

10,157

8,731

^[3]

21,231

14,965

^[3]

Franchise [Member] | Bonefish Grill [Member]

^[4]

157

156

^[3]

304

245

^[3]

Franchise [Member] | Fleming's Prime Steakhouse & Wine Bar [Member]

233

258

^[3]

473

517

^[3]

Franchise [Member] | Other - U.S. [Member]

^[3]

Franchise [Member] | Outback Brazil [Member]

Franchise [Member] | Other - International [Member]

^[3]

$ 2,587

$ 2,420

^[3]

$ 5,341

$ 4,935

^[3]

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[2]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[3]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[4]	In 2017, the Company sold 53 Outback Steakhouse restaurants and one Carrabba’s Italian Grill restaurant, which are now operated as franchises.

Revenue Recognition - Narrative (Details)	Jul. 01, 2018
Revenue Recognition [Line Items]
Revenue, remaining performance obligation, expected satisfaction over next year, percent	87.00%
Deferred franchise fees [Member]
Revenue Recognition [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction, period	15 years

Revenue Recognition - Contract Assets and Liabilities Summary (Details) - USD ($)
$ in Thousands

Jul. 01, 2018

Apr. 01, 2018

Dec. 31, 2017

Jun. 25, 2017

Mar. 26, 2017

Dec. 25, 2016

Deferred gift card sales commissions, current

$ 9,175

$ 10,039

$ 16,231

$ 9,418

$ 10,226

$ 15,584

Deferred gift card revenue [Member]

221,926

330,756

Deferred loyalty revenue [Member]

213,286

$ 227,783

323,628

$ 201,805

$ 217,872

$ 331,803

Deferred franchise fees [Member]

6,667

Other current assets, net [Member]

461

Deferred gift card sales commissions, current

9,175

16,231

Unearned revenue [Member]

Unearned revenue [Member] | Deferred gift card revenue [Member]

221,926

330,756

Unearned revenue [Member] | Deferred loyalty revenue [Member]

213,286

323,628

^[1]

Unearned revenue [Member] | Deferred franchise fees [Member]

8,145

6,667

Other long-term liabilities, net [Member] | Deferred franchise fees [Member]

495

461

^[1]

Deferred franchise fees, noncurrent

$ 4,661

$ 4,698

^[1]

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09 on the Company’s Consolidated Balance Sheet as of December 31, 2017.

Revenue Recognition - Contract Assets and Liabilities - Deferred Gift Card Commissions Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Revenue Recognition [Abstract]
Balance, beginning of period	$ 10,039	$ 10,226	$ 16,231	$ 15,584
Deferred gift card sales commissions amortization	(5,804)	(5,854)	(15,219)	(13,756)
Deferred gift card sales commissions capitalization	5,400	5,060	9,258	8,790
Other depreciation and amortization	(460)	(14)	(1,095)	(1,200)
Balance, end of period	$ 9,175	$ 9,418	$ 9,175	$ 9,418

Revenue Recognition - Contract Assets and Liabilities - Deferred Gift Card Revenue Rollforward (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Balance, beginning of the period

$ 330,756

Balance, end of the period

$ 221,926

221,926

Deferred gift card revenue [Member]

Balance, beginning of the period

227,783

$ 217,872

323,628

$ 331,803

Gift card sales

78,837

80,376

135,122

139,246

Gift card redemptions

(88,496)

(91,482)

(233,052)

(255,635)

Gift card breakage

^[1]

(4,838)

(4,961)

(12,412)

(13,609)

Balance, end of the period

$ 213,286

$ 201,805

$ 213,286

$ 201,805

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09 for the thirteen and twenty-six weeks ended June 25, 2017.

Impairments and Exit Costs (Provision for impaired assets and restaurant closings) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Provision for impaired assets and restaurant closings	$ 8,889	$ 598	$ 11,628	$ 19,674
Provision for impaired assets and restaurant closings [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	4,721	12	6,992	932
Restaurant closure expenses	4,168	586	4,636	18,742
Provision for impaired assets and restaurant closings [Member] \| U.S. segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	284	12	395	932
Restaurant closure expenses	674	586	1,022	18,742
Provision for impaired assets and restaurant closings [Member] \| International segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment losses	4,437	0	6,597	0
Restaurant closure expenses	$ 3,494	$ 0	$ 3,614	$ 0

Impairments and Exit Costs (Restaurant closure initiatives-Summary) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

International segment [Member]

$ 1,570

$ 702

$ 1,717

$ 16,199

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Facility closing [Member]

6,900

9,200

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Closure Initiatives [Member] | Facility closing [Member] | Provision for impaired assets and restaurant closings [Member]

8,071

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Closure Initiatives [Member] | Facility closing [Member] | Provision for impaired assets and restaurant closings [Member] | U.S. segment [Member]

^[1]

1,607

1,632

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Closure Initiatives [Member] | Facility closing [Member] | Provision for impaired assets and restaurant closings [Member] | International segment [Member]

(244)

^[1]

18,012

^[1]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Closure Initiatives [Member] | Employee severance [Member] | General and administrative expense [Member]

1,000

^[1]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Closure Initiatives [Member] | Contract termination [Member] | Other restaurant operating [Member]

110

766

232

2,948

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Restructuring, reversal of deferred rent liabilities

$ (147)

$ 180

$ (147)

$ (4,761)

[1]

The Company recognized asset impairment and closure charges of $1.0 million within the International segment related to the Closure Initiatives during the thirteen and twenty-six weeks ended July 1, 2018. All other asset impairment and closure charges for the periods presented were recognized within the U.S. segment.

Impairments and Exit Costs (Other Impairment - Text) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restructuring charges	$ 1,570	$ 702	$ 1,717	$ 16,199
International segment [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Restructuring charges	$ 6,900		$ 9,200

Impairments and Exit Costs (Projected Future Expenses & Cash Expenditures) (Details) - Closure Initiatives [Member] $ in Millions	6 Months Ended
	Jul. 01, 2018 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Closure Initiatives, completion period	1 year
Facility closing [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Lease expiration date	Jan. 31, 2029
Minimum [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected future costs	$ 3.2
Effect on future cash flows, amount	22.3
Minimum [Member] \| Facility closing [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected future costs	2.9
Minimum [Member] \| Other restructuring [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected future costs	0.3
Maximum [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected future costs	4.0
Effect on future cash flows, amount	27.4
Maximum [Member] \| Facility closing [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected future costs	3.4
Maximum [Member] \| Other restructuring [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Expected future costs	$ 0.6

Impairments and Exit Costs (Lease liability rollforward) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Facility closing [Member]

$ 1,570

$ 702

$ 1,717

$ 16,199

Restructuring reserve beginning of period

22,709

Payments for restructuring

8,071

(8,186)

Restructuring reserve, adjustments

(3,435)

Restructuring reserve end of period

^[1]

19,159

Facility closing [Member] | Accrued and other current liabilities [Member]

Restructuring reserve, current

6,000

Facility closing [Member] | Other long-term liabilities, net [Member]

Restructuring reserve, noncurrent

$ 13,200

[1]	As of July 1, 2018, the Company had exit-related accruals of $6.0 million recorded in Accrued and other current liabilities and $13.2 million recorded in Other long-term liabilities, net in the Consolidated Balance Sheet.

Earnings Per Share (Basic and Diluted EPS) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Schedule of earnings per share, basic and diluted [Line Items]

Basic weighted average common shares outstanding

$ 26,721

$ 35,133

^[1]

$ 92,119

$ 83,758

^[1]

92,120

98,852

92,194

100,963

Diluted weighted average common shares outstanding

94,361

102,421

95,072

104,417

$ 0.29

$ 0.36

^[1]

$ 1.00

$ 0.83

^[1]

$ 0.28

$ 0.34

^[1]

$ 0.97

$ 0.80

^[1]

Stock options [Member]

Nonvested restricted stock and restricted stock units [Member]

Dilutive shares

1,861

3,128

2,406

3,030

Nonvested performance-based share units [Member]

Dilutive shares

380

433

452

394

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]

Dilutive shares

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the Net income and Earnings per share impact of implementing ASU No. 2014-09.

Earnings Per Share (Antidilutive Securities) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Stock options [Member]
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities not included in the computation of earnings per share	2,133	5,359	2,041	5,462
Nonvested restricted stock and restricted stock units [Member]
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities not included in the computation of earnings per share	16	153	63	172
Nonvested performance-based share units [Member]
Antidilutive securities excluded from computation of earnings per share [Line Items]
Antidilutive securities not included in the computation of earnings per share	197	262	180	317

Stock-based Compensation Plans (Stock-based compensation expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 5,957	$ 6,453	$ 10,783	$ 12,177
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	1,628	2,944	3,526	5,699
Restricted stock and restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	2,455	2,689	4,787	5,242
Performance-based share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 1,874	$ 820	$ 2,470	$ 1,236

Stock-based Compensation Plans (Stock Options Activity - Table) (Details) - Stock options [Member] - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jul. 01, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at December 31, 2017 (shares)	10,051
Granted (shares)	488
Exercised (shares)	(3,566)
Forfeited or expired (shares)	(178)
Outstanding at July 1, 2018 (shares)	6,795	10,051
Exercisable at July 1, 2018	4,461
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding at December 31, 2017	$ 14.89
Granted (per share)	24.01
Exercised (per share)	10.23
Forfeited or expired (per share)	20.47
Outstanding at July 1, 2018	17.85	$ 14.89
Exercisable at July 1, 2018	$ 17.02
Share-based compensation arrangement by share-based payment award, options, outstanding, weighted average remaining contractual term	5 years 11 months 4 days	5 years 2 months 3 days
Outstanding intrinsic value	$ 25,734	$ 71,373
Share-based compensation arrangement by share-based payment award, options, exercisable, weighted average remaining contractual term	4 years 7 months 22 days
Exercisable intrinsic value	$ 21,278

Stock-based Compensation Plans (Assumptions used in the Black-Scholes option pricing model and the weighted-average fair value of option awards granted) (Details) - Stock options [Member] - $ / shares

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Weighted-average risk-free interest rate

^[1]

2.66%

1.93%

Dividend yield

^[2]

1.50%

1.84%

Expected term

^[3]

5 years 9 months 21 days

6 years 3 months 1 day

Weighted-average volatility

^[4]

32.76%

33.73%

Weighted-average grant date fair value per option

$ 7.23

$ 5.09

[1]	Risk-free interest rate is the U.S. Treasury yield curve in effect as of the grant date for periods within the expected term of the option.
[2]	Dividend yield is the level of dividends expected to be paid on the Company’s common stock over the expected term of the option.
[3]	Expected term represents the period of time that the options are expected to be outstanding. The Company estimates the expected term based on historical exercise experience for its stock options.
[4]	Based on the historical volatility of the Company’s stock.

Stock-based Compensation Plans (Stock Option Compensation - Table) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from option exercises, net of tax withholding	$ 33,119	$ 4,607
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	48,044	7,588
Excess tax benefits for tax deductions related to the exercise of stock options	7,837	1,299
Cash received from option exercises, net of tax withholding	$ 36,460	$ 6,835

Stock-based Compensation Plans (Grants During Period) (Details) shares in Millions	6 Months Ended
	Jul. 01, 2018 shares
Restricted stock units [Member]
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	0.4
Performance-based share units [Member]
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	0.2

Stock-based Compensation Plans (Unrecognized stock compensation expense and the remaining weighted-average vesting period) (Details) $ in Thousands	6 Months Ended
	Jul. 01, 2018 USD ($) shares
Bloomin' Brands, Inc. 2016 Omnibus Incentive Compensation Plan [Member] \| Common stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement by share-based payment award, number of shares authorized \| shares	4,271,424
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, nonvested awards, compensation not yet recognized, stock options	$ 11,518
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	2 years 6 months 17 days
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, nonvested awards, compensation not yet recognized, share-based awards other than options	$ 19,683
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	2 years 8 months 11 days
Performance-based share units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation, nonvested awards, compensation not yet recognized, share-based awards other than options	$ 9,435
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	1 year 3 months 1 day

Other Current Assets, Net (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 25, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prepaid expenses	$ 43,105		$ 40,688
Deferred gift card sales commissions	9,175	$ 10,039	16,231	$ 9,418	$ 10,226	$ 15,584
Assets held for sale	5,606		6,217
Other current assets, net	9,147		5,597
Total other current assets, net	113,208		179,402
Accounts receivable - gift cards [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	17,339		66,361
Accounts receivable - vendors, net [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	7,895		19,483
Accounts receivable - franchisees, net [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	2,055		2,017
Accounts receivable - other, net [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, net	$ 18,886		$ 22,808

Accrued and Other Current Liabilities (Table) (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Accrued payroll and other compensation	$ 86,447	$ 113,636
Accrued insurance	23,765	23,482
Other current liabilities	108,270	133,722
Accrued and other current liabilities	$ 218,482	$ 270,840

Long-term Debt, net (Schedule of Long-term Debt, Net) (Details) - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Jul. 01, 2018

Dec. 31, 2017

Capital lease obligations

Financing obligations

$ 19,571

$ 19,579

2,958

2,015

Unamortized debt discount and issuance costs

(3,941)

(4,394)

Total

1,139,729

1,118,104

Current portion of long-term debt

(25,964)

(26,335)

Long-term debt, net

$ 1,113,765

$ 1,091,769

Minimum [Member]

Sale-leaseback transaction, imputed interest rate

7.66%

7.52%

Maximum [Member]

Sale-leaseback transaction, imputed interest rate

7.82%

Secured debt [Member] | Senior Secured Credit Facility [Member]

Secured debt [Member] | Term loan A facility [Member] | Senior Secured Credit Facility [Member]

Long-term debt, gross

$ 1,121,000

$ 1,100,000

Secured debt [Member] | Term loan A facility [Member] | Senior Secured Credit Facility [Member] | Weighted average [Member]

Long-term debt, gross

$ 487,500

$ 500,000

Debt instrument, interest rate at period end

^[1]

3.78%

3.27%

Secured debt [Member] | Revolving credit facility [Member] | Senior Secured Credit Facility [Member]

Line of credit facility, amount outstanding

$ 633,500

$ 600,000

Secured debt [Member] | Revolving credit facility [Member] | Senior Secured Credit Facility [Member] | Weighted average [Member]

Debt instrument, interest rate at period end

^[1]

3.77%

3.26%

Unsecured debt [Member] | Notes payable, other payables [Member]

Other long-term debt, noncurrent

$ 141

$ 904

Unsecured debt [Member] | Notes payable, other payables [Member] | Minimum [Member]

Debt instrument, interest rate, stated percentage

1.03%

0.00%

Unsecured debt [Member] | Notes payable, other payables [Member] | Maximum [Member]

Debt instrument, interest rate, stated percentage

2.18%

[1]	Represents the weighted-average interest rate for the respective period.

Stockholders' Equity (Share Repurchase) (Details) - USD ($) $ / shares in Units, shares in Thousands		3 Months Ended		6 Months Ended
	Feb. 16, 2018	Jul. 01, 2018	Apr. 01, 2018	Jul. 01, 2018	Jun. 25, 2017
Share Repurchase Program [Line Items]
Stock repurchased and retired during period, shares		1,287	2,116	3,403
Stock repurchased program, average price paid, per share		$ 23.31	$ 24.10	$ 23.80
Stock repurchased and retired during period, value		$ 30,004,000	$ 50,996,000	$ 81,000,000	$ 198,728,000
2017 Share repurchase program [Member]
Share Repurchase Program [Line Items]
Stock repurchase program, authorized repurchase amount canceled	$ 55,000,000
2018 Share repurchase program [Member]
Share Repurchase Program [Line Items]
Stock repurchase program, authorized amount	$ 150,000,000
Stock repurchase program, remaining number of shares authorized to be repurchased		69,000		69,000

Stockholders' Equity (Dividend) (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended			6 Months Ended
	Jul. 31, 2018	Jul. 01, 2018	Apr. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Dividends Payable [Line Items]
Common stock, dividends, per share, cash paid		$ 0.09	$ 0.09		$ 0.18
Dividends, common stock, cash		$ 8,363	$ 8,371		$ 16,734	$ 16,308
Common stock, dividends per share		$ 0.09		$ 0.08	$ 0.18	$ 0.16
Subsequent event [Member]
Dividends Payable [Line Items]
Common stock, dividends per share	$ 0.09
Dividends payable, date to be paid	Aug. 22, 2018
Dividends payable, date of record	Aug. 09, 2018

Stockholders' Equity (Accumulated Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive loss	$ (126,672)	$ (99,199)
Accumulated translation adjustment [Member]
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive loss	(127,609)	(98,573)
Accumulated net gain (loss) from designated or qualifying cash flow hedges [Member]
Accumulated other comprehensive income (loss) [Line Items]
Accumulated other comprehensive loss	$ 937	$ (626)

Stockholders' Equity (Other Comprehensive Income (Loss)) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Accumulated other comprehensive income (loss) [Line Items]

Unrealized gain (loss) on derivatives, net of tax

$ 296

$ (610)

$ 1,184

$ (509)

Reclassification of adjustment for loss on derivatives included in Net income, net of tax

643

379

1,427

Other comprehensive (loss) income attributable to Bloomin’ Brands

(27,132)

12,281

Bloomin' Brands [Member]

Accumulated other comprehensive income (loss) [Line Items]

Foreign currency translation adjustment, attributable to parent

(30,402)

(9,176)

(29,036)

11,401

Unrealized gain (loss) on derivatives, net of tax

^[1]

296

(610)

1,184

(509)

Reclassification of adjustment for loss on derivatives included in Net income, net of tax

^[2]

643

379

1,427

Total unrealized gain on derivatives, net of tax

367

1,563

918

Other comprehensive (loss) income attributable to Bloomin’ Brands

(30,035)

(9,143)

(27,473)

12,319

Other comprehensive income, unrealized gain on derivatives arising during period, tax

$ 100

(400)

400

(300)

Reclassification of adjustment for loss on derivatives included in net income, tax

$ 400

$ 100

$ 900

[1]	Unrealized gain (loss) on derivatives is net of tax of $0.1 million and $(0.4) million for the thirteen weeks ended July 1, 2018 and June 25, 2017, respectively, and $0.4 million and ($0.3) million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.
[2]	Reclassifications of adjustments for losses on derivatives are net of tax of $0.4 million for the thirteen weeks ended June 25, 2017 and $0.1 million and $0.9 million for the twenty-six weeks ended July 1, 2018 and June 25, 2017, respectively.

Derivative Instruments and Hedging Activities (Cash flow hedges of interest rate risk) (Details) - Interest rate swap [Member] - Designated as hedging instrument [Member]	Sep. 09, 2014 USD ($) counterparties
Derivative [Line Items]
Derivative, inception date	Sep. 09, 2014
Derivative agreements, number of counterparties \| counterparties	8
Derivative, notional amount \| $	$ 400,000,000
Derivative, effective date	Jun. 30, 2015
Derivative, maturity date	May 16, 2019
Derivative, average fixed interest rate	2.02%
London Interbank Offered Rate (LIBOR) [Member]
Derivative [Line Items]
Derivative, variable interest rate	30-day LIBOR

Derivative Instruments and Hedging Activities (Fair value and classification of interest rate swaps) (Details) - USD ($)
$ in Thousands

Jul. 01, 2018

Dec. 31, 2017

Derivative, interest rate swaps, assets, fair value

^[1]

$ 1,162

$ 67

Interest rate swap [Member] | Designated as hedging instrument [Member] | Other current assets, net [Member]

Derivative, interest rate swaps, assets, fair value

1,162

Interest rate swap [Member] | Designated as hedging instrument [Member] | Other assets, net [Member]

Derivative, interest rate swaps, assets, fair value

Interest rate swap [Member] | Designated as hedging instrument [Member] | Accrued and other current liabilities [Member]

Derivative, interest rate swaps, liabilities, fair value

^[1]

$ 0

$ 1,010

[1]	See Note 11 - Fair Value Measurements for fair value discussion of the interest rate swaps.

Derivative Instruments and Hedging Activities (Effects of the interest rate swap on the Consolidated Statement of Operations and Comprehensive Income (Loss)) (Details) - USD ($)

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Total effects of interest rate swaps on Net income

$ (71,000)

$ (643,000)

$ (379,000)

$ (1,427,000)

Interest rate swap [Member] | Designated as hedging instrument [Member]

Total effects of interest rate swaps on Net income

(71,000)

(643,000)

(379,000)

(1,427,000)

Derivative, net hedge ineffectiveness gain (loss)

Interest rate swap [Member] | Designated as hedging instrument [Member] | Interest expense [Member]

Interest rate swap expense recognized in Interest expense, net

^[1]

(95,000)

(1,036,000)

(510,000)

(2,301,000)

Interest rate swap [Member] | Designated as hedging instrument [Member] | Income tax expense [Member]

Income tax benefit in Provision for income taxes

$ 24,000

$ 393,000

$ 131,000

$ 874,000

[1]	During the thirteen and twenty-six weeks ended July 1, 2018 and June 25, 2017, the Company did not recognize any gain or loss as a result of hedge ineffectiveness.

Fair Value Measurements (Fair value measurements on a recurring basis) (Details) - Fair value, measurements, recurring [Member] - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017
Fair value, inputs, level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	$ 20,248	$ 27,766
Liabilities, fair value disclosure	0	0
Fair value, inputs, level 1 [Member] \| Other current assets, net [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current assets	0	0
Fair value, inputs, level 1 [Member] \| Other assets, net [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, non-current assets	0	0
Fair value, inputs, level 1 [Member] \| Accrued and other current liabilities [Member] \| Interest rate swap [Member]
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 [Member] \| Fixed income funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	5,360	1,830
Fair value, inputs, level 1 [Member] \| Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	10,367	24,656
Restricted cash equivalents, fair value disclosure	4,521	1,280
Fair value, inputs, level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	1,162	67
Liabilities, fair value disclosure	0	1,010
Fair value, inputs, level 2 [Member] \| Other current assets, net [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current assets	1,162	0
Fair value, inputs, level 2 [Member] \| Other assets, net [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, non-current assets	0	67
Fair value, inputs, level 2 [Member] \| Accrued and other current liabilities [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current liabilities	0	1,010
Fair value, inputs, level 2 [Member] \| Fixed income funds [Member]
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 [Member] \| Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	0	0
Restricted cash equivalents, fair value disclosure	0	0
Reported value measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	21,410	27,833
Liabilities, fair value disclosure	0	1,010
Reported value measurement [Member] \| Other current assets, net [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current assets	1,162	0
Reported value measurement [Member] \| Other assets, net [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, non-current assets	0	67
Reported value measurement [Member] \| Accrued and other current liabilities [Member] \| Interest rate swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments - interest rate swaps, current liabilities	0	1,010
Reported value measurement [Member] \| Fixed income funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	5,360	1,830
Reported value measurement [Member] \| Money market funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents, fair value disclosure	10,367	24,656
Restricted cash equivalents, fair value disclosure	$ 4,521	$ 1,280

Fair Value Measurements (Fair value measurements on a nonrecurring basis) (Details) - Fair value, measurements, nonrecurring [Member] - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total impairment losses

$ 4,721

$ 12

$ 6,992

$ 932

Assets held for sale [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Impairment of long-lived assets to be disposed of

Property, plant and equipment [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Property, fixtures and equipment, impairment

4,721

6,942

862

Reported value measurement [Member] | Fair value, inputs, level 2 [Member] | Assets measured with impairment, quarter-to-date [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Reported value measurement [Member] | Fair value, inputs, level 2 [Member] | Assets measured with impairment, year-to-date [Member]

^[1]

1,060

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Reported value measurement [Member] | Assets held for sale [Member] | Fair value, inputs, level 2 [Member] | Assets measured with impairment, quarter-to-date [Member]

^[1]

1,430

1,467

1,430

1,467

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Reported value measurement [Member] | Assets held for sale [Member] | Fair value, inputs, level 2 [Member] | Assets measured with impairment, year-to-date [Member]

^[1]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Reported value measurement [Member] | Property, plant and equipment [Member] | Fair value, inputs, level 2 [Member] | Assets measured with impairment, quarter-to-date [Member]

^[1]

400

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Reported value measurement [Member] | Property, plant and equipment [Member] | Fair value, inputs, level 2 [Member] | Assets measured with impairment, year-to-date [Member]

^[1]

1,060

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

^[1]

$ 1,380

$ 1,067

$ 1,380

$ 1,067

[1]	Carrying value approximates fair value with all assets measured using third-party market appraisals or purchase contracts (Level 2).

Fair Value Measurements (Carrying value and fair value of debt by hierarchy level) (Details) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017
Secured debt [Member] \| Fair value, inputs, level 2 [Member] \| Term loan A facility [Member] \| Senior Secured Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value disclosure	$ 486,281	$ 502,500
Secured debt [Member] \| Fair value, inputs, level 2 [Member] \| Revolving credit facility [Member] \| Senior Secured Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value disclosure	631,916	598,500
Secured debt [Member] \| Fair value, inputs, level 3 [Member] \| Term loan A facility [Member] \| Senior Secured Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value disclosure	0	0
Secured debt [Member] \| Fair value, inputs, level 3 [Member] \| Revolving credit facility [Member] \| Senior Secured Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans payable, fair value disclosure	0	0
Unsecured debt [Member] \| Fair value, inputs, level 2 [Member] \| Notes payable, other payables [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, fair value disclosure	0	0
Unsecured debt [Member] \| Fair value, inputs, level 3 [Member] \| Notes payable, other payables [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes payable, fair value disclosure	135	891
Reported value measurement [Member] \| Secured debt [Member] \| Term loan A facility [Member] \| Senior Secured Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	487,500	500,000
Reported value measurement [Member] \| Secured debt [Member] \| Revolving credit facility [Member] \| Senior Secured Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	633,500	600,000
Reported value measurement [Member] \| Unsecured debt [Member] \| Notes payable, other payables [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 141	$ 904

Income Taxes - Change in Effective Rate (Details)	3 Months Ended		6 Months Ended
Income Taxes - Change in Effective Rate (Details)	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate	(23.70%)	7.70%	(3.60%)	19.70%
Change in effective income tax rate, percent	(31.40%)		(23.30%)
Blended federal and state statutory income tax rate			26.00%

Income Taxes Income Taxes - Tax Act (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jul. 01, 2018

Jun. 25, 2017

Jul. 01, 2018

Jun. 25, 2017

Dec. 31, 2017

$ (5,124)

$ 2,988

$ (3,199)

$ 20,992

Adjustments for new accounting pronouncement [Member]

$ (264)

1,686

Tax Act [Member] | Provisional [Member]

$ (315)

$ 2,674

Effective of change in enacted tax rate, amount

$ 7,500

100

Repatriation of foreign earnings, amount

200

Tax Act [Member] | Provisional [Member] | Deferred tax liabilities [Member]

Effective of change in enacted tax rate, amount

3,900

Tax Act [Member] | Provisional [Member] | Deferred tax assets [Member]

Tax Act [Member] | Provisional [Member] | Adjustments for new accounting pronouncement [Member]

800

Tax Act [Member] | Provisional [Member] | U.S. [Member]

5,600

Change in deferred tax assets valuation allowance

^[1]

1,600

$ 4,700

[1]

Includes $4.7 million of expense for a valuation allowance recorded against foreign tax credit carryforwards, $3.9 million of benefit from the impact of the corporate rate reduction on net deferred tax liability balances, and an expense of $0.8 million for the write-off of certain deferred tax assets that will no longer be realized.

Commitments and Contingencies - Litigation and Other Matters (Details) - USD ($) $ in Millions	Jul. 01, 2018	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Estimated litigation liability	$ 3.5	$ 4.3

Commitments and Contingencies – Lease Guarantees (Details) - Property lease guarantee [Member] $ in Millions	Jul. 01, 2018 USD ($)
Loss Contingencies [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 27.2
Guarantee obligations, maximum exposure at present value	18.7
Guarantor obligations, liability recorded	$ 0.0

Segment Reporting (Narrative) (Details)	6 Months Ended
Segment Reporting (Narrative) (Details)	Jul. 01, 2018 reportable_segment
Segment Reporting [Abstract]
Number of reportable segments	2

Segment Reporting (Revenue by Segment) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

^[2]

Jul. 01, 2018

Jun. 25, 2017

^[2]

Segment Reporting, Revenue Reconciling Item [Line Items]

Total revenues

$ 1,031,814

$ 1,036,458

^[1]

$ 2,148,279

$ 2,191,169

^[1]

U.S. segment [Member]

Segment Reporting, Revenue Reconciling Item [Line Items]

Total revenues

922,355

920,796

1,921,062

1,964,469

International segment [Member]

Segment Reporting, Revenue Reconciling Item [Line Items]

Total revenues

$ 109,459

$ 115,662

$ 227,217

$ 226,700

[1]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.
[2]	See Note 1 - Description of the Business and Basis of Presentation for details of the impact of implementing ASU No. 2014-09.

Segment Reporting (Income from Operations Reconciliation) (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jul. 01, 2018

Jun. 25, 2017

^[1]

Jul. 01, 2018

Jun. 25, 2017

^[1]

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Loss on extinguishment and modification of debt

$ 32,924

$ 41,342

$ 111,295

$ 118,176

(260)

Other (expense) income, net

(6)

7,281

(5)

7,230

Interest expense, net

(11,319)

(9,543)

(21,629)

(18,684)

Income before (benefit) provision for income taxes

21,599

38,820

89,661

106,462

Operating segments [Member]

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Operating segments [Member] | U.S. segment [Member]

74,864

83,935

192,323

201,387

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Operating segments [Member] | International segment [Member]

76,913

74,207

186,047

183,024

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]

Corporate, non-segment [Member]

(2,049)

9,728

6,276

18,363

Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]