Delaware
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1-15935
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59-3061413
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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Item 2.02
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Results
of Operations and Financial Condition
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On
July 21, 2005, Outback Steakhouse, Inc. (“the Company”) issued a press
release reporting its financial results for the second quarter
of fiscal
year 2005, which ended June 30, 2005. A copy of the release is
attached as
Exhibit 99.1.
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The
information furnished under this Item 2.02, including Exhibit 99.1,
is not
deemed to be "filed" for purposes of Section 18 of the Exchange
Act, or
otherwise subject to the liability of that section. This
information
will not be deemed to be incorporated by reference into any filing
under
the Securities Act or the Exchange Act, except to the extent that
the
registrant specifically incorporates them by reference.
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Item 2.06
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Material
Impairments
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On
July 19, 2005, the Company concluded that an impairment charge
of
$7,581,000 was required related to certain non-restaurant related
assets.
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In
January 2001, the Company entered into a ten-year licensing agreement
with
an entity owned by minority interest owners of certain non-restaurant
operations. The licensing agreement transferred the right and license
to
use certain assets of these non-restaurant operations. As of July
19,
2005, the Company began renegotiating the terms of this licensing
agreement, and as a result, the Company assessed the recoverability
of the
carrying value of the associated deferred license fee and determined
that
an impairment charge was necessary.
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Thus,
in the Company’s second fiscal quarter, a $7,581,000 pretax charge has
been recorded against the deferred license fee to reflect management’s
best estimate of its current net realizable value as of June 30,
2005.
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Item 9.01
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Financial
Statements and Exhibits
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(c)
Exhibits
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Exhibit
No.
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99.1
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Outback
Steakhouse, Inc. press release dated July 21, 2005
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Pursuant
to the requirements of the Securities Exchange Act of 1934, the
Registrant
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
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OUTBACK
STEAKHOUSE, INC.
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(Registrant)
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Date: July
22, 2005
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By:
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/s/
A. William Allen, III
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A.
William Allen, III
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Chief
Executive Officer
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