Outback Steakhouse, Inc. and Affiliates
Notes to Consolidated Financial Statements



7. Stockholders' Equity

During 2000, the Company repurchased 1,980,000 shares of its Common Stock, $.01 par value, for an aggregate purchase price of approximately $48,615,000. During 1999, the Company repurchased 239,000 shares of its Common Stock, $.01 par value, for an aggregate purchase price of approximately $7,230,000. Repurchased shares are carried as Treasury Stock on the Consolidated Balance Sheets and are recorded at cost. During 2000 and 1999 the Company reissued approximately 213,000 and 983,000 shares of treasury stock, respectively, that had a cost of approximately $5,941,000 and $14,610,000 respectively.

   Distributions in the Consolidated Statements of Stockholders' Equity represent distributions to Subchapter S Corporation shareholders of Tedesco prior to the merger in 1999.

   On March 2, 1999, a three-for-two split of the Company's Common Stock was effected through distribution of one additional share for every two shares already issued. All applicable share and per share data have been restated to give retroactive effect to the stock split.