CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Cash flows (used in) provided by operating activities:
Net income	$ 61,900	$ 50,111
Adjustments to reconcile net income to cash (used in) provided by operating activities:
Depreciation and amortization	34,087	33,233
Amortization of deferred financing fees	1,783	1,923
Amortization of capitalized gift card sales commissions	6,690	5,668
Provision for impaired assets and restaurant closings	4,435	1,090
Stock-based and other non-cash compensation expense	12,543	11,290
Income from operations of unconsolidated affiliates	(2,404)	(3,646)
Change in deferred income taxes	(333)	(2)
Loss on disposal of property, fixtures and equipment	484	1,120
Unrealized loss (gain) on derivative financial instruments	194	(51)
Gain on life insurance and restricted cash investments	(3,156)	(1,051)
Change in assets and liabilities:
Decrease in inventories	887	4,838
Decrease (increase) in other current assets	11,184	(7,915)
Decrease in other assets	2,520	1,999
Increase in accrued interest payable	6,148	6,126
(Decrease) increase in accounts payable and accrued and other current liabilities	(38,112)	13,391
(Decrease) increase in deferred rent	(2,549)	4,063
Decrease in unearned revenue	(97,473)	(87,674)
Increase (decrease) in other long-term liabilities	282	(5,933)
Net cash (used in) provided by operating activities	(890)	28,580
Cash flows used in investing activities:
Purchases of Company-owned life insurance	(350)	(342)
Proceeds from sale of Company-owned life insurance	0	1,055
Proceeds from sale of property, fixtures and equipment	1,255	0
Capital expenditures	(34,019)	(20,480)
Restricted cash received for capital expenditures, property taxes and certain deferred compensation plans	4,835	4,807
Restricted cash used to fund capital expenditures, property taxes and certain deferred compensation plans	(4,293)	(3,967)
Return on investment from unconsolidated affiliates	332	0
Net cash used in investing activities	(32,240)	(18,927)
Cash flows used in financing activities:
Repayments of long-term debt	(6,642)	(5,695)
Contributions from noncontrolling interests	177	11
Distributions to noncontrolling interests	(4,337)	(4,044)
Repayments of partner deposits and accrued partner obligations	(9,242)	(13,257)
Net cash used in financing activities	(20,044)	(22,985)
Effect of exchange rate changes on cash and cash equivalents	1,463	1,514
Net decrease in cash and cash equivalents	(51,711)	(11,818)
Cash and cash equivalents at the beginning of the period	369,138	300,111
Cash and cash equivalents at the end of the period	317,427	288,293
Supplemental disclosures of cash flow information:
Cash paid for interest	8,116	8,192
Cash paid for income taxes, net of refunds	4,944	8,367
Supplemental disclosures of non-cash investing and financing activities:
Conversion of partner deposits and accrued partner obligations to notes payable	2,646	2,807
Acquisitions of property, fixtures, and equipment through accounts payable or capital lease liabilities	$ 3,423	$ 925

OSI RESTAURANT PARTNERS, LLC 10-Q