New York (CNN) — Outback Steakhouse abruptly closed 21 restaurants in October as it begins a “comprehensive turnaround strategy” to keep up with its trendier competitors .

Bloomin’ Brands , Outback’s parent company, disclosed in its earnings report Thursday that in addition to those closures, an additional 22 locations will not have their leases renewed and will shutter over the next four years.

Outback has 670 US locations remaining, according to its website. That’s roughly 10% fewer than a decade ago, when it had about 750 locations .

Bloomin’ Brands also announced that it will take a $33 million impairment charge for the closures and suspended its shareholder dividend to help pay for the turnaround plan.

Part of that initiative includes “service enhancements to deliver an exce

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