Accounting Observer > Public Blog - Updated List: Lease Restaters

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Updated List: Lease Restaters

Location: Blogs AAO Weblog (Public)
Posted by: Jack Ciesielski	2/28/2005 2:48 PM
Last Friday morning, I recapped the list of known firms suffering from lease accounting dysfunction. Our work had captured 37 of them to date. As the saying goes, two heads are better than one. The Wall Street Journal Online ran a recap of their own on Friday afternoon. Here's a link to the article by Siobhan Hughes, where they corraled 60 firms showing the disorder. Checking their list, we found companies missing from our list - and companies in our list not in the WSJ bunch. Put them all together, along with some new arrivals today, and you have the following 77 firms. Abercromie & Fitch A.C. Moore Arts & Crafts Albertsons American Tower AnnTaylor Stores Applebee's International Arris Group Bakers Footware Group Benihana Big Lots Borders Group Brinker International Buca Build-A-Bear Workshop CEC Entertainment Champps Entertainment Charming Shoppes Cingular Wireless CKE Restaurants Cracker Barrel (CBRL Group) Crown Castle International CVS Corp. Darden Restaurants Denny's Dollar General Domino's Emeritus Fresh Choice GAP Global Signal Gymboree Hudson's Bay Hypercom Internap Network Services J.C. Penney J. Jill Group Jack in the Box Jos. A. Bank Kohl's Krispy Kreme Doughnuts Landry's Restaurants Lone Star Steakhouse Lowes Marsh Supermarkets May Department Stores McDonalds Nextel Partners Nordstrom O' Reilly Automotive Outback Steakhouse Pacific Sunwear Panera Bread Peets Coffee & Tea Pep Boys Manny Moe & Jack P.F. Chang's China Bistro Powell Industries Red Robin Gourmet Burgers Rubios Restaurants Ruby Tuesday Safeway SBA Communications Sears Siebel Systems Starbucks Target TJX Cos. Total Entertainment Restaurant Toys 'R Us Tullys Coffee United Retail Group Ubiquitel Wendy's West Marine Whole Foods Market Wild Oats Markets The Yankee Candle Company Yum Brands And I don't think we've seen the end of it yet. Wait until the 10-K's start to file in around mid-March, and the next cycle of earnings releases. I think that will have been a pretty reasonable window for firms in all industries to have completed their lease-checking.

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