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Outback Steakhouse, Inc. Announces Change in Lease Accounting.
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PR Newswire
- Article date:
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March 16, 2005
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Copyright informationCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAMPA, Fla., March 16 /PRNewswire-FirstCall/ -- Outback Steakhouse, Inc. today announced that it has adjusted its accounting for leases after the Company's review of its policies and discussion with its Audit Committee.
Following restatement announcements of several restaurant companies in December 2004, many public companies across different industries have revised their accounting related to leases, leaseholds and depreciation. Upon completion of the Company's review of its own accounting policies for leases, it is changing its lease accounting to correct errors in those policies. Changes to the Company's lease accounting as a result of the review include adjusting ...
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