The Sports Authority Inc. on Thursday reported that the expected restatement of its earnings due to changes in lease accounting will decrease EPS by a penny per share in its fiscal fourth quarter ended January 29. For the year, EPS were reduced by two cents. The restatement adjustments also reduced net income for the 2003 fiscal year by $100,000, or a penny per share.

TSA said its fiscal 2005 forecast, including the impact to lease accounting, is $1.85 to $1.92 per share, or a 3 cents to 5 cents impact to the bottom line, versus previous estimates of an 8 cents to 10 cents impact.

For Q1, the impact to EPS is now seen at a penny per share, compared to previous estimates of 2 cents to 3 cents per share. TSA's 2005 first quarter fiscal guidance including the impact of lease accounting adjustments is now 24 cents to 26 cents per diluted share.

Fiscal 2002 EPS will be reduced $200,000, or a penny per share, and 2001 will see a $300,000 impact, or two cents per share.