XML 64 R18.htm IDEA: XBRL DOCUMENT v3.3.1.900
Earnings per Common Share
12 Months Ended
Sep. 27, 2015
Earnings Loss Per Common Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS (LOSS) PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings (loss) per common share:
(Thousands of Dollars and Shares, Except Per Common Share Data)
2015

 
2014

 
2013

 
 
 
 
 
 
Income (loss) attributable to Lee Enterprises, Incorporated:
 
 
 
 
 
Continuing operations
23,316

 
6,795

 
(77,071
)
Discontinued operations

 

 
(1,246
)
 
23,316

 
6,795

 
(78,317
)
 
 
 
 
 
 
Weighted average Common Stock
54,430

 
53,438

 
52,333

Less non-vested restricted Common Stock
(1,790
)
 
(1,165
)
 
(500
)
Basic average Common Stock
52,640

 
52,273

 
51,833

Dilutive stock options and restricted Common Stock
1,291

 
1,463

 

Diluted average Common Stock
53,931

 
53,736

 
51,833

 
 
 
 
 
 
Earnings (loss) per common share:
 
 
 
 
 
Basic:
 
 
 
 
 
Continuing operations
0.44

 
0.13

 
(1.49
)
Discontinued operations

 

 
(0.02
)
 
0.44

 
0.13

 
(1.51
)
 
 
 
 
 
 
Diluted:
 
 
 
 
 
Continuing operations
0.43

 
0.13

 
(1.49
)
Discontinued operations

 

 
(0.02
)
 
0.43

 
0.13

 
(1.51
)

 
For 2015, 2014 and 2013, we had 6,620,000, 3,121,000 and 1,700,000 weighted average shares, respectively, not considered in the computation of diluted earnings (loss) per common share because the exercise prices of the related stock options and Warrants were in excess of the fair market value of our Common Stock.