Earnings per Common Share

6 Months Ended

Mar. 27, 2016

Earnings Loss Per Common Share [Abstract]

EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share:



	13 Weeks Ended				26 Weeks Ended
(Thousands of Dollars and Shares, Except Per Share Data)	March 27 2016		March 29 2015		March 27 2016		March 29 2015

Income attributable to Lee Enterprises, Incorporated:	19,228		1,800		30,465		11,553
Weighted average common shares	55,610		54,506		55,231		54,206
Less weighted average restricted Common Stock	(2,434	)	(2,012	)	(2,073	)	(1,724	)
Basic average common shares	53,176		52,494		53,158		52,482
Dilutive stock options and restricted Common Stock	575		1,381		619		1,434
Diluted average common shares	53,751		53,875		53,777		53,916
Earnings per common share:
Basic	0.36		0.03		0.57		0.22
Diluted	0.36		0.03		0.57		0.21

For both the 13 and 26 weeks ended March 27, 2016, 7,658,676 weighted average shares were not considered in the computation of diluted earnings 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. For the 13 and 26 weeks ended March 29, 2015, 6,816,000 and 6,533,000 weighted average shares, respectively, were not considered in the computation of diluted earnings 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