Earnings per Common Share

6 Months Ended

Mar. 26, 2017

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 26 2017		March 27 2016		March 26 2017		March 27 2016

Income attributable to Lee Enterprises, Incorporated:	6,128		19,228		18,301		30,465
Weighted average common shares	56,607		55,610		56,268		55,231
Less weighted average restricted Common Stock	(2,552	)	(2,434	)	(2,479	)	(2,073	)
Basic average common shares	54,055		53,176		53,789		53,158
Dilutive stock options and restricted Common Stock	1,415		575		1,631		619
Diluted average common shares	55,470		53,751		55,420		53,777
Earnings per common share:
Basic	0.11		0.36		0.34		0.57
Diluted	0.11		0.36		0.33		0.57

For the 13 and 26 weeks ended March 26, 2017, 6,823,500 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 27, 2016, 7,658,000 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.