Earnings per Common Share

6 Months Ended

Mar. 25, 2018

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 25 2018		March 26 2017		March 25 2018		March 26 2017

Income attributable to Lee Enterprises, Incorporated:	2,239		6,128		37,242		18,301
Weighted average common shares	57,070		56,607		56,924		56,268
Less weighted average restricted Common Stock	(2,378	)	(2,552	)	(2,416	)	(2,479	)
Basic average common shares	54,692		54,055		54,508		53,789
Dilutive stock options and restricted Common Stock	1,169		1,415		1,309		1,631
Diluted average common shares	55,861		55,470		55,817		55,420
Earnings per common share:
Basic	0.04		0.11		0.68		0.34
Diluted	0.04		0.11		0.67		0.33

For the 13 and 26 weeks ended March 25, 2018, 6,500,900 and 6,706,603, 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. 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.