Earnings per Common Share

9 Months Ended

Jun. 24, 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				39 Weeks Ended
(Thousands of Dollars and Shares, Except Per Share Data)	June 24 2018		June 25 2017		June 24 2018		June 25 2017

Income attributable to Lee Enterprises, Incorporated:	4,458		5,995		41,700		24,296
Weighted average common shares	57,064		56,668		56,971		56,401
Less weighted average restricted Common Stock	(2,286	)	(2,515	)	(2,373	)	(2,491	)
Basic average common shares	54,778		54,153		54,598		53,910
Dilutive stock options and restricted Common Stock	1,302		1,302		1,305		1,492
Diluted average common shares	56,080		55,455		55,903		55,402
Earnings per common share:
Basic	0.08		0.11		0.76		0.45
Diluted	0.08		0.11		0.75		0.44

For the 13 and 39 weeks ended June 24, 2018, 6,484,300 and 6,701,300, 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 39 weeks ended June 25, 2017, 7,327,000 and 6,617,000, 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.