XML 15 R19.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Note 13 - Earnings Per Common Share
 12 Months Ended
Sep. 29, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
13
    EARNINGS PER COMMON SHARE
 
The following table sets forth the computation of basic and diluted earnings per common share:
 
 
(Thousands of Dollars and Shares, Except Per Common Share Data)
  
2019
    
2018
    
2017
  
                         
Income attributable to Lee Enterprises, Incorporated:
    
14,268
      
45,766
      
27,481
  
                         
Weighted average Common Stock
    
57,648
      
57,009
      
56,481
  
Less non-vested restricted Common Stock
    
(2,083
 )    
(2,307
 )    
(2,491
 )
Basic average Common Stock
    
55,565
      
54,702
      
53,990
  
Dilutive stock options and restricted Common Stock
    
1,319
      
1,246
      
1,402
  
Diluted average Common Stock
    
56,884
      
55,948
      
55,392
  
Earnings per common share:
                        
Basic:
    
0.26
      
0.84
      
0.51
  
Diluted
    
0.25
      
0.82
      
0.50
  
 
For
2019,
2018
and
2017
, we had
6,384,000,
7,206,000
and
7,577,000
weighted average shares, respectively,
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.