Earnings per Common Share

6 Months Ended

Mar. 31, 2019

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 31 2019		March 25 2018		March 31 2019		March 25 2018

(Loss) Income attributable to Lee Enterprises, Incorporated:	(2,678	)	2,239		7,683		37,242
Weighted average common shares	57,703		57,070		57,501		56,924
Less weighted average restricted Common Stock	(2,095	)	(2,378	)	(2,097	)	(2,416	)
Basic average common shares	55,608		54,692		55,404		54,508
Dilutive stock options and restricted Common Stock	—		1,169		1,287		1,309
Diluted average common shares	55,608		55,861		56,691		55,817
Earnings per common share:
Basic	(0.05	)	0.04		0.14		0.68
Diluted	(0.05	)	0.04		0.14		0.67

For the 13 and 26 weeks ended March 31, 2019, 6,000,000 and 6,000,000, 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. 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.