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 30, 2019			June 24, 2018			June 30, 2019			June 24, 2018

Income attributable to Lee Enterprises, Incorporated:		5,766			4,458			13,449			41,700
Weighted average common shares		57,731			57,064			57,578			56,971
Less weighted average restricted Common Stock		(2,088	)		(2,286	)		(2,094	)		(2,373	)
Basic average common shares		55,643			54,778			55,484			54,598
Dilutive stock options and restricted Common Stock		1,227			1,302			1,038			1,305
Diluted average common shares		56,870			56,080			56,522			55,903
Earnings per common share:
Basic		0.10			0.08			0.24			0.76
Diluted		0.10			0.08			0.24			0.75

For the

and

weeks ended

June 30, 2019

6,000,000

, weighted average shares, were

not

considered in the computation of diluted earnings per common share because the exercise prices of the related Warrants were in excess of the fair market value of our Common Stock. For the

and

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.