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Note 14 - Earnings Per Common Share | 12 Months Ended
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Sep. 27, 2020
Notes to Financial Statements |
Earnings Per Share [Text Block] | 14 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) |  | 2020 |  |  | 2019 |  |  | 2018 |
Income attributable to Lee Enterprises, Incorporated: |  |  | (3,106 | ) |  |  | 14,268 |  |  |  | 45,766 |
Weighted average Common Stock |  |  | 58,105 |  |  |  | 57,648 |  |  |  | 57,009 |
Less non-vested restricted Common Stock |  |  | (1,536 | ) |  |  | (2,083 | ) |  |  | (2,307 | )
Basic average Common Stock |  |  | 56,569 |  |  |  | 55,565 |  |  |  | 54,702 |
Dilutive stock options and restricted Common Stock |  |  | 367 |  |  |  | 1,319 |  |  |  | 1,246 |
Diluted average Common Stock |  |  | 56,936 |  |  |  | 56,884 |  |  |  | 55,948 |
Earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |
Basic: |  |  | (0.05 | ) |  |  | 0.26 |  |  |  | 0.84 |
Diluted |  |  | (0.05 | ) |  |  | 0.25 |  |  |  | 0.82 |
For 2020 we had 6,000,000 weighted average shares not considered in the computation of diluted earnings per share because the Company recorded net losses. For 2019 and 2018, we had 6,384,000 and 7,206,000 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.

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