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Note 9 - Earnings Per Common Share
 3 Months Ended
Dec. 27, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

9

EARNINGS PER COMMON SHARE

 

The following table sets forth the computation of basic and diluted earnings per common share:

 

  

13 Weeks Ended

 
  

December 27,

  

December 29,

 

(Thousands of Dollars and Shares, Except Per Share Data)

 

2020

  

2019

 
       

Income attributable to Lee Enterprises, Incorporated:

 15,902  5,320 
Weighted average common shares 58,449  57,729 
Less weighted average restricted Common Stock (1,545) (1,459)

Basic average common shares

 56,904  56,270 

Dilutive stock options and restricted Common Stock

 418  783 

Diluted average common shares

 57,322  57,053 

Earnings per common share:

      

Basic

 0.28  0.09 

Diluted

 0.28  0.09 

 

For the 13 weeks ended December 27, 2020 and December 29, 2019, 6,413,000 and 6,384,000 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.