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Immaterial Corrections to Prior Period Financial Statements (Tables) | 12 Months Ended
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Sep. 25, 2022
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The table below sets forth the impact of correcting the error in the Consolidated Statements of Income (loss) and Comprehensive Income (loss).
(Thousands of Dollars, Except Per Common Share Data) | Year Ended September 26, 2021 | Year Ended September 27, 2020
| As previously reported | Adjustment | As Revised | As previously reported | Adjustment | As Revised
Income before Income Taxes | 32,047 | — |  | 32,047 | 2,843 |  | — |  | 2,843 |
Income tax expense | 7,215 | 40 |  | 7,255 | 4,104 |  | (1,131) |  | 2,973 |
Net income (loss) | 24,832 | (40) |  | 24,792 | (1,261) |  | 1,131 |  | (130) |
(Loss) income attributable to Lee Enterprises, Incorporated | 22,785 | (40) |  | 22,745 | (3,106) |  | 1,131 |  | (1,975) |
Comprehensive (loss) income attributable to Lee Enterprises, Inc. | 85,022 | (40) |  | 84,982 | 5,958 | 1,131 |  | 7,089 |
Earnings per common share |  |  |  |  |  |
Basic | 3.99 | (0.01) |  | 3.98 | (0.55) |  | 0.20 |  | (0.35) |
Diluted | 3.91 | (0.01) |  | 3.90 | (0.55) |  | 0.20 |  | (0.35) |
The table below sets forth the impact of correcting the error in the Consolidated Balance Sheets.
(Thousands of Dollars) | As of September 26, 2021 | As of September 27, 2020
| As previously reported | Adjustment | As Revised | As previously reported | Adjustment | As Revised
Liabilities |  |  |  |  |  |
Deferred incomes taxes | 40,295 |  | 13,468 | 53,763 |  | 15,208 |  | 13,428 |  | 28,636 |
Total liabilities | 786,853 |  | 13,468 | 800,321 |  | 893,690 |  | 13,428 |  | 907,118 |
Accumulated deficit | (245,744) |  | (13,468) |  | (259,212) |  | (268,529) |  | (13,428) |  | (281,957) |
Total stockholders' equity (deficit) | 54,565 |  | (13,468) |  | 41,097 |  | (31,564) |  | (13,428) |  | (44,992) |
Total equity (deficit) | 56,698 |  | (13,468) |  | 43,230 |  | (29,633) |  | (13,428) |  | (43,061) |
Total liabilities and stockholders' equity | 843,551 |  | — |  | 843,551 |  | 864,057 |  | — |  | 864,057 |
The table below sets forth the impact of correcting the error in the Consolidated Statements of Stockholders' Equity (Deficit)
(Thousands of Dollars) | Year Ended September 26, 2021 | Year Ended September 27, 2020
| As previously reported | Adjustment | As Revised | As previously reported | Adjustment | As Revised
Accumulated deficit: |  |  |  |  |  |
Balance, beginning of year | (268,529) |  | (13,428) |  | (281,957) |  | (265,423) |  | (14,559) |  | (279,982) |
Net income (loss) | 24,832 |  | (40) |  | 24,792 |  | (1,261) |  | 1,131 |  | (130) |
Balance, end of year | (245,744) |  | (13,468) |  | (259,212) |  | (268,529) |  | (13,428) |  | (281,957) |
The table below sets forth the impact of correcting the error in the Consolidated Statements of Cash Flows.
(Thousands of Dollars) | Year Ended September 26, 2021 | Year Ended September 27, 2020
| As previously reported | Adjustment | As Revised | As previously reported | Adjustment | As Revised
Operating Activities |  |  |  |  |  |
Net income (loss) | 24,832 |  | (40) |  | 24,792 |  | (1,261) |  | 1,131 |  | (130) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |  |  |
Deferred income taxes | 5,120 |  | 40 |  | 5,160 |  | (3,560) |  | (1,131) |  | (4,691) |
Unaudited Interim Financial Information The tables below sets forth the impact of the error correction on the unaudited interim Consolidated Balance Sheets for the interim periods in 2022. The error had no impact on the unaudited interim Consolidated Statements of Income (Loss) and Comprehensive Income (Loss), and Statements of Cash Flows, in the 2022 interim periods.
(Thousands of Dollars) | As of December 26, 2021 | As of March 27, 2022
| As previously reported | Adjustment | As Revised | As previously reported | Adjustment | As Revised
Liabilities |  |  |  |  |  |
Deferred incomes taxes | 38,957 |  | 13,468 |  | 52,425 |  | 38,397 |  | 13,468 |  | 51,865 |
Total liabilities | 768,744 |  | 13,468 |  | 782,212 |  | 740,032 |  | 13,468 |  | 753,500 |
Accumulated deficit | (233,086) |  | (13,468) |  | (246,554) |  | (240,362) |  | (13,468) |  | (253,830) |
Total stockholders' equity | 60,912 |  | (13,468) |  | 47,444 |  | 53,129 |  | (13,648) |  | 39,481 |
Total equity | 63,105 |  | (13,468) |  | 49,637 |  | 55,369 |  | (13,468) |  | 41,901 |
Total liabilities and stockholders' equity | 831,849 |  | — |  | 831,849 |  | 795,401 |  | — |  | 795,401 |
(Thousands of Dollars) | As of June 26, 2022
| As previously reported | Adjustment | As Revised
Liabilities |  |  |
Deferred incomes taxes | 37,295 |  | 13,468 |  | 50,763 |
Total liabilities | 740,221 |  | 13,468 |  | 753,689 |
Accumulated deficit | (240,631) |  | (13,468) |  | (254,099) |
Total stockholders' equity | 52,391 |  | (13,468) |  | 41,147 |
Total equity | 54,615 |  | (13,468) |  | 41,147 |
Total liabilities and stockholders' equity | 794,836 |  | — |  | 794,836 |

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- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794 + Details
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