XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.1
Earnings Per Common Share
6 Months Ended
Mar. 26, 2023
Earnings Per Share [Abstract]  
Earnings Per Common Share EARNINGS PER COMMON SHARE
The following table sets forth the computation of basic and diluted earnings per common share:
Three months ended Six months ended
(Thousands of Dollars and Shares, Except Per Share Data)March 26,
2023
March 27,
2022
March 26,
2023
March 27,
2022
(Loss) income attributable to Lee Enterprises, Incorporated:(5,885)(7,276)(4,786)5,382 
Weighted average common shares5,996 5,955 6,018 5,919 
Less weighted average restricted Common Stock(173)(178)(172)(167)
Basic average common shares5,823 5,777 5,846 5,752 
Dilutive stock options and restricted Common Stock— — — 107 
Diluted average common shares5,823 5,777 5,846 5,859 
Earnings per common share:    
Basic(1.01)(1.26)(0.82)0.94 
Diluted(1.01)(1.26)(0.82)0.92 
For the three months ended March 26, 2023 and March 27, 2022, 68,186 and 600,000 shares, respectively, were not considered in the computation of diluted earnings per common share because their inclusion would result in an anti-dilutive effect on per share amounts. For the six months ended March 26, 2023 and March 27, 2022, 68,186 and 600,000 shares, respectively, were not considered in the computation of diluted earnings per common share because their inclusion would result in an anti-dilutive effect on per share amounts.