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CONSOLIDATED STATEMENTS OF (LOSS) INCOME AND COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 23, 2024
Jun. 25, 2023
Jun. 23, 2024
Jun. 25, 2023
Operating revenue:        
Total operating revenue $ 150,578 $ 171,310 $ 452,806 $ 527,129
Operating expenses:        
Compensation 59,278 63,582 175,757 207,859
Newsprint and ink 4,096 6,346 13,101 20,244
Other operating expenses 74,177 80,010 221,247 249,353
Depreciation and amortization 6,850 7,478 21,438 23,097
Assets (gain) loss on sales, impairments and other, net (1,421) (900) 4,727 (4,255)
Restructuring costs and other 3,795 3,780 12,199 8,120
Total operating expenses 146,775 160,296 448,469 504,418
Equity in earnings of associated companies 1,122 1,194 3,869 3,534
Operating income 4,925 12,208 8,206 26,245
Non-operating (expense) income:        
Interest expense (10,082) (10,235) (30,427) (31,144)
Pension and OPEB related benefit and other, net 617 555 1,096 2,255
Curtailment/Settlement gains 0 0 3,593 0
Total non-operating expense, net (9,465) (9,680) (25,738) (28,889)
(Loss) income before income taxes (4,540) 2,528 (17,532) (2,644)
Income tax (benefit) expense (849) 394 (3,438) (1,237)
Net (loss) income (3,691) 2,134 (14,094) (1,407)
Net income attributable to non-controlling interests (575) (631) (1,663) (1,876)
(Loss) income attributable to Lee Enterprises, Incorporated (4,266) 1,503 (15,757) (3,283)
Other comprehensive loss, net of income taxes (147) (140) (2,609) (420)
Comprehensive (loss) income attributable to Lee Enterprises, Incorporated $ (4,413) $ 1,363 $ (18,366) $ (3,703)
(Loss) earnings per common share:        
Basic (in dollars per share) $ (0.73) $ 0.26 $ (2.68) $ (0.56)
Diluted (in dollars per share) $ (0.73) $ 0.25 $ (2.68) $ (0.56)
Advertising and marketing services        
Operating revenue:        
Total operating revenue $ 68,844 $ 79,120 $ 203,865 $ 246,406
Subscription        
Operating revenue:        
Total operating revenue 68,306 77,557 208,872 235,838
Other        
Operating revenue:        
Total operating revenue $ 13,428 $ 14,633 $ 40,069 $ 44,885