Earnings per share

9 Months Ended

Sep. 25, 2011

Earnings per share

NOTE 12 – Earnings per share

The Company’s earnings per share (basic and diluted) are presented below:

(in thousands except per share amounts)	Thirteen weeks ended				Thirty-nine weeks ended
	Sept. 25, 2011		Sept. 26, 2010		Sept. 25, 2011		Sept. 26, 2010
Income from continuing operations attributable to Gannett Co., Inc.	$	99,788	$	101,409	$	341,808	$	393,193
Loss from the operation of discontinued operations, net of tax		—		—		—		(322	)
Gain on disposal of publishing businesses, net of tax		—		—		—		21,195
Net income attributable to Gannett Co., Inc.	$	99,788	$	101,409	$	341,808	$	414,066
Weighted average number of common shares outstanding – basic		239,688		238,467		239,897		238,012
Effect of dilutive securities
Stock options		1,586		1,682		1,501		1,640
Restricted stock		2,076		1,716		2,153		1,672
Weighted average number of common shares outstanding – diluted		243,350		241,865		243,551		241,324
Earnings from continuing operations per share – basic	$	0.42	$	0.43	$	1.42	$	1.65
Earnings from discontinued operations
Discontinued operations per share – basic		—		—		—		—
Gain on disposal of publishing businesses per share – basic		—		—		—		0.09
Net income per share – basic	$	0.42	$	0.43	$	1.42	$	1.74
Earnings from continuing operations per share – diluted	$	0.41	$	0.42	$	1.40	$	1.63
Earnings from discontinued operations
Discontinued operations per share – diluted		—		—		—		—
Gain on disposal of publishing businesses per share – diluted		—		—		—		0.09
Net income per share – diluted	$	0.41	$	0.42	$	1.40	$	1.72