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Earnings per Common Share
 6 Months Ended
Mar. 30, 2014
Earnings Loss Per Common Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings (loss) per common share:
 
 
13 Weeks Ended
 
26 Weeks Ended
 
 
(Thousands of Dollars and Shares, Except Per Share Data)
March 30
2014

March 31
2013

March 30
2014

March 31
2013

 
 
 
 
 
 
 
Income (loss) attributable to Lee Enterprises, Incorporated:
 
 
 
 
 
Continuing operations
1,486

(3,702
)
13,378

9,822

 
Discontinued operations
—

(2,293
)
—

(1,247
)
 
 
1,486

(5,995
)
13,378

8,575

 
Weighted average common shares
53,519

52,296

53,199

52,295

 
Less weighted average restricted Common Stock
1,296

500

1,048

500

 
Basic average common shares
52,223

51,796

52,151

51,795

 
Dilutive stock options and restricted Common Stock
1,575

—

1,390

71

 
Diluted average common shares
53,798

51,796

53,541

51,866

 
Earnings (loss) per common share:
 
 
 
 
 
Basic:
 
 
 
 
 
Continuing operations
0.03

(0.07
)
0.26

0.19

 
Discontinued operations
—

(0.04
)
—

(0.02
)
 
 
0.03

(0.12
)
0.26

0.17

 
Diluted:
 
 
 
 
 
Continuing operations
0.03

(0.07
)
0.25

0.19

 
Discontinued operations
—

(0.04
)
—

(0.02
)
 
 
0.03

(0.12
)
0.25

0.17



For the 13 weeks and 26 weeks ended March 30, 2014, we had 98,000 and 100,000 weighted average shares, respectively, not considered in the computation of diluted earnings per common share because the stock option exercise price was in excess of the fair market value of our Common Stock. No stock options were considered in the computation of loss per common share in the 13 weeks ended March 31, 2013. For the 26 weeks ended March 31, 2013, we had 2,985,000 weighted average shares not considered in the computation of diluted earnings per common share because the stock option exercise price was in excess of the fair market value of our Common Stock.