Earnings per Common Share

9 Months Ended

Jun. 29, 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			39 Weeks Ended
(Thousands of Dollars and Shares, Except Per Share Data)	June 29 2014		June 30 2013	June 29 2014	June 30 2013
Income (loss) attributable to Lee Enterprises, Incorporated:
Continuing operations	(9,746	)	1,795	3,632	11,619
Discontinued operations	—		—	—	(1,247	)
	(9,746	)	1,795	3,632	10,372
Weighted average common shares	53,627		52,325	53,342	52,305
Less weighted average restricted Common Stock	1,283		500	1,126	500
Basic average common shares	52,344		51,825	52,216	51,805
Dilutive stock options, Warrants and restricted Common Stock	—		213	1,439	107
Diluted average common shares	52,344		52,038	53,655	51,912
Earnings (loss) per common share:
Basic:
Continuing operations	(0.19	)	0.03	0.07	0.22
Discontinued operations	—		—	—	(0.02	)
	(0.19	)	0.03	0.07	0.20
Diluted:
Continuing operations	(0.19	)	0.03	0.07	0.22
Discontinued operations	—		—	—	(0.02	)
	(0.19	)	0.03	0.07	0.20

In the 13 weeks ended June 29, 2014 no stock options or Warrants were considered in the computation of loss per common share. For the 39 weeks ended June 29, 2014, we had 2,107,000 weighted average shares not considered in the computation of diluted earnings per common share because the exercise prices of the related stock options and Warrants were in excess of the fair market value of our Common Stock. For the 13 weeks and 39 weeks ended June 30, 2013, we had 1,705,000 and 2,971,000 weighted average shares, respectively, not considered in the computation of diluted earnings per common share because the related stock option exercise prices were in excess of the fair market value of our Common Stock.