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Earnings per Common Share
3 Months Ended
Dec. 25, 2016
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 per common share:
 
13 Weeks Ended
 
(Thousands of Dollars and Shares, Except Per Share Data)
December 25
2016

December 27
2015

 
 
 
Income attributable to Lee Enterprises, Incorporated:
12,173

11,237

Weighted average common shares
55,935

54,856

Less weighted average restricted Common Stock
(2,407
)
(1,716
)
Basic average common shares
53,528

53,140

Dilutive stock options and restricted Common Stock
1,873

718

Diluted average common shares
55,401

53,858

Earnings per common share:
 
 
Basic
0.23

0.21

Diluted
0.22

0.21



For the 13 weeks ended December 25, 2016 and December 27, 2015, 6,828,000 and 7,684,000 weighted average shares, respectively, were 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.