Earnings per Common Share

9 Months Ended

Jun. 25, 2017

Earnings Loss Per Common Share [Abstract]

EARNINGS PER COMMON SHARE

The following table sets forth the computation of basic and diluted earnings per common share:



	13 Weeks Ended				39 Weeks Ended
(Thousands of Dollars and Shares, Except Per Share Data)	June 25 2017		June 26 2016		June 25 2017		June 26 2016

Income attributable to Lee Enterprises, Incorporated:	5,995		4,092		24,296		34,557
Weighted average common shares	56,668		55,735		56,401		55,398
Less weighted average restricted Common Stock	(2,515	)	(2,524	)	(2,491	)	(2,222	)
Basic average common shares	54,153		53,211		53,910		53,176
Dilutive stock options and restricted Common Stock	1,302		1,114		1,492		783
Diluted average common shares	55,455		54,325		55,402		53,959
Earnings per common share:
Basic	0.11		0.08		0.45		0.65
Diluted	0.11		0.08		0.44		0.64

For the 13 and 39 weeks ended June 25, 2017, 7,327,000 and 6,617,000, 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. For the 13 and 39 weeks ended June 26, 2016, 6,919,000 and 7,643,000, 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.