Note 9 - Earnings Per Common Share

3 Months Ended

Dec. 29, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

9 EARNINGS PER COMMON SHARE

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

	13 Weeks Ended
	December 29,			December 30,
(Thousands of Dollars and Shares, Except Per Share Data)	2019			2018
Income attributable to Lee Enterprises, Incorporated:		5,320			10,361
Weighted average common shares		57,729			57,303
Less weighted average restricted Common Stock		(1,459	)		(2,099	)
Basic average common shares		56,270			55,204
Dilutive stock options and restricted Common Stock		783			1,497
Diluted average common shares		57,053			56,701
Earnings per common share:
Basic		0.09			0.19
Diluted		0.09			0.18

For the

13

weeks ended

December 29, 2019

and 

December 30, 2018

,

6,384,000

and

6,448,000

, 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.