Earnings Per Common Share

12 Months Ended

Sep. 25, 2022

EARNINGS PER COMMON SHARE

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


(Thousands of Dollars and Shares, Except Per Common Share Data)	2022	2021	2020

(Loss) income attributable to Lee Enterprises, Incorporated:	(2,017)	22,745	(1,975)

Weighted average Common Stock	5,946	5,873	5,811
Less non-vested restricted Common Stock	(167)	(156)	(154)
Basic average Common Stock	5,778	5,717	5,657
Dilutive stock options and restricted Common Stock	—	109	37
Diluted average Common Stock	5,778	5,826	5,694
Earnings per common share:
Basic:	(0.35)	3.98	(0.35)
Diluted	(0.35)	3.90	(0.35)

For 2021 we had 600,000 weighted average shares not considered in the computation of diluted earnings per 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 2022 and 2020 we had 74,304 and 600,000 weighted average shares, respectively, not considered in the computation of diluted earnings per share because the Company recorded net losses.