XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Jun. 25, 2023
Jun. 26, 2022
Operating revenue:        
Total operating revenue $ 171,310 $ 195,037 $ 527,129 $ 587,333
Operating expenses:        
Compensation 63,582 78,126 207,859 246,333
Newsprint and ink 6,346 7,542 20,244 22,254
Other operating expenses 80,010 88,004 249,353 258,665
Depreciation and amortization 7,478 8,818 23,097 27,445
Assets (gain) loss on sales, impairments and other, net (900) 1,086 (4,255) (11,340)
Restructuring costs and other 3,780 6,072 8,120 19,862
Total operating expenses 160,296 189,648 504,418 563,219
Equity in earnings of associated companies 1,194 1,050 3,534 4,211
Operating income 12,208 6,439 26,245 28,325
Non-operating (expense) income:        
Interest expense (10,235) (10,292) (31,144) (31,478)
Curtailment gain 0 0 0 1,027
Pension withdrawal cost 0 0 0 (2,335)
Pension and OPEB related benefit and other, net 555 4,205 2,255 13,525
Total non-operating expense, net (9,680) (6,087) (28,889) (19,261)
Income (loss) before income taxes 2,528 352 (2,644) 9,064
Income tax expense (benefit) 394 156 (1,237) 2,363
Net income (loss) 2,134 196 (1,407) 6,701
Net income attributable to non-controlling interests (631) (465) (1,876) (1,588)
(Loss) income attributable to Lee Enterprises, Incorporated 1,503 (269) (3,283) 5,113
Other comprehensive loss, net of income taxes (140) (1,167) (420) (8,446)
Comprehensive income (loss) attributable to Lee Enterprises, Incorporated $ 1,363 $ (1,436) $ (3,703) $ (3,333)
Earnings (loss) per common share:        
Basic (in dollars per share) $ 0.26 $ (0.05) $ (0.56) $ 0.89
Diluted (in dollars per share) $ 0.25 $ (0.05) $ (0.56) $ 0.87
Advertising and marketing services        
Operating revenue:        
Total operating revenue $ 79,120 $ 91,001 $ 246,406 $ 277,388
Subscription        
Operating revenue:        
Total operating revenue 77,557 89,048 235,838 263,915
Other        
Operating revenue:        
Total operating revenue $ 14,633 $ 14,988 $ 44,885 $ 46,030