Earnings Per Common Share

12 Months Ended

Sep. 24, 2023

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)	2023	2022	2021

(Loss) income attributable to Lee Enterprises, Incorporated:	(5,267)	(2,017)	22,745

Weighted average Common Stock	6,037	5,946	5,873
Less non-vested restricted Common Stock	(170)	(167)	(156)
Basic average Common Stock	5,867	5,779	5,717
Dilutive stock options and restricted Common Stock	—	—	109
Diluted average Common Stock	5,867	5,779	5,826
Earnings per common share:
Basic:	(0.90)	(0.35)	3.98
Diluted	(0.90)	(0.35)	3.90

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 2023 and 2022 we had 48,955 and 74,304 weighted average shares, respectively, not considered in the computation of diluted earnings per share because the Company recorded net losses.