LEE ENTERPRISES, INCORPORATED AND WHOLLY-OWNED SUBSIDIARIES EXHIBIT 11 - COMPUTATION OF EARNINGS PER SHARE Year Ended September 30, 1995 1994 1993 Amounts In Thousands, Except Per Share Data Number of shares of common stock outstanding at beginning of the period 45,520 46,254 46,256 Weighted average number of shares of common stock issued (reacquired) during the period 700 (56) 80 Weighted average number of common stock equivalents 742 652 584 Weighted average number of shares of common stock outstanding during each period 46,962 46,850 46,920 Net income $58,459 $50,854 $41,236 Earnings per share of common stock $ 1.24 $ 1.09 $ .88