LEE ENTERPRISES, INCORPORATED
PART I. EXHIBIT 11
Computation of Earnings Per Common Share
(In Thousands Except Per Share Amounts)
Three Months Ended June 30, Nine Months Ended June 30,
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1996 1995 1996 1995
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Net income applicable to common
shares $ 17,045 $ 16,435 $ 43,790 $ 44,377
Shares:
Weighted average common shares
outstanding 46,974 47,614 47,126 45,804
Dilutive effect of certain stock
options 964 750 895 672
Average common shares
outstanding as adjusted 47,938 48,364 48,021 46,476
Earnings per common share $ 0.36 $ 0.34 $ 0.91 $ 0.95