LEE ENTERPRISES / 2000 Annual Report 23 NOTE 11: Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands except per share amounts): Year Ended September 30, 2000 1999 1998 Numerator: Income applicable  to common shares: Income from continuing operations. . . . . . . . . . . .  $ 69,875 $ 56,821 $ 47,674 Income from discontinued operations. .  13,788 11,152 14,559 $ 83,663 $ 67,973 $ 62,233 Denominator: Basic – weighted average common shares outstanding . . . . . . . . . . . .  44,005 44,273 44,829 Dilutive effect of employee stock options . . . . . . . . . . .  355 588 728 Diluted outstanding shares. .  44,360 44,861 45,557 Basic earnings per share: Income from continuing operations . . . . . . . . . . . . .  $ 1.59 $ 1.29 $ 1.07 Income from discontinued operations . . . . . . . . . . . . .  0.31 0.25 0.32 Net income . . . . . . . . .  $ 1.90 $ 1.54 $ 1.39 Diluted earnings per share: Income from continuing operations . . . . . . . . . . . . .  $ 1.58 $ 1.27 $ 1.05 Income from discontinued operations . . . . . . . . . . . . .  0.31 0.25 0.32 Net income . . . . . . . . .  $ 1.89 $ 1.52 $ 1.37 NOTE 12: Other Information Balance sheet information: Other current assets consist of the following: September 30, 2000 1999 1998 (In Thousands) Program rights . . . . . . . . . . .  $ – $ 9,650 $ 8,140 Deferred income taxes . . . . .  4,327 5,595 5,038 Other . . . . . . . . . . . . . . . . . .  3,053 4,577 3,714 $ 7,380 $ 19,822 $ 16,892 Intangibles consist of the following: September 30, 2000 1999 1998 (In Thousands) Goodwill. . . . . . . . . . . . . . . .  $ 296,130 $ 345,937 $ 332,821 Less accumulated amortization . . . . . . . . . . . .  54,170 71,503 63,584 241,960 274,434 269,237 Noncompete covenants and consulting agreements . . . .  23,878 28,023 28,213 Less accumulated amortization . . . . . . . . . . . .  22,552 25,497 23,522 1,326 2,526 4,691 Customer lists, broadcasting licenses and agreements, and newspaper subscriber lists. .  113,084 159,805 157,011 Less accumulated  amortization . . . . . . . . . . . .  23,850 40,373 32,828 89,234 119,432 124,183 $ 332,520 $ 396,392 $ 398,111 Compensation and other accruals consist of the following: September 30, 2000 1999 1998 (In Thousands) Compensation . . . . . . . . . . . .  $ 9,136 $ 11,214 $ 12,092 Vacation pay. . . . . . . . . . . . .  4,695 5,402 4,384 Retirement and stock purchase plans . . . . . . . . . .  4,915 5,324 5,005 Interest . . . . . . . . . . . . . . . . .  6,022 9 519 Other . . . . . . . . . . . . . . . . . .  2,835 4,602 4,966 $ 27,603 $ 26,551 $ 26,966 Cash flows information: Year Ended September 30, 2000 1999 1998 (In Thousands) Cash payments for: Interest, net of capitalized interest 2000 $1,389; 1999 $703; 1998 $169 . . . .  $ 6,630 $ 13,373 $ 15,731 Income taxes. . . . . . . . . . . .  $ 42,345 $ 39,528 $ 33,747 Program rights were acquired by issuing long- term contracts as follows . .  $ 7,794 $ 12,417 $ 9,017 Issuance of restricted common stock, net . . . . . . .  $ 1,081 $ 1,006 $ 682 Accounts payable for stock acquired . . . . . . . . . . . . . . .  $ (317) $ 317 $ (10,926) Note received in connection with sale of businesses . . . .  $ – $ 525 $ – Capital expenditures related to broadcast properties . . . .  $ 7,102 $ 7,493 $ 6,825