CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY See Notes to Consolidated Financial Statements 16 LEE ENTERPRISES / 2000 Annual Report Year Ended September 30,  Amount Shares 2000 1999  1998 2000 1999 1998 ( In Thousands Except Per Share Data) Common Stock: Balance, beginning . . . . . . . . . . . . . . . . . $ 66,142 $ 65,144 $ 66,719 33,071 32,572 33,359 Conversion from Class B  Common Stock . . . . . . . . . . . . . . . . 770 1,116 649 385 558 325 Shares issued . . . . . . . . . . . . . . . . . . . . 478 286 286 239 143 143 Shares reacquired . . . . . . . . . . . . . . . . (1,250) (404) (2,510) (625) (202) (1,255) Balance, ending . . . . . . . . . . . . . . . . . . . . $ 66,140 $ 66,142 $ 65,144 33,070 33,071 32,572 Class B Common Stock: Balance, beginning . . . . . . . . . . . . . . . . . $ 22,376 $ 23,556 $ 24,298 11,188 11,778 12,149 Conversion to Common Stock . . . . . . . (770) (1,116) (649) (385) (558) (325) Shares reacquired . . . . . . . . . . . . . . . . (126) (64) (93) (63) (32) (46) Balance, ending . . . . . . . . . . . . . . . . . . . . $ 21,480 $ 22,376 $ 23,556 10,740 11,188 11,778 Additional Paid-In Capital: Balance, beginning . . . . . . . . . . . . . . . . . $ 32,641 $ 28,715 $ 25,629 Shares issued . . . . . . . . . . . . . . . . . . . . 4,689 3,926 3,086 Balance, ending . . . . . . . . . . . . . . . . . . . . $ 37,330 $ 32,641 $ 28,715 Unearned Compensation: Balance, beginning . . . . . . . . . . . . . . . . . $ (961) $ (650) $ (493) Restricted shares issued . . . . . . . . . . . . (1,364) (1,081) (714) Restricted shares canceled . . . . . . . . . . 283 45 7 Amortization . . . . . . . . . . . . . . . . . . . . 815 725 550 Balance, ending . . . . . . . . . . . . . . . . . . . . $ (1,227) $ (961) $ (650) Retained Earnings: Balance, beginning . . . . . . . . . . . . . . . . . $ 234,131 $ 202,994 $203,237 Net income . . . . . . . . . . . . . . . . . . . . . . 83,663 67,973 62,233 Cash dividends per share 2000 $.64; 1999 $.60; 1998 $.56 . . . . . . . . . . . . . . . . . . . . . (28,288) (26,623) (25,160) Shares reacquired . . . . . . . . . . . . . . . . (18,062) (10,213) (37,316) Balance, ending . . . . . . . . . . . . . . . . . . . . $ 271,444 $234,131 $202,994 Stockholders’ Equity . . . . . . . . . . . . . . . . . . $ 395,167 $ 354,329 $319,759 43,810 44,259 44,350 Lee Enterprises, Incorporated and Subsidiaries