EARNINGS PER SHARE

Earnings per share is computed using the two-class method. The two-class method determines earnings per share for each class of common stock and participating securities according to dividends or dividend equivalents and their respective participation rights in undistributed earnings. Participating securities represent restricted stock units in which the participants have non-forfeitable rights to dividend equivalents during the performance period. Diluted earnings per share includes the effects of certain performance units in which the participants have forfeitable rights to dividend equivalents during the performance period.



	Three Months Ended
Computation of Earnings per Share	May 25, 2018			May 26, 2017
Net income	$	17.0		$	18.1
Adjustment for earnings attributable to participating securities	(0.3		)	(0.3		)
Net income used in calculating earnings per share	$	16.7		$	17.8
Weighted-average common shares outstanding including participating securities (in millions)	118.7			120.0
Adjustment for participating securities (in millions)	(2.1		)	(2.1		)
Shares used in calculating basic earnings per share (in millions)	116.6			117.9
Effect of dilutive stock-based compensation (in millions)	—			0.3
Shares used in calculating diluted earnings per share (in millions)	116.6			118.2
Earnings per share:
Basic	$	0.14		$	0.15
Diluted	$	0.14		$	0.15
Total common shares outstanding at period end (in millions)	116.7			118.0

Anti-dilutive performance units excluded from the computation of diluted earnings per share (in millions)	0.4			0.3