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EARNINGS PER SHARE
 6 Months Ended
Nov. 24, 2013
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted earnings per share is computed on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, restricted stock unit awards, and other dilutive securities.
The following table reconciles the income and average share amounts used to compute both basic and diluted earnings per share:
 
Thirteen weeks ended
 
Twenty-six weeks ended
 
November 24,
2013
 
November 25,
2012
 
November 24,
2013
 
November 25,
2012
Net income available to ConAgra Foods, Inc. common stockholders:
 
 
 
 
 
 
 
Income from continuing operations attributable to ConAgra Foods, Inc. common stockholders
$
230.3

 
$
212.6

 
$
373.5

 
$
463.1

Income (loss) from discontinued operations, net of tax, attributable to ConAgra Foods, Inc. common stockholders
18.4

 
(1.0
)
 
19.5

 
(1.4
)
Net income attributable to ConAgra Foods, Inc. common stockholders
$
248.7

 
$
211.6

 
$
393.0

 
$
461.7

Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated
0.4

 
0.4

 
0.8

 
0.8

Net income available to ConAgra Foods, Inc. common stockholders
$
248.3

 
$
211.2

 
$
392.2

 
$
460.9

Weighted average shares outstanding:
 
 
 
 
 
 
 
Basic weighted average shares outstanding
421.1

 
405.9

 
421.0

 
406.5

Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities
5.9

 
5.8

 
6.5

 
5.3

Diluted weighted average shares outstanding
427.0

 
411.7

 
427.5

 
411.8


For the second quarter and first half of fiscal 2014, there were 3.6 million and 2.6 million stock options outstanding, respectively, that were excluded from the computation of shares contingently issuable upon the exercise of stock options because exercise prices exceeded the average market value of our common stock during the period. For the second quarter and first half of fiscal 2013, there were 4.9 million and 12.0 million stock options, respectively, excluded from the calculation.