EARNINGS PER SHARE

Basic earnings per share is calculated on the basis of weighted average outstanding shares of common stock. Diluted earnings per share is computed on the basis of basic weighted average outstanding shares of common stock 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 26, 2017		November 27, 2016		November 26, 2017		November 27, 2016
Net income available to Conagra Brands, Inc. common stockholders:
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders	$	223.1	$	113.7	$	375.9	$	212.1
Income from discontinued operations, net of tax, attributable to Conagra Brands, Inc. common stockholders	0.4		8.4		0.1		96.2
Net income attributable to Conagra Brands, Inc. common stockholders	$	223.5	$	122.1	$	376.0	$	308.3
Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated	—		0.3		—		0.8
Net income available to Conagra Brands, Inc. common stockholders	$	223.5	$	121.8	$	376.0	$	307.5
Weighted average shares outstanding:
Basic weighted average shares outstanding	406.5		437.7		411.1		438.4
Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities	3.9		3.6		4.0		3.7
Diluted weighted average shares outstanding	410.4		441.3		415.1		442.1

For both the second quarter and first half of fiscal 2018, there were 1.4 million stock options outstanding that were excluded from the computation of diluted weighted average shares because the effect was antidilutive. For the second quarter and first half of fiscal 2017, there were 1.5 million and 1.1 million stock options outstanding, respectively, that were excluded from the calculation.