EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is calculated on the basis of weighted average outstanding shares of common stock. Diluted earnings (loss) 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 (loss) per share:



	2018		2017		2016
Net income (loss) available to Conagra Brands, Inc. common stockholders:
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders	$	794.1	$	544.1	$	126.6
Income (loss) from discontinued operations, net of tax, attributable to Conagra Brands, Inc. common stockholders	14.3		95.2		(803.6		)
Net income (loss) attributable to Conagra Brands, Inc. common stockholders	$	808.4	$	639.3	$	(677.0	)
Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated	—		0.8		4.8
Net income (loss) available to Conagra Brands, Inc. common stockholders	$	808.4	$	638.5	$	(681.8	)
Weighted average shares outstanding:
Basic weighted average shares outstanding	403.9		431.9		434.4
Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities	3.5		4.1		4.1
Diluted weighted average shares outstanding	407.4		436.0		438.5

For fiscal 2018, 2017, and 2016, there were 1.3 million, 0.8 million, and 0.4 million stock options outstanding, respectively, that were excluded from the computation of diluted weighted average shares because the effect was antidilutive.