XML 28 R16.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE
3 Months Ended
Aug. 26, 2018
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
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
 
August 26,
2018
 
August 27,
2017
Net income attributable to Conagra Brands, Inc. common stockholders:
 
 
 
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders
$
178.2

 
$
152.8

Loss from discontinued operations, net of tax, attributable to Conagra Brands, Inc. common stockholders

 
(0.3
)
Net income attributable to Conagra Brands, Inc. common stockholders
$
178.2

 
$
152.5

Weighted average shares outstanding:
 
 
 
Basic weighted average shares outstanding
391.7

 
415.1

Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities
2.4

 
4.1

Diluted weighted average shares outstanding
394.1

 
419.2


For the first quarter of fiscal 2019 and 2018, there were 0.8 million and 1.3 million stock options outstanding, respectively, that were excluded from the computation of diluted weighted average shares because the effect was antidilutive.