EARNINGS PER SHARE

3 Months Ended

Aug. 30, 2020

Earnings Per Share [Abstract]

EARNINGS PER SHARE

8. 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 30, 2020		August 25, 2019
Net income attributable to Conagra Brands, Inc. common stockholders:	$	329.0	$	173.8
Weighted average shares outstanding:
Basic weighted average shares outstanding		488.2		486.8
Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities		1.7		1.1
Diluted weighted average shares outstanding		489.9		487.9

For the first quarter of fiscal 2021 and 2020, there were 1.0 million and 2.1 million stock options outstanding, respectively, that were excluded from the computation of diluted weighted average shares because the effect was antidilutive.