EARNINGS (LOSS) PER SHARE

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



	2017		2016			2015
Net income (loss) available to Conagra Brands, Inc. common stockholders:
Income from continuing operations attributable to Conagra Brands, Inc. common stockholders	$	544.1	$	126.6		$	448.8
Income (loss) from discontinued operations, net of tax, attributable to Conagra Brands, Inc. common stockholders	95.2		(803.6		)	(701.4		)
Net income (loss) attributable to Conagra Brands, Inc. common stockholders	$	639.3	$	(677.0	)	$	(252.6	)
Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated	0.8		4.8			1.7
Net income (loss) available to Conagra Brands, Inc. common stockholders	$	638.5	$	(681.8	)	$	(254.3	)
Weighted average shares outstanding:
Basic weighted average shares outstanding	431.9		434.4			426.1
Add: Dilutive effect of stock options, restricted stock unit awards, and other dilutive securities	4.1		4.1			5.2
Diluted weighted average shares outstanding	436.0		438.5			431.3

For fiscal 2017, 2016, and 2015, there were 0.8 million, 0.4 million, and 3.3 million stock options outstanding, respectively, that were excluded from the computation of shares contingently issuable upon exercise of the stock options because exercise prices exceeded the average market value of our common stock during the period.