EARNINGS PER SHARE AND STOCK ISSUANCE

On August 11, 2017, we issued 6,353,591 shares of our common stock non-voting in connection with our acquisition of RB Foods (see note 2), which included 828,729 shares from the exercise of the underwriters' option to purchase additional shares. The net proceeds from this issuance, after the underwriting discount and related expenses, was $554.0 million.

The following table sets forth the reconciliation of average shares outstanding (in millions):



	Three months ended		Nine months ended
	August 31, 2018	August 31, 2017	August 31, 2018	August 31, 2017
Average shares outstanding – basic	131.6	126.3	131.4	125.5
Effect of dilutive securities:
Stock options/RSUs/LTPP	1.6	1.5	1.6	1.7
Average shares outstanding – diluted	133.2	127.8	133.0	127.2

The following table sets forth the stock options and RSUs for the three and nine months ended August 31, 2018 and 2017 which were not considered in our earnings per share calculation since they were anti-dilutive (in millions):



	Three months ended		Nine months ended
	August 31, 2018	August 31, 2017	August 31, 2018	August 31, 2017
Anti-dilutive securities	0.3	1.3	0.4	1.1

The following table sets forth the common stock activity for the three and nine months ended August 31, 2018 and 2017 (in millions):



	Three months ended		Nine months ended
	August 31, 2018	August 31, 2017	August 31, 2018	August 31, 2017
Shares issued, net of shares withheld for taxes, under stock options, RSUs, LTPP and employee stock purchase plans	0.5	—	1.0	0.6
Shares issued in connection with RB Foods acquisition	—	6.4	—	6.4
Shares repurchased under the stock repurchase program	0.1	—	0.4	1.4

As of August 31, 2018, $149.3 million remained of the $600 million share repurchase authorization that was authorized by the Board of Directors in March 2015.