EARNINGS PER SHARE (Tables)

3 Months Ended

Aug. 25, 2019

EARNINGS PER SHARE

Schedule of computation of basic and diluted earnings per common

	Thirteen Weeks Ended
	August 25,		August 26,
	2019		2018
Numerator:
Net income attributable to Lamb Weston Holdings, Inc.	$	115.7	$	107.8
Less: Increase in redemption value of noncontrolling interests in excess of earnings allocated, net of tax benefits (a)		—		0.9
Net income available to Lamb Weston common stockholders	$	115.7	$	106.9
Denominator:
Basic weighted average common shares outstanding		146.2		146.5
Add: Dilutive effect of employee incentive plans (b)		0.8		0.7
Diluted weighted average common shares outstanding		147.0		147.2
Earnings per share (a)
Basic	$	0.79	$	0.73
Diluted	$	0.79	$	0.73

(a) On November 2, 2018, we entered into an agreement to acquire the remaining 50.01% interest in Lamb Weston BSW, LLC (“Lamb Weston BSW”). Our Consolidated Statement of Earnings includes 100% of Lamb Weston BSW’s earnings beginning November 2, 2018.

(b) Potentially dilutive shares of common stock from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options and the assumed vesting of outstanding restricted stock units and performance awards. As of August 25, 2019, an insignificant number of stock-based awards were excluded from the computation of diluted earnings per share because they would be antidilutive. As of August 26, 2018, we did not have any stock-based awards that were antidilutive.