Earnings Per Share

6 Months Ended

Nov. 29, 2014

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

The following table reconciles the numerators and denominators used in the calculations of basic and diluted earnings per share (EPS).

	Three Months Ended					Six Months Ended
	November 29, 2014		November 30, 2013			November 29, 2014		November 30, 2013
Numerators:
Numerator for both basic and diluted EPS, net earnings - in millions	$	27.8	$	(80.6	)	$	53.0	$	(58.1	)
Denominators:
Denominator for basic EPS, weighted-average common shares outstanding	59,445,577		58,923,648			59,370,718		58,825,377
Potentially dilutive shares resulting from stock plans	578,941		—			581,916		—
Denominator for diluted EPS	60,024,518		58,923,648			59,952,634		58,825,377
Antidilutive equity awards not included in weighted-average common shares - diluted	538,380		2,780,570			743,060		2,867,150

The total antidilutive equity awards not included in the weighted-average common shares for the second quarter of fiscal 2015 and fiscal 2014 were 538,380 shares and 2,780,570 shares, respectively. Included within these amounts were options to purchase 507,252 shares and 2,094,277 shares, respectively.

For the six months ended November 29, 2014 and November 30, 2013, the total antidilutive equity shares not included in the weighted-average common shares were 743,060 shares and 2,867,150 shares, respectively. Included within these amounts were options to purchase 716,843 shares and 2,191,741 shares, respectively.

The company has certain share-based payment awards that meet the definition of participating securities. The company has evaluated the impact on EPS of all participating securities under the two-class method, noting the impact on EPS was immaterial.