Stock-Based Compensation (Tables)

9 Months Ended

Feb. 23, 2014

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The weighted-average fair value of non-qualified stock options and the related assumptions used in the Black-Scholes option pricing model were as follows:



	Stock Options Granted During the Nine Months Ended
	February 23, 2014			February 24, 2013
Weighted-average fair value	$	12.05		$	12.22
Dividend yield	4.4		%	4.0		%
Expected volatility of stock	39.6		%	39.7		%
Risk-free interest rate	1.9		%	0.8		%
Expected option life (in years)	6.4			6.5

Summary Of Darden Stock Unit Activity

The following table presents a summary of our stock-based compensation activity for the nine months ended February 23, 2014:



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units		Darden Stock Units		Performance Stock Units
Outstanding beginning of period	11.6		0.2		2.2		0.9
Awards granted	1.7		0.1		0.6		0.3
Awards exercised	(1.4	)	(0.1	)	(0.4	)	(0.2	)
Awards forfeited	(0.3	)	—		(0.2	)	(0.2	)
Outstanding end of period	11.6		0.2		2.2		0.8

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

We recognized expense from stock-based compensation as follows:



	Three Months Ended						Nine Months Ended
(in millions)	February 23, 2014			February 24, 2013			February 23, 2014		February 24, 2013
Stock options (1)	$	4.0		$	4.7		$	16.5	$	14.2
Restricted stock/restricted stock units	(0.1		)	0.7			0.8		2.1
Darden stock units	3.6			1.7			14.6		12.2
Performance stock units	0.2			(0.4		)	4.5		4.8
Employee stock purchase plan	0.5			0.5			1.4		1.4
Director compensation program/other	—			0.1			1.7		1.3
Total stock-based compensation expense	$	8.2		$	7.3		$	39.5	$	36.0


(1)	The increase for the nine months ended February 23, 2014 is primarily attributable to the workforce reduction efforts further discussed in Note 11