Stock-Based Compensation (Tables)

9 Months Ended

Feb. 22, 2015

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
	Nine Months Ended
	February 22, 2015			February 23, 2014
Weighted-average fair value	$	10.59		$	12.05
Dividend yield	4.5		%	4.4		%
Expected volatility of stock	37.3		%	39.6		%
Risk-free interest rate	2.1		%	1.9		%
Expected option life (in years)	6.5			6.4

Summary Of Darden Stock Unit Activity

The following table presents a summary of our stock-based compensation activity for the nine months ended February 22, 2015:



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units		Darden Stock Units		Performance Stock Units
Outstanding beginning of period	11.2		0.2		2.1		0.3
Awards granted	1.2		—		0.4		0.1
Awards exercised	(2.8	)	(0.1	)	(0.4	)	(0.1	)
Awards forfeited	(0.4	)	—		(0.7	)	(0.2	)
Performance unit adjustment	—		—		—		0.3
Outstanding end of period	9.2		0.1		1.4		0.4

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 22, 2015		February 23, 2014			February 22, 2015		February 23, 2014
Stock options (1)	$	2.4	$	3.6		$	17.1	$	15.1
Restricted stock/restricted stock units (1)	0.5		(0.3		)	1.6		0.5
Darden stock units	4.1		2.2			8.9		10.1
Performance stock units (1)	3.6		0.2			11.6		4.3
Employee stock purchase plan	0.3		0.5			1.0		1.4
Director compensation program/other	0.5		0.1			1.1		1.8
Total stock-based compensation expense	$	11.4	$	6.3		$	41.3	$	33.2


(1)	The increase for the nine months ended February 22, 2015 is primarily attributable to the workforce reduction efforts further discussed in Note 12.