Stock-Based Compensation (Tables)

3 Months Ended

Aug. 28, 2016

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
	Three Months Ended
	August 28, 2016			August 30, 2015
Weighted-average fair value (1)	$	9.08		$	12.75
Dividend yield	3.5		%	3.3		%
Expected volatility of stock	24.3		%	28.0		%
Risk-free interest rate	1.4		%	1.9		%
Expected option life (in years)	6.5			6.5
Weighted-average exercise price per share (1)	$	59.68		$	65.01

(1) Weighted averages for the three months ended August 30, 2015 were adjusted for the impact of the separation of Four Corners.

Schedule of Nonvested Share Activity

The following table presents a summary of our stock-based compensation activity for the three months ended August 28, 2016:



(in millions)	Stock Options		Restricted Stock/ Restricted Stock Units	Darden Stock Units		Cash-Settled Performance Stock Units		Equity-Settled Performance Stock Units
Outstanding beginning of period	6.32		0.11	1.43		0.21		0.17
Awards granted	0.57		0.03	0.31		—		0.18
Awards exercised/vested	(0.06	)	—	(0.27	)	(0.09	)	—
Awards forfeited	(0.02	)	—	(0.04	)	(0.02	)	(0.01	)
Outstanding end of period	6.81		0.14	1.43		0.10		0.34

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
(in millions)	August 28, 2016		August 30, 2015
Stock options	$	1.6	$	2.5
Restricted stock/restricted stock units	0.4		0.4
Darden stock units	2.6		4.2
Cash-settled performance stock units	—		1.8
Equity-settled performance stock units	1.0		0.3
Employee stock purchase plan	0.3		0.3
Director compensation program/other	0.3		0.7
Total stock-based compensation expense	$	6.2	$	10.2