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EARNINGS PER SHARE (Tables)
 12 Months Ended
Oct. 31, 2012
Computation Earnings Per Share Basic and Diluted

The following table provides EPS information for each period, respectively:

 

(In millions except per share data)

    2012      2011      2010  

Numerator

         

Numerator for basic and diluted EPS -

         

Net income attributable to Greif

    $ 126.1       $ 177.5       $ 202.8   

Cash dividends

      97.7         97.8         93.1   
  

 

 

     

 

 

     

 

 

  

Undistributed net income attributable to Greif, Inc.

    $ 28.4       $ 79.7       $ 109.7   

Demonimator

         

Denominator for basic EPS -

         

Class A common stock

      25.2         24.9         24.7   

Class B common stock

      22.1         22.3         22.4   

Denominator for diluted EPS -

         

Class A common stock

      25.2         25.0         25.0   

Class B common stock

      22.1         22.3         22.4   

EPS Basic

         

Class A common stock

    $ 2.17       $ 3.05       $ 3.48   

Class B common stock

    $ 3.24       $ 4.56       $ 5.21   

EPS Diluted

         

Class A common stock

    $ 2.17       $ 3.04       $ 3.46   

Class B common stock

    $ 3.24       $ 4.56       $ 5.21   
Summarization of the Company's Class A and Class B Common and Treasury Shares

The following table summarizes the Company’s Class A and Class B common and treasury shares at the specified dates:

 

     Authorized Shares      Issued Shares      Outstanding
Shares		      Treasury Shares  

October 31, 2012:

            

Class A Common Stock

      128,000,000         42,281,920         25,283,465         16,998,455   

Class B Common Stock

      69,120,000         34,560,000         22,119,966         12,440,034   

October 31, 2011:

            

Class A Common Stock

      128,000,000         42,281,920         24,972,029         17,309,891   

Class B Common Stock

      69,120,000         34,560,000         22,120,966         12,439,034   
Reconciliation of the Shares Used to Calculate Basic and Diluted Earnings Per Share

The following is a reconciliation of the shares used to calculate basic and diluted earnings per share:

 

For the years ended October 31,

    2012      2011      2010  

Class A Common Stock:

         

Basic shares

      25,162,686         24,869,573         24,654,364   

Assumed conversion of stock options

      73,306         180,253         299,448   
  

 

 

     

 

 

     

 

 

  

Diluted shares

      25,235,992         25,049,826         24,953,812   
  

 

 

     

 

 

     

 

 

  

Class B Common Stock:

         

Basic and diluted shares

      22,120,391         22,349,844         22,445,322