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Earnings Per Share (Tables)
9 Months Ended
Jul. 31, 2012
Earnings Per Share [Abstract]  
Earnings per share
                                 
    Three months ended
July 31,
    Nine months ended
July 31,
 

(In millions, except per share data)

  2012     2011     2012     2011  

Numerator for basic and diluted EPS

                               

Net income attributable to Greif, Inc.

  $ 40.7     $ 66.9     $ 105.8     $ 158.4  

Cash dividends

    24.5       24.6       73.3       73.4  
   

 

 

   

 

 

   

 

 

   

 

 

 

Undistributed net income attributable to Greif, Inc.

  $ 16.2     $ 42.3     $ 32.5     $ 85.0  
         

Denominator for basic EPS

                               

Class A common stock

    25.2       24.9       25.1       24.8  

Class B common stock

    22.1       22.4       22.1       22.4  

Denominator for diluted EPS

                               

Class A common stock

    25.3       25.1       25.2       25.0  

Class B common stock

    22.1       22.4       22.1       22.4  

EPS Basic

                               

Class A common stock

  $ 0.70     $ 1.15     $ 1.82     $ 2.72  

Class B common stock

  $ 1.05     $ 1.72     $ 2.72     $ 4.06  

EPS Diluted

                               

Class A common stock

  $ 0.70     $ 1.14     $ 1.82     $ 2.70  

Class B common stock

  $ 1.05     $ 1.72     $ 2.72     $ 4.06  

Dividends per share

                               

Class A common stock

  $ 0.42     $ 0.42     $ 1.26     $ 1.26  

Class B common stock

  $ 0.63     $ 0.63     $ 1.88     $ 1.88  
Summarization of the Company's Class A and Class B common and treasury shares
                                 
    Authorized Shares     Issued Shares     Outstanding
Shares
    Treasury Shares  

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  

July 31, 2012:

                               

Class A Common Stock

    128,000,000       42,281,920       25,212,598       17,069,322  

Class B Common Stock

    69,120,000       34,560,000       22,119,966       12,440,034  
Reconciliation of the shares used to calculate basic and diluted earnings per share
                                 
    Three months ended
July 31,
    Nine months ended
July 31,
 
    2012     2011     2012     2011  

Class A Common Stock:

                               

Basic shares

    25,177,924       24,897,665       25,126,828       24,837,097  

Assumed conversion of stock options

    95,502       215,900       107,124       209,696  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted shares

    25,273,426       25,113,565       25,233,952       25,046,793  
   

 

 

   

 

 

   

 

 

   

 

 

 

Class B Common Stock:

                               

Basic and diluted shares

    22,119,966       22,362,266       22,120,533       22,386,818