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Earnings Per Share (Tables)
 3 Months Ended
Jan. 31, 2013
Computation Earnings Per Share Basic and Diluted

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

 

     Three months ended  
     January 31,  

(In millions, except per share data)

    2013      2012  

Numerator for basic and diluted EPS

      

Net income attributable to Greif, Inc.

    $ 24.9       $ 21.7   

Cash dividends

      24.4         24.3   
  

 

 

     

 

 

  

Undistributed net income attributable to Greif, Inc.

    $ 0.5       $ (2.6 ) 

Denominator for basic EPS

      

Class A common stock

      25.3         25.1   

Class B common stock

      22.1         22.1   

Denominator for diluted EPS

      

Class A common stock

      25.4         25.2   

Class B common stock

      22.1         22.1   

EPS Basic

      

Class A common stock

    $ 0.43       $ 0.38   

Class B common stock

    $ 0.63       $ 0.55   

EPS Diluted

      

Class A common stock

    $ 0.43       $ 0.38   

Class B common stock

    $ 0.63       $ 0.55   

Dividends per share

      

Class A common stock

    $ 0.42       $ 0.42   

Class B common stock

    $ 0.62       $ 0.63   
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 as of the specified dates:

 

                   Outstanding         
     Authorized Shares      Issued Shares      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   

January 31, 2013:

            

Class A Common Stock

      128,000,000         42,281,920         25,346,075         16,935,845   

Class B Common Stock

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

 

     Three months ended  
     January 31,  
     2013      2012  

Class A Common Stock:

      

Basic shares

      25,316,395         25,052,868   

Assumed conversion of stock options

      65,682         141,377   

Diluted shares

      25,382,077         25,194,245   

Class B Common Stock:

      

Basic and diluted shares

      22,119,966         22,120,966