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Earnings Per Share (Tables) | 6 Months Ended
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Apr. 30, 2013
Earnings Per Share [Abstract] |
Computation Earnings Per Share Basic and Diluted | The following table provides EPS information for each period, respectively:
|  | Three months ended |  |  | Six months ended |
|  | April 30, |  |  | April 30, |
(In millions, except per share data) |  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Numerator for basic and diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Greif, Inc. |  | $ | 40.9 |  |  | $ | 39.4 |  |  | $ | 65.8 |  |  | $ | 61.1 |
Cash dividends |  |  | 24.6 |  |  |  | 24.5 |  |  |  | 49.0 |  |  |  | 48.8 |
Undistributed net income attributable to Greif, Inc. |  | $ | 16.3 |  |  | $ | 14.9 |  |  | $ | 16.8 |  |  | $ | 12.3 |
Denominator for basic EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  |  | 25.4 |  |  |  | 25.1 |  |  |  | 25.4 |  |  |  | 25.1 |
Class B common stock |  |  | 22.1 |  |  |  | 22.1 |  |  |  | 22.1 |  |  |  | 22.1 |
Denominator for diluted EPS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  |  | 25.4 |  |  |  | 25.3 |  |  |  | 25.4 |  |  |  | 25.2 |
Class B common stock |  |  | 22.1 |  |  |  | 22.1 |  |  |  | 22.1 |  |  |  | 22.1 |
EPS Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.70 |  |  | $ | 0.68 |  |  | $ | 1.13 |  |  | $ | 1.05 |
Class B common stock |  | $ | 1.05 |  |  | $ | 1.01 |  |  | $ | 1.68 |  |  | $ | 1.57 |
EPS Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.70 |  |  | $ | 0.67 |  |  | $ | 1.13 |  |  | $ | 1.05 |
Class B common stock |  | $ | 1.05 |  |  | $ | 1.01 |  |  | $ | 1.68 |  |  | $ | 1.57 |
Dividends per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 0.84 |  |  | $ | 0.84 |
Class B common stock |  | $ | 0.63 |  |  | $ | 0.63 |  |  | $ | 1.25 |  |  | $ | 1.25 |
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:
|  | 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 |
April 30, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A Common Stock |  |  | 128,000,000 |  |  |  | 42,281,920 |  |  |  | 25,424,224 |  |  |  | 16,857,696 |
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 |  |  | Six months ended |
|  | April 30, |  |  | April 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Class A Common Stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic shares |  |  | 25,390,486 |  |  |  | 25,149,691 |  |  |  | 25,353,441 |  |  |  | 25,101,280 |
Assumed conversion of stock options |  |  | 43,699 |  |  |  | 141,404 |  |  |  | 40,962 |  |  |  | 134,423 |
Diluted shares |  |  | 25,434,185 |  |  |  | 25,291,095 |  |  |  | 25,394,403 |  |  |  | 25,235,703 |
Class B Common Stock: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted shares |  |  | 22,119,966 |  |  |  | 22,120,666 |  |  |  | 22,119,966 |  |  |  | 22,120,816 |

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