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Earnings Per Share (Tables) | 3 Months Ended
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Jan. 31, 2014
Earnings Per Share [Abstract] |
Computation of Earnings Per Share Basic and Diluted | The following table provides EPS information for each period, respectively:
|  | Three months ended |
|  | January 31, |
|  | 2014 |  |  | 2013 |
Numerator for basic and diluted EPS |  |  |  |  |  |  |  |
Net income attributable to Greif, Inc. |  | $ | 29.5 |  |  | $ | 23.6 |
Cash dividends |  |  | 24.4 |  |  |  | 24.4 |
Undistributed net income attributable to Greif, Inc. |  | $ | 5.1 |  |  | $ | (0.8 | )
Denominator for basic EPS |  |  |  |  |  |  |  |
Class A common stock |  |  | 25.5 |  |  |  | 25.3 |
Class B common stock |  |  | 22.1 |  |  |  | 22.1 |
Denominator for diluted EPS |  |  |  |  |  |  |  |
Class A common stock |  |  | 25.5 |  |  |  | 25.4 |
Class B common stock |  |  | 22.1 |  |  |  | 22.1 |
EPS Basic |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.51 |  |  | $ | 0.41 |
Class B common stock |  | $ | 0.75 |  |  | $ | 0.60 |
EPS Diluted |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.51 |  |  | $ | 0.41 |
Class B common stock |  | $ | 0.75 |  |  | $ | 0.60 |
Dividends per share |  |  |  |  |  |  |  |
Class A common stock |  | $ | 0.42 |  |  | $ | 0.42 |
Class B common stock |  | $ | 0.62 |  |  | $ | 0.62 |
Summarization of 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, 2013: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A Common Stock |  |  | 128,000,000 |  |  |  | 42,281,920 |  |  |  | 25,456,724 |  |  |  | 16,825,196 |
Class B Common Stock |  |  | 69,120,000 |  |  |  | 34,560,000 |  |  |  | 22,119,966 |  |  |  | 12,440,034 |
January 31, 2014: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A Common Stock |  |  | 128,000,000 |  |  |  | 42,281,920 |  |  |  | 25,517,398 |  |  |  | 16,764,522 |
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, |
|  | 2014 |  |  | 2013 |
Class A Common Stock: |  |  |  |  |  |  |  |
Basic shares |  |  | 25,470,354 |  |  |  | 25,316,395 |
Assumed conversion of stock options |  |  | 24,993 |  |  |  | 63,352 |
Diluted shares |  |  | 25,495,347 |  |  |  | 25,379,747 |
Class B Common Stock: |  |  |  |  |  |  |  |
Basic and diluted shares |  |  | 22,119,966 |  |  |  | 22,119,966 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21553-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.28,29) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=27011957&loc=d3e177068-122764 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29 -Article 5 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 30 -Article 5 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6403732&loc=d3e21300-112643 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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