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Earnings Per Share (Tables)
 12 Months Ended
Oct. 31, 2015
Earnings Per Share [Abstract]  
Computation of Class Based Basic and Diluted Earnings Per Share

The Company calculates EPS as follows:

 

Basic  

=

 

   

 

40% * Average Class A Shares Outstanding

   *   

 

Undistributed Net Income

   +   

Class A Dividends

Per Share
Class A EPS      40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding      Average Class A Shares Outstanding     
Diluted  

=

 

   

 

40% * Average Class A Shares Outstanding

   *   

 

Undistributed Net Income

   +   

Class A Dividends

Per Share
Class A EPS      40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding      Average Diluted Class A Shares Outstanding     
Basic  

=

 

   

 

60% * Average Class B Shares Outstanding

   *   

 

Undistributed Net Income

   +   

Class B Dividends

Per Share
Class B EPS      40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding      Average Class B Shares Outstanding     
    

*  Diluted Class B EPS calculation is identical to Basic Class B calculation
Computation of Earnings Per Share Basic and Diluted

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

 

(In millions except per share data)

    2015      2014      2013  

Numerator

  

   

Numerator for basic and diluted EPS –

         

Net income attributable to Greif

    $ 71.9       $ 91.5       $ 144.7   

Cash dividends

      98.7         98.6         98.3   
  

 

 

     

 

 

     

 

 

  

Undistributed net (loss) income attributable to Greif, Inc.

    $ (26.8 )     $ (7.1 )     $ 46.4   

Denominator

         

Denominator for basic EPS –

         

Class A common stock

      25.7         25.5         25.4   

Class B common stock

      22.1         22.1         22.1   

Denominator for diluted EPS –

         

Class A common stock

      25.7         25.5         25.4   

Class B common stock

      22.1         22.1         22.1   

EPS Basic

         

Class A common stock

    $ 1.23       $ 1.56       $ 2.47   

Class B common stock

    $ 1.83       $ 2.33       $ 3.70   

EPS Diluted

         

Class A common stock

    $ 1.23       $ 1.56       $ 2.47   

Class B common stock

    $ 1.83       $ 2.33       $ 3.70   
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 at the specified dates:

 

     Authorized Shares      Issued Shares      Outstanding
Shares		      Treasury Shares  

October 31, 2015:

            

Class A Common Stock

      128,000,000         42,281,920         25,693,564         16,588,356   

Class B Common Stock

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

October 31, 2014:

            

Class A Common Stock

      128,000,000         42,281,920         25,603,452         16,678,468   

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:

 

For the years ended October 31,

    2015      2014      2013  

Class A Common Stock:

         

Basic shares

      25,668,204         25,547,650         25,399,256   

Assumed conversion of stock options

      5,901         5,336         23,066   
  

 

 

     

 

 

     

 

 

  

Diluted shares

      25,674,105         25,552,986         25,422,322   
  

 

 

     

 

 

     

 

 

  

Class B Common Stock:

         

Basic and diluted shares

      22,119,966         22,119,966         22,119,966