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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Oct. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) The quarterly results of operations for 2016 and 2015 are shown below (Dollars in millions, except per share amounts):
2016 | January 31, |  | April 30, |  | July 31, |  | October 31,
Net sales | $ | 771.4 |  |  | $ | 839.6 |  |  | $ | 845.0 |  |  | $ | 867.6 |
Gross profit | $ | 151.3 |  |  | $ | 173.7 |  |  | $ | 176.5 |  |  | $ | 183.4 |
Net income (loss) (1) | $ | (9.9 | ) |  | $ | 32.5 |  |  | $ | 46.4 |  |  | $ | 6.5 |
Net income (loss) attributable to Greif, Inc.(1) | $ | (11.1 | ) |  | $ | 31.4 |  |  | $ | 46.1 |  |  | $ | 8.5 |
Earnings (loss) per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | (0.19 | ) |  | $ | 0.53 |  |  | $ | 0.78 |  |  | $ | 0.14 |
Class B Common Stock | $ | (0.29 | ) |  | $ | 0.80 |  |  | $ | 1.18 |  |  | $ | 0.22 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | (0.19 | ) |  | $ | 0.53 |  |  | $ | 0.78 |  |  | $ | 0.14 |
Class B Common Stock | $ | (0.29 | ) |  | $ | 0.80 |  |  | $ | 1.18 |  |  | $ | 0.22 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 25,697,512 |  |  | 25,761,733 |  |  | 25,781,146 |  |  | 25,781,791 |
Class B Common Stock | 22,119,966 |  |  | 22,108,942 |  |  | 22,009,725 |  |  | 22,009,725 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 25,704,023 |  |  | 25,766,609 |  |  | 25,783,184 |  |  | 25,785,266 |
Class B Common Stock | 22,119,966 |  |  | 22,108,942 |  |  | 22,009,725 |  |  | 22,009,725 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 33.77 |  |  | $ | 35.56 |  |  | $ | 40.09 |  |  | $ | 49.59 |
Low | $ | 24.05 |  |  | $ | 23.17 |  |  | $ | 32.96 |  |  | $ | 38.92 |
Close | $ | 25.51 |  |  | $ | 34.02 |  |  | $ | 39.77 |  |  | $ | 46.86 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 45.80 |  |  | $ | 47.38 |  |  | $ | 55.48 |  |  | $ | 60.98 |
Low | $ | 34.48 |  |  | $ | 32.91 |  |  | $ | 44.38 |  |  | $ | 50.26 |
Close | $ | 35.11 |  |  | $ | 45.07 |  |  | $ | 52.41 |  |  | $ | 58.25 |
(1) | We recorded the following significant transactions during the fourth quarter of 2016: (i) restructuring charges of $9.0 million; (ii) non-cash asset impairment charges of $6.5 million; (iii) gain on disposals of properties, plants, equipment, net of $0.8 million; and (iv) loss on disposals of businesses, net of $18.6 million. Refer to Form 10-Q filings, as previously filed with the SEC, for prior quarter significant transactions or trends.
2015 | January 31 |  | April 30 |  | July 31 |  | October 31
Net sales | $ | 902.3 |  |  | $ | 915.9 |  |  | $ | 930.0 |  |  | $ | 868.5 |
Gross profit | $ | 153.9 |  |  | $ | 181.1 |  |  | $ | 166.8 |  |  | $ | 168.0 |
Net income(1) | $ | 28.2 |  |  | $ | 20.5 |  |  | $ | 9.3 |  |  | $ | 9.2 |
Net income attributable to Greif, Inc.(1) | $ | 30.1 |  |  | $ | 20.8 |  |  | $ | 8.6 |  |  | $ | 12.4 |
Earnings per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.52 |  |  | $ | 0.35 |  |  | $ | 0.15 |  |  | $ | 0.21 |
Class B Common Stock | $ | 0.76 |  |  | $ | 0.53 |  |  | $ | 0.22 |  |  | $ | 0.32 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.52 |  |  | $ | 0.35 |  |  | $ | 0.15 |  |  | $ | 0.21 |
Class B Common Stock | $ | 0.76 |  |  | $ | 0.53 |  |  | $ | 0.22 |  |  | $ | 0.32 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 25,607,886 |  |  | 25,678,393 |  |  | 25,692,973 |  |  | 25,693,564 |
Class B Common Stock | 22,119,966 |  |  | 22,119,966 |  |  | 22,119,966 |  |  | 22,119,966 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 25,617,814 |  |  | 25,688,653 |  |  | 25,698,547 |  |  | 25,701,264 |
Class B Common Stock | 22,119,966 |  |  | 22,119,966 |  |  | 22,119,966 |  |  | 22,119,966 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 45.94 |  |  | $ | 41.97 |  |  | $ | 41.65 |  |  | $ | 35.97 |
Low | $ | 36.43 |  |  | $ | 34.52 |  |  | $ | 29.43 |  |  | $ | 27.13 |
Close | $ | 36.43 |  |  | $ | 39.29 |  |  | $ | 30.20 |  |  | $ | 32.33 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 47.39 |  |  | $ | 45.89 |  |  | $ | 47.80 |  |  | $ | 47.97 |
Low | $ | 41.47 |  |  | $ | 40.40 |  |  | $ | 36.59 |  |  | $ | 33.42 |
Close | $ | 41.47 |  |  | $ | 45.89 |  |  | $ | 37.13 |  |  | $ | 37.98 |
(1) | We recorded the following significant transactions during the fourth quarter of 2015: (i) restructuring charges of $13.3 million; (ii) non-cash asset impairment charges of $23.6 million; (iii) loss on disposals of properties, plants, equipment, net of $2.3 million; and (iv) loss on disposal of businesses, net of $0.7 million. Refer to Form 10-Q filings, as previously filed with the SEC, for prior quarter significant transactions or trends.
Shares of the Company’s Class A Common Stock and Class B Common Stock are listed on the New York Stock Exchange where the symbols are GEF and GEF.B, respectively. As of December 16, 2016, there were 303 stockholders of record of the Class A Common Stock and 84 stockholders of record of the Class B Common Stock.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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