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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Oct. 31, 2016
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations | 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.

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