XML 62 R45.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
--- | ---
Oct. 31, 2017
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations | The quarterly results of operations for 2017 and 2016 are shown below:
| 2017
(in millions, except per share amounts) | January 31, |  | April 30, |  | July 31, |  | October 31,
Net sales | $ | 820.9 |  |  | $ | 887.4 |  |  | $ | 961.8 |  |  | $ | 968.1 |
Gross profit | $ | 163.3 |  |  | $ | 181.9 |  |  | $ | 187.1 |  |  | $ | 182.4 |
Net income (loss) (1) | $ | 8.0 |  |  | $ | 39.9 |  |  | $ | 47.5 |  |  | $ | 39.7 |
Net income (loss) attributable to Greif, Inc.(1) | $ | 5.4 |  |  | $ | 36.0 |  |  | $ | 43.9 |  |  | $ | 33.3 |
Earnings (loss) per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.10 |  |  | $ | 0.61 |  |  | $ | 0.74 |  |  | $ | 0.57 |
Class B Common Stock | $ | 0.13 |  |  | $ | 0.92 |  |  | $ | 1.12 |  |  | $ | 0.85 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.10 |  |  | $ | 0.61 |  |  | $ | 0.74 |  |  | $ | 0.57 |
Class B Common Stock | $ | 0.13 |  |  | $ | 0.92 |  |  | $ | 1.12 |  |  | $ | 0.85 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 25,787,769 |  |  | 25,824,194 |  |  | 25,834,636 |  |  | 25,835,281 |
Class B Common Stock | 22,009,725 |  |  | 22,009,725 |  |  | 22,009,596 |  |  | 22,007,725 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 25,792,441 |  |  | 25,828,882 |  |  | 25,835,294 |  |  | 25,835,281 |
Class B Common Stock | 22,009,725 |  |  | 22,009,725 |  |  | 22,009,596 |  |  | 22,007,725 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 57.72 |  |  | $ | 58.95 |  |  | $ | 60.32 |  |  | $ | 60.01 |
Low | $ | 44.22 |  |  | $ | 51.70 |  |  | $ | 53.55 |  |  | $ | 55.00 |
Close | $ | 56.28 |  |  | $ | 57.75 |  |  | $ | 55.68 |  |  | $ | 55.53 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 70.20 |  |  | $ | 71.31 |  |  | $ | 66.60 |  |  | $ | 65.25 |
Low | $ | 55.05 |  |  | $ | 56.93 |  |  | $ | 54.81 |  |  | $ | 57.58 |
Close | $ | 68.94 |  |  | $ | 65.92 |  |  | $ | 59.26 |  |  | $ | 62.85 |
(1) The Company recorded the following significant transactions during the fourth quarter of 2017: (i) restructuring charges of $4.0 million; (ii) non-cash asset impairment charges of $14.9 million; (iii) pension settlement charges of $1.5 million; (iv) loss on disposals of properties, plants, equipment, net of $3.5 million; and (v) loss on disposals of businesses, net of $3.9 million. Refer to the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.
| 2016
(in millions, except per share amounts) | 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(1) | $ | (9.9 | ) |  | $ | 32.5 |  |  | $ | 46.4 |  |  | $ | 6.5 |
Net income attributable to Greif, Inc.(1) | $ | (11.1 | ) |  | $ | 31.4 |  |  | $ | 46.1 |  |  | $ | 8.5 |
Earnings 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)The Company 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 disposal of businesses, net of $18.6 million. Refer to the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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=84173487&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration