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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Oct. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Results of Operations | The quarterly results of operations for 2018 and 2017 are shown below:
| 2018
(in millions, except per share amounts) | January 31, |  | April 30, |  | July 31, |  | October 31,
Net sales | $ | 905.7 |  |  | $ | 968.3 |  |  | $ | 1,012.1 |  |  | $ | 987.7 |
Gross profit | $ | 171.7 |  |  | $ | 195.3 |  |  | $ | 217.1 |  |  | $ | 204.8 |
Net income(1) | $ | 60.1 |  |  | $ | 51.9 |  |  | $ | 72.0 |  |  | $ | 45.5 |
Net income attributable to Greif, Inc.(1) | $ | 56.5 |  |  | $ | 45.1 |  |  | $ | 67.7 |  |  | $ | 40.1 |
Earnings per share |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.96 |  |  | $ | 0.77 |  |  | $ | 1.15 |  |  | $ | 0.68 |
Class B Common Stock | $ | 1.44 |  |  | $ | 1.14 |  |  | $ | 1.72 |  |  | $ | 1.03 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | $ | 0.96 |  |  | $ | 0.77 |  |  | $ | 1.15 |  |  | $ | 0.67 |
Class B Common Stock | $ | 1.44 |  |  | $ | 1.14 |  |  | $ | 1.72 |  |  | $ | 1.03 |
Earnings per share were calculated using the following number of shares: |  |  |  |  |  |  |
Basic: |  |  |  |  |  |  |
Class A Common Stock | 25,845,758 |  |  | 25,934,680 |  |  | 25,941,279 |  |  | 25,941,279 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Diluted: |  |  |  |  |  |  |
Class A Common Stock | 25,845,758 |  |  | 25,934,680 |  |  | 25,941,279 |  |  | 26,139,524 |
Class B Common Stock | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |  |  | 22,007,725 |
Market price (Class A Common Stock): |  |  |  |  |  |  |
High | $ | 62.94 |  |  | $ | 59.09 |  |  | $ | 60.89 |  |  | $ | 58.82 |
Low | $ | 49.68 |  |  | $ | 48.80 |  |  | $ | 51.71 |  |  | $ | 44.72 |
Close | $ | 57.76 |  |  | $ | 57.63 |  |  | $ | 54.03 |  |  | $ | 47.30 |
Market price (Class B Common Stock): |  |  |  |  |  |  |
High | $ | 68.71 |  |  | $ | 63.52 |  |  | $ | 64.02 |  |  | $ | 63.50 |
Low | $ | 55.90 |  |  | $ | 52.07 |  |  | $ | 56.01 |  |  | $ | 48.35 |
Close | $ | 61.60 |  |  | $ | 61.56 |  |  | $ | 57.20 |  |  | $ | 51.36 |
(1) The Company recorded the following significant transactions during the fourth quarter of 2018: (i) restructuring charges of $4.8 million; (ii) non-cash asset impairment charges of $4.2 million; (iii) pension settlement charges of $0.9 million; (iv) loss on disposals of properties, plants, equipment, net of $1.9 million; and (v) gain on disposals of businesses, net of $(0.9) million. Refer to the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.
| 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(1) | $ | 8.0 |  |  | $ | 39.9 |  |  | $ | 47.5 |  |  | $ | 39.7 |
Net income attributable to Greif, Inc.(1) | $ | 5.4 |  |  | $ | 36.0 |  |  | $ | 43.9 |  |  | $ | 33.3 |
Earnings 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 disposal 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.

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