Earnings Per Share (Tables)

9 Months Ended

Jul. 31, 2016

Earnings Per Share [Abstract]

Computation of Class Based Basic and Diluted Earnings Per Share

The Company calculates EPS as follows:

Basic Class A EPS	=	40% * Average Class A Shares Outstanding	*	Undistributed Net Income	+	Class A Dividends Per Share
		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Class A Shares
Diluted Class A EPS	=	40% * Average Class A Shares Outstanding	*	Undistributed Net Income	+	Class A Dividends Per Share
		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Diluted Class A Shares
Basic Class B EPS	=	60% * Average Class B Shares Outstanding	*	Undistributed Net Income	+	Class B Dividends Per Share
		40% * Average Class A Shares Outstanding + 60% * Average Class B Shares Outstanding		Average Class B Shares

* 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:

	Three Months Ended July 31,						Nine Months Ended July 31,
	2016			2015			2016			2015
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$	46.1		$	8.6		$	66.4		$	59.5
Cash dividends	(24.7		)	(24.8		)	(74.0		)	(74.0		)
Undistributed net (loss) income attributable to Greif, Inc.	$	21.4		$	(16.2	)	$	(7.6	)	$	(14.5	)

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 as of the specified dates:

	Authorized Shares	Issued Shares	Outstanding Shares	Treasury Shares
July 31, 2016
Class A Common Stock	128,000,000	42,281,920	25,781,791	16,500,129
Class B Common Stock	69,120,000	34,560,000	22,009,725	12,550,275
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

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:

	Three Months Ended July 31,		Nine Months Ended July 31,
	2016	2015	2016	2015
Class A Common Stock:
Basic shares	25,781,146	25,692,973	25,746,797	25,659,750
Assumed conversion of stock options	2,038	5,574	349	5,574
Diluted shares	25,783,184	25,698,547	25,747,146	25,665,324
Class B Common Stock:
Basic and diluted shares	22,009,725	22,119,966	22,079,544	22,119,966