Earnings Per Share (Tables)

12 Months Ended

Oct. 31, 2016

Earnings Per Share [Abstract]

Computation of Class Based Basic and Diluted Earnings Per Share

The Company calculates EPS as follows:

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

(In millions except per share data)	2016			2015			2014
Numerator
Numerator for basic and diluted EPS –
Net income attributable to Greif	$	74.9		$	71.9		$	91.5
Cash dividends	98.7			98.7			98.6
Undistributed net loss attributable to Greif, Inc.	$	(23.8	)	$	(26.8	)	$	(7.1	)
Denominator
Denominator for basic EPS –
Class A common stock	25.8			25.7			25.5
Class B common stock	22.1			22.1			22.1
Denominator for diluted EPS –
Class A common stock	25.8			25.7			25.5
Class B common stock	22.1			22.1			22.1
EPS Basic
Class A common stock	$	1.28		$	1.23		$	1.56
Class B common stock	$	1.90		$	1.83		$	2.33
EPS Diluted
Class A common stock	$	1.28		$	1.23		$	1.56
Class B common stock	$	1.90		$	1.83		$	2.33

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 at the specified dates:

	Authorized Shares	Issued Shares	Outstanding Shares	Treasury Shares
October 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:

For the years ended October 31,	2016	2015	2014
Class A Common Stock:
Basic shares	25,755,545	25,668,204	25,547,650
Assumed conversion of stock options	1,348	5,901	5,336
Diluted shares	25,756,893	25,674,105	25,552,986
Class B Common Stock:
Basic and diluted shares	22,062,089	22,119,966	22,119,966