Earnings Per Share (Tables)

3 Months Ended

Jan. 31, 2017

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 January 31,
	2017			2016
Numerator for basic and diluted EPS
Net income (loss) attributable to Greif, Inc.	$	5.4		$	(11.1	)
Cash dividends	(24.5		)	(24.5		)
Undistributed net income (loss) attributable to Greif, Inc.	$	(19.1	)	$	(35.6	)

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
January 31, 2017
Class A Common Stock	128,000,000	42,281,920	25,811,051	16,470,869
Class B Common Stock	69,120,000	34,560,000	22,009,725	12,550,275
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

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 January 31,
	2017	2016
Class A Common Stock:
Basic shares	25,787,769	25,697,512
Assumed conversion of stock options	4,672	6,511
Diluted shares	25,792,441	25,704,023
Class B Common Stock:
Basic and diluted shares	22,009,725	22,119,966