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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Oct. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Results of Operations
The quarterly results of operations for 2020 and 2019 are shown below:
2020
(in millions, except per share amounts)January 31,April 30,July 31,October 31,
Net sales$1,112.4 $1,158.3 $1,083.0 $1,161.3 
Gross profit$222.6 $240.7 $219.7 $231.7 
Net income(1)
$36.1 $15.8 $24.4 $48.0 
Net income attributable to Greif, Inc.(1)
$32.3 $11.4 $20.7 $44.4 
Earnings per share
Basic:
Class A Common Stock$0.55 $0.19 $0.35 $0.74 
Class B Common Stock$0.81 $0.29 $0.52 $1.12 
Diluted:
Class A Common Stock$0.55 $0.19 $0.35 $0.74 
Class B Common Stock$0.81 $0.29 $0.52 $1.12 
Earnings per share were calculated using the following number of shares:
Basic:
Class A Common Stock26,260,943 26,386,439 26,441,986 26,441,986 
Class B Common Stock22,007,725 22,007,725 22,007,725 22,007,725 
Diluted:
Class A Common Stock26,414,280 26,386,439 26,442,595 26,512,331 
Class B Common Stock22,007,725 22,007,725 22,007,725 22,007,725 
Market price (Class A Common Stock):
High$44.63 $40.82 $40.56 $43.82 
Low$38.64 $24.10 $27.57 $34.44 
Close$38.77 $33.08 $34.38 $40.59 
Market price (Class B Common Stock):
High$51.40 $48.45 $43.65 $47.19 
Low$45.05 $30.80 $34.94 $38.29 
Close$45.05 $38.50 $38.67 $43.25 
(1) The Company recorded the following transactions during the fourth quarter of 2020: (i) acquisition and integration related costs of $3.5 million; (ii) restructuring charges of $11.9 million; (iii) non-cash asset impairment charges of $1.6 million; (v) (gain) on disposals of properties, plants, equipment, net of $(17.1) million; and (vi) loss on disposals of businesses, net of $0.9 million. See the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.
2019
(in millions, except per share amounts)January 31April 30July 31October 31
Net sales$897.0 $1,213.3 $1,252.6 $1,232.1 
Gross profit$172.8 $248.7 $279.4 $259.0 
Net income(1)
$35.8 $21.1 $67.5 $69.8 
Net income attributable to Greif, Inc.(1)
$29.7 $13.6 $62.7 $65.0 
Earnings per share
Basic:
Class A Common Stock$0.51 $0.23 $1.06 $1.09 
Class B Common Stock$0.75 $0.34 $1.59 $1.65 
Diluted:
Class A Common Stock$0.51 $0.23 $1.06 $1.09 
Class B Common Stock$0.75 $0.34 $1.59 $1.65 
Earnings per share were calculated using the following number of shares:
Basic:
Class A Common Stock25,991,433 26,250,460 26,257,943 26,257,943 
Class B Common Stock22,007,725 22,007,725 22,007,725 22,007,725 
Diluted:
Class A Common Stock25,991,433 26,255,112 26,257,943 26,360,148 
Class B Common Stock22,007,725 22,007,725 22,007,725 22,007,725 
Market price (Class A Common Stock):
High$49.28 $41.49 $39.15 $40.59 
Low$31.22 $37.10 $30.74 $30.05 
Close$37.67 $38.59 $34.57 $39.17 
Market price (Class B Common Stock):
High$50.55 $48.57 $47.69 $48.76 
Low$36.87 $42.48 $41.10 $37.96 
Close$43.18 $47.23 $42.39 $47.03 
(1)The Company recorded the following significant transactions during the fourth quarter of 2019: (i) acquisition and integration related costs of $7.5 million; (ii) restructuring charges of $5.8 million; (iii) non-cash asset impairment charges of $5.7 million; (iv) (gain) on disposals of properties, plants, equipment, net of ($6.8) million; and (v) loss on disposals of businesses, net of $0.7 million. See the Company's Form 10-Q filings with the SEC for prior quarter significant transactions or trends.