XML 78 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Jul. 31, 2010
Net sales $ 1,121,902 $ 921,333 $ 3,116,460 $ 2,467,595
Cost of products sold 910,571 730,294 2,521,690 1,970,328
Gross profit 211,331 191,039 594,770 497,267
Selling, general and administrative expenses 109,094 90,461 329,456 264,511
Restructuring charges 3,396 9,779 11,407 20,566
(Gain) on disposal of properties, plants and equipment, net (9,205) (4,875) (14,141) (6,904)
Operating profit 108,046 95,674 268,048 219,094
Interest expense, net 18,435 15,935 53,817 47,582
Other expense, net 4,495 713 9,911 4,372
Income before income tax expense and equity earnings of unconsolidated affiliates, net 85,116 79,026 204,320 167,140
Income tax expense 21,637 14,408 49,650 31,590
Equity earnings of unconsolidated affiliates, net of tax 1,495 3,141 1,992 3,272
Net income 64,974 67,759 156,662 138,822
Net income attributable to noncontrolling interests (2,034) (1,784) (1,397) (5,394)
Net income attributable to Greif, Inc. $ 62,940 $ 65,975 $ 155,265 $ 133,428
Class A Common Stock
       
Basic earnings per share attributable to Greif, Inc. common shareholders:        
EPS Basic $ 1.08 $ 1.13 $ 2.66 $ 2.29
Diluted earnings per share attributable to Greif, Inc. common share holders:        
EPS Diluted $ 1.07 $ 1.12 $ 2.65 $ 2.28
Class B Common Stock
       
Basic earnings per share attributable to Greif, Inc. common shareholders:        
EPS Basic $ 1.61 $ 1.70 $ 3.98 $ 3.43
Diluted earnings per share attributable to Greif, Inc. common share holders:        
EPS Diluted $ 1.61 $ 1.70 $ 3.98 $ 3.43