Earnings Per Share (Tables)

9 Months Ended

Jul. 31, 2011

Earnings Per Share (Tables) [Abstract]

Earnings per share

The following table provides EPS information for each period, respectively:

	Three months ended				Nine months ended
	July 31				July 31
(In thousands, except per share data)	2011		2010		2011		2010
Numerator for basic and diluted EPS
Net income attributable to Greif, Inc.	$	62,940	$	65,975	$	155,265	$	133,428
Cash dividends		24,566		24,507		73,396		68,607
Undistributed net income attributable to Greif, Inc.	$	38,374	$	41,468	$	81,869	$	64,821
Denominator for basic EPS
Class A common stock		24,897,665		24,687,006		24,837,097		24,623,262
Class B common stock		22,362,266		22,444,488		22,386,818		22,456,340
Denominator for diluted EPS
Class A common stock		25,100,003		24,999,901		25,041,395		24,930,839
Class B common stock		22,362,266		22,444,488		22,386,818		22,456,340
EPS Basic
Class A common stock	$	1.08	$	1.13	$	2.66	$	2.29
Class B common stock	$	1.61	$	1.70	$	3.98	$	3.43
EPS Diluted
Class A common stock	$	1.07	$	1.12	$	2.65	$	2.28
Class B common stock	$	1.61	$	1.70	$	3.98	$	3.43
Dividends per share
Class A common stock	$	0.42	$	0.42	$	1.26	$	1.18
Class B common stock	$	0.63	$	0.63	$	1.88	$	1.76

Summarization of the 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:

					Outstanding
	Authorized Shares		Issued Shares		Shares		Treasury Shares
July 31, 2011:
Class A Common Stock		128,000,000		42,281,920		24,957,182		17,324,738
Class B Common Stock		69,120,000		34,560,000		22,362,266		12,197,734
October 31, 2010:
Class A Common Stock		128,000,000		42,281,920		24,756,974		17,524,946
Class B Common Stock		69,120,000		34,560,000		22,412,266		12,147,734

Reconciliation of the 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				Nine months ended
	July 31				July 31
	2011		2010		2011		2010
Class A Common Stock:
Basic shares		24,897,665		24,687,006		24,837,097		24,623,262
Assumed conversion of stock options		202,338		312,895		204,298		307,577
Diluted shares		25,100,003		24,999,901		25,041,395		24,930,839
Class B Common Stock:
Basic and diluted shares		22,362,266		22,444,488		22,386,818		22,456,340