EARNINGS PER SHARE (Tables)
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6 Months Ended |
Apr. 30, 2019 |
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| Earnings Per Share [Abstract] |
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| 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 Outstanding | | | | | | | | 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 Outstanding | | | | | | | | 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 Outstanding |
| | | *Diluted Class B EPS calculation is identical to Basic Class B calculation |
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| Computation of Earnings Per Share Basic and Diluted |
The following table provides EPS information for each period, respectively: | | | | | | | | | | | | | | | | | | Three Months Ended
April 30, | | Six Months Ended
April 30, | (in millions) | 2019 | | 2018 | | 2019 | | 2018 | Numerator for basic and diluted EPS | | | | | | | | Net income attributable to Greif, Inc. | $ | 13.6 |
| | $ | 45.1 |
| | $ | 43.3 |
| | $ | 101.6 |
| Cash dividends | (26.1 | ) | | (24.8 | ) | | (51.8 | ) | | (49.3 | ) | Undistributed net income (loss) attributable to Greif, Inc. | $ | (12.5 | ) | | $ | 20.3 |
| | $ | (8.5 | ) | | $ | 52.3 |
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| 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 | April 30, 2019 | | | | | | | | Class A Common Stock | 128,000,000 |
| | 42,281,920 |
| | 26,257,943 |
| | 16,023,977 |
| Class B Common Stock | 69,120,000 |
| | 34,560,000 |
| | 22,007,725 |
| | 12,552,275 |
| | | | | | | | | October 31, 2018 | | | | | | | | Class A Common Stock | 128,000,000 |
| | 42,281,920 |
| | 25,941,279 |
| | 16,340,641 |
| Class B Common Stock | 69,120,000 |
| | 34,560,000 |
| | 22,007,725 |
| | 12,552,275 |
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| 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
April 30, | | Six Months Ended
April 30, | | 2019 | | 2018 | | 2019 | | 2018 | Class A Common Stock: | | | | | | | | Basic shares | 26,250,460 |
| | 25,934,680 |
| | 26,120,946 |
| | 25,890,495 |
| Assumed conversion of restricted shares | 4,652 |
| | — |
| | 1,134 |
| | — |
| Diluted shares | 26,255,112 |
| | 25,934,680 |
| | 26,122,080 |
| | 25,890,495 |
| Class B Common Stock: | | | | | | | | Basic and diluted shares | 22,007,725 |
| | 22,007,725 |
| | 22,007,725 |
| | 22,007,725 |
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