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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Oct. 31, 2011
Quarterly Financial Data (Unaudited) [Abstract]  
Quarterly results of operations
                                 
2011   January 31     April 30     July 31     October 31  
         

Net sales

  $ 943,792     $ 1,050,766     $ 1,121,902     $ 1,131,494  
         

Gross profit

  $ 176,085     $ 207,354     $ 211,331     $ 206,355  
         

Net income(1)

  $ 41,097     $ 50,591     $ 64,974     $ 20,512  
         

Net income attributable to Greif, Inc.(1)

  $ 41,441     $ 50,884     $ 62,940     $ 20,775  
         

Earnings per share

                               
         

Basic:

                               
         

Class A Common Stock

  $ 0.71     $ 0.87     $ 1.08     $ 0.36  
         

Class B Common Stock

  $ 1.06     $ 1.31     $ 1.61     $ 0.53  
         

Diluted:

                               
         

Class A Common Stock

  $ 0.71     $ 0.87     $ 1.07     $ 0.36  
         

Class B Common Stock

  $ 1.06     $ 1.31     $ 1.61     $ 0.53  
         

Earnings per share were calculated using the following number of shares:

                               
         

Basic:

                               
         

Class A Common Stock

    24,787,857       24,825,768       24,897,665       24,967,000  
         

Class B Common Stock

    22,412,266       22,385,922       22,362,266       22,238,920  
         

Diluted:

                               
         

Class A Common Stock

    25,062,556       25,106,844       25,100,003       25,069,409  
         

Class B Common Stock

    22,412,266       22,385,922       22,362,266       22,238,920  
         

Market price (Class A Common Stock):

                               
         

High

  $ 65.76     $ 67.02     $ 67.57     $ 61.73  
         

Low

  $ 57.81     $ 60.67     $ 60.53     $ 40.77  
         

Close

  $ 63.05     $ 62.10     $ 61.05     $ 44.78  
         

Market price (Class B Common Stock):

                               
         

High

  $ 63.00     $ 62.85     $ 62.50     $ 58.61  
         

Low

  $ 56.75     $ 57.96     $ 57.84     $ 40.55  
         

Close

  $ 60.45     $ 58.21     $ 58.33     $ 45.60  

 

(1) We recorded the following significant transactions during the fourth quarter of 2011: (i) restructuring charges of $19.1 million and (ii) acquisition-related charges of $5.2 million. Refer to Form 10-Q filings, as previously filed with the SEC, for prior quarter significant transactions or trends.
Previously stated and corrected consolidated balance sheet
                                 
2010   January 31     April 30     July 31     October 31  

Net sales

  $ 709,682     $ 836,580     $ 921,333     $ 993,942  
         

Gross profit

  $ 137,712     $ 168,516     $ 191,039     $ 206,395  
         

Net income(1)

  $ 26,231     $ 44,832     $ 67,759     $ 76,635  
         

Net income attributable to Greif, Inc.(1)

  $ 24,819     $ 42,634     $ 65,975     $ 76,557  
         

Earnings per share

                               
         

Basic:

                               
         

Class A Common Stock

  $ 0.43     $ 0.73     $ 1.13     $ 1.31  
         

Class B Common Stock

  $ 0.63     $ 1.10     $ 1.70     $ 1.97  
         

Diluted:

                               
         

Class A Common Stock

  $ 0.43     $ 0.73     $ 1.12     $ 1.30  
         

Class B Common Stock

  $ 0.63     $ 1.10     $ 1.70     $ 1.97  
         

Earnings per share were calculated using the following number of shares:

                               
         

Basic:

                               
         

Class A Common Stock

    24,545,131       24,637,648       24,687,006       24,747,669  
         

Class B Common Stock

    22,462,266       22,462,266       22,444,488       22,412,266  
         

Diluted:

                               
         

Class A Common Stock

    24,907,553       25,008,915       24,999,901       25,078,601  
         

Class B Common Stock

    22,462,266       22,462,266       22,444,488       22,412,266  
         

Market price (Class A Common Stock):

                               
         

High

  $ 59.31     $ 61.02     $ 60.84     $ 61.31  
         

Low

  $ 48.36     $ 46.01     $ 50.00     $ 54.90  
         

Close

  $ 48.36     $ 59.18     $ 59.63     $ 58.74  
         

Market price (Class B Common Stock):

                               
         

High

  $ 53.42     $ 57.80     $ 57.75     $ 58.99  
         

Low

  $ 45.20     $ 45.62     $ 47.00     $ 52.87  
         

Close

  $ 48.59     $ 57.00     $ 57.35     $ 58.00  

 

(1) We recorded the following significant transactions during the fourth quarter of 2010: (i) restructuring charges of $6.2 million and (ii) acquisition-related charges of $7.1 million. Refer to Form 10-Q filings, as previously filed with the SEC, for prior quarter significant transactions or trends.