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SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Sep. 30, 2014
Valuation and Qualifying Accounts [Abstract]  
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

GRIFFON CORPORATION

VALUATION AND QUALIFYING ACCOUNTS
For the Years Ended September 30, 2014, 2013 and 2012
(in thousands)

Description
Balance at
Beginning of
 Year
 
Recorded to
 Cost and
Expense
 
Accounts
Written Off,
net
 
Other
 
Balance at
End of Year
FOR THE YEAR ENDED SEPTEMBER 30, 2014
 
 
 

 
 

 
 

 
 

Allowance for Doubtful Accounts
 

 
 

 
 

 
 

 
 

Bad debts
$
4,080

 
$
359

 
$
(784
)
 
$
(28
)
 
$
3,627

Sales returns and allowances
2,056

 
3,655

 
(1,985
)
 
(17
)
 
3,709

 
$
6,136

 
$
4,014

 
$
(2,769
)
 
$
(45
)
 
$
7,336

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
15,728

 
$
13,613

 
$
(12,627
)
 
$
(101
)
 
$
16,613

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
13,421

 
$
(666
)
 
$
—

 
$
—

 
$
12,755

 
 
 
 
 
 
 
 
 
 
FOR THE YEAR ENDED SEPTEMBER 30, 2013
 
 
 

 
 

 
 

 
 

Allowance for Doubtful Accounts
 

 
 

 
 

 
 

 
 

Bad debts
$
4,146

 
$
1,813

 
$
(1,888
)
 
$
9

 
$
4,080

Sales returns and allowances
1,287

 
1,860

 
(1,080
)
 
(11
)
 
2,056

 
$
5,433

 
$
3,673

 
$
(2,968
)
 
$
(2
)
 
$
6,136

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
18,787

 
$
5,788

 
$
(8,490
)
 
$
(357
)
 
$
15,728

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
10,541

 
$
2,880

 
$
—

 
$
—

 
$
13,421

 
 
 
 
 
 
 
 
 
 
FOR THE YEAR ENDED SEPTEMBER 30, 2012
 
 
 

 
 

 
 

 
 

Allowance for Doubtful Accounts
 

 
 

 
 

 
 

 
 

Bad debts
$
4,610

 
$
1,469

 
$
(1,744
)
 
$
(189
)
 
$
4,146

Sales returns and allowances
1,462

 
2,018

 
(2,160
)
 
(33
)
 
1,287

 
$
6,072

 
$
3,487

 
$
(3,904
)
 
$
(222
)
 
$
5,433

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
19,557

 
$
3,487

 
$
(3,995
)
 
$
(262
)
 
$
18,787

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
9,481

 
$
1,060

 
$
—

 
$
—

 
$
10,541


Note: This Schedule II is for continuing operations only.