BUSINESS SEGMENTS (Tables)

9 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Information on Griffon’s reportable segments is as follows:

	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
REVENUE	2016		2015		2016		2015
Home & Building Products:
AMES	$	122,198	$	140,614	$	406,335	$	432,816
CBP	133,362		131,577		389,657		374,690
Home & Building Products	255,560		272,191		795,992		807,506
Telephonics	91,767		115,340		306,678		304,685
PPC	114,873		124,163		353,786		401,683
Total consolidated net sales	$	462,200	$	511,694	$	1,456,456	$	1,513,874

The following table reconciles segment operating profit to income before taxes:

	For the Three Months Ended June 30,						For the Nine Months Ended June 30,
INCOME BEFORE TAXES	2016			2015			2016			2015
Segment operating profit:
Home & Building Products	$	23,201		$	16,268		$	62,170		$	41,288
Telephonics	9,471			13,284			25,159			29,915
PPC	1,672			8,299			13,569			26,186
Total segment operating profit	34,344			37,851			100,898			97,389
Net interest expense	(12,960		)	(12,150		)	(37,320		)	(35,644		)
Unallocated amounts	(9,625		)	(9,008		)	(28,632		)	(24,852		)
Income before taxes	$	11,759		$	16,693		$	34,946		$	36,893

The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes:

	For the Three Months Ended June 30,						For the Nine Months Ended June 30,
	2016			2015			2016			2015
Segment adjusted EBITDA:
Home & Building Products	$	32,082		$	25,386		$	88,249		$	67,186
Telephonics	12,125			15,712			32,913			37,360
PPC	13,588			14,084			37,154			44,399
Total Segment adjusted EBITDA	57,795			55,182			158,316			148,945
Net interest expense	(12,960		)	(12,150		)	(37,320		)	(35,644		)
Segment depreciation and amortization	(17,551		)	(17,331		)	(51,518		)	(51,556		)
Unallocated amounts	(9,625		)	(9,008		)	(28,632		)	(24,852		)
Restructuring charges	(5,900		)	—			(5,900		)	—
Income before taxes	$	11,759		$	16,693		$	34,946		$	36,893

Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.

	For the Three Months Ended June 30,				For the Nine Months Ended June 30,
DEPRECIATION and AMORTIZATION	2016		2015		2016		2015
Segment:
Home & Building Products	$	8,881	$	9,118	$	26,079	$	25,898
Telephonics	2,654		2,428		7,754		7,445
PPC	6,016		5,785		17,685		18,213
Total segment depreciation and amortization	17,551		17,331		51,518		51,556
Corporate	126		117		361		345
Total consolidated depreciation and amortization	$	17,677	$	17,448	$	51,879	$	51,901
CAPITAL EXPENDITURES
Segment:
Home & Building Products	$	9,148	$	8,644	$	37,263	$	30,019
Telephonics	2,360		1,644		5,598		3,952
PPC	5,648		4,820		19,008		19,985
Total segment	17,156		15,108		61,869		53,956
Corporate	139		544		1,378		1,409
Total consolidated capital expenditures	$	17,295	$	15,652	$	63,247	$	55,365

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

ASSETS	At June 30, 2016		At September 30, 2015
Segment assets:
Home & Building Products	$	1,018,530	$	1,034,032
Telephonics	318,654		302,560
PPC	347,096		343,519
Total segment assets	1,684,280		1,680,111
Corporate	92,013		47,831
Total continuing assets	1,776,293		1,727,942
Assets of discontinued operations	3,348		3,491
Consolidated total	$	1,779,641	$	1,731,433