XML 44 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1
BUSINESS SEGMENTS (Tables)
3 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information on Griffon’s reportable segments from continuing operations is as follows:
 
For the Three Months Ended December 31,
REVENUE
2017
 
2016
Home & Building Products:
 

 
 

AMES
$
139,982

 
$
120,724

CBP
154,236

 
143,460

ClosetMaid
76,760

 

Home & Building Products
370,978

 
264,184

Telephonics
66,325

 
88,093

Total consolidated net sales
$
437,303

 
$
352,277


The following table reconciles segment operating profit to income before taxes from continuing operations:
 
For the Three Months Ended December 31,
INCOME BEFORE TAXES FROM CONTINUING OPERATIONS
2017
 
2016
Segment operating profit:
 

 
 

Home & Building Products
$
27,751

 
$
22,640

Telephonics
1,480

 
5,391

Segment operating profit from continuing operations
29,231

 
28,031

Net interest expense
(16,642
)
 
(13,289
)
Unallocated amounts
(10,436
)
 
(10,311
)
Acquisition costs
(1,612
)
 

Cost of life insurance benefit
(2,614
)
 

Income (loss) before taxes from continuing operations
$
(2,073
)
 
$
4,431

The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes from continuing operations:
 
For the Three Months Ended December 31,
 
2017
 
2016
Segment adjusted EBITDA:
 

 
 

Home & Building Products
$
39,457

 
$
31,807

Telephonics
4,199

 
8,108

Total Segment adjusted EBITDA
43,656

 
39,915

Net interest expense
(16,642
)
 
(13,289
)
Segment depreciation and amortization
(12,852
)
 
(11,884
)
Unallocated amounts
(10,436
)
 
(10,311
)
Acquisition costs
(3,185
)
 

Cost of life insurance benefit
(2,614
)
 

Income (loss) before taxes from continuing operations
$
(2,073
)
 
$
4,431

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

For the Three Months Ended December 31,
DEPRECIATION and AMORTIZATION
2017

2016
Segment:
 

 
Home & Building Products
$
10,133

 
$
9,167

Telephonics
2,719

 
2,717

Total segment depreciation and amortization
12,852

 
11,884

Corporate
106

 
104

Total consolidated depreciation and amortization
$
12,958

 
$
11,988







CAPITAL EXPENDITURES
 


 

Segment:
 


 

Home & Building Products
$
6,658

 
$
6,391

Telephonics
1,943

 
1,296

Total segment
8,601

 
7,687

Corporate
2,184

 
3

Total consolidated capital expenditures
$
10,785

 
$
7,690