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BUSINESS SEGMENTS (Tables)
 9 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes from continuing operations:
 
For the Three Months Ended June 30,
 
For the Nine Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Segment adjusted EBITDA:
 

 
 

 
 

 
 

Home & Building Products
$
50,004

 
$
33,134

 
$
129,250

 
$
92,506

Telephonics
8,760

 
6,784

 
16,956

 
26,678

Total Segment adjusted EBITDA
58,764

 
39,918

 
146,206

 
119,184

Net interest expense
(15,796
)
 
(12,662
)
 
(48,482
)
 
(38,656
)
Segment depreciation and amortization
(13,927
)
 
(12,096
)
 
(39,978
)
 
(36,002
)
Unallocated amounts
(12,016
)
 
(10,613
)
 
(32,993
)
 
(31,379
)
Acquisition costs
(3,598
)
 
—

 
(7,597
)
 
—

Special dividend ESOP charges
(3,220
)
 
—

 
(3,220
)
 
—

Secondary equity offering costs
(1,205
)
 
—

 
(1,205
)
 
—

Cost of life insurance benefit
—

 
—

 
(2,614
)
 
—

Income before taxes from continuing operations
$
9,002

 
$
4,547

 
$
10,117

 
$
13,147

Information on Griffon’s reportable segments from continuing operations is as follows:
 
For the Three Months Ended June 30,
 
For the Nine Months Ended June 30,
REVENUE
2018
 
2017
 
2018
 
2017
Home & Building Products:
 

 
 

 
 

 
 

AMES
$
180,834

 
$
136,132

 
$
503,744

 
$
419,763

ClosetMaid
81,564

 
—

 
233,592

 
—

CBP
177,723

 
140,349

 
470,071

 
406,437

Home & Building Products
440,121

 
276,481

 
1,207,407

 
826,200

Telephonics
76,429

 
81,633

 
225,006

 
267,998

Total consolidated net sales
$
516,550

 
$
358,114

 
$
1,432,413

 
$
1,094,198


The following table reconciles segment operating profit to income before taxes from continuing operations:
 
For the Three Months Ended June 30,
 
For the Nine Months Ended June 30,
INCOME BEFORE TAXES FROM CONTINUING OPERATIONS
2018
 
2017
 
2018
 
2017
Segment operating profit:
 

 
 

 
 

 
 

Home & Building Products
$
38,753

 
$
23,708

 
$
94,982

 
$
64,661

Telephonics
6,084

 
4,114

 
8,866

 
18,521

Segment operating profit from continuing operations
44,837

 
27,822

 
103,848

 
83,182

Net interest expense
(15,796
)
 
(12,662
)
 
(48,482
)
 
(38,656
)
Unallocated amounts
(12,016
)
 
(10,613
)
 
(32,993
)
 
(31,379
)
Acquisition costs
(3,598
)
 
—

 
(5,217
)
 
—

Special dividend ESOP charges
(3,220
)
 
—

 
(3,220
)
 
—

Secondary equity offering costs
(1,205
)
 
 
 
(1,205
)
 
 
Cost of life insurance benefit
—

 
—

 
(2,614
)
 
—

Income before taxes from continuing operations
$
9,002

 
$
4,547

 
$
10,117

 
$
13,147
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

For the Three Months Ended June 30,

For the Nine Months Ended June 30,
DEPRECIATION and AMORTIZATION
2018

2017

2018

2017
Segment:
 

 

 

 
Home & Building Products
$
11,251

 
$
9,426

 
$
31,888

 
$
27,845

Telephonics
2,676

 
2,670

 
8,090

 
8,157

Total segment depreciation and amortization
13,927

 
12,096

 
39,978

 
36,002

Corporate
120

 
125

 
340

 
354

Total consolidated depreciation and amortization
$
14,047

 
$
12,221

 
$
40,318

 
$
36,356













CAPITAL EXPENDITURES
 


 


 


 

Segment:
 


 


 


 

Home & Building Products
$
9,761

 
$
5,853

 
$
24,611

 
$
16,012

Telephonics
1,632

 
1,161

 
6,017

 
4,274

Total segment
11,393

 
7,014

 
30,628

 
20,286

Corporate
127

 
23

 
2,520

 
2,289

Total consolidated capital expenditures
$
11,520

 
$
7,037

 
$
33,148

 
$
22,575