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SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Sep. 30, 2018
SEC Schedule, 12-09, 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, 2018, 2017 and 2016
(in thousands)

Description
Balance at
Beginning of
 Year
 
Recorded to
 Cost and
Expense
 
Accounts
Written Off,
net
 
Other (1)
 
Balance at
End of Year
FOR THE YEAR ENDED SEPTEMBER 30, 2018
 
 
 

 
 

 
 

 
 

Allowance for Doubtful Accounts
 

 
 

 
 

 
 

 
 

Bad debts
$
1,109

 
$
(40
)
 
11

 
$
744

 
$
1,824

Sales returns and allowances
4,857

 
(5,880
)
 
5,208

 
399

 
4,584

 
$
5,966

 
$
(5,920
)
 
$
5,219

 
$
1,143

 
$
6,408

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
16,419

 
$
1,924

 
$
(306
)
 
$
8,028

 
$
26,065

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
17,466

 
$
(8,946
)
 
$
—

 
$
—

 
$
8,520

 
 
 
 
 
 
 
 
 
 
FOR THE YEAR ENDED SEPTEMBER 30, 2017
 
 
 

 
 

 
 

 
 

Allowance for Doubtful Accounts
 

 
 

 
 

 
 

 
 

Bad debts
$
1,217

 
$
279

 
$
(387
)
 
$
—

 
$
1,109

Sales returns and allowances
3,475

 
1,401

 
(19
)
 
—

 
4,857

 
$
4,692

 
$
1,680

 
$
(406
)
 
$
—

 
$
5,966

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
15,338

 
$
851

 
$
203

 
$
27

 
$
16,419

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
12,832

 
$
4,634

 
$
—

 
$
—

 
$
17,466

 
 
 
 
 
 
 
 
 
 
FOR THE YEAR ENDED SEPTEMBER 30, 2016
 
 
 

 
 

 
 

 
 

Allowance for Doubtful Accounts
 

 
 

 
 

 
 

 
 

Bad debts
$
1,628

 
$
349

 
$
(759
)
 
$
(1
)
 
$
1,217

Sales returns and allowances
2,277

 
1,205

 
(7
)
 
—

 
3,475

 
$
3,905

 
$
1,554

 
$
(766
)
 
$
(1
)
 
$
4,692

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
13,003

 
$
2,820

 
$
(728
)
 
$
243

 
$
15,338

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
10,462

 
$
2,370

 
$
—

 
$
—

 
$
12,832

 
 
 
 
 
 
 
 
 
 
Note (1): For the year ended September 30, 2018, Other primarily consists of opening balances of reserves assumed from acquisitions.