DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The following amounts summarize the total assets and liabilities of PPC and Installation Services and other discontinued activities which have been segregated from Griffon’s continuing operations and are reported as assets and liabilities of discontinued operations in the consolidated balance sheets:

	At September 30, 2018		At September 30, 2017
Assets of discontinued operations:
Prepaid and other current assets	$	324	$	329
Other long-term assets	2,916		2,960
Total assets of discontinued operations	$	3,240	$	3,289
Liabilities of discontinued operations:
Accrued liabilities, current	$	7,210	$	8,342
Other long-term liabilities	2,648		3,037
Total liabilities of discontinued operations	$	9,858	$	11,379

The following amounts related to the PPC segment have been segregated from Griffon's continuing operations and are reported as discontinued operations:

	For the Year Ended September 30,
	2018			2017			2016
Revenue	$	166,262		$	460,914		$	480,126
Cost of goods and services	132,100			389,416			407,385
Gross profit	34,162			71,498			72,741
Selling, general and administrative expenses	26,303			43,518			45,673
Restructuring charges	—			—			5,900
Total operating expenses	26,303			43,518			51,573
Income from discontinued operations	7,859			27,980			21,168
Other income (expense)
Gain on sale of business	112,964			—			—
Interest expense, net	(155		)	(63		)	(1,234		)
Other, net	(687		)	59			1,018
Total other income (expense)	112,122			(4		)	(216		)
Income from operations of discontinued operations	119,981			27,976			20,952

The following amounts related to PPC have been segregated from Griffon's continuing operations and are reported as assets and liabilities of discontinued operations held for sale in the consolidated balance sheet at September 30, 2017:

	At September 30, 2017
ASSETS
Accounts receivable, net	$	51,768
Inventories, net	45,742
Prepaid and other current assets	11,000
PROPERTY, PLANT AND EQUIPMENT, net	185,940
GOODWILL	57,087
INTANGIBLE ASSETS, net	12,298
OTHER ASSETS	6,889
Total Assets Held for Sale	$	370,724
LIABILITIES
Notes payable and current portion of long-term debt	$	11,163
Accounts payable	36,619
Accrued liabilities	14,553
LONG-TERM DEBT, net	10,549
OTHER LIABILITIES	11,566
Total Liabilities Held for Sale	$	84,450

Restructuring and Related Cost

The following amounts related to the PPC segment have been segregated from Griffon's continuing operations and are reported as discontinued operations:

	For the Year Ended September 30,
	2018			2017			2016
Revenue	$	166,262		$	460,914		$	480,126
Cost of goods and services	132,100			389,416			407,385
Gross profit	34,162			71,498			72,741
Selling, general and administrative expenses	26,303			43,518			45,673
Restructuring charges	—			—			5,900
Total operating expenses	26,303			43,518			51,573
Income from discontinued operations	7,859			27,980			21,168
Other income (expense)
Gain on sale of business	112,964			—			—
Interest expense, net	(155		)	(63		)	(1,234		)
Other, net	(687		)	59			1,018
Total other income (expense)	112,122			(4		)	(216		)
Income from operations of discontinued operations	119,981			27,976			20,952