SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Sep. 30, 2019

SCHEDULE II

GRIFFON CORPORATION

VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended September 30, 2019, 2018 and 2017

(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, 2019
Allowance for Doubtful Accounts
Bad debts	$	1,824	$	464		(425		)	$	18		$	1,881
Sales returns and allowances	4,584		(2,331		)	3,748			—			6,000
	$	6,408	$	(1,867	)	$	3,323		$	18		$	7,881

Inventory valuation	$	26,065	$	2,774		$	(2,614	)	$	(56	)	$	26,169

Deferred tax valuation allowance	$	8,520	$	2,302		$	—		$	—		$	10,823

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

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