BUSINESS SEGMENTS (Tables)

6 Months Ended

Mar. 31, 2020

Information on Griffon’s reportable segments from continuing operations is as follows:



	For the Three Months Ended March 31,				For the Six Months Ended March 31,
REVENUE	2020		2019		2020		2019
Consumer and Professional Products	$	274,912	$	287,732	$	515,988	$	504,206
Home and Building Products	209,829		186,799		451,210		410,094
Defense Electronics	81,609		75,102		147,590		145,855
Total consolidated net sales	$	566,350	$	549,633	$	1,114,788	$	1,060,155

The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes from continuing operations:



	For the Three Months Ended March 31,						For the Six Months Ended March 31,
	2020			2019			2020			2019
Segment adjusted EBITDA:
Consumer and Professional Products	$	25,027		$	28,616		$	46,953		$	49,181
Home and Building Products	30,635			20,137			71,336			51,432
Defense Electronics	4,248			4,936			8,723			9,721
Segment adjusted EBITDA	59,910			53,689			127,012			110,334
Unallocated amounts, excluding depreciation	(11,947		)	(11,208		)	(23,889		)	(22,472		)
Adjusted EBITDA	47,963			42,481			103,123			87,862
Net interest expense	(16,561		)	(17,305		)	(32,511		)	(33,636		)
Depreciation and amortization	(15,719		)	(15,492		)	(31,544		)	(30,577		)
Loss from debt extinguishment	(6,690		)	—			(6,690		)	—
Restructuring charges	(3,104		)	—			(9,538		)	—
Acquisition costs	(2,960		)	—			(2,960		)	—
Income before taxes from continuing operations	$	2,929		$	9,684		$	19,880		$	23,649

Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.



	For the Three Months Ended March 31,				For the Six Months Ended March 31,
DEPRECIATION and AMORTIZATION	2020		2019		2020		2019
Segment:
Consumer and Professional Products	$	8,222	$	8,184	$	16,453	$	15,990
Home and Building Products	4,668		4,548		9,468		9,057
Defense Electronics	2,676		2,621		5,320		5,257
Total segment depreciation and amortization	15,566		15,353		31,241		30,304
Corporate	153		139		303		273
Total consolidated depreciation and amortization	$	15,719	$	15,492	$	31,544	$	30,577

CAPITAL EXPENDITURES
Segment:
Consumer and Professional Products	$	3,800	$	3,806	$	7,532	$	8,140
Home and Building Products	3,556		2,524		11,495		5,335
Defense Electronics	1,921		2,499		3,210		3,733
Total segment	9,277		8,829		22,237		17,208
Corporate	70		192		282		210
Total consolidated capital expenditures	$	9,347	$	9,021	$	22,519	$	17,418



ASSETS	At March 31, 2020		At September 30, 2019
Segment assets:
Consumer and Professional Products	$	1,279,376	$	1,070,510
Home and Building Products	592,011		571,216
Defense Electronics	348,081		347,575
Total segment assets	2,219,468		1,989,301
Corporate	96,085		82,429
Total continuing assets	2,315,553		2,071,730
Assets of discontinued operations	3,194		3,209
Consolidated total	$	2,318,747	$	2,074,939

The following table presents revenue disaggregated by end market and segment:



	For the Three Months Ended March 31,				For the Six Months Ended March 31,
	2020		2019		2020		2019
Residential repair and remodel	$	40,505	$	38,441	$	75,595	$	65,599
Retail	144,904		162,576		264,524		275,941
Residential new construction	14,884		13,545		29,857		27,817
Industrial	10,535		11,416		21,158		21,174
International excluding North America	64,084		61,754		124,854		113,675
Total Consumer and Professional Products	274,912		287,732		515,988		504,206
Residential repair and remodel	100,808		90,271		222,805		203,638
Commercial construction	86,300		76,181		178,187		160,557
Residential new construction	22,721		20,347		50,218		45,899
Total Home and Building Products	209,829		186,799		451,210		410,094
U.S. Government	53,623		46,376		96,324		91,936
International	25,021		23,129		43,554		45,228
Commercial	2,965		5,597		7,712		8,691
Total Defense Electronics	81,609		75,102		147,590		145,855
Total Consolidated Revenue	$	566,350	$	549,633	$	1,114,788	$	1,060,155

The following table presents revenue disaggregated by geography based on the location of the Company's customer:



	For the Three Months Ended March 31, 2020								For the Six Months Ended March 31, 2020
REVENUE BY GEOGRAPHIC AREA - DESTINATION	CPP		HBP		Defense Electronics		Total		CPP		HBP		Defense Electronics		Total
United States	$	191,412	$	199,060	$	55,071	$	445,543	$	351,570	$	426,010	$	101,214	$	878,794
Europe	24,737		5		9,880		34,622		31,342		28		15,865		47,235
Canada	17,515		7,867		4,209		29,591		35,296		19,120		6,783		61,199
Australia	39,032		—		189		39,221		93,260		—		795		94,055
All other countries	2,216		2,897		12,260		17,373		4,520		6,052		22,933		33,505
Consolidated revenue	$	274,912	$	209,829	$	81,609	$	566,350	$	515,988	$	451,210	$	147,590	$	1,114,788



	For the Three Months Ended March 31, 2019								For the Six Months Ended March 31, 2019
REVENUE BY GEOGRAPHIC AREA - DESTINATION	CPP		HBP		Defense Electronics		Total		CPP		HBP		Defense Electronics		Total
United States	$	204,445	$	175,945	$	51,179	$	431,569	$	347,361	$	385,772	$	99,474	$	832,607
Europe	20,343		29		8,490		28,862		28,208		46		18,801		47,055
Canada	18,845		6,984		3,058		28,887		38,210		17,965		5,687		61,862
Australia	41,749		266		979		42,994		85,788		450		1,588		87,826
All other countries	2,350		3,575		11,396		17,321		4,639		5,861		20,305		30,805
Consolidated revenue	$	287,732	$	186,799	$	75,102	$	549,633	$	504,206	$	410,094	$	145,855	$	1,060,155