XML 45 R31.htm IDEA: XBRL DOCUMENT v3.20.2
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
 12 Months Ended
Sep. 30, 2020
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, 2020, 2019 and 2018
(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, 2020
 
 
 

 
 

 
 

 
 

Allowance for Doubtful Accounts
 

 
 

 
 

 
 

 
 

Bad debts
$
1,881

 
$
2,231

 
(255
)
 
$
(1
)
 
$
3,856

Sales returns and allowances
6,000

 
12,163

 
(4,261
)
 
—

 
13,902

 
$
7,881

 
$
14,394

 
$
(4,516
)
 
$
(1
)
 
$
17,758

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
26,169

 
$
10,542

 
$
(3,412
)
 
$
325

 
$
33,624

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
10,823

 
$
(999
)
 
$
—

 
$
—

 
$
9,824

 
 
 
 
 
 
 
 
 
 
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

 
5,790

 
(4,374
)
 
—

 
6,000

 
$
6,408

 
$
6,254

 
$
(4,799
)
 
$
18

 
$
7,881

 
 
 
 
 
 
 
 
 
 
Inventory valuation
$
26,065

 
$
2,774

 
$
(2,614
)
 
$
(56
)
 
$
26,169

 
 
 
 
 
 
 
 
 
 
Deferred tax valuation allowance
$
8,520

 
$
2,303

 
$
—

 
$
—

 
$
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

 
4,088

 
(4,760
)
 
399

 
4,584

 
$
5,966

 
$
4,048

 
$
(4,749
)
 
$
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

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