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BUSINESS SEGMENTS
 6 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
Griffon reports its operations through three reportable segments, as follows:

•CPP conducts its operations through AMES. Founded in 1774, AMES is the leading North American manufacturer and a global provider of branded consumer and professional tools and products for home storage and organization, landscaping, and enhancing outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including True Temper, AMES, and ClosetMaid.

•HBP conducts its operations through Clopay. Founded in 1964, Clopay is the largest manufacturer and marketer of garage doors and rolling steel doors in North America.  Residential and commercial sectional garage doors are sold through professional dealers and leading home center retail chains throughout North America under the brands Clopay, Ideal, and Holmes. Rolling steel door and grille products designed for commercial, industrial, institutional, and retail use are sold under the CornellCookson brand.

•DE conducts its operations through Telephonics, founded in 1933, a globally recognized leading provider of highly sophisticated intelligence, surveillance and communications solutions for defense, aerospace and commercial customers.
Information on Griffon’s reportable segments is as follows:
 For the Three Months Ended March 31,For the Six Months Ended March 31,
REVENUE2021202020212020
Consumer and Professional Products$331,871 $274,912 $622,913 $515,988 
Home and Building Products242,811 209,829 493,292 451,210 
Defense Electronics60,150 81,609 127,918 147,590 
Total consolidated net sales$634,832 $566,350 $1,244,123 $1,114,788 

Disaggregation of Revenue
Revenue from contracts with customers is disaggregated by end markets, segments and geographic location, as it more accurately depicts the nature and amount of the Company’s revenue. 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,
2021202020212020
Residential repair and remodel$50,560 $40,505 $96,160 $75,595 
Retail153,746 144,904 292,994 264,524 
Residential new construction14,540 14,884 28,055 29,857 
Industrial9,958 10,535 19,489 21,158 
International excluding North America103,067 64,084 186,215 124,854 
Total Consumer and Professional Products331,871 274,912 622,913 515,988 
Residential repair and remodel120,827 100,808 246,942 222,805 
Commercial construction94,751 86,300 190,690 178,187 
Residential new construction27,233 22,721 55,660 50,218 
Total Home and Building Products242,811 209,829 493,292 451,210 
U.S. Government35,045 53,623 82,369 96,324 
International21,497 25,021 38,392 43,554 
Commercial3,608 2,965 7,157 7,712 
Total Defense Electronics60,150 81,609 127,918 147,590 
Total Consolidated Revenue$634,832 $566,350 $1,244,123 $1,114,788 
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
For the Three Months Ended March 31,
20212020
CPPHBPDETotalCPPHBPDETotal
United States$205,368 $230,955 $34,166 $470,489 $191,412 $199,060 $55,071 $445,543 
Europe38,965 41 5,791 44,797 24,737 5 9,880 34,622 
Canada21,778 9,797 1,925 33,500 17,515 7,867 4,209 29,591 
Australia63,691 — 122 63,813 39,032 — 189 39,221 
All other countries2,069 2,018 18,146 22,233 2,216 2,897 12,260 17,373 
Consolidated revenue$331,871 $242,811 $60,150 $634,832 $274,912 $209,829 $81,609 $566,350 
For the Six Months Ended March 31,
20212020
CPPHBPDETotalCPPHBPDETotal
United States$388,810 $467,486 $81,544 $937,840 $351,570 $426,010 $101,214 $878,794 
Europe52,121 41 12,696 64,858 31,342 28 15,865 47,235 
Canada43,893 21,285 3,754 68,932 35,296 19,120 6,783 61,199 
Australia133,231 — 441 133,672 93,260 — 795 94,055 
All other countries4,858 4,480 29,483 38,821 4,520 6,052 22,933 33,505 
Consolidated revenue$622,913 $493,292 $127,918 $1,244,123 $515,988 $451,210 $147,590 $1,114,788 
Griffon evaluates performance and allocates resources based on each segment's operating results before interest income and expense, income taxes, depreciation and amortization, unallocated amounts (mainly corporate overhead), restructuring charges, loss from debt extinguishment and acquisition related expenses, as well as other items that may affect comparability, as applicable (“Segment adjusted EBITDA”). Griffon believes this information is useful to investors for the same reason. The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes:
 For the Three Months Ended March 31,For the Six Months Ended March 31,
 2021202020212020
Segment adjusted EBITDA:    
Consumer and Professional Products$37,423 $25,027 $70,136 $46,953 
Home and Building Products40,060 30,635 88,429 71,336 
Defense Electronics2,220 4,248 7,805 8,723 
Segment adjusted EBITDA79,703 59,910 166,370 127,012 
Unallocated amounts, excluding depreciation *(11,922)(11,947)(23,949)(23,889)
Adjusted EBITDA67,781 47,963 142,421 103,123 
Net interest expense(15,527)(16,561)(31,172)(32,511)
Depreciation and amortization(15,883)(15,719)(31,149)(31,544)
Loss from debt extinguishment— (6,690)— (6,690)
Restructuring charges(7,562)(3,104)(18,362)(9,538)
Acquisition costs— (2,960)— (2,960)
Gain (adjustment) on sale of SEG business(949)— 5,291 — 
Income before taxes $27,860 $2,929 $67,029 $19,880 
* 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 AMORTIZATION2021202020212020
Segment:    
Consumer and Professional Products$8,620 $8,222 $16,819 $16,453 
Home and Building Products4,379 4,668 8,720 9,468 
Defense Electronics2,734 2,676 5,410 5,320 
Total segment depreciation and amortization15,733 15,566 30,949 31,241 
Corporate150 153 200 303 
Total consolidated depreciation and amortization$15,883 $15,719 $31,149 $31,544 
CAPITAL EXPENDITURES    
Segment:    
Consumer and Professional Products$6,813 $3,800 $13,720 $7,532 
Home and Building Products1,998 3,556 4,113 11,495 
Defense Electronics3,247 1,921 6,151 3,210 
Total segment12,058 9,277 23,984 22,237 
Corporate2 70 2 282 
Total consolidated capital expenditures$12,060 $9,347 $23,986 $22,519 
ASSETSAt March 31, 2021At September 30, 2020
Segment assets:  
Consumer and Professional Products$1,408,545 $1,255,127 
Home and Building Products604,325 606,785 
Defense Electronics288,019 329,128 
Total segment assets2,300,889 2,191,040 
Corporate216,571 248,902 
Total continuing assets2,517,460 2,439,942 
Assets of discontinued operations6,820 8,497 
Consolidated total$2,524,280 $2,448,439