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BUSINESS SEGMENTS
 3 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
BUSINESS SEGMENTS BUSINESS SEGMENTS
Griffon reports its operations through two reportable segments, as follows:


•Consumer and Professional Products (“CPP”) is a leading North American manufacturer and a global provider of branded consumer and professional tools; residential, industrial and commercial fans; home storage and organization products; and products that enhance indoor and outdoor lifestyles. CPP sells products globally through a portfolio of leading brands including AMES, since 1774, Hunter, since 1886, True Temper, and ClosetMaid.

•Home and Building Products ("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.

On September 27, 2021, Griffon announced it is exploring strategic alternatives for its Defense Electronics segment, which conducts its operations through Telephonics Corporation ("Telephonics"), including a sale. As a result, Griffon classified the results of operations of the Telephonics business as a discontinued operation in the Consolidated Statements of Operations for all periods presented and classified the related assets and liabilities associated with the discontinued operation as held for sale in the Consolidated Balance Sheets. Accordingly, all references made to results and information in this Quarterly Report on Form 10-Q are to Griffon's continuing operations, unless specifically noted. Telephonics, founded in 1933, is a globally recognized leading provider of highly sophisticated intelligence, surveillance and communications solutions that are deployed across a wide range of land, sea and air applications. Telephonics designs, develops, manufactures and provides logistical support and lifecycle sustainment services to defense, aerospace and commercial customers worldwide.
Information on Griffon’s reportable segments from continuing operations is as follows:
 For the Three Months Ended December 31,
REVENUE20212020
Consumer and Professional Products$283,173 $291,042 
Home and Building Products308,576 250,481 
Defense Electronics53,993 67,768 
Subtotal645,742 609,291 
Less: Defense Electronics(53,993)(67,768)
Total revenue$591,749 $541,523 

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 December 31,
20212020
Residential repair and remodel$38,759 $45,600 
Retail130,235 139,248 
Residential new construction10,327 13,515 
Industrial11,306 9,531 
International excluding North America92,546 83,148 
Total Consumer and Professional Products283,173 291,042 
Residential repair and remodel145,085 126,115 
Commercial construction130,789 95,939 
Residential new construction32,702 28,427 
Total Home and Building Products308,576 250,481 
Total Consolidated Revenue$591,749 $541,523 
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
For the Three Months Ended December 31,
20212020
CPPHBPTotalCPPHBPTotal
United States$164,899 $294,576 $459,475 $183,442 $236,531 $419,973 
Europe18,330 37 18,367 13,156 — 13,156 
Canada22,628 12,013 34,641 22,115 11,488 33,603 
Australia74,349 — 74,349 69,540 — 69,540 
All other countries2,967 1,950 4,917 2,789 2,462 5,251 
Consolidated revenue$283,173 $308,576 $591,749 $291,042 $250,481 $541,523 

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 from continuing operations:
 For the Three Months Ended December 31,
 20212020
Segment adjusted EBITDA:  
Consumer and Professional Products$16,214 $32,713 
Home and Building Products56,297 48,369 
Defense Electronics4,472 5,585 
Subtotal76,983 86,667 
Less: Defense Electronics(4,472)(5,585)
Segment adjusted EBITDA72,511 81,082 
Unallocated amounts, excluding depreciation *(12,957)(12,629)
Adjusted EBITDA59,554 68,453 
Net interest expense(15,648)(15,646)
Depreciation and amortization(13,081)(12,590)
Restructuring charges(1,716)(3,079)
Acquisition costs(2,595)— 
Proxy contest costs(2,291)— 
Income before taxes from continuing operations$24,223 $37,138 
* Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.
For the Three Months Ended December 31,
DEPRECIATION and AMORTIZATION20212020
Segment:  
Consumer and Professional Products$8,606 $8,199 
Home and Building Products4,338 4,341 
Defense Electronics— 2,676 
Subtotal12,944 15,216 
Less: Defense Electronics— (2,676)
Total segment depreciation and amortization12,944 12,540 
Corporate137 50 
Total consolidated depreciation and amortization$13,081 $12,590 
CAPITAL EXPENDITURES  
Segment:  
Consumer and Professional Products$7,130 $6,907 
Home and Building Products3,349 2,115 
Defense Electronics853 2,904 
Subtotal11,332 11,926 
Less: Defense Electronics(853)(2,904)
Total segment10,479 9,022 
Corporate94 — 
Total consolidated capital expenditures$10,573 $9,022 
ASSETSAt December 31, 2021At September 30, 2021
Segment assets:  
Consumer and Professional Products$1,443,527 $1,377,618 
Home and Building Products686,009 666,422 
Total segment assets2,129,536 2,044,040 
Corporate187,735 283,202 
Total continuing assets2,317,271 2,327,242 
Discontinued operations - held for sale261,514 273,414 
Other discontinued operations3,958 4,029 
Consolidated total$2,582,743 $2,604,685