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BUSINESS SEGMENTS
 6 Months Ended
Mar. 31, 2022
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.

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,
REVENUE2022202120222021
Consumer and Professional Products$411,012 $331,871 $694,185 $622,913 
Home and Building Products368,605 242,811 677,181 493,292 
Total revenue$779,617 $574,682 $1,371,366 $1,116,205 

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,
2022202120222021
Residential repair and remodel$50,478 $50,560 $89,237 $96,160 
Retail216,836 153,746 347,071 292,994 
Residential new construction12,019 14,540 22,346 28,055 
Industrial21,068 9,958 32,374 19,489 
International excluding North America110,611 103,067 203,157 186,215 
Total Consumer and Professional Products411,012 331,871 694,185 622,913 
Residential repair and remodel172,377 120,827 317,462 246,942 
Commercial construction157,376 94,751 288,165 190,690 
Residential new construction38,852 27,233 71,554 55,660 
Total Home and Building Products368,605 242,811 677,181 493,292 
Total Consolidated Revenue$779,617 $574,682 $1,371,366 $1,116,205 
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
For the Three Months Ended March 31,
20222021
CPPHBPTotalCPPHBPTotal
United States$264,747 $352,809 $617,556 $205,368 $230,955 $436,323 
Europe46,783 7 46,790 38,965 41 39,006 
Canada31,029 13,877 44,906 21,778 9,797 31,575 
Australia62,189 — 62,189 63,691 — 63,691 
All other countries6,264 1,912 8,176 2,069 2,018 4,087 
Consolidated revenue$411,012 $368,605 $779,617 $331,871 $242,811 $574,682 
For the Six Months Ended March 31, 2022
20222021
CPPHBPTotalCPPHBPTotal
United States$429,646 $647,385 $1,077,031 $388,810 $467,486 $856,296 
Europe65,113 44 65,157 52,121 41 52,162 
Canada53,657 25,891 79,548 43,893 21,285 65,178 
Australia136,537 — 136,537 133,231 — 133,231 
All other countries9,232 3,861 13,093 4,858 4,480 9,338 
Consolidated revenue$694,185 $677,181 $1,371,366 $622,913 $493,292 $1,116,205 

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 March 31,For the Six Months Ended March 31,
 2022202120222021
Segment adjusted EBITDA:    
Consumer and Professional Products$47,844 $37,423 $64,058 $70,136 
Home and Building Products104,474 40,060 160,771 88,429 
Segment adjusted EBITDA152,318 77,483 224,829 158,565 
Unallocated amounts, excluding depreciation *(12,750)(12,104)(25,707)(24,733)
Adjusted EBITDA139,568 65,379 199,122 133,832 
Net interest expense(21,376)(15,527)(37,024)(31,173)
Depreciation and amortization(16,252)(13,149)(29,333)(25,739)
Restructuring charges(4,766)(7,502)(6,482)(10,581)
Acquisition costs(6,708)— (9,303)— 
Proxy expenses(4,661)— (6,952)— 
Fair value step-up of acquired inventory sold(2,701)— (2,701)— 
Income before taxes from continuing operations$83,104 $29,201 $107,327 $66,339 
* 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 AMORTIZATION2022202120222021
Segment:    
Consumer and Professional Products$11,791 $8,620 $20,397 $16,819 
Home and Building Products4,324 4,379 8,662 8,720 
Total segment depreciation and amortization16,115 12,999 29,059 25,539 
Corporate137 150 274 200 
Total consolidated depreciation and amortization$16,252 $13,149 $29,333 $25,739 
CAPITAL EXPENDITURES    
Segment:    
Consumer and Professional Products$9,054 $6,813 $16,184 $13,720 
Home and Building Products2,403 1,998 5,752 4,113 
Total segment11,457 8,811 21,936 17,833 
Corporate— 2 94 2 
Total consolidated capital expenditures$11,457 $8,813 $22,030 $17,835 
ASSETSAt March 31, 2022At September 30, 2021
Segment assets:  
Consumer and Professional Products$2,665,362 $1,377,618 
Home and Building Products714,647 666,422 
Total segment assets3,380,009 2,044,040 
Corporate138,462 283,202 
Total continuing assets3,518,471 2,327,242 
Discontinued operations - held for sale264,861 273,414 
Other discontinued operations3,691 4,029 
Consolidated total$3,787,023 $2,604,685