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BUSINESS SEGMENTS
 9 Months Ended
Jun. 30, 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 June 30,For the Nine Months Ended June 30,
REVENUE2022202120222021
Consumer and Professional Products$362,634 $324,826 $1,056,819 $947,739 
Home and Building Products405,545 259,392 1,082,726 752,684 
Total revenue$768,179 $584,218 $2,139,545 $1,700,423 

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 June 30,For the Nine Months Ended June 30,
2022202120222021
Residential repair and remodel$47,126 $50,165 $136,363 $146,325 
Retail191,284 154,212 538,355 447,206 
Residential new construction11,387 12,147 33,733 40,202 
Industrial24,748 12,708 57,122 32,197 
International excluding North America88,089 95,594 291,246 281,809 
Total Consumer and Professional Products362,634 324,826 1,056,819 947,739 
Residential repair and remodel194,526 127,827 511,988 374,769 
Commercial construction167,173 102,754 455,338 293,444 
Residential new construction43,846 28,811 115,400 84,471 
Total Home and Building Products405,545 259,392 1,082,726 752,684 
Total Consolidated Revenue$768,179 $584,218 $2,139,545 $1,700,423 
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
For the Three Months Ended June 30,
20222021
CPPHBPTotalCPPHBPTotal
United States$248,068 $384,265 $632,333 $206,809 $246,268 $453,077 
Europe31,113 7 31,120 43,767 31 43,798 
Canada19,592 15,683 35,275 20,547 10,724 31,271 
Australia55,142 — 55,142 51,437 — 51,437 
All other countries8,719 5,590 14,309 2,266 2,369 4,635 
Consolidated revenue$362,634 $405,545 $768,179 $324,826 $259,392 $584,218 
For the Nine Months Ended June 30, 2022
20222021
CPPHBPTotalCPPHBPTotal
United States$677,714 $1,031,650 $1,709,364 $595,619 $713,754 $1,309,373 
Europe96,226 51 96,277 95,888 72 95,960 
Canada73,249 41,574 114,823 64,440 32,009 96,449 
Australia191,679 — 191,679 184,668 — 184,668 
All other countries17,951 9,451 27,402 7,124 6,849 13,973 
Consolidated revenue$1,056,819 $1,082,726 $2,139,545 $947,739 $752,684 $1,700,423 

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 June 30,For the Nine Months Ended June 30,
 2022202120222021
Segment adjusted EBITDA:    
Consumer and Professional Products$28,373 $29,388 $92,431 $99,524 
Home and Building Products119,847 42,156 280,618 130,585 
Segment adjusted EBITDA148,220 71,544 373,049 230,109 
Unallocated amounts, excluding depreciation *(13,405)(11,464)(39,724)(36,810)
Adjusted EBITDA134,815 60,080 333,325 193,299 
Net interest expense(23,961)(15,800)(60,985)(46,973)
Depreciation and amortization(17,688)(13,306)(47,021)(39,118)
Debt extinguishment, net(5,287)— (5,287)— 
Restructuring charges(5,909)(4,081)(12,391)(14,662)
Acquisition costs— — (9,303)— 
Strategic review - retention and other(3,220)— (3,220)— 
Proxy expenses— — (6,952)— 
Fair value step-up of acquired inventory sold(2,700)— (5,401)— 
Income before taxes from continuing operations$76,050 $26,893 $182,765 $92,546 
* Unallocated amounts typically include general corporate expenses not attributable to a reportable segment.
For the Three Months Ended June 30,For the Nine Months Ended June 30,
DEPRECIATION and AMORTIZATION2022202120222021
Segment:    
Consumer and Professional Products$13,434 $8,781 $33,831 $25,600 
Home and Building Products4,116 4,375 12,778 13,095 
Total segment depreciation and amortization17,550 13,156 46,609 38,695 
Corporate138 150 412 423 
Total consolidated depreciation and amortization$17,688 $13,306 $47,021 $39,118 
CAPITAL EXPENDITURES    
Segment:    
Consumer and Professional Products$8,558 $5,365 $24,742 $19,085 
Home and Building Products2,891 1,723 8,643 5,836 
Total segment11,449 7,088 33,385 24,921 
Corporate37 26 131 28 
Total consolidated capital expenditures$11,486 $7,114 $33,516 $24,949 
ASSETSAt June 30, 2022At September 30, 2021
Segment assets:  
Consumer and Professional Products$2,575,836 $1,377,618 
Home and Building Products741,386 666,422 
Total segment assets3,317,222 2,044,040 
Corporate183,900 280,802 
Total continuing assets3,501,122 2,324,842 
Discontinued operations - held for sale— 275,814 
Other discontinued operations3,110 4,029 
Consolidated total$3,504,232 $2,604,685