OTHER INCOME (EXPENSE)

6 Months Ended

Mar. 31, 2023

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE)

OTHER INCOME (EXPENSE)

For the quarters ended March 31, 2023 and 2022, Other income (expense) of $293 and $1,369, respectively, includes $164 and ($168), respectively, of net currency exchange gains (losses) in connection with the translation of receivables and payables denominated in currencies other than the functional currencies of Griffon and its subsidiaries, net periodic benefit plan income (expense) of $(217) and $1,079, respectively, and $73 and $(203), respectively, of net investment income. Other income (expense) also includes rental income of $0 and $156 for the three months ended March 31, 2023 and 2022, respectively. Additionally, it includes royalty income of $476 and $616 for the three months ended March 31, 2023 and 2022, respectively.

For the six months ended March 31, 2023 and 2022, Other income (expense) of $900 and $2,444, respectively, includes $98 and $(562), respectively, of net currency exchange losses in connection with the translation of receivables and payables denominated in currencies other than the functional currencies of Griffon and its subsidiaries, net periodic benefit plan income of $(433) and $2,027, respectively, as well as $107 and $171, respectively, of net investment income (loss). Other income (expense) also includes rental income of $212 in both of the six months ended March 31, 2023 and 2022, as well as royalty income of $1,025 and $616 for the six months ended March 31, 2023 and 2022, respectively.