SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Sep. 30, 2023

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

GRIFFON CORPORATION

VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended September 30, 2023, 2022 and 2021

(in thousands)

Description	Balance at Beginning of  Year		Additions		Reductions		Other(1)		Balance at End of Year
FOR THE YEAR ENDED SEPTEMBER 30, 2023
Allowance for doubtful accounts	$	12,137	$	971	$	(1,186)	$	(658)	$	11,264
Inventory valuation(2)	$	22,875	$	44,570	$	(11,692)	$	(16)	$	55,737
Deferred tax valuation allowance	$	13,490	$	4,502	$	—	$	—	$	17,992
FOR THE YEAR ENDED SEPTEMBER 30, 2022
Allowance for doubtful accounts	$	8,787	$	1,172	$	(251)	$	2,429	$	12,137
Inventory valuation	$	31,605	$	4,725	$	(14,103)	$	648	$	22,875
Deferred tax valuation allowance	$	10,425	$	4,330	$	(1,265)	$	—	$	13,490
FOR THE YEAR ENDED SEPTEMBER 30, 2021
Allowance for doubtful accounts	$	8,178	$	795	$	(393)	$	207	$	8,787
Inventory valuation	$	18,903	$	24,400	$	(12,099)	$	401	$	31,605
Deferred tax valuation allowance	$	9,824	$	601	$	—	$	—	$	10,425

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(1) For the year ended September 30, 2022, Other primarily consists of foreign currency and opening balances of reserves assumed from the Hunter acquisition. See Note 6 for the detail on the Allowance for Doubtful Accounts.

(2) In connection with the Company's restructuring activities described in Note 10, Restructuring Charges, during the year ended September 30, 2023, CPP recorded an inventory impairment charge of $37,100 to adjust to net realizable value.