DISCONTINUED OPERATIONS

9 Months Ended

Jun. 30, 2011

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 15 – DISCONTINUED OPERATIONS

The following amounts related to the Installation Services segment, discontinued in 2008, have been segregated from Griffon’s continuing operations and are reported as assets and liabilities of discontinued operations in the condensed consolidated balance sheets:

	At June 30, 2011				At September 30, 2010
	Current		Long-term		Current		Long-term
Assets of discontinued operations:
Prepaid and other current assets	$	1,387	$	—	$	1,079	$	—
Other long-term assets		—		3,727		—		5,803
Total assets of discontinued operations	$	1,387	$	3,727	$	1,079	$	5,803
Liabilities of discontinued operations:
Accounts payable	$	—	$	—	$	8	$	—
Accrued liabilities		4,042		—		4,281		—
Other long-term liabilities		—		5,729		—		8,446
Total liabilities of discontinued operations	$	4,042	$	5,729	$	4,289	$	8,446

There was no Installation Services’ operating unit revenue for the three and nine months ended June 30, 2011 and 2010.