DISCONTINUED OPERATIONS

3 Months Ended

Dec. 31, 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 December 31, 2011				At September 30, 2011
	Current		Long-term		Current		Long-term
Assets of discontinued operations:
Prepaid and other current assets	$	1,307	$	—	$	1,381	$	—
Other long-term assets		—		3,006		—		3,675
Total assets of discontinued operations	$	1,307	$	3,006	$	1,381	$	3,675
Liabilities of discontinued operations:
Accrued liabilities	$	3,611	$	—	$	3,794	$	—
Other long-term liabilities		—		4,979		—		5,786
Total liabilities of discontinued operations	$	3,611	$	4,979	$	3,794	$	5,786

There was no Installation Services’ operating unit revenue or income for the quarters ended December 31, 2011 or 2010.