DISCONTINUED OPERATIONS

9 Months Ended

Jun. 30, 2012

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, 2012		At September 30, 2011
Assets of discontinued operations:
Prepaid and other current assets	$	1,303	$	1,381
Other long-term assets		2,974		3,675
Total assets of discontinued operations	$	4,277	$	5,056
Liabilities of discontinued operations:
Accrued liabilities, current	$	3,077	$	3,794
Other long-term liabilities		4,033		5,786
Total liabilities of discontinued operations	$	7,110	$	9,580

There was no Installation Services’ operating unit revenue or income for the three and nine months ended June 30, 2012 or 2011.