SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Sep. 30, 2013

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

SCHEDULE II

GRIFFON CORPORATION
VALUATION AND QUALIFYING ACCOUNTS
FOR THE YEARS ENDED SEPTEMBER 30, 2013, 2012 AND 2011

(in thousands)

Description	Balance at Beginning of  Year		Recorded to  Cost and Expense			Accounts Written Off, net			Other			Balance at End of Year
FOR THE YEAR ENDED SEPTEMBER 30, 2013
Allowance for Doubtful Accounts
Bad debts	$	4,146	$	2,939		$	(3,948	)	$	9		$	3,146
Sales returns and allowances		1,287		1,859			(146	)		(10	)		2,990
	$	5,433	$	4,798		$	(4,094	)	$	(1	)	$	6,136
Inventory valuation	$	18,787	$	5,788		$	(8,490	)	$	(357	)	$	15,728
Deferred tax valuation allowance	$	10,541	$	2,880		$	—		$	—		$	13,421
FOR THE YEAR ENDED SEPTEMBER 30, 2012
Allowance for Doubtful Accounts
Bad debts	$	4,610	$	2,009		$	(2,284	)	$	(189	)	$	4,146
Sales returns and allowances		1,462		2,018			(2,160	)		(33	)		1,287
	$	6,072	$	4,027		$	(4,444	)	$	(222	)	$	5,433
Inventory valuation	$	19,557	$	3,487		$	(3,995	)	$	(262	)	$	18,787
Deferred tax valuation allowance	$	9,481	$	1,060		$	—		$	—		$	10,541
FOR THE YEAR ENDED SEPTEMBER 30, 2011
Allowance for Doubtful Accounts
Bad debts	$	5,091	$	1,121		$	(1,405	)	$	(197	)	$	4,610
Sales returns and allowances		1,490		2,741			(2,748	)		(21	)		1,462
	$	6,581	$	3,862		$	(4,153	)	$	(218	)	$	6,072
Inventory valuation	$	16,720	$	8,651		$	(5,631	)	$	(183	)	$	19,557
Deferred tax valuation allowance	$	13,977	$	(4,496	)	$	—		$	—		$	9,481
Note: This Schedule II is for continuing operations only.