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REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information on Griffon’s reportable segments is as follows:
| For the Years Ended September 30,
REVENUE | 2016 |  | 2015 |  | 2014
Home & Building Products: |  |  |  |  |  |  |  |
AMES | $ | 513,973 |  |  | $ | 535,881 |  |  | $ | 503,687 |
CBP | 527,370 |  |  | 516,320 |  |  | 475,756 |
Home & Building Products | 1,041,343 |  |  | 1,052,201 |  |  | 979,443 |
Telephonics | 435,692 |  |  | $ | 431,090 |  |  | $ | 419,005 |
PPC | 480,126 |  |  | $ | 532,741 |  |  | $ | 593,363 |
Total consolidated net sales | $ | 1,957,161 |  |  | $ | 2,016,032 |  |  | $ | 1,991,811 |
| For the Years Ended September 30,
INCOME (LOSS) BEFORE TAXES | 2016 |  | 2015 |  | 2014
Segment operating profit: |  |  |  |  |
Home & Building Products | $ | 79,682 |  |  | $ | 58,883 |  |  | $ | 40,538 |
Telephonics | 42,801 |  |  | 43,006 |  |  | 45,293 |
PPC | 20,313 |  |  | 33,137 |  |  | 28,881 |
Total segment operating profit | 142,796 |  |  | 135,026 |  |  | 114,712 |
Net interest expense | (51,111 | ) |  | (47,872 | ) |  | (48,144 | )
Unallocated amounts | (38,521 | ) |  | (33,518 | ) |  | (33,394 | )
Loss from debt extinguishment | — |  |  | — |  |  | (38,890 | )
Income (loss) before taxes | $ | 53,164 |  |  | $ | 53,636 |  |  | $ | (5,716 | )
The following table provides a reconciliation of Segment adjusted EBITDA to Income (loss) before taxes and discontinued operations:
| For the Years Ended September 30,
| 2016 |  | 2015 |  | 2014
Segment adjusted EBITDA: |  |  |  |  |  |  |  |
Home & Building Products | $ | 114,949 |  |  | $ | 94,226 |  |  | $ | 77,171 |
Telephonics | 53,385 |  |  | 53,028 |  |  | 57,525 |
PPC | 50,079 |  |  | 57,103 |  |  | 56,291 |
Total Segment adjusted EBITDA | 218,413 |  |  | 204,357 |  |  | 190,987 |
Net interest expense | (51,111 | ) |  | (47,872 | ) |  | (48,144 | )
Segment depreciation and amortization | (69,717 | ) |  | (69,331 | ) |  | (66,978 | )
Unallocated amounts | (38,521 | ) |  | (33,518 | ) |  | (33,394 | )
Loss from debt extinguishment | — |  |  | — |  |  | (38,890 | )
Restructuring charges | (5,900 | ) |  | — |  |  | (6,136 | )
Acquisition costs | — |  |  | — |  |  | (3,161 | )
Income (loss) before taxes | $ | 53,164 |  |  | $ | 53,636 |  |  | $ | (5,716 | )
| For the Years Ended September 30,
DEPRECIATION and AMORTIZATION | 2016 |  | 2015 |  | 2014
Segment: |  |  |  |  |
Home & Building Products | $ | 35,267 |  |  | $ | 35,343 |  |  | $ | 31,580 |
Telephonics | 10,584 |  |  | 10,022 |  |  | 7,988 |
PPC | 23,866 |  |  | 23,966 |  |  | 27,410 |
Total segment depreciation and amortization | 69,717 |  |  | 69,331 |  |  | 66,978 |
Corporate | 491 |  |  | 469 |  |  | 418 |
Total consolidated depreciation and amortization | $ | 70,208 |  |  | $ | 69,800 |  |  | $ | 67,396 |
CAPITAL EXPENDITURES |  |  |  |  |  |  |  |
Segment: |  |  |  |  |  |  |  |
Home & Building Products | $ | 49,351 |  |  | $ | 38,896 |  |  | $ | 33,779 |
Telephonics | 9,007 |  |  | 6,347 |  |  | 20,963 |
PPC | 31,817 |  |  | 28,103 |  |  | 21,032 |
Total segment | 90,175 |  |  | 73,346 |  |  | 75,774 |
Corporate | 584 |  |  | 274 |  |  | 1,320 |
Total consolidated capital expenditures | $ | 90,759 |  |  | $ | 73,620 |  |  | $ | 77,094 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
ASSETS | At September 30, 2016 |  | At September 30, 2015 |  | At September 30, 2014
Segment assets: |  |  |  |  |  |  |  |
Home & Building Products | $ | 1,020,297 |  |  | $ | 1,034,032 |  |  | $ | 1,031,904 |
Telephonics | 334,631 |  |  | 302,560 |  |  | 319,327 |
PPC | 365,920 |  |  | 343,519 |  |  | 389,464 |
Total segment assets | 1,720,848 |  |  | 1,680,111 |  |  | 1,740,695 |
Corporate | 59,061 |  |  | 29,211 |  |  | 64,381 |
Total continuing assets | 1,779,909 |  |  | 1,709,322 |  |  | 1,805,076 |
Assets of discontinued operations | 2,187 |  |  | 3,491 |  |  | 3,750 |
Consolidated total | $ | 1,782,096 |  |  | $ | 1,712,813 |  |  | $ | 1,808,826 |
Schedule Of Segment Information By Geographic Region | Segment information by geographic region was as follows:
| For the Years Ended September 30,
REVENUE BY GEOGRAPHIC AREA - DESTINATION | 2016 |  | 2015 |  | 2014
United States | $ | 1,396,086 |  |  | $ | 1,383,775 |  |  | $ | 1,386,575 |
Europe | 198,897 |  |  | 227,203 |  |  | 254,460 |
Canada | 112,650 |  |  | 132,133 |  |  | 134,637 |
Australia | 111,587 |  |  | 113,077 |  |  | 62,567 |
South America | 72,813 |  |  | 87,759 |  |  | 105,691 |
All other countries | 65,128 |  |  | 72,085 |  |  | 47,881 |
Consolidated revenue | $ | 1,957,161 |  |  | $ | 2,016,032 |  |  | $ | 1,991,811 |
| For the Years Ended September 30,
LONG-LIVED ASSETS BY GEOGRAPHIC AREA | 2016 |  | 2015 |  | 2014
United States | $ | 466,266 |  |  | $ | 454,255 |  |  | $ | 439,737 |
Germany | 64,316 |  |  | 66,367 |  |  | 74,457 |
Canada | 35,984 |  |  | 36,449 |  |  | 42,374 |
Australia | 26,196 |  |  | 22,136 |  |  | 28,155 |
All other countries | 23,241 |  |  | 14,602 |  |  | 19,465 |
Consolidated property, plant and equipment, net | $ | 616,003 |  |  | $ | 593,809 |  |  | $ | 604,188 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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