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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | The following amounts summarize the total assets and liabilities of PPC and Installation Services and other discontinued activities which have been segregated from Griffon’s continuing operations and are reported as assets and liabilities of discontinued operations in the consolidated balance sheets:
| At September 30, 2018 |  | At September 30, 2017
Assets of discontinued operations: |  |  |  |  |
Prepaid and other current assets | $ | 324 |  |  | $ | 329 |
Other long-term assets | 2,916 |  |  | 2,960 |
Total assets of discontinued operations | $ | 3,240 |  |  | $ | 3,289 |
Liabilities of discontinued operations: |  |  |  |  |
Accrued liabilities, current | $ | 7,210 |  |  | $ | 8,342 |
Other long-term liabilities | 2,648 |  |  | 3,037 |
Total liabilities of discontinued operations | $ | 9,858 |  |  | $ | 11,379 |
The following amounts related to the PPC segment have been segregated from Griffon's continuing operations and are reported as discontinued operations:
|  | For the Year Ended September 30,
|  | 2018 |  | 2017 |  | 2016
Revenue |  | $ | 166,262 |  |  | $ | 460,914 |  |  | $ | 480,126 |
Cost of goods and services |  | 132,100 |  |  | 389,416 |  |  | 407,385 |
Gross profit |  | 34,162 |  |  | 71,498 |  |  | 72,741 |
Selling, general and administrative expenses |  | 26,303 |  |  | 43,518 |  |  | 45,673 |
Restructuring charges |  | — |  |  | — |  |  | 5,900 |
Total operating expenses |  | 26,303 |  |  | 43,518 |  |  | 51,573 |
Income from discontinued operations |  | 7,859 |  |  | 27,980 |  |  | 21,168 |
Other income (expense) |  |  |  |  |  |  |  |  |
Gain on sale of business |  | 112,964 |  |  | — |  |  | — |
Interest expense, net |  | (155 | ) |  | (63 | ) |  | (1,234 | )
Other, net |  | (687 | ) |  | 59 |  |  | 1,018 |
Total other income (expense) |  | 112,122 |  |  | (4 | ) |  | (216 | )
Income from operations of discontinued operations |  | 119,981 |  |  | 27,976 |  |  | 20,952 |
The following amounts related to PPC have been segregated from Griffon's continuing operations and are reported as assets and liabilities of discontinued operations held for sale in the consolidated balance sheet at September 30, 2017:
| At September 30, 2017 |
ASSETS |  |  |
Accounts receivable, net | $ | 51,768 |  |
Inventories, net | 45,742 |  |
Prepaid and other current assets | 11,000 |  |
PROPERTY, PLANT AND EQUIPMENT, net | 185,940 |  |
GOODWILL | 57,087 |  |
INTANGIBLE ASSETS, net | 12,298 |  |
OTHER ASSETS | 6,889 |  |
Total Assets Held for Sale | $ | 370,724 |  |
LIABILITIES |  |  |
Notes payable and current portion of long-term debt | $ | 11,163 |  |
Accounts payable | 36,619 |  |
Accrued liabilities | 14,553 |  |
LONG-TERM DEBT, net | 10,549 |  |
OTHER LIABILITIES | 11,566 |  |
Total Liabilities Held for Sale | $ | 84,450 |  |
Restructuring and Related Cost | The following amounts related to the PPC segment have been segregated from Griffon's continuing operations and are reported as discontinued operations:
|  | For the Year Ended September 30,
|  | 2018 |  | 2017 |  | 2016
Revenue |  | $ | 166,262 |  |  | $ | 460,914 |  |  | $ | 480,126 |
Cost of goods and services |  | 132,100 |  |  | 389,416 |  |  | 407,385 |
Gross profit |  | 34,162 |  |  | 71,498 |  |  | 72,741 |
Selling, general and administrative expenses |  | 26,303 |  |  | 43,518 |  |  | 45,673 |
Restructuring charges |  | — |  |  | — |  |  | 5,900 |
Total operating expenses |  | 26,303 |  |  | 43,518 |  |  | 51,573 |
Income from discontinued operations |  | 7,859 |  |  | 27,980 |  |  | 21,168 |
Other income (expense) |  |  |  |  |  |  |  |  |
Gain on sale of business |  | 112,964 |  |  | — |  |  | — |
Interest expense, net |  | (155 | ) |  | (63 | ) |  | (1,234 | )
Other, net |  | (687 | ) |  | 59 |  |  | 1,018 |
Total other income (expense) |  | 112,122 |  |  | (4 | ) |  | (216 | )
Income from operations of discontinued operations |  | 119,981 |  |  | 27,976 |  |  | 20,952 |

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