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REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Sep. 30, 2018
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Information on Griffon’s reportable segments from continuing operations is as follows:
| For the Years Ended September 30,
REVENUE | 2018 |  | 2017 |  | 2016
Home & Building Products: |  |  |  |  |  |  |  |
AMES | $ | 953,612 |  |  | $ | 545,269 |  |  | $ | 513,973 |
CBP | 697,969 |  |  | 568,001 |  |  | 527,370 |
Home & Building Products | 1,651,581 |  |  | 1,113,270 |  |  | 1,041,343 |
Defense Electronics | 326,337 |  |  | $ | 411,727 |  |  | $ | 435,692 |
Total consolidated net sales | $ | 1,977,918 |  |  | $ | 1,524,997 |  |  | $ | 1,477,035 |
| For the Years Ended September 30,
INCOME BEFORE TAXES FROM CONTINUING OPERATIONS | 2018 |  | 2017 |  | 2016
Segment operating profit: |  |  |  |  |
Home & Building Products | $ | 130,487 |  |  | $ | 89,495 |  |  | $ | 79,682 |
Defense Electronics | 25,262 |  |  | 29,943 |  |  | 42,801 |
Segment operating profit from continuing operations | 155,749 |  |  | 119,438 |  |  | 122,483 |
Net interest expense | (63,871 | ) |  | (51,449 | ) |  | (49,877 | )
Unallocated amounts | (45,812 | ) |  | (42,398 | ) |  | (40,393 | )
Acquisition costs | (5,217 | ) |  | (8,893 | ) |  | — |
Special dividend charges | (3,220 | ) |  | — |  |  | — |
Cost of life insurance benefit | (2,614 | ) |  | — |  |  | — |
Secondary equity offering costs | (1,205 | ) |  | — |  |  | — |
Income before taxes from continuing operations | $ | 33,810 |  |  | $ | 16,698 |  |  | $ | 32,213 |
The following table provides a reconciliation of Segment adjusted EBITDA to Income before taxes and discontinued operations:
| For the Years Ended September 30,
| 2018 |  | 2017 |  | 2016
Segment adjusted EBITDA: |  |  |  |  |  |  |  |
Home & Building Products | $ | 177,400 |  |  | $ | 126,766 |  |  | $ | 114,949 |
Defense Electronics | 36,063 |  |  | 45,931 |  |  | 53,385 |
Total Segment adjusted EBITDA from continuing operations | 213,463 |  |  | 172,697 |  |  | 168,334 |
Net interest expense | (63,871 | ) |  | (51,449 | ) |  | (49,877 | )
Segment depreciation and amortization | (55,334 | ) |  | (47,398 | ) |  | (45,851 | )
Unallocated amounts | (45,812 | ) |  | (42,398 | ) |  | (40,393 | )
Acquisition costs | (7,597 | ) |  | (9,617 | ) |  | — |
Special dividend charges | (3,220 | ) |  | — |  |  | — |
Cost of life insurance benefit | (2,614 | ) |  | — |  |  | — |
Secondary equity offering costs | (1,205 | ) |  | — |  |  | — |
Contract settlement charges | — |  |  | (5,137 | ) |  | — |
Income before taxes from continuing operations | $ | 33,810 |  |  | $ | 16,698 |  |  | $ | 32,213 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
| For the Years Ended September 30,
DEPRECIATION and AMORTIZATION | 2018 |  | 2017 |  | 2016
Segment: |  |  |  |  |
Home & Building Products | $ | 44,533 |  |  | $ | 36,547 |  |  | $ | 35,267 |
Defense Electronics | 10,801 |  |  | 10,851 |  |  | 10,584 |
Total segment depreciation and amortization | 55,334 |  |  | 47,398 |  |  | 45,851 |
Corporate | 469 |  |  | 480 |  |  | 491 |
Total consolidated depreciation and amortization | $ | 55,803 |  |  | $ | 47,878 |  |  | $ | 46,342 |
CAPITAL EXPENDITURES |  |  |  |  |  |  |  |
Segment: |  |  |  |  |  |  |  |
Home & Building Products | $ | 36,587 |  |  | $ | 24,476 |  |  | $ | 49,351 |
Defense Electronics | 10,941 |  |  | 8,204 |  |  | 9,007 |
Total segment | 47,528 |  |  | 32,680 |  |  | 58,358 |
Corporate | 2,610 |  |  | 2,257 |  |  | 918 |
Total consolidated capital expenditures | $ | 50,138 |  |  | $ | 34,937 |  |  | $ | 59,276 |
ASSETS | At September 30, 2018 |  | At September 30, 2017 |  | At September 30, 2016
Segment assets: |  |  |  |  |  |  |  |
Home & Building Products | $ | 1,631,631 |  |  | $ | 1,084,103 |  |  | $ | 1,020,297 |
Defense Electronics | 346,907 |  |  | 343,445 |  |  | 334,631 |
Total segment assets | 1,978,538 |  |  | 1,427,548 |  |  | 1,354,928 |
Corporate | 103,112 |  |  | 71,980 |  |  | 62,257 |
Total continuing assets | 2,081,650 |  |  | 1,499,528 |  |  | 1,417,185 |
Assets of discontinued operations | 3,240 |  |  | 374,013 |  |  | 364,911 |
Consolidated total | $ | 2,084,890 |  |  | $ | 1,873,541 |  |  | $ | 1,782,096 |
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 | 2018 |  | 2017 |  | 2016
United States | $ | 1,521,187 |  |  | $ | 1,164,958 |  |  | $ | 1,149,448 |
Europe | 102,814 |  |  | 67,048 |  |  | 68,604 |
Canada | 123,341 |  |  | 106,080 |  |  | 102,333 |
Australia | 166,980 |  |  | 124,757 |  |  | 106,780 |
All other countries | 63,596 |  |  | 62,154 |  |  | 49,870 |
Consolidated revenue | $ | 1,977,918 |  |  | $ | 1,524,997 |  |  | $ | 1,477,035 |
| For the Years Ended September 30,
LONG-LIVED ASSETS BY GEOGRAPHIC AREA | 2018 |  | 2017 |  | 2016
United States | $ | 612,294 |  |  | $ | 358,795 |  |  | $ | 370,332 |
Canada | 33,884 |  |  | 36,383 |  |  | 35,984 |
Australia | 33,288 |  |  | 35,917 |  |  | 26,196 |
United Kingdom | 24,892 |  |  | 4,144 |  |  | — |
Mexico | 7,017 |  |  | — |  |  | — |
All other countries | 1,976 |  |  | 2,023 |  |  | 2,342 |
Consolidated long-lived assets, net | $ | 713,351 |  |  | $ | 437,262 |  |  | $ | 434,854 |

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