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REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Sep. 30, 2021
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 | 2021 |  | 2020 |  | 2019
Consumer and Professional Products | $ | 1,229,518 |  |  | $ | 1,139,233 |  |  | $ | 1,000,608 |
Home and Building Products | 1,041,108 |  |  | 927,313 |  |  | 873,640 |
Defense Electronics | 271,060 |  |  | 340,976 |  |  | $ | 335,041 |
Subtotal | $ | 2,541,686 |  |  | $ | 2,407,522 |  |  | $ | 2,209,289 |
Less: Defense Electronics | (271,060) |  |  | (340,976) |  |  | (335,041) |
Total revenue | $ | 2,270,626 |  |  | $ | 2,066,546 |  |  | $ | 1,874,248 |
The following table provides a reconciliation of Segment Adjusted EBITDA to Income before taxes from continuing operations:
| For the Years Ended September 30,
| 2021 |  | 2020 |  | 2019
Segment Adjusted EBITDA: |  |  |  |  |
Consumer and Professional Products | $ | 115,673 |  |  | $ | 104,053 |  |  | $ | 90,677 |
Home and Building Products | 181,015 |  |  | 153,631 |  |  | 120,161 |
Defense Electronics | 20,486 |  |  | 25,228 |  |  | 35,104 |
Subtotal | 317,174 |  |  | 282,912 |  |  | 245,942 |
Less: Defense Electronics | (20,486) |  |  | (25,228) |  |  | (35,104) |
Segment Adjusted EBITDA | 296,688 |  |  | 257,684 |  |  | 210,838 |
Unallocated amounts, excluding depreciation | (49,054) |  |  | (48,262) |  |  | (47,231) |
Adjusted EBITDA | 247,634 |  |  | 209,422 |  |  | 163,607 |
Net interest expense | (62,735) |  |  | (65,795) |  |  | (67,513) |
Depreciation and amortization | (52,302) |  |  | (52,100) |  |  | (51,517) |
Restructuring charges | (21,418) |  |  | (13,670) |  |  | — |
Loss from debt extinguishment | — |  |  | (7,925) |  |  | — |
Acquisition contingent consideration | — |  |  | 1,733 |  |  | 1,646 |
Acquisition costs | — |  |  | (2,960) |  |  | — |
Income before taxes from continuing operations | $ | 111,179 |  |  | $ | 68,705 |  |  | $ | 46,223 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
| For the Years Ended September 30,
DEPRECIATION and AMORTIZATION | 2021 |  | 2020 |  | 2019
Segment: |  |  |  |  |
Consumer and Professional Products | $ | 34,433 |  |  | $ | 32,788 |  |  | $ | 32,289 |
Home and Building Products | 17,370 |  |  | 18,361 |  |  | 18,334 |
Defense Electronics | 10,762 |  |  | 10,645 |  |  | 10,667 |
Subtotal | 62,565 |  |  | 61,794 |  |  | 61,290 |
Less: Defense Electronics | (10,762) |  |  | (10,645) |  |  | (10,667) |
Total segment depreciation and amortization | 51,803 |  |  | 51,149 |  |  | 50,623 |
Corporate | 499 |  |  | 951 |  |  | 894 |
Total consolidated depreciation and amortization | $ | 52,302 |  |  | $ | 52,100 |  |  | $ | 51,517 |
CAPITAL EXPENDITURES |  |  |  |  |
Segment: |  |  |  |  |
Consumer and Professional Products | $ | 28,265 |  |  | $ | 23,321 |  |  | $ | 17,828 |
Home and Building Products | 8,648 |  |  | 17,499 |  |  | 16,498 |
Defense Electronics | 10,343 |  |  | 7,830 |  |  | 10,492 |
Subtotal | 47,256 |  |  | 48,650 |  |  | 44,818 |
Less: Defense Electronics | (10,343) |  |  | (7,830) |  |  | (10,492) |
Total segment | 36,913 |  |  | 40,820 |  |  | 34,326 |
Corporate | 38 |  |  | 348 |  |  | 543 |
Total consolidated capital expenditures | $ | 36,951 |  |  | $ | 41,168 |  |  | $ | 34,869 |
ASSETS | At September 30, 2021 |  | At September 30, 2020 |  |
Segment assets: |  |  |  |  |
Consumer and Professional Products | $ | 1,377,618 |  |  | $ | 1,255,127 |  |  |
Home and Building Products | 666,422 |  |  | 606,785 |  |  |
Total segment assets | 2,044,040 |  |  | 1,861,912 |  |  |
Corporate | 283,202 |  |  | 252,506 |  |  |
Total continuing assets | 2,327,242 |  |  | 2,114,418 |  |  |
Discontinued operations - held for sale | 273,414 |  |  | 325,678 |  |  |
Other discontinued operations | 4,029 |  |  | 8,497 |  |  |
Consolidated total | $ | 2,604,685 |  |  | $ | 2,448,593 |  |  |
Disaggregation of Revenue | Revenue from contracts with customers is disaggregated by end markets, segments and geographic location, as it more accurately depicts the nature and amount of the Company’s revenue.
| For the Year Ended September 30, 2021 | For the Year Ended September 30, 2020 | For the Year Ended September 30, 2019
Residential repair and remodel | $ | 185,896 |  | $ | 173,859 |  | $ | 140,369 |
Retail | 577,839 |  | 575,947 |  | 528,279 |
Residential new construction | 50,437 |  | 59,907 |  | 58,709 |
Industrial | 43,411 |  | 40,285 |  | 45,129 |
International excluding North America | 371,935 |  | 289,235 |  | 228,122 |
Total Consumer and Professional Products | 1,229,518 |  | 1,139,233 |  | 1,000,608 |
Residential repair and remodel | 516,995 |  | 467,112 |  | 439,287 |
Commercial construction | 407,585 |  | 354,916 |  | 335,339 |
Residential new construction | 116,528 |  | 105,285 |  | 99,014 |
Total Home and Building Products | 1,041,108 |  | 927,313 |  | 873,640 |
Total Revenue | $ | 2,270,626 |  | $ | 2,066,546 |  | $ | 1,874,248 |
The following table presents revenue disaggregated by geography based on the location of the Company's customer:
|  | For the Year Ended September 30, 2021
Revenue by Geographic Area - Destination |  | Consumer and Professional Products | Home and Building Products |  | Total
United States |  | $ | 766,150 |  | $ | 986,925 |  |  | $ | 1,753,075 |
Europe |  | 123,607 |  | 72 |  |  | 123,679 |
Canada |  | 85,676 |  | 44,661 |  |  | 130,337 |
Australia |  | 244,674 |  | — |  |  | 244,674 |
All other countries |  | 9,411 |  | 9,450 |  |  | 18,861 |
Total Revenue |  | $ | 1,229,518 |  | $ | 1,041,108 |  |  | $ | 2,270,626 |
| For the Year Ended September 30, 2020
Revenue by Geographic Area - Destination | Consumer and Professional Products | Home and Building Products |  | Total
United States | $769,100 | $877,115 |  | $1,646,215
Europe | 85,339 | 130 |  | 85,469
Canada | 74,072 | 38,662 |  | 112,734
Australia | 203,012 | — |  | 203,012
All other countries | 7,710 | 11,406 |  | 19,116
Total Revenue | $1,139,233 | $927,313 |  | $2,066,546
| For the Year Ended September 30, 2019
Revenue by Geographic Area - Destination | Consumer and Professional Products | Home and Building Products |  | Total
United States | $ | 690,772 |  | $ | 820,396 |  |  | $ | 1,511,168 |
Europe | 63,284 |  | 109 |  |  | 63,393 |
Canada | 72,327 |  | 39,472 |  |  | 111,799 |
Australia | 165,291 |  | 16 |  |  | 165,307 |
All other countries | 8,934 |  | 13,647 |  |  | 22,581 |
Total Revenue | $ | 1,000,608 |  | $ | 873,640 |  |  | $ | 1,874,248 |

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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