Griffon (GFF) 10-Q 31 Jul 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - Jun. 30, 2015 - shares	Total
Document and Entity Information [Abstract]
Entity Registrant Name	GRIFFON CORP
Document Type	10-Q
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding	49,837,104
Amendment Flag	false
Entity Central Index Key	50,725
Entity Current Reporting Status	Yes
Entity Voluntary FIlers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus (Q1,Q2,Q3,FY)	Q3

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
CURRENT ASSETS
Cash and equivalents	$ 45,955	$ 92,405
Accounts receivable, net of allowances of $6,411 and $7,336	240,189	258,436
Contract costs and recognized income not yet billed, net of progress payments of $16,834 and $16,985	104,011	109,930
Inventories, net	318,193	290,135
Prepaid and other current assets	46,747	62,569
Assets of discontinued operations	1,625	1,624
Total Current Assets	756,720	815,099
PROPERTY, PLANT AND EQUIPMENT, net	366,364	370,565
GOODWILL	362,745	375,294
INTANGIBLE ASSETS, net	219,653	233,623
OTHER ASSETS	14,139	13,302
ASSETS OF DISCONTINUED OPERATIONS	2,131	2,126
Total Assets	1,721,752	1,810,009
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	11,771	7,886
Accounts payable	175,569	218,703
Accrued liabilities	99,029	104,740
Liabilities of discontinued operations	2,392	3,282
Total Current Liabilities	288,761	334,611
LONG-TERM DEBT, net	828,699	791,301
OTHER LIABILITIES	138,800	148,240
LIABILITIES OF DISCONTINUED OPERATIONS	3,244	3,830
Total Liabilities	$ 1,259,504	$ 1,277,982
COMMITMENTS AND CONTINGENCIES - See Note 19
SHAREHOLDERS’ EQUITY
Total Shareholders’ Equity	$ 462,248	$ 532,027
Total Liabilities and Shareholders’ Equity	$ 1,721,752	$ 1,810,009

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Statement of Financial Position [Abstract]
Accounts receivable, net allowances	$ 6,411	$ 7,336
Contract costs, net of progress payments	16,834	16,985
Debt discount, long term debt	$ 6,628	$ 9,584

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - 9 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	COMMON STOCK [Member]	CAPITAL INEXCESS OFPAR VALUE [Member]	RETAINED EARNINGS [Member]	TREASURY SHARES [Member]	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Member]	DEFERRED COMPENSATION [Member]
Stock Repurchased During Period, Shares	3,840,455,000
Balance at Sep. 30, 2014	$ 532,027	$ 19,621	$ 506,090	$ 427,913	$ (354,216)	$ (30,064)	$ (37,317)
Balance (in Shares) at Sep. 30, 2014		78,484,000			25,335,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,486			23,486
Dividend	(5,807)			(5,807)
Tax effect from exercise/vesting of equity awards, net	345		345
Amortization of deferred compensation	2,088						2,088
Common stock issued (shares)		56,000
Common stock issued	371	$ 14	357
Common stock acquired	(58,218)				$ (58,218)
Common stock acquired (in Shares)					3,917,000
Common stock issued for equity awards, net	(159)	$ 137	(296)
Stock grants and equity awards, net (in Shares)		549,000
ESOP allocation of common stock	651		651
Stock-based compensation	8,303		8,303
Other comprehensive loss, net of tax	(40,839)					(40,839)
Balance at Jun. 30, 2015	$ 462,248	$ 19,772	$ 515,450	$ 445,592	$ (412,434)	$ (70,903)	$ (35,229)
Balance (in Shares) at Jun. 30, 2015		79,089,000			29,252,000

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue	$ 511,694	$ 505,039	$ 1,513,874	$ 1,466,184
Cost of goods and services	388,205	386,732	1,158,021	1,132,387
Gross profit	123,489	118,307	355,853	333,797
Selling, general and administrative expenses	95,575	96,135	283,037	273,437
Restructuring and other related charges	0	358	0	1,892
Total operating expenses	95,575	96,493	283,037	275,329
Income from operations	27,914	21,814	72,816	58,468
Other income (expense)
Interest expense	(12,169)	(11,661)	(35,935)	(37,184)
Interest income	19	120	291	181
Loss from debt extinguishment, net	0	0	0	(38,890)
Other, net	929	2,621	(279)	4,310
Total other expense, net	(11,221)	(8,920)	(35,923)	(71,583)
Income (loss) before taxes	16,693	12,894	36,893	(13,115)
Provision (benefit) for income taxes	5,800	(1,570)	13,407	(4,990)
Net income (loss)	$ 10,893	$ 14,464	$ 23,486	$ (8,125)
Basic income (loss) per common share (in Dollars per share)	$ 0.25	$ 0.30	$ 0.52	$ (0.16)
Weighted-average shares outstanding	44,025	48,370	45,228	50,038
Diluted income (loss) per common share (in Dollars per share)	$ 0.23	$ 0.29	$ 0.50	$ (0.16)
Weighted-average shares outstanding	46,980	49,836	47,285	50,038
Dividends paid per common share (in Dollars per share)	$ 0.04	$ 0.03	$ 0.12	$ 0.09
Net income (loss)	$ 10,893	$ 14,464	$ 23,486	$ (8,125)
Other comprehensive income (loss), net of taxes:
Foreign currency translation adjustments	4,801	2,809	(41,083)	896
Pension and other post retirement plans	353	317	1,059	1,732
Gain on cash flow hedge	209	0	55	0
Change in available-for-sale securities	0	0	(870)	0
Total other comprehensive income (loss), net of taxes	5,363	3,126	(40,839)	2,628
Comprehensive income (loss), net	$ 16,256	$ 17,590	$ (17,353)	$ (5,497)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 23,486	$ (8,125)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	51,901	50,027
Stock-based compensation	8,303	8,133
Asset impairment charges - restructuring	0	191
Provision for losses on accounts receivable	121	420
Amortization of debt discounts and issuance costs	4,894	4,789
Loss from debt extinguishment, net	0	38,890
Deferred income taxes	1,111	(314)
(Gain) loss on sale/disposal of assets and investments	(317)	78
Change in assets and liabilities, net of assets and liabilities acquired:
Decrease in accounts receivable and contract costs and recognized income not yet billed	14,977	7,443
Increase in inventories	(36,483)	(33,195)
Increase in prepaid and other assets	(596)	(3,439)
Decrease in accounts payable, accrued liabilities and income taxes payable	(39,864)	(15,754)
Other changes, net	2,053	712
Net cash provided by operating activities	29,586	49,856
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(55,365)	(54,859)
Acquired businesses, net of cash acquired	(2,225)	(62,306)
Proceeds from sale of assets	275	491
Investment sales (purchases)	8,891	(8,402)
Net cash used in investing activities	(48,424)	(125,076)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock	371	584
Dividends paid	(5,807)	(4,841)
Purchase of shares for treasury	(58,218)	(72,518)
Proceeds from long-term debt	121,523	682,913
Payments of long-term debt	(80,495)	(602,134)
Change in short-term borrowings	(81)	3,138
Financing costs	(592)	(10,928)
Purchase of ESOP shares	0	(10,000)
Tax benefit from exercise/vesting of equity awards, net	345	273
Other, net	206	194
Net cash used in financing activities	(22,748)	(13,319)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in operating activities	(830)	(1,018)
Net cash used in discontinued operations	(830)	(1,018)
Effect of exchange rate changes on cash and equivalents	(4,034)	(1,136)
NET DECREASE IN CASH AND EQUIVALENTS	(46,450)	(90,693)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	92,405	178,130
CASH AND EQUIVALENTS AT END OF PERIOD	$ 45,955	$ 87,437

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION About Griffon Corporation Griffon Corporation (the “Company” or “Griffon”) is a diversified management and holding company that conducts business through wholly-owned subsidiaries. Griffon oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. Griffon provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. In order to further diversify, Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital. Griffon currently conducts its operations through three reportable segments: • Home & Building Products (“HBP”) consists of two companies, The AMES Companies, Inc. (“AMES”) and Clopay Building Products Company, Inc. (“CBP”): - AMES is a global provider of non-powered landscaping products for homeowners and professionals. - CBP is a leading manufacturer and marketer of residential, commercial and industrial garage doors to professional dealers and major home center retail chains. • Telephonics Corporation (“Telephonics”) designs, develops and manufactures high-technology integrated information, communication and sensor system solutions for military and commercial markets worldwide. • Clopay Plastic Products Company, Inc. (“Plastics”) is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial applications. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these financial statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements. As such, they should be read with reference to Griffon’s Annual Report on Form 10-K for the year ended September 30, 2014 , which provides a more complete explanation of Griffon’s accounting policies, financial position, operating results, business properties and other matters. In the opinion of management, these financial statements reflect all adjustments considered necessary for a fair statement of interim results. Griffon’s HBP operations are seasonal; for this and other reasons, the financial results of the Company for any interim period are not necessarily indicative of the results for the full year. The condensed consolidated balance sheet information at September 30, 2014 was derived from the audited financial statements included in Griffon’s Annual Report on Form 10-K for the year ended September 30, 2014 . The consolidated financial statements include the accounts of Griffon and all subsidiaries. Intercompany accounts and transactions have been eliminated on consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. These estimates may be adjusted due to changes in economic, industry or customer financial conditions, as well as changes in technology or demand. Significant estimates include allowances for doubtful accounts receivable and returns, net realizable value of inventories, restructuring reserves, valuation of goodwill and intangible assets, percentage of completion method of accounting, pension assumptions, useful lives associated with depreciation and amortization of intangible and fixed assets, warranty reserves, sales incentive accruals, stock based compensation assumptions, income taxes and tax valuation reserves, environmental reserves, legal reserves, insurance reserves and the valuation of assets and liabilities of discontinued operations, acquisition assumptions used and the accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions Griffon may undertake in the future. Actual results may ultimately differ from these estimates. Certain amounts in the prior year have been reclassified to conform to current year presentation.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The carrying values of cash and equivalents, accounts receivable, accounts and notes payable, and revolving credit and variable interest rate debt approximate fair value due to either the short-term nature of such instruments or the fact that the interest rate of the revolving credit and variable rate debt is based upon current market rates. Applicable accounting guidance establishes a fair value hierarchy requiring the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. The accounting guidance establishes three levels of inputs that may be used to measure fair value, as follows: • Level 1 inputs are measured and recorded at fair value based upon quoted prices in active markets for identical assets. • Level 2 inputs include inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities. • Level 3 inputs are unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The fair values of Griffon’s 2022 senior notes and 2017, 4% convertible notes approximated $591,000 and $122,250 , respectively, on June 30, 2015 . Fair values were based upon quoted market prices (level 1 inputs). Insurance contracts with values of $3,285 at June 30, 2015 , are measured and recorded at fair value based upon quoted prices in active markets for similar assets (level 2 inputs) and are included in Prepaid and other current assets on the Consolidated Balance Sheets. Items Measured at Fair Value on a Recurring Basis At June 30, 2015, trading securities, measured at fair value based on quoted prices in active markets for similar assets (level 2 inputs), with a fair value of $1,231 ( $1,000 cost basis) were included in Prepaid and other current assets on the Consolidated Balance Sheets. During the second quarter, the Company settled all outstanding available-for-sale securities with proceeds totaling $8,891 and recognized a gain of $489 in Other income, and accordingly, a gain of $870 , net of tax, on available-for-sale securities was reclassified out of Accumulated other comprehensive income (loss) ("AOCI"). Realized and unrealized gains and losses on trading securities, and realized gains and losses on available-for-sale securities are included in Other income in the Consolidated Statements of Operations and Comprehensive Income (Loss). In the normal course of business, Griffon’s operations are exposed to the effect of changes in foreign currency exchange rates. To manage these risks, Griffon may enter into various derivative contracts such as foreign currency exchange contracts, including forwards and options. During 2015, Griffon entered into several such contracts in order to lock into a foreign currency rate for planned settlements of trade and inter-company liabilities payable in US dollars. Griffon had $12,851 of Australian dollar contracts at a weighted average rate of $1.31 . At inception, these hedges were all deemed effective as cash flow hedges with gains and losses related to changes in fair value deferred and recorded in Other comprehensive income (loss) and Prepaid and other current assets, or Accrued liabilities, until settlement. Upon settlement, gains and losses are recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss) in Cost of goods and services ("COGS"). AOCI included deferred gains of $439 ( $307 , net of tax) at June 30, 2015 and gains of $281 and $520 were recorded in COGS during the quarter and nine months ended June 30, 2015, respectively, for all settled contracts. All contracts expire in 7 to 153 days. At June 30, 2015 , Griffon had $1,698 of Canadian dollar contracts at a weighted average rate of $1.25 . The contracts, which protect Canada operations from currency fluctuations for U.S. dollar based purchases, do not qualify for hedge accounting. As of June 30, 2015 , a fair value gain of $159 was recorded to Other income for the outstanding contracts, based on similar contract values (level 2 inputs). All contracts expire in 48 to 108 days. Gains of $78 and $164 were recorded in Other Income during the quarter and nine months ended June 30, 2015, respectively, for all settled contracts.

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
ACQUISITIONS	ACQUISITIONS On April 16, 2015, AMES acquired the assets of an operational wood mill in Champion, PA from the Babcock Lumber Company for $2,225 . The purchase price was preliminarily allocated to property, plant and equipment. The wood mill secures wood supplies, lowers overall production costs and mitigates risk associated with manufacturing handles for wheelbarrows and long-handled tools. On May 21, 2014, AMES acquired the Australian Garden and Tools business of Illinois Tool Works, Inc. (“Cyclone”) for approximately $40,000 . Cyclone, which was integrated with AMES, offers a full range of quality garden and hand tool products sold under various leading brand names including Cyclone®, Nylex® and Trojan®, designed to meet the requirements of both the Do-it-Yourself and professional trade segments. Selling, General and Administrative ("SG&A") expenses included $1,600 and $763 of related acquisition costs recorded in the third and fourth quarters of 2014, respectively. On December 31, 2013, AMES acquired Northcote Pottery (“Northcote”), founded in 1897 and a leading brand in the Australian outdoor planter and decor market, for approximately $22,000 . Northcote, which was integrated with AMES, complements Southern Patio, acquired in 2011, and, with Cyclone, adds to AMES’ existing lawn and garden operations in Australia. First quarter 2014 SG&A expenses included $798 of related acquisition costs. The accounts of the acquired companies, after adjustment to reflect fair market values (level 3 inputs), have been included in the consolidated financial statements from the date of acquisition; in each instance, acquired inventory was not significant. The following table summarizes the fair values of the Cyclone and Northcote assets and liabilities as of the date of acquisition: Cyclone Northcote Total Current Assets, net of cash acquired $ 21,116 $ 7,398 $ 28,514 PP&E 488 1,385 1,873 Goodwill 14,770 11,254 26,024 Amortizable intangible assets 11,608 6,098 17,706 Indefinite life intangible assets 3,548 3,121 6,669 Total assets acquired 51,530 29,256 80,786 Total liabilities assumed (12,005 ) (7,475 ) (19,480 ) Net assets acquired $ 39,525 $ 21,781 $ 61,306 Amounts assigned to major intangible assets, none of which are tax deductible, for Cyclone and Northcote are as follows: Cyclone Northcote Total Amortization Period (Years) Goodwill $ 14,770 $ 11,254 26,024 N/A Tradenames 3,548 3,121 6,669 Indefinite Customer relationships 11,608 6,098 17,706 25 $ 29,926 $ 20,473 50,399

INVENTORIES

INVENTORIES	9 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories are stated at the lower of cost (first-in, first-out or average) or market. The following table details the components of inventory: At June 30, 2015 At September 30, 2014 Raw materials and supplies $ 78,225 $ 75,560 Work in process 79,029 67,866 Finished goods 160,939 146,709 Total $ 318,193 $ 290,135

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT The following table details the components of property, plant and equipment, net: At June 30, 2015 At September 30, 2014 Land, building and building improvements $ 123,874 $ 127,714 Machinery and equipment 736,021 720,417 Leasehold improvements 46,487 42,852 906,382 890,983 Accumulated depreciation and amortization (540,018 ) (520,418 ) Total $ 366,364 $ 370,565 Depreciation and amortization expense for property, plant and equipment was $15,541 and $14,766 for the quarters ended June 30, 2015 and 2014 , respectively, and $46,100 and $44,163 for the nine months ended June 30, 2015 and 2014, respectively. Depreciation included in SG&A expenses was $3,257 and $2,507 for the quarters ended June 30, 2015 and 2014, respectively, and $9,688 and $7,743 for the nine months ended June 30, 2015 and 2014. Remaining components of depreciation, attributable to manufacturing operations, are included in Cost of goods and services. No event or indicator of impairment occurred during the nine months ended June 30, 2015 , which would require additional impairment testing of property, plant and equipment.

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	9 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	GOODWILL AND OTHER INTANGIBLES The following table provides changes in the carrying value of goodwill by segment during the nine months ended June 30, 2015 : At September 30, 2014 Other At June 30, 2015 Home & Building Products $ 291,844 $ (3,303 ) $ 288,541 Telephonics 18,545 — 18,545 Plastics 64,905 (9,246 ) 55,659 Total $ 375,294 $ (12,549 ) $ 362,745 The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets: At June 30, 2015 At September 30, 2014 Gross Carrying Amount Accumulated Amortization Average Life (Years) Gross Carrying Amount Accumulated Amortization Customer relationships $ 171,959 $ 38,676 25 $ 180,282 $ 35,280 Unpatented technology 6,144 3,435 13 6,500 3,313 Total amortizable intangible assets 178,103 42,111 186,782 38,593 Trademarks 83,661 — 85,434 — Total intangible assets $ 261,764 $ 42,111 $ 272,216 $ 38,593 Amortization expense for intangible assets was $1,907 and $2,028 for the quarters ended June 30, 2015 and 2014, respectively and $5,801 and $5,864 for the nine months ended June 30, 2015 and 2014, respectively. No event or indicator of impairment occurred during the nine months ended June 30, 2015 , which would require impairment testing of long-lived intangible assets including goodwill.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES In both the quarter and nine months ended June 30, 2015, the Company reported pretax income compared to pretax income in the prior year quarter and a pretax loss in the prior year nine-month period. The Company recognized tax provisions of 34.7% and 36.3% for the quarter and nine months ended June 30, 2015, respectively, compared to benefits of 12.2% and 38.0% , respectively, in the comparable prior year periods. The current quarter and nine months ended June 30, 2015 included a $250 discrete benefit and $244 discrete provision, respectively. The comparable prior year periods included benefits of $1,860 and $1,540 , respectively. In both years, the discrete items arose primarily from the filing of returns, conclusion of tax audits in various jurisdictions and the impact of enacted tax law changes. Excluding discrete items, and for the prior year also excluding the impact from debt extinguishment, the effective tax rates for the quarter and nine months ended June 30, 2015 were 36.3% and 35.7% , respectively, compared to 36.6% and 36.7% , respectively, in the comparable prior year periods.

LONG-TERM DEBT

LONG-TERM DEBT	9 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM DEBT	LONG-TERM DEBT At June 30, 2015 At September 30, 2014 Outstanding Balance Original Issuer Discount Capitalized Fees & Expenses Balance Sheet Coupon Interest Rate (1) Outstanding Balance Original Issuer Discount Capitalized Fees & Expenses Balance Sheet Coupon Interest Rate (1) Senior notes due 2022 (a) $ 600,000 $ — $ (8,587 ) $ 591,413 5.25 % $ 600,000 $ — $ (9,553 ) $ 590,447 5.25 % Revolver due 2020 (b) 65,000 — (2,162 ) 62,838 n/a 25,000 — (2,009 ) 22,991 n/a Convert. debt due 2017 (c) 100,000 (6,628 ) (702 ) 92,670 4.00 % 100,000 (9,584 ) (1,034 ) 89,382 4.00 % Real estate mortgages (d) 15,744 — (468 ) 15,276 n/a 16,388 — (576 ) 15,812 n/a ESOP Loans (e) 37,295 — (239 ) 37,056 n/a 38,946 — (262 ) 38,684 n/a Capital lease - real estate (f) 7,785 — (162 ) 7,623 5.00 % 8,551 — (181 ) 8,370 5.00 % Non U.S. lines of credit (g) 7,116 — (8 ) 7,108 n/a 3,306 — — 3,306 n/a Non U.S. term loans (h) 24,879 — (96 ) 24,783 n/a 28,470 — (161 ) 28,309 n/a Other long term debt (i) 1,703 — — 1,703 n/a 1,910 — (24 ) 1,886 n/a Totals 859,522 (6,628 ) (12,424 ) 840,470 822,571 (9,584 ) (13,800 ) 799,187 less: Current portion (11,771 ) — — (11,771 ) (7,886 ) — — (7,886 ) Long-term debt $ 847,751 $ (6,628 ) $ (12,424 ) $ 828,699 $ 814,685 $ (9,584 ) $ (13,800 ) $ 791,301 Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Effective Interest Rate (1) Cash Interest Amort. Debt Amort. Debt Issuance Costs Total Interest Expense Effective Interest Rate (1) Cash Interest Amort. Debt Amort. Total Interest Expense Senior notes due 2022 (a) 5.5 % 7,875 — 323 8,198 5.5% 7,875 — 310 8,185 Revolver due 2020 (b) n/a 761 — 116 877 n/a 309 — 144 453 Convert. debt due 2017 (c) 9.2 % 1,000 1,004 111 2,115 9.1 % 1,000 921 112 2,033 Real estate mortgages (d) 3.8 % 117 — 36 153 3.8 % 124 — 35 159 ESOP Loans (e) 2.9 % 255 — 17 272 2.9 % 192 — 25 217 Capital lease - real estate (f) 5.3 % 100 — 6 106 5.3 % 112 — 5 117 Non U.S. lines of credit (g) n/a 195 — — 195 n/a 307 — 27 334 Non U.S. term loans (h) n/a 324 — 14 338 n/a 273 — 13 286 Other long term debt (i) n/a 12 — 1 13 n/a 6 — 9 15 Capitalized interest (98 ) — — (98 ) (138 ) — — (138 ) Totals $ 10,541 $ 1,004 $ 624 $ 12,169 $ 10,060 $ 921 $ 680 $ 11,661 (1) not applicable = n/a Nine Months Ended June 30, 2015 Nine Months Ended June 30, 2014 Effective Interest Rate (1) Cash Interest Amort. Debt Discount Amort. Debt Issuance Costs & Other Fees Total Interest Expense Effective Interest Rate (1) Cash Interest Amort. Debt Discount Amort. Debt Issuance Costs & Other Fees Total Interest Expense Senior notes due 2018 (a) n/a $ — $ — $ — $ — 7.4 % $ 15,930 $ — $ 667 $ 16,597 Senior notes due 2022 (a) 5.5 % 23,625 — 967 24,592 5.5 % 10,675 — 421 11,096 Revolver due 2020 (b) n/a 1,758 — 407 2,165 n/a 782 — 422 1,204 Convert. debt due 2017 (c) 9.1 % 3,000 2,956 332 6,288 9.1 % 3,000 2,713 333 6,046 Real estate mortgages (d) 3.9 % 357 — 108 465 4.0 % 376 — 108 484 ESOP Loans (e) 2.9 % 769 — 52 821 3.2 % 524 — 32 556 Capital lease - real estate (f) 5.3 % 308 — 19 327 5.4 % 345 — 19 364 Non U.S. lines of credit (g) n/a 445 — — 445 n/a 724 — 27 751 Non U.S. term loans (h) n/a 1,049 — 44 1,093 n/a 426 — 17 443 Other long term debt (i) n/a 65 — 9 74 n/a 17 — 30 47 Capitalized interest (335 ) — — (335 ) (404 ) — — (404 ) Totals $ 31,041 $ 2,956 $ 1,938 $ 35,935 $ 32,395 $ 2,713 $ 2,076 $ 37,184 On February 27, 2014, in an unregistered offering through a private placement under Rule 144A, Griffon issued, at par, $600,000 of 5.25% Senior Notes due 2022 (“Senior Notes”); interest is payable semi-annually on March 1 and September 1. Proceeds from the Senior Notes were used to redeem $550,000 of 7.125% senior notes due 2018, to pay a call and tender offer premium of $31,530 and to make interest payments of $16,716 , with the balance used to pay a portion of the related transaction fees and expenses. In connection with the issuance of the Senior Notes, all obligations under the $550,000 of 7.125% senior notes due 2018 were discharged. The Senior Notes are senior unsecured obligations of Griffon guaranteed by certain domestic subsidiaries, and subject to certain covenants, limitations and restrictions. On June 18, 2014, Griffon exchanged all of the Senior Notes for substantially identical Senior Notes registered under the Securities Act of 1933 via an exchange offer. The fair value of the Senior Notes approximated $591,000 on June 30, 2015 based upon quoted market prices (level 1 inputs). In connection with these transactions, Griffon capitalized $10,313 of underwriting fees and other expenses incurred related to the issuance and exchange of the Senior Notes, which will amortize over the term of such notes. Griffon recognized a loss on the early extinguishment of debt on the 7.125% senior notes aggregating $38,890 , comprised of the $31,530 tender offer premium, the write-off of $6,574 of remaining deferred financing fees and $786 of prepaid interest on defeased notes. (b) On March 13, 2015, Griffon amended its Revolving Credit Facility (the “Credit Agreement”) to increase the credit facility from $225,000 to $250,000 , extend its maturity date from March 28, 2019 to March 13, 2020 and modify certain other provisions of the facility. The facility includes a letter of credit sub-facility with a limit of $50,000 (decreased from $60,000 ), and a multi-currency sub-facility of $50,000 . The Credit Agreement provides for same day borrowings of base rate loans in lieu of a swing line sub-facility. Borrowings under the Credit Agreement may be repaid and re-borrowed at any time, subject to final maturity of the facility, or the occurrence or event of default under the Credit Agreement. Interest is payable on borrowings at either a LIBOR or base rate benchmark rate, in each case without a floor, plus an applicable margin, which adjusts based on financial performance. Current margins are 1.25% for base rate loans and 2.25% for LIBOR loans. The Credit Agreement has certain financial maintenance tests including a maximum total leverage ratio, a maximum senior secured leverage ratio and a minimum interest coverage ratio, as well as customary affirmative and negative covenants, and events of default. The negative covenants place limits on Griffon's ability to, among other things, incur indebtedness, incur liens, and make restricted payments and investments. Borrowings under the Credit Agreement are guaranteed by Griffon’s material domestic subsidiaries and are secured, on a first priority basis, by substantially all domestic assets of the Company and the guarantors, and a pledge of not greater than 65% of the equity interest in each of Griffon’s material, first-tier foreign subsidiaries (except that a lien on the assets of Griffon's material domestic subsidiaries securing a limited amount of the debt under the credit agreement relating to Griffon's Employee Stock Ownership Plan ("ESOP") ranks pari passu with the lien granted on such assets under the Credit Agreement; see footnote (e) below). At June 30, 2015 , outstanding borrowings and standby letters of credit were $65,000 and $17,200 , respectively, under the Credit Agreement; $167,800 was available for borrowing at that date. (c) On December 21, 2009, Griffon issued $100,000 principal of 4% convertible subordinated notes due 2017 (the “2017 Notes”). The current conversion rate of the 2017 Notes is 69.3811 shares of Griffon’s common stock per $1 principal amount of notes, corresponding to a conversion price of $14.41 per share. When a cash dividend is declared that would result in an adjustment to the conversion ratio of less than 1% , any adjustment to the conversion ratio is deferred until the first to occur of (i) actual conversion; (ii) the 42nd trading day prior to maturity of the notes; and (iii) such time as the cumulative adjustment equals or exceeds 1% . As of June 30, 2015 , aggregate dividends since the last conversion price adjustment of $0.04 per share would have resulted in an adjustment to the conversion ratio of approximately 0.25% . At both June 30, 2015 and 2014, the 2017 Notes had a capital in excess of par component, net of tax, of $15,720 . The fair value of the 2017 Notes approximated $122,250 on June 30, 2015 based upon quoted market prices (level 1 inputs). (d) On October 21, 2013, Griffon refinanced two real estate mortgages to secure loans totaling $17,175 . The loans mature in October 2018, are collateralized by the related properties and are guaranteed by Griffon. The loans bear interest at a rate of LIBOR plus 2.75% . (e) In December 2013, Griffon’s ESOP entered into an agreement that refinanced the two existing ESOP loans into one new Term Loan in the amount of $21,098 (the "Agreement"). The Agreement also provided for a Line Note with $10,000 available to purchase shares of Griffon common stock in the open market. In July 2014, Griffon's ESOP entered into an amendment to the existing Agreement which provided an additional $10,000 Line Note available to purchase shares in the open market. During 2014, the Line Notes were combined with the Term Loan to form one new Term Loan. The Term Loan bears interest at LIBOR plus 2.38% or the lender’s prime rate, at Griffon’s option. The Term Loan requires quarterly principal payments of $551 , with a balloon payment of approximately $30,137 due at maturity on December 31, 2018. During 2014, 1,591,117 shares of Griffon common stock, for a total of $20,000 or $12.57 per share, were purchased with proceeds from the Line Notes. The Term Loan is secured by shares purchased with the proceeds of the loan and with a lien on a specific amount of Griffon assets (which lien ranks pari passu with the lien granted on such assets under the Credit Agreement) and is guaranteed by Griffon. (f) In October 2006, CBP entered into a capital lease totaling $14,290 for real estate in Troy, Ohio. The lease matures in 2022 , bears interest at a fixed rate of 5.0% , is secured by a mortgage on the real estate and is guaranteed by Griffon. (g) In November 2010, Clopay Europe GmbH (“Clopay Europe”) entered into a €10,000 revolving credit facility and a €20,000 term loan. The term loan was paid off in December 2013 and the revolver had no borrowings outstanding at June 30, 2015 . The revolving facility matures in November 2015 and is renewable upon mutual agreement with the bank. The revolving credit facility accrues interest at EURIBOR plus 2.20% per annum (2.20% at June 30, 2015). Clopay Europe is required to maintain a certain minimum equity to assets ratio and keep leverage below a certain level, defined as the ratio of total debt to EBITDA. Clopay do Brazil maintains lines of credit of $4,125 . Interest on borrowings accrues at a rate of Brazilian CDI plus 6.0% ( 19.64% at June 30, 2015 ). At June 30, 2015 there was $2,769 borrowed under the lines. Clopay Plastic Products Company, Inc. guarantees the loan and lines. In November 2012, Garant G.P. (“Garant”) entered into a CAD $15,000 revolving credit facility. The facility accrues interest at LIBOR (USD) or the Bankers Acceptance Rate (CDN) plus 1.3% per annum ( 1.58% LIBOR USD and 2.22% Bankers Acceptance Rate CDN as of June 30, 2015 ). The revolving facility matures in November 2015. Garant is required to maintain a certain minimum equity. At June 30, 2015 , there was $4,347 (CAD $5,355 ) borrowed under the revolving credit facility with $7,829 (CAD $9,645 ) available. (h) In December 2013 and May 2014, Northcote Holdings Pty Ltd entered into two unsecured term loans in the outstanding amounts of AUD $12,500 and AUD $20,000 , respectively. The AUD $12,500 term loan requires quarterly interest payments with principal due upon maturity in December 2016. The AUD $20,000 term loan requires quarterly principal payments of AUD $625 beginning in August 2015, with a balloon payment due upon maturity in May 2017. The loans accrue interest at Bank Bill Swap Bid Rate “BBSY” plus 2.8% per annum ( 4.96% at June 30, 2015 for each loan). As of June 30, 2015 , Northcote had an outstanding combined balance of $24,783 on the term loans, net of deferred costs. Subsidiaries of Northcote Holdings Pty Ltd also maintain two lines of credit of AUD $3,000 and AUD $5,000 which accrue interest at BBSY plus 2.25% per annum ( 4.41% at June 30, 2015 ) and 2.50% per annum ( 4.66% at June 30, 2015 ), respectively. At June 30, 2015 , there were no outstanding borrowings under the lines. Griffon guarantees the term loans and the AUD $3,000 line of credit; the assets of a subsidiary of Northcote Holdings Pty Ltd secures the AUD $5,000 line of credit. (i) Other long-term debt primarily consists of capital leases. At June 30, 2015 , Griffon and its subsidiaries were in compliance with the terms and covenants of all credit and loan agreements.

EARNINGS PER SHARE (EPS)

EARNINGS PER SHARE (EPS)	9 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE (EPS)	EARNINGS PER SHARE (EPS) Basic EPS (and diluted EPS in periods when a loss exists) was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted EPS was calculated by dividing income available to common shareholders by the weighted average number of shares of common stock outstanding plus additional common shares that could be issued in connection with stock based compensation and upon the settlement of the 2017 Convertible notes. In the nine months ended June 30, 2015 and in the prior year periods, the 2017 Notes were anti-dilutive due to the conversion price being greater than the weighted-average stock price during the periods presented. The following table is a reconciliation of the share amounts (in thousands) used in computing earnings per share: Three Months Ended June 30, Nine Months Ended June 30, 2015 2014 2015 2014 Weighted average shares outstanding - basic 44,025 48,370 45,228 50,038 Incremental shares from stock based compensation 2,056 1,466 1,929 — Convertible debt due 2017 899 — 128 — Weighted average shares outstanding - diluted 46,980 49,836 47,285 50,038 Anti-dilutive options excluded from diluted EPS computation 480 643 514 643 Anti-dilutive restricted stock excluded from diluted EPS computation — — — 1,609 Griffon has the intent and ability to settle the principal amount of the 2017 Notes in cash, and as such, the potential issuance of shares related to the principal amount of the 2017 Notes does not affect diluted shares.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY During 2015, the Company paid a quarterly cash dividend of $0.04 per share in each quarter, totaling $0.12 per share for the nine months ended June 30, 2015. During 2014, the Company paid quarterly cash dividends of $0.03 per share, totaling $0.12 per share for the year. Dividends paid on allocated shares in the ESOP were used to pay down the ESOP loan and recorded as a reduction in expense. A dividend payable was established for the holders of restricted shares; such dividends will be released upon vesting of the underlying restricted shares. On July 30, 2015, the Board of Directors declared a quarterly cash dividend of $0.04 per share, payable on September 23, 2015 to shareholders of record as of the close of business on August 20, 2015. Compensation expense for restricted stock is recognized ratably over the required service period based on the fair value of the grant, calculated as the number of shares granted multiplied by the stock price on the date of grant and, for performance shares, the likelihood of achieving the performance criteria. Compensation cost related to stock-based awards with graded vesting, generally over a period of three to four years, is recognized using the straight-line attribution method and recorded within SG&A expenses. In February 2011, shareholders approved the Griffon Corporation 2011 Equity Incentive Plan ("Incentive Plan") under which awards of performance shares, performance units, stock options, stock appreciation rights, restricted shares, deferred shares and other stock-based awards may be granted. On January 30, 2014, shareholders approved an amendment and restatement of the Incentive Plan, which, among other things, added 1,200,000 shares to the Incentive Plan. Options granted under the Incentive Plan may be either “incentive stock options” or nonqualified stock options, generally expire ten years after the date of grant and are granted at an exercise price of not less than 100% of the fair market value at the date of grant. The maximum number of shares of common stock available for award under the Incentive Plan is 4,200,000 ( 600,000 of which may be issued as incentive stock options), plus any shares underlying awards outstanding on the effective date of the Incentive Plan under the 2006 Incentive Plan that are subsequently canceled or forfeited. As of June 30, 2015 , 401,185 shares were available for grant. All grants outstanding under the Griffon Corporation 2001 Stock Option Plan, 2006 Equity Incentive Plan and Outside Director Stock Award Plan will continue under their terms; no additional awards will be granted under such plans. During the first quarter of 2015, Griffon granted 462,032 restricted stock awards with vesting periods of three years , 458,016 of which are also subject to certain performance conditions, with a total fair value of $5,775 , or a weighted average fair value of $12.50 per share. During the second quarter of 2015, Griffon granted 201,399 restricted stock awards with vesting periods of three years , 146,699 of which are also subject to certain performance conditions, with a total fair value of $2,805 , or a weighted average fair value of $13.93 per share. During the third quarter of 2015, Griffon granted 14,060 restricted stock awards with vesting periods of three years and a total fair value of $230 , or weighted average fair value of $16.38 per share. For the quarters ended June 30, 2015 and 2014, stock based compensation expense totaled $2,931 and $3,137 , respectively. For the nine months ended June 30, 2015 and 2014, stock based compensation expense totaled $8,303 and $8,133 , respectively. During the quarter and nine months ended June 30, 2015, 761 shares, with a market value of $12 or $16.32 per share, and 76,786 shares, with a market value of $1,092 or $14.22 per share, respectively, were withheld to settle employee taxes due to the vesting of restricted stock, and were added to treasury. In May 2014, Griffon’s Board of Directors authorized the repurchase of up to $50,000 of Griffon’s outstanding common stock; on March 20, 2015, an additional $50,000 was authorized. Under both programs, the Company may purchase shares in the open market, including pursuant to a 10b5-1 plan, or in privately negotiated transactions. During the quarter ended June 30, 2015, Griffon purchased 1,234,214 shares of common stock under both the May 2014 and March 2015 programs, for a total of $20,628 or $16.71 per share. During the nine months ended June 30, 2015, Griffon purchased 3,840,455 shares of common stock under both the May 2014 and March 2015 programs, for a total of $57,126 or $14.87 per share. As of June 30, 2015, $31,734 remains under the March 2015 Board authorization. On July 30, 2015, Griffon's Board of Directors authorized the repurchase of an additional $50,000 of Griffon's outstanding common stock. During the fourth quarter, through and including July 29, 2015, the Company purchased 630,185 shares for a total of $10,109 . Accordingly, Griffon now has $21,625 available under the March 2015 authorization and a total of $71,625 available for the purchase of its shares of common stock inclusive of the July 30, 2015 authorization. From August 2011 to June 30, 2015, Griffon repurchased 10,835,317 shares of common stock, for a total of $129,323 or $11.94 per share, under Board authorized repurchase programs. In addition to repurchases under Board authorized programs, on December 10, 2013, Griffon repurchased 4,444,444 shares of its common stock for $50,000 from GS Direct, L.L.C. (“GS Direct”), an affiliate of The Goldman Sachs Group, Inc. The repurchase was effected in a private transaction at a per share price of $11.25 , an approximate 9.2% discount to the stock’s closing price on November 12, 2013, the day before announcement of the transaction. After closing the transaction, GS Direct continued to hold approximately 5.56 million shares (approximately 10% of the shares outstanding at such time) of Griffon’s common stock. Subject to certain exceptions, if GS Direct intends to sell its remaining shares of Griffon common stock at any time prior to December 31, 2015, it will first negotiate in good faith to sell such shares to the Company.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS Griffon’s reportable segments are as follows: • HBP is a leading manufacturer and marketer of residential, commercial and industrial garage doors to professional dealers and major home center retail chains, as well as a global provider of non-powered landscaping products for homeowners and professionals. • Telephonics develops, designs and manufactures high-technology integrated information, communication and sensor system solutions for military and commercial markets worldwide. • Plastics is an international leader in the development and production of embossed, laminated and printed specialty plastic films used in a variety of hygienic, health-care and industrial applications. Information on Griffon’s reportable segments is as follows: For the Three Months Ended June 30, For the Nine Months Ended June 30, REVENUE 2015 2014 2015 2014 Home & Building Products: AMES $ 140,614 $ 132,179 $ 432,816 $ 389,492 CBP 131,577 121,814 374,690 334,494 Home & Building Products 272,191 253,993 807,506 723,986 Telephonics 115,340 102,446 304,685 302,656 Plastics 124,163 148,600 401,683 439,542 Total consolidated net sales $ 511,694 $ 505,039 $ 1,513,874 $ 1,466,184 The following table reconciles segment operating profit to income before taxes: For the Three Months Ended June 30, For the Nine Months Ended June 30, INCOME (LOSS) BEFORE TAXES 2015 2014 2015 2014 Segment operating profit: Home & Building Products $ 16,268 $ 9,747 $ 41,288 $ 27,958 Telephonics 13,284 13,134 29,915 34,463 Plastics 8,299 8,075 26,186 23,252 Total segment operating profit 37,851 30,956 97,389 85,673 Net interest expense (12,150 ) (11,541 ) (35,644 ) (37,003 ) Unallocated amounts (9,008 ) (6,521 ) (24,852 ) (22,895 ) Loss from debt extinguishment, net — — — (38,890 ) Income before taxes $ 16,693 $ 12,894 $ 36,893 $ (13,115 ) Griffon evaluates performance and allocates resources based on each segment's operating results before interest income and expense, income taxes, depreciation and amortization, unallocated amounts (mainly corporate overhead), restructuring charges, acquisition-related expenses and gains (losses) from debt extinguishment, as applicable (“Segment adjusted EBITDA”). Griffon believes this information is useful to investors for the same reason. The following table provides a reconciliation of Segment adjusted EBITDA to Income (loss) before taxes: For the Three Months Ended June 30, For the Nine Months Ended June 30, 2015 2014 2015 2014 Segment adjusted EBITDA: Home & Building Products $ 25,386 $ 19,596 $ 67,186 $ 55,787 Telephonics 15,712 15,087 37,360 40,018 Plastics 14,084 14,922 44,399 43,881 Total Segment adjusted EBITDA 55,182 49,605 148,945 139,686 Net interest expense (12,150 ) (11,541 ) (35,644 ) (37,003 ) Segment depreciation and amortization (17,331 ) (16,691 ) (51,556 ) (49,723 ) Unallocated amounts (9,008 ) (6,521 ) (24,852 ) (22,895 ) Loss from debt extinguishment, net — — — (38,890 ) Restructuring charges — (358 ) — (1,892 ) Acquisition costs — (1,600 ) — (2,398 ) Income (loss) before taxes $ 16,693 $ 12,894 $ 36,893 $ (13,115 ) Unallocated amounts typically include general corporate expenses not attributable to a reportable segment. For the Three Months Ended June 30, For the Nine Months Ended June 30, DEPRECIATION and AMORTIZATION 2015 2014 2015 2014 Segment: Home & Building Products $ 9,118 $ 7,891 $ 25,898 $ 23,539 Telephonics 2,428 1,953 7,445 5,555 Plastics 5,785 6,847 18,213 20,629 Total segment depreciation and amortization 17,331 16,691 51,556 49,723 Corporate 117 104 345 304 Total consolidated depreciation and amortization $ 17,448 $ 16,795 $ 51,901 $ 50,027 CAPITAL EXPENDITURES Segment: Home & Building Products $ 8,644 $ 8,194 $ 30,019 $ 23,384 Telephonics 1,644 6,082 3,952 14,969 Plastics 4,820 5,063 19,985 15,213 Total segment 15,108 19,339 53,956 53,566 Corporate 544 675 1,409 1,293 Total consolidated capital expenditures $ 15,652 $ 20,014 $ 55,365 $ 54,859 ASSETS At June 30, 2015 At September 30, 2014 Segment assets: Home & Building Products $ 1,062,188 $ 1,033,453 Telephonics 296,937 319,327 Plastics 348,743 389,464 Total segment assets 1,707,868 1,742,244 Corporate 10,128 64,015 Total continuing assets 1,717,996 1,806,259 Assets of discontinued operations 3,756 3,750 Consolidated total $ 1,721,752 $ 1,810,009

DEFINED BENEFIT PENSION EXPENSE

DEFINED BENEFIT PENSION EXPENSE	9 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
DEFINED BENEFIT PENSION EXPENSE	DEFINED BENEFIT PENSION EXPENSE Defined benefit pension expense (income) was as follows: Three Months Ended June 30, Nine Months Ended June 30, 2015 2014 2015 2014 Service cost $ — $ — $ — $ 90 Interest cost 2,207 2,416 6,621 7,415 Expected return on plan assets (2,932 ) (2,820 ) (8,796 ) (8,590 ) Amortization: Prior service cost 4 4 12 11 Recognized actuarial loss 541 485 1,623 1,463 Net periodic expense (income) $ (180 ) $ 85 $ (540 ) $ 389

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jun. 30, 2015
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In July 2013, the FASB issued new accounting guidance requiring an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss or tax credit carryforward, except for instances when the carryforward is not available to settle any additional income taxes and an entity does not intend to use the deferred tax benefit for these purposes. In these circumstances, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This standard was effective for fiscal years beginning after December 15, 2013, and accordingly, the Company adopted this guidance effective October 1, 2014. Adoption of this standard did not have a significant impact on the Company's consolidated financial statements. In April 2014, the FASB issued guidance changing the requirements for reporting discontinued operations where a disposal of a component of an entity or group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when either classified as held for sale, or disposed of by sale or otherwise disposed. The amendment also requires enhanced disclosures about the discontinued operation and disclosure information for other significant dispositions. This guidance is effective for the Company beginning in 2015. The Company's adoption of this standard did not have an impact on its consolidated financial statements. In May 2014, the FASB issued guidance on revenue from contracts with customers. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved, in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. This guidance permits the use of either the retrospective or cumulative effect transition method and is effective for the Company beginning in 2019; early adoption is permitted beginning in 2018. We have not yet selected a transition method and are currently evaluating the impact of the guidance on the Company's financial condition, results of operations and related disclosures. In August 2014, the FASB issued guidance on management's responsibility in evaluating whether there is substantial doubt about a company's ability to continue as a going concern and related footnote disclosures. Management will be required to evaluate, at each reporting period, whether there are conditions or events that raise substantial doubt about a company's ability to continue as a going concern within one year from the date the financial statements are issued. This guidance is effective prospectively for annual and interim reporting periods beginning in 2017; implementation of this guidance is not expected to have a material effect on the Company’s financial condition or results of operations. In April 2015, the FASB issued guidance on simplifying the presentation of debt issuance costs. This guidance requires debt issuance costs on the balance sheet to be presented as a direct deduction from the carrying amount of a related debt liability, similar to debt discounts. The Company early adopted this guidance in March 2015 and applied it retrospectively for all periods presented in the financial statements. Adoption of this standard did not have a significant impact on the Company's consolidated financial statements. The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements, and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The following amounts related to the Installation Services segment, discontinued in 2008, and other businesses discontinued several years ago, which have been segregated from Griffon’s continuing operations, and are reported as assets and liabilities of discontinued operations in the condensed consolidated balance sheets: At June 30, 2015 At September 30, 2014 Assets of discontinued operations: Prepaid and other current assets $ 1,625 $ 1,624 Other long-term assets 2,131 2,126 Total assets of discontinued operations $ 3,756 $ 3,750 Liabilities of discontinued operations: Accrued liabilities, current $ 2,392 $ 3,282 Other long-term liabilities 3,244 3,830 Total liabilities of discontinued operations $ 5,636 $ 7,112 There was no Installation Services revenue or income for the nine months ended June 30, 2015 or 2014.

RESTRUCTURING AND OTHER RELATED

RESTRUCTURING AND OTHER RELATED CHARGES	9 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND OTHER RELATED CHARGES	RESTRUCTURING AND OTHER RELATED CHARGES In September 2014, Telephonics recognized $4,244 in restructuring costs in connection with the closure of its Swedish facility and restructuring of operations, a voluntary early retirement plan and a reduction in force aimed at improving efficiency by combining functions and responsibilities, resulting in the elimination of 80 positions. In January 2013, AMES undertook to close certain of its U.S. manufacturing facilities and consolidate affected operations primarily into its Camp Hill and Carlisle, PA locations. These actions, completed at the end of the 2015 first quarter, improved manufacturing and distribution efficiencies, allow for in-sourcing of certain production previously performed by third party suppliers, and improved material flow and absorption of fixed costs. AMES incurred pre-tax restructuring and related exit costs approximating $7,941 , comprised of cash charges of $4,016 and non-cash, asset-related charges of $3,925 ; the cash charges included $2,622 for one-time termination benefits and other personnel-related costs and $1,394 for facility exit costs and had $19,964 of capital expenditures. HBP recognized $358 and $1,892 in restructuring and other related exit costs in the quarter and nine months ended June 30, 2014, respectively; such charges primarily related to one-time termination benefits, facility and other personnel costs, and asset impairment charges related to the AMES plant consolidation initiatives. There were no restructuring charges in the current year. A summary of the restructuring and other related charges included in the line item “Restructuring and other related charges” in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) were recognized as follows: Workforce Facilities & Other Total Amounts incurred in: Quarter ended December 31, 2013 $ 638 $ 95 $ 109 $ 842 Quarter ended March 31, 2014 495 137 60 692 Quarter ended June 30, 2014 $ 289 $ 47 $ 22 $ 358 Nine Months Ended June 30, 2014 $ 1,422 $ 279 $ 191 $ 1,892 The activity in the restructuring accrual recorded in accrued liabilities consisted of the following: Workforce Accrued liability at September 30, 2014 $ 5,228 Payments (4,396 ) Accrued liability at June 30, 2015 $ 832

OTHER EXPENSE

OTHER EXPENSE	9 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
OTHER EXPENSE	OTHER EXPENSE For the quarters ended June 30, 2015 and 2014 , Other income (expense) included $722 and $365 , respectively, of net currency exchange gains (losses) in connection with the translation of receivables and payables denominated in currencies other than the functional currencies of Griffon and its subsidiaries as well as $(36) and $1,437 , respectively, of net investment income. For the nine months ended June 30, 2015 and 2014 , Other income (expense) included $(803) and $1,044 , respectively, of net currency exchange gains (losses) in connection with the translation of receivables and payables denominated in currencies other than the functional currencies of Griffon and its subsidiaries as well as $527 and $1,563 , respectively, of net investment income.

WARRANTY LIABILITY

WARRANTY LIABILITY	9 Months Ended
	Jun. 30, 2015
Product Warranties Disclosures [Abstract]
WARRANTY LIABILITY	WARRANTY LIABILITY Telephonics offers warranties against product defects for periods generally ranging from one to two years, depending on the specific product and terms of the customer purchase agreement. Typical warranties require Telephonics to repair or replace the defective products during the warranty period at no cost to the customer. At the time revenue is recognized, Griffon records a liability for warranty costs, estimated based on historical experience, and periodically assesses its warranty obligations and adjusts the liability as necessary. AMES offers an express limited warranty for a period of ninety days on all products from the date of original purchase unless otherwise stated on the product or packaging. Changes in Griffon’s warranty liability, included in Accrued liabilities, were as follows: Three Months Ended June 30, Nine Months Ended June 30, 2015 2014 2015 2014 Balance, beginning of period $ 5,674 $ 7,111 $ 4,934 $ 6,649 Warranties issued and changes in estimated pre-existing warranties 1,057 576 3,848 2,677 Actual warranty costs incurred (1,803 ) (1,199 ) (3,854 ) (2,838 ) Balance, end of period $ 4,928 $ 6,488 $ 4,928 $ 6,488

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal and environmental Department of Environmental Conservation of New York State (“DEC”), with ISC Properties, Inc. Lightron Corporation (“Lightron”), a wholly-owned subsidiary of Griffon, once conducted operations at a location in Peekskill in the Town of Cortlandt, New York (the “Peekskill Site”) owned by ISC Properties, Inc. (“ISC”), a wholly-owned subsidiary of Griffon. ISC sold the Peekskill Site in November 1982. Subsequently, Griffon was advised by the DEC that random sampling at the Peekskill Site and in a creek near the Peekskill Site indicated concentrations of solvents and other chemicals common to Lightron’s prior plating operations. ISC then entered into a consent order with the DEC in 1996 (the “Consent Order”) to perform a remedial investigation and prepare a feasibility study. After completing the initial remedial investigation pursuant to the Consent Order, ISC was required by the DEC, and did accordingly conduct over the next several years, supplemental remedial investigations, including soil vapor investigations, under the Consent Order. In April 2009, the DEC advised ISC’s representatives that both the DEC and the New York State Department of Health had reviewed and accepted an August 2007 Remedial Investigation Report and an Additional Data Collection Summary Report dated January 30, 2009. With the acceptance of these reports, ISC completed the remedial investigation required under the Consent Order and was authorized, accordingly, by the DEC to conduct the Feasibility Study required by the Consent Order. Pursuant to the requirements of the Consent Order and its obligations thereunder, ISC, without acknowledging any responsibility to perform any remediation at the Site, submitted to the DEC in August 2009, a draft feasibility study which recommended for the soil, groundwater and sediment medias, remediation alternatives having a current net capital cost value, in the aggregate, of approximately $5,000 . In February 2011, DEC advised ISC it has accepted and approved the feasibility study. Accordingly, ISC has no further obligations under the consent order. Upon acceptance of the feasibility study, DEC issued a Proposed Remedial Action Plan (“PRAP”) that sets forth the proposed remedy for the site. The PRAP accepted the recommendation contained in the feasibility study for remediation of the soil and groundwater medias, but selected a different remediation alternative for the sediment medium. The approximate cost and the current net capital cost value of the remedy proposed by DEC in the PRAP is approximately $10,000 . After receiving public comments on the PRAP, the DEC issued a Record of Decision (“ROD”) that set forth the specific remedies selected and responded to public comments. The remedies selected by the DEC in the ROD are the same remedies as those set forth in the PRAP. It is now expected that DEC will enter into negotiations with potentially responsible parties to request they undertake performance of the remedies selected in the ROD, and if such parties do not agree to implement such remedies, then the State may use State Superfund money to remediate the Peekskill site and seek recovery of costs from such parties. Griffon does not acknowledge any responsibility to perform any remediation at the Peekskill Site. Improper Advertisement Claim involving Union Tools ® Products. Since December 2004, a customer of AMES has been named in various litigation matters relating to certain Union Tools products. The plaintiffs in those litigation matters have asserted causes of action against the customer of AMES for improper advertisement to end consumers. The allegations suggest that advertisements led the consumers to believe that Union Tools’ hand tools were wholly manufactured within boundaries of the United States. The complaints assert various causes of action against the customer of AMES under federal and state law, including common law fraud. At some point, likely once the litigation against the customer of AMES ends, the customer may seek indemnity (including recovery of its legal fees and costs) against AMES for an unspecified amount. Presently, AMES cannot estimate the amount of loss, if any, if the customer were to seek legal recourse against AMES. Union Fork and Hoe, Frankfort, NY site. The former Union Fork and Hoe property in Frankfort NY was acquired by Ames in 2006 as part of a larger acquisition, and has historic site contamination involving chlorinated solvents, petroleum hydrocarbons and metals. AMES has entered into an Order on Consent with the New York State Department of Environmental Conservation. While the Order is without admission or finding of liability or acknowledgment that there has been a release of hazardous substances at the site, AMES is required to perform a remedial investigation of certain portions of the property and to recommend a remediation option. At the conclusion of the remediation phase to the satisfaction of the DEC, the DEC will issue a Certificate of Completion. AMES has performed significant investigative and remedial activities in the last few years under work plans approved by the DEC, and the DEC recently approved the final remedial investigation report. AMES is now required to submit a Feasibility Study investigating four remedial options, and expects to do so by August 31, 2015. The DEC is expected to issue a Record of Decision approving the selection of a remedial alternative by March 31, 2016. Implementation of the selected remedial alternative is expected to occur in 2016 to 2017. AMES has a number of defenses to liability in this matter, including its rights under a Consent Judgment entered into between the DEC and a predecessor of AMES relating to the site. U.S. Government investigations and claims Defense contracts and subcontracts, including Griffon’s contracts and subcontracts, are subject to audit and review by various agencies and instrumentalities of the United States government, including among others, the Defense Contract Audit Agency (“DCAA”), the Defense Criminal Investigative Service (“DCIS”), and the Department of Justice ("DOJ") which has responsibility for asserting claims on behalf of the U.S. government. In addition to ongoing audits, pursuant to an administrative subpoena Griffon is currently providing information to the U.S. Department of Defense Office of the Inspector General and the DOJ. No claim has been asserted against Griffon in connection with this matter, and Griffon is unaware of any material financial exposure in connection with the inquiry. In general, departments and agencies of the U.S. Government have the authority to investigate various transactions and operations of Griffon, and the results of such investigations may lead to administrative, civil or criminal proceedings, the ultimate outcome of which could be fines, penalties, repayments or compensatory or treble damages. U.S. Government regulations provide that certain findings against a contractor may lead to suspension or debarment from future U.S. Government contracts or the loss of export privileges for a company or an operating division or subdivision. Suspension or debarment could have a material adverse effect on Telephonics because of its reliance on government contracts. General legal Griffon is subject to various laws and regulations relating to the protection of the environment and is a party to legal proceedings arising in the ordinary course of business. Management believes, based on facts presently known to it, that the resolution of the matters above and such other matters will not have a material adverse effect on Griffon’s consolidated financial position, results of operations or cash flows.

CONSOLIDATING GUARANTOR AND NON

CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION	9 Months Ended
	Jun. 30, 2015
Consolidating Guarantor And Non Guarantor Financial Information [Abstract]
CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION	CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION Griffon’s Senior Notes are fully and unconditionally guaranteed, jointly and severally, on a senior secured basis by the domestic assets of Clopay Building Products Company, Inc., Clopay Plastic Products Company, Inc., Telephonics Corporation, The AMES Companies, Inc., ATT Southern, Inc. and Clopay Ames True Temper Holding Corp., all of which are indirectly 100% owned by Griffon. In accordance with Rule 3-10 of Regulation S-X promulgated under the Securities Act of 1933, presented below are condensed consolidating financial information as of June 30, 2015 and September 30, 2014 and for the three and nine months ended June 30, 2015 and 2014 . The financial information may not necessarily be indicative of the results of operations or financial position of the guarantor companies or non-guarantor companies had they operated as independent entities. The guarantor companies and the non-guarantor companies include the consolidated financial results of their wholly-owned subsidiaries accounted for under the equity method. The indenture relating to the Senior Notes (the “Indenture”) contains terms providing that, under certain limited circumstances, a guarantor will be released from its obligations to guarantee the Senior Notes. These circumstances include (i) a sale of at least a majority of the stock, or all or substantially all the assets, of the subsidiary guarantor as permitted by the Indenture; (ii) a public equity offering of a subsidiary guarantor that qualifies as a “Minority Business” as defined in the Indenture (generally, a business the EBITDA of which constitutes less than 50% of the segment adjusted EBITDA of the Company for the most recently ended four fiscal quarters), and that meets certain other specified conditions as set forth in the Indenture; (iii) the designation of a guarantor as an “unrestricted subsidiary” as defined in the Indenture, in compliance with the terms of the Indenture; (iv) Griffon exercising its right to defease the Senior Notes, or to otherwise discharge its obligations under the Indenture, in each case in accordance with the terms of the Indenture; and (v) upon obtaining the requisite consent of the holders of the Senior Notes. CONDENSED CONSOLIDATING BALANCE SHEETS At June 30, 2015 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CURRENT ASSETS Cash and equivalents $ 4,736 $ 12,893 $ 28,326 $ — $ 45,955 Accounts receivable, net of allowances — 214,674 62,298 (36,783 ) 240,189 Contract costs and recognized income not yet billed, net of progress payments — 103,860 151 — 104,011 Inventories, net — 255,192 63,001 — 318,193 Prepaid and other current assets 11,960 24,806 12,616 (2,635 ) 46,747 Assets of discontinued operations — — 1,625 — 1,625 Total Current Assets 16,696 611,425 168,017 (39,418 ) 756,720 PROPERTY, PLANT AND EQUIPMENT, net 1,142 274,343 90,879 — 366,364 GOODWILL — 284,875 77,870 — 362,745 INTANGIBLE ASSETS, net 93 153,432 66,128 — 219,653 INTERCOMPANY RECEIVABLE 587,567 981,607 226,066 (1,795,240 ) — EQUITY INVESTMENTS IN SUBSIDIARIES 757,858 644,539 1,757,687 (3,160,084 ) — OTHER ASSETS 41,319 50,321 9,948 (87,449 ) 14,139 ASSETS OF DISCONTINUED OPERATIONS — — 2,131 — 2,131 Total Assets $ 1,404,675 $ 3,000,542 $ 2,398,726 $ (5,082,191 ) $ 1,721,752 CURRENT LIABILITIES Notes payable and current portion of long-term debt $ 2,203 $ 1,176 $ 8,392 $ — $ 11,771 Accounts payable and accrued liabilities 33,668 196,298 68,430 (23,798 ) 274,598 Liabilities of discontinued operations — 2,392 — 2,392 Total Current Liabilities 35,871 197,474 79,214 (23,798 ) 288,761 LONG-TERM DEBT, net 781,774 6,745 40,180 — 828,699 INTERCOMPANY PAYABLES 60,428 944,302 742,973 (1,747,703 ) — OTHER LIABILITIES 59,213 155,397 26,185 (101,995 ) 138,800 LIABILITIES OF DISCONTINUED OPERATIONS — — 3,244 — 3,244 Total Liabilities 937,286 1,303,918 891,796 (1,873,496 ) 1,259,504 SHAREHOLDERS’ EQUITY 467,389 1,696,624 1,506,930 (3,208,695 ) 462,248 Total Liabilities and Shareholders’ Equity $ 1,404,675 $ 3,000,542 $ 2,398,726 $ (5,082,191 ) $ 1,721,752 CONDENSED CONSOLIDATING BALANCE SHEETS At September 30, 2014 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CURRENT ASSETS Cash and equivalents $ 6,813 $ 31,522 $ 54,070 $ — $ 92,405 Accounts receivable, net of allowances — 213,922 77,218 (32,704 ) 258,436 Contract costs and recognized income not yet billed, net of progress payments — 109,804 126 — 109,930 Inventories, net — 219,326 70,537 272 290,135 Prepaid and other current assets 4,366 26,319 17,101 14,783 62,569 Assets of discontinued operations — — 1,624 — 1,624 Total Current Assets 11,179 600,893 220,676 (17,649 ) 815,099 PROPERTY, PLANT AND EQUIPMENT, net 1,327 270,519 98,643 76 370,565 GOODWILL — 284,875 90,419 — 375,294 INTANGIBLE ASSETS, net — 156,772 76,851 — 233,623 INTERCOMPANY RECEIVABLE 540,080 892,433 213,733 (1,646,246 ) — EQUITY INVESTMENTS IN SUBSIDIARIES 780,600 662,403 1,782,406 (3,225,409 ) — OTHER ASSETS 27,880 53,896 6,739 (75,213 ) 13,302 ASSETS OF DISCONTINUED OPERATIONS — — 2,126 — 2,126 Total Assets $ 1,361,066 $ 2,921,791 $ 2,491,593 $ (4,964,441 ) $ 1,810,009 CURRENT LIABILITIES Notes payable and current portion of long-term debt $ 2,202 $ 1,144 $ 4,540 $ — $ 7,886 Accounts payable and accrued liabilities 25,703 227,419 91,132 (20,811 ) 323,443 Liabilities of discontinued operations — — 3,282 — 3,282 Total Current Liabilities 27,905 228,563 98,954 (20,811 ) 334,611 LONG-TERM DEBT, net 738,360 7,806 45,135 — 791,301 INTERCOMPANY PAYABLES 21,573 815,094 762,192 (1,598,859 ) — OTHER LIABILITIES 41,201 151,674 26,949 (71,584 ) 148,240 LIABILITIES OF DISCONTINUED OPERATIONS — — 3,830 — 3,830 Total Liabilities 829,039 1,203,137 937,060 (1,691,254 ) 1,277,982 SHAREHOLDERS’ EQUITY 532,027 1,718,654 1,554,533 (3,273,187 ) 532,027 Total Liabilities and Shareholders’ Equity $ 1,361,066 $ 2,921,791 $ 2,491,593 $ (4,964,441 ) $ 1,810,009 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 30, 2015 ($ in thousands) Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation Revenue $ — $ 416,433 $ 110,204 $ (14,943 ) $ 511,694 Cost of goods and services — 310,578 85,841 (8,214 ) 388,205 Gross profit — 105,855 24,363 (6,729 ) 123,489 Selling, general and administrative expenses 5,978 73,190 24,286 (7,879 ) 95,575 Total operating expenses 5,978 73,190 24,286 (7,879 ) 95,575 Income (loss) from operations (5,978 ) 32,665 77 1,150 27,914 Other income (expense) Interest income (expense), net (2,402 ) (7,770 ) (1,978 ) — (12,150 ) Other, net (26 ) 2,075 30 (1,150 ) 929 Total other income (expense) (2,428 ) (5,695 ) (1,948 ) (1,150 ) (11,221 ) Income (loss) before taxes (8,406 ) 26,970 (1,871 ) — 16,693 Provision (benefit) for income taxes (3,194 ) 9,726 (732 ) — 5,800 Income (loss) before equity in net income of subsidiaries (5,212 ) 17,244 (1,139 ) — 10,893 Equity in net income (loss) of subsidiaries 16,105 (1,206 ) 17,244 (32,143 ) — Net income (loss) $ 10,893 $ 16,038 $ 16,105 $ (32,143 ) $ 10,893 Net Income (loss) $ 10,893 $ 16,038 $ 16,105 $ (32,143 ) $ 10,893 Other comprehensive income (loss), net of taxes 5,363 2,077 3,258 (5,335 ) 5,363 Comprehensive income (loss) $ 16,256 $ 18,115 $ 19,363 $ (37,478 ) $ 16,256 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 30, 2014 ($ in thousands) Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation Revenue $ — $ 392,361 $ 126,343 $ (13,665 ) $ 505,039 Cost of goods and services — 295,148 103,938 (12,354 ) 386,732 Gross profit — 97,213 22,405 (1,311 ) 118,307 Selling, general and administrative expenses 7,034 71,110 19,617 (1,626 ) 96,135 Restructuring and other related charges — 349 9 — 358 Total operating expenses 7,034 71,459 19,626 (1,626 ) 96,493 Income (loss) from operations (7,034 ) 25,754 2,779 315 21,814 Other income (expense) Interest income (expense), net (1,750 ) (7,367 ) (2,424 ) — (11,541 ) Loss from debt extinguishment, net — — — — — Other, net 1,436 2,497 (997 ) (315 ) 2,621 Total other income (expense) (314 ) (4,870 ) (3,421 ) (315 ) (8,920 ) Income (loss) before taxes (7,348 ) 20,884 (642 ) — 12,894 Provision (benefit) for income taxes (9,322 ) 7,322 430 — (1,570 ) Income (loss) before equity in net income of subsidiaries 1,974 13,562 (1,072 ) — 14,464 Equity in net income (loss) of subsidiaries 12,490 (1,161 ) 13,562 (24,891 ) — Net income (loss) $ 14,464 $ 12,401 $ 12,490 $ (24,891 ) $ 14,464 Net Income (loss) $ 14,464 $ 12,401 $ 12,490 $ (24,891 ) $ 14,464 Other comprehensive income (loss), net of taxes 3,126 (592 ) 3,547 (2,955 ) 3,126 Comprehensive income (loss) $ 17,590 $ 11,809 $ 16,037 $ (27,846 ) $ 17,590 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Nine Months Ended June 30, 2015 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation Revenue $ — $ 1,194,589 $ 362,291 $ (43,006 ) $ 1,513,874 Cost of goods and services — 906,573 285,435 (33,987 ) 1,158,021 Gross profit — 288,016 76,856 (9,019 ) 355,853 Selling, general and administrative expenses 16,799 214,717 61,734 (10,213 ) 283,037 Total operating expenses 16,799 214,717 61,734 (10,213 ) 283,037 Income (loss) from operations (16,799 ) 73,299 15,122 1,194 72,816 Other income (expense) Interest income (expense), net (6,530 ) (22,895 ) (6,219 ) — (35,644 ) Other, net 541 4,985 (4,611 ) (1,194 ) (279 ) Total other income (expense) (5,989 ) (17,910 ) (10,830 ) (1,194 ) (35,923 ) Income (loss) before taxes (22,788 ) 55,389 4,292 — 36,893 Provision (benefit) for income taxes (8,659 ) 20,525 1,541 — 13,407 Income (loss) before equity in net income of subsidiaries (14,129 ) 34,864 2,751 — 23,486 Equity in net income (loss) of subsidiaries 37,615 4,095 34,864 (76,574 ) — Net income (loss) $ 23,486 $ 38,959 $ 37,615 $ (76,574 ) $ 23,486 Net Income (loss) $ 23,486 $ 38,959 $ 37,615 $ (76,574 ) $ 23,486 Other comprehensive income (loss), net of taxes (40,839 ) (14,578 ) (25,962 ) 40,540 (40,839 ) Comprehensive income (loss) $ (17,353 ) $ 24,381 $ 11,653 $ (36,034 ) $ (17,353 ) CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Nine Months Ended June 30, 2014 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation Revenue $ — $ 1,133,510 $ 375,877 $ (43,203 ) $ 1,466,184 Cost of goods and services — 860,322 310,887 (38,822 ) 1,132,387 Gross profit — 273,188 64,990 (4,381 ) 333,797 Selling, general and administrative expenses 20,525 207,725 50,025 (4,838 ) 273,437 Restructuring and other related charges — 1,841 51 — 1,892 Total operating expenses 20,525 209,566 50,076 (4,838 ) 275,329 Income (loss) from operations (20,525 ) 63,622 14,914 457 58,468 Other income (expense) Interest income (expense), net (8,240 ) (21,946 ) (6,817 ) — (37,003 ) Loss from debt extinguishment, net (38,890 ) — — — (38,890 ) Other, net 1,563 5,569 (2,365 ) (457 ) 4,310 Total other income (expense) (45,567 ) (16,377 ) (9,182 ) (457 ) (71,583 ) Income (loss) before taxes (66,092 ) 47,245 5,732 — (13,115 ) Provision (benefit) for income taxes (24,901 ) 19,014 897 — (4,990 ) Income (loss) before equity in net income of subsidiaries (41,191 ) 28,231 4,835 — (8,125 ) Equity in net income (loss) of subsidiaries 33,066 4,587 28,231 (65,884 ) — Net income (loss) $ (8,125 ) $ 32,818 $ 33,066 $ (65,884 ) $ (8,125 ) Net Income (loss) $ (8,125 ) $ 32,818 $ 33,066 $ (65,884 ) $ (8,125 ) Other comprehensive income (loss), net of taxes 2,628 1,277 840 (2,117 ) 2,628 Comprehensive income (loss) $ (5,497 ) $ 34,095 $ 33,906 $ (68,001 ) $ (5,497 ) CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended June 30, 2015 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 23,486 $ 38,959 $ 37,615 $ (76,574 ) $ 23,486 Net cash provided by (used in) operating activities: 4,582 16,063 8,941 — 29,586 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant and equipment (203 ) (40,918 ) (14,244 ) — (55,365 ) Acquired businesses, net of cash acquired — (2,225 ) — — (2,225 ) Intercompany distributions 10,000 (10,000 ) — — — Proceeds from sale of investments 8,891 — — 8,891 Proceeds from sale of assets — 90 185 — 275 Net cash provided by (used in) investing activities 18,688 (53,053 ) (14,059 ) — (48,424 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock 371 — — — 371 Purchase of shares for treasury (58,218 ) — — — (58,218 ) Proceeds from long-term debt 112,000 116 9,407 — 121,523 Payments of long-term debt (73,652 ) (1,009 ) (5,834 ) — (80,495 ) Change in short-term borrowings — — (81 ) — (81 ) Financing costs (592 ) — — — (592 ) Tax benefit from exercise/vesting of equity awards, net 345 — — — 345 Dividends paid (5,807 ) — — — (5,807 ) Other, net 206 19,254 (19,254 ) — 206 Net cash provided by (used in) financing activities (25,347 ) 18,361 (15,762 ) — (22,748 ) CASH FLOWS FROM DISCONTINUED OPERATIONS: Net cash used in discontinued operations — — (830 ) — (830 ) Effect of exchange rate changes on cash and equivalents — — (4,034 ) — (4,034 ) NET DECREASE IN CASH AND EQUIVALENTS (2,077 ) (18,629 ) (25,744 ) — (46,450 ) CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 6,813 31,522 54,070 — 92,405 CASH AND EQUIVALENTS AT END OF PERIOD $ 4,736 $ 12,893 $ 28,326 $ — $ 45,955 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended June 30, 2014 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (8,125 ) $ 32,818 $ 33,066 $ (65,884 ) $ (8,125 ) Net cash provided by (used in) operating activities: (10,966 ) (8,300 ) 69,122 — 49,856 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant and equipment (672 ) (45,749 ) (8,438 ) — (54,859 ) Acquired businesses, net of cash acquired — (1,000 ) (61,306 ) — (62,306 ) Intercompany distributions 10,000 (10,000 ) — — — Investment purchases (8,402 ) — — — (8,402 ) Proceeds from sale of assets — 298 193 — 491 Net cash provided by (used in) investing activities 926 (56,451 ) (69,551 ) — (125,076 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock 584 — — — 584 Purchase of shares for treasury (72,518 ) — — — (72,518 ) Proceeds from long-term debt 649,568 (253 ) 33,598 — 682,913 Payments of long-term debt (597,613 ) (708 ) (3,813 ) — (602,134 ) Change in short-term borrowings — — 3,138 — 3,138 Financing costs (10,393 ) — (535 ) — (10,928 ) Purchase of ESOP shares (10,000 ) — — — (10,000 ) Tax benefit from exercise/vesting of equity awards, net 273 — — — 273 Dividends paid (9,841 ) 5,000 — — (4,841 ) Other, net 194 54,869 (54,869 ) — 194 Net cash provided by (used in) financing activities (49,746 ) 58,908 (22,481 ) — (13,319 ) CASH FLOWS FROM DISCONTINUED OPERATIONS: Net cash used in discontinued operations — — (1,018 ) — (1,018 ) Effect of exchange rate changes on cash and equivalents — — (1,136 ) — (1,136 ) NET DECREASE IN CASH AND EQUIVALENTS (59,786 ) (5,843 ) (25,064 ) — (90,693 ) CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 68,994 25,343 83,793 — 178,130 CASH AND EQUIVALENTS AT END OF PERIOD $ 9,208 $ 19,500 $ 58,729 $ — $ 87,437

DESCRIPTION OF BUSINESS AND B26

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, these financial statements do not include all the information and footnotes required by U.S. GAAP for complete financial statements. As such, they should be read with reference to Griffon’s Annual Report on Form 10-K for the year ended September 30, 2014 , which provides a more complete explanation of Griffon’s accounting policies, financial position, operating results, business properties and other matters. In the opinion of management, these financial statements reflect all adjustments considered necessary for a fair statement of interim results. Griffon’s HBP operations are seasonal; for this and other reasons, the financial results of the Company for any interim period are not necessarily indicative of the results for the full year. The condensed consolidated balance sheet information at September 30, 2014 was derived from the audited financial statements included in Griffon’s Annual Report on Form 10-K for the year ended September 30, 2014 . The consolidated financial statements include the accounts of Griffon and all subsidiaries. Intercompany accounts and transactions have been eliminated on consolidation. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. These estimates may be adjusted due to changes in economic, industry or customer financial conditions, as well as changes in technology or demand. Significant estimates include allowances for doubtful accounts receivable and returns, net realizable value of inventories, restructuring reserves, valuation of goodwill and intangible assets, percentage of completion method of accounting, pension assumptions, useful lives associated with depreciation and amortization of intangible and fixed assets, warranty reserves, sales incentive accruals, stock based compensation assumptions, income taxes and tax valuation reserves, environmental reserves, legal reserves, insurance reserves and the valuation of assets and liabilities of discontinued operations, acquisition assumptions used and the accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions Griffon may undertake in the future. Actual results may ultimately differ from these estimates. Certain amounts in the prior year have been reclassified to conform to current year presentation.
Fair Value Measurements	FAIR VALUE MEASUREMENTS The carrying values of cash and equivalents, accounts receivable, accounts and notes payable, and revolving credit and variable interest rate debt approximate fair value due to either the short-term nature of such instruments or the fact that the interest rate of the revolving credit and variable rate debt is based upon current market rates. Applicable accounting guidance establishes a fair value hierarchy requiring the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the hierarchy is based on the lowest level of input that is significant to the fair value measurement. The accounting guidance establishes three levels of inputs that may be used to measure fair value, as follows: • Level 1 inputs are measured and recorded at fair value based upon quoted prices in active markets for identical assets. • Level 2 inputs include inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of assets or liabilities. • Level 3 inputs are unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The fair values of Griffon’s 2022 senior notes and 2017, 4% convertible notes approximated $591,000 and $122,250 , respectively, on June 30, 2015 . Fair values were based upon quoted market prices (level 1 inputs). Insurance contracts with values of $3,285 at June 30, 2015 , are measured and recorded at fair value based upon quoted prices in active markets for similar assets (level 2 inputs) and are included in Prepaid and other current assets on the Consolidated Balance Sheets. Items Measured at Fair Value on a Recurring Basis At June 30, 2015, trading securities, measured at fair value based on quoted prices in active markets for similar assets (level 2 inputs), with a fair value of $1,231 ( $1,000 cost basis) were included in Prepaid and other current assets on the Consolidated Balance Sheets. During the second quarter, the Company settled all outstanding available-for-sale securities with proceeds totaling $8,891 and recognized a gain of $489 in Other income, and accordingly, a gain of $870 , net of tax, on available-for-sale securities was reclassified out of Accumulated other comprehensive income (loss) ("AOCI"). Realized and unrealized gains and losses on trading securities, and realized gains and losses on available-for-sale securities are included in Other income in the Consolidated Statements of Operations and Comprehensive Income (Loss). In the normal course of business, Griffon’s operations are exposed to the effect of changes in foreign currency exchange rates. To manage these risks, Griffon may enter into various derivative contracts such as foreign currency exchange contracts, including forwards and options. During 2015, Griffon entered into several such contracts in order to lock into a foreign currency rate for planned settlements of trade and inter-company liabilities payable in US dollars. Griffon had $12,851 of Australian dollar contracts at a weighted average rate of $1.31 . At inception, these hedges were all deemed effective as cash flow hedges with gains and losses related to changes in fair value deferred and recorded in Other comprehensive income (loss) and Prepaid and other current assets, or Accrued liabilities, until settlement. Upon settlement, gains and losses are recognized in the Consolidated Statements of Operations and Comprehensive Income (Loss) in Cost of goods and services ("COGS"). AOCI included deferred gains of $439 ( $307 , net of tax) at June 30, 2015 and gains of $281 and $520 were recorded in COGS during the quarter and nine months ended June 30, 2015, respectively, for all settled contracts. All contracts expire in 7 to 153 days. At June 30, 2015 , Griffon had $1,698 of Canadian dollar contracts at a weighted average rate of $1.25 . The contracts, which protect Canada operations from currency fluctuations for U.S. dollar based purchases, do not qualify for hedge accounting. As of June 30, 2015 , a fair value gain of $159 was recorded to Other income for the outstanding contracts, based on similar contract values (level 2 inputs). All contracts expire in 48 to 108 days. Gains of $78 and $164 were recorded in Other Income during the quarter and nine months ended June 30, 2015, respectively, for all settled contracts.
Inventories	Inventories are stated at the lower of cost (first-in, first-out or average) or market.
New Accounting Pronouncements	In July 2013, the FASB issued new accounting guidance requiring an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss or tax credit carryforward, except for instances when the carryforward is not available to settle any additional income taxes and an entity does not intend to use the deferred tax benefit for these purposes. In these circumstances, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This standard was effective for fiscal years beginning after December 15, 2013, and accordingly, the Company adopted this guidance effective October 1, 2014. Adoption of this standard did not have a significant impact on the Company's consolidated financial statements. In April 2014, the FASB issued guidance changing the requirements for reporting discontinued operations where a disposal of a component of an entity or group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity's operations and financial results when either classified as held for sale, or disposed of by sale or otherwise disposed. The amendment also requires enhanced disclosures about the discontinued operation and disclosure information for other significant dispositions. This guidance is effective for the Company beginning in 2015. The Company's adoption of this standard did not have an impact on its consolidated financial statements. In May 2014, the FASB issued guidance on revenue from contracts with customers. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of time value of money in the transaction price, and allowing estimates of variable consideration to be recognized before contingencies are resolved, in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity's contracts with customers. This guidance permits the use of either the retrospective or cumulative effect transition method and is effective for the Company beginning in 2019; early adoption is permitted beginning in 2018. We have not yet selected a transition method and are currently evaluating the impact of the guidance on the Company's financial condition, results of operations and related disclosures. In August 2014, the FASB issued guidance on management's responsibility in evaluating whether there is substantial doubt about a company's ability to continue as a going concern and related footnote disclosures. Management will be required to evaluate, at each reporting period, whether there are conditions or events that raise substantial doubt about a company's ability to continue as a going concern within one year from the date the financial statements are issued. This guidance is effective prospectively for annual and interim reporting periods beginning in 2017; implementation of this guidance is not expected to have a material effect on the Company’s financial condition or results of operations. In April 2015, the FASB issued guidance on simplifying the presentation of debt issuance costs. This guidance requires debt issuance costs on the balance sheet to be presented as a direct deduction from the carrying amount of a related debt liability, similar to debt discounts. The Company early adopted this guidance in March 2015 and applied it retrospectively for all periods presented in the financial statements. Adoption of this standard did not have a significant impact on the Company's consolidated financial statements. The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements, and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	ACQUISITIONS On April 16, 2015, AMES acquired the assets of an operational wood mill in Champion, PA from the Babcock Lumber Company for $2,225 . The purchase price was preliminarily allocated to property, plant and equipment. The wood mill secures wood supplies, lowers overall production costs and mitigates risk associated with manufacturing handles for wheelbarrows and long-handled tools. On May 21, 2014, AMES acquired the Australian Garden and Tools business of Illinois Tool Works, Inc. (“Cyclone”) for approximately $40,000 . Cyclone, which was integrated with AMES, offers a full range of quality garden and hand tool products sold under various leading brand names including Cyclone®, Nylex® and Trojan®, designed to meet the requirements of both the Do-it-Yourself and professional trade segments. Selling, General and Administrative ("SG&A") expenses included $1,600 and $763 of related acquisition costs recorded in the third and fourth quarters of 2014, respectively. On December 31, 2013, AMES acquired Northcote Pottery (“Northcote”), founded in 1897 and a leading brand in the Australian outdoor planter and decor market, for approximately $22,000 . Northcote, which was integrated with AMES, complements Southern Patio, acquired in 2011, and, with Cyclone, adds to AMES’ existing lawn and garden operations in Australia. First quarter 2014 SG&A expenses included $798 of related acquisition costs. The accounts of the acquired companies, after adjustment to reflect fair market values (level 3 inputs), have been included in the consolidated financial statements from the date of acquisition; in each instance, acquired inventory was not significant. The following table summarizes the fair values of the Cyclone and Northcote assets and liabilities as of the date of acquisition: Cyclone Northcote Total Current Assets, net of cash acquired $ 21,116 $ 7,398 $ 28,514 PP&E 488 1,385 1,873 Goodwill 14,770 11,254 26,024 Amortizable intangible assets 11,608 6,098 17,706 Indefinite life intangible assets 3,548 3,121 6,669 Total assets acquired 51,530 29,256 80,786 Total liabilities assumed (12,005 ) (7,475 ) (19,480 ) Net assets acquired $ 39,525 $ 21,781 $ 61,306
Schedule of Intangible Assets and Goodwill	mounts assigned to major intangible assets, none of which are tax deductible, for Cyclone and Northcote are as follows: Cyclone Northcote Total Amortization Period (Years) Goodwill $ 14,770 $ 11,254 26,024 N/A Tradenames 3,548 3,121 6,669 Indefinite Customer relationships 11,608 6,098 17,706 25 $ 29,926 $ 20,473 50,399

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	The following table details the components of inventory: At June 30, 2015 At September 30, 2014 Raw materials and supplies $ 78,225 $ 75,560 Work in process 79,029 67,866 Finished goods 160,939 146,709 Total $ 318,193 $ 290,135

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following table details the components of property, plant and equipment, net: At June 30, 2015 At September 30, 2014 Land, building and building improvements $ 123,874 $ 127,714 Machinery and equipment 736,021 720,417 Leasehold improvements 46,487 42,852 906,382 890,983 Accumulated depreciation and amortization (540,018 ) (520,418 ) Total $ 366,364 $ 370,565

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	9 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table provides changes in the carrying value of goodwill by segment during the nine months ended June 30, 2015 : At September 30, 2014 Other At June 30, 2015 Home & Building Products $ 291,844 $ (3,303 ) $ 288,541 Telephonics 18,545 — 18,545 Plastics 64,905 (9,246 ) 55,659 Total $ 375,294 $ (12,549 ) $ 362,745
Schedule Of Identifiable Intangible Assets	The following table provides the gross carrying value and accumulated amortization for each major class of intangible assets: At June 30, 2015 At September 30, 2014 Gross Carrying Amount Accumulated Amortization Average Life (Years) Gross Carrying Amount Accumulated Amortization Customer relationships $ 171,959 $ 38,676 25 $ 180,282 $ 35,280 Unpatented technology 6,144 3,435 13 6,500 3,313 Total amortizable intangible assets 178,103 42,111 186,782 38,593 Trademarks 83,661 — 85,434 — Total intangible assets $ 261,764 $ 42,111 $ 272,216 $ 38,593

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	9 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Debt	At June 30, 2015 At September 30, 2014 Outstanding Balance Original Issuer Discount Capitalized Fees & Expenses Balance Sheet Coupon Interest Rate (1) Outstanding Balance Original Issuer Discount Capitalized Fees & Expenses Balance Sheet Coupon Interest Rate (1) Senior notes due 2022 (a) $ 600,000 $ — $ (8,587 ) $ 591,413 5.25 % $ 600,000 $ — $ (9,553 ) $ 590,447 5.25 % Revolver due 2020 (b) 65,000 — (2,162 ) 62,838 n/a 25,000 — (2,009 ) 22,991 n/a Convert. debt due 2017 (c) 100,000 (6,628 ) (702 ) 92,670 4.00 % 100,000 (9,584 ) (1,034 ) 89,382 4.00 % Real estate mortgages (d) 15,744 — (468 ) 15,276 n/a 16,388 — (576 ) 15,812 n/a ESOP Loans (e) 37,295 — (239 ) 37,056 n/a 38,946 — (262 ) 38,684 n/a Capital lease - real estate (f) 7,785 — (162 ) 7,623 5.00 % 8,551 — (181 ) 8,370 5.00 % Non U.S. lines of credit (g) 7,116 — (8 ) 7,108 n/a 3,306 — — 3,306 n/a Non U.S. term loans (h) 24,879 — (96 ) 24,783 n/a 28,470 — (161 ) 28,309 n/a Other long term debt (i) 1,703 — — 1,703 n/a 1,910 — (24 ) 1,886 n/a Totals 859,522 (6,628 ) (12,424 ) 840,470 822,571 (9,584 ) (13,800 ) 799,187 less: Current portion (11,771 ) — — (11,771 ) (7,886 ) — — (7,886 ) Long-term debt $ 847,751 $ (6,628 ) $ (12,424 ) $ 828,699 $ 814,685 $ (9,584 ) $ (13,800 ) $ 791,301 On February 27, 2014, in an unregistered offering through a private placement under Rule 144A, Griffon issued, at par, $600,000 of 5.25% Senior Notes due 2022 (“Senior Notes”); interest is payable semi-annually on March 1 and September 1. Proceeds from the Senior Notes were used to redeem $550,000 of 7.125% senior notes due 2018, to pay a call and tender offer premium of $31,530 and to make interest payments of $16,716 , with the balance used to pay a portion of the related transaction fees and expenses. In connection with the issuance of the Senior Notes, all obligations under the $550,000 of 7.125% senior notes due 2018 were discharged. The Senior Notes are senior unsecured obligations of Griffon guaranteed by certain domestic subsidiaries, and subject to certain covenants, limitations and restrictions. On June 18, 2014, Griffon exchanged all of the Senior Notes for substantially identical Senior Notes registered under the Securities Act of 1933 via an exchange offer. The fair value of the Senior Notes approximated $591,000 on June 30, 2015 based upon quoted market prices (level 1 inputs). In connection with these transactions, Griffon capitalized $10,313 of underwriting fees and other expenses incurred related to the issuance and exchange of the Senior Notes, which will amortize over the term of such notes. Griffon recognized a loss on the early extinguishment of debt on the 7.125% senior notes aggregating $38,890 , comprised of the $31,530 tender offer premium, the write-off of $6,574 of remaining deferred financing fees and $786 of prepaid interest on defeased notes. (b) On March 13, 2015, Griffon amended its Revolving Credit Facility (the “Credit Agreement”) to increase the credit facility from $225,000 to $250,000 , extend its maturity date from March 28, 2019 to March 13, 2020 and modify certain other provisions of the facility. The facility includes a letter of credit sub-facility with a limit of $50,000 (decreased from $60,000 ), and a multi-currency sub-facility of $50,000 . The Credit Agreement provides for same day borrowings of base rate loans in lieu of a swing line sub-facility. Borrowings under the Credit Agreement may be repaid and re-borrowed at any time, subject to final maturity of the facility, or the occurrence or event of default under the Credit Agreement. Interest is payable on borrowings at either a LIBOR or base rate benchmark rate, in each case without a floor, plus an applicable margin, which adjusts based on financial performance. Current margins are 1.25% for base rate loans and 2.25% for LIBOR loans. The Credit Agreement has certain financial maintenance tests including a maximum total leverage ratio, a maximum senior secured leverage ratio and a minimum interest coverage ratio, as well as customary affirmative and negative covenants, and events of default. The negative covenants place limits on Griffon's ability to, among other things, incur indebtedness, incur liens, and make restricted payments and investments. Borrowings under the Credit Agreement are guaranteed by Griffon’s material domestic subsidiaries and are secured, on a first priority basis, by substantially all domestic assets of the Company and the guarantors, and a pledge of not greater than 65% of the equity interest in each of Griffon’s material, first-tier foreign subsidiaries (except that a lien on the assets of Griffon's material domestic subsidiaries securing a limited amount of the debt under the credit agreement relating to Griffon's Employee Stock Ownership Plan ("ESOP") ranks pari passu with the lien granted on such assets under the Credit Agreement; see footnote (e) below). At June 30, 2015 , outstanding borrowings and standby letters of credit were $65,000 and $17,200 , respectively, under the Credit Agreement; $167,800 was available for borrowing at that date. (c) On December 21, 2009, Griffon issued $100,000 principal of 4% convertible subordinated notes due 2017 (the “2017 Notes”). The current conversion rate of the 2017 Notes is 69.3811 shares of Griffon’s common stock per $1 principal amount of notes, corresponding to a conversion price of $14.41 per share. When a cash dividend is declared that would result in an adjustment to the conversion ratio of less than 1% , any adjustment to the conversion ratio is deferred until the first to occur of (i) actual conversion; (ii) the 42nd trading day prior to maturity of the notes; and (iii) such time as the cumulative adjustment equals or exceeds 1% . As of June 30, 2015 , aggregate dividends since the last conversion price adjustment of $0.04 per share would have resulted in an adjustment to the conversion ratio of approximately 0.25% . At both June 30, 2015 and 2014, the 2017 Notes had a capital in excess of par component, net of tax, of $15,720 . The fair value of the 2017 Notes approximated $122,250 on June 30, 2015 based upon quoted market prices (level 1 inputs). (d) On October 21, 2013, Griffon refinanced two real estate mortgages to secure loans totaling $17,175 . The loans mature in October 2018, are collateralized by the related properties and are guaranteed by Griffon. The loans bear interest at a rate of LIBOR plus 2.75% . (e) In December 2013, Griffon’s ESOP entered into an agreement that refinanced the two existing ESOP loans into one new Term Loan in the amount of $21,098 (the "Agreement"). The Agreement also provided for a Line Note with $10,000 available to purchase shares of Griffon common stock in the open market. In July 2014, Griffon's ESOP entered into an amendment to the existing Agreement which provided an additional $10,000 Line Note available to purchase shares in the open market. During 2014, the Line Notes were combined with the Term Loan to form one new Term Loan. The Term Loan bears interest at LIBOR plus 2.38% or the lender’s prime rate, at Griffon’s option. The Term Loan requires quarterly principal payments of $551 , with a balloon payment of approximately $30,137 due at maturity on December 31, 2018. During 2014, 1,591,117 shares of Griffon common stock, for a total of $20,000 or $12.57 per share, were purchased with proceeds from the Line Notes. The Term Loan is secured by shares purchased with the proceeds of the loan and with a lien on a specific amount of Griffon assets (which lien ranks pari passu with the lien granted on such assets under the Credit Agreement) and is guaranteed by Griffon. (f) In October 2006, CBP entered into a capital lease totaling $14,290 for real estate in Troy, Ohio. The lease matures in 2022 , bears interest at a fixed rate of 5.0% , is secured by a mortgage on the real estate and is guaranteed by Griffon. (g) In November 2010, Clopay Europe GmbH (“Clopay Europe”) entered into a €10,000 revolving credit facility and a €20,000 term loan. The term loan was paid off in December 2013 and the revolver had no borrowings outstanding at June 30, 2015 . The revolving facility matures in November 2015 and is renewable upon mutual agreement with the bank. The revolving credit facility accrues interest at EURIBOR plus 2.20% per annum (2.20% at June 30, 2015). Clopay Europe is required to maintain a certain minimum equity to assets ratio and keep leverage below a certain level, defined as the ratio of total debt to EBITDA. Clopay do Brazil maintains lines of credit of $4,125 . Interest on borrowings accrues at a rate of Brazilian CDI plus 6.0% ( 19.64% at June 30, 2015 ). At June 30, 2015 there was $2,769 borrowed under the lines. Clopay Plastic Products Company, Inc. guarantees the loan and lines. In November 2012, Garant G.P. (“Garant”) entered into a CAD $15,000 revolving credit facility. The facility accrues interest at LIBOR (USD) or the Bankers Acceptance Rate (CDN) plus 1.3% per annum ( 1.58% LIBOR USD and 2.22% Bankers Acceptance Rate CDN as of June 30, 2015 ). The revolving facility matures in November 2015. Garant is required to maintain a certain minimum equity. At June 30, 2015 , there was $4,347 (CAD $5,355 ) borrowed under the revolving credit facility with $7,829 (CAD $9,645 ) available. (h) In December 2013 and May 2014, Northcote Holdings Pty Ltd entered into two unsecured term loans in the outstanding amounts of AUD $12,500 and AUD $20,000 , respectively. The AUD $12,500 term loan requires quarterly interest payments with principal due upon maturity in December 2016. The AUD $20,000 term loan requires quarterly principal payments of AUD $625 beginning in August 2015, with a balloon payment due upon maturity in May 2017. The loans accrue interest at Bank Bill Swap Bid Rate “BBSY” plus 2.8% per annum ( 4.96% at June 30, 2015 for each loan). As of June 30, 2015 , Northcote had an outstanding combined balance of $24,783 on the term loans, net of deferred costs. Subsidiaries of Northcote Holdings Pty Ltd also maintain two lines of credit of AUD $3,000 and AUD $5,000 which accrue interest at BBSY plus 2.25% per annum ( 4.41% at June 30, 2015 ) and 2.50% per annum ( 4.66% at June 30, 2015 ), respectively. At June 30, 2015 , there were no outstanding borrowings under the lines. Griffon guarantees the term loans and the AUD $3,000 line of credit; the assets of a subsidiary of Northcote Holdings Pty Ltd secures the AUD $5,000 line of credit. (i) Other long-term debt primarily consists of capital leases.
Schedule of Interest Expense For Long Term Debt	Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Effective Interest Rate (1) Cash Interest Amort. Debt Amort. Debt Issuance Costs Total Interest Expense Effective Interest Rate (1) Cash Interest Amort. Debt Amort. Total Interest Expense Senior notes due 2022 (a) 5.5 % 7,875 — 323 8,198 5.5% 7,875 — 310 8,185 Revolver due 2020 (b) n/a 761 — 116 877 n/a 309 — 144 453 Convert. debt due 2017 (c) 9.2 % 1,000 1,004 111 2,115 9.1 % 1,000 921 112 2,033 Real estate mortgages (d) 3.8 % 117 — 36 153 3.8 % 124 — 35 159 ESOP Loans (e) 2.9 % 255 — 17 272 2.9 % 192 — 25 217 Capital lease - real estate (f) 5.3 % 100 — 6 106 5.3 % 112 — 5 117 Non U.S. lines of credit (g) n/a 195 — — 195 n/a 307 — 27 334 Non U.S. term loans (h) n/a 324 — 14 338 n/a 273 — 13 286 Other long term debt (i) n/a 12 — 1 13 n/a 6 — 9 15 Capitalized interest (98 ) — — (98 ) (138 ) — — (138 ) Totals $ 10,541 $ 1,004 $ 624 $ 12,169 $ 10,060 $ 921 $ 680 $ 11,661 (1) not applicable = n/a Nine Months Ended June 30, 2015 Nine Months Ended June 30, 2014 Effective Interest Rate (1) Cash Interest Amort. Debt Discount Amort. Debt Issuance Costs & Other Fees Total Interest Expense Effective Interest Rate (1) Cash Interest Amort. Debt Discount Amort. Debt Issuance Costs & Other Fees Total Interest Expense Senior notes due 2018 (a) n/a $ — $ — $ — $ — 7.4 % $ 15,930 $ — $ 667 $ 16,597 Senior notes due 2022 (a) 5.5 % 23,625 — 967 24,592 5.5 % 10,675 — 421 11,096 Revolver due 2020 (b) n/a 1,758 — 407 2,165 n/a 782 — 422 1,204 Convert. debt due 2017 (c) 9.1 % 3,000 2,956 332 6,288 9.1 % 3,000 2,713 333 6,046 Real estate mortgages (d) 3.9 % 357 — 108 465 4.0 % 376 — 108 484 ESOP Loans (e) 2.9 % 769 — 52 821 3.2 % 524 — 32 556 Capital lease - real estate (f) 5.3 % 308 — 19 327 5.4 % 345 — 19 364 Non U.S. lines of credit (g) n/a 445 — — 445 n/a 724 — 27 751 Non U.S. term loans (h) n/a 1,049 — 44 1,093 n/a 426 — 17 443 Other long term debt (i) n/a 65 — 9 74 n/a 17 — 30 47 Capitalized interest (335 ) — — (335 ) (404 ) — — (404 ) Totals $ 31,041 $ 2,956 $ 1,938 $ 35,935 $ 32,395 $ 2,713 $ 2,076 $ 37,184 On February 27, 2014, in an unregistered offering through a private placement under Rule 144A, Griffon issued, at par, $600,000 of 5.25% Senior Notes due 2022 (“Senior Notes”); interest is payable semi-annually on March 1 and September 1. Proceeds from the Senior Notes were used to redeem $550,000 of 7.125% senior notes due 2018, to pay a call and tender offer premium of $31,530 and to make interest payments of $16,716 , with the balance used to pay a portion of the related transaction fees and expenses. In connection with the issuance of the Senior Notes, all obligations under the $550,000 of 7.125% senior notes due 2018 were discharged. The Senior Notes are senior unsecured obligations of Griffon guaranteed by certain domestic subsidiaries, and subject to certain covenants, limitations and restrictions. On June 18, 2014, Griffon exchanged all of the Senior Notes for substantially identical Senior Notes registered under the Securities Act of 1933 via an exchange offer. The fair value of the Senior Notes approximated $591,000 on June 30, 2015 based upon quoted market prices (level 1 inputs). In connection with these transactions, Griffon capitalized $10,313 of underwriting fees and other expenses incurred related to the issuance and exchange of the Senior Notes, which will amortize over the term of such notes. Griffon recognized a loss on the early extinguishment of debt on the 7.125% senior notes aggregating $38,890 , comprised of the $31,530 tender offer premium, the write-off of $6,574 of remaining deferred financing fees and $786 of prepaid interest on defeased notes. (b) On March 13, 2015, Griffon amended its Revolving Credit Facility (the “Credit Agreement”) to increase the credit facility from $225,000 to $250,000 , extend its maturity date from March 28, 2019 to March 13, 2020 and modify certain other provisions of the facility. The facility includes a letter of credit sub-facility with a limit of $50,000 (decreased from $60,000 ), and a multi-currency sub-facility of $50,000 . The Credit Agreement provides for same day borrowings of base rate loans in lieu of a swing line sub-facility. Borrowings under the Credit Agreement may be repaid and re-borrowed at any time, subject to final maturity of the facility, or the occurrence or event of default under the Credit Agreement. Interest is payable on borrowings at either a LIBOR or base rate benchmark rate, in each case without a floor, plus an applicable margin, which adjusts based on financial performance. Current margins are 1.25% for base rate loans and 2.25% for LIBOR loans. The Credit Agreement has certain financial maintenance tests including a maximum total leverage ratio, a maximum senior secured leverage ratio and a minimum interest coverage ratio, as well as customary affirmative and negative covenants, and events of default. The negative covenants place limits on Griffon's ability to, among other things, incur indebtedness, incur liens, and make restricted payments and investments. Borrowings under the Credit Agreement are guaranteed by Griffon’s material domestic subsidiaries and are secured, on a first priority basis, by substantially all domestic assets of the Company and the guarantors, and a pledge of not greater than 65% of the equity interest in each of Griffon’s material, first-tier foreign subsidiaries (except that a lien on the assets of Griffon's material domestic subsidiaries securing a limited amount of the debt under the credit agreement relating to Griffon's Employee Stock Ownership Plan ("ESOP") ranks pari passu with the lien granted on such assets under the Credit Agreement; see footnote (e) below). At June 30, 2015 , outstanding borrowings and standby letters of credit were $65,000 and $17,200 , respectively, under the Credit Agreement; $167,800 was available for borrowing at that date. (c) On December 21, 2009, Griffon issued $100,000 principal of 4% convertible subordinated notes due 2017 (the “2017 Notes”). The current conversion rate of the 2017 Notes is 69.3811 shares of Griffon’s common stock per $1 principal amount of notes, corresponding to a conversion price of $14.41 per share. When a cash dividend is declared that would result in an adjustment to the conversion ratio of less than 1% , any adjustment to the conversion ratio is deferred until the first to occur of (i) actual conversion; (ii) the 42nd trading day prior to maturity of the notes; and (iii) such time as the cumulative adjustment equals or exceeds 1% . As of June 30, 2015 , aggregate dividends since the last conversion price adjustment of $0.04 per share would have resulted in an adjustment to the conversion ratio of approximately 0.25% . At both June 30, 2015 and 2014, the 2017 Notes had a capital in excess of par component, net of tax, of $15,720 . The fair value of the 2017 Notes approximated $122,250 on June 30, 2015 based upon quoted market prices (level 1 inputs). (d) On October 21, 2013, Griffon refinanced two real estate mortgages to secure loans totaling $17,175 . The loans mature in October 2018, are collateralized by the related properties and are guaranteed by Griffon. The loans bear interest at a rate of LIBOR plus 2.75% . (e) In December 2013, Griffon’s ESOP entered into an agreement that refinanced the two existing ESOP loans into one new Term Loan in the amount of $21,098 (the "Agreement"). The Agreement also provided for a Line Note with $10,000 available to purchase shares of Griffon common stock in the open market. In July 2014, Griffon's ESOP entered into an amendment to the existing Agreement which provided an additional $10,000 Line Note available to purchase shares in the open market. During 2014, the Line Notes were combined with the Term Loan to form one new Term Loan. The Term Loan bears interest at LIBOR plus 2.38% or the lender’s prime rate, at Griffon’s option. The Term Loan requires quarterly principal payments of $551 , with a balloon payment of approximately $30,137 due at maturity on December 31, 2018. During 2014, 1,591,117 shares of Griffon common stock, for a total of $20,000 or $12.57 per share, were purchased with proceeds from the Line Notes. The Term Loan is secured by shares purchased with the proceeds of the loan and with a lien on a specific amount of Griffon assets (which lien ranks pari passu with the lien granted on such assets under the Credit Agreement) and is guaranteed by Griffon. (f) In October 2006, CBP entered into a capital lease totaling $14,290 for real estate in Troy, Ohio. The lease matures in 2022 , bears interest at a fixed rate of 5.0% , is secured by a mortgage on the real estate and is guaranteed by Griffon. (g) In November 2010, Clopay Europe GmbH (“Clopay Europe”) entered into a €10,000 revolving credit facility and a €20,000 term loan. The term loan was paid off in December 2013 and the revolver had no borrowings outstanding at June 30, 2015 . The revolving facility matures in November 2015 and is renewable upon mutual agreement with the bank. The revolving credit facility accrues interest at EURIBOR plus 2.20% per annum (2.20% at June 30, 2015). Clopay Europe is required to maintain a certain minimum equity to assets ratio and keep leverage below a certain level, defined as the ratio of total debt to EBITDA. Clopay do Brazil maintains lines of credit of $4,125 . Interest on borrowings accrues at a rate of Brazilian CDI plus 6.0% ( 19.64% at June 30, 2015 ). At June 30, 2015 there was $2,769 borrowed under the lines. Clopay Plastic Products Company, Inc. guarantees the loan and lines. In November 2012, Garant G.P. (“Garant”) entered into a CAD $15,000 revolving credit facility. The facility accrues interest at LIBOR (USD) or the Bankers Acceptance Rate (CDN) plus 1.3% per annum ( 1.58% LIBOR USD and 2.22% Bankers Acceptance Rate CDN as of June 30, 2015 ). The revolving facility matures in November 2015. Garant is required to maintain a certain minimum equity. At June 30, 2015 , there was $4,347 (CAD $5,355 ) borrowed under the revolving credit facility with $7,829 (CAD $9,645 ) available. (h) In December 2013 and May 2014, Northcote Holdings Pty Ltd entered into two unsecured term loans in the outstanding amounts of AUD $12,500 and AUD $20,000 , respectively. The AUD $12,500 term loan requires quarterly interest payments with principal due upon maturity in December 2016. The AUD $20,000 term loan requires quarterly principal payments of AUD $625 beginning in August 2015, with a balloon payment due upon maturity in May 2017. The loans accrue interest at Bank Bill Swap Bid Rate “BBSY” plus 2.8% per annum ( 4.96% at June 30, 2015 for each loan). As of June 30, 2015 , Northcote had an outstanding combined balance of $24,783 on the term loans, net of deferred costs. Subsidiaries of Northcote Holdings Pty Ltd also maintain two lines of credit of AUD $3,000 and AUD $5,000 which accrue interest at BBSY plus 2.25% per annum ( 4.41% at June 30, 2015 ) and 2.50% per annum ( 4.66% at June 30, 2015 ), respectively. At June 30, 2015 , there were no outstanding borrowings under the lines. Griffon guarantees the term loans and the AUD $3,000 line of credit; the assets of a subsidiary of Northcote Holdings Pty Ltd secures the AUD $5,000 line of credit. (i) Other long-term debt primarily consists of capital leases.

EARNINGS PER SHARE (EPS) (Table

EARNINGS PER SHARE (EPS) (Tables)	9 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table is a reconciliation of the share amounts (in thousands) used in computing earnings per share: Three Months Ended June 30, Nine Months Ended June 30, 2015 2014 2015 2014 Weighted average shares outstanding - basic 44,025 48,370 45,228 50,038 Incremental shares from stock based compensation 2,056 1,466 1,929 — Convertible debt due 2017 899 — 128 — Weighted average shares outstanding - diluted 46,980 49,836 47,285 50,038 Anti-dilutive options excluded from diluted EPS computation 480 643 514 643 Anti-dilutive restricted stock excluded from diluted EPS computation — — — 1,609

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Information on Griffon’s reportable segments is as follows: For the Three Months Ended June 30, For the Nine Months Ended June 30, REVENUE 2015 2014 2015 2014 Home & Building Products: AMES $ 140,614 $ 132,179 $ 432,816 $ 389,492 CBP 131,577 121,814 374,690 334,494 Home & Building Products 272,191 253,993 807,506 723,986 Telephonics 115,340 102,446 304,685 302,656 Plastics 124,163 148,600 401,683 439,542 Total consolidated net sales $ 511,694 $ 505,039 $ 1,513,874 $ 1,466,184 The following table reconciles segment operating profit to income before taxes: For the Three Months Ended June 30, For the Nine Months Ended June 30, INCOME (LOSS) BEFORE TAXES 2015 2014 2015 2014 Segment operating profit: Home & Building Products $ 16,268 $ 9,747 $ 41,288 $ 27,958 Telephonics 13,284 13,134 29,915 34,463 Plastics 8,299 8,075 26,186 23,252 Total segment operating profit 37,851 30,956 97,389 85,673 Net interest expense (12,150 ) (11,541 ) (35,644 ) (37,003 ) Unallocated amounts (9,008 ) (6,521 ) (24,852 ) (22,895 ) Loss from debt extinguishment, net — — — (38,890 ) Income before taxes $ 16,693 $ 12,894 $ 36,893 $ (13,115 ) The following table provides a reconciliation of Segment adjusted EBITDA to Income (loss) before taxes: For the Three Months Ended June 30, For the Nine Months Ended June 30, 2015 2014 2015 2014 Segment adjusted EBITDA: Home & Building Products $ 25,386 $ 19,596 $ 67,186 $ 55,787 Telephonics 15,712 15,087 37,360 40,018 Plastics 14,084 14,922 44,399 43,881 Total Segment adjusted EBITDA 55,182 49,605 148,945 139,686 Net interest expense (12,150 ) (11,541 ) (35,644 ) (37,003 ) Segment depreciation and amortization (17,331 ) (16,691 ) (51,556 ) (49,723 ) Unallocated amounts (9,008 ) (6,521 ) (24,852 ) (22,895 ) Loss from debt extinguishment, net — — — (38,890 ) Restructuring charges — (358 ) — (1,892 ) Acquisition costs — (1,600 ) — (2,398 ) Income (loss) before taxes $ 16,693 $ 12,894 $ 36,893 $ (13,115 ) Unallocated amounts typically include general corporate expenses not attributable to a reportable segment. For the Three Months Ended June 30, For the Nine Months Ended June 30, DEPRECIATION and AMORTIZATION 2015 2014 2015 2014 Segment: Home & Building Products $ 9,118 $ 7,891 $ 25,898 $ 23,539 Telephonics 2,428 1,953 7,445 5,555 Plastics 5,785 6,847 18,213 20,629 Total segment depreciation and amortization 17,331 16,691 51,556 49,723 Corporate 117 104 345 304 Total consolidated depreciation and amortization $ 17,448 $ 16,795 $ 51,901 $ 50,027 CAPITAL EXPENDITURES Segment: Home & Building Products $ 8,644 $ 8,194 $ 30,019 $ 23,384 Telephonics 1,644 6,082 3,952 14,969 Plastics 4,820 5,063 19,985 15,213 Total segment 15,108 19,339 53,956 53,566 Corporate 544 675 1,409 1,293 Total consolidated capital expenditures $ 15,652 $ 20,014 $ 55,365 $ 54,859
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	ASSETS At June 30, 2015 At September 30, 2014 Segment assets: Home & Building Products $ 1,062,188 $ 1,033,453 Telephonics 296,937 319,327 Plastics 348,743 389,464 Total segment assets 1,707,868 1,742,244 Corporate 10,128 64,015 Total continuing assets 1,717,996 1,806,259 Assets of discontinued operations 3,756 3,750 Consolidated total $ 1,721,752 $ 1,810,009

DEFINED BENEFIT PENSION EXPEN34

DEFINED BENEFIT PENSION EXPENSE (Tables)	9 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of Defined Benefit Plans Disclosures	Defined benefit pension expense (income) was as follows: Three Months Ended June 30, Nine Months Ended June 30, 2015 2014 2015 2014 Service cost $ — $ — $ — $ 90 Interest cost 2,207 2,416 6,621 7,415 Expected return on plan assets (2,932 ) (2,820 ) (8,796 ) (8,590 ) Amortization: Prior service cost 4 4 12 11 Recognized actuarial loss 541 485 1,623 1,463 Net periodic expense (income) $ (180 ) $ 85 $ (540 ) $ 389

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	The following amounts related to the Installation Services segment, discontinued in 2008, and other businesses discontinued several years ago, which have been segregated from Griffon’s continuing operations, and are reported as assets and liabilities of discontinued operations in the condensed consolidated balance sheets: At June 30, 2015 At September 30, 2014 Assets of discontinued operations: Prepaid and other current assets $ 1,625 $ 1,624 Other long-term assets 2,131 2,126 Total assets of discontinued operations $ 3,756 $ 3,750 Liabilities of discontinued operations: Accrued liabilities, current $ 2,392 $ 3,282 Other long-term liabilities 3,244 3,830 Total liabilities of discontinued operations $ 5,636 $ 7,112

RESTRUCTURING AND OTHER RELAT36

RESTRUCTURING AND OTHER RELATED CHARGES (Tables)	9 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Schedule Of Restructuring And Other Related Charges	A summary of the restructuring and other related charges included in the line item “Restructuring and other related charges” in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) were recognized as follows: Workforce Facilities & Other Total Amounts incurred in: Quarter ended December 31, 2013 $ 638 $ 95 $ 109 $ 842 Quarter ended March 31, 2014 495 137 60 692 Quarter ended June 30, 2014 $ 289 $ 47 $ 22 $ 358 Nine Months Ended June 30, 2014 $ 1,422 $ 279 $ 191 $ 1,892
Schedule of Restructuring Reserve by Type of Cost	The activity in the restructuring accrual recorded in accrued liabilities consisted of the following: Workforce Accrued liability at September 30, 2014 $ 5,228 Payments (4,396 ) Accrued liability at June 30, 2015 $ 832

WARRANTY LIABILITY (Tables)

WARRANTY LIABILITY (Tables)	9 Months Ended
	Jun. 30, 2015
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	Changes in Griffon’s warranty liability, included in Accrued liabilities, were as follows: Three Months Ended June 30, Nine Months Ended June 30, 2015 2014 2015 2014 Balance, beginning of period $ 5,674 $ 7,111 $ 4,934 $ 6,649 Warranties issued and changes in estimated pre-existing warranties 1,057 576 3,848 2,677 Actual warranty costs incurred (1,803 ) (1,199 ) (3,854 ) (2,838 ) Balance, end of period $ 4,928 $ 6,488 $ 4,928 $ 6,488

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Comprehensive Income (Loss)	The amounts recognized in other comprehensive income (loss) were as follows: Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ 4,801 $ — $ 4,801 $ 2,809 $ — $ 2,809 Pension and other defined benefit plans 545 (192 ) 353 491 (174 ) 317 Gain on cash flow hedge 278 (69 ) 209 — — — Total other comprehensive income (loss) $ 5,624 $ (261 ) $ 5,363 $ 3,300 $ (174 ) $ 3,126 Nine Months Ended June 30, 2015 Nine Months Ended June 30, 2014 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ (41,083 ) $ — $ (41,083 ) $ 896 $ — $ 896 Pension and other defined benefit plans 1,635 (576 ) 1,059 2,682 (950 ) 1,732 Gain on cash flow hedge 74 (19 ) 55 — — — Available-for-sale securities (1,370 ) 500 (870 ) — — — Total other comprehensive income (loss) $ (40,744 ) $ (95 ) $ (40,839 ) $ 3,578 $ (950 ) $ 2,628 The components of Accumulated other comprehensive income (loss) are as follows: June 30, 2015 September 30, 2014 Foreign currency translation adjustments $ (44,903 ) $ (3,820 ) Pension and other defined benefit plans (26,307 ) (27,366 ) Gain on cash flow hedge 307 252 Available-for-sale securities — 870 $ (70,903 ) $ (30,064 ) Total comprehensive income (loss) were as follows: For the Three Months Ended June 30, For the Nine Months Ended June 30, 2015 2014 2015 2014 Net income (loss) $ 10,893 $ 14,464 $ 23,486 $ (8,125 ) Other comprehensive income (loss), net of taxes 5,363 3,126 (40,839 ) 2,628 Comprehensive loss $ 16,256 $ 17,590 $ (17,353 ) $ (5,497 )
Comprehensive Income (Loss) Note [Text Block]	OTHER COMPREHENSIVE INCOME (LOSS) The amounts recognized in other comprehensive income (loss) were as follows: Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ 4,801 $ — $ 4,801 $ 2,809 $ — $ 2,809 Pension and other defined benefit plans 545 (192 ) 353 491 (174 ) 317 Gain on cash flow hedge 278 (69 ) 209 — — — Total other comprehensive income (loss) $ 5,624 $ (261 ) $ 5,363 $ 3,300 $ (174 ) $ 3,126 Nine Months Ended June 30, 2015 Nine Months Ended June 30, 2014 Pre-tax Tax Net of tax Pre-tax Tax Net of tax Foreign currency translation adjustments $ (41,083 ) $ — $ (41,083 ) $ 896 $ — $ 896 Pension and other defined benefit plans 1,635 (576 ) 1,059 2,682 (950 ) 1,732 Gain on cash flow hedge 74 (19 ) 55 — — — Available-for-sale securities (1,370 ) 500 (870 ) — — — Total other comprehensive income (loss) $ (40,744 ) $ (95 ) $ (40,839 ) $ 3,578 $ (950 ) $ 2,628 The components of Accumulated other comprehensive income (loss) are as follows: June 30, 2015 September 30, 2014 Foreign currency translation adjustments $ (44,903 ) $ (3,820 ) Pension and other defined benefit plans (26,307 ) (27,366 ) Gain on cash flow hedge 307 252 Available-for-sale securities — 870 $ (70,903 ) $ (30,064 ) Total comprehensive income (loss) were as follows: For the Three Months Ended June 30, For the Nine Months Ended June 30, 2015 2014 2015 2014 Net income (loss) $ 10,893 $ 14,464 $ 23,486 $ (8,125 ) Other comprehensive income (loss), net of taxes 5,363 3,126 (40,839 ) 2,628 Comprehensive loss $ 16,256 $ 17,590 $ (17,353 ) $ (5,497 ) Amounts reclassified from accumulated other comprehensive income (loss) to income (loss) were as follows: For the Three Months Ended June 30, For the Nine Months Ended June 30, Gain (Loss) 2015 2014 2015 2014 Pension amortization $ (545 ) $ (491 ) $ (1,635 ) $ (2,682 ) Cash flow hedges 100 — 520 — Available-for-sale securities — — 1,370 — Total gain (loss) (445 ) (491 ) 255 (2,682 ) Tax benefit (expense) 162 174 (80 ) 950 Total $ (283 ) $ (317 ) $ 175 $ (1,732 )
Reclassification out of Accumulated Other Comprehensive Income	Amounts reclassified from accumulated other comprehensive income (loss) to income (loss) were as follows: For the Three Months Ended June 30, For the Nine Months Ended June 30, Gain (Loss) 2015 2014 2015 2014 Pension amortization $ (545 ) $ (491 ) $ (1,635 ) $ (2,682 ) Cash flow hedges 100 — 520 — Available-for-sale securities — — 1,370 — Total gain (loss) (445 ) (491 ) 255 (2,682 ) Tax benefit (expense) 162 174 (80 ) 950 Total $ (283 ) $ (317 ) $ 175 $ (1,732 )

CONSOLIDATING GUARANTOR AND N39

CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)	9 Months Ended
	Jun. 30, 2015
Consolidating Guarantor And Non Guarantor Financial Information [Abstract]
Condensed Balance Sheet	CONDENSED CONSOLIDATING BALANCE SHEETS At June 30, 2015 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CURRENT ASSETS Cash and equivalents $ 4,736 $ 12,893 $ 28,326 $ — $ 45,955 Accounts receivable, net of allowances — 214,674 62,298 (36,783 ) 240,189 Contract costs and recognized income not yet billed, net of progress payments — 103,860 151 — 104,011 Inventories, net — 255,192 63,001 — 318,193 Prepaid and other current assets 11,960 24,806 12,616 (2,635 ) 46,747 Assets of discontinued operations — — 1,625 — 1,625 Total Current Assets 16,696 611,425 168,017 (39,418 ) 756,720 PROPERTY, PLANT AND EQUIPMENT, net 1,142 274,343 90,879 — 366,364 GOODWILL — 284,875 77,870 — 362,745 INTANGIBLE ASSETS, net 93 153,432 66,128 — 219,653 INTERCOMPANY RECEIVABLE 587,567 981,607 226,066 (1,795,240 ) — EQUITY INVESTMENTS IN SUBSIDIARIES 757,858 644,539 1,757,687 (3,160,084 ) — OTHER ASSETS 41,319 50,321 9,948 (87,449 ) 14,139 ASSETS OF DISCONTINUED OPERATIONS — — 2,131 — 2,131 Total Assets $ 1,404,675 $ 3,000,542 $ 2,398,726 $ (5,082,191 ) $ 1,721,752 CURRENT LIABILITIES Notes payable and current portion of long-term debt $ 2,203 $ 1,176 $ 8,392 $ — $ 11,771 Accounts payable and accrued liabilities 33,668 196,298 68,430 (23,798 ) 274,598 Liabilities of discontinued operations — 2,392 — 2,392 Total Current Liabilities 35,871 197,474 79,214 (23,798 ) 288,761 LONG-TERM DEBT, net 781,774 6,745 40,180 — 828,699 INTERCOMPANY PAYABLES 60,428 944,302 742,973 (1,747,703 ) — OTHER LIABILITIES 59,213 155,397 26,185 (101,995 ) 138,800 LIABILITIES OF DISCONTINUED OPERATIONS — — 3,244 — 3,244 Total Liabilities 937,286 1,303,918 891,796 (1,873,496 ) 1,259,504 SHAREHOLDERS’ EQUITY 467,389 1,696,624 1,506,930 (3,208,695 ) 462,248 Total Liabilities and Shareholders’ Equity $ 1,404,675 $ 3,000,542 $ 2,398,726 $ (5,082,191 ) $ 1,721,752 CONDENSED CONSOLIDATING BALANCE SHEETS At September 30, 2014 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CURRENT ASSETS Cash and equivalents $ 6,813 $ 31,522 $ 54,070 $ — $ 92,405 Accounts receivable, net of allowances — 213,922 77,218 (32,704 ) 258,436 Contract costs and recognized income not yet billed, net of progress payments — 109,804 126 — 109,930 Inventories, net — 219,326 70,537 272 290,135 Prepaid and other current assets 4,366 26,319 17,101 14,783 62,569 Assets of discontinued operations — — 1,624 — 1,624 Total Current Assets 11,179 600,893 220,676 (17,649 ) 815,099 PROPERTY, PLANT AND EQUIPMENT, net 1,327 270,519 98,643 76 370,565 GOODWILL — 284,875 90,419 — 375,294 INTANGIBLE ASSETS, net — 156,772 76,851 — 233,623 INTERCOMPANY RECEIVABLE 540,080 892,433 213,733 (1,646,246 ) — EQUITY INVESTMENTS IN SUBSIDIARIES 780,600 662,403 1,782,406 (3,225,409 ) — OTHER ASSETS 27,880 53,896 6,739 (75,213 ) 13,302 ASSETS OF DISCONTINUED OPERATIONS — — 2,126 — 2,126 Total Assets $ 1,361,066 $ 2,921,791 $ 2,491,593 $ (4,964,441 ) $ 1,810,009 CURRENT LIABILITIES Notes payable and current portion of long-term debt $ 2,202 $ 1,144 $ 4,540 $ — $ 7,886 Accounts payable and accrued liabilities 25,703 227,419 91,132 (20,811 ) 323,443 Liabilities of discontinued operations — — 3,282 — 3,282 Total Current Liabilities 27,905 228,563 98,954 (20,811 ) 334,611 LONG-TERM DEBT, net 738,360 7,806 45,135 — 791,301 INTERCOMPANY PAYABLES 21,573 815,094 762,192 (1,598,859 ) — OTHER LIABILITIES 41,201 151,674 26,949 (71,584 ) 148,240 LIABILITIES OF DISCONTINUED OPERATIONS — — 3,830 — 3,830 Total Liabilities 829,039 1,203,137 937,060 (1,691,254 ) 1,277,982 SHAREHOLDERS’ EQUITY 532,027 1,718,654 1,554,533 (3,273,187 ) 532,027 Total Liabilities and Shareholders’ Equity $ 1,361,066 $ 2,921,791 $ 2,491,593 $ (4,964,441 ) $ 1,810,009
Condensed Income Statement	CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 30, 2015 ($ in thousands) Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation Revenue $ — $ 416,433 $ 110,204 $ (14,943 ) $ 511,694 Cost of goods and services — 310,578 85,841 (8,214 ) 388,205 Gross profit — 105,855 24,363 (6,729 ) 123,489 Selling, general and administrative expenses 5,978 73,190 24,286 (7,879 ) 95,575 Total operating expenses 5,978 73,190 24,286 (7,879 ) 95,575 Income (loss) from operations (5,978 ) 32,665 77 1,150 27,914 Other income (expense) Interest income (expense), net (2,402 ) (7,770 ) (1,978 ) — (12,150 ) Other, net (26 ) 2,075 30 (1,150 ) 929 Total other income (expense) (2,428 ) (5,695 ) (1,948 ) (1,150 ) (11,221 ) Income (loss) before taxes (8,406 ) 26,970 (1,871 ) — 16,693 Provision (benefit) for income taxes (3,194 ) 9,726 (732 ) — 5,800 Income (loss) before equity in net income of subsidiaries (5,212 ) 17,244 (1,139 ) — 10,893 Equity in net income (loss) of subsidiaries 16,105 (1,206 ) 17,244 (32,143 ) — Net income (loss) $ 10,893 $ 16,038 $ 16,105 $ (32,143 ) $ 10,893 Net Income (loss) $ 10,893 $ 16,038 $ 16,105 $ (32,143 ) $ 10,893 Other comprehensive income (loss), net of taxes 5,363 2,077 3,258 (5,335 ) 5,363 Comprehensive income (loss) $ 16,256 $ 18,115 $ 19,363 $ (37,478 ) $ 16,256 CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) For the Three Months Ended June 30, 2014 ($ in thousands) Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation Revenue $ — $ 392,361 $ 126,343 $ (13,665 ) $ 505,039 Cost of goods and services — 295,148 103,938 (12,354 ) 386,732 Gross profit — 97,213 22,405 (1,311 ) 118,307 Selling, general and administrative expenses 7,034 71,110 19,617 (1,626 ) 96,135 Restructuring and other related charges — 349 9 — 358 Total operating expenses 7,034 71,459 19,626 (1,626 ) 96,493 Income (loss) from operations (7,034 ) 25,754 2,779 315 21,814 Other income (expense) Interest income (expense), net (1,750 ) (7,367 ) (2,424 ) — (11,541 ) Loss from debt extinguishment, net — — — — — Other, net 1,436 2,497 (997 ) (315 ) 2,621 Total other income (expense) (314 ) (4,870 ) (3,421 ) (315 ) (8,920 ) Income (loss) before taxes (7,348 ) 20,884 (642 ) — 12,894 Provision (benefit) for income taxes (9,322 ) 7,322 430 — (1,570 ) Income (loss) before equity in net income of subsidiaries 1,974 13,562 (1,072 ) — 14,464 Equity in net income (loss) of subsidiaries 12,490 (1,161 ) 13,562 (24,891 ) — Net income (loss) $ 14,464 $ 12,401 $ 12,490 $ (24,891 ) $ 14,464 Net Income (loss) $ 14,464 $ 12,401 $ 12,490 $ (24,891 ) $ 14,464 Other comprehensive income (loss), net of taxes 3,126 (592 ) 3,547 (2,955 ) 3,126 Comprehensive income (loss) $ 17,590 $ 11,809 $ 16,037 $ (27,846 ) $ 17,590
Condensed Cash Flow Statement	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended June 30, 2015 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ 23,486 $ 38,959 $ 37,615 $ (76,574 ) $ 23,486 Net cash provided by (used in) operating activities: 4,582 16,063 8,941 — 29,586 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant and equipment (203 ) (40,918 ) (14,244 ) — (55,365 ) Acquired businesses, net of cash acquired — (2,225 ) — — (2,225 ) Intercompany distributions 10,000 (10,000 ) — — — Proceeds from sale of investments 8,891 — — 8,891 Proceeds from sale of assets — 90 185 — 275 Net cash provided by (used in) investing activities 18,688 (53,053 ) (14,059 ) — (48,424 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock 371 — — — 371 Purchase of shares for treasury (58,218 ) — — — (58,218 ) Proceeds from long-term debt 112,000 116 9,407 — 121,523 Payments of long-term debt (73,652 ) (1,009 ) (5,834 ) — (80,495 ) Change in short-term borrowings — — (81 ) — (81 ) Financing costs (592 ) — — — (592 ) Tax benefit from exercise/vesting of equity awards, net 345 — — — 345 Dividends paid (5,807 ) — — — (5,807 ) Other, net 206 19,254 (19,254 ) — 206 Net cash provided by (used in) financing activities (25,347 ) 18,361 (15,762 ) — (22,748 ) CASH FLOWS FROM DISCONTINUED OPERATIONS: Net cash used in discontinued operations — — (830 ) — (830 ) Effect of exchange rate changes on cash and equivalents — — (4,034 ) — (4,034 ) NET DECREASE IN CASH AND EQUIVALENTS (2,077 ) (18,629 ) (25,744 ) — (46,450 ) CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 6,813 31,522 54,070 — 92,405 CASH AND EQUIVALENTS AT END OF PERIOD $ 4,736 $ 12,893 $ 28,326 $ — $ 45,955 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended June 30, 2014 Parent Company Guarantor Companies Non-Guarantor Companies Elimination Consolidation CASH FLOWS FROM OPERATING ACTIVITIES: Net income (loss) $ (8,125 ) $ 32,818 $ 33,066 $ (65,884 ) $ (8,125 ) Net cash provided by (used in) operating activities: (10,966 ) (8,300 ) 69,122 — 49,856 CASH FLOWS FROM INVESTING ACTIVITIES: Acquisition of property, plant and equipment (672 ) (45,749 ) (8,438 ) — (54,859 ) Acquired businesses, net of cash acquired — (1,000 ) (61,306 ) — (62,306 ) Intercompany distributions 10,000 (10,000 ) — — — Investment purchases (8,402 ) — — — (8,402 ) Proceeds from sale of assets — 298 193 — 491 Net cash provided by (used in) investing activities 926 (56,451 ) (69,551 ) — (125,076 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance of common stock 584 — — — 584 Purchase of shares for treasury (72,518 ) — — — (72,518 ) Proceeds from long-term debt 649,568 (253 ) 33,598 — 682,913 Payments of long-term debt (597,613 ) (708 ) (3,813 ) — (602,134 ) Change in short-term borrowings — — 3,138 — 3,138 Financing costs (10,393 ) — (535 ) — (10,928 ) Purchase of ESOP shares (10,000 ) — — — (10,000 ) Tax benefit from exercise/vesting of equity awards, net 273 — — — 273 Dividends paid (9,841 ) 5,000 — — (4,841 ) Other, net 194 54,869 (54,869 ) — 194 Net cash provided by (used in) financing activities (49,746 ) 58,908 (22,481 ) — (13,319 ) CASH FLOWS FROM DISCONTINUED OPERATIONS: Net cash used in discontinued operations — — (1,018 ) — (1,018 ) Effect of exchange rate changes on cash and equivalents — — (1,136 ) — (1,136 ) NET DECREASE IN CASH AND EQUIVALENTS (59,786 ) (5,843 ) (25,064 ) — (90,693 ) CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 68,994 25,343 83,793 — 178,130 CASH AND EQUIVALENTS AT END OF PERIOD $ 9,208 $ 19,500 $ 58,729 $ — $ 87,437

DESCRIPTION OF BUSINESS AND B40

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Details) - 9 months ended Jun. 30, 2015	segmentcompany
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments | segment	3
Number of companies	2

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Investment sales (purchases)		$ 8,891,000	$ 8,891,000	$ (8,402,000)
Gain on settlement of available-for-sale securities		489,000
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax		$ 870,000
Gains recorded in Other Income for settled contracts	$ 281		$ 520
Minimum [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Foreign currency contracts duration			48 days
Maximum [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Foreign currency contracts duration			108 days
Designated as Hedging Instrument [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Contracts Revenue			$ 12,851,000
Contracts Weighted Average Rate Price			$ 1.31
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Before Tax	439,000		$ 439,000
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	307,000		307,000
Gain (loss) recorded in Other Income for settled contracts	78,000		164,000
Canadian Dollar Forward Contracts [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Derivative asset, notional amount	$ 1,698,000		$ 1,698,000
Canadian Dollar Forward Contracts [Member] | Not Designated as Hedging Instrument [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Derivative, average forward exchange rate	1.25		1.25
Fair Value, Inputs, Level 2 [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Insurance contracts fair value	$ 3,285,000		$ 3,285,000
Fair Value, Inputs, Level 2 [Member] | Canadian Dollar Forward Contracts [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments			$ (159,000)
Convertible Notes 2017 [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Debt instrument, interest rate, effective percentage	4.00%		4.00%
Convertible Notes 2017 [Member] | Fair Value, Inputs, Level 1 [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Convertible debt, fair value disclosures	$ 122,250,000		$ 122,250,000
Senior Notes 2022 [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Debt instrument, interest rate, effective percentage	5.25%		5.25%		5.25%
Senior Notes 2022 [Member] | Fair Value, Inputs, Level 1 [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Convertible debt, fair value disclosures	$ 591,000,000		$ 591,000,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Trading securities	1,231,000		1,231,000
Portion at Other than Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
FAIR VALUE MEASUREMENTS (Details) [Line Items]
Trading securities	$ 1,000,000		$ 1,000,000

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($)	Apr. 16, 2015	May. 21, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired				$ 2,225,000	$ 62,306,000
Guarantor Companies [Member]
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired				$ 2,225,000	1,000,000
Babcock Lumber Company Operational Woodmill [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 2,225,000
Cyclone [Member]
Business Acquisition [Line Items]
Business combination, consideration transferred		$ 40,000,000
Business acquisition, transaction costs			$ 1,600,000		1,600,000	$ 763
Northcote Pottery [Member] | Guarantor Companies [Member]
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired			22,000,000
Business acquisition, transaction costs			$ 798,000		$ 798,000

ACQUISITIONS (Details) - Summar

ACQUISITIONS (Details) - Summary of Fair Values of Assets Acquired - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	May. 21, 2014
Business Acquisition [Line Items]
GOODWILL	$ 362,745	$ 375,294
Recent Acquirees [Member]
Business Acquisition [Line Items]
GOODWILL	$ 26,024
Cyclone [Member]
Business Acquisition [Line Items]
Current Assets, net of cash acquired				$ 21,116
PP&E				488
GOODWILL				14,770
Amortizable intangible assets				11,608
Indefinite life intangible assets				3,548
Total assets acquired				51,530
Total liabilities assumed				(12,005)
Net assets acquired				$ 39,525
Northcote [Member]
Business Acquisition [Line Items]
Current Assets, net of cash acquired			$ 7,398
PP&E			1,385
GOODWILL			11,254
Amortizable intangible assets			6,098
Indefinite life intangible assets			3,121
Total assets acquired			29,256
Total liabilities assumed			(7,475)
Net assets acquired			$ 21,781
2014 Acquirees [Member]
Business Acquisition [Line Items]
Current Assets, net of cash acquired		28,514
PP&E		1,873
GOODWILL		26,024
Amortizable intangible assets		17,706
Indefinite life intangible assets		6,669
Total assets acquired		80,786
Total liabilities assumed		(19,480)
Net assets acquired		$ 61,306

ACQUISITIONS (Details) - Summ44

ACQUISITIONS (Details) - Summary of Goodwill and Intangible Asset Classifications - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	May. 21, 2014
Business Acquisition [Line Items]
Goodwill	$ 362,745	$ 375,294
Customer relationships [Member]
Business Acquisition [Line Items]
Amortization Period (Years)	25 years
Recent Acquirees [Member]
Business Acquisition [Line Items]
Goodwill	$ 26,024
Total Goodwill and Intangibles	50,399
Recent Acquirees [Member] | Customer relationships [Member]
Business Acquisition [Line Items]
Amortizable intangible assets	17,706
Recent Acquirees [Member] | Tradenames [Member]
Business Acquisition [Line Items]
Indefinite life intangible assets	$ 6,669
Cyclone [Member]
Business Acquisition [Line Items]
Goodwill				$ 14,770
Indefinite life intangible assets				3,548
Amortizable intangible assets				11,608
Total Goodwill and Intangibles				29,926
Cyclone [Member] | Customer relationships [Member]
Business Acquisition [Line Items]
Amortizable intangible assets				11,608
Cyclone [Member] | Tradenames [Member]
Business Acquisition [Line Items]
Indefinite life intangible assets				$ 3,548
Northcote [Member]
Business Acquisition [Line Items]
Goodwill			$ 11,254
Indefinite life intangible assets			3,121
Amortizable intangible assets			6,098
Total Goodwill and Intangibles			20,473
Northcote [Member] | Customer relationships [Member]
Business Acquisition [Line Items]
Amortizable intangible assets			6,098
Northcote [Member] | Tradenames [Member]
Business Acquisition [Line Items]
Indefinite life intangible assets			$ 3,121

INVENTORIES (Details) - Summary

INVENTORIES (Details) - Summary of Inventories Stated at Lower Cost - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 78,225	$ 75,560
Work in process	79,029	67,866
Finished goods	160,939	146,709
Total	$ 318,193	$ 290,135

PROPERTY, PLANT AND EQUIPMENT46

PROPERTY, PLANT AND EQUIPMENT (Details) - Summary of Property Plant and Equipment - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Gross	$ 906,382	$ 890,983
Accumulated depreciation and amortization	(540,018)	(520,418)
Total	366,364	370,565
Land, building and building improvements [Member]
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Gross	123,874	127,714
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Gross	736,021	720,417
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property Plant And Equipment Gross	$ 46,487	$ 42,852

PROPERTY, PLANT AND EQUIPMENT47

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 15,541	$ 14,766	$ 46,100	$ 44,163
Selling, general and administrative expense [Member]
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 3,257	$ 2,507	$ 9,688	$ 7,743

GOODWILL AND OTHER INTANGIBLE48

GOODWILL AND OTHER INTANGIBLES (Details) - Summary of Changes in Carrying Value of Goodwill $ in Thousands	9 Months Ended
	Jun. 30, 2015USD ($)
Goodwill [Roll Forward]
September 30, 2014	$ 375,294
Other adjustments including currency translations	(12,549)
June 30, 2015	362,745
Home & Building Products [Member]
Goodwill [Roll Forward]
September 30, 2014	291,844
Other adjustments including currency translations	(3,303)
June 30, 2015	288,541
Telephonics [Member]
Goodwill [Roll Forward]
September 30, 2014	18,545
June 30, 2015	18,545
Plastics [Member]
Goodwill [Roll Forward]
September 30, 2014	64,905
Other adjustments including currency translations	(9,246)
June 30, 2015	$ 55,659

GOODWILL AND OTHER INTANGIBLE49

GOODWILL AND OTHER INTANGIBLES (Details) - Summary of Gross Carrying Value and Accumulated Amortization of Intangible Assets - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2015	Sep. 30, 2014
GOODWILL AND OTHER INTANGIBLES (Details) - Summary of Gross Carrying Value and Accumulated Amortization of Intangible Assets [Line Items]
Gross Carrying Amount	$ 178,103	$ 186,782
Accumulated Amortization	42,111	38,593
Trademarks	83,661	85,434
Total intangible assets	261,764	272,216
Customer Relationships [Member]
GOODWILL AND OTHER INTANGIBLES (Details) - Summary of Gross Carrying Value and Accumulated Amortization of Intangible Assets [Line Items]
Gross Carrying Amount	171,959	180,282
Accumulated Amortization	$ 38,676	35,280
Average Life (Years)	25 years
Unpatented Technology [Member]
GOODWILL AND OTHER INTANGIBLES (Details) - Summary of Gross Carrying Value and Accumulated Amortization of Intangible Assets [Line Items]
Gross Carrying Amount	$ 6,144	6,500
Accumulated Amortization	$ 3,435	$ 3,313
Average Life (Years)	13 years

GOODWILL AND OTHER INTANGIBLE50

GOODWILL AND OTHER INTANGIBLES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 1,907	$ 2,028	$ 5,801	$ 5,864

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, provision (benefit) percent	(34.70%)	12.20%	(36.30%)	(38.00%)
Effective income tax rate reconciliation, change in enacted tax rate, amount	$ (250)	$ (1,540)	$ 244	$ (1,860)
Effective income tax rate reconciliation, nondeductible provision (benefit) percent	36.30%	36.60%	35.70%	36.70%

LONG-TERM DEBT (Details) - Summ

LONG-TERM DEBT (Details) - Summary of Long-Term Debt - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Outstanding Balance	$ 859,522	$ 822,571
less: Current portion, Outstanding Balance	(11,771)	(7,886)
Long-term debt, Outstanding Balance	847,751	814,685
Original Issuer Discount	(6,628)	(9,584)
less: Current portion, Original Issuer Discount	0	0
Long-term debt, Original Issuer Discount	(6,628)	(9,584)
Balance Sheet	840,470	799,187
less: Current portion	(11,771)	(7,886)
Long-term debt	828,699	791,301
Capitalized Fees & Expenses	(12,424)	(13,800)
Senior notes due 2022 [Member]
Debt Instrument [Line Items]
Outstanding Balance	600,000	600,000
Original Issuer Discount	0	0
Balance Sheet	591,413	590,447
Capitalized Fees & Expenses	$ (8,587)	$ (9,553)
Coupon Interest Rate	5.25%	5.25%
Revolver due 2019 [Member]
Debt Instrument [Line Items]
Outstanding Balance	$ 65,000	$ 25,000
Original Issuer Discount	0	0
Balance Sheet	62,838	22,991
Capitalized Fees & Expenses	(2,162)	(2,009)
Convert. debt due 2017 [Member]
Debt Instrument [Line Items]
Outstanding Balance	100,000	100,000
Original Issuer Discount	(6,628)	(9,584)
Balance Sheet	92,670	89,382
Capitalized Fees & Expenses	$ (702)	$ (1,034)
Coupon Interest Rate	4.00%	4.00%
Real estate mortgages [Member]
Debt Instrument [Line Items]
Outstanding Balance	$ 15,744	$ 16,388
Original Issuer Discount	0	0
Balance Sheet	15,276	15,812
Capitalized Fees & Expenses	(468)	(576)
ESOP Loans [Member]
Debt Instrument [Line Items]
Outstanding Balance	37,295	38,946
Original Issuer Discount	0	0
Balance Sheet	37,056	38,684
Capitalized Fees & Expenses	(239)	(262)
Capital lease - real estate [Member]
Debt Instrument [Line Items]
Outstanding Balance	7,785	8,551
Original Issuer Discount	0	0
Balance Sheet	7,623	8,370
Capitalized Fees & Expenses	$ (162)	$ (181)
Coupon Interest Rate	5.00%	5.00%
Non U.S. lines of credit [Member]
Debt Instrument [Line Items]
Outstanding Balance	$ 7,116	$ 3,306
Original Issuer Discount	0	0
Balance Sheet	7,108	3,306
Capitalized Fees & Expenses	(8)	0
Non U.S. term loans [Member]
Debt Instrument [Line Items]
Outstanding Balance	24,879	28,470
Original Issuer Discount	0	0
Balance Sheet	24,783	28,309
Capitalized Fees & Expenses	(96)	(161)
Other long term debt [Member]
Debt Instrument [Line Items]
Outstanding Balance	1,703	1,910
Original Issuer Discount	0	0
Balance Sheet	1,703	1,886
Capitalized Fees & Expenses	$ 0	$ (24)

LONG-TERM DEBT (Details) - Su53

LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Effective Interest Rate			6.00%
Cash Interest	$ (10,541)	$ (10,060)	$ (31,041)	$ (32,395)
Amort. Debt Discount	(1,004)	(921)	(2,956)	(2,713)
Amort. Deferred Cost & Other Fees	624	680	1,938	2,076
Total Interest Expense	$ (12,169)	(11,661)	(35,935)	$ (37,184)
Senior notes due 2018 [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Effective Interest Rate				7.40%
Cash Interest			0	$ (15,930)
Amort. Debt Discount			0	0
Amort. Deferred Cost & Other Fees			0	667
Total Interest Expense			$ 0	$ (16,597)
Senior notes due 2022 [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Effective Interest Rate	5.50%		5.50%	5.50%
Cash Interest	$ (7,875)	(7,875)	$ (23,625)	$ (10,675)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	323	310	967	421
Total Interest Expense	(8,198)	(8,185)	(24,592)	(11,096)
Revolver due 2019 [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Cash Interest	(761)	(309)	(1,758)	(782)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	116	144	407	422
Total Interest Expense	$ (877)	$ (453)	$ (2,165)	$ (1,204)
Convert. debt due 2017 [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Effective Interest Rate	9.20%	9.10%	9.10%	9.10%
Cash Interest	$ (1,000)	$ (1,000)	$ (3,000)	$ (3,000)
Amort. Debt Discount	(1,004)	(921)	(2,956)	(2,713)
Amort. Deferred Cost & Other Fees	111	112	332	333
Total Interest Expense	$ (2,115)	$ (2,033)	$ (6,288)	$ (6,046)
Real estate mortgages [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Effective Interest Rate	3.80%	3.80%	3.90%	4.00%
Cash Interest	$ (117)	$ (124)	$ (357)	$ (376)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	36	35	108	108
Total Interest Expense	$ (153)	$ (159)	$ (465)	$ (484)
ESOP Loans [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Effective Interest Rate	2.90%	2.90%	2.90%	3.20%
Cash Interest	$ (255)	$ (192)	$ (769)	$ (524)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	17	25	52	32
Total Interest Expense	$ (272)	$ (217)	$ (821)	$ (556)
Capital lease - real estate [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Effective Interest Rate	5.30%	5.30%	5.30%	5.40%
Cash Interest	$ (100)	$ (112)	$ (308)	$ (345)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	6	5	19	19
Total Interest Expense	(106)	(117)	(327)	(364)
Non U.S. lines of credit [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Cash Interest	(195)	(307)	(445)	(724)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	0	27	0	27
Total Interest Expense	(195)	(334)	(445)	(751)
Non U.S. term loans [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Cash Interest	(324)	(273)	(1,049)	(426)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	14	13	44	17
Total Interest Expense	(338)	(286)	(1,093)	(443)
Other long term debt [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Cash Interest	(12)	(6)	(65)	(17)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	1	9	9	30
Total Interest Expense	(13)	(15)	(74)	(47)
Capitalized interest [Member]
LONG-TERM DEBT (Details) - Summary of Interest Expense Incurred [Line Items]
Cash Interest	(98)	(138)	(335)	(404)
Amort. Debt Discount	0	0	0	0
Amort. Deferred Cost & Other Fees	0	0	0	0
Total Interest Expense	$ (98)	$ (138)	$ (335)	$ (404)

LONG-TERM DEBT (Details)

LONG-TERM DEBT (Details)	Mar. 13, 2015USD ($)	Feb. 27, 2014USD ($)	Dec. 21, 2009USD ($)	Jul. 31, 2014USD ($)	May. 31, 2014USD ($)	Dec. 31, 2013USD ($)loan	Nov. 30, 2010EUR (€)	Jun. 30, 2015USD ($)	Jun. 30, 2015CAD	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	Jun. 30, 2014CAD	Sep. 30, 2014USD ($)	Sep. 30, 2011EUR (€)	Sep. 30, 2007USD ($)	Jun. 30, 2015AUDline_of_credit	Jun. 30, 2015USD ($)line_of_credit$ / shares	Jun. 30, 2015CADline_of_credit	Jun. 30, 2014AUD	Jun. 30, 2014USD ($)	May. 31, 2014AUDloan	Feb. 14, 2014USD ($)	Oct. 21, 2013USD ($)property
Debt Instrument [Line Items]
Face amount																					$ 21,098,000			$ 17,175,000
Payment of tender offer premium											$ 31,530,000
Interest paid								$ 10,541,000		$ 10,060,000	31,041,000	$ 32,395,000
Underwriting fees and other expense capitalized														$ 10,313,000
Loss from debt extinguishment, net								0		$ 0	0	(38,890,000)
Write off of deferred debt issuance cost											6,574,000
Prepaid interest on defeased note on extinguishment of debt											$ 786,000
Maximum percentage of equity interest of subsidiaries borrowings guaranteed											65.00%
Line of credit facility, amount outstanding																		$ 17,200,000
Number of properties refinanced | property																								2
Debt instrument, description of variable rate basis															The revolving credit facility accrues interest at EURIBOR plus 2.20% per annum (2.20% at June 30, 2015).
Debt instrument, basis spread on variable rate										1.30%	2.20%
Long-term debt, gross														822,571,000				859,522,000
Number of refinanced ESOP loan | loan						2
Number of new term loan refinance from esop loans | loan						1
Amount of line note available to purchase common stock in open market						$ 10,000,000
Shares purchased for award value											$ 20,000,000
Shares purchased for award value (usd per share) | $ / shares											$ 12.57
Stock Issued During Period, Shares, Employee Stock Ownership Plan | shares											1,591,117
Proceeds from issuance of long-term debt											$ 121,523,000	682,913,000
Capital lease maturity year																2,022
Long-term debt, percentage bearing fixed interest, percentage rate																5.00%
Debt instrument, interest rate during period											6.00%
Northcote Holdings Pty. Ltd [Member]
Debt Instrument [Line Items]
Line of credit facility, amount outstanding																		$ 0
Debt instrument, number of loans																	2	2	2			2
Convert. debt due 2017 [Member]
Debt Instrument [Line Items]
Face amount			$ 100,000,000
Debt instrument, interest rate, stated percentage			4.00%
Debt instrument, convertible, conversion ratio											69.3811
Debt conversion, converted instrument, amount														1,000
Debt instrument, convertible, conversion price (in Dollars per share) | $ / shares																		$ 14.41
Debt instrument, convertible, terms of conversion feature			1.00%
Debt Instrument, Convertible, Conversion Price Adjustment | $ / shares																		$ 0.04
Debt Instrument, Convertible, Conversion Ratio Adjustment																	0.25%	0.25%	0.25%
Debt instrument, convertible, if-converted value in excess of principal											$ 15,720,000
LIBOR Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate during period	2.25%
Revolver due 2019 [Member]
Debt Instrument [Line Items]
Line of credit facility, amount outstanding																		$ 65,000,000
Line of credit facility, remaining borrowing capacity																		$ 167,800,000
Revolver due 2019 [Member] | Letter Of Credit Subfacility [Member]
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity	$ 50,000																						$ 60,000,000
Revolver due 2019 [Member] | Multicurrency Subfacility [Member]
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity																							50,000,000
Revolver due 2019 [Member] | Margin Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate during period	1.25%
Revolver Due 2020 [Member]
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity	$ 250,000
Convertible Notes 2017 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, effective percentage																	4.00%	4.00%	4.00%
Senior notes due 2022 [Member]
Debt Instrument [Line Items]
Face amount		$ 600,000,000
Debt instrument, interest rate, stated percentage		5.25%
Interest paid								$ 7,875,000		$ 7,875,000	$ 23,625,000	$ 10,675,000
Long-term debt, gross														$ 600,000,000				$ 600,000,000
Debt instrument, interest rate during period								5.50%	5.50%		5.50%	5.50%	5.50%
Debt instrument, interest rate, effective percentage														5.25%			5.25%	5.25%	5.25%
Senior notes due 2018 [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage																	7.125%	7.125%	7.125%
Interest paid											$ 0	$ 15,930,000
Loss from debt extinguishment, net								$ (38,890,000)
Debt instrument, interest rate during period												7.40%	7.40%
Senior Notes [Member]
Debt Instrument [Line Items]
Interest paid											16,716,000
Real estate mortgages [Member]
Debt Instrument [Line Items]
Interest paid								$ 117,000		$ 124,000	$ 357,000	$ 376,000
Debt instrument, description of variable rate basis											The loans bear interest at a rate of LIBOR plus 2.75%
Debt instrument, basis spread on variable rate											2.25%
Long-term debt, gross														$ 16,388,000				$ 15,744,000
Debt instrument, interest rate during period								3.80%	3.80%	3.80%	3.90%	4.00%	4.00%
ESOP Loans [Member]
Debt Instrument [Line Items]
Interest paid								$ 255,000		$ 192,000	$ 769,000	$ 524,000
Debt instrument, basis spread on variable rate											2.38%
Long-term debt, gross														38,946,000				37,295,000
Debt instrument, periodic payment, principal											$ 551,000
Debt instrument balloon payment											$ 30,137,000
Debt instrument, interest rate during period								2.90%	2.90%	2.90%	2.90%	3.20%	3.20%
ESOP Loan July 2014 [Member]
Debt Instrument [Line Items]
Amount of line note available to purchase common stock in open market				$ 10,000,000
ESOP Loan July 2014 [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate											2.38%
Term Loan December 2013 and May 2014 [Member] | Northcote Holdings Pty. Ltd [Member]
Debt Instrument [Line Items]
Line of credit facility, amount outstanding																		$ 24,783,000
Debt instrument, basis spread on variable rate										2.80%
Debt instrument, interest rate, effective percentage																	4.96%	4.96%	4.96%
Term Loan [Member]
Debt Instrument [Line Items]
Proceeds from long-term lines of credit | €							€ 20,000,000
Debt instrument, interest rate, effective percentage																	2.20%	2.20%	2.20%
Term Loan [Member] | Northcote Holdings Pty. Ltd [Member]
Debt Instrument [Line Items]
Face amount | AUD																				AUD 12,500,000
Term Loan [Member] | Brazilian CDI [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate during period											19.64%
Term Loan May 2014 [Member] | Northcote Holdings Pty. Ltd [Member]
Debt Instrument [Line Items]
Face amount | AUD																						AUD 20,000,000
Debt instrument, periodic payment, principal					$ 625,000
Capital lease - real estate [Member]
Debt Instrument [Line Items]
Interest paid								$ 100,000		$ 112,000	$ 308,000	$ 345,000
Long-term debt, gross														$ 8,551,000				$ 7,785,000
Proceeds from issuance of long-term debt																$ 14,290,000
Debt instrument, interest rate during period								5.30%	5.30%	5.30%	5.30%	5.40%	5.40%
Debt instrument, interest rate, effective percentage														5.00%			5.00%	5.00%	5.00%
Revolver Due 2013 [Member]
Debt Instrument [Line Items]
Proceeds from long-term lines of credit | €															€ 10,000,000
Non U.S. term loans [Member]
Debt Instrument [Line Items]
Interest paid								$ 324,000		$ 273,000	$ 1,049,000	$ 426,000
Line of credit facility, amount outstanding																		$ 2,769,000
Long-term debt, gross														$ 28,470,000				24,879,000
Maintains maximum amount of line of credit																		4,125,000
Non U.S. lines of credit [Member]
Debt Instrument [Line Items]
Interest paid								195,000		307,000	445,000	724,000
Line of credit facility, amount outstanding																		4,347,000	CAD 5,355,000
Long-term debt, gross														3,306,000				7,116,000
Proceeds from long-term lines of credit								7,829,000	CAD 9,645,000				CAD 15,000,000
Non U.S. lines of credit [Member] | Line of Credit One [Member] | Northcote Holdings Pty. Ltd [Member]
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity																		$ 3,000,000
Debt instrument, basis spread on variable rate						2.25%
Debt instrument, interest rate, effective percentage																	4.41%	4.41%	4.41%
Non U.S. lines of credit [Member] | Line of Credit Two [Member] | Northcote Holdings Pty. Ltd [Member]
Debt Instrument [Line Items]
Line of credit facility, current borrowing capacity																	AUD 5,000,000	$ 5,000,000
Debt instrument, basis spread on variable rate					2.50%
Debt instrument, interest rate, effective percentage																	4.66%	4.66%	4.66%
Non U.S. lines of credit [Member] | LIBOR Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate at period end																	1.58%	1.58%	1.58%
Non U.S. lines of credit [Member] | Bankers Acceptance Rate [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate at period end																	2.22%	2.22%	2.22%
Revolver due 2019 [Member]
Debt Instrument [Line Items]
Interest paid								$ 761,000		$ 309,000	$ 1,758,000	$ 782,000
Line of credit facility, current borrowing capacity																							$ 225,000,000
Long-term debt, gross														$ 25,000,000				$ 65,000,000
Senior notes due 2018 [Member] | Senior Notes [Member] | Senior Notes 2022 [Member]
Debt Instrument [Line Items]
Face amount		$ 550,000,000
Debt instrument, interest rate, stated percentage		7.125%
Payment of tender offer premium		$ 31,530,000
Fair Value, Inputs, Level 1 [Member] | Convertible Notes 2017 [Member]
Debt Instrument [Line Items]
Convertible debt, fair value disclosures																		122,250,000
Fair Value, Inputs, Level 1 [Member] | Senior notes due 2022 [Member]
Debt Instrument [Line Items]
Convertible debt, fair value disclosures																		$ 591,000,000

EARNINGS PER SHARE (EPS) (Detai

EARNINGS PER SHARE (EPS) (Details) - Summary of Reconciliation of Share Amounts Used in Earnings Per Share - shares shares in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average shares outstanding - basic	44,025	48,370	45,228	50,038
Incremental shares from stock based compensation	2,056	1,466	1,929	0
Convertible debt due 2017	899	0	128	0
Weighted average shares outstanding - diluted	46,980	49,836	47,285	50,038
Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive restricted stock excluded from diluted EPS computation	480	643	514	643
Restricted stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive restricted stock excluded from diluted EPS computation	0	0	0	1,609

SHAREHOLDERS' EQUITY (Details)

SHAREHOLDERS' EQUITY (Details) - USD ($)	Jul. 30, 2015	Jan. 30, 2014	Jul. 29, 2015	Dec. 31, 2013	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Sep. 30, 2014	Jun. 30, 2015	Mar. 20, 2015	May. 31, 2014	Dec. 10, 2013
SHAREHOLDERS' EQUITY (Details) [Line Items]
Common stock, dividends, per share, cash paid (in Dollars per share)					$ 0.04			$ 0.03	$ 0.12	$ 0.09	$ 0.12
Number of additional shares authorized for awards (in Shares)		1,200,000
Share-based compensation arrangement by share-based payment award, description									Options granted under the Incentive Plan may be either “incentive stock options” or nonqualified stock options, generally expire ten years after the date of grant and are granted at an exercise price of not less than 100% of the fair market value at the date of grant.
Share-based compensation arrangement by share-based payment award, expiration period									10 years
Maximum percentage of exercise price at grand date fair value									100.00%
Stock-based compensation					$ 2,931,000			$ 3,137,000	$ 8,303,000	$ 8,133,000
Stock repurchase program, authorized amount														$ 50,000,000	$ 50,000,000
Stock Repurchase Program, Additional Authorized Amount													$ 50,000
Stock Repurchased During Period, Shares			630,185	4,444,444	1,234,214				3,840,455,000			10,835,317
Stock repurchased during period, value			$ 10,109,000		$ 20,628,000				$ 57,126,000			$ 129,323,000
Stock repurchased during period per share (in Dollars per share)				$ 11.25	$ 16.71				$ 14.87			$ 11.94
Stock repurchase program, remaining authorized repurchase amount	$ 71,625,000		$ 21,625,000		$ 31,734,000				$ 31,734,000			$ 31,734,000
Shares paid for tax withholding for share based compensation (in Shares)					76,786		761
Shares paid for tax withholding for share based compensation, value					$ 1,092,000		$ 12,000
Shares paid for tax withholding for share based compensation, value per share (in Dollars per share)					$ 14.22		$ 16.32
Stock repurchase during period stock closing price discount percent				9.20%
Stock repurchase program, number of shares authorized to be repurchased (in Shares)								5,560,000		5,560,000
Stock repurchase program number of shares authorized to be repurchased percent								10.00%		10.00%
Subsequent Event [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Dividends declared, amount per share (in Dollars per share)	$ 0.04
Stock Repurchase Program, Additional Authorized Amount	$ 50,000
Incentive Plan [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Number of shares authorized for award (in Shares)					4,200,000				4,200,000			4,200,000
New shares issued (in Shares)					600,000
Incentive Stock Options [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Number of shares available for grant (in Shares)					401,185				401,185			401,185
2006 Equity Incentive Plan [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Share based compensation arrangement by share based payment award equity instruments other than options additional grants in future (in Shares)					0				0			0
Restricted Stock [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Equity instruments other than options, grants in period (in Shares)					14,060	201,399	462,032
Award vesting period					3 years
Equity instruments other than options, vested in period, fair value					$ 230,000	$ 2,805,000	$ 5,775,000
Equity instruments other than options, grants in period, weighted average grant date fair value (in Dollars per share)					$ 16.38	$ 13.93	$ 12.50
Performance Shares [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Equity instruments other than options, grants in period (in Shares)							458,016
Subject to Performance Conditions [Member] | Restricted Stock [Member]
SHAREHOLDERS' EQUITY (Details) [Line Items]
Equity instruments other than options, grants in period (in Shares)						146,699

BUSINESS SEGMENTS (Details) - S

BUSINESS SEGMENTS (Details) - Summary of Reconciliation of Segment Profit Before Taxes and Operations - USD ($)	1 Months Ended		3 Months Ended				9 Months Ended
	Sep. 30, 2014	Jan. 31, 2013	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2015	Jun. 30, 2014
Home & Building Products:
Revenue			$ 511,694,000	$ 505,039,000			$ 1,513,874,000	$ 1,466,184,000
Segment operating profit:
Segment operating profit			27,914,000	21,814,000			72,816,000	58,468,000
Net interest expense			(12,150,000)	(11,541,000)			(35,644,000)	(37,003,000)
Unallocated amounts			(9,008,000)	(6,521,000)			(24,852,000)	(22,895,000)
Income before taxes			16,693,000	12,894,000			36,893,000	(13,115,000)
Segment adjusted EBITDA:
Segment adjusted EBITDA			55,182,000	49,605,000			148,945,000	139,686,000
Net interest expense			(12,150,000)	(11,541,000)			(35,644,000)	(37,003,000)
Consolidated depreciation and amortization			17,448,000	16,795,000			51,901,000	50,027,000
Unallocated amounts			(9,008,000)	(6,521,000)			(24,852,000)	(22,895,000)
Restructuring charges			0	(358,000)	$ (692,000)	$ (842,000)	0	(1,892,000)
Acquisition costs			0	(1,600,000)			0	(2,398,000)
Segment:
Capital expenditures			15,652,000	20,014,000			55,365,000	54,859,000
Ames True Temper Inc [Member]
Home & Building Products:
Revenue			140,614,000	132,179,000			432,816,000	389,492,000
Segment adjusted EBITDA:
Restructuring charges		$ (7,941,000)
Clopay Building Products [Member]
Home & Building Products:
Revenue			131,577,000	121,814,000			374,690,000	334,494,000
Home And Building Products [Member]
Home & Building Products:
Revenue			272,191,000	253,993,000			807,506,000	723,986,000
Segment operating profit:
Segment operating profit			16,268,000	9,747,000			41,288,000	27,958,000
Segment adjusted EBITDA:
Segment adjusted EBITDA			25,386,000	19,596,000			67,186,000	55,787,000
Consolidated depreciation and amortization			9,118,000	7,891,000			25,898,000	23,539,000
Restructuring charges				(358,000)				(1,892,000)
Segment:
Capital expenditures			8,644,000	8,194,000			30,019,000	23,384,000
Telephonics [Member]
Home & Building Products:
Revenue			115,340,000	102,446,000			304,685,000	302,656,000
Segment operating profit:
Segment operating profit			13,284,000	13,134,000			29,915,000	34,463,000
Segment adjusted EBITDA:
Segment adjusted EBITDA			15,712,000	15,087,000			37,360,000	40,018,000
Consolidated depreciation and amortization			2,428,000	1,953,000			7,445,000	5,555,000
Restructuring charges	$ (4,244)
Segment:
Capital expenditures			1,644,000	6,082,000			3,952,000	14,969,000
Plastics [Member]
Home & Building Products:
Revenue			124,163,000	148,600,000			401,683,000	439,542,000
Segment operating profit:
Segment operating profit			8,299,000	8,075,000			26,186,000	23,252,000
Segment adjusted EBITDA:
Segment adjusted EBITDA			14,084,000	14,922,000			44,399,000	43,881,000
Consolidated depreciation and amortization			5,785,000	6,847,000			18,213,000	20,629,000
Segment:
Capital expenditures			4,820,000	5,063,000			19,985,000	15,213,000
Operating Segments [Member]
Segment operating profit:
Segment operating profit			37,851,000	30,956,000			97,389,000	85,673,000
Segment adjusted EBITDA:
Consolidated depreciation and amortization			17,331,000	16,691,000			51,556,000	49,723,000
Segment:
Capital expenditures			15,108,000	19,339,000			53,956,000	53,566,000
Corporate, Non-Segment [Member]
Segment adjusted EBITDA:
Consolidated depreciation and amortization			117,000	104,000			345,000	304,000
Segment:
Capital expenditures			$ 544,000	$ 675,000			$ 1,409,000	$ 1,293,000

BUSINESS SEGMENTS (Details) -58

BUSINESS SEGMENTS (Details) - Summary of Segment Assets - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Segment assets:
Continuing Assets	$ 1,717,996	$ 1,806,259
Assets of discontinued operations	3,756	3,750
Total Assets	1,721,752	1,810,009
Home And Building Products [Member]
Segment assets:
Continuing Assets	1,062,188	1,033,453
Telephonics [Member]
Segment assets:
Continuing Assets	296,937	319,327
Plastics [Member]
Segment assets:
Continuing Assets	348,743	389,464
Operating Segments [Member]
Segment assets:
Continuing Assets	1,707,868	1,742,244
Corporate, Non-Segment [Member]
Segment assets:
Continuing Assets	$ 10,128	$ 64,015

DEFINED BENEFIT PENSION EXPEN59

DEFINED BENEFIT PENSION EXPENSE (Details) - Summary of Defined Benefit Pension Expense - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 0	$ 0	$ 0	$ 90
Interest cost	2,207	2,416	6,621	7,415
Expected return on plan assets	(2,932)	(2,820)	(8,796)	(8,590)
Amortization:
Prior service cost	4	4	12	11
Recognized actuarial loss	541	485	1,623	1,463
Net periodic expense (income)	$ (180)	$ 85	$ (540)	$ 389

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - Summary of Discontinued Operations - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Assets of discontinued operations:
Prepaid and other current assets	$ 1,625	$ 1,624
Other long-term assets	2,131	2,126
Total assets of discontinued operations	3,756	3,750
Liabilities of discontinued operations:
Accrued liabilities, current	2,392	3,282
Other long-term liabilities	3,244	3,830
Total liabilities of discontinued operations	$ 5,636	$ 7,112

DISCONTINUED OPERATIONS (Deta61

DISCONTINUED OPERATIONS (Details) - USD ($)	9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]
Installation Services revenue	$ 0	$ 0

RESTRUCTURING AND OTHER RELAT62

RESTRUCTURING AND OTHER RELATED CHARGES (Details)	1 Months Ended		3 Months Ended				9 Months Ended
	Sep. 30, 2014USD ($)position	Jan. 31, 2013USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 0	$ (358,000)	$ (692,000)	$ (842,000)	$ 0	$ (1,892,000)
Telephonics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ (4,244)
Number of positions eliminated | position	80
Home And Building Products [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges				$ (358,000)				$ (1,892,000)
Ames True Temper Inc [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ (7,941,000)
Ames True Temper Inc [Member] | Capital Expenditures [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, cost incurred to date		19,964,000
Ames True Temper Inc [Member] | Cash Charges [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(4,016,000)
Ames True Temper Inc [Member] | Asset Impairment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(3,925,000)
Ames True Temper Inc [Member] | One-time Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		(2,622,000)
Ames True Temper Inc [Member] | Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ (1,394,000)

RESTRUCTURING AND OTHER RELAT63

RESTRUCTURING AND OTHER RELATED CHARGES (Details) - Summary of Accrued Liability for the Restructuring and Related Charges - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2015	Jun. 30, 2014
Amounts incurred in:
Amount incurred in	$ 0	$ 358	$ 692	$ 842	$ 0	$ 1,892
Workforce Reduction [Member]
Amounts incurred in:
Amount incurred in	289	495		638		1,422
Restructuring Reserve [Roll Forward]
Accrued liability					5,228
Payments					(4,396)
Accrued liability	832				$ 832
Facilities & Exit Costs [Member]
Amounts incurred in:
Amount incurred in	47	137		95		279
Other [Member]
Amounts incurred in:
Amount incurred in	$ 22	$ 60		$ 109		$ 191

OTHER EXPENSE (Details)

OTHER EXPENSE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Income and Expenses [Abstract]
Foreign currency transaction gain (loss), before tax	$ 722	$ 365	$ (803)	$ 1,044
Investment income, net	$ (36)	$ 1,437	$ 527	$ 1,563

WARRANTY LIABILITY (Details)

WARRANTY LIABILITY (Details)	9 Months Ended
	Jun. 30, 2015
Telephonics [Member] | Minimum [Member]
WARRANTY LIABILITY (Details) [Line Items]
Product Warranty Period	1 year
Telephonics [Member] | Maximum [Member]
WARRANTY LIABILITY (Details) [Line Items]
Product Warranty Period	2 years
Ames True Temper Inc [Member]
WARRANTY LIABILITY (Details) [Line Items]
Product Warranty Period	90 days

WARRANTY LIABILITY (Details) -

WARRANTY LIABILITY (Details) - Summary of Changes in Warrant Liability Included in Accrued Liabilities - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance, beginning of period			$ 4,934	$ 6,649
Warranties issued and changes in estimated pre-existing warranties	$ 1,057	$ 576	3,848	2,677
Actual warranty costs incurred	(1,803)	(1,199)	(3,854)	(2,838)
Balance, end of period	$ 4,928	$ 6,488	$ 4,928	$ 6,488

OTHER COMPREHENSIVE INCOME (L67

OTHER COMPREHENSIVE INCOME (LOSS) (Details) - Summary of Other Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pre-tax
Foreign currency translation adjustments	$ 4,801	$ 2,809	$ (41,083)	$ 896
Pension and other defined benefit plans	545	491	1,635	2,682
Gain on cash flow hedge	278	0	74	0
Available-for-sale securities			(1,370)	0
Total other comprehensive income (loss)	5,624	3,300	(40,744)	3,578
Tax
Pension and other defined benefit plans	(192)	(174)	(576)	(950)
Gain on cash flow hedge	(69)	0	(19)	0
Available-for-sale securities			500	0
Total other comprehensive income (loss)	(261)	(174)	(95)	(950)
Net of tax
Foreign currency translation adjustments	4,801	2,809	(41,083)	896
Pension and other defined benefit plans	353	317	1,059	1,732
Gain on cash flow hedge	209	0	55	0
Available-for-sale securities	0	0	(870)	0
Total other comprehensive income (loss), net of taxes	$ 5,363	$ 3,126	$ (40,839)	$ 2,628

OTHER COMPREHENSIVE INCOME (L68

OTHER COMPREHENSIVE INCOME (LOSS)-AOCI (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014
Class of Stock [Line Items]
Accumulated other comprehensive income (loss)	$ (70,903)	$ (30,064)
Foreign currency translation adjustments [Member]
Class of Stock [Line Items]
Accumulated other comprehensive income (loss)	(44,903)	(3,820)
Pension and other defined benefit plans [Member]
Class of Stock [Line Items]
Accumulated other comprehensive income (loss)	(26,307)	(27,366)
Gain on cash flow hedge [Member]
Class of Stock [Line Items]
Accumulated other comprehensive income (loss)	307	252
Available-for-sale securities [Member]
Class of Stock [Line Items]
Accumulated other comprehensive income (loss)	$ 0	$ 870

OTHER COMPREHENSIVE INCOME (L69

OTHER COMPREHENSIVE INCOME (LOSS)- Total comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity [Abstract]
Net income	$ 10,893	$ 14,464	$ 23,486	$ (8,125)
Other comprehensive income (loss), net of taxes	5,363	3,126	(40,839)	2,628
Comprehensive loss	$ 16,256	$ 17,590	$ (17,353)	$ (5,497)

OTHER COMPREHENSIVE INCOME (L70

OTHER COMPREHENSIVE INCOME (LOSS) (Details) - Summary of Amounts Reclassified from Accumulated Other Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Pension amortization	$ (545)	$ (491)	$ (1,635)	$ (2,682)
Cash flow hedges	100	0	520	0
Available-for-sale securities	0	0	1,370	0
Total gain (loss)	(445)	(491)	255	(2,682)
Tax benefit (expense)	(162)	(174)	80	(950)
Amounts reclassified from accumulated other comprehensive income (loss)	$ (283)	$ (317)	$ 175	$ (1,732)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Jun. 30, 2015	Feb. 28, 2011	Apr. 30, 2009
Commitments and Contingencies Disclosure [Abstract]
Net capital cost value			$ 5,000,000
Obligation under consent order		$ 0
Net capital cost value in proposed remedial action plan		$ 10,000,000
Loss contingency claim asserted	$ 0

CONSOLIDATING GUARANTOR AND N72

CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details) - Jun. 30, 2015	Total
Consolidating Guarantor And Non Guarantor Financial Information [Abstract]
Noncontrolling interest, ownership percentage by parent	100.00%
Maximum percentage of segment adjusted EBITDA to business EBITDA	50.00%

CONSOLIDATING GUARANTOR AND N73

CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details) - Summary of Condensed Consolidating Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
CURRENT ASSETS
Cash and equivalents	$ 45,955	$ 92,405	$ 87,437	$ 178,130	$ 178,130
Accounts receivable, net of allowances	240,189	258,436
Contract costs and recognized income not yet billed, net of progress payments	104,011	109,930
Inventories, net	318,193	290,135
Prepaid and other current assets	46,747	62,569
Assets of discontinued operations	1,625	1,624
Total Current Assets	756,720	815,099
PROPERTY, PLANT AND EQUIPMENT, net	366,364	370,565
GOODWILL	362,745	375,294
INTANGIBLE ASSETS, net	219,653	233,623
INTERCOMPANY RECEIVABLE	0	0
EQUITY INVESTMENTS IN SUBSIDIARIES	0	0
OTHER ASSETS	14,139	13,302
ASSETS OF DISCONTINUED OPERATIONS	2,131	2,126
Total Assets	1,721,752	1,810,009
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	11,771	7,886
Accounts payable and accrued liabilities	274,598	323,443
Liabilities of discontinued operations	2,392	3,282
Total Current Liabilities	288,761	334,611
LONG-TERM DEBT, net of debt discounts	828,699	791,301
INTERCOMPANY PAYABLES	0	0
OTHER LIABILITIES	138,800	148,240
LIABILITIES OF DISCONTINUED OPERATIONS	3,244	3,830
Total Liabilities	1,259,504	1,277,982
Total Shareholders’ Equity	462,248	532,027
Total Liabilities and Shareholders’ Equity	1,721,752	1,810,009
Parent Company [Member]
CURRENT ASSETS
Cash and equivalents	4,736	6,813	9,208		68,994
Accounts receivable, net of allowances	0	0
Contract costs and recognized income not yet billed, net of progress payments	0	0
Inventories, net	0	0
Prepaid and other current assets	11,960	4,366
Assets of discontinued operations	0	0
Total Current Assets	16,696	11,179
PROPERTY, PLANT AND EQUIPMENT, net	1,142	1,327
GOODWILL	0	0
INTANGIBLE ASSETS, net	93	0
INTERCOMPANY RECEIVABLE	587,567	540,080
EQUITY INVESTMENTS IN SUBSIDIARIES	757,858	780,600
OTHER ASSETS	41,319	27,880
ASSETS OF DISCONTINUED OPERATIONS	0	0
Total Assets	1,404,675	1,361,066
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	2,203	2,202
Accounts payable and accrued liabilities	33,668	25,703
Liabilities of discontinued operations	0	0
Total Current Liabilities	35,871	27,905
LONG-TERM DEBT, net of debt discounts	781,774	738,360
INTERCOMPANY PAYABLES	60,428	21,573
OTHER LIABILITIES	59,213	41,201
LIABILITIES OF DISCONTINUED OPERATIONS	0	0
Total Liabilities	937,286	829,039
Total Shareholders’ Equity	467,389	532,027
Total Liabilities and Shareholders’ Equity	1,404,675	1,361,066
Guarantor Companies [Member]
CURRENT ASSETS
Cash and equivalents	12,893	31,522	19,500		25,343
Accounts receivable, net of allowances	214,674	213,922
Contract costs and recognized income not yet billed, net of progress payments	103,860	109,804
Inventories, net	255,192	219,326
Prepaid and other current assets	24,806	26,319
Assets of discontinued operations	0	0
Total Current Assets	611,425	600,893
PROPERTY, PLANT AND EQUIPMENT, net	274,343	270,519
GOODWILL	284,875	284,875
INTANGIBLE ASSETS, net	153,432	156,772
INTERCOMPANY RECEIVABLE	981,607	892,433
EQUITY INVESTMENTS IN SUBSIDIARIES	644,539	662,403
OTHER ASSETS	50,321	53,896
ASSETS OF DISCONTINUED OPERATIONS	0	0
Total Assets	3,000,542	2,921,791
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	1,176	1,144
Accounts payable and accrued liabilities	$ 196,298	227,419
Liabilities of discontinued operations		0
Total Current Liabilities	$ 197,474	228,563
LONG-TERM DEBT, net of debt discounts	6,745	7,806
INTERCOMPANY PAYABLES	944,302	815,094
OTHER LIABILITIES	155,397	151,674
LIABILITIES OF DISCONTINUED OPERATIONS	0	0
Total Liabilities	1,303,918	1,203,137
Total Shareholders’ Equity	1,696,624	1,718,654
Total Liabilities and Shareholders’ Equity	3,000,542	2,921,791
Non-Guarantor Companies [Member]
CURRENT ASSETS
Cash and equivalents	28,326	54,070	58,729		83,793
Accounts receivable, net of allowances	62,298	77,218
Contract costs and recognized income not yet billed, net of progress payments	151	126
Inventories, net	63,001	70,537
Prepaid and other current assets	12,616	17,101
Assets of discontinued operations	1,625	1,624
Total Current Assets	168,017	220,676
PROPERTY, PLANT AND EQUIPMENT, net	90,879	98,643
GOODWILL	77,870	90,419
INTANGIBLE ASSETS, net	66,128	76,851
INTERCOMPANY RECEIVABLE	226,066	213,733
EQUITY INVESTMENTS IN SUBSIDIARIES	1,757,687	1,782,406
OTHER ASSETS	9,948	6,739
ASSETS OF DISCONTINUED OPERATIONS	2,131	2,126
Total Assets	2,398,726	2,491,593
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	8,392	4,540
Accounts payable and accrued liabilities	68,430	91,132
Liabilities of discontinued operations	2,392	3,282
Total Current Liabilities	79,214	98,954
LONG-TERM DEBT, net of debt discounts	40,180	45,135
INTERCOMPANY PAYABLES	742,973	762,192
OTHER LIABILITIES	26,185	26,949
LIABILITIES OF DISCONTINUED OPERATIONS	3,244	3,830
Total Liabilities	891,796	937,060
Total Shareholders’ Equity	1,506,930	1,554,533
Total Liabilities and Shareholders’ Equity	2,398,726	2,491,593
Elimination [Member]
CURRENT ASSETS
Cash and equivalents	0	0	$ 0		$ 0
Accounts receivable, net of allowances	(36,783)	(32,704)
Contract costs and recognized income not yet billed, net of progress payments	0	0
Inventories, net	0	272
Prepaid and other current assets	(2,635)	14,783
Assets of discontinued operations	0	0
Total Current Assets	(39,418)	(17,649)
PROPERTY, PLANT AND EQUIPMENT, net	0	76
GOODWILL	0	0
INTANGIBLE ASSETS, net	0	0
INTERCOMPANY RECEIVABLE	(1,795,240)	(1,646,246)
EQUITY INVESTMENTS IN SUBSIDIARIES	(3,160,084)	(3,225,409)
OTHER ASSETS	(87,449)	(75,213)
ASSETS OF DISCONTINUED OPERATIONS	0	0
Total Assets	(5,082,191)	(4,964,441)
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	0	0
Accounts payable and accrued liabilities	(23,798)	(20,811)
Liabilities of discontinued operations	0	0
Total Current Liabilities	(23,798)	(20,811)
LONG-TERM DEBT, net of debt discounts	0	0
INTERCOMPANY PAYABLES	(1,747,703)	(1,598,859)
OTHER LIABILITIES	(101,995)	(71,584)
LIABILITIES OF DISCONTINUED OPERATIONS	0	0
Total Liabilities	(1,873,496)	(1,691,254)
Total Shareholders’ Equity	(3,208,695)	(3,273,187)
Total Liabilities and Shareholders’ Equity	$ (5,082,191)	$ (4,964,441)

CONSOLIDATING GUARANTOR AND N74

CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details) - Summary of Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2015	Jun. 30, 2014
Condensed Income Statements, Captions [Line Items]
Revenue	$ 511,694	$ 505,039			$ 1,513,874	$ 1,466,184
Cost of goods and services	388,205	386,732			1,158,021	1,132,387
Gross profit	123,489	118,307			355,853	333,797
Selling, general and administrative expenses	95,575	96,135			283,037	273,437
Restructuring and other related charges	0	358	$ 692	$ 842	0	1,892
Total operating expenses	95,575	96,493			283,037	275,329
Income from operations	27,914	21,814			72,816	58,468
Other income (expense)
Interest income (expense), net	(12,150)	(11,541)			(35,644)	(37,003)
Loss from debt extinguishment, net	0	0			0	(38,890)
Other, net	929	2,621			(279)	4,310
Total other expense, net	(11,221)	(8,920)			(35,923)	(71,583)
Income (loss) before taxes	16,693	12,894			36,893	(13,115)
Provision (benefit) for income taxes	5,800	(1,570)			13,407	(4,990)
Income (loss) before equity in net income of subsidiaries	10,893	14,464			23,486	(8,125)
Equity in net income (loss) of subsidiaries	0	0			0	0
Net income (loss)	10,893	14,464			23,486	(8,125)
Foreign currency translation adjustments	4,801	2,809			(41,083)	896
Other comprehensive income (loss), net of taxes	5,363	3,126			(40,839)	2,628
Comprehensive income (loss), net	16,256	17,590			(17,353)	(5,497)
Parent Company [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	0	0			0	0
Cost of goods and services	0	0			0	0
Gross profit	0	0			0	0
Selling, general and administrative expenses	5,978	7,034			16,799	20,525
Restructuring and other related charges		0				0
Total operating expenses	5,978	7,034			16,799	20,525
Income from operations	(5,978)	(7,034)			(16,799)	(20,525)
Other income (expense)
Interest income (expense), net	(2,402)	(1,750)			(6,530)	(8,240)
Loss from debt extinguishment, net		0				(38,890)
Other, net	(26)	1,436			541	1,563
Total other expense, net	(2,428)	(314)			(5,989)	(45,567)
Income (loss) before taxes	(8,406)	(7,348)			(22,788)	(66,092)
Provision (benefit) for income taxes	(3,194)	(9,322)			(8,659)	(24,901)
Income (loss) before equity in net income of subsidiaries	(5,212)	1,974			(14,129)	(41,191)
Equity in net income (loss) of subsidiaries	16,105	12,490			37,615	33,066
Net income (loss)	10,893	14,464			23,486	(8,125)
Other comprehensive income (loss), net of taxes	5,363	3,126			(40,839)	2,628
Comprehensive income (loss), net	16,256	17,590			(17,353)	(5,497)
Guarantor Companies [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	416,433	392,361			1,194,589	1,133,510
Cost of goods and services	310,578	295,148			906,573	860,322
Gross profit	105,855	97,213			288,016	273,188
Selling, general and administrative expenses	73,190	71,110			214,717	207,725
Restructuring and other related charges		349				1,841
Total operating expenses	73,190	71,459			214,717	209,566
Income from operations	32,665	25,754			73,299	63,622
Other income (expense)
Interest income (expense), net	(7,770)	(7,367)			(22,895)	(21,946)
Loss from debt extinguishment, net		0				0
Other, net	2,075	2,497			4,985	5,569
Total other expense, net	(5,695)	(4,870)			(17,910)	(16,377)
Income (loss) before taxes	26,970	20,884			55,389	47,245
Provision (benefit) for income taxes	9,726	7,322			20,525	19,014
Income (loss) before equity in net income of subsidiaries	17,244	13,562			34,864	28,231
Equity in net income (loss) of subsidiaries	(1,206)	(1,161)			4,095	4,587
Net income (loss)	16,038	12,401			38,959	32,818
Other comprehensive income (loss), net of taxes	2,077	(592)			(14,578)	1,277
Comprehensive income (loss), net	18,115	11,809			24,381	34,095
Non-Guarantor Companies [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	110,204	126,343			362,291	375,877
Cost of goods and services	85,841	103,938			285,435	310,887
Gross profit	24,363	22,405			76,856	64,990
Selling, general and administrative expenses	24,286	19,617			61,734	50,025
Restructuring and other related charges		9				51
Total operating expenses	24,286	19,626			61,734	50,076
Income from operations	77	2,779			15,122	14,914
Other income (expense)
Interest income (expense), net	(1,978)	(2,424)			(6,219)	(6,817)
Loss from debt extinguishment, net		0				0
Other, net	30	(997)			(4,611)	(2,365)
Total other expense, net	(1,948)	(3,421)			(10,830)	(9,182)
Income (loss) before taxes	(1,871)	(642)			4,292	5,732
Provision (benefit) for income taxes	(732)	430			1,541	897
Income (loss) before equity in net income of subsidiaries	(1,139)	(1,072)			2,751	4,835
Equity in net income (loss) of subsidiaries	17,244	13,562			34,864	28,231
Net income (loss)	16,105	12,490			37,615	33,066
Other comprehensive income (loss), net of taxes	3,258	3,547			(25,962)	840
Comprehensive income (loss), net	19,363	16,037			11,653	33,906
Elimination [Member]
Condensed Income Statements, Captions [Line Items]
Revenue	(14,943)	(13,665)			(43,006)	(43,203)
Cost of goods and services	(8,214)	(12,354)			(33,987)	(38,822)
Gross profit	(6,729)	(1,311)			(9,019)	(4,381)
Selling, general and administrative expenses	(7,879)	(1,626)			(10,213)	(4,838)
Restructuring and other related charges		0				0
Total operating expenses	(7,879)	(1,626)			(10,213)	(4,838)
Income from operations	1,150	315			1,194	457
Other income (expense)
Interest income (expense), net	0	0			0	0
Loss from debt extinguishment, net		0				0
Other, net	(1,150)	(315)			(1,194)	(457)
Total other expense, net	(1,150)	(315)			(1,194)	(457)
Income (loss) before taxes	0	0			0	0
Provision (benefit) for income taxes	0	0			0	0
Income (loss) before equity in net income of subsidiaries	0	0			0	0
Equity in net income (loss) of subsidiaries	(32,143)	(24,891)			(76,574)	(65,884)
Net income (loss)	(32,143)	(24,891)			(76,574)	(65,884)
Other comprehensive income (loss), net of taxes	(5,335)	(2,955)			40,540	(2,117)
Comprehensive income (loss), net	$ (37,478)	$ (27,846)			$ (36,034)	$ (68,001)

CONSOLIDATING GUARANTOR AND N75

CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Details) - Summary of Condensed Consolidating Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 10,893		$ 14,464	$ 23,486	$ (8,125)
Net cash provided by (used in) operating activities				29,586	49,856
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(15,652)		(20,014)	(55,365)	(54,859)
Acquired businesses, net of cash acquired				(2,225)	(62,306)
Intercompany distributions				0	0
Investment sales (purchases)		$ 8,891		8,891	(8,402)
Proceeds from sale of assets				275	491
Net cash used in investing activities				(48,424)	(125,076)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock				371	584
Purchase of shares for treasury				(58,218)	(72,518)
Proceeds from long-term debt				121,523	682,913
Payments of long-term debt				(80,495)	(602,134)
Change in short-term borrowings				(81)	3,138
Financing costs				(592)	(10,928)
Purchase of ESOP shares				0	(10,000)
Tax effect from exercise/vesting of equity awards, net				345	273
Dividend				(5,807)	(4,841)
Other, net				206	194
Net cash used in financing activities				(22,748)	(13,319)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations				(830)	(1,018)
Effect of exchange rate changes on cash and equivalents				(4,034)	(1,136)
NET DECREASE IN CASH AND EQUIVALENTS				(46,450)	(90,693)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD				92,405	178,130
CASH AND EQUIVALENTS AT END OF PERIOD	45,955		87,437	45,955	87,437
Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	10,893		14,464	23,486	(8,125)
Net cash provided by (used in) operating activities				4,582	(10,966)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment				(203)	(672)
Acquired businesses, net of cash acquired				0	0
Intercompany distributions				10,000	10,000
Investment sales (purchases)				8,891	(8,402)
Proceeds from sale of assets				0	0
Net cash used in investing activities				18,688	926
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock				371	584
Purchase of shares for treasury				(58,218)	(72,518)
Proceeds from long-term debt				112,000	649,568
Payments of long-term debt				(73,652)	(597,613)
Change in short-term borrowings				0	0
Financing costs				(592)	(10,393)
Purchase of ESOP shares					(10,000)
Tax effect from exercise/vesting of equity awards, net				345	273
Dividend				(5,807)	(9,841)
Other, net				206	194
Net cash used in financing activities				(25,347)	(49,746)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations				0	0
Effect of exchange rate changes on cash and equivalents				0	0
NET DECREASE IN CASH AND EQUIVALENTS				(2,077)	(59,786)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD				6,813
CASH AND EQUIVALENTS AT END OF PERIOD	4,736		9,208	4,736	9,208
Guarantor Companies [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	16,038		12,401	38,959	32,818
Net cash provided by (used in) operating activities				16,063	(8,300)
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment				(40,918)	(45,749)
Acquired businesses, net of cash acquired				(2,225)	(1,000)
Intercompany distributions				(10,000)	(10,000)
Investment sales (purchases)				0	0
Proceeds from sale of assets				90	298
Net cash used in investing activities				(53,053)	(56,451)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock				0	0
Purchase of shares for treasury				0	0
Proceeds from long-term debt				116	(253)
Payments of long-term debt				(1,009)	(708)
Change in short-term borrowings				0	0
Financing costs				0	0
Purchase of ESOP shares					0
Tax effect from exercise/vesting of equity awards, net				0	0
Dividend				0	5,000
Other, net				19,254	54,869
Net cash used in financing activities				18,361	58,908
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations				0	0
Effect of exchange rate changes on cash and equivalents				0	0
NET DECREASE IN CASH AND EQUIVALENTS				(18,629)	(5,843)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD				31,522
CASH AND EQUIVALENTS AT END OF PERIOD	12,893		19,500	12,893	19,500
Non-Guarantor Companies [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	16,105		12,490	37,615	33,066
Net cash provided by (used in) operating activities				8,941	69,122
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment				(14,244)	(8,438)
Acquired businesses, net of cash acquired				0	(61,306)
Intercompany distributions				$ 0	0
Investment sales (purchases)					0
Proceeds from sale of assets				$ 185	193
Net cash used in investing activities				(14,059)	(69,551)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock				0	0
Purchase of shares for treasury				0	0
Proceeds from long-term debt				9,407	33,598
Payments of long-term debt				(5,834)	(3,813)
Change in short-term borrowings				(81)	3,138
Financing costs				0	(535)
Purchase of ESOP shares					0
Tax effect from exercise/vesting of equity awards, net				0	0
Dividend				0	0
Other, net				(19,254)	(54,869)
Net cash used in financing activities				(15,762)	(22,481)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations				(830)	(1,018)
Effect of exchange rate changes on cash and equivalents				(4,034)	(1,136)
NET DECREASE IN CASH AND EQUIVALENTS				(25,744)	(25,064)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD				54,070
CASH AND EQUIVALENTS AT END OF PERIOD	28,326		58,729	28,326	58,729
Elimination [Member]
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquired businesses, net of cash acquired				0
Investment sales (purchases)				0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock				0
Elimination [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	(32,143)		(24,891)	(76,574)	(65,884)
Net cash provided by (used in) operating activities				0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment				0	0
Acquired businesses, net of cash acquired					0
Intercompany distributions				0	0
Investment sales (purchases)					0
Proceeds from sale of assets				0	0
Net cash used in investing activities				0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock					0
Purchase of shares for treasury				0	0
Proceeds from long-term debt				0	0
Payments of long-term debt				0	0
Change in short-term borrowings				0	0
Financing costs				0	0
Purchase of ESOP shares					0
Tax effect from exercise/vesting of equity awards, net				0	0
Dividend				0	0
Other, net				0	0
Net cash used in financing activities				0	0
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations				0	0
Effect of exchange rate changes on cash and equivalents				0	0
NET DECREASE IN CASH AND EQUIVALENTS				0	0
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD				0
CASH AND EQUIVALENTS AT END OF PERIOD	$ 0		$ 0	$ 0	$ 0

Uncategorized Items - gff-20150

Label	Element	Value
Product Warranty Accrual	us-gaap_ProductWarrantyAccrual	$ 5,674
Product Warranty Accrual	us-gaap_ProductWarrantyAccrual	$ 7,111