SEC Info - Griffon Corp - ‘10-K’ for 9/30/14

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.54M 
 2: EX-10.43    Material Contract -- exhibit1043                    HTML     60K 
 3: EX-10.44    Material Contract -- exhibit1044                    HTML     39K 
 4: EX-21       Subsidiaries List                                   HTML     39K 
 5: EX-23       Consent of Experts or Counsel                       HTML     37K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     44K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     44K 
 8: EX-32       Certification -- §906 - SOA'02                      HTML     40K 
85: R1          Document And Entity Information                     HTML     65K 
64: R2          Consolidated Balance Sheets                         HTML    141K 
80: R3          Consolidated Balance Sheets (Parentheticals)        HTML     62K 
89: R4          Consolidated Statements of Operations and           HTML    155K 
                Comprehensive Income (Loss)                                      
115: R5          Consolidated Statements of Cash Flows               HTML    156K  
67: R6          Consolidated Statements of Shareholders' Equity     HTML     99K 
79: R7          Description of Business and Summary of Significant  HTML    118K 
                Accounting Policies                                              
58: R8          Acquisitions                                        HTML     87K 
47: R9          Inventories                                         HTML     47K 
117: R10         Property, Plant and Equipment                       HTML     50K  
91: R11         Goodwill and Other Intangibles                      HTML     90K 
90: R12         Discontinued Operations                             HTML     60K 
97: R13         Accrued Liabilities                                 HTML     55K 
98: R14         Restructuring and Other Related Charges             HTML     89K 
95: R15         Warranty Liability                                  HTML     48K 
99: R16         Notes Payable, Capitalized Leases and Long-Term     HTML    336K 
                Debt                                                             
81: R17         Employee Benefit Plans                              HTML    314K 
86: R18         Income Taxes                                        HTML    157K 
93: R19         Stockholders' Equity and Equity Compensation        HTML    106K 
126: R20         Commitments and Contingent Liabilities              HTML     53K  
108: R21         Earnings (Loss) Per Share                           HTML     52K  
73: R22         Related Parties                                     HTML     43K 
92: R23         Quarterly Financial Information (Unaudited)         HTML     91K 
76: R24         Reportable Segments                                 HTML    206K 
36: R25         Other Income (Expense)                              HTML     40K 
109: R26         Other Comprehensive Income (Loss)                   HTML    108K  
122: R27         Consolidating Guarantor and Non-Guarantor           HTML    737K  
                Financial Information                                            
52: R28         Subsequent Events                                   HTML     39K 
51: R29         Schedule Ii Valuation and Qualifying Accounts       HTML    145K 
56: R30         Description of Business and Summary of Significant  HTML    170K 
                Accounting Policies (Policies)                                   
57: R31         Acquisitions (Tables)                               HTML     78K 
59: R32         Inventories (Tables)                                HTML     45K 
24: R33         Property, Plant and Equipment (Tables)              HTML     49K 
106: R34         Goodwill and Other Intangibles (Tables)             HTML     85K  
71: R35         Discontinued Operations (Tables)                    HTML     55K 
74: R36         Accrued Liabilities (Tables)                        HTML     54K 
42: R37         Restructuring and Other Related Charges (Tables)    HTML     82K 
125: R38         Warranty Liability (Tables)                         HTML     46K  
15: R39         Notes Payable, Capitalized Leases and Long-Term     HTML    362K 
                Debt (Tables)                                                    
61: R40         Employee Benefit Plans (Tables)                     HTML    306K 
113: R41         Income Taxes (Tables)                               HTML    157K  
39: R42         Stockholders' Equity and Equity Compensation        HTML     88K 
                (Tables)                                                         
50: R43         Earnings (Loss) Per Share (Tables)                  HTML     50K 
55: R44         Quarterly Financial Information (Unaudited)         HTML     85K 
                (Tables)                                                         
65: R45         Reportable Segments (Tables)                        HTML    200K 
23: R46         Other Comprehensive Income (Loss) (Tables)          HTML    109K 
46: R47         Consolidating Guarantor and Non-Guarantor           HTML    736K 
                Financial Information (Tables)                                   
17: R48         Description of Business and Summary of Significant  HTML    161K 
                Accounting Policies (Details)                                    
111: R49         Acquisitions (Details)                              HTML     52K  
38: R50         Acquisitions (Details) - Summary of Fair Values of  HTML     63K 
                Assets Acquired                                                  
107: R51         Acquisitions (Details) - Summary of Goodwill and    HTML     54K  
                Intangible Asset Classifications                                 
43: R52         INVENTORIES (Details) - Summary of Inventories      HTML     46K 
                stated at lower cost                                             
62: R53         PROPERTY, PLANT AND EQUIPMENT (Details) - Summary   HTML     48K 
                of property plant and equipment                                  
16: R54         GOODWILL AND OTHER INTANGIBLES (Details) - Summary  HTML     46K 
                of changes in carrying value of goodwill                         
20: R55         GOODWILL AND OTHER INTANGIBLES (Details) - Summary  HTML     50K 
                of gross carrying value and accumulated                          
                amortization of intangible assets                                
54: R56         Goodwill and Other Intangibles (Details)            HTML     54K 
28: R57         Discontinued Operations (Details)                   HTML     46K 
118: R58         Discontinued Operations (Details) - Summary of      HTML     52K  
                discontinued operations                                          
69: R59         ACCRUED LIABILITIES (Details) - Schedule of         HTML     64K 
                accrued liabilities                                              
96: R60         Restructuring and Other Related Charges (Details)   HTML     62K 
45: R61         Restructuring and Other Related Charges (Details)   HTML     44K 
                - Summary of the restructuring and other related                 
                charges                                                          
48: R62         Restructuring and Other Related Charges (Details)   HTML     50K 
                - Summary of accrued liability for the                           
                restructuring and related charges                                
104: R63         Warranty Liability (Details)                        HTML     39K  
100: R64         Warranty Liability (Details) - Summary of changes   HTML     44K  
                in warrant liability included in Accrued                         
                liabilities                                                      
72: R65         NOTES PAYABLE, CAPITALIZED LEASES AND LONG-TERM     HTML     49K 
                DEBT (Details) - Summary of net minimum payments                 
                on capitalized leases                                            
102: R66         Notes Payable, Capitalized Leases and Long-Term     HTML    463K  
                Debt (Details)                                                   
44: R67         Notes Payable, Capitalized Leases and Long-Term     HTML    105K 
                Debt (Details) - Summary of Long-Term Debt                       
77: R68         Notes Payable, Capitalized Leases and Long-Term     HTML    114K 
                Debt (Details) - Summary of Interest Expense                     
                Incurred                                                         
121: R69         Employee Benefit Plans (Details)                    HTML     92K  
19: R70         Employee Benefit Plans (Details) - Schedule of net  HTML     63K 
                periodic costs                                                   
35: R71         Employee Benefit Plans (Details) -                  HTML     47K 
                Weighted-average assumptions used in determining                 
                the net periodic benefit costs                                   
63: R72         Employee Benefit Plans (Details) - Plan assets and  HTML    145K 
                benefit obligation of the defined benefit plans                  
26: R73         Employee Benefit Plans (Details) - Schedule of      HTML     43K 
                weighted average assumptions used in determining                 
                benefit obligations                                              
124: R74         Employee Benefit Plans (Details) - Actual and       HTML     46K  
                weighted-average assets allocation for qualified                 
                benefit plans                                                    
40: R75         Employee Benefit Plans (Details) - Estimated        HTML     53K 
                future benefit payments to retirees                              
30: R76         Employee Benefit Plans (Details) - Pension and      HTML     78K 
                post-retirement plan assets by asset category                    
34: R77         Employee Benefit Plans (Details) - ESOP Shares      HTML     43K 
21: R78         INCOME TAXES (Details) - Components of Income       HTML     43K 
                before taxes and discontinued operations                         
25: R79         INCOME TAXES (Details) - Provision (benefit) for    HTML     59K 
                income taxes on income from continuing operations                
87: R80         Income Taxes (Details)                              HTML     56K 
32: R81         Income Taxes (Details) - Schedule of effective      HTML     72K 
                income tax rate reconciliation                                   
119: R82         Income Taxes (Details) - Schedule of deferred tax   HTML     94K  
                assets and liabilities                                           
60: R83         Income Taxes (Details) - Components of net          HTML     48K 
                deferred tax asset (liability), by balance sheet                 
                account                                                          
94: R84         Income Taxes (Details) - Schedule of unrecognized   HTML     51K 
                tax benefits                                                     
101: R85         Stockholders' Equity and Equity Compensation        HTML    145K  
                (Details)                                                        
31: R86         Stockholders' Equity and Equity Compensation        HTML     44K 
                (Details) - Summary of stock-based compensation                  
                expense (Details)                                                
33: R87         Stockholders' Equity and Equity Compensation        HTML     54K 
                (Details) - Summary of stock option activity                     
116: R88         Stockholders' Equity and Equity Compensation        HTML     63K  
                (Details) - Stock options activity range of                      
                exercise prices                                                  
27: R89         Stockholders' Equity and Equity Compensation        HTML     62K 
                (Details) - Summary of restricted stock activity                 
88: R90         Commitments and Contingent Liabilities (Details)    HTML     64K 
84: R91         EARNINGS (LOSS) PER SHARE (Details) - Basic and     HTML     51K 
                diluted EPS from continuing operations                           
105: R92         Related Parties (Details)                           HTML     55K  
83: R93         Quarterly Financial Information (Unaudited)         HTML     49K 
                (Details)                                                        
68: R94         Quarterly Financial Information (UNAUDITED)         HTML     59K 
                (Details) - Schedule of quarterly financial                      
                information                                                      
110: R95         REPORTABLE SEGMENTS (Details) - Schedule of         HTML    106K  
                Summary of Reconciliation of Segment Profit Before               
                Taxes and Operations                                             
66: R96         REPORTABLE SEGMENTS (Details) - Schedule of         HTML     49K 
                summary of segment assets                                        
41: R97         REPORTABLE SEGMENTS (Details) - Schedule of         HTML     58K 
                Segment Information by Geographic Region                         
75: R98         Reportable Segments (Details)                       HTML     42K 
70: R99         Other Income (Expense) (Details)                    HTML     42K 
53: R100        OTHER COMPREHENSIVE INCOME (LOSS) (Details) -       HTML     80K 
                Summary of Other Comprehensive Income                            
127: R101        OTHER COMPREHENSIVE INCOME (LOSS) (Details) -       HTML     44K  
                Accumulated Other Comprehensive Income                           
103: R102        Other Comprehensive Income (Loss) (Details) -       HTML     51K  
                Total Comprehensive Income (Loss)                                
82: R103        Other Comprehensive Income (LOSS) (Details) -       HTML     51K 
                Summary of Amounts Reclassified from Accumulated                 
                Other Comprehensive Income                                       
22: R104        Consolidating Guarantor and Non-Guarantor           HTML     42K 
                Financial Information (Details)                                  
112: R105        Consolidating Guarantor and Non-Guarantor           HTML    163K  
                Financial Information (Details) - Summary of                     
                consolidated balance sheets                                      
120: R106        Consolidating Guarantor and Non-Guarantor           HTML    177K  
                Financial Information (Details) - Summary of                     
                consolidated statement of operations and                         
                comprehensive income                                             
114: R107        Consolidating Guarantor and Non-Guarantor           HTML    203K  
                Financial Information (Details) - Summary of                     
                consolidated cash flows                                          
78: R108        Subsequent Events (Details)                         HTML     37K 
29: R109        SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS       HTML     58K 
                (Details) - Schedule of Valuation and Qualifying                 
                Accounts                                                         
123: XML         IDEA XML File -- Filing Summary                      XML    204K  
18: EXCEL       IDEA Workbook of Financial Reports                  XLSX    601K 
49: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS   5.70M 
 9: EX-101.INS  XBRL Instance -- gff-20140930                        XML   7.82M 
11: EX-101.CAL  XBRL Calculations -- gff-20140930_cal                XML    414K 
12: EX-101.DEF  XBRL Definitions -- gff-20140930_def                 XML   1.13M 
13: EX-101.LAB  XBRL Labels -- gff-20140930_lab                      XML   3.07M 
14: EX-101.PRE  XBRL Presentations -- gff-20140930_pre               XML   1.73M 
10: EX-101.SCH  XBRL Schema -- gff-20140930                          XSD    355K 
37: ZIP         XBRL Zipped Folder -- 0000050725-14-000006-xbrl      Zip    549K

‘R47’ — Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

This is an IDEA Financial Report. [ Alternative Formats ]

CONSOLIDATING GUARANTOR AND NON-GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Sep. 30, 2014

Consolidating Guarantor And Non Guarantor Financial Information [Abstract]

Condensed Balance Sheet



	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		86,971		—			371,846
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	41,680		53,896		6,739		(75,213		)	27,102
ASSETS OF DISCONTINUED OPERATIONS	—		—		2,126		—			2,126
Total Assets	$	1,374,866	$	2,921,791	$	2,488,145	$	(4,964,441	)	$	1,820,361

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		87,684		(20,811		)	319,995
Liabilities of discontinued operations	—		—		3,282		—			3,282
Total Current Liabilities	27,905		228,563		95,506		(20,811		)	331,163
LONG-TERM DEBT, net of debt discounts	752,160		7,806		45,135		—			805,101
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	842,839		1,203,137		933,612		(1,691,254		)	1,288,334
SHAREHOLDERS’ EQUITY	532,027		1,718,654		1,554,533		(3,273,187		)	532,027
Total Liabilities and Shareholders’ Equity	$	1,374,866	$	2,921,791	$	2,488,145	$	(4,964,441	)	$	1,820,361

CONDENSED CONSOLIDATING BALANCE SHEETS

At September 30, 2013



	Parent Company			Guarantor Companies		Non-Guarantor Companies		Elimination			Consolidation
CURRENT ASSETS
Cash and equivalents	$	68,994		$	25,343	$	83,793	$	—		$	178,130
Accounts receivable, net of allowances	—			213,506		76,241		(33,532		)	256,215
Contract costs and recognized income not yet billed, net of progress payments	—			109,683		145		—			109,828
Inventories, net	—			173,406		56,723		(9		)	230,120
Prepaid and other current assets	(712		)	13,954		17,330		10,431			41,003
Assets of discontinued operations	—			—		1,214		—			1,214
Total Current Assets	68,282			535,892		235,446		(23,110		)	816,510
PROPERTY, PLANT AND EQUIPMENT, net	972			248,973		103,648		—			353,593
GOODWILL	—			284,875		69,584		—			354,459
INTANGIBLE ASSETS, net	—			160,349		61,042		—			221,391
INTERCOMPANY RECEIVABLE	547,903			911,632		573,269		(2,032,804		)	—
EQUITY INVESTMENTS IN SUBSIDIARIES	772,374			533,742		2,718,956		(4,025,072		)	—
OTHER ASSETS	45,968			50,423		7,423		(75,234		)	28,580
ASSETS OF DISCONTINUED OPERATIONS	—			—		3,075		—			3,075
Total Assets	$	1,435,499		$	2,725,886	$	3,772,443	$	(6,156,220	)	$	1,777,608
CURRENT LIABILITIES
Notes payable and current portion of long-term debt	$	1,000		$	1,079	$	8,689	$	—		$	10,768
Accounts payable and accrued liabilities	41,121			183,665		70,427		(24,860		)	270,353
Liabilities of discontinued operations	—			—		3,288		—			3,288
Total Current Liabilities	42,121			184,744		82,404		(24,860		)	284,409
LONG-TERM DEBT, net of debt discounts	656,852			9,006		12,629		—			678,487
INTERCOMPANY PAYABLES	20,607			796,741		1,188,017		(2,005,365		)	—
OTHER LIABILITIES	65,455			142,799		25,578		(74,328		)	159,504
LIABILITIES OF DISCONTINUED OPERATIONS	—			—		4,744		—			4,744
Total Liabilities	785,035			1,133,290		1,313,372		(2,104,553		)	1,127,144
SHAREHOLDERS’ EQUITY	650,464			1,592,596		2,459,071		(4,051,667		)	650,464
Total Liabilities and Shareholders’ Equity	$	1,435,499		$	2,725,886	$	3,772,443	$	(6,156,220	)	$	1,777,608

Condensed Income Statement

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Year Ended September 30, 2014



	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
Revenue	$	—		$	1,526,678		$	519,349		$	(54,216	)	$	1,991,811
Cost of goods and services	—			1,156,268			424,568			(48,424		)	1,532,412
Gross profit	—			370,410			94,781			(5,792		)	459,399

Selling, general and administrative expenses	24,248			281,930			75,551			(6,466		)	375,099
Restructuring and other related charges	—			4,234			1,902			—			6,136
Total operating expenses	24,248			286,164			77,453			(6,466		)	381,235

Income (loss) from operations	(24,084		)	84,246			17,328			674			78,164

Other income (expense)
Interest income (expense), net	(10,079		)	(28,630		)	(9,435		)	—			(48,144		)
Extinguishment of debt	(38,890		)	—			—			—			(38,890		)
Other, net	111			7,945			(4,228		)	(674		)	3,154
Total other income (expense)	(48,858		)	(20,685		)	(13,663		)	(674		)	(83,880		)

Income (loss) before taxes	(72,942		)	63,561			3,665			—			(5,716		)
Provision (benefit) for income taxes	(32,044		)	26,480			25			—			(5,539		)
Income (loss) before equity in net income of subsidiaries	(40,898		)	37,081			3,640			—			(177		)
Equity in net income (loss) of subsidiaries	40,721			3,531			37,081			(81,333		)	—
Income (loss) from continuing operations	$	(177	)	$	40,612		$	40,721		$	(81,333	)	$	(177	)
Loss from operations of discontinued businesses	—			—			—			—			—
Benefit from income taxes	—			—			—			—			—
Loss from discontinued operations	—			—			—			—			—
Net income (loss)	$	(177	)	$	40,612		$	40,721		$	(81,333	)	$	(177	)

Comprehensive income (loss)	$	372		$	28,355		$	25,704		$	(81,333	)	$	(26,902	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Year Ended September 30, 2013



	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
Revenue	$	—		$	1,459,705		$	463,767		$	(52,145	)	$	1,871,327
Cost of goods and services	—			1,107,440			392,588			(46,286		)	1,453,742
Gross profit	—			352,265			71,179			(5,859		)	417,585
Selling, general and administrative expenses	24,248			269,654			52,819			(6,252		)	340,469
Restructuring and other related charges	—			9,236			4,026			—			13,262
Total operating expenses	24,248			278,890			56,845			(6,252		)	353,731
Income (loss) from operations	(24,248		)	73,375			14,334			393			63,854
Other income (expense)
Interest income (expense), net	(14,381		)	(27,660		)	(10,126		)	—			(52,167		)
Other, net	569			9,656			(7,233		)	(346		)	2,646
Total other income (expense)	(13,812		)	(18,004		)	(17,359		)	(346		)	(49,521		)
Income (loss) before taxes	(38,060		)	55,371			(3,025		)	47			14,333
Provision (benefit) for income taxes	(14,888		)	20,603			1,781			47			7,543
Income (loss) before equity in net income of subsidiaries	(23,172		)	34,768			(4,806		)	—			6,790
Equity in net income (loss) of subsidiaries	26,939			(1,467		)	34,768			(60,240		)	—
Income (loss) from continuing operations	3,767			33,301			29,962			(60,240		)	6,790
Loss from operations of discontinued businesses	—			—			(4,651		)	—			(4,651		)
Benefit from income taxes	—			—			1,628			—			1,628
Loss from discontinued operations	—			—			(3,023		)	—			(3,023		)
Net Income (loss)	$	3,767		$	33,301		$	26,939		$	(60,240	)	$	3,767
Comprehensive income (loss)	$	4,653		$	10,903		$	64,671		$	(60,240	)	$	19,987

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Year Ended September 30, 2012



	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
Revenue	$	—		$	1,414,910		$	499,860		$	(53,625	)	$	1,861,145
Cost of goods and services	—			1,060,183			428,760			(46,603		)	1,442,340
Gross profit	—			354,727			71,100			(7,022		)	418,805
Selling, general and administrative expenses	18,982			267,677			62,564			(7,527		)	341,696
Restructuring and other related charges	—			4,674			15			—			4,689
Total operating expenses	18,982			272,351			62,579			(7,527		)	346,385
Income (loss) from operations	(18,982		)	82,376			8,521			505			72,420
Other income (expense)
Interest income (expense), net	(14,541		)	(25,183		)	(11,991		)	—			(51,715		)
Other, net	13			9,484			(7,756		)	(505		)	1,236
Total other income (expense)	(14,528		)	(15,699		)	(19,747		)	(505		)	(50,479		)
Income (loss) before taxes	(33,510		)	66,677			(11,226		)	—			21,941
Provision (benefit) for income taxes	(20,363		)	25,366			(73		)	—			4,930
Income (loss) before equity in net income of subsidiaries	(13,147		)	41,311			(11,153		)	—			17,011
Equity in net income (loss) of subsidiaries	30,158			(11,007		)	41,311			(60,462		)	—
Net income (loss)	$	17,011		$	30,304		$	30,158		$	(60,462	)	$	17,011
Comprehensive income (loss)	$	16,392		$	50,081		$	(835	)	$	(60,462	)	$	5,176

Condensed Cash Flow Statement

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended September 30, 2014



	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(177	)	$	40,612		$	40,721		$	(81,333	)	$	(177	)
Net cash provided by operating activities	(3,902		)	17,168			80,035			—			93,301
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(700		)	(64,320		)	(12,074		)	—			(77,094		)
Acquired business, net of cash acquired	—			2,675			(64,981		)	—			(62,306		)
Intercompany distributions	10,000			(10,000		)	—			—			—
Purchase of securities	(8,402		)	—			—			—			(8,402		)
Proceeds from sale of property, plant and equipment	—			360			192			—			552
Net cash used in investing activities	898			(71,285		)	(76,863		)	—			(147,250		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock	584			—			—			—			584
Purchase of shares for treasury	(79,614		)	—			—			—			(79,614		)
Proceeds from issuance of long-term debt	659,568			(102		)	32,477			—			691,943
Payments of long-term debt	(598,250		)	(1,135		)	(3,709		)	—			(603,094		)
Change in short-term borrowings	—			—			(749		)	—			(749		)
Financing costs	(10,763		)	—			(535		)	—			(11,298		)
Purchase of ESOP shares	(20,000		)	—			—			—			(20,000		)
Tax effect from exercise/vesting of equity awards, net	273			—			—			—			273
Dividend	(11,273		)	5,000			—			—			(6,273		)
Other, net	298			56,533			(56,533		)	—			298
Net cash used in financing activities	(59,177		)	60,296			(29,049		)	—			(27,930		)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations	—			—			(1,528		)	—			(1,528		)
Effect of exchange rate changes on cash and equivalents	—			—			(2,318		)	—			(2,318		)
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS	(62,181		)	6,179			(29,723		)	—			(85,725		)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	68,994			25,343			83,793			—			178,130
CASH AND EQUIVALENTS AT END OF PERIOD	$	6,813		$	31,522		$	54,070		$	—		$	92,405

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended September 30, 2013



	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	3,767		$	33,301		$	26,939		$	(60,240	)	$	3,767
Net cash provided by (used in) operating activities	(25,184		)	83,177			27,690			—			85,683
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(123		)	(56,617		)	(7,701		)	—			(64,441		)
Intercompany distributions	10,000			(10,000		)	—			—			—
Proceeds from sale of property, plant and equipment	—			1,404			169			—			1,573
Net cash provided by (used in) investing activities	9,877			(65,213		)	(7,532		)	—			(62,868		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of shares for treasury	(32,521		)	—			—			—			(32,521		)
Proceeds from issuance of long-term debt	—			303			—			—			303
Payments of long-term debt	(2,157		)	(1,032		)	(13,678		)	—			(16,867		)
Change in short-term borrowings	—			—			2,950			—			2,950
Financing costs	(833		)	—			—			—			(833		)
Tax effect from exercise/vesting of equity awards, net	150			—			—			—			150
Dividend	(5,825		)	—			—			—			(5,825		)
Other, net	394			(26,674		)	26,674			—			394
Net cash provided by (used in) financing activities	(40,792		)	(27,403		)	15,946			—			(52,249		)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations	—			—			(2,090		)	—			(2,090		)
Effect of exchange rate changes on cash and equivalents	—			—			—			—			—
NET DECREASE IN CASH AND EQUIVALENTS	(56,099		)	(9,439		)	34,014			—			(31,524		)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	125,093			34,782			49,779			—			209,654
CASH AND EQUIVALENTS AT END OF PERIOD	$	68,994		$	25,343		$	83,793		$	—		$	178,130

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS

For the Year Ended September 30, 2012



	Parent Company			Guarantor Companies			Non-Guarantor Companies			Elimination			Consolidation
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	17,011		$	30,304		$	30,158		$	(60,462	)	$	17,011
Net cash provided by (used in) operating activities	(24,315		)	93,349			21,096			—			90,130
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property, plant and equipment	(155		)	(63,388		)	(5,308		)	—			(68,851		)
Acquired business, net of cash acquired	—			(22,432		)	—			—			(22,432		)
Intercompany distributions	10,000			(10,000		)	—			—			—
Proceeds from sale of property, plant and equipment	—			200			109			—			309
Net cash provided by (used in) investing activities	9,845			(95,620		)	(5,199		)	—			(90,974		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of shares for treasury	(10,382		)	—			—			—			(10,382		)
Proceeds from issuance of long-term debt	(23,000		)	491,372			27,000			(491,372		)	4,000
Payments of long-term debt	(1,625		)	(4,351		)	(12,570		)	—			(18,546		)
Change in short-term borrowings	—			—			(1,859		)	—			(1,859		)
Financing costs	(65		)	—			(32		)	—			(97		)
Tax effect from exercise/vesting of equity awards, net	834			—			—			—			834
Dividend	(4,743		)	(219,516		)	219,516			—			(4,743		)
Other, net	96			(245,616		)	(245,752		)	491,372			100
Net cash provided by (used in) financing activities	(38,885		)	21,889			(13,697		)	—			(30,693		)
CASH FLOWS FROM DISCONTINUED OPERATIONS:
Net cash used in discontinued operations	—			—			(2,801		)	—			(2,801		)
Effect of exchange rate changes on cash and equivalents	—			—			963			—			963
NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS	(53,355		)	19,618			362			—			(33,375		)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD	178,448			15,164			49,417			—			243,029
CASH AND EQUIVALENTS AT END OF PERIOD	$	125,093		$	34,782		$	49,779		$	—		$	209,654

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed as of:	11/13/14	3
Filed on:	11/12/14	8-K
For Period end:	9/30/14
	9/30/13	10-K
	9/30/12	10-K, 5, ARS
		List all Filings

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Filing Submission 0000050725-14-000006 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Griffon Corp – ‘10-K’ for 9/30/14 – ‘R47’

On: Wednesday, 11/12/14, at 5:40pm ET · As of: 11/13/14 · For: 9/30/14 · Accession #: 50725-14-6 · File #: 1-06620

Previous ‘10-K’: ‘10-K’ on 11/15/13 for 9/30/13 · Next: ‘10-K’ on 11/12/15 for 9/30/15 · Latest: ‘10-K’ on 11/16/23 for 9/30/23

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R47’ — Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Griffon Corp – ‘10-K’ for 9/30/14 – ‘R47’

On: Wednesday, 11/12/14, at 5:40pm ET · As of: 11/13/14 · For: 9/30/14 · Accession #: 50725-14-6 · File #: 1-06620

Previous ‘10-K’: ‘10-K’ on 11/15/13 for 9/30/13 · Next: ‘10-K’ on 11/12/15 for 9/30/15 · Latest: ‘10-K’ on 11/16/23 for 9/30/23

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R47’ — Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents