DISCONTINUED OPERATIONS

3 Months Ended

Dec. 31, 2012

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 14 – DISCONTINUED OPERATIONS

The following amounts related to the Installation Services segment, discontinued in 2008, 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 December 31, 2012		At September 30, 2012
Assets of discontinued operations:
Prepaid and other current assets	$	571	$	587
Other long-term assets		2,798		2,936
Total assets of discontinued operations	$	3,369	$	3,523
Liabilities of discontinued operations:
Accrued liabilities, current	$	2,084	$	3,639
Other long-term liabilities		3,395		3,643
Total liabilities of discontinued operations	$	5,479	$	7,282

There was no Installation Services’ operating unit revenue or income for the three months ended December 31, 2012 or 2011.